Team Manager
Shell
Total years of experience :16 years, 5 Months
Managing the JV account processes in Basrah Gas projects, Majnoon & West qurna field at Iraq region, Auger at Gulf of Mexico(US), BC10 & BJS(FPSO platform at Brazil), in the following areas -
• Managing the JV Accounting(includes AR, AP, GL, MI reporting, supporting Tax and Asset management’ process for Iraq, Brazil and US regions).
• Work with Top Leadership on any project related agreements and incorporating the necessary setup in the system.
• Manage the P&L of Business operations including the development and execution of Overall Business Strategy.
• Establishing the Lean way of Continuous improvement to achieve the common goal of the Organisation and Team Target.
• Reviewing the pricing contracts and proper basis of Revenue recognition and Accounting as per IFRS 15
• Supporting the Entity Controllers/Finance Manager to ensure the financials are reported on a monthly basis.
• Adherence to regulatory tax reporting and compliance by way of reconciliation between Revenue and Regulatory.
• Accounting of Revenue, Royalty, Inventory, underlift and overlift as per IFRS standards and SOX compliance
• Analyzing the fluctuation in volumes/values and provide comments to the internal stakeholders(Budget vs Actual)
• Gathering the business updates to understand and sorting out the asset specific challenges(Budget vs Actual)
• Performing the performance and appraisals along with the key stakeholder and focusing towards Continuous improvement on the business and process.
• Forecasting the payments/receipts and support in effective management of cash flows.
• Co-ordinating with SIETCO(oil Traders) and Business to forecast the upcoming the oil sales.
• Ensuring the SIETCO sales invoices are raised as per BOL, LOI and pricing and subsequently collected from Customer on time to improve the working capital and Cash flow management.
• Reporting the Treasury Front office about the expected receipts to effectively use of receipts instead of buying loans with Interest.
• Addressing the Risk by proactively sending the Forecast reporting of outcoming payments to Central Treasury to manage the funds
• Monthly review with Entity Controllers to review/ensure the proper accounting in financial statements.
• Ensuring KPIs are performing well and demonstrating the sustained performance.
• Leading the team in co-ordination for any internal/external audit.(Audit)
• Risk Management - Addressing the risks within the process as part of RCI exercise and pro-active in defining the Financial Control (Audit).
• Control Self Assurance Testing - Being a focal for performing the testing of the assigned control and providing guidance in Risk management and control effectiveness(Audit).
• Sharing the observations/results to stakeholders and having critical conversation to implement the new ways of workings within the process(Self Assurance Audit).
• Defined the control for Brazil Revenue Region and successfully gone live collaborating with GRA business/Deployment team and Controller(Audit).
• Focal for Payroll Accounting for Shell Gas Iraq BV - obtain the Shell and contractors staff to reconcile with customer staff lists (Basra Gas co) and ensuring the costs are recovered against respective cost center
• Defined new ways of working and agreed timelines to stabilize the payroll accounting process
• YE Settlement with customer (BGC), by way of preparing the reconciliation between costs and recoveries and execute the settlement to ensure there is no under/over recovery before end of each calendar year as per contract obligations.
• “At cost Audit for Payroll costs” - Being a coordinator, exhibited strong collaboration skills with the respective SBO centers to collate the details for audit requirements and to ensure smooth audit closure for obtaining cost certificate”.
Areas of Expertise: -
Being a part of Asset Management group handling the process related to Retail business, which provides the properties to the customer under lease agreement. Managing the process in the below areas -
• Leading the Finance process of Account Receivable/Accounts Payable/Reporting& Analysis(Asset Management Group) with 7 Members, which involves booking the revenue and cost associated to the maintenance a property. And analyzing complex financial data related to revenue, cost spent etc., and interpret data for the purpose of determining past financial performance and to project a financial probability
• Reviewing the preparation of workings and approved budgets; ensure that expenditures against the budget are properly monitored with necessary grants and contracts
• Preparing the GL Reconciliation for expenses, suspense account and suggesting Journals/ correcting the wrong postings
• Reporting the cash flow statement and the Balance sheet.
• Allocate the work and ensure the job has completed with SLA.
• Having the weekly meetings with the team members for each process to discuss about their issues and any process improvements
• Engaged in six sigma projects, Kaizens and identifying the improvement areas. Opex Silver Award - Awarded with a memento for achieving the successful kaizen and Six Sigma Projects (Yellow Belt Project)
Areas of Expertise: -
• Managed the Norway, Sweden & Finland Treasury Bank Acounts and ensure the operations between the in house bank are carried out efficiently.
• Ensuring all the Bank balances are monitored and proactively work on addressing the fund requirements to facilitate the outgoing payment.
• Ensure all the Balance sheet accounts related to Bank /Bank clearing accounts are reflecting the right value on a daily basis and providing the support for the half yearly Audit from Head office.
• Ensure all the daily bank statements are interfaced from Bank portal to SAP entity and monitoring the necessary accounting posted to respective General Ledgers.
• Ensure all the customer receipts and Vendor payments/ any rejection of payment or receipts are addressed immediately and taking proactive steps to clear all the unapplied cash receipts/payments.
• Managing the Finance controls to ensure all the bank related transactions are evidenced and operated effectively and efficiently.
• Handled the Account Receivable/Accounts Payable/Reporting& Analysis process with 8 Team Member, which involves revenue bookings for containers used and for shipment charges. Payment will be initiated for buying the accessories/maintenance of the container. Monthly IG reconciliation and AR to GL reconciliation will be carried out and necessary adjustment are accounted in the books.
• Scheduling the weekly call to discuss the IG imbalances and action plan required to clear the open items. Collating the details for Monthly review meeting and Regional meeting.
• Identifying the improvement areas and taking initiatives and also involving member / guiding member to take initiatives.
• Handling Intra group reconciliation and attestation of balances for each entity
• Analyzing the AR balances and initiated the project which envisaged the Repayment capacity of each customer / Intermediary (trucker). Resulted in collecting 50K usd by avoiding the incorrect billing
• Reduction in Cost & Time taken- By way of simplification and standardization in manual invoicing, Cost of 300 hard copies( per day), its related printing cost and time spent on preparation were saved
• Expertise in preparing the scope of Audit and conducting the Audit
• Involving Stakeholders on the risk management and suggesting the new ways of workings.
• Managing audits like Stock audit, Fixed Assets audit & valuation, Verification of Financial statement(TB/P&L & B/s)
• Audit experience in various firm like Manufacturing, Banking, Media, Government and NGO
• Preparation of Audit reports and submitting it to Board of directors/respective Stakeholders