Senior Project Accountant
WorleyParons Arabia Co. Ltd.
Total years of experience :15 years, 6 Months
• Responsible for Monthly closing of Accounts, review Profit & Loss and Balance sheet and after finalization report the same to the Project Manager and Head Office.
• Liaise with Invoicing Department for monthly WIP (Unbilled Revenue) and subsequently follow up for WIP conversion to invoicing every following month; and note the impact of WIP conversion (i.e.) under/over.
• Through knowledge of MPP Invoicing and its calculation of all elements nationality wise & currency wise such as (Burdens, Other Personal Cost (OPC), Entitlement and Social Benefits (ESB), Catering & Accommodation (C&A), SAPMT Office Space & Specific Transportation)
• Responsible for Monthly HOURS analysis for Budget Vs. Actuals, ascertain the reason if deviates and report the same to the Project manager and Head Office.
• Supervise and overseeing the monthly journal entries of AP, AR & GL and approve the same for posting.
• Coordinate with Accounts Payables & Treasury Team at Head office to disburse the vendor payments on weekly basis.
• Maintain All Assets, Pre-payment schedules and amortizes & depreciates accordingly on monthly basis.
• Maintain Monthly tracking of Withholding Tax (WHT) and its payment with coordination of Auditor’s and seeks the help if needed.
• Prepare Weekly summary of Cash flow.
• Provides Data to Internal & External Auditor’s (Statutory, DZIT & Client Audit) as and when required and coordinate with them for queries and clarifications.
• Prepares Intercompany reconciliation entity wise (Receivable/Payable) on monthly basis to avoid the inter-companies mismatches.
• Do reconciliation on Monthly basis for Costing and Revenue after cut off to make sure that the Costing and Revenue are being done accurately.
• Maintain a Track of re-occurring expenses and provides necessary Provisions/Accruals accordingly for Labor & Non-Labor.
• Carried out Pass thru reconciliation of cost & Revenue (Nil Margin) to be in line, simultaneously create an accruals vice versa if required.
• Have successfully done the MPP Client Audit twice and recover the significant amount from Aramco.
• Responsible for monthly analysis of cost & revenue for mega projects such as Saudi Aramco Mobil Refinery (SAMREF), Rastanura Oil Refinery etc. and make monthly provision for Cost/Revenue for pass-through if needed.
• Responsible for upload the financial statements of all projects & entities to WorleyParsons Hyperion FDME & Enterprises.
• Responsible for Hyperion monthly & half year end schedules such as (Debtor’s, Creditor’s, Cash Management, and Revenue etc.) for Saudi group and allocation of corporate overhead to various customer sector group (CSG).
• Responsible for client audit reconciliation with regular interval to ascertain whether the cost is over/under recovered.
• Debtor’s Sales Outstanding (DSO) calculation statistics provides to management on monthly basis.
• Monthly analysis of Debtor’s Aging & follows the payments if it exceeds the credit limits and makes provision if the debtor’s are doubtful.
• Responsible for Monthly analysis of WIP Aging (unbilled revenue) & make sure that WIP should be converted into Invoicing in the following month.
• Supervise and overseeing the monthly Accounts Receivables Journals and approve as well for posting.
• Responsible to get the management’s approval if the debtors are to be written off.
• Responsible to coordinate with other Worley entities for Debtor’s balances to avoid mismatch.
• Responsible for monthly deferred revenue amortization.
CompuSoft Co. Ltd. is a Leading Business Solutions Provider in the Kingdom of Saudi Arabia offering top of the line solutions from Microsoft and quality services proven by the company’s which comprises of small, medium and large companies in different industries across the kingdom. (www.compusoftsa.com)
• Responsible for daily transactions, prepare, maintain and reconcile the ledger accounts.
• Responsible for Bank transfer’s to and fro from clients.
• Process invoices for payment and enter the same in accounts payable transactions. Perform monthly account reconciliation.
• Responsible for petty cash control.
Verify necessary approvals are obtained before payments.
• Formats design in MS-Excel for company as and when required.
• Responsible for preparation of Invoices, Receipt voucher and Delivery notes.
• Additional special assignments or responsibilities, as required
• Responsible for maintaining client accounts to ensure that the payments are obtaining on proper schedule up to finalization.
• Maintenance of correspondence & accounts filing.
July '99 To June 2001
Al-Rasasi Internatioanl Trading Co. (L.L.C.), Dubai, U.A.E.
Organisation Type: Trading & Manufacturing
Position: Accounts Assistant
Company Profile: UAE based trading & manufacturing company with major operations in UAE & middle-east which is renowned for Cosmetics & Perfumes with over 750 employees and 25 outlets (www.rasasi.com)
• Responsible for preparation of Sales journal entries
• Responsible for preparation of Bills receivable & Stock verification thru manufacturing dept.
• To ensure that quarterly closing schedules are followed to organize and conduct physical verification of stock
• Preparation of weekly & monthly sales collection report
• Responsible for maintaining the petty cash for corporate office
• Preparation of customer accounts for corporate office & 17 Retail outlets
• Preparation of custom invoices for departure of goods from free zone area to Gulf countries
• Maintenance of Accounts filing of all outlets
• Responsible for all the showrooms requirements through courier & coordination with the showroom to ensure that the goods are delivered on time
Pursuing C.M.A. (Part-II) IMA Membership No: 7480311 Bachelor of Commerce (B.Com) (Osmania University) COMPUTER LITERACY: Applications: Ms-Word, Ms-Excel, Ms-PowerPoint. Other Applications: Oracle Hyperion System, Oracel e-business Suite, Microsoft Dynamics Ax, Focus