GL and Inter company Analyst
National Oilwell Varco
Total years of experience :9 years, 7 Months
Prepared journal entries for amortization and accruals for Oman, Saudi, Dubai Kuwait, Bahrain, Qatar entities in a timely manner for preparation of balance sheet, Profit and loss account and trial balance .
Maintained revenue recognition schedules and prepared related journal entries for month closing in Middle east regions, improving revenue reporting efficiency by 20%.
Maintained accounting master data for NOV code level.
Conducted automated Bank reconciliations and passed journal entries for FX, which saved 12hrs monthly. Researched to clear the old balances sitting in bank reconciliation during fiscal year.
Prepared monthly cash flow projection (AP&AR) and submitted to treasury for review.
Conducted variance analysis for expenses and revenues, and escalate to divisional managers review leading 15% improvements in accuracy in P&L.
Ensured financial modules (AP, AR, FA, Cash management) are closed timely within Nov deadlines.
Prepared Quarterly balance sheet and profit and loss fluctuation analysis, leading to 10% reduction in closing time for quarterly financial s.
Prepared over the 200 plus balance sheet reconciliation in Oracle platform and provide the bridge comments for quarterly SOX Call for aged items .
Managed Fixed asset accounting activities such as acquisitions, disposals and depreciation postings for PP&E.
Perform month-end reporting activity for inter company reporting schedules and resolved inter company mismatches, reduced cross entity discrepancy 30%.
Prepared inter company purchase price variance analysis with transfer price policy for each product lines and ensure the necessary entries passed with approval of divisional managers.
Coordinated with Tax advisors tax filing requirements for VAT &WHT for Oman and Saudi entities, resulting 10% reduction tax liability.
Coordinated the completion of external audit requests for quarterly and year end.
HFM Related web form reporting for middle east region for USD & NON USD Ledgers.
Demonstrated expertise in accurately processing various financial transactions such as vendor invoices (PO and Non-PO), credit notes, claims, utility bills for CEMEA Region with in designated time frame.
Processed employee expense reports and managed reimbursement process in compliance with Visa Travel policies.
Analyzed and performed vendor reconciliation of top 100 vendors monthly and resolved invoice discrepancies in a timely manner Monitored accounts payable aging and reported analysis & escalation to AP Manager.
Responded to inquiries from vendors and internal department regarding invoice status and payment.
Assisted with month-end closing procedures, including accruals and prepayments.
Prepared bi-weekly AP Cash Flow Projection to treasury for timely payment of invoices.
Processed electronic funds transfer process and work with vendors to transition payment method.
Achievements:-
Assisted process improvement initiatives, implementing robotic process automation, resulting in a 50% reduction in manual effort.
Improved the vendor communication system, elevating vendor satisfaction score by 10%.
Performed posting of amortization journal entries and accruals, utilities accruals, depreciation on monthly basis and send the performance reports to regional officers.
Prepared bank reconciliation and petty cash reconciliation of EMEA Regions.
Recorded acquisition and disposal of fixed assets in a timely manner.
Prepared account analysis for balance sheet items on quarterly basis.
Posted re-class entries after the balance sheet and P&L Review.
Prepared and billed inter company invoices.
Supported project management team for budget variance report analysis.