CV, Financial Controller, Oil and Gas Exploration and Production

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Serial No: 16961

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Skills keywords: finance and accounting

Short Bio:

Due to18 years of experience and exposure to various industries , I possess an excellent skill set and a strong business acumen which can be applied to any industry with successful results.
My experience is briefly stated below:
Oil and Gas- 13 years in Managerial positions
Information Technology services-1 year (Manukau city council- New Zealand)
Retail, Infrastructure, insurance and shipping (While consulting/contracting in New Zealand )
Engineering-and Chemicals- 2 years( both

Current location:  Dubai, United Arab Emirates - View on map

Nationality: India with New Zeala

Preferred Sector of Employment:  accounting and finance

Spoken languages: English and hindi

Location I am interested in working: Anywhere

PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS

DUBAI PETROLEUM – DUBAI, UAE 2007 – 2014

FINANCIAL CONTROLLER – Oil and Gas exploration & Production

Reporting to the Chief Financial Director and leading a team of 14 staff (6 Business Analysts, 3 Management Accountants , 5 Accounts Payable staff) and responsible for managing the :

• Financial and Management accounting and reporting;

• Budgets, Forecasts and Cost Control( Yearly expenditure- $1Billion);

• Treasury functions of the organization.

ACHIEVEMENTS:

 Successful completion of all start up activities for the newly set up company i.e. writing up new policies and procedures based on IFRS and relevant accounting standards, implemented the ERP system , established a detailed MIS , bank accounts , reporting framework, etc;

 Setting up a Financial Management reporting system for senior management and transitioned management accountants from just “financial accountants” to “business accountants”.

Some of the deliverables are mentioned below :

• Setting and evaluating overall business performance for Finance ( KPIs );

• Integrating financial and management accounting information to compile monthly presentation for the operational heads and board of directors;

• Financial Analysis ( forecasts, trends, actuals vs budget vs forecasts ) with value adding variance analysis to all budget holders;

OTHER RESPONSIBILITIES:

 Preparing monthly and annual financial statements for external reporting based on IFRS and the preparation of board papers and other senior management reports;

 Managing the recording, forecasting and reporting of all capital expenditure project( US$ 400 Million), identifying areas of cost reduction and overseeing the economic evaluation of expenditure proposals;

 Managing the successful completion in time and to the desired detail the entire five year budget process;

 Providing advice and counsel to department heads on all functional & commercial( i.e. contracts and agreements ) matters, guiding and assisting them in non-routine problems and ensuring the observance of general accounting practices;

 Responsible for the treasury and disbursements function including vendor management making cash calls and cash forecasts for the week , month and whole year;

 Review on a regular basis, the financial systems in the organization, identifying major weaknesses or system changes required, and developing new or updated accounting procedures to fully comply with SOX and to improve efficiency as well as the degree of control;

 Filling in for the Chief Finance Director in his absence;

 Conducting formal Finance awareness training and induction programs for departmental heads and staff regarding procedures, policies and requirements .

CITY COUNCIL – NEW ZEALAND 2006 – 2007

Senior Financial Partner for the IT services , Infrastructure and other areas

 Monthly closing;

 Providing cost benefit analysis to different budget holders ( i.e. IT, HR, parks, etc.) and supporting the heads of departments in preparing business plans for major capital expenditures;

 Generating and analyzing various MIS reports and presenting the same in the heads of department meetings;

 Budgeting for the business units ;

 Training non- technical staff on the finance aspects of their business;

 Identifying weaknesses in processes as well as internal control and resolving them.

CONSULTING – NEW ZEALAND 2004 – 2006

Consulted and worked on assignments for Fortune 500 companies in various industries across Retail, Insurance, Courier and Shipping on projects and special assignments and helped build financial accounting performance metrics. Clients included:

• Excell Corporation Ltd (Road works & Infrastructure)

• Levis Straus (Retail)

• Tower Insurance Limited

• TNT Worldwide Express (Logistics & Courier)

• Tasman Orient Limited (Shipping)

MARGHAM DUBAI ( Government of Dubai ) – DUBAI, UAE 2000 – 2004

(Arco Dubai handed the concession back to government of Dubai which renamed it Margham Dubai)

CHIEF ACCOUNTANT- Oil and Gas Exploration & Production

 Successfully completed all the start up activities for the new company i.e. set up Policies , Procedures, new ERP, bank accounts, MIS etc and managed the following functions:

• Financial and Management accounting and reporting to management and government;

• Budgets, Forecasts and Cost Control;

• Treasury functions of the organization.

ARCO DUBAI (US Multinational) – DUBAI, UAE 1998 – 2000

TEAM LEADER ACCOUNTING- Oil and Gas Exploration & Production

Lead a team of 5 in ;

 Consolidation of the Arco middle east region financials and reporting to ARCO global in the US head office;

 Managing the entire budget and forecasting process for the middle east region in coordination with all the operational heads ;

 Compiling and finalizing all the MIS reports (i.e. budget versus actual and forecasts for operating expenses and projects, Payroll Tax schedules and Earnings reports for the parent company, etc) ;

 Submitting corporate tax packages and other accounting schedules for group consolidation per head office requirements;

 Liaising with the Tax auditors (PricewaterhouseCoopers) and Arco world wide Internal Auditors (Ernst & Young) to ensure smooth audit completions;

 Supervising the treasury function ( i.e. Cash flows and accounts payable );

ABJAR HOTELS INTERNATIONAL LLC – DUBAI, U.A.E 1996 – 1998

SENIOR ACCOUNTANT

 Consolidation of the monthly financial statements of the three hotels namely: Sheraton Hotel, Ramada Hotel and the Renaissance and reporting the financial results to the Board of Directors;

 Conducting internal audits in the operational and financial areas( rooms& restaurants);

 Analyzing the financial performance of each Restaurant and the Rooms department;

 Involved in the accounting and recording of all construction costs as per relevant accounting standards during the construction of Ritz Carlton hotel property, also managing & recording the revenue of the leased outlets within the hotel;

 Assisting the restaurant managers and banquet managers in setting prices for various services and products;

 Preparing various MIS reports for senior management .

PRICE WATER HOUSE COOPERS 1994 – 1996

ACCOUNTANT

 Performed a full spectrum of audit and accounting functions including audit testing for numerous financial accounts, test of controls, evaluation and documentation of accounting systems mainly in FMCG, Engineering & Chemical multinationals like Cadbury, Krupp Industries, ICI and Glaxo .

IT SKILLS and IMPLEMENTATIONS

• Led a successful ORACLE implementation in 2014 for the Finance area and also played a key role in setting adequate controls and identifying gaps in the inventory and maintenance modules,

• Advanced Financial modeling skills and also in data manipulation, analysis and designing reports and presentations

• Implemented all the finance modules for an ERP system called ORION in Margham Dubai,

• Proficiency in WINDOWS ( Excel ,Word and Power point )~ ORACLE ~SAP~ PEOPLESOFT ~ LOTUS NOTES ~ MAXIMO ~DATAWRIGHT~ ORION,