Finance Business Partner (Business Unit Cost Control)
Urbacon Trading & Contracting (UCC), Qatar & Saudi Arabia
مجموع سنوات الخبرة :18 years, 6 أشهر
Reporting to Executive Director (Urbacon Saudi Company - PMV) and Cost Control Director
Qatari based UCC is an international construction services company, subsidiary of Power International Holding (PIH), a diversified business conglomerate in General Contracting, Real Estate & Food Industries (Baladna).
Aug 2019 - Jul 2023 at Qatar
Aug 2023 - Present at Riyadh (Saudi Arabia)
# Responsible for driving the development and maintenance of an annual operating plan, budgeting/forecasting process, variance analysis, and interpretation of trends in Budget vs Actual, recommending actions through collaborating, coordinating, and supporting all department heads and business unit heads.
# Collating and reviewing Equipment Monthly Cost Review (EMCR) reports for approximately 2, 000 fleets worth USD 110 million to assess work progress against baseline plan, improve visibility to make proactive management decisions.
# Monitoring daily revenue dashboard analysis of each equipment and vehicle with actual fleet utilization and monthly study of Breakdown, Idle Revenue Loss and Breakeven costs.
# Presenting "What-if" scenarios for budget assumptions and forecasting strategies for new business investment proposal avenues with Cost Benefit Analysis (Buy vs Hire).
# Evaluating the efficiency and adequacy of internal controls over Fleet operations (Revenue Recognition, Depreciation, Procuring Materials, Equipment Disposals, Maintenance (Preventive & Corrective), Labor Overtime, External Hiring, Insurance, TUV Charges, SG&A, Group Overheads) within the equipment rental division and external hire division especially Purchase Requisitions, Quotations, Purchase Orders, SRVs, CBS, Petty Cash Verification and adherence to approval Delegation of Authority policies and procedures.
# Translating financial results into Operational KPI metrics and Financial P&L's providing valuable insights and actionable recommendations for Business Unit leaders.
# Demonstrating true "Business Partnering" through sound financial analysis, routine guidance, training, and collaboration with Operations, Commercial, Procurement, Finance & Business Unit Heads as well as other ad-hoc / value-add analysis.
# Determined recipe pricing for over 1, 200 food items, examined daily itemized food & beverage (F&B) MIS dashboard reports, fast & slow-moving menu, and wastage analysis in Excel to optimize profitability for internal senior management review.
# Administered accounting systems to ensure proper annual budgets, quarterly forecasts/estimates, financial statement analysis, contract costs, and scope are controlled and reconciled with internal and external client management teams to identify new revenue opportunities, propose solutions to variance analysis, and minimize cost for attaining positive financial performance.
# Managed monthly client sales Invoicing from creation in SAP to follow-up with client for receipt of cash payment worth USD 1.9 million including back charges and stock transfers.
# Performed physical verification of fixed assets in possession and conduct inventory audit spot checks to examine incoming and outgoing materials, scrap sales, and keep stock at an acceptable level for proper utilization.
# Supervised, Trained, Directed and Oversaw the activities of Assistant Cost Controller and Stores Team of 9 staffs to ensure they maintain accuracy of data and attention to detail.
# Verified and Processed 400 supplier invoices weekly in SAP, Managed & Reconciled USD 1.35 million payroll in SAP and arranged Salary on right time for 2, 500 employees across 26 locations for 11 months as additional responsibility to support head office until filling Accountant position.
# Provided project executive operational and maintenance reports (O&M) in India and Botswana by assessing the actual cost incurred, tracking project commitments, calculating net working capital, cash flows, and evaluating the accuracy of the project forecast, financial performance, and exceptional variance reports.
# Managed and controlled various strategic business units project performance approx. USD 250 Million deploying end-to-end Finance process (Annual budget, monthly forecast, quarterly estimates until EBITA level, vendor payment approval based on contract, project closing, AR & AP Aging).
# Identified & prepared provision journal entries for cost overrun, bad debts, loss recognition and warranty provision in co-ordination with all internal stakeholders.
# Acted as an internal auditor for monthly scrutinizing of site accounts, commitment costs, accounts receivable (AR), accounts payable (AP), staff & labor allocation, labor productivity, sales & general administration (SG&A), fixed asset utilization, scrap sales, and physical stock verification to recommend criticality on audit findings & implement appropriate business processes that streamline department’s / business unit’s accounting policies, reporting procedures and practices.
# Detailed micro-level monitoring through cost variance analysis against budgeted baseline values on a monthly basis to facilitate senior management in various strategic business units and CFO by providing insightful trends and solutions for developing strategies for optimization of cost and revenue.
# Trained & presented Non-Finance Executives and Managers for understanding basic accounting concepts and financial terms on monthly basis.
# Prepared Monthly Cost Control MIS Report for Special Projects like Diaphragm Wall C909, SLNG Tank, Marina Bay Sands highlighting the actual cost-to-date, tracking Project Commitments, analysis of variances and re-forecast of balance to complete the project
# Produced and analyzed Cost of Sales Spreadsheet and generated monthly Sales Performance MIS reports for Steel BAR Sales Division -Joint Venture with Stahlwerk Annahutte, Germany
# Coordinated, reviewed & analyzed Quarterly Budget for multiple projects and work with project teams to develop budgets to meet the financial goals set
# Setting up of Project Chart of Accounts, Establish & Maintain Master Cost Breakdown Structure (CBS) for Projects & Department Overheads
# Automated and streamlined various processes of Petty Cash, Journal Voucher, Marketing Tender, Stock Movement, Equipment Utilization Report, WIP and Staff Cost Analysis resulting in reduction of 50% in time spent and end user training
# Generated daily manufacturing MIS reports of process flow, wastage segregation, fabric availability stock report, stock aging and power consumption to management
# Oversaw & Managed operation of warehouse management by automating stock control system and reorganizing physical storage of fabric stocks which reduced time spent on inventory by 20%
# Prepared, Reviewed & Evaluated 175 Monthly Site Activity Reports (SAR) highlighting the actual cost-to-date & remaining cost to complete the project for Kolkata Region & Special Projects like Bandra Worli Sea Link Project, RAPP & Second Vivekananda Bridge
# Prepared & Examined MIS of Monthly Operations Report for all project activities to ensure effective and efficient decision-making leading to profitability of the organization
# Supervised regional cost controllers and delivered guidance and training to prepare & analyze cost control reports regarding SAR, Quarterly Estimates, Stock report, Labor, Staff Allocation, Equipment Utilization, WIP & Clarifying the doubts raised by them
# Generated daily / monthly MIS Reports of Production Status, Contribution Statement Analysis, Variance Analysis, Machine-wise Production Loss Analysis, Wastage & Rejection Analysis, Efficiency Analysis, Department wise Power Consumption & Gassing Consumption
Pursuing Certified Management Accountant ~ CMA in The Institute of Management Accountants, USA # Passed CMA Part 1 Exam - Financial Planning, Performance and Control on 28th Oct 2023 # Expected Completion of Part 2 CMA Exam: Strategic Financial Management by Jun 2024
Master of Management & Systems (MMS - Combination of MBA and MCA)
