Finance Director - ITCC/KAFD Projects
Saudi Telecom
Total years of experience :22 years, 5 Months
Prepare monthly reporting of financial statements of projects.
Review and finalize Annual budget of Projects.
Review reporting on financial position and performance and comparisons with actual Vs Budgets.
Review regular reconciliation of work orders, invoices and balances with the contractors, customer and STC EBU
Finance.
Monitoring & interpreting cash flows and predicting future trends.
To look after all the revenue related reports of the company.
Review all Customers’ invoices after confirming from payment plan from the Contract.
Review Suppliers work orders after confirming from payment plan from the Contract.
Managing, accounting and regularly monitoring Operational Budget (OPEX) of the project.
Monthly Reporting includes;
1. Actual versus budgeted analysis
2. Reporting of financial results
3. Customer Collection Report
Ensure Compliance of the Contract with the Customer and Contractors and indicate probable non-compliance.
Liaison with the external auditors for any query related to the ITCC/KAFD project.
Preparation of finance related policy and procedures manual for New OPCO.
* Engaged to ensure that these policies and procedures are comparable to the STC group policies and procedures.
* New projects and prepare Pricing Model for it
* Assist Advisor to V.P Mega Project for the Pricing Model of IPSO Project.
Job Responsibilities are as follows:
Prepare monthly reporting of financial statements of projects.
Prepare reporting on financial position and performance and comparisons with actual Vs Budgets.
Regular reconciliation of work orders, invoices and balances with the contractors, customer and STC EBU
Finance.
Monitoring & interpreting cash flows and predicting future trends.
To look after all the revenue related reports of the company.
Prepare Customers’ invoices after confirming from payment plan from the Contract.
Prepare Suppliers work orders after confirming from payment plan from the Contract.
Managing, accounting and regularly monitoring Operational Budget (OPEX) of the project.
Monthly Reporting includes;
1. Actual versus budgeted analysis
2. Reporting of financial results
3. Customer Collection Report
Ensure Compliance of the Contract with the Customer and Contractors and indicate probable non-compliance.
Liaison with the external auditors for any query related to the ITCC/KAFD project.
In addition to my above responsibilities, I was engaged in the following:
Preparation of finance related policy and procedures manual for New OPCO.
Engaged to ensure that these policies and procedures are comparable to the STC group policies and procedures.
Engaged to prepare and present research paper to elaborate an accounting practices and requirements of local and international accounting standards i.e. SOCPA and IFRS.
Understand new projects and prepare Pricing Model for it.
Assist Advisor to V.P Mega Project for the Pricing Model of IPSO Project.
Managing audit engagements-Planning, execution, budgeting, monitoring, staff planning etc
Project management skills; plan, manage and priorities work and complete tasks on an accurate and timely basis and within budget
Good analytical, financial appraisal, interpersonal and ability to handle multiple tasks and meet deadlines and targets
Delegating work to assistants, supervising and reviewing of work performed by them.
Reviewing of financial statements to ensure compliance with relevant disclosures requirements as per the International Accounting Standards or IFRS and other rules, regulations and laws.
Finalizing of financial statements along with the covering letters to the Board of Directors.
Issuance of management letter to the client’s management, highlighting weaknesses in Internal Controls
Member of Practice Review team who is responsible to check the compliance of all engagements with policies and procedures of Deloitte.
Reviewing the work performed by the internal audit teams and prepares report on that basis which includes the impacts of the findings and recommendations to resolve the exceptions. (Specific to ERS experience).
Follow up the internal audit observations and its recommendations. (Specific to ERS experience).
+ Managing audit engagements-Planning, execution, budgeting, monitoring, staff planning etc
+ Project management skills; plan, manage and priorities work and complete tasks on an accurate and timely basis and within budget
+ Good analytical, financial appraisal, interpersonal and ability to handle multiple tasks and meet deadlines and targets
+ Delegating work to assistants, supervising and reviewing of work performed by them.
+ Reviewing of financial statements to ensure compliance with relevant disclosures requirements as per the International Accounting Standards or IFRS and other rules, regulations and laws.
+ Finalizing of financial statements along with the covering letters to the Board of Directors.
+ Issuance of management letter to the client’s management, highlighting weaknesses in Internal Controls
+ Member of Practice Review team who is responsible to check the compliance of all engagements with policies and procedures of Deloitte
+ Provided an on-site co-ordination role for audit clients including planning, day to day control of the audit team, liaising with clients and completing audit assignments.
+ Leading and management of fieldwork on clients, liaising with other departments to ensure smooth delivery of the Audit process
+ Reviewed the system of internal control of clients and drafted reports on weaknesses in Internal Control and compliance of management policies also with implications and recommendations.
+ Performance of extensive analytical reviews using trend analysis, peer company analysis.
+ Performed test of controls, substantive procedures (Test of detail and Analytical) on both Banking and Non-Banking clients.
+ Drafted financial statements, audit reports and management letters independently
I worked in the multicultural and professional environment of Deloitte Dubai (DTT U.A.E) on secondment basis, from December 2005 to April 2006, applying the latest audit practices and methodology in a fully computerized environment and have handled the full scope audits of the following major clients:
+ Kone (Middle East) LLC
+ Valmont Middle East FZE
+ Dammac securities LLC
+ Gulf hills & knewlton WLL
+ Mohammad Al Moosa Group (Real Estate)
+ Al Ghurair Foods
+ Apparel Group
Job Responsibilities
+ Provided an on-site co-ordination role for audit clients including planning, day to day control of the audit team, liaising with clients and completing audit assignments.
+ Leading and management of fieldwork on clients, liaising with other departments to ensure smooth delivery of the Audit process
+ Reviewed the system of internal control of clients and drafted reports on weaknesses in Internal Control and compliance of management policies also with implications and recommendations.
+ Performance of extensive analytical reviews using trend analysis, peer company analysis.
+ Performed test of controls, substantive procedures (Test of detail and Analytical) on both Banking and Non-Banking clients.
+ Drafted financial statements, audit reports and management letters independently
+ Reviewed the system of internal control of clients and drafted reports on weaknesses in Internal Control and compliance of management policies also with implications and recommendations.
+ Performance of extensive analytical reviews using trend analysis, peer company analysis.
+ Performed test of controls, substantive procedures (Test of detail and Analytical) on both Banking and Non-Banking clients.
+ Drafted financial statements, audit eports and management letters independently
Member of Pakistan Institute of Public & Finance Accountants from 2006
Member of Institute of chartered Accountants of Pakistan from the month of October 2006
Licentiate member of Institue of Corporate Secretaries of Pakistan from 2005