Section Head
OMS OILFILED SERVICES ARABIA LTD
مجموع سنوات الخبرة :28 years, 6 أشهر
Responsible for the full spectrum of all the Finance, Accounting and Admin functions of the operations and ensure compliance with local and corporate requirements.
Timely monthly, year end closing and reporting
Review and analysis of financial and management reports
Timely provision of ad-hoc information to corporate office
Ensure timely billing of services and goods
Preparing CAPEX proposal and financing
Supervision of staff and constantly elevate internal processes to achieve productivity & efficiency
Review of monthly payroll and related HR reports
Preparation of annual budget and forecast (FP&A)
In-charge of local banking, legal, corporate secretarial and taxation matters and ensure compliance with both local and group requirements
Provide financial advise and support to the operation
Working capital, cash flow management, credit control and treasury matters
Manage relationships with tax agents, solicitors, bankers, auditors and other statutory bodies
To undertake ad hoc projects as assigned
Assist Chief Financial Officer on accounting and financial matters, in the formulation and implementation of objectives and policies designed to maximize the return on capital employed.
o Finalize monthly, tertiary financial reports (BS, IS, Cash Flow, Statement of Owner’s Equity) and MIS reports to management.
o Preparation of Project Financial Status to submit banks & other financial institutions (SIDF) to facilitate funds.
o Preparation of Individual Project Profitability Reports and evaluate further estimated cost.
o Coordinate, summarize, and prepare budgets, variance analysis, forecasts, and strategies for the company.
o Ensuring provision of quality management information & project cost reporting.
o Ensuring all internal reporting (budgets, VOWD, commitments, phasing of expenditure, cash forecasts, variance analysis) is on time and consistent & accurate, “right first time”
o Maintain continuous focus and actions to control, improve all key performance indicators.
o Guide subordinates in carrying out their duties and ensure smooth coordination between departments to achieve department goals and overall company strategy.
o Ensure proper books of accounts are maintained as per the IFRS/GAAP accounting policy and in line with local regulations.
o Treasury Management: Refinance, Issuance of L/Gs (Advance Payment Bond, Performance Bond & Warranty Bond), L/Cs (Inter & Intra), Cash against Documents (CAD), etc.
o Payroll - Employees' Salary, Leave pay and ESB Computations.
o Review & reconcile AR, AP, Banks, Sister Concerns and payment follow-ups.
o Recording & Monitoring of Goods in Transit, Accruals, Prepayments, Inventory, UAR, WIP, Amortization and Depreciation of Assets, Bad & Doubtful Debts, etc.
o Responsible for holding manufacturing plant management accountable for accuracy and timeliness of inventory controls and cost controls.
o Work with both internal and external auditors during financial and operational audits.
Responsible for the monthly general ledger close, balance sheet and income statement analysis, balance sheet and income statement presentation.
Prepare financial statements and supporting schedules according to monthly close schedule.
Facilitate and complete monthly close procedures.
Analyze revenues and expenses to ensure they are recorded appropriately on a monthly basis.
Prepare monthly account reconciliations.
Analyzing financial statements on a monthly basis and report variances.
Payroll preparation of the assigned division.
Assist with financial audits and corporate reporting requirements.
Provides all necessary data and answers any questions received from the internal and external auditors.
Assist in documentation and monitoring of internal controls.
Maintains records of contracts and creates estimates of work and material costs.
Advises on accounting problems and assists team members with work; verifies and authenticates all accounting entries.
Assists in formulation of work measures to maximize efficiency and cost savings.
Cash and bank management related to the assigned areas; preparation of related weekly reports including receivables/collection.
Monitoring of finance and accounting activities on a day-to-day basis to ensure adherence to the policies and procedures of the company.
o Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information.
o Responsible for general ledger.
o Fixed asset processing and reporting.
o Assists in preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports. Assist in providing follow-up and documentation of significant variances.
o Preparation of assigned Quarterly and Annual Statutory Statements. Audits & Examinations:
o Assist with annual external audit. Complete requested materials. Assist in preparing assigned schedules for the annual and interim audit.
o Assist with testing and receive final approval for system reports required for management, financial reporting and general ledger reconciliations.
o Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, targeted balance calculations and enhancements to online services.
o Monitor positive pay exceptions.
o Bank liaison.
o Conform with and abide by all regulatory guidance and internal policies & procedures.
o Document policies, procedures and workflow for assigned areas of responsibility.
o Maintain project log for Senior Accountant position.
o Contribute to department and organization special projects as assigned.
Maintain the general ledger, creating journal entries, accruing and allocating revenues and expenses and various account reconciliations.
Credit controlling and responsible for accounts receivable & accounts payable.
Deal with staffs, payroll calculation, vacation settlements, employee’s vacation scheduling and monitoring of the financial accounts assigned.
Maintained various books of accounts up to finalization and all financial and accounts matters of the hospital.
Handling statutory audit, tax audit & internal audit of Limited Companies, Partnership Firms, Hospitals, Insurance Companies, Banks, other Financial Institutions, etc.