Controls Accountant
Oryx GTL
Total years of experience :26 years, 8 Months
Within my Dept, I single handedly control all activities in the Accounting Department to ensure compliance with all International Accounting Standards, and Company Policy / Standards & Procedures. This is enabled by:
Delivering own Section’s KPI results and working with multiple levels to achieve these results
Working with Senior Management on implementation of Inter-Company Agreements (Gas supply, oxygen supply, catalyst supply), BOD resolutions, JV Agreements, MOU, Technical Service Agreement (TSA), TOFA
Technical restructuring of the corporate TOFA
Contributing towards Finance strategy, management reporting and performance management (QMOR, KPI, SSS, TOR, Action logs)
Managing the objective plan and increase the process of Purchase to pay processes by educating end-users and converting traditionally processed Sundry invoices to PTP
Performance management review reporting to the CFO, Managers, Heads and Accounting team presentations. Yearly KPI integration and rollout in Department
Project rollout, system (software) testing with IT & SAP team to integrate the end user requirement, training and buy-ins with respect to sustainability and continuous improvement (e-banking, group posting, internal clearing, Business Process Automation, Enterprise Content Management, SAP)
Month end reporting and root cause analysis of performance issues
KPI engagement, review, and performance management across the sections (Accounts Payable, Accounts Receivable, General Ledger, Fixed Assets and Payroll)
Translating KPI into actions and troubleshooting results with respective sections. Actual vs. target analysis, corrective action and periodical checks
Department risk assessment, contingency planning and business continuity process
Regular GAP analysis, root cause analysis and SWOT analysis
Conducting own internal audit and reporting on irregularities
Coaching team towards performance based function and process execution; Managing talent and recruiting new staff
Managing invoice efficiency, outstanding invoices, issue clearing by troubleshooting interdepartmental issues with cost center focal points
Validating accounts payable payments, authorize automated and electronic payment through online banking of multiple currency international remittances
Monthly trial balance review and control items for detailed analysis
Management of GRIR accounts and clearing / write-off of internal balances (2000+ items per month)
Managing Cost allocation, distribution & internal orders
Monthly GL Reconciliations & clearing of respective accounts
Ensure that relevant information is communicated to direct reports enabling them to effectively carry out their functions
Inter-Department Activities are as:
Contract management & administration (financial), paying according to payment policy, advance payments and clearing advance payment against receipt of deliverables, background investigation on post-factum activities
Inter-Department liaison and alignment of issues
Team building and solution brain storming with team; facility visit and operational support; interdepartmental coaching and training
IMS & Quality systems’ focal point, regular review and enhancement of department standards and procedures
Negotiation of interdepartmental and intercompany activities (agreement based implementation)
External Party Activities are:
Tax retention & payment at source to tax authorities; contractual retention & release
Audit support and documentation (internal, external, IMS, Joint Venture, BSI, ISO); conducting own Department’s performance and process audits
Audit observation follow up and timely closure
Focal Point for Accounting Dept, PCRS, IMS, Audit, Safety
External Auditor and Stakeholder relations
Setup and administered four International Joint Venture Projects (Qatar German Company for Medical Devices, Qatari Korean Knitting Company, Future Pipe Industries, Al Shams Lighting Project); setup the Accounting systems, and trained the staff at these JVs to branch out into independent operations.
Represent QDB as delegate on foreign assignments and local meetings.
Budgeting for the Bank * Organizational Change and Restructuring Team * ISO implementation and compliance * MIS Reports and financial statements to the Management * Fair Value and Revaluation Reserves
Managed a portfolio of about 200+ suppliers all over the world's demographic area. Local and international buying, verification, shipping, handling and delivery. Providing technical assistance on the preparation of quotations, tenders, purchase requisitions, price lists, etc. Verification of medical stocks.