Project Financial Controller
Control & Applications Emirates
Total des années d'expérience :17 years, 2 Mois
• Complete end to end financial control of the multi-million dollar projects
• Responsible for implementation and review of financial controls to ensure profitability and cost control
• Performing monthly analysis e.g. Summarized Project Profit & loss, actual vs. budget analysis, variance analysis, etc
• Monthly closing of books and reporting to the relevant stake holders e.g. Operations Managers, Project Managers, Finance Director and CFO
• Coordinating with a team of personnel distributed in procurement, payables and site finance
• Controlling the subcontractors and their costs involved in the deliverance of projects
• Support most aspects of accounting management (Billing, Accounts Payable, L/C, Bank Guarantees, bank facilities, bank reconciliation, cash flow management)
• Preparing accurate and timely financial reports for effective control of project and budget to management and Project Team.
• Reconcile, analyze, compile, and review financial information and accounts to determine accuracy of financial transactions
• Monitoring Project Cash flow & budget, making updated projected cash flow and budget cost. Preparation of cost to complete report and making variance report
• Report to the Project Manager on the cost control of the General Conditions as well as overall project costs as they relate to budgeted amounts and their impact on project profitability.
• Preparing and submitting monthly operating statements report to the management. It gives current and forecast commercial performance of the projects.
• Preparing and submitting monthly progress billing to client based on progress certificate given from Project Team.
• Reviewing employee timesheets Overtime & ensuring all the hours charged to correct project.
• Calculation of revenue and Updating Revenue and Forecast cost in ERP AX module.
• Preparing monthly cost accrual to the project.
• Coordinating with Project Manager for cost forecasting and budgeting of revenue.
• Provides accounting assistance to project managers and operations staff; responds to financial questions/concerns to meet business needs.
• Investigate project variances with help of PM and submit variance reports to management
• Liaise with Auditors and provide information as necessary.
• Preparing letter of credit for supplier and preparing bank Guarantee for customer and reviewing supplier/subcontractors bank guarantee
• Liaison with suppliers/sub-contractors to negotiate payment terms, monitoring & maintaining LPO & all subcontractor agreement.
• As a senior member of the finance team, proactively participate in finance team activities and meetings ensuring a close integration, sharing information and developing others.
Monthly Payment Application and Invoicing for major and minor projects.
•Follow up and collect the payments from clients.
•Verifies invoices of subcontractors/Suppliers in accordance with the subcontract agreement, purchase orders and work related to all projects as well ensuring that all invoices are properly coded.
•Prepares the Monthly payment certificate and Final account for subcontractors /suppliers
•Reviews Financial Clauses of Contact agreement and subcontract agreements.
•Review and analyzing the draft contract document in contractual, financial and technical angle and generate required reports.
•Preparing and submitting monthly operating statements report to the management. It gives current and forecast commercial performance of the projects.
•Resolves day to day issues on financial aspects with all projects contractors or suppliers.
•Fully involved in contract negotiation, award and contract administration.
•Prepare detailed breakdown of items in bill of quantity for pricing, preparation of monthly payment application.
•Direct cost estimate based on project specification.
•Preparing cost sheet and backup documents for variation claim and acceleration cost claim.
•Preparing Cash flow statement and budget forecasting for the project.
•Maintains custody of all original documents contract agreement bank guarantees etc
as a part of sales team and assisted the organization in increasing the sales by collecting more than 1000 data base and many leads to the organization during the stay. Prepared daily sales report, assisted in internal and external auditing, prepared and maintained the customers database, accomplished following projects:
“A study on growth potential of health insurance products in Bangalore”
courses: Advanced Financial Management Advanced Marketing Management