Group Financial Systems Manager
Petrofac
Total des années d'expérience :23 years, 2 Mois
• Leading design and improvements of group financial reporting processes through challenging the existing business processes proposing and recommending the best in class financial processes, systems, applications and policies across the group
• Providing consultancy and business support for Global Finance IT projects by assisting the vast end-user community in using and utilising the financial systems efficiently and effectively, and by adding improved functionality on a continuous basis
• Successfully implemented Hyperion Financial Management (HFM) for group reporting and consolidation that included system design and building workflow for group consolidation process, developing Keystone (an intermediary data cleansing tool between transactional systems and HFM), running classroom workshops around the globe to provide training and testing of the complete solution by businesses
• Successfully implemented Hyperion Planning with state-of-the-art driver-based budgeting and forecasting models for lump-sum EPC contracts, production sharing E&P contracts and reimbursable contracts
• Leading development of group dashboard reporting for executive management and participating in various analytical initiatives in group finance, collating and analysing data in various financial systems to present actionable business insights
• Drafted new group Intercompany Policy to expedite settlements, efficiently manage intercompany reporting and minimizing intra-group exposures
• Help Corporate Finance team with their management and statutory reporting and audit etc.
• Reporting to the Divisional CFO providing strategic financial and business support to operations worth US$90 million of Technical and Consultancies part of Integrated Energy Services (division of Petrofac)
• Involved in strategic planning, performance management and quality controls of financial processes
• Part of risk reviews, tax planning and new country entries, setting-up new offices of businesses
• Review management reporting, setting budget targets and management consolidation of accounts
• Representing Petrofac on the board of directors of joint venture
• Board room activities and managing performance of the training centre in Baku
• Liaising with JV partners on operational matters
• Member of the executive management of Training Services providing strategic financial support to operations worth US$110 million spanning all over the globe
• Involved in strategic planning, performance management and quality controls of financial processes
• Review management reporting, setting budget targets and monitor financial performances
• Managing maintenance of books of accounts, preparing management reports, cash and operational forecasting, annual budgets, managing accounting of subsidiaries in UK, Australia and New Zealand and consolidation of accounts of subsidiaries of drilling business of Petrofac aggregating US$50 million
• Dealing with banks and managing supplier payments, customer receivables and payroll processing including statutory compliances
• Preparing and presentation of financial performance including profitability, forecast variance, receivables analyses of the company
• Managing monthly consolidation of subsidiary companies, preparation and review of monthly management accounts and reports of the Petrofac group
• Maintenance of management reporting application (Cognos Controller with Executive Viewer) by incorporating improvements in line with the management’s requirements
• Compilation of management budget packs and board presentations involving 5 years business plans and growth analyses. Devised templates and submission requirements for quarterly forecasts and annual budgets
• Preparing extensive Analytical Reviews for Group CFO of Petrofac for briefings to corporate analysts at the time of public announcement of audited half year and annual results
• Assistance to Group Financial Controller of Petrofac in reporting to the board of directors including preparing analyses, presentations for board meetings, management accounts, forecasts and budget briefings
• Preparing monthly accruals of cost and working on monthly closing
• Reviewing variance analysis reports and preparing monthly management report
• Compiling annual business plan and budget for the company
• Significant contribution towards implementation of ShipNet for accounting and demurrage modules
• Evaluation of demurrage claims and performance claims from owners of chartered vessels
• Set-up the Internal Audit function for the group
• Review of policies and procedures for improvements in internal controls
• Review of products costing, profitability analyses and analysis of production losses
• Key assistance to consultants in designing and implementation of ERP comprising Financial, Payroll, Inventory, Asset Tracking, Production Management and Costing Modules in Oracle
• Prepared feasibility study and analysis for a new spinning unit
• Managed a portfolio of audit clients that included multinational companies, banks and financial sector companies. These included Union Bank/the Bank of America N.A, Prime Commercial Bank, Atlas Honda Motorcycles, Petrosin Ravi Industries, PEL Daewoo Electronics, Lahore Stock Exchange, Textile Spinning, Weaving and Knitting Companies. and CDL Foods Limited
• Tax and corporate consultancies to clients
Chartered Accountant
Full-time Foundation Course