Project Financial Controller supervisor
Saudi Telecom Company ( STCS )
مجموع سنوات الخبرة :18 years, 7 أشهر
Prepare statutory accounts in accordance with IFRS and KSA GAAP
•Prepare the chart of accounts, and trial balance, and maintain records and ledgers for all financial transactions of the project
•Prepare payments for vendors, and collect checks from customers, and manage the cash flow of the project
•Liaise with both internal auditors, and external auditors
•Liaise with tax consultants for timely tax filing, and coordinate with the tax consultants regarding tax strategy, and planning
•Prepare cash flow reports in coordination with the cost consultants, and heads of departments for preparing updated forecasts
•Cash management of the project, and accurate cash flow forecasting
•Prepare budgets, for both operations and development activities, and prepare budget reports
•Reconcile the records with vendors and clients on a timely basis
•Prepare bank reconciliations on a monthly basis
•Assist in implementing the accounting system for the project, in coordination of the group accounting system implementation
•Prepare policies and procedures for the project in coordination with the group policies and procedures
•Assist in hiring and leading the finance team of the project
•Prepare cash calls from partners, and prepare partners accounts
•Coordinate with the banks for drawdown of loans, and reporting on covenants
•Prepare P&L forecasts for the project as part of the corporate model forecasting of the group
•Prepare miscellaneous reports as requested by management
supervising employees in finance departments.
• Forecast cash flow positions Budgeted Vs Actual.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
• Manage the preparation of the company's budget
• Report to management on variances from the established budget, and the reasons for those variances.
• Maintain banking relationships
• Maintain a documented system of accounting policies and procedures
• Manage outsourced function.
Responsible for monthly, quarterly & year-end closing through SAP BUSINESS 1.
• To Finalize the Monthly Consolidated Accounts of Project, Manpower, Contracting Division,
• Supervise the Account Department.
• Posting the Data into Gl Monthly.
• Making the Budget Cost Sheets of Projects.
• Disbursements of Finance to projects according to the Budgets cash out flow.
• Making projected & Actual, Cash Flow statements.
• Laisse on with Banks for Different Short term and long term financing facilities.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
• Maintain banking relationships
• Assist in determining the company's proper capital structure
• Arrange for equity and debt financing
• Invest funds
• Manage the preparation of the company's budget
• Report to management on variances from the established budget, and the reasons for those variances
• Assist management in the formulation of its overall strategic direction
• Engage in ongoing cost reduction analyses in all areas of the company
• Review the performance of competitors and report on key issues to management
• Engage in benchmarking studies to establish areas of potential operational improvement
• Interpret the company's financial results to management and recommend improvement activities
• Review company bottlenecks and recommend changes to improve the overall level of company throughput
• Participate in target costing activities to create products that meeting predetermined price goals
• Assist in the determination of product pricing in relation to features offered and competitor pricing
• Compile key business metrics and report on them to management
• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
• Create additional analyses and reports as requested by management
I am based at the head office and main areas of responsibility include.
•Major Duties and Responsibilities
Responsible for supervising the overall accounting activities (GL, AP, AR, FA, Payroll, & Cost Accounting) and provide approvals on their transactions based on Delegated Level of Authority
Ensure that adequate financial and internal controls are in place for all activities relating to the accounting functions.
Perform month-end closing process, including review of GL entries, preparing accruals, and other closing journals as necessary.
Close periods after approving all journal entries and open the next one and ensure that the periodic account closing activities are done on a timely and accurate basis.
Supervise the General Ledger accountant while performing General Ledger activities through:
Approve journal vouchers and batches for entry of financial transactions into the General Ledger.
Follow up and investigate journal vouchers with missing information related to sources.
Maintain integrity of general ledger and Chart of Accounts and open new GL Accounts as necessary.
Supervise the Accounts Payable accountant while performing Account Payable activities through:
Approve payments vouchers as per approved limits specified in the Delegation of Authority Matrix.
Supervise and approve the matching of invoices, purchase orders and receiving reports and investigate reasons for mismatches.
Supervise the Account Receivable accountant while performing Account Receivable activities through:
Supervise and approve the process of issuing customer/tenants invoices.
Ensure the proper integration and generation of collection entries.
Ensure defining and maintaining a complete, accurate, up to date customer records.
Supervise the Fixed Assets accountant while performing Fixed Assets activities through:
Ensure the proper tracking, recording and control of fixed assets at Corporate.
Ensure that required physical inventories, write-offs, as required for fixed assets.
Ensure that proper computation of depreciation on fixed assets is performed. Maintain adequate audit trails to permit tracking a transaction from beginning to completion to allow for the detection and correction of errors that arise.
Supervise the Payroll accountant while performing the Payroll activities through:
Audit and approve payroll sheets payment before obtaining final review and approval from the Director of Finance to process corporate office employee salaries.
Ensure correct deductions, reimbursements for employees as required.
Supervise the Project & Cost accountant while performing the Project & Cost activities through:
Supervise the entering of expenses to be charged to ongoing construction / other projects and ensure the completeness, accuracy and timeliness of accounting data being posted to the general ledger..
Supervise Costing & Project Accountant in calculating project direct cost & allocating direct cost.
Supervise creation of cost reports on per-unit or total basis for the department or working unit. (e.g. mechanical maintenance, electrical maintenance).
Review and approve cost reports (on fixed or variable costs) and submit to Financial Controller with analysis.
• Analyzing the Customer portfolio.
• Analyzing the financial statement and recommendation for improvement.
• Performing the internal Audit Activities.
• Monitoring the Daily purchase and payment Vouchers.
• Monitoring daily sales and receivables ageing
• Developing and monitoring the internal control system.
• Liaison with sale manger to analyzing the sale.
• Supervising and monitoring the all Documentation relating to sale, purchase,
• Supervising the Bank reconciliation.
• Supervising all PO and Corresponding with customer and Supplier.
• Monitoring all invoices to customer .
• Preparation of Monthly Management Accounts with KPIs and Ratio Analysis.
• Preparing Cash Flow Monthly and Fore coasted
• Data validation, creation of accounting in AP, AR & GL module of ERP Oracle 11i.
• Monitoring invoicing, payments.
• Transfer of data from AP & AR modules to GL & its posting.
• Supervising and monitoring daily accounts department activities. Liaison with banks and handling all banking matters
• Calculating mark up on long term and short term facilities.
• maintain and prepare the monthly cash flow Statements
• Supervision of Monthly stock taking.
• Evaluates and provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will
• Enable the organization’s objectives and goals to be met.
• Supervising the Monthly Bank Reconciliation And Daily Bank Position
• Preparation of Monthly Management Accounts with KPIs and Ratio Analysis.
• Preparing Cash Flow Monthly and Fore coasted
• Data validation, creation of accounting in AP, AR & GL module of ERP Oracle 11i.
• Monitoring invoicing, payments.
• Transfer of data from AP & AR modules to GL & its posting.
• Supervising and monitoring daily accounts department activities. Liaison with banks and handling all banking matters
• Calculating mark up on long term and short term facilities.
• maintain and prepare the monthly cash flow Statements
• Supervision of Monthly stock taking.
• Evaluates and provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will
• Enable the organization’s objectives and goals to be met.
• Supervising the Monthly Bank Reconciliation And Daily Bank Position
• Verify Quantitative reconciliation and stock valuation.
• Evaluating potential risks and advising management of remedial action costing for valuation of Inventories.
• Vouching of sales and sales tax invoices for local sales and exports.
• Vouching of fabric purchases and release of payments to suppliers.
• Physical Stocks verification.
• Physical verification of Fixed Assets
• Booking the accrual of Mark up in GL Module of Oracle Financial 11i
• Bookkeeping of Fund Transfer.
• Bookkeeping of Leases
• Preparing Monthly Bank Reconciliation.
• Monthly Stock Count
Certified Financial consultant(CFC ) USA
its an ACCA Qualification Professional certification for professional Certified Chartered Accountant.
ts a M.com(Master in commerce dgree issued by Higher Eduvcation of paksitan)
B.com Punjab university
it was pre enjnering FSC