Financial Controller
ACWA Power International
Total years of experience :7 years, 4 Months
ACHIEVEMENTS:
• Special recognition by ACWA Power Group Reporting for the fastest quality reporting of quarter-end for two group entities.
• Re-designed management reports for revenue and operational variances for better understanding of the group leadership.
RESPONSIBILITIES AND DUTIES
MY KEY RESPONSIBILITIES INCLUDES:
• Leading the accounts function of a portfolio of nearly 4000MW power plants comprising Salalah2 IPP (Dhofar Generating SAOG- listed at MSX), Ibri IPP (Ad-Dhahirah Generating SAOC) and Sohar3 IPP (Sohar Generating SAOC).
• Preparation of quarterly, semiannually and annual financial statements including stand-alone and consolidated financial statements of the project companies.
• Managing the complete month end close process to ensure “day zero closing” and timely reporting to the local management / regional and head offices on HFM tool.
• Overseeing timely filing of quarterly VAT returns, monthly WHT returns, ensuring correct computation of corporate tax, compliance of Tax Reporting Cloud Service (TRCS) and other periodic group reporting requirements.
• Managing external and internal audits to ensure statutory compliance and improved internal control environment; liaising with key stakeholders on accounting, finance and tax matters.
• Supporting the Cash Management function of the company to ensure timely processing of payments including working capital cash flows and debt service payments.
• Proficiently directing and leading the account and finance team in performing their day to day tasks, problem solving and on-the-job training and professional development of the team.
• Compliance with global financial policies, policies and procedures of the company and quality control over financial transactions and financial reporting.
• Monitor the assignment of the company budget, review and investigate the budget variances.
• Supporting the FMs / CFO in preparing accurate Board (BOD) reporting packs including financial highlights, related parties’ transactions summary, aging analysis etc. to ensure qualitative accurate decision making.
• Quarterly and annual filing of financial statements of listed company on MSX through XBRL tool.
MY KEY RESPONSIBILITIES INCLUDES:
* Preparation of monthly, quarterly, semiannually and annual accounts including stand-alone
and consolidated financial statements of group companies / entities.
* Management reporting on various matters to ensure timely decision making of senior
management.
* Daily analysis of cash flows and funds management to improve cash operating cycle.
* Liaison with external and internal auditors to ensure statutory compliance and improved
internal control environment.
* Actively managing finance related issues of group financing including timely
adjustments/payments and accruals of profit expense against long term and short term
finances.
* Ensuring efficient and effective period/year-end closings in Oracle modules and GL.
* Scrutinizing all types of vouchers (BPVs, BRVs, JVs, PIV) and journal entries in ERP software.
* Proficiently managing and leading the team of more than 30 professionals serving in accounts
payable, inventory and accounts receivable departments.
* Managing company insurance matters including negotiation and dealings with respective
insurance companies and monthly reconciliation of employees covered under Group
insurance policies.
A member firm of Shine Wing International)
REPORTING LINE - Directly reportable to Manager Audit & Engagement Partner
RESPOSIBILITIES AND DUTIES
MY KEY RESPONSIBILITIES INCLUDES:
• Effective planning and allocation of staff to various audit engagements.
• Review of audit working papers files as per International Standards on Auditing (ISAs) and risk based auditing approach.
• Supervision, review and finalization of assurance engagements including preparation of deliverables and resolving audit differences observed during the fieldwork and taking timely decisions on significant matters.
• Responsible for meaningful completion of all necessary checklists, procedures and tailoring and concluding questions prior to signing-off
• Contribute to the development of a comprehensive project plan, using prior year knowledge to help identify audit priorities that can be performed earlier in the audit cycle. Seek awareness of contingency plans if the entity's management team fails to meet their deadlines.
• Ensure proper allocation of responsibilities between the engagement team and experts or specialists, including timescales and how the work of experts and specialists will contribute to the objectives of the audit.
• On-the-job training and professional development of staff.
Worked on more than 40 assignments, Major responsibilities / work includes following:
• Auditing & assurance experience comprising review and analysis of financial and non-financial information and reporting thereon both in individual capacity and as a team lead.
• Preparation of unconsolidated and consolidated financial statements, bookkeeping and ensuring statutory compliance for public listed and unlisted clients of manufacturing and service industry
• Effective planning and allocation of staff to various audit engagements.
• Review of audit working papers files as per International Standards on Auditing (ISAs) and risk based auditing approach.
• Supervision, review and finalization of assurance engagements including preparation of deliverables and resolving audit differences observed during the fieldwork and taking timely decisions on significant matters.
• Responsible for meaningful completion of all necessary checklists, procedures and tailoring and concluding questions prior to signing-off
• Contribute to the development of a comprehensive project plan, using prior year knowledge to help identify audit priorities that can be performed earlier in the audit cycle. Seek awareness of contingency plans if the entity's management team fails to meet their deadlines.
• Ensure proper allocation of responsibilities between the engagement team and experts or specialists, including timescales and how the work of experts and specialists will contribute to the objectives of the audit.
• On-the-job training and professional development of staff.
Internship and was allocated to Telecommunication client Wateen Telecom.
Chartered Accountant | ICAP PAKISTAN
Bachelor of Commerce. Achievement: Got first division at 100% scholarship and got 2nd position overall at college .