Project Financial Controller
SAMA energy/Kadi power
مجموع سنوات الخبرة :20 years, 8 أشهر
Full responsibility of Commercial & Financial planning, execution, controlling and financial reporting of long term turnkey electrical substations.
Overall responsible of all financial issues on the portfolio of projects after tender phase, i.e., from contract award to TCC&FAC..
Managing cash flow forecast movements on monthly basis. Track overdue status, giving alerts and ensure that follow-up action plan is taking place.
Preparing and attending the consolidated Project Review on a quarterly basis with significant input from Project Manager
1-Drive the company's financial planning.
2-Preparing forecast & budget for the company.
3-Making sure that all accounting entries are complaint with IFRS and company guidelines.
4-Serving as a key point of contact for financial department and auditors.
5-Build up of our finance team (long term)
6-Maintaining adequate internal controls and control environment
1-Ensure compliance with financial and business guidelines.
2-Preparation of annual budget on the BU level
3-Preparation of forecast on the BU level.
4-Examining accounting records, preparing financial statements and reports with established accounting standards(IFRS)
5-Ensure comprehensive review of financials with
special emphasis on accrual and provisions.
6-Monthly financial reporting to management on current Key Performance Indicators (KPIs) for relevant Business Units and analyzing with past trend.
7-Review and approving vendor invoices for payment processing.
8-Ensure comprehensive receivables follow up and provisioning in accordance with IFRS guide lines
9-Ensure revenue recognition to fully comply with guidelines pertaining to construction contracts.(IFRS 15)
10-Actively monitoring Monthly, Quarterly & Year end closing.
11-Responsible for Productivity analysis for Services and reporting of operational efficiencies and their variances from the standard working hours.
12-Coordinating RIC(Risk and internal control) audits in business units.
13-Responsible for maintaining adequate internal controls and control environment.
14-Planning and leading physical assets & inventory audits for the department.
1-Preparation of annual budget.
2-Preparation of monthly, Quarterly & yearly forecast
3-Performing accounting closing activities, preparing ledger entries, approving journal vouchers, reviewing bank statements, inventories and expenditures along with related accounting and financial records.
4-Examining accounting records, preparing financial statements and reports with established accounting standards.(IFRS)
5-Ensure comprehensive review of financials with special emphasis on accrual and provisions according to the IFRS.
6-Monthly financial reporting to management on current Key Performance Indicators (KPIs) for relevant division with past trend and budget/forecast, business performance and regional performance.
7-Setting up profitability standards for upcoming projects acquisitions to ensure optimum absorption of fixed costs.
8-Ensure comprehensive receivables follow up and provisioning in accordance with company guidelines.
9-Ensure order cost & revenue controlling to fully comply with all guidelines pertaining to construction contracts(IFRS 15)
10-Supporting Company / Regional Management with Performance Dialogues on Business numbers
11-Coordinating RIC audits with in division.
12-Responsible for maintaining adequate internal controls and control environment.
13-Liason officer for external auditors.
1-Full responsibility of Commercial & Financial planning, execution, controlling and financial reporting of long term turnkey electrical substations main customer Linde & SEC SAR400M.
2-Overall responsible of all financial issues on the portfolio of projects after tender phase, i.e., from contract award to TCC&FAC.
3-Managed issuance, reduction, recovery and cancellation of bonds and guarantees issued by Siemens to the clients.
4-Controlled accurate foreign exchange coverage throughout the project life: request hedges for selling price and main sourcing items at project start, tracked status of hedges during execution and request roll-over or early settlement based on cash received as needed.
5-Checking, controlling & monitoring of movements in Actuals and Costs Committed on monthly basis: identifying and analyzing overruns versus budget in ERP SAP, searching for root causes, interface with project manager and other relevant teams and asking for corrections when necessary. Ensure that Costs at Completion are aligned with project assumptions.
6-Managing cash flow forecast movements on monthly basis. Track overdue status, giving alerts and ensure that follow-up action plan is taking place.
7-Preparing and attending the consolidated Project Review on a quarterly basis with significant input from Project Manager.
Supervising External Audits
Supervising Internal Audits
Critically analysing Balance sheets
Feasibility Analysis
Book Keeping
(ACCA)Association of Chartered certified accountant.
bachelor's degree in commerce