Financial Cost Control
Saudi Aramco
مجموع سنوات الخبرة :13 years, 7 أشهر
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Verification of Expenditures, and preparation of any adjustments or mis-charge
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Review and cost code contractor invoices, and initiate supporting Service Entry Sheet in SAP.
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Prepare the update of PPU/MPU/BISR/PBISR monthly meetings by setting up the schedule
for Division & Department.
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Collect Job Order Financial Status Report cost rack-up sheet and expenditure forecast from
divisions’ cost group, and consolidate data at Budget Item level.
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Collect/Review and consolidation of the following reports:
a.
Contract Status report
b.
MFC Contract
c.
Change Order Log
d.
Invoice Tracking Report
e.
Monthly Saudization Report
f.
Monthly Operation Statement
g.
Quarterly Invoice accrual
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Preparing monthly project update MPU with cost associated to the services orders.
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Assisting Cost Engineer on Cost Management.
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Ensure the compliance with established internal control procedures by examining records,
reports, operating practices, and documentation.
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Update and Maintain internal control systems by updating audit programs and questionnaires
by follow new procedures from company .
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Support Project controls, monitoring and compliance in terms of main project
controls forms and processes implementation.
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Review all accounting procedures and recommend improvements.
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Checking Contractor’s change order monthly progress in order to count the invoice.
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Auditing invoices associated with services orders for final approval and payment and submit
observations and the recommendations to avoid risk and follow comapny procedures and
laws.
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Analyzing comparisons of scope, quantities and cost data between the project forecasts and
the budgets
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corrective actions. Follow-up on implementation of agreed corrective actions.
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Confirm contractors compliance with contractual obligation regarding the form and content of
cost reporting.
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Review that the cost control requirements specified in the project execution plan are included
in the request for quotation and contract documentation .
-Planning, designing and implementing a overall risk management process for the organization.
-Risk evaluation, which involves comparing estimated risks with criteria established by the organization such as costs, legal requirements and environmental factors. Also describing and estimating the risks affecting the business.
-Carrying out processes such as purchasing insurance, implementing health and safety measures and making business continuity plans to limit risks.
-Conducting audits of policy and compliance to standards, including liaison with internal and external auditors.
-Preparing reports to highlight issues and problems and distributing the reports to the relevant people. Implements action plans to monitor and control risk.
-Travelling to different sites to meet relevant staff and obtain documents and information
-Assists, provides and resolves issues in various situations with insurance company.
-risk reporting in an appropriate way for different audiences, for example, to the board of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks;
-corporate governance involving external risk reporting to stakeholders;
-carrying out processes such as purchasing insurance, implementing health and safety measures and making business continuity plans to limit risks and prepare for if things g conducting audits of policy and compliance to standards, including liaison with internal and external auditors;
- providing support, education and training to staff to build risk awareness within the organisation.
-risk evaluation, which involves comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors, and evaluating the organisation's previous handling of risks;
-risk assessment, which involves analysing risks as well as identifying, describing and estimating the risks affecting the business;
Key Responsibilities Senior Financial Compliance :
• Ensure that the business is operating according to applicable regulatory requirements, operating processes and policies.
• Ensure the compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
• Maintain internal control systems by updating audit programs and questionnaires; recommending new policies and procedures.
• Review and update regularly of all risk policies and process documents to related to financial risks.
• Advise the concerned departments on financial regulations and laws frequently
• Liaise with Capital Market Authority and Tadawul during the transactions and communication process.
• Monitor the performance of the Compliance Program and related activities regularly and take appropriate steps to improve its effectiveness
• Prepare Analysis Reports yearly & quarterly for Compliance Department & CMA.
• Preparer compliance audit data by compiling and analyzing internal and external information.
• Supports departments by collecting and coordinating internal compliance data with auditors and various departments.
• Provides administrative support by implementing systems, procedures, and policies; completing projects in support of compliance auditors.
• Ensure CMA inspection reports and copies of all correspondence with the CMA is properly actioned, reporting to the Company .
• Review the Capital Market Authority rule book and compliance requirements to ensure that the company satisfies all regulatory requirements. Alert the comapny and the directors of the company Saudi Arabia of any new circulars from Saudi Arabian regulators or auditors etc
• Prepare financial requirements for month end, quarterly and year end closing and also medical claims, motor claims, and services.
• Prepare Financial Analysis, accrual calculations, and other related to accounting department.
• Implement all Payables section related policies, processes and procedures
• Process and reconcile payments and receipts for all intercompany transactions to ensure timely accounting of such transactions
• Verify all payments, deductions and claims for employees and provide the information to the payroll department for timely and accurate processing of the monthly payroll.
• Prepare process reports for GOSI, Zakat, Payroll, employee allowances & etc.
• Team leader for payable payment operations in the department from 2012 January to 2013 September..
• Review electronic bank transfers and payments before payment and the preparation of the accounting entry.
• Participate in initiatives for innovation and continuous improvement in pursuit of greater productivity
• Secures financial information by completing data base backups.
• Arrange the required foreign currency against travel advance for staff visiting abroad as per their request and reconcile employees receivable account on a monthly basis
• Provide inputs for the preparation of accurate and timely performance reports, as required
• Check and process all petty cash transactions and other miscellaneous payments such as travel advances on time and in line with Company policies and procedures
• Assist the Senior Accounts Officer in preparing the tax returns
Key Responsibilities as Salvage Recovery Officer:
• Preparing money Recovery from Insurance Companies & Individuals.
• Preparing salvage (total losses Cars) for Selling in the Auctions by Documents/schedules.
• investigating potentially fraudulent claims
• Prepare, review and submit fraud analysis and investigation reports to Department Head.
• Receive, review and analyze information, documentation, data and evidence associated with fraud allegations and/or unethical behavior and/or to identify fraud With claims department .
The company specializes in building prefabricated houses.
Key Responsibilities:
1- Recommended, implemented and monitored appropriate customer plans and enhanced profitability across regions through effective cost control.
2- Maintained and recorded all accounts payable and receivable transactions, to ascertain efficient record keeping and retention.
3- Efficiently maintained and recorded all accounts payable transactions and posted them to appropriate ledgers while assuring strict adherence to all accounting policies and procedures set forth by the organization.
4- Managed proper filing system of accounts payable transactions for convenient identification, sorting, storage and quick retrieval of information.
Key Responsibilities:
• Conducted analytical studies on research projects and presented results to group leaders, while identifying, conceiving, and proposing research ideas to R&D management.
• Performed analytical reviews and ratio analysis of financial statements to spot trends and to compare bank’s performance.
• Conducted profitability analysis, analyzed the operating rate of capital and profitability.
• Developed and maintained research databases, prepared research manuscripts and research presentations.
• Analyzed and presented data in various formats including raw output, tables and graphics, oral and written reports.
• Prepared related documentation for regulatory submissions/publications. Participated in the research to help set strategy and draw on collective experiences/best practices for timely completion of the project.
Key Responsibilities:
1- Handled various tasks including posting journal entries, maintaining general ledgers, reconciling accounting transactions and preparing monthly closing of books and assured accurate record keeping of each monetary transaction.
2- Superintended customer service executive’s calls, evaluated their performance, motivated them to provide quality service level to customers.
3- Ensured the accurate maintenance of application forms for all account balance statements and cheques books.
4- Analyzed customer complaints and suggestions to customer service executives and aided them to gather relevant data to ascertain its accuracy.
The Master of Commerce provides the fundamental skills to allow non-Commerce graduates to obtain a stand-alone qualification in preparation for a career in either small- or large-scale business contexts, as well as facilitating entry to a more specialised professional degree offered through the Faculty’s double Masters programs. The course comprises four core subjects, covering marketing management, strategic management, economics and accounting foundations for professionals, plus a further four subjects selected from any postgraduate Commerce subject. Students wishing to gain a concentration of study may take the four additional subjects from the same area (for example finance, marketing, or management) or may choose from the broad range of subjects across the Faculty.
English for Tertiary Studies (ETS) is for students who need to improve their English in order to gain admission to undergraduate or postgraduate university study. It is a skills-based course which provides a thorough introduction to the educational requirements for tertiary study and helps students think critically about university life and culture. Particular attention is given to developing critical analysis with regard to reading academic texts and expressing an opinion in both spoken and written forms. You will also focus on study skills, language development, and university level research and essay writing. You will experience university style lectures and tutorials in preparation for study at the University of Wollongong as this course provides direct entry for students who satisfy all assessment requirements. Examples of assessments include: ◾A research essay ◾An oral presentation ◾Academic reading analysis These formal assessments are completed progressively throughout the course culminating in a final exam. Length of study and hours per week This course is 20-22 hours per week in class tuition for either 6, 12 or 18 weeks depending on your IELTS (or equivalent) score and the score you require for university entry.
Project Research: Analysis between the two banks of Jordan Islamic Bank and Arabic Islamic bank. An introduction to advanced concepts and methods of financial management. Topics include risk and return, asset evaluation, capital budgeting, capital structure, business financial planning and working capital management.
