Hassan Al-Shaikh, Financial Controller

Hassan Al-Shaikh

Financial Controller

Saipem Taqa Al-Rushaid Fabricators Ltd.

Location
Saudi Arabia
Education
Master's degree, Accounting And Control
Experience
26 years, 11 Months

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Work Experience

Total years of experience :26 years, 11 Months

Financial Controller at Saipem Taqa Al-Rushaid Fabricators Ltd.
  • Saudi Arabia - Dammam
  • My current job since March 2021
Cost Controller at Subsea7
  • Saudi Arabia - Khobar
  • March 2018 to March 2021

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).

Cost Engineer at Dynamic Industries Saudi Arabia
  • Saudi Arabia - Khobar
  • March 2017 to February 2018

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.

Senior Cost Control Analyst at Arabian Consulting Engineering Center
  • Saudi Arabia - Khobar
  • March 2013 to March 2017

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.

Chief Accountant at Prime Source Group
  • Saudi Arabia - Dammam
  • November 2012 to February 2013

 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 & Fixed Assets Unit Supervisor at Arabina Geophysical & Surveying Co.
  • Saudi Arabia - Khobar
  • September 2008 to November 2012

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.

Accountant & Fixed Assets Unit Supervisor at Arabian Geophysical & Surveying Co. (ARGAS)
  • Other
  • February 2003 to August 2008

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.

Accountant at General Contracting Company (Olayan)
  • Saudi Arabia - Khobar
  • June 1997 to December 2002

Wokred in most of the Accounting areas (recording of financial transactions such as Accounts Receivable, Accounts Payable, Fixed Assets, Inventory, Reporting, Reconciliations…Etc).

Education

Master's degree, Accounting And Control
  • at AMA International University of Bahrain
  • October 2007

Specialties & Skills

Microsoft Word
Key Performance Indicators
Accounts Receivable
Fixed Assets
Accounts Payable
MS Excel
MS Word

Languages

Arabic
Expert
English
Expert
French
Beginner

Training and Certifications

Effective Budgeting and Cost Control (Training)
Training Institute:
The Middle East for Economic & Management Development
Date Attended:
July 2010
Preparing Budget and Cash Flow (Training)
Training Institute:
Tagi Training Center
Date Attended:
November 2008
Cost Control (Training)
Training Institute:
Talal Abu-Ghazaleh Professional Training Group
Date Attended:
November 2009