Accountant (Technical assistant)
Kuwait Oil Company ( Artificial Lift -SEK,WK)
Total years of experience :15 years, 6 Months
Technical Assistant refers to those who focus on the technical, day-to-day aspects of contract management work closely with the Contract Superintendent (Team Leaders) when approving invoices. Responsibilities comprises of Invoice Review Process, i.e. execution of Invoices related to various Oil Field Services Contracts to safeguard KOC’s Contract Specific Funds paid to
Contractors, to determine whether the submitted costs are allowable, allocable, and reasonable.
Ensure that invoiced costs are properly supported and allowable in accordance with the Contract Regulations.
Evaluation of invoices in accordance with said business rules to ensure Contract Payment approval.
Resolve disputes aroused because of short payments/deduction by reconcile invoice/s with the contractor/s.
Preparation of Budget comparisons with Monthly and yearly cost (Actual Cost) & reporting deviations.
Formulate monthly progress report for management to identify the progress, difficulties encountered, and anticipated future activity.
Working with SLB was an amazing and long lasting experience of my life, where work assignments were showers like rain and every task was like tight time bounded, I was mostly busy as my job responsibilities were like a HUB between the KOC and the D&M of slb, where I was engaged on an end-to-end business cycle of contract invoicing including multi layered documentation follow-ups within the D&M, aligning with the KOC requirements, submissions, follow-ups with the invoice processing teams within the KOC, resolve technical and documentation related issues and gear up the smooth invoice processing as to achieve my ultimate goal: which was to bring down the DSO (Number of days for outstanding invoices) that effect the cash in-flow which is in fact millions of dollars in worth D&M has earned round the clock via successful services to KOC.
Besides the above, my responsibilities got further extended as I have to maintain internal documentation quality, filing, various systems updates, attending data management events and decision support meetings and many more of a really loaded work environment.
Technical Assistant refers to those who focus on the technical, day-to-day aspects of contract management work closely with the Contract Superintendent (Team Leaders) when approving invoices. Responsibilities comprises of Invoice Review Process, i.e. execution of Invoices related to various Oil Field Services Contracts to safeguard KOC’s Contract Specific Funds paid to
Contractors, to determine whether the submitted costs are allowable, allocable, and reasonable.
Ensure that invoiced costs are properly supported and allowable in accordance with the Contract Regulations.
Evaluation of invoices in accordance with said business rules to ensure Contract Payment approval.
Resolve disputes aroused because of short payments/deduction by reconcile invoice/s with the contractor/s.
Preparation of Budget comparisons with Monthly and yearly cost (Actual Cost) & reporting deviations.
Formulate monthly progress report for management to identify the progress, difficulties encountered, and anticipated future activity.
Responsibilities comprises of post implementation of ORACLE FINANCIAL ERP Technology i.e.: Verification of end results after the data processing among the various modules of ERP.
Provide training support to the End Users for an ERP Project; and design, develop and deliver the training across operational business areas for the implementation of new systems and processes resulting from an ERP upgrade and rollout.
Integrate training approaches, plans and strategies for different groups with varied levels of training maturity (some have well established and staffed training functions and some will be creating training "from the ground up" as part of their implementation).
Report to the Change Management Lead and worked closely with the Lead to determine the plan and approach (for which the Lead will provide significant input).
GPA
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