Sr. Financial Analyst
Saudi Basic Industries Corporation (SABIC)
مجموع سنوات الخبرة :34 years, 1 أشهر
• Consolidate, challenge and produce global SFS plans and budgets (ambitious though realistic) in close co-operation with regional and global leaders in line with the SFS objectives
• Assist Global P&C team for overall Planning and Control activities
• Monitor, assess and challenge regional SFS performance vs. plan via regional monthly management report with (global defined) data / KPIs and CPR.
• Consolidate and produce management reporting to the global MT SFS team, SS PC and preparing the SFS part for the excom, user council and QPR with the CEO and any regular external or ad-hoc reports by work closely with and get input from regional P&C Controller
• Manage cost recharge process and allocation keys
• Working on the following projects of the department
Implementation of Management Accounting Report from legacy to EP Portal through Business Intelligence (BI)
Utilization of Management Accounting Report for all SABIC Affiliates
Improving data quality management of SABIC affiliates
Unified accounting treatment for accruals and other expenses
Common accounting treatment for Raw Materials/ Feedstock consumption
• Monthly Closing for books of accounts for SABIC Affiliates
• Monthly MIS Report
• Monthly department cost report
• Monthly variance analysis
• Reporting monthly KPI’s for the department
• Posting of manual vouchers in the system
• Manage the SAP authorization for GL & MR roles for other departments and SABIC Affiliates
• Member of SABIC Load Shedding Team.
• Calculation of quarterly Relative Loss Ranking (RLR) data for SABIC Affiliates in Jubail
• Bank Reconciliation for SABIC HQ
• Liaison with SABIC Affiliates during their Audit Requirements
• Liaison with the company’s external auditors
• Preparation of Annual Budget for Departments
• Zakat issues
Accomplished and responsible for the following:
· Monthly closing of books of accounts.
· Preparing periodic financial and management reports using downloads from SAP system.
· Production Accounting entries for Raw Materials and Utilities Consumption and Price Variances.
· Finished Products Inventory Accounting including valuations.
· Physical Inventory activities and write off’s/adjustments.
· Liaison with the company’s external auditors M/s Arthur Andersen & Co. and M/s Whinney Murray & Co. over the last four years.
· Established policies and procedures for the Fixed Assets and the General Ledger Section.
· Designed and set up management reporting system to monitor performance of the company in various departments. Report includes various profitability reports of the plants, cash flow statement, budget analysis, variance reports etc.
· Participated in SAP implementation Project as a member of SAP FI/CO team from legacy accounting system. This involved Business Process analysis and reengineering defining internal controls, implementation of the system, design and generation of management reports.
· Zakat matters of the Company.
Accomplished and responsible for the following:
· Monthly closing of books of accounts, accounts payable and receivables.
· Developed a policy to control customer receivables, fixation of individual ceiling of credit period and credit limit for effective check on bad debts, and for smooth collection of receivables. · Formulated a policy to control stock levels for 5000 items, giving due regard to fast moving, slow moving and non-moving items.
· Developed a policy to track purchases of Fixed Assets.
· Prepared periodic financial and management reports.
· Liaison with the company’s external auditors.
· Obtaining Bank Guarantees and Letter of Credits.
· Zakat issues
Joined initially as an Audit Assistant, and was promoted to Auditor, Senior auditor and finally Audit Executive position.
Duties and responsibilities included the following :
· Audit of big export houses with an annual export turnover of Rs.200-500 Million, and small and medium manufacturing and trading concerns, co-operative societies and banks. · Appearing before the Income Tax and Sales Tax authorities on behalf of the clients.· Formulated policies and procedures for Finance and Materials departments of some client companies.· Developed internal control procedures to control expenses and credit limit of customers. Designed documents and records accordingly for the clients.· Liaison with the client’s bankers for loans.· Obtaining Bank Guarantees and Letter of Credits from the banks for clients.
Basic and COBOL
Subjects Accounting and Auditing