Sufian Abid

Key achievements:
- Competently manage a team of over 90 accountants that support Drilling Group field operations in Europe, Africa, Middle East, China and Far East
- Oversaw accurate delivery of all aspects relating to profit & loss, balance sheet preparation and other management reports for the business units
- Tailored training program to keep it relevant and current for growing population of accountants
- Led the standardization of key deliverables of an acquired company

Selected achievements include:
- Fully accountable for driving forth a wide range of financial deliverables, including bid profit &loss and contracts review, review of monthly P&L, balance sheet, preparation of quarterly forecasts & annual budgets
- Led efforts to reduce inventory balance (achieved $15m or 42% reduction in 12 months)
- Implementation of standardized bid P&L and review process with focus on price improvement
- Collection of outstanding AR after rigorous follow-up through credit team

Selected achievements include
- Provided useful reports and analyses to Segment Management on financial performance, product margins and sub segment trends for geographies and the results of manufacturing organization as well as managed overhead budget of Segment head office and cost allocation to field locations
- Managed the reconciliation of post acquisition financial statements of newly acquired entities for consolidation into segment financial statements after resolving key reporting issues with Chief Accounting Officer’s team and Treasury department.
- Participated as member of task force on inventory rationalization project; tasked with providing global inventory data analyses, product line identification with the help of non financial business systems data, trend analyses and inventory turnover ratio to Global Materials Manager for further planning and rationalization of Global inventory

Selected achievements
- Promoted to Accounting Manager for Engineering, Manufacturing and Sustaining (EMS) and recruited and trained accountants for newly formed organization
- Reconciliation of supplier advances and balance sheet notes pending for last 12 months
- Completion of bank reconciliations pending for 12 months
- Clean up of Interco Advances
- Streamlining and mapping of the AP processes

Selected accomplishments
- Formulated and implemented reports for quick and streamlined consolidation and reporting of monthly results to regional head office
- Trained, motivated, and mentored local Management Accountants, Receivable Accountants, and Payable Accountants on routine tasks and business processes
- Key participant in the conversion process and implementation of the new Enterprise Resource Planning (ERP) software, Lawson; acted as local support and expert user of both Lawson and Hyperion
- Carried out role of Team Leader and Process Champion for Sarbanes-Oxley Compliance Project for assessment of risk control matrices over processes related to revenue, inventory, inter-company transactions, fixed assets and balance sheet transactions
- Selected for conducting internal audit assignments in other countries to document and review the key business cycles/processes, review compliance with organization’s policies and procedures, and report recommendations

Selected achievements
- Performed month end processes of inventory subsystems of a major business segment and preparing analysis on objectives vs. actual results of key financial statistics
- Promoted and assigned to Iran Team due to successes in
• training and supporting multi-national field users on inventory system / controls / processes.
• designing and preparing new reporting templates that significantly expedited the reporting process and reduced reporting delays.

Part of the professional services team engaged in the time-critical preparation of proposals for audit and allied services, audit planning and preparation of audit programmes
- Allocated workloads and supervised audit staff
- Conducted and coordinated daily meetings with prospective clients and audit staff. Reviewed audit work and finalisation of audit reports