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Muhammad Riffat, Sr. Cost and LC Controller

Muhammad Riffat

Sr. Cost and LC Controller·Bilfinger Al Arabia company Ltd

Saudi Arabia

Diploma, Diploma of Computer Sciences

Work experience

Total years of experience: 26 years, 2 months

Sr. Cost and LC Controller

January 2022 - Present

Bilfinger Al Arabia company Ltd

Dammam, Saudi Arabia

January 2022 - Present

 Monthly Project Cost Report (Cost analysis) preparation (covering actual & expected costs, schedule updates, trend analysis, project progress /S-curves, Project performance & productivity analysis) for assigned projects.
 Site visits & meetings with project teams to address cost related issues and appreciation on achievements.
 Project Dashboards high-level and reporting analysis.
 Takes initiatives for project costs reduction, share analysis and calculation.
 Review & compare financial figures of projects and company with project management.
 Highlight major variations against budget and share them with the project team and management.
 Finding the root cause of draining cost and share the mitigation/solutions with projects team and management.
 Records and training of project teams for the awareness of site costs and impacts of productivity, cost savings and enhance profitability.
 Prepare latest forecast (twice a year) and Annual Budgets.
 Evaluation of 3rd party subcontractor/vendor bids.
 Implementation and updates of the internal organization Business Transforming Operational Performance tool.

Company industry:
Technical Maintenance & Repair
Job role:
Maintenance, Repair, and Technician

Cost Controller

October 2014 - November 2021

AYTB ( Al Yusr Contracting Company

Eastern Province, Saudi Arabia

October 2014 - November 2021

 Monthly Project Cost Report (Cost analysis) preparation (covering actual & expected costs, schedule updates, trend analysis, project progress /S-curves, Project performance & productivity analysis) for assigned projects.
 Site visits & client meetings to address pending issues.
 Monitor Cost Budgets by gathering cost data from stores, procurement, QA/QC, site planning & management teams.
 Takes initiatives for project costs reduction.
 Review commercial contracts in coordination with project site teams to ensure compliance with terms and conditions.
 Review & compare financial figures (of assigned awarded projects) with execution budgets in coordination with project management.
 Verify project progress & additional invoices to ensure their timely submission.
 Highlight major variations against budget and share them with the management.
 Update/ report variations /change orders, time extensions, liquidated damages, claims etc., and incorporate their impact on project margins.
 Review / verify sub contractor’s invoices and highlight any excess budget areas.
 Follow-up and report reasons for long outstanding unbilled revenue.
 Prepare latest forecast (twice a year) and Annual Budgets.

Company industry:
Technical Maintenance & Repair
Job role:
Management

Cost Analyst

September 2006 - June 2014

OLAYAN DESCON Industrial Company

Saudi Arabia

September 2006 - June 2014

Worked as Cost Analyst cum Controller

Company industry:
Manufacturing
Job role:
Support Services

Accounts Assistant com Cashier

January 2000 - September 2006

CA Textile Mills Ltd.

Pakistan

January 2000 - September 2006

Worked as Accounts assistant and Cashier at same time for 06 Years in beginning of professional carrier.

Company industry:
Textile & Apparel Production
Job role:
Accounting and Auditing

Education

DEE Group of Colleges

May 2000

May 2000

Diploma, Diploma of Computer Sciences

Pakistan

GPA (rating): Good

GPA (rating): Good

Languages

English

Intermediate

Arabic

Beginner

Urdu

Native Speaker

Hobbies and interests

Tourism