Financial Analyst
Schlumberger Limited
Total years of experience :16 years, 4 Months
Spearheading finance functions involving determining financial objectives, designing & implementing policies & procedures to facilitate internal financial & process controls and achieve organizational excellence
Providing strategic leadership formulating business plans; annual budgets based on inputs from various stakeholders; building various scenarios with underlying assumptions; supervising and ensuring adherence to budgetary parameters
Conducting variance analysis to determine difference between projected & actual results and implementing corrective actions
Preparing Balance Sheet Notes and supporting month-end which -journal entries, balance sheet and P&L account scrutiny
Managing AR/AP, P&L Analysis, Account Mapping, Processing Accruals, Exchange Rates (Daily & Period) Updating
Creating management tools to measure financial & operational performance viz. financial ratios, trend analysis, variance analysis, key performance indicators and developing financial models for reference
Verifying books of accounts to detect any possible fraud and ensuring that accounts prepared are accurate
Engaging with Business Teams for understanding current and past trends in all areas of revenue, costs, expenses, capital expenditures, market-place risks and suggesting corrective measures; resolving escalations through regular communications with various teams
Working as a Material Specialist - administering Order Management in Oracle and managing Materials Costing; stellar role in:
Developing purchase requisition, purchase order, receiving and issuing of items and sales order processing
Creating new suppliers’, payments processing and processing receivables with respect to clients, suppliers and inter-company
Preparing General Ledger Entries including pre-paid, accruals, allocations and routing reports as required
Classifying the item and its sub-division and assigning according to the category and allocating to relevant projects
Performing physical count for inventory and reconciliation with sub-ledger; approving Journals and Accounting Codes
Facilitating Audits, Process Reviews Internal Control and ensuring compliance with Company’s Policies and Regulatory compliances
Steering automation & standardization of the reporting/ financial process requirements for driving overall efficiency
Managed finance functions, determined financial objectives, designed & implemented policies and procedures to facilitate internal financial /process controls. Headed the Payables, Receivables and Treasury Department’s activities
Formulated business plans/ annual budgets based on inputs from stakeholders, built various scenarios with underlying assumptions and ensured adherence to budgetary parameters. Led financial planning, forecasting, budgeting and monitoring of results versus objectives
Ensured accuracy of information contained in financial reports and their compliance with statutory requirements
Evaluated internal control systems / SOPs, prepared audit reports to highlight shortcomings and implemented recommendations
Managed classification of chart of accounts & creation of new banks, bank branches, handled tax creation like TDS, VAT, Excise Tax and bank reconciliation. Prepared GL entries including Pre-paid, accruals, allocations and routed reports as required
Performed sub-system control including client receivables, fixed assets, payroll and inventory control
Led new suppliers’ creation, payments processing and processing receivables with respect to clients, suppliers and inter-company
Classified the item and its sub division and assigned according to the category and its relevant projects
Growth Path: Joined in Qatar Region in 2011 as Business Analyst
Promoted to Management Accountant in 2013
Later promoted to Financial Analyst in 2015 for Saudi Arabia region
Key Deliverables across the tenure:
Worked on ERP - Financials Module, Payables Module, Receivables Module, Order Management and Purchasing Modules
Performed Monthly Reconciliation of Sub-Ledgers with Trial Balance for OPM, Payables, Receivables & GL as well as Mont-End Closing of Oracle for different modules - OPM, Fixed Assets & GL. Supervised close for Receivables & Payables Modules in Oracle
Facilitated Entries in Assets Module - Assets Additions, Depreciation, Transfers, Retirements, Sales & Re-classification
Provided training & developed manual for end-users with respective modules in ERP, Account Mapping, Processing Accruals, Exchange Rates (Daily & Period) Updating, Approving Journals and Accounting Codes
Provided assistance to the Finance Controller in all month-end activities including month-end journal entries, balance sheet and profit and loss account scrutiny, key reconciliations, variance analysis and submitting monthly financials; handled:
GL Module - Chat of Accounts, facilitating the needs of users for new account set up
Cost Supervisor Module - MAC account mappings, actual cost adjustments, cost calendar set-ups & month end closing
Analyzed investments (Capex, Inventory, Projects, DSO); Performed monthly reviews of P&L and Balance Sheet accounts
Coordinated with internal and statutory auditors for timely completion of audits and obtaining audit reports
Created cash flow, monthly, quarterly & yearly management & finance reports like sales / revenue / suppliers’ payments reports
Growth Path: Joined as IT - Sr. Process Support Engineer and worked with SEW Infrastructure Ltd. as SEW was client of iVAS, later promoted on-roll to SEW as an employee with designation as Asst. Manager - ERP
Key Deliverables across the tenure:
Led a team of 10, worked on ERP - Oracle and handled day-to-day accounting aspects independently. Monitored all Accounts Payable and Accounts Receivable Dept. activities and provided training to the end users & team members on all Oracle Finance Modules
Classified chart of accounts, creation of new banks & bank branches and handled Tax creation like TDS, VAT, Excise Tax, as well as bank reconciliation. Prepared general ledger entries including pre-paid, accruals, allocations and routed reports as required
Performed sub-system control including client receivables, fixed assets, payroll and inventory control
Generated monthly analysis of GL and Balance Sheet Accounts in accordance with GAAP
Developed and evaluated business or project financial metrics and drivers; designed and implemented project controls
Performed balance sheet account reconciliation and prepared associated balance sheet notes
Efficiently coordinated key projects as allocated by the Group Financial Controller
Evaluated and controlled Investment (Capex, Inventory, Projects and DSO), oversaw Payables, Receivables & Treasury Department activities. Participated in physical count (Inventory & Fixed Assets) & reconciled with sub-ledger for submission to External Auditors
Executed monthly reviews of P&L and Balance Sheet Accounts, including business indicators such as profitability and liquidity
Drove monthly analysis based on costs/ revenue, assisted in financial planning, forecasting and monitoring of results versus objectives
Prepared and analyzed Qtrly., Annual Financial Statements - Balance Sheets, Statement of Operations and Statement of Cash Flows
Maintained book accruals, expense allocations and performed GL account analysis as part of month-end close process, P&L variance analysis including review of detailed revenue and cost transactions; organized financial training for field engineers and managers
• Supervised the Receivables, Payables (including Inter-Company) & GL Modules in Oracle
• Successfully worked on ERP - Oracle and routed Accounts Payables like invoice & credit memo creation, invoice inquiry, invoice cancellation, payment & prepayment creation
• Oracle GL (GL: Revaluation, consolidation, general options and allocations, Chart of Accounts, Account Mapping, Processing Accruals, Exchange rates (Daily & Period) updating, Approving Journals)
• Distinction of handling new suppliers’ creation, payments processing and processing receivables with respect to the clients and suppliers and inter-company
• Developed purchase requisition, purchase order, receiving and issuing of items
• Classifying the item and its sub division and assigning according to the category and also assigning to the relevant projects
• Processing all the entries and adjustments in GL module, accounts receivables like manual transactions, deposit invoices, credit transactions, receipts and reversal receipts, etc.
• Bank reconciliation and creation of new banks and branches; Taxes creation and assigning to the projects
• Rendered services as Accounting Manager with preparation of monthly and quarterly financial package
• Efficiently managed General Ledger like Journals, Currency, Taxes, etc.
• Played a major role in preparing and presenting the monthly & yearly management reports such profit and loss account, sales report, Revenue report, Suppliers payments report
• Inputting of supplier invoices and employee expense claims to the ledgers
• Maintain Bank Reconciliation Statement and Reconciliation of Debtors & Creditors
• Preparing MIS report and Maintain General Ledgers
• Review of Outstanding payables & Monitoring receivables write-offs
• Responsible for maintaining accounting ledgers and performed account reconciliation
• Overall functions on Visa & Master Cards
• Identifying fraud transactions on the accounts of the account holders
• Processing the fraud manipulations that are done on the credit cards by the perpetrator
• Preparing & analyzing the reports relating to Cards fraud transactions and submitting to the management
• Charge back the card holder and the merchant
• Completing the claims at the reporting to the Team Leader
• Taking up the unsolved claims and escalating it to the priority and handling the claims at the earliest and report analysis submission to the Team Leader
• Intimating the total frauds to the VISA & MASTER CARD department
Masters in Business Administration
Bachelor of Commerce
