Financial Controller
Almansoori Petroleum Industries
Total des années d'expérience :27 years, 2 Mois
• Ensure monthly financial close and consolidation is completed accurately and in a timely manner. Drive process improvements to reduce time spent on reporting, and perform monthly close earlier.
• Conduct in-depth financial analyses on financial statements, cash flow statements, profit margin, quarterly reports as well as management and other reports for the assigned function/business area, and review calculation of specific financial items as required for effective reporting.
• Preparation and consolidation of the annual and long-term capital, operating & revenue budgets, and business plans ensuring adherence to the Company’s strategic objectives & goals, and compliance with requisite guidelines and time targets.
• Create and Monitor KPI leading indicators as per critical success factors, Financial Ratios and performs periodic reviews of processes and procedures to ensure that strong controllership routines are in place and in full compliance
• Liaise with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by Management to support informed decision making.
• Conduct analyses on cost allocation and unit-wise profitability reporting to enable data driven business decisions.
• Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.
• Investigate and highlight any significant variances to support effective performance and cost control, Policies, Systems, Processes & Procedures
• Implement approved Unit / Divisional policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.
• Identify improvement areas and opportunities for automation, ensuring that projects are well planned, communicated and executed in an efficient and effective way,
• Collaborated with various Department and implemented Group Corporate Governance
• Initiate and implement end-to-end finance operations best practices and risk analysis in areas such as RtR, OtC, ItD, and PtP
• Effectively and efficiently coordinate all operational departments within the finance department in order to contribute to the overall goals of the company
• Manage VAT reporting & make certain strict compliance with FTA requirements
• Interface with the external auditors in connection of Interim & Final Audit as well as providing the complete audit file together with the financial reports as per auditor’s requirement.
• Negotiation with banks regarding the financial facilities (STL, TRs and Capex loans)
• Establish and maintain financial control policies, e.g. credit policy, foreign exchange policy and Delegation of Authority.
• Evaluated all Capex investments options to assess ROI
• Research and make decisions on various projects, ensuring projects are completed on-time and under budget.
• Other Ad hoc strategic project analysis and feasibility studies
An international construction, engineering, manufacturing, trading and procurement services company in the power, water, chemical, and oil and gas industries, which is part of the Division Piping Systems and framework, Bilfinger SE.
• Contribute to the profitability/liquidity of the company by effectively managing the financial operations. This includes the responsibility for the preparation, analysis and interpretation of financial reports, management of integrated accounting systems, cost accounting, budgeting and forecasting and supervision of the daily accounting functions. Manage annual budgeting processes, understanding business priorities while supervising budget-model construction, accurately predicting expense and timing of costs.
• Manage VAT reporting & make certain strict compliance with FTA requirements
• Setting targets for and supervises all accounting and finance personnel (Finance Executives, Chief Accountant, management accountants, etc.
• Review and monitor activity of working capital (receivables, payables) for minimizing the investment in working capital without jeopardizing the operational need.
• Approving Vendor Invoices management (SAP) and Assists Operational Dept.in respect of financial transactions involves in the projects or in tender documents, such as Bill of Quantities, General Specifications, and Particular Specifications.
• Drive performance and monitor KPIs: ability to run and intervene on basis of KPI/ Driver analysis.
• Involving in Inventory management and prepares inventory report every end of the month
• Review subsidiary companies’ report to ensure compliance with US GAAP and IFRS. Variance analysis report, profit analysis, cost center accounting, product costing and pricing policy
• Budgetary process, financial operations, including accurate and effective financial decisions, developing Short and Medium term cash forecast.
• Ensures review and implementation of SOX compliance.
• Quantified consolidated FX exposures across various business units, maintains IBANK transactions to reduce currency exposure, ensured availability of appropriate and necessary funding, evaluated all investments options to assess ROI
• Calculation of EV, CPI & SPI of EPC projects and Report to Group CEO and CFO
• Oversee ICS (internal control system) procedures, Vendor Governance & Compliance, Tax Planning liquidity reporting, organise the annual Statutory Audit for both companies and reconciliation between Abacus and Statutory
• Leading ERP (SAP) implementation and Research and make decisions on various projects, ensuring projects are completed on-time and under budget.
Recruited with accountability for GL master data, customer master data, vendor master, asset master data maintenance, vendor payments, customer payments, open and close period maintenance, GL postings, tax procedures, and tax codes maintenance. Managed designing, configuring and customisation of the FI and its functionality in SAP. Customised business process requirements to interface with SD and MM modules. Created cost centres, primary cost elements, cost element groups, and cost centre groups, linking the cost centres to the appropriate profit centre. Directed integration with GL accounts, maintained available depreciation key, and created asset master, acquisition of asset, and depreciation run.
Key Contributions:
• Provided corporate SAP training to new staff members and resolved queries/issues.
• Spearheaded two major full cycled projects for Grasim Cements Ltd. and Schwing Stetter India.
Audited statutory and consolidated accounts according to GAAP and IFRS/IAS referential in various companies and due diligence intervention. Assessed the risk of material misstatement of financial reports due to fraud, updated management on discrepancies, reviewed journal entries, and ensured internal controls were properly placed. Trained, mentored, and led the audit staff. Created tax data collection systems, designed the Finance Model, RM procedures, and ICS. Prepared projected cash flow statements and finance for new and existing businesses.
Key Contribution:
• Led the Audit team for 50+ diversified industries and prepared tax module, and the finance and VAT model.
Accounting, Business law, Tax and Auditing.
Certified Management Accountant CMA
