Project Accountant
AECOM Arabia
Total years of experience :29 years, 1 Months
Identify, establish and maintain core financial controls, in particular the recognition of margin and commercial income & expenses. Establish and deliver core performance reporting and management information that meets the weekly, periodic, quarterly and annual needs of the categories and finance teams. Set budget principles, manage and deliver plans that are consistent with core financial processes and corporate strategy. Deliver accurate forecasting of performance as required. Review and understand trends in performance and ensure key milestones are achieved to deliver objectives. Provide ‘ad-hoc’ analysis as required delivering greater understanding of the financial performance of the Categories and new initiatives. Understand the impact of Debtor and Creditors on cash flow and work with the category to ensure working capital is optimized.
Joined AECOM Arabia on 14th April 2012 for the Jeddah Storm water & Drainage Program (JSDP). The Jeddah Governorate is located on the Red Sea coastal plain and receives rainfall runoff from the foothills to the east through natural drainage pathways known as wadis. During intense rainfall events, runoff causes flooding in the urban areas of the coastal plain. The contractor will establish five (5) dams and their sub channels to improve the flood protection systems for the city of Jeddah. AECOM has been contracted by JSDP- client as consultant of the project.
Currently I am located in JAZAN ECONOMIC CITY PORT & INFRASTRUCTURE (JECPI) as Senior Project Accountant with ARAMCO Oil Refinery in Jezan City.
Strategic Responsibilities:
Monitor and Control project to ensure project cost is within budget and project cash flow Identify deviation of Costs between the budget and the actual. Reduce excessive project cost (wastage) to emphasize profit opportunities.
Prepare cost estimates as required weekly monthly cost reports submit to the management and reviewing the weekly summary and monthly invoice to the client.
A experience in variations & claims, contractual procedures, procurement procedures, Cost control procedures and
reporting, forecast cost to complete, cash flow, Pricing & biding, preparing Company Bill & SC- Bill, negotiating with
subcontractors, monitoring the Subcontractors¡¦ payments and reconciling material.
A strong negotiation and analytical skills with ability to network with Project Members, Consultants, Sub-Contractors with consummate ease in International Environment.
Set budget principles, manage and deliver plans that are consistent with core financial processes and corporate strategy. Deliver accurate forecasting of performance as required. Review and understand trends in performance and ensure key milestones are achieved to deliver objectives.
Handling of Bank Reconciliation. Maintaining day-to-day accounts.Dealing with subcontractors and suppliers Effective in Banking Module, Fixed Deposit Module Maintaining statistics of Sales & Inventory.Module Preparation of Trial Balance, Balance Sheet, Arranging and Maintaining Records for Trade Finance covering Trust Receipts and Over Drafts, Import, Export and Local Letter of credits (UCP-600 & Documentations) Maintaining proper records for Inward and Outward Guarantees and arranging for issuance of Outward Guarantees and Tender Bonds from various Banks with whom we got credit lines.Co-coordinating and Controlling of Treasury operations with HSBC Bank, Mashreq Bank, Dubai Islamic Bank by adhering to the guidelines of Islamic Banking and First Gulf Bank.Involving in Finalization of Accounts of Group Companies Maintaining accounts involved in Foreign Currency in respect of Foreign Letter of Credit. Organizing MIS reports as per the regulations of IFRS for the review of Top Management.
Independent Handling of Bank Transactions relating to Local, Import & Export Letter of Credit and all other transactions by maintaining report with the Officials of all Banks.Ensuring Proper and Accurate Maintenance of day-to-day accounts of the Company.Preparing Statistics relating to Sales, Inventory, Purchases, Costing and data supporting Management by preparing various returns relating to MIS. Involving in Finalization of Trial Balance, Balance Sheet, Sales Tax & TDS.Attending to all Transactions relating to Foreign trade.
Handling of Foreign Currency accounts relating to export Trade.
Independent Handling of Bank Transactions
relating to Local, Import & Export Letter of
Credit and all other transactions by
maintaining report with the Officials of all
Banks.
• Ensuring Proper and Accurate Maintenance of day-to-day accounts of the Company.
• Preparing Statistics relating to Sales, Inventory, Purchases, Costing and data supporting Management by preparing various returns relating to MIS.
• Involving in Finalization of Trial Balance, Balance Sheet, Sales Tax & TDS.
• Attending to all Transactions relating to Foreign trade.
• Handling of Foreign Currency accounts relating to export Trade.