ويلفريدو كيتو

As an Accounting Manager at DDC LAND INC, I controlled and managed all financial accounting activities of the company. I am responsible for ensuring stockholders are aware of their financial position on a regular basis and have all the information necessary to make meaningful financial decisions. In this position, I lead the development and implementation of budgets and key financial decisions, and make recommendations for more effective management strategies.

Reporting to the Comptroller and CEO and managed five qualified accountants and three compliance team.

Duties and responsibilities:
• Manages and oversees the daily activities of the Accounting and Compliance Department. (month and end-year process, Account payable/receivable, cash receipts, general ledger, budgeting, cash flow forecasting, revenue and expenditure, variance analysis, capital assets reconciliations and fixed asset activity and inventory.
• Responsible for maintaining company Balance Sheet, Profit & Loss Account and co-ordinate with Statutory Audit including project cash flows and project budgets.
• Regularly update and monitored the daily task of the accounting team in preparation and submission of monthly financial report to be submitted to the Management and resolve accounting discrepancies and irregularities.
• Assigns tasks and supervises Accounting team to ensure accuracy and timely compliance to the Bureau of Internal Revenue, Securities and Exchange Commission, Board of Investment, and other government regulating bodies.
• Produces company’s financial statements and other financial reports on a monthly basis.
• Collaborates with external auditor for the completion of annual audit procedures.
• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Maintains accounting controls by establishing a chart of accounts; establishes accounting policies and procedures.
• Improves accounting systems and procedures and provide recommendation or initiate corrective actions
• Perform other duties as assigned by the Comptroller and President
Key Performance Indicator
• Tax returns and other statutory requirements are filed and/or paid on time.
• Financial transactions are all accounted for and recorded on time.
• Financial Statements and other reports are prepared and submitted on time.

Roman Decoration and Interiors is primarily engages in a business interior Decorations

Job Summary: Perform financial analyses and prepared financial data to estimate future costs and revenues, create budgets and prepare internal reports which are used to make business planning decisions to develop and analyze key financial information to ensure that the organization’s management makes well-informed to ensure future stability, growth and profitability.

Duties and Responsibilities:

• Prepare financial statements for quarterly and annually tax returns.
• Prepare journal entries, perform month-end closing, analyze financials and report any variances.
• Manage and analyze accounts receivable and accounts payable and aging reports.
• Prepare and adjust entries and trial balance, account and bank reconciliations and financial statements.
• Analyze reports of profit and loss to determine the profitability of the company.
• Ensure that sufficient funds are available to meet on going operational and capital investment requirements.
• Coordinate and assist in preparation of annual budget and business plans, together with highlighting and monitoring company's performance through a system of budgetary control.
• Oversee day-to-day cash management, expenses, and payables.
• Maintains cash flow by monitoring bank balances and cash requirements.
• Liaises with corporate banks to ensure that appropriate services are provided in respect of all transactions pertaining to bank accounts
• Liaises with the Finance team and other Departments to obtain relevant data to prepare monthly cash flow forecast
• Daily cash position report for management’s review and decision making.
• Coordinates with the Group Treasury Accountant for any letter of credit or letter of guarantee requirements.
• Prepares the year- end audit pack and coordinated for tax related matters.
• Provide appropriate, accurate and timely financial information, analysis and advice to the managers, & finance colleagues so as to enable them to full fill their responsibilities.

Action International is primarily engages in a business in Engineering and Construction in the field of Groundwater Control, Industrial Services, Specialized Equipment Rental, Oil and Gas and Water Treatment.

Achievements and attainments :
•Successfully arranged to implement all necessary internal controls within few months after taking charge as a Management Accountant for the organization.
•Ensured full disclosure and a thorough analysis of all accounts, revamped procedures effecting a substantial savings in terms of cost and time.

As a Management Accountant at Action International, I controlled and managed all financial accounting activities of the company. I am responsible for ensuring stockholders are aware of their financial position on a regular basis and have all the information necessary to make meaningful financial decisions. In this position, I lead the development and implementation of budgets and key financial decisions, and make recommendations for more effective management strategies.

Reporting to the Finance Director and Financial Controller and managed one qualified GL Accountant.

Duties and Responsibilities:
• Manages and oversee the day-to-day activities of all accounts and finance activities of the company
• To support the senior management with the preparation of the monthly and quarterly management accounts, budgets, cash flow, including P&L statements, balance sheet, supporting analysis and accompanying narrative business performance.
• Coordinate and assist in preparation of annual budget and business plans, together with highlighting and monitoring company's performance through a system of budgetary control.
• Providing a support service by working with all departments and the management team to help make financial decisions.
• Control all expenses in the line of budget by continuously monitoring and taking timely action
• Perform accounting transactions for the issuance of monthly financials which will include, but not limited to revenue, expenses, prepayments, accruals and any other necessary transactions.
• Coordinates with the Group Management Accountant for the finalization of the financial statements and monthly business unit reports.
• Accountable for monitoring the progress of projects, investigating variances, reviewing expenses and ensuring that project billings are issued and payments collected..
• Supervise work of staff accountants processing payroll/ accounts payable, cash receipts, inventory/fixed asset records of the company.
• Monitored day to day operations relating to follow up on outstanding payments and work instructions.
• Examine collection reports to determine status and recommend changes in current collection practices and policies accordingly
• Manage the calculation and recording of monthly depreciation in line with company policy.
• Conduct regular asset count to verify existence of the assets maintained in the fixed asset register. Identify any discrepancies and highlight potential losses from missing assets.
• Monitor and account for retirement of fixed assets. Maintains schedule of assets retired with a calculation of the gain (loss) on retirement of assets.
• Monitors and account the movement in inventory balances.
• Manage the calculation and recording of monthly provision for slow moving stocks in line with company policy.
• Reconcile of inventory schedule with the general ledger of inventory and provision for slow moving stocks.
• Maintenance of daily cash flow forecasting including reviewing bank balances and carrying out daily transfers as needed .
• Weekly and monthly bank reconciliations of all company bank accounts.
• Handles the company’s petty cash float and liquidates expenses on a weekly basis.
• Communicates effectively to the auditors during the course of the audit in providing audit schedules and explanations related to the role.
• Prepares the year- end audit pack and coordinated for tax related matters.

The MOQ Company is the leading oil producer offshore qatar and a recognized pioneer in oil development and production techniques:

Project: Al Shaheen Oil Field Development, Block No.5, Arabian Gulf, Qatar.
Al Shaheen Offshore Complex comprised several Offshore Installations, including two FPSO and Mooring Offloading Facilities, which included the execution of major Process and Utility Modifications on various Offshore Facilities and interfacing at various levels, including future MOQ Greenfield Project Developments.

Reporting to the Head of Planning and Cost Control.

To support and develop the general cost control function for Engineering and Projects department in order to ensure all cost are followed and verified in accordance with Company procedures. Ensure timely verification and processing of all invoices and prepare and issue all commitment documents.

Duties and Responsibilities:
• Focal point for E&P commitment and expenditures.
• Organize and handle general cost control functions within the E&P Cost Control Group. Ensure that all invoices are allocated to correct cost center and timely verified and approved.
• Responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
• Ensure that all commitments created are supported with agreed proposal/quotation from the vendor.
• Ensure that all information in Commitment System is correct and old commitments are closed in a timely manner.
• Perform verification of invoices against relevant commitment and agreed terms & conditions.
• Responsible for the financial monthly preparation of accruals, Engineering, Helicopter cost and Construction Cost Allocation and submit them to Finance department.
• Monitoring of actual expenditures versus budget on cost centre basis.
• Checking commitment versus estimate on per job basis with coordination to respective engineers.
• Creating Vendor Master Data in SAP
• Assist Project Engineers in raising Service Orders/Commitments in SAP
• Prepare monthly estimates with cash flow forecasts, accruals, construction cost allocation, commitment overrun, and commitments reports for all CAPEX and OPEX cost centers.
• Liaise with the MOQ Finance Department in all E&P financial matters.

FERNAS Construction is one of the leading companies of sector in the fields of; industrial complexes, oil & gas, energy, road construction, hydraulic works, mining, telecommunication and building projects with its competent workforce, wide range of machinery park and strong financial structure.

Client: Qatar Petroleum Company
Major Projects:
• Advanced Epic Package For The Upgradation Of Drainage Network In QP Refinery, Mesaieed
• Engineering, Procurement, Installation & Commissioning (EPIC) of Gas Supply to Mesaieed Consumers (GSMC)
• EPIC of Gas Supply to Ummbab & Dukhan (GSUD) and Gas Supply to QAFCO-05
• EPIC of Fuel Gas Supply to QNCC-IV and GCC-1 Plants at Ummbab Area
• EPIC of Consolidated Gas Supply Projects within Mesaieed and Raslaffan

Achievements and attainments :
•Ensured full disclosure and a thorough analysis of all accounts, revamped procedures effecting a substantial savings in terms of cost and time.

Reporting to the Finance Manager and managed 3 qualified accountants.

Duties and Responsibilities:
• Manages and oversee the day-to-day activities of all accounts and finance activities of the company.
• Responsible for all aspects of domestic income tax compliance, including review, to ensure an accurate federal consolidation of tax returns and timely filing
•Managed the corporate finance tasks including all financial, management and statutory accounting and reporting for $350 million company.
• Preparing monthly and annual financial statements, evaluating financial records, ( Balance Sheet, Profit and Loss statements, cash flow) and generating financial reporting system that assist the top management in taking decisions to improve cost effectiveness in the organization.
• Perused and analyzed all account documents, including general ledger, journal entries, bank reconciliation statement, inventories, materials, fixed asset schedules and activities, accounts receivable transactions, accounts payable transactions, payroll, sub-contractors accounts, vendors accounts, revenue and expenses, insurance premium policy and letter of guarantees such as performance bond and tender bond, tax returns.
• Prepare and record asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Review and reconcile balance sheet accounts including P & L statement, manage and monitor company cash flow and general ledger reconciliation.
• Maintain and balance subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies
• Maintain general ledger by reconciling entries.
• Summarize financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
• Supervise and review the work of accountants and provide them guidance and advice on day to day operational issues to ensure that their responsibilities and tasks are supporting the objectives of the company.
• Attends to day-to-day activities of the accounting and finance department such as checking of petty cash payouts; petty cash reconciliation, checking all checks and payments request including transfer letters, correctness entries on checks and vouchers; journal entries, daily bank reconciliation and report; cash advances of employees; and liquidation reports, etc.
• Ensure financial records are maintained in compliance with accepted policies and procedures, ensure all financial reporting deadlines are timely met.
• Establish and monitor the implementation and maintenance of accounting control procedures and resolve accounting discrepancies and irregularities.
• Maintaining strong internal control systems, policies and procedures to ensure that company’s laws and regulations are applied and adhere to.
• Liaising and dealing with the banks and financial institutions to achieve the banking facilities and requirements.
• Manages the monthly closing of the general ledger, financial statement preparation and cost analysis of all general ledger accounts.

Mercury Freight International, Inc. (MFII), one of the country’s leading total logistics solutions providers, has fortified its global network strength when it recently invested and subsequently partnered with the Singapore-based Asian Worldwide Services (AWS).

Reporting to the CFO and managed seven qualified accountants.

Achievements and Attainments:
• Preparing of monthly reconciliations of the balance sheet accounts with appropriate supports. Verification of all sorts of expense vouchers.
• Accelerated the month-end closing process to the 25th calendar day of every month through measuring timely accruals and accurate financial reports.

Duties and Responsibilities:
• Oversee the preparation of monthly and quarterly management reports, budgets, cash flow, P&L statements and balance sheet.
• Ensuring the accuracy and reliability of accounting records as well as the timely preparation and submission of financial reports to management concerning financial condition and operating results
•Effectively managing cash flow, receives, payments including receivables, payables and collection, modifying credit limits according of credit history.
• Successfully designing budgets, guidelines to optimize cash flows, managing investment and working capital requirements to enhance return on investment.
ACCOUNTING OFFICER (1999-2002)
•Review of general ledger balances and its related schedules such as bank reconciliations, accounts payable and accounts receivable and ensure accuracy of balances and compliance with accounting policies and procedures.
•Oversee expense entries and processing of payments, payroll, general ledger (GL) Accounts, accounting control, prepayments and accruals, fixed assets, and depreciation.
•Analyzed monthly budgets to actual accounting reports and distributed to internal management.
ACCOUNTING SUPERVISOR (1996-1999)
•Handled general accounting functions, completion and maintenance of general ledgers and financial reports, payroll and accounts payable processing and review.
•Assists in coordinating the preparation of external audit materials, prepare records & various schedules for annual audit, and assist auditors in the review of financial operations.
•Sees to it that periodic governmental reportorial requirements are duly submitted and paid on time.
•Conducted and coordinated company’s monthly and year-end closings.
•I also worked as Internal Auditor for and reported on the company activities, efficiency and effectiveness.
•Part of a team of auditors responsible for examining and analyzing the financial and accounting records ensuring accuracy and compliance with established accounting standards.
•Assisted the members of the audit team and senior members during the planning phase to ensure audit objectives and scope are appropriately defined in addition to developing preliminary audit programs.
•Analyzed data collected after audit to prepare reports on audit findings, recommended improvements in existing practices.
•Reviewed cases involving potential fraud and suspicious activities and assessed the ability of the internal control systems to detect and prevent such cases.
GENERAL LEDGER ACCOUNTANT (1994-1996)
•Ensure accuracy and timely recording of accounting transactions to maintain integrity of accounting books.
•Preparing cash flow statements and maintaining petty cash for miscellaneous and reconciled books with bank statements.
•Ensure the accuracy of manual journal entries.
•Created, entered and posted adjusting, standard and recurring journal entries.
•Support the monthly close process, including financial analysis and preparation of monthly reporting requirements for submission to finance team.
•Ensure accurate and timely reporting of all related financial results and meet stringent deadlines.
•Analyzed general ledger accounts to determine their accuracy and ensure all funds are in balance
•Manage the fixed assets register and reconcile to the general ledger.