Financial Controller
Saipem Taqa Al-Rushaid Fabricators Ltd.
Total years of experience :26 years, 11 Months
Prepare and maintain project cost control sheets and Management reporting. Initiate work activities and accept responsibilities to ensure completeness and accuracy of cost data during the life of the projects.
Role and Responsibilities:
Compile Daily Roster / Daily Time Sheet Man-hours from various sources.
Prepare IKTVA (In-Kingdom Total Value Added) report
Invoices processing
Vendors Liaison for disputes, discrepancies, milestone payments and invoices processing
Internal liaison with Finance / Procurement / HR / Admin, Operations, support units and MIS departments to maintain efficient & accurate recording of cost expenditure and manage discrepancies for preparation of accurate and complete cost reports
Monitor and update actuals headcount booked to project (PMT - Project Management Team and POB - Personnel On Board)
Collation of DPR (Daily Progress Report), POB (Personnel onboard) and MGO (Marine Gas Oil).
Compile and file up hardcopies of cost-related documents for project reference in a timely manner.
Any other miscellaneous task (Cost coding, PME miscellaneous expense and Logistic forecast, Etc).
Role and Responsibilities:
• Prepare Weekly and Monthly Progress Reports for the client (ARAMCO).
• Attending Weekly Progress Meeting with the client (ARAMCO) and record the minutes of meeting.
• Track and analyze different types of cost and report on the variances.
• Prepare Contract Status Report.
• Prepare Saudization Penalty Report.
• Prepare PMT’s Rotation/Vacation Plan (Schedule).
• Participate in preparing Internal Steering Committee Report and Meeting.
• Assist in setting up some company’s procedures when required.
• Assume the tasks of Project Accounting Manager when on leave.
Role and Responsibilities:
• Coordinating Technical proposals with Engineering Departments.
• Convert Technical Proposals to Commercial Proposals and communicate them to the clients.
• Calculate projects cost estimates and profitability.
• Monitor and analyze actual charged man-hours vs. estimates, investigate and report on the variances.
• Prepare Projects Status Report for the Work In Progress.
In-charge of Accounting Department.
In-charge of preparing Financial Statements.
Collections follow up with clients.
Role and Responsibilities:
• Prepare weekly reports for tracking sales, accounts receivables and client remittances.
• Analyze variances from forecasts and budgets, and take measures in case of deviations.
• Prepare Sales Invoices to Clients and follow up payments.
• Ensures compliance to the company’s policies and procedures and setting of related controls.
Cost Controller’s Main Tasks
Management control
Prepare a monthly report tracking sales, accounts receivables and client remittances.
Help draw up, analyze and prepare comments for the financial reports, budgets and business plans in conjunction with the Finance Manager.
Analyze variances from forecasts and budgets.
Develop performance indicators (KPIs).
Help set up management information system.
Supervising Fixed Assets Unit for the following tasks
• Supervise and validate the process related to Fixed Assets additions.
• Ensure that Fixed Asset Transfers are processed on daily basis.
• Communicate and validate the fixed assets write off process.
• Coordinate the inventories, process the results and perform enquiries when needed.
• Is responsible for the monthly closing of the Fixed Assets Module (Subledger).
• Update the explanation of Fixed Assets related accounts.
• Report monthly on the Fixed Assets Management System Key Performance Indicators.
• Suggest improvements/updates to the company fixed assets policies and procedures.
• On annual basis, review the Fixed Assets Manual and submit the suggested changes needed to the Finance Manager.
Prepares Sales Invoices to Saudi ARAMCO and Affiliates.
Compliance with standards
Must stay informed of all legal and accounting regulations that may affect operations.
Administrative Management
Help set up company accounting procedures and, if necessary, establish specific administrative procedure.
Ensure that administrative procedures are effectively implemented.
Relations with third parties and other departments.
Participate to the annual audit (financial statements, auditors report).
Provide assistance to the Finance Manager to answer questions posed by internal auditors.
Work in coordination with the Accounting Unit.
Work closely with Operations and Support Departments.
Fixed Assets Accounant’s Main Tasks
• Main actor in the process related to Fixed Assets additions.
• Handles Fixed Asset Transfer on daily basis.
• Participates in the fixed assets write off process.
• Assists the FAU Supervisor in processing the inventories results and performing enquiries when needed.
• Reports any malfunction in the Fixed Assets Management System.
• Files processed documentation.
• Updates Key Performance Indicators.
Wokred in most of the Accounting areas (recording of financial transactions such as Accounts Receivable, Accounts Payable, Fixed Assets, Inventory, Reporting, Reconciliations…Etc).