CV, Project Financial Analyst seeking work in Middle East

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Serial No: 17406

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Skills keywords: management reporting, project management

Short Bio:

I am currently employed with Schlumberger (Largest Oil & Gas Services Company) as a Project Financial Analyst with international working experience in UAE, Qatar, Saudi Arabia & Bahrain. I am qualified accountant having completed ACCA, CFA and BSc in Applied Accounting. I have over ten years of experience in Cost Management, financial reporting & analysis, strategic business planning, budgeting, project management and financial reporting in accordance with IFRS

Current location:  Eastern Province, Saudi Arabia - View on map

Nationality: Pakistani

Preferred Sector of Employment:  Oil, Gas and Energy, accounting and finance, Manufacturing and Operations

Spoken languages: english, Urdu

Location I am interested in working: Anywhere

Academic:

• Oxford Brookes University, B.Sc. in Applied Accounting

• Member of Association of Chartered Certified Accountants (ACCA) of UK.

• Chartered Financial Analyst (CFA) (All 3 levels passed)

CAREER HIGHLIGHTS

Schlumberger

Schlumberger is the leading oilfield services provider, with over 155,000 employees and revenue of $42bn. It is listed on NYSE.

Project Financial Analyst (Cost Management Project) – Nov 2013 to Date

• Project set up, training and financial analysis. Define business strategy, governance structure and annual business plan. Implementation of new business & financial systems, processes & procedures.

• Collect data and perform research & strategic analysis to identify preliminary focus areas for improvement; validate focus areas and advice to senior management. Define top-down targets.

• Conduct meetings & presentations with senior management to engage segments (operations) and functions. Buy strong engagement of operations management and function managers.

• Perform analysis and develop business cases for prioritized initiatives. Increase visibility of current costs & improve business processes for cost optimization. Financial report of project status to Area VP.

• Monitor initiatives implementation. Initiatives with clear ownership, metrics and criteria for success under continuous monitoring. Setup monitoring process and KPIs.

Senior Management Accountant (Arabian Geo-market) – April 2012 to Oct 2013

• Prepare monthly consolidated financial statements for Saudi and Bahrain including Joint venture.

• Prepare annual budget forecast and subsequent review; participate in budget review meetings with operations and presenting final budget to management. 12 month rolling forecast including operating and capital expenditure budgets. Compile the 5 year business plan.

• Reporting periodic consolidated financial statements, project reports, budgets, KPIs, cash flow, variance analysis, IBT comments & balance sheet comments to area controller.

• Analyzing financial performance and so contributing to medium and long-term business planning/forecasts, analyzing variances and exploring potential problems with line managers.

• Provide technical and other support for tenders, mergers and acquisitions and research projects.

• Treasury report financial risk exposures analyze impact and make proposals to manage risks, maintain liquidity throughout the year, working capital management and reduction of foreign exchange exposures.

• Providing support service by working with operations & research departments and the management team to help make financial decisions;

• Facilitating MI segment integration with SLB post acquisition. Overseeing day to day financial and accounting activities and reviewing monthly reports for three entities. Review payables and receivables.

• Tax entries and preparation of tax statement of earnings for three entities.

• Co-ordinate and prepare annual budgets, Ensuring spending is kept in line with the budget; including CAPEX, tender analysis etc.

• Liaising with other function managers to put the finances and accounts in context;

• Producing periodical and ad hoc management reports, analyze business performance / results, providing feedback to Senior Management.

• Improving an effective internal control system & liaise with internal & external auditors, department managers and senior management. Implementation of new tools & techniques to improve accounting and reporting process & system in order to increase efficiency & productivity.

Qatar Power Company

Ras Laffan B 1025MW Gas fired Power Station & 60 Migd Desalination plant. A joint venture of International Power-GDF Suez (Listed on LSE) & Qatar Electricity & Water Company (listed on DSM).

Financial Accountant – January 2009 to March 2012

Finance Officer – November 2007 to December 2008

Skills & Responsibilities:

• Produce monthly financial statements with in-depth analysis of various operational & financial components in accordance with IFRS and subsequent review with Business Manager.

• Quarterly reporting of financial position and comparatives to QEWC. Group reporting of financial statements, KPIs & management reports to QEWC & International Power.

• Monthly work in progress costs, Ad hoc reports, capitalization & apportionment of project costs during the construction phase.

• Monthly management reporting, variance analysis & forecasting and forecast review meetings. Analyzing and investigating reasons for variances with budgets & forecasts.

• Treasury & cash flow management. Sweeping bank accounts; Ensuring & maintaining liquidity to meet monthly requirements & depositing surplus funds.

• Affecting monthly loan interest payments based on LIBOR, sending monthly draw down requests and ensuring compliance with the loan agreement.

• Maintaining fixed asset register, running depreciation & preparing monthly schedules for equity, loans and intercompany transactions.

• Checking relevant interest rates & affecting periodic Hedge interest payments.

• Coordinate with Auditors to finalize regulatory tasks and timely reporting of issues

• Affecting Equity bridge loan interest payments. Monthly withholding tax payments.

• General accounting, payroll and gratuity provision & accounting.

• Periodic inventory reporting and reconciliation. LC costing, goods in transit, EPC and warranty spares.

• Reviewing bank reconciliation and all closing activities, finalization of schedules and GL maintenance.

International Power Company

100% owned subsidiary of International Power – GDF Suez (FTSE 100 Company). 1292MW Oil fired Power station

Management Accountant – June 2007 to October 2007

Management Trainee Finance – June 2006 to May 2007

Skills & Responsibilities:

• Monthly management reporting, variance analysis & forecasting and forecast review meetings. Analyzing and investigating reasons for variances with actual –v- budgets & forecasts.

• Preparation of annual budget, and periodic reviews investigating the reasons for variances.

• Assimilate, analyze and present financial and non-financial KPIs to internal stakeholders facilitating effective decision making and providing better insight of the business

• Preparation of monthly Operations & Maintenance Report and Finance Report to CEO of HUBCO & Station Manager.

• Cash flow forecasting for the year identifying shortfall & surplus. Placement of excess funds & breaking deposits where required.

• Interpretation of Operations & Maintenance Agreement and Power Purchase agreement with different entities including HUBCO, WAPDA and the Govt.

• Raising Fixed and Variable Income Invoices, Plant betterment invoicing and qualifying expenditures. Negotiating and settling disputes in light of the operations & maintenance contract.

• Managing & periodical reporting of all account receivables and account payables, ageing and payments.

• Preparation of annual business plan, in coordination with operational & business managers to meet deadlines in accordance with company policy and reporting it to regional office.

• Formulating landed cost sheets & affecting all foreign currency payments.

• Ensuing compliance of all documents with the company’s internal procedures and regulatory authorities.

• Submission of withholding tax & commercial tax. Treasury & bank correspondence.

• Establishing, operating and revising accounting systems to meet new financial requirements.

Fixed Asset Audit:

• Conducted a detailed audit of Fixed Assets of the Power Plant; comprising I&C, IT, Mechanical, Electrical, Services, Corrosion & Stores.

IKON Technologies

Finance Officer – June 2004 to May 2006

Skills & Responsibilities:

• Managing & periodical reporting of all receivables and payables and ageing to CEO and other departments.

• Affecting monthly variable interest payments on the running finance account.

• Monthly closing, accruals & adjustments up to finalization of accounts.

• Verify monthly payroll & invoices for payments, posting of accounting vouchers & journal entries, calculation of depreciation & unearned income etc.

• Prepare periodic reports on the organization’s financial status and co-ordinate the preparation of departmental budgets.

• Establishing, operating and revising accounting systems to meet new financial requirements.

• Treasury, local and out of station bank reconciliations and systematical checking of daily bank position to for liquidity requirements.

• Bank correspondence i.e. issuing Earnest monies, Bank guarantees, Interest payments etc.

• GL and chart of accounts maintenance. Submitting pension, Income tax and VAT tax returns.

• Responsible for following finance policies in area of work i.e. General Ledger/Bank work, fixed asset accounting.

• Interaction with external audit staff to ensure effective and timely completion of audit.

• Streamline and amend changes to chart of accounts.

TECHNICAL PROFINCIENCIES

IT Skills:

• MS Office & MS Outlook. Experienced in the use of spread sheets, financial modeling.

• ERP systems; Lawson, Oracle, Hyperion & Smart view reporting, Sun systems, Maximo.

• Vision Excel & Vision Executive.