سامسون فرناندو

Shamal Azour Al Oula KSCC is the first PPP in State of Kuwait under new Independent Water & Power Project (IWPP) Law. Development, Financing, Construction and operation of a gas- fired combined cycle power plant of at least 1, 500MW and an associated water desalination plant with a capacity of 102 to 107MIGD. It is a Consortium of ENGIE (Formerly known as GDF SUEZ), SUMITOMO.

• Ensuring the compliance of the Companies with shareholders' Finance and Accounting policies and reporting requirements.
• Define and maintain compliance with IFRS rules, in line with shareholders accounting policy.
• Finalizing monthly, quarterly, half-yearly and yearly financial statements of the companies and workings / schedules relating to financial statements.
• Ensuring that the management accounts are prepared in different accounting standards & IRFSs (IFRIC 12 & IFRIC 04) for different consortium shareholders.
• Develop and implement Company's internal rules and guidelines according to the expansion requirement of the company.
• Ensuring that the requirement of company law, IWPP/IPP law, CMA (Capital Market Authority) CSE (Stock Exchange) and other local directives and regulations are being fulfilled.
• Contributing to the watch and assessment of the regulations, in particular with respect to finance, accounting and fiscal matters.
• Ensuring that accounting and other related administrative record of the Companies is maintained properly. Checking and reviewing accounting record for accuracy and completeness.
• Supervising the work carried out by accounting and tax advisors and suggesting more practical solutions whenever applicable.
• Implementation and maintenance of Company's accounting and reporting systems.
• Understanding of the Business Model, being informed about Construction and Operations and impacts on the financial reporting.
• Analyzing business model interoperations and convert that in to financial data under the IAS/IFRSs and perform various comparisons and analysis to CFO & CEO.
• Participate to the set-up and update of the forecasting model, including monthly rolling forecast, Budget and Medium-Term plans.
• Preparation and updating monthly cash flow forecasts in order to facilitate loan drawdowns from the international lenders
• Preparation of drawdown requests to international lenders and provide expense reports to lenders as per the loan covenants
• Liaise with international lenders, International banks and local banks for the project funding and to manage day to day payments and receipts
• Travelling internationally to attend the meetings with international lenders to discuss the project status, risks and opportunities on ongoing basis.
• Make sure that the interest rate swaps in line with the lenders requirement and making sure the corrected accounting treatments are applied for cash flow hedges
• Assisting CFO in preparation of the hedge documents according to the group treasury policies and procedures
• Monitoring and analyzing the over hedge/ under hedge situations and bring to the attention of CFO and seek the solutions under the agreed terms of loan contracts
• Participate to the monthly technical data validation before issuing the monthly invoices to buyer/off-taker.
• Review and confirm the information mention in the invoices issued to buyer/off-taker.
• Analyzing Operation & Maintenance agreements with O&M.
• Responsible for various audits of the companies and to liaise with external auditors and Internal Control Officers. Implementation of action plans in relation with internal audits and internal control.
• Ensure that the company is compliance with Tax Law in the country and make sure tax retentions are held accurately and follow-up for tax clearance certificates.
• Calculation and provision for applicable taxes such as Zakat, KFAS, NLST, income taxes, differed taxes etc.
• Supervising staff and work done by subordinates to ensure effective performance of staff.

• To ensure that proper books of record are kept on all transactions of the company.
• Collating information, preparing and interpreting reports based on the top management requirements.
• Preparation of Monthly Management Accounts and reports to the Group.
• Developing financial management mechanisms that minimize financial risk.
• Undertaking strategic analysis and assisting with strategic planning.
• To ensure that revenue is properly recognized based on IFRSs and GAAP.
• Preparation of quarterly and yearly financial statements based on IFRSs.
• Recording of all assets in the system and make reconciliation of general ledger with the asset register.
• Preparation of cash flow forecasts, managing cash flows, monitoring and interpreting cash flows and predicting future trends.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Analyzing the cost line items and investigates the variances.
• Liaise with External and Internal auditors.
• Developing of annual budgets, forecasts and financial targets.
• Providing effective supervision and monitoring the construction team activities in accordance with accounting policies and controls.
• Supervising staff and work done by subordinates to ensure effective performance of staff.
• Managing company’s financial accounting, monitoring and reporting systems.
• Producing accurate financial reports to specific deadlines.
• keeping abreast of changes in financial regulations and legislation

• Carried out statutory and non-statutory audits in a wide spectrum of organizations including manufacturing, plantation, hotels, construction, banks, companies engaged in foreign trade, retailers and wholesalers, garment manufacturers, and non-profit making organizations.
• Preparation of overall audit plan and detail audit programs having adequate understanding of the organization and it’s environment.
• Carrying out audits by using audit soft ware package.
• Identification of the general and specific risk factors within which organization’s operations are conducted.
• Reviewing financial statements at planning stage and final stage of the audit.
• Allocation of staff to several audits engagements and liaison with the client management.
• Preparation of audited financial statements including consolidated financial statements and other management reports as per client’s requirements.

• Preparation and submission of monthly management accounts and other financial/statutory reports on time
• Preparation of annual corporate plan & budget and achieve it.
• Providing necessary information for upper management for their decision making.
• Maintaining, reviewing, setting up and ensuring the compliance of all internal control aspects of the company.
• Supervising work done by subordinates and ensures effectiveness of internal controls within the accounts department.
• Liaising with The Department of Inland Revenue, external auditors and tax consultants with regard to all taxation and other statutory requirements.
• Liaising with the banks on the issues related to operations and transactions of the company.
• Making sure the optimum utilization and safe guarding the company’s assets.
• Ensuring full recovery of third party receivables.

• Carried out statutory and non-statutory audits in a wide spectrum of organizations including manufacturing, plantation, hotels, construction, banks, companies engaged in foreign trade, retailers and wholesalers, garment manufacturers, and non-profit making organizations.
• Preparation of overall audit plan and detail audit programs having adequate understanding of the organization and it’s environment.
• Carrying out audits by using audit soft ware package.
• Identification of the general and specific risk factors within which organization’s operations are conducted.
• Reviewing financial statements at planning stage and final stage of the audit.
• Allocation of staff to several audits engagements and liaison with the client management.
• Preparation of audited financial statements including consolidated financial statements and other management reports as per client’s requirements.

• Carried out statutory and non-statutory audits in a wide spectrum of organizations including manufacturing, plantation, hotels, construction, banks, companies engaged in foreign trade, retailers and wholesalers, garment manufacturers, and non-profit making organizations.
• Preparation of overall audit plan and detail audit programs having adequate understanding of the organization and it’s environment.
• Carrying out audits by using audit soft ware package.
• Identification of the general and specific risk factors within which organization’s operations are conducted.
• Reviewing financial statements at planning stage and final stage of the audit.
• Allocation of staff to several audits engagements and liaison with the client management.
• Preparation of audited financial statements including consolidated financial statements and other management reports as per client’s requirements.

Assisting day to day bank operations and front office customer services. Recoveries of loan.