Plant Controller
National Oilwell Varco
مجموع سنوات الخبرة :16 years, 9 أشهر
• Overall financial responsibility for the Manufacturing Plant - proper accounting is being followed in accordance with NOV’s corporate Accounting Manual
• Account reconciliations of all CIP, accrual, and prepaid accounts associated with the manufacturing plant
• Work closely with Plant Operation Manager on financial analysis to keep up with the business so that informed financial decisions and advice can be administered
• Prepare P&L statements throughout the month to compare actual plant performance compared to budget and Forecast
• Prepare monthly/quarter Commentry for P&L Statements and Balance Sheet
• Spilt operation expense cost between Business unit
• Motivate, communicate with, develop and performance manage staff to ensure they achieve best performance
• Monitor SOX compliance for the plant, including providing quarterly required documents to ledger controller.
• Maintain and prepare daily, monthly, quarterly, annual, and ad-hoc reporting to Plant Manager to assist in the successful operation of the facility
• With assistance from the Plant operation Manager, oversee all aspects of planning and forecasting for the manufacturing plant, including Mid-Year Plan
• Assist manufacturing in monitoring capital expenditures and ensure compliance with corporate spending and capitalization policies.
• Assist Ledger Controller with internal, external audits, IKTIVA and Local content
• Overall financial responsibility for the Manufacturing Plant - proper accounting is being followed in accordance with NOV’s corporate Accounting Manual
• Account reconciliations of all CIP, accrual, and prepaid accounts associated with the manufacturing plant
• Work closely with Plant Operation Manager on financial analysis to keep up with the business so that informed financial decisions and advice can be administered
• Prepare P&L statements throughout the month to compare actual plant performance compared to budget and Forecast
• Prepare monthly/quarter Commentry for P&L Statements and Balance Sheet
• Spilt operation expense cost between Business unit
• Motivate, communicate with, develop and performance manage staff to ensure they achieve best performance
• Monitor SOX compliance for the plant, including providing quarterly required documents to ledger controller.
• Maintain and prepare daily, monthly, quarterly, annual, and ad-hoc reporting to Plant Manager to assist in the successful operation of the facility
• With assistance from the Plant operation Manager, oversee all aspects of planning and forecasting for the manufacturing plant, including Mid-Year Plan
• Assist manufacturing in monitoring capital expenditures and ensure compliance with corporate spending and capitalization policies.
• Assist Ledger Controller with internal, external audits, IKTIVA and Local content
• Oversees the overall transactions and operations of fixed assets and inventories of the Manufuctring Ledger and Trading Ledger
• Supervised the tasks of the Accountant and Warehouse Section in all fixed assets and inventory related transactions
• Reviewed and verified the accuracy of journal entries and accounting classifications assigned to various records prepared by the Accountant
• Reconciled fixed asset subsidiary ledgers and resolved any resulting discrepancy
• Ensured that all inventory transfers are appropriately accounted
• Prepares, updates and review the detailed schedule of fixed assets and calculate its depreciation including preparation of accounting and journal entries
• Lead and Supervise the periodic physical inventory counts of fixed assets and inventories
• Monitor cost of fixed assets in every project under construction and reclassify it according to appropriate account once the project has been completed
• Preparation of audit schedules related to fixed assets and inventories needed by the external auditor and assist them in their inquiries
• Daily processing of received financial Intercompany Invoices
- Identification and resolution of issues when posting invoices and correction of postings - - - -Reconcile intercompany account balances and proactively resolve intercompany imbalances
- Prepare intercompany Satatments AP & AR with Aging then send to Global intercopany Accoutant
• Responsible for all aspect of Fixed Assets
• Processed new additions monthly with correct lives and depreciation methods for book.
• Work with Accounts Payable to track all capital activities for all companies.
• Prepare monthly depreciation entries and monthly, quarterly and year-end reports for Financial Accounting .
• Process partial retirements and disposal of assets and inter-company transfers and run related schedules.
• In-charged for the Monthly closing.
• .Responsible to do yearly audits on Fixed Asset.
• In-charged for the yearly closing.
• Performed back up duties for other Accounts staff in HO
• .Organized PO’s and Term of Payment for vendors with the Purchasing dept.
• Filled and documented all payments Microsoft Dynamics. Responsible for all invoice coding, including reconciliation of invoices to the General Ledger account to ensure proper billing of all invoices by cost center and dimension code.
• Ensured timely processing of all invoices and credits according to vendor/distribution terms to increase positive reputation in market and with vendors.
• Responsible for generating check proposals and preparing wire payments on a timely or as-needed basis
• . Ensured proper cut-off of invoices for accrual purposes for month end close, to ensure proper accrual rates for that month’s financials
• Assigned to handle Account Receivable by using Oracle Financial and conducted all AR activities in (Dammam, Riyadh, Jeddah, ).
• In-charged for Credit Controller.
• Fulfilled collections
• Assigned to handle Account Payple by using Oracle Financial and conducted all AP activities for Branch
• In-charged for the Monthly closing.
• In-charged for the yearly closing.