Head of Operation Accounts, Plant Cost Controller
Qatar Petrochemical Company
Total des années d'expérience :22 years, 11 Mois
Project Cost Monitoring at QAPCO
Review the EPC budget, set up system to monitor the Project costs - work alongside the Major Project team to review milestones and relevant payments- set and review controls on Project costs
Cost Validation in SAP and Oracle EBS ERP systems
Key person in Finance to review Costing figures such as production of finished goods, by products, JV partners’ product reconciliation
Expert in finalizing the cost of finished products- variable costs, fixed costs, managing allocated costs using relevant cost drivers
Prepare standard cost estimates for the Products, setting up standard consumption, activity rate
Manage the monthly cost closure of Overheads, variable and fixed costs.
Risk Assessment
Has been part of the Risk Assessment Committee at QAPCO working on completion of Risk Register for Finance- Financial Risks and across Company - Business risks. Actively participated in completing the Bow Tie Analysis tool for Risk assessment.
Ensure good Corporate Governance by way of establishing Accounting Procedures, Standard Operating Procedures and Accounting Policies
Budget
Cost Center Budgeting and Capital Expenditure Budgeting processes
Production Budget is monitored based on Capacity Planning on Yearly basis and ensuring that variance analysis is done on Actual Vs Budget and reporting
Estimated Forecast to Budget to Actual
Stakeholder Engagement
Has been working with Joint Venture Management since long. Periodical reporting to Stakeholder, attending to the Stakeholders’ Audit were part of the job
Worked with JV partners from Europe, US and Middle East firms.
Operational Functions
Participate in Operations key decisions as a core member by managing cross functional relations with Operations, Maintenance, Engineering, Projects, HR, Legal and Treasury
Finalization of Accounts following IFRS
Streamline business processes and implement best practices across the organization
Manage and maintain the shared services/supply agreements
Information Technology (ERP implementations)
Leading the SAP FICO Implementation & led Oracle R12 pre and post live support ensuring clear cross functional system inputs. Oracle EBS user - 12 years / SAP - 2 years
Participate in strategic decisions on functions to achieve the best out of the ERP system
Ensure the Business transformation objectives and Change Management are achieved
Board Preparations
Drafting Board report, Resolutions, prepare presentations as required such as Budgets, forecasts, Cash flows and other special assignment
People Management
Manage people in a multicultural environment - training locals, staff
Achievements
Key Finance contact person, reduced the financial closing to 6 days from 15 days, improved the financial earnings in supply contracts review (2MUSD/annum), and changed shutdown timing to benefit in profits.
Experience in brief from Current
Company: QATAR PETROCHEMICAL COMPANY (QAPCO) - Manufacturer of Ethylene, LDPE
Position: Head of Operations Accounts (reports to CFO/Accounting & Reporting Manager) since Jan 2007 and currently assigned the SAP Implementation Project
• The position was newly created to manage all Operations related areas and contribute effectively in the Corporate Accounts, Cost and Management Accounts, Analysis & Reporting internal and stakeholders, Shared services costing and billing.
• Managed Budgeting, Projects, Costing, Finalization of Accounts, Special assignments, Reporting, Analysis, prepare Business Plan, comply with IFRS, Cross functional requirements
• Work closely with Internal Audit, Statutory Auditors, Government Auditors and Stakeholders Auditors to meet audit requirements and compliances
• Risk Management, Corporate Governance
•• The position was newly created to take over the Project closure and start off Operations
• Deal with Financial Institutions, meet Debt covenants, manage periodical reporting to FIs, Manage waterfall accounts,
• Economic evaluation of Projects, Financial modeling, prepare comparative study for project decision making with NPV, IRR, sensitivity analysis methods
• Prepare Board reports, cost variance analysis, Revenue analysis-Market vs Achieved
• Business Planning - long and short term including Cash flow forecasts
• Finalization of accounts, ERP implementation, Reports to stakeholders
Bachelor in Commerce (Cost Accounting elective), IFRS course completed, Sarbanes Oxley Certification, Oracle Financials 12.04 user, SAP/BO user, trained in SAP & Crystal Reports, above average in MS Office Professionally qualified Cost and Management Accountant (designated as CMA from the ICA, India)