Financial Analyst - Business Analysis and Reporting
ExxonMobil Iraq Services Limited
Total years of experience :18 years, 6 Months
• Collation, analysis and preparation of Journal Vouchers for Operating Expenditures Accruals.
• Calculation, analysis, and reporting of Cash Operating Expenditures in monthly/quarterly Dataflex reporting cycles. And address AdHoc requests and activities pertaining to operating expenses.
• Reconcile Financial Statement Opex in FAST system, FAST Updates (Manual Input), FAST Project Support / Business Focus.
• Support Planning Advisor in cost estimation and categorization, work closely/alignment with Operations Accounting and Ad Hoc support during Company Plan development and Working Plan & Budget Updates.
• Collection of data for Debt Equivalent Reporting during Mock Close and actual Year End processes.
• Complete other reporting cycles such as quarterly and year-end Financial Statements, and Operating Lease and Audit Costs for plan and outlook budget.
• Other administrative activities like Record Management Guidelines and Business Continuity Plan contact, Representation Letter coordinator, Controls Catalogue, Independent Verification Process.
• Close coordinator of financial books monthly, quarterly, and during year end closing.
- Reviews incoming and outgoing transactions, bank payments, and required corrections.
- Stewards cost pool flow versus recoveries.
- Coordinates with Business Services Centers from different affiliates of the company globally.
- Completes the remaining tasks during close period such as accrual and reconciliation process.
• Provides monthly over/under recovery analysis to Planning Advisor and Controller.
• Assists on providing cost components reported for each service support centers. And extend support in preparing current year’s outlook and next year’s plan for selected service support’s costs.
• Prepares and submits Operations Accounting KPI on Open Items and BSAM Metrics.
• Provides recovery rate for next year’s plan/budget.
• Creates and coordinates job codes/cost centers which is consisted with current year’s plan and budget.
• Approves IDEAS Accounting System Access requests aside from the yearly access reviews of accounting systems used.
• Takes lead on new projects and UAT’s related to the affiliate’s accounting systems.
Selected duties from previous role are still included as deliverables by the current role.
• Handles inter-company transactions, both incoming and outgoing charges, from securing relevant back up to accurate recording in the ledger.
• Records transactional entries related to payables, banking transactions, accruals, depreciations and amortizations, corrections, and other month end entries.
• Prepares and submits financial highlights and cost pool data report for Operations Accounting Manager’s review.
• Reconciles balance sheet accounts. Maintains and updates supporting accounting schedules.
• Monitors and reports Capital Expenditures monthly.
• Prepares and coordinates World-Wide Service Lines Cost Report quarterly.
• Reviews Accounting System Access (IDEAS, TRIAD, and TSP).
• Other duties:
- Responsible for year-end activity such as Year End Roll in IDEAS and Mock DataFlex reporting.
- Maps different reporting cycles from IDEAS to SAP to DataFlex.
- Prepares BS Account Management Documents.
- Serve as Back-Up Coordinator to Time Sheet Professional.
- Deals and interacts with internal and external auditors.
- Prepares desktop process and procedures for each job activities.
• Preparing Daily Bank Reconciliation.
- Ensures books and bank records are in balanced.
- Accounts discrepancies and resolves unposted transactions, double posting, erroneous bank transactions and unknown billed charges.
• Preparing Commercial Invoices.
- Ensures completion of milestones and deliverables.
- Compiles all the necessary supporting documentation to the invoice/s.
- Monitors issuance of invoices to the clients. And handles collection of the same upon due dates.
• Handling of Accounts Payables.
- Tracks overdue outstanding vendors/sub-contractor’s invoices.
- Verifies completion of supporting documents as against raised Purchase Orders.
- Reconciles disputes and coordinates with respective Project Engineers.
- Attends to vendor’s and/or sub-contractor’s enquiries.
- Sends payment advice and payment status.
• Monitoring and updating of various schedules.
- Records and maintains accounting schedules such as Prepayments, Fixed Assets, Bank Guarantees, and Payroll.
- Registers and updates payment instructions, and checks issued for payment.
• Preparation of Financial Statements.
- Maintains and posts accounting entries for current month’s transactions to Tally 9 (Accounting System)
- Prepares adjusting entries, and closes financial year of the company’s books.
- Reviews Balance Sheet and Income Statement reports.
- Reconciles General Ledger as against Subsidiary Ledgers.
• Reporting to the Management/Directors.
- Reports monthly status of outstanding Accounts Payable and Accounts Receivables.
- Submits Profitability Report on operational projects.
- Reports Cash-In Bank balances every month. Most of the time, net cash balances are coordinated closely with the Operations Manager and Directors for budgeting purposes.
- Provides Financial Statements monthly, and as when requested.
• Oversees functions assigned to Accounting Staff.
• Coordinates and deals with External Auditors conducting field work and audit activities/examinations yearly.
• Other functions assigned:
- Prepares Local Purchase Order and Commercial Order.
- Facilitates business license renewal for both companies.
- Liaises with Insurance Broker Agent on renewal of Health/Medical Insurances.
Conduct regular audit of branches and Head Office units, and evaluate existing internal control and compliance with existing policies and procedures.
Supervise count of cash and other accountabilites.
Conduct and supervise investigation in cases such as hold-ups and other fortuitous events.
Attend coordination meetings with other units relating to internal controls and related matters.
Assist in developing a flexible annual audit plan.
Maintian professionl audit staff
Record all transactions related to Assets and Expenses on appointed branches.