Cost Accountant
Wood Group PSN
Total years of experience :18 years, 6 Months
•Monitor time sheet entry on weekly basis through online based timeweb.
•Ensure to charge to the respective tasks as per the agreement to help project accountant for correct billing.
• Scan all AP invoices charging to respective project codes and send to Aberdeen based AP process center for upload in Oracle.
•Complete all ledger reconciliations (Subledger vs GL) and upload to share point.
•Proper coding of intercompany invoices and resolve any inter company variances before AP cut offs.
•Prepare weekly man hour utilization report on project basis for evaluating and decision making to senior management.
•Process expense claims and petty cash vouchers.
•Ensure to upload all accruals before month end cutoff and ensure to close the period as per time table.
•Preparing different project analysis for management decision making.
Project Cost Analyst
Reporting Responsibilities:
•Preparing different project analysis for management decision making.
•Report deviating projects in budget Vs actual analysis and find the reason of deviation comparing the materials delivered with approved BOQ (Used advanced functions in MS Excel.
•Raise variation and alert the respective engineer about the deviation.
•Controller of more than 200 projects of Abu Dhabi Branch worth nearly AED-2 Billion.
•Prepare periodical reports like list of running projects, return analysis, project cost analysis, projects profitability reports, fixed asset reports etc.
•Assist project auditors in study and inspection with different reports like material, manpower, drawings details.
•Preparing other reports like sales order details, customer ageing, in excel and oracle.
Oracle & Other Responsibilities:
•Super user of 14 modules in Oracle 12i Financials of two organizations.
•Release project sales orders checking with approved BOQ and profitability.
•Release supply sales orders checking with LPO and payment terms.
•Process fixed asset through fixed asset module and maintain log file for the same.
•Assist purchase department with technical issues related with order management and inventory.
•Monitor the batch updating of project labors in project module.
•Prepare Miscellaneous batches for rectification entries, average cost updation, manual Journal entries.
•Check the project returns with material delivery return form.
•Reconciliation of reserves and GL.
As General Accountant
•Receive, check and process all purchase invoices after taking all approvals through Oracle 12i Financials.
•Prepares payment voucher through Oracle and forward to senior accountant for validation.
•Costing report analysis of all projects.
•Monthly reconciliation of 10 Bank accounts of company.
•Run supplier ageing report as category wise and project wise for monthly payment plan.
•Reconciliation of supplier statement with our ledger.
•Assist senior accounts manger in monthly closing of books through allocation, provision, and amortization.
•Coordinate with purchase for smooth payment processing and maintains good relation with suppliers.
•Prepares all other MIS reports in excel as required by management.
As Project Cost Accountant
•Implement an effective process for actual cost calculation as per cost plus procedures for Hydra Avenue project in Reem Island Abu Dhabi and recover long pending receivables from client.
•Responsible to update all invoices and D/N’s on daily basis delivered at project site in Peachtree Accounting Software on the basis of different WBS (Work Breakdown Structure) and CBS (Cost Breakdown Structure).
•Submit invoice for actual claim on quarterly basis.
•Updating all expenses like site expenses, consumables, petty cash etc in Peachtree on daily basis.
•Updating the daily manpower details in Peachtree on different WBS.
•Controlling and monitoring the daily issue and receiving of materials in store at site.
•Responsible for updating subcontractor invoices, hire equipment charges and other Overheads in Peachtree on monthly basis.
•Monitoring entire operations of site stores.
•Responsible to send the daily, weekly and monthly cost reports to client and consultant.
•Assisting QS team to submit the actual cost on quarterly basis as per BOQ.
•Analyzing and comparing the monthly actual cost report of Oracle from Head Office and daily cost report of Peachtree for actual submission.
1.Coordinated with sales and logistics team to ensure timely and accurate billing.
2.To manage the preparation of invoices to different location in all over India this crosses USD 30 Million/Annum through Oracle 11i E-Business Suite.
3.Responsible for sending weekly, monthly and quarterly billing reports to CFO and Accounts Receivables manager.
4.Responsible for recording the daily receipts and same to ensure deposits on daily basis in banks.
5.To settle the long pending receivables from defaulted customers by negotiating with all relevant proofs.
6.Assisted in the development of accounting and financial control procedures in the implementation of Oracle 11i localization.
7.Controller of Credit Limit Statement.
8.Worked in accounts payable team as accounts assistant.
1.Entries of Bank dealings (deposits, with drawls, interest and other clearance).
2.Step up all the documents which are helps to buildup the accounts and Analyze Vouchers and Bill books.
3.Preparation of day book as well as ledgers.
4.Accounts receivables and accounts payables.
5.Clear the payroll.
6.Finalization (Trading, Profit & Loss A/c, and Balance sheets).
7.Preparation of weekly monthly reports that helps for decision making.
8.To provide proper guidance to the clients which they have to build up better business and cut their costs.
9.Preparation of returns and clear all the tax procedure for the concerned companies.