George Varughese

 Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.
 Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
. Payroll Function, Banking & Insurance activities. Reviews accounts payables and check runs.
 Determines proper handling of financial transactions and approves transactions within designated limits.
 Compiles and analyzes financial information to prepare entries to general ledger accounts, job cost centers and documents business transactions.
 Responsible for distributing financial statements to the management.

 Spearhead the development/implementation of project policies & procedures and financial policies, systems, procedures and guidelines to ensure smooth cash flow, streamlining budgets, establishing stringent procurement and expense guidelines.
 Set SMART Goal & Objective for project.
 Estimated budgets, conducted variance analysis and compared actual results with the defined budgets to determine variances.
 Planning and preparing Capital Expenditure & Operating expenditure budgets(CAPEX & OPEX), assistance in the preparation of project plan, coordinates, monitor overall budget commitments, expenditure and to ensure effective cost control, ensuring ways to reduce cost, improve margins and efficiently manage cash flows.
 Review financial performance and highlights any deviations from the actual. Recommend budget revision requirements of unplanned scope changes. Prepare supplementary budgets, prepare authorization of variation orders.
 Opening letter of credit and letter of guarantees, insurance & bank matters etc.
 Customer invoicing, check and verify contractors progress invoices, retention’s and payment status, back- charging sister concerns.

 Reporting to the Commercial Manager, monthly financial statements reporting to the Head Office in Wiesbaden - Germany.
 Invoicing to the customers, Inter-company reconciliations, Back charging, Banking & insurance activities, open letter of credit & guarantees.
 Prepare project cash flow forecast, Job costing reports, Variance Analysis etc.
 Prepare policies and procedures in line with head office, management reports and weekly/monthly financial reports in accordance with IFRS.
 Evaluated and enhanced Internal Control effectiveness & Compliance and made recommendations to the management.
 Coordinates and facilities project management, in conjunction with the contractors and sub contractors of the project.
 Controls the overall project the expenditure and schedule.
 Implement necessary cost controls, ensuring ways to reduce cost, improve margins and efficiently manage cash flows.
 Reports the progress versus the plan to the project management on a monthly basis and communicates critical project changes.
 Maintain and monitor department-wise expenditure, and evaluate the adequacy and effectiveness of financial/operational controls and recommended correction on control deficiencies and improvements in operational efficiencies.
 Review financial performance and highlights deviations, and advised department managers on corrective action required.

Worked with Noell-LGA Gastechnik GmbH, a Multi-national company of the GERMAN PREUSSAG Group of Companies active as Engineers and General Contractors in the field of Oil & Gas Technology (EPCC). Mainly worked for the ADNOC FOD Project called ‘Multi-Product Storage and Distribution Depot.’, Abu Dhabi, a 400 Million Project.

Responsible for reporting to the Head Office in Germany, project progress invoicing, retention’s and payment certificates to the clients, back- charging sister concerns, cash-flow forecasts and all credit lines and banking activities, deposits, open Letter of credits for local & foreign Suppliers, inventories, fixed assets, cash related reports, payroll, all financial correspondence, processing data and preparing budgets with the Project Managers, attended Auditors M/s. PriceWaterHouse Coopers.

Worked with one of the leading constructions firms in Abu Dhabi as Project Accountant. Preparing Job Budgeting, Job Profitability report and Progress Invoicing with the help of Project Management. Handled Letter of Credits and Letter of Guarantees, Sub Contractors Advance Payments, Retention’s and Payments, Bank reconciliation, making monthly financial statements, reporting to the management, attending the auditors M/s. Arthur Anderson and preparing various schedules for them etc.

Worked with one of the leading Joint Venture Piling Contracting Company in Abu Dhabi. Assigned for computerising the Accounts Department, which was successfully completed. Preparing vouchers, checking data entry reports, Fixed Asset schedule, and processing monthly data, taking monthly reports, checking and verifying with Chief Accountant, attending to the auditors M/s. Arthur Anderson, reporting to the management etc.
Designed and developed new software for the ‘Enquiry System’ in DBASE IV with SQL.

System designed, programmed and implemented computerised financial accounting system DBASE IV.

Making data entry for the accounts, checking the data entry reports with corresponding vouchers, rectifying the errors, processing the monthly reports for the branch sales analysis report, agency sales analysis. Preparing trial balance, income statement, history of general ledger accounts, balance sheet etc. Developed new software for the ticketing system, which can produce airlines sales report, commission report, and sales analysis of different airlines, branch report and agency.