Financial Controller
Schlumberger Overseas SA
مجموع سنوات الخبرة :23 years, 11 أشهر
Expanded responsibility to cover four business divisions which are Wireline & Slickline, Well Services (Cementing, Coiled Tubing & Fracturing) and Artificial Lift businesses in Kuwait Goemarket.
Seismic Business Controller for Kuwait and UAE.
* Responsible for the overall financial management and profitability of the Segment within a Geomarket.
* Responsible for monitoring the working capital within the Segment by keeping DSO, Capex, Invenotries and Liquidity indicators at optimal levels.
* Works closely with the Operations to ensure that the operations within the GeoMarket is conducted in compliance with the local laws.
* Ensures that all financial transactions are recorded in compliance with the SLB policies and procedures. Ensure adherence to corporate ethical policies and internal controls. Organize periodic audits internally and assist in external audits.
* Ensures that the accounting transactions are recorded in compliance with the local accounting regulations and practices.
* Reviews all major tenders ( risks and opportunities) and gets requsite approvals where required.
* Coordinate the preparation and analytical review of management financial information relative to historical trends, forecasts and developments within the industry. Provide financial input to the GeoMarket management regarding the strategic development of the Segment.
* Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources.
* Review and examine the financial impact of new and existing investment opportunities with a view to maximizing the
Segment's return on investment (ROI). Maintain control over and maximum use of working capital.
* Train line managers to interpret and comprehend financial statements and principles, and coach them regarding key business segment drivers. Provide the financial training for the operation. Answer inquiries regarding financial assets, recommend policies, and advise council line management.
* Recruit, train and develop all financial staff within the Region/GeoMarket. Ensure certain level of quality of employee in the field.
* Review and approve all material non-FTE Capital Acquisition Reviews (CAR's), and long-term lease commitments. Involvement in bids, tenders and contracts with customers.
* Complete and review monthly financial reporting.
* Understands, reviews, implements, complies and assists with development of Sarbane Oxley requirements as defined in the risk control matrix.
* Complies with applicable company policies, including Personnel, Quality System and Health, Safety and Environment standards and procedures.
* Successfully complete required safety training (including but not limited to drugs and alcohol, electrical, emergency response, fire, first aid, health and hygiene, PPE, risk reporting, IT security, hazardous materials, driving).
Responsible for the overall financial management and profitability of Seismic business within a country.
* Responsible for monitoring the working capital within the country by keeping DSO, Capex, Inventories and Liquidity indicators at optimal levels.
* Works closely with the Operations to ensure that the operation within the country is conducted in compliance with the local laws.
* Ensures that all financial transactions are recorded in compliance with the company policies and procedures. Ensure adherence to corporate ethical policies and internal controls. *Organize periodic audits internally and assist in external audits.
* Reviews all major tenders (risks and opportunities) and gets requisite approvals where required.
* Coordinate the preparation and analytical review of management financial information relative to historical trends, forecasts and developments within the industry. Provide financial input to the GeoMarket management regarding the strategic development of the Country.
* Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources.
* Train line managers to interpret and comprehend financial statements and principles, and coach them regarding key business segment drivers. Provide the financial training for the operation. Answer inquiries regarding financial assets, recommend policies.
* Recruit, train and develop all financial staff within the country. Ensure certain level of quality of employee in the field.
* Complete and review monthly financial reporting.
* Understands, reviews, implements, complies and assists with development of Sarbanes Oxley requirements as defined in the risk control matrix.
* Complies with applicable company policies, including Personnel, Quality System and Health, Safety and Environment standards and procedures.
* Responsible for the overall financial management and profitability of the Segment within a Geomarket.
* Responsible for monitoring the working capital within the Segment by keeping DSO, Capex, Invenotries and Liquidity indicators at optimal levels.
* Works closely with the Operations to ensure that the operations within the GeoMarket is conducted in compliance with the local laws.
* Ensures that all financial transactions are recorded in compliance with the SLB policies and procedures. Ensure adherence to corporate ethical policies and internal controls. Organize periodic audits internally and assist in external audits.
* Ensures that the accounting transactions are recorded in compliance with the local accounting regulations and practices.
* Reviews all major tenders ( risks and opportunities) and gets requsite approvals where required.
* Coordinate the preparation and analytical review of management financial information relative to historical trends, forecasts and developments within the industry. Provide financial input to the GeoMarket management regarding the strategic development of the Segment.
* Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources.
* Review and examine the financial impact of new and existing investment opportunities with a view to maximizing the
Segment's return on investment (ROI). Maintain control over and maximum use of working capital.
* Train line managers to interpret and comprehend financial statements and principles, and coach them regarding key business segment drivers. Provide the financial training for the operation. Answer inquiries regarding financial assets, recommend policies, and advise council line management.
* Recruit, train and develop all financial staff within the Region/GeoMarket. Ensure certain level of quality of employee in the field.
* Review and approve all material non-FTE Capital Acquisition Reviews (CAR's), and long-term lease commitments. Involvement in bids, tenders and contracts with customers.
* Complete and review monthly financial reporting.
* Understands, reviews, implements, complies and assists with development of Sarbane Oxley requirements as defined in the risk control matrix.
* Complies with applicable company policies, including Personnel, Quality System and Health, Safety and Environment standards and procedures.
* Successfully complete required safety training (including but not limited to drugs and alcohol, electrical, emergency response, fire, first aid, health and hygiene, PPE, risk reporting, IT security, hazardous materials, driving).
* Analyze and control investment (Capex, Inventory, Projects, DSO)
* Perform monthly reviews of Profit & Loss and Balance Sheet accounts relating to area of responsibility, including business indicators such as profitability and liquidity
* Present monthly analysis on costs and revenue
* Undertake financial planning, forecasting and monitoring of results versus objectives
* Ensure across-the-board implementation of standard finance practices, involvement with the development of standard financial practices.
* Identify weaknesses in internal control and implement improvements
* Assess and highlight opportunities for increased cost efficiencies, driver for change
* Develop and evaluate business or project financial metrics and drivers
* Analyze profitability of new business opportunities via contract reviews, bid support and evaluation of risk versus reward prospects
* Design and implement project controls
* Evaluate currency exposure
* Active involvement in mentoring and development of Accountants
* Assist in conducting surveys of departmental organization, management staffing utilization and procedures
* Participate in Internal Audit assignments and support fraud investigations
* Conduct and develop financial training for field engineers and managers
* Assist with ad hoc reporting, analysis or projects as required
* Understands, reviews, implements and complies with Sarbane Oxley requirements as defined in the risk control matrix.
* Complies with applicable company policies, including Personnel, Quality System and Health, Safety and Environment standards and procedures.
* Successfully complete required safety training (including but not limited to drugs and alcohol, electrical, emergency response, fire, first aid, health and hygiene, PPE, risk reporting, IT security, hazardous materials, driving).
* Balance sheet accounts review and reconciliation and preparation of associated BS notes.
* P and L variance analysis including review of detailed revenue and cost transactions.
* Subsystem control including client receivables collections and DSO reporting, fixed assets, payroll and inventory.
* Control and preparation of general ledger entries including prepaid, accruals, allocations, etc.
* Ad Hoc reporting, analysis or projects as required.
* Assist in the formulation of budgetary and accounting policies.
* Provide assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements.
* Provide financial and taxation advice on business structures, plans and operations.
*Process invoices for payment to vendors by checking invoices for accuracy, resolving discrepancies, and entering data into system.
* Prepare original documents for imaging/filing as instructed.
* Process check and refund requests: check requests for accuracy; resolve problems; enter data into system; attached required support for audit.
* Process payment information in accordance with SLB payment terms requirements.
* Answer phone, mail, and walk-in inquiries; research questions; provide accurate and prompt resolution to inquiries.
* Analyze/review vendor accounts for accuracy and check credit balances; request cash refunds on credit balances. .
* Comply with applicable company policies.
* Successfully complete required QHSE training (including but not limited to drugs and alcohol, electrical, emergency response, fire, first aid, health and hygiene, PPE, SIPP, risk reporting, IT security, hazardous materials, driving).
* Ability to communicate and interact with, as well as support, effective partnerships with peers and subordinates; good communication skills.
* Proficient in word processing and spreadsheet applications.
* Able to build rapport with internal and external contacts.
* Able to analyze and solve problems.
* Discretion when dealing with confidential information.
* Other duties as assigned.
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