Venture Control Accountant
Qatargas Operating Company
Total years of experience :10 years, 6 Months
Provides accounting support and reporting activities in areas of revenue, production, products inventories, project work-in progress, Cash Forecast & excess cash distribution, and accounting for income taxes in accordance with IFRS and GAAP. Accruals Accounting. Cost allocation & Control. Variance analysis. Assisting in preparation of budgets.
Ensures timely and quality month end closing, submission of financial and other statutory reports to Shareholders, management and State of Qatar entities.
Review, analyze and resolve issues through liaison and contact with cost controllers in Commercials & Shipping, Maintenance and Operations department on issues relating to accounting of Refinery Operations.
Assist and participate in developing guidelines, efficient processes, and procedures necessary to support operations and project expansions. Refine these things as conditions change.
Ensures compliance with promulgated accounting principles & Standards, sales and purchase, fiscal agreements, construction, operating and maintenance, and other relevant agreements.
Provides assistance in the review of drafts of agreements affecting Operational activities with regards to the various intricate inter-relating agreements with other ventures and entities.
Support the training and developing of staff to perform their role and maximizing competencies for their continued professional growth.
Assist in finding ways to improve system, control, and efficiency through process improvements.
Contribute in assessing the development of operations and project accounting; and SAP systems.
Responsible for monitoring payment of direct cost Invoices, booking of sales invoices and monitor the payment collection. On a quarterly basis, responsible for preparation of the sales listing for submission to Sales department. Coordinating for the interest computation on the late payment of sales invoices. Monitoring section KPIs to ensure on time delivery of all reports.
Key Achievements:
Contributed to a 1 working day reduction in the month end close through process optimization. Successfully led the integration of Revenue Accounting Division (Policy, Procedure, function & systems) of the world’s two largest LNG suppliers. Generated insights about the business through on-going and ad-hoc analysis of operational performance. Documented financial/operational processes and procedures to address divisional requirements. Built strong partnerships with operating units and brought about consistency in accounting and reporting methods. Replaced manual process of keying-in revenue invoices with automated invoicing program saving up to 80% of time and other resources. Honored with department Spot award for training and development of national graduates.Contributed in implementation of automated Cost allocation SKF program resulting improved accuracy and timeliness.
" Processing of Vendor Invoices related to Projects (QG1/2/3/4, Refinery, RLTO, JBOG, PMP etc.)
" Processing of QP, RASGAS, AKG and Other Intercompany Invoices based on Cost sharing Agreements; and as per QG approved Cost Allocation.
" Verify the vendor Invoice (Unit Prices, Rates, and Calculations) with Commitment Document (Contract, Engagement Letter, CWO, and Agreement) & follow-up with end- user for invoice Approval/PO/SE.
" Posts data to various ledgers, registers, journals and logs following established accounting techniques and procedures
" Monthly/ Quarterly Reconciliation of General ledger, Trade Payable (local/ Foreign Vendors) GR & IR Accounts.
" Frequently liaise with respective Cost Controllers, OPCO Accounting, QG Supply, Legal/Audit, BS&C, Warehouse, QG Security, General Services, Maintenance, Vendors, & Suppliers.
Manage all quote and order processing activity for the facility in line with business requirements.
Single point of contact for addressing assigned customer inquiries and through the involvement of personnel from manufacturing, engineering, procurement, warehouse and project management as required, ensure timely and accurate completion of quotations, order fulfillment, Shipment and invoicing.
Review customer inquiry packages and prepare detailed quotation packages in response to these inquiries.
Process subsequent sales orders through the SAP business system.
Arrange, attend and manage meetings with customers for project type sales orders along with guidance from the customer’s outside sales representative to co-ordinate customer/third party activities per terms of the purchase order, including engineering, design reviews and production review, witness points when required.
To book entries of customer receipts to appropriate ledger accounts, deposit collections in the bank account, and reconcile collections with bank statements. Follow up and monitor the customer account details for non-payments, delayed payments and other irregularities, research and resolve payment discrepancies. Generate the ageing analysis to ensure compliance.
Facilitate new customer registration and Order management, maintain AR customer files and records.
Develop payment recovery system and initiate collection efforts.
To communicate with customers via phone, email, or meeting personally.
To assist with month-end closing activities. Collect data and prepare monthly metrics.
Managing cash, reviewing and checking expenses, document management, entering data for logistic business.
LC Reviews and document negotiations with customers and banks.
Any other works related with accounts and finance Department.
Attending meetings with Finance personnel on matters related to Collections, past due payments, invoicing and other customer issues.
Mutual Fund Accounting, Securities analysis, Mutual Fund Analysis.
Reconciliation of the Fund shares, income, accruals with the balance of Transfer Agent.
Posting of Income/expenses/corporate actions related to the Fund.
Analyze/Research discrepancies (if any) in income & expenses impacting Fund NAV.
Accruing of Interest/Dividend income to the Fund.
Analyze/Research of Trade Reports impacting Fund NAV, Processing of Fund NAV and sending to the
NASDAQ/Transfer Agent.
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