Finance Controller
Schlumberger - Other Locations
Total years of experience :21 years, 11 Months
Responsibilities:
*Responsible for the overall financial controllership of the business and co-ordination with Hubs that support the locations including P&L and balance sheets reviews and overall financial health.
*Develop & review business plans & forecast, financial models by collaborating with business units and aligning with strategic plans of the organization including Risk Management.
*Drive periodic business reviews focusing on financial and commercial information and arrive at a plan of action to close performance gaps against plan.
*Evaluations of Bid proposals for new tenders.
*Optimize cash flow, including key indicators like DSO, CAPEX and inventory.
*Ensuring statutory audits, Tax & VAT are prepared and filed within the stipulated time frame as per local statute.
*Identify and assess financial risk and ensure compliance with corporate policies and regulatory framework and have controls in place to mitigate and manage risk effectively.
*Assist in implementing and maintaining internal controls to ensure compliance with financial regulations and company policies.
Achievements:
*Involved in implementation of Oracle, SAP ERP for Oman operations.
*Carried out a Lean project for bringing down the overall DSO to company’s expectation.
*Successful transition of reporting and accounting of acquired Rig business in Oman.
From 2004 to June 2012 held different titles within Baker Hughes.
Responsibilities:
*Analysis of Profit & Loss statements for the month, quarter & Year against forecast and plans.
*Consolidation of financial plans for the Middle East region including preparing and review of annual and short-term budgets of the countries of the region.
*Responsible and review of Group consolidation of Financial Statements/ accounting data for the Middle East region and reporting the same to the corporate office as per the deadlines set monthly.
*Overseeing the preparation and finalization of management books to comply with the US GAAP monthly.
*Led high level monthly intra-group reconciliations and provide advisory on recurring issues.
*Liaising with Internal and external auditors for finalization of the audit of the financial statements.
Achievements:
*Automating accounting process, previously manually done, saving time and bringing in efficiency and transparency.
*Instrumental in reducing the Days of sales outstanding.
*Instrumental in execution and implementation of ERP 2.2 Iscala & Project Management module for one of our repair workshop facility.
*Preparing Profit & Budgeted forecast and Cash flow statements.
*Handling Investment of funds in inter corporate deposit & various schemes of the mutual fund including evaluation & review of fund performance.
*Finalizing income tax returns & preparing all schedules related to tax audit including their assessment.
*Handling TDS related matters pertaining to deduction and deposit of tax, issue of certificates, preparation and filing of annual return.
*Liaising with the Income tax office for N.O.C (certificate).
*Assuring compliance with all statutory and regulatory requirement and timely filing of TDS, PF, Sales Tax, Excise, ESIC statements and remittances of periodical dues.
*Preparation and filling of annual return under the Companies Act, preparation of resolutions for Board and Annual General Meeting and writing the minutes thereof.