Financial Analysis Assistant General Manager
Khalda Petroleum Company
Total des années d'expérience :27 years, 0 Mois
• Cost Analysis.
• Budget variance analysis.
• Management information preparation and review.
• Invoices charges revision and approval.
• Preparing partners special reports and infrequent requests regarding costs.
• Comparing cost trends over periods (months/ quarters / years).
• Recommending chart of accounts updates.
•Task force mission to reduce the balances of AR (succeeded to reduce the AR balance from 9 MM to 6 MM and the balance of the Advance payment from 127MM to 70MM.
• Assisting in Designing the Chart of Accounts
• Assisting in implementing Oracle.
2007-2014: Costing Department Manager, Khalda Petroleum Company.
Responsibilities
• Supervising two employees
• Comparing Actual VS estimate costs and investigating variances.
• Reviewing Accrual entries and Accrual reports
• Reviewing month end reports to partners (EGPC and Apache)
• Reviewing allocation reports received from various departments
• Preparing response to audit findings (EGPC, Apache, KUFPEC, RWE, and Central Accounting Organization)
• Reviewing General Ledger and Trial Balance.
• Running Allocation program
• Reviewing Revaluation entries.
• Updating Chart of Accounts as needed
• A member in Social loan committee.
• A member in Finance bids subcommittee.
• Follow up on Concession Agreements (17 concessions) and side agreements applications
• Reviewing well status according to EGPC advice (recoverable or non-recoverable).
• Establishing new concessions books.
• Preparing month end reports to partners.
• Preparing Accrual entries
• Preparing monthly allocation
• Preparing response to audit findings (EGPC, Apache, KUFPEC, RWE, and Central Accounting Organization)
• Reviewing General Ledger and Trial Balance.
• Preparing Revaluation entries
• Reviewing joint accounts.
• Basic book keeping (invoices, deposits, clearance, miscellaneous and write off entries).
• Preparing month end reconciliations for Receivable Accounts.
• Applying strict follow up on aged Receivables.
• Preparing prepaid installment entries.
• Preparing bidder deposits entries.
• Follow up on advances
• Basic book keeping (all types of entries).
• Reviewing invoices and issuing checks.
• Preparing Bank Reconciliation.
• Dealing with banks (letters of credit and letters of guarantees).
• Making Daily cash safe inventory.
• Preparing control accounts reconciliations.
Diploma in International Financial Reporting
Certified Management Accountant
Diploma in Finance and investment
Bachelor of Commerce
