Project Finance Coordinator at Salini S.p.A (2018-03 – 2024-02)
Responsible for system implementation in newly acquired projects. Coordination with JV partners for financial reporting of JV project i.e. construction of Airbase for Royal Air Force.
- Setting out financial reporting formats for the JV project in coordination with JV partners
- Budgets, Cash Flow Management, Variance Analysis
- Analytical reporting
- Mapping of project financial reports with the Parent company books of accounts
- On assignment basis, handling ERP systems of startup projects
- Internal controls, subcontract management
- Receivables and Payable reporting
Planning and Cost Control Executive at Arabian Bemco (2016-11 – 2017-12)
JIGCC is one of the biggest refinery projects in the world. Worked under Planning and Cost Control department and closely coordinated with Site Management and clients' planning department for progress and planning issues.
- Preparing weekly progress report and next week targets for concrete and getting it approved from client
- Verifying Work Front given by client
- Preparation of labor efficiency reports for activities like Formworks, Reinforcement and concrete
- Tracking project progress against plans and variation reporting along with causes
- Participating in weekly meetings with clients regarding progress issues
- Checking Daily Manpower allocation report for client
- Visiting Site for verification of progress figures
- Verification of Equipment and sub-contractors invoices
- Follow-up procurement of Critical material items to ensure success of construction plans
- Balance Cost to Complete reports
Cost Controller (SANG Villa Project) at Impregilo Arabia (2011-03 – 2016-10)
This is JV of Impregilo S.p.A (Italy) and BEMCO(Saudi Bin Ladin Group) to undertake mega projects in KSA. A large housing project is under progress for Saudi Arabian National Guards in Buraidah.
- Checking invoices and making Payment Certificates for subcontractors, Rental of Equipment and Labor suppliers
- Checking Payment Certificates made by other departments before sending to HO
- Allocating costs through marking Cost codes on all invoices
- Maintaining data bank to provide management a variety of project control reports
- Graphical presentation of weekly Labor Efficiency
- Balance Cost To Complete reports
- Coordination with Planning Dept for physical and financial Progress reporting
- Developed variety of Corporate and Project level Cost Control reports
- Introduced new ideas in the reporting structure like EVMS (Earned Value Management System)
- Reviewed Operating and Organizational Policies and Procedures of the Impregilo S.p.A to be adopted in local environments
- Developed Flow charts of different activities for proper control of operations
Internal Auditor (Construction & Trading Division) at Bin Haider Group (2009-11 – 2010-12)
A well established conglomerate operating five star hotels like Sheraton, Holiday Inn and Dhow Palace. Other businesses are Real Estate, Equity Investments, trading, educational institutions and warehousing. Business areas were related to Real Estate, construction, equity investments, trading and warehousing.
- Verification of payments to subcontractors
- Verification of project progress
- Budgets, Variance analysis, Balance Cost to complete analysis
- Verification, Income Statement and Cash Flow for of Balance Sheet Financial Institutions
- Made improvements in Inventory and Financial Accounting systems
- Analytical Audit of different business segments and their cost structure
- Monthly performance reporting of all relevant business segments
- Suggested improvement in Cash flow position by tapping new sources of finance
- Checking L/Cs, Bank Reconciliations, Control of Receivables, Payables and Capex
Cost Controller at Robust Contracting (2008-02 – 2009-11)
A progressive construction company with multiple projects owned by renowned Real Estate developers of Dubai. Multiple housing projects are under progress. Total workforce strength of the company was more than 8,000.
- Preparation of monthly Consolidated Cost Report of all running projects
- Coordination with Accounts Dept to maintain up-to-date accounting system
- Verification of Payments before posting into accounting system
- Budgetary Controls, Variance analysis, Inventory controls
- Implementation of costing system in newly established sister concerns
- Training and development of Cost Control staff to improve their Excel skills
- Automation of various reports using Excel tools to save time
Project Financial Controller at Descon Engineering Ltd (2005-01 – 2006-06)
The Company has presence in UAE, Saudi Arabia, Qatar and Pakistan. Associated with World Bank financed projects of Mangla Dam, Satpara Dam, Taunsa Barrage and Motor-way projects in Pakistan. Total workforce strength of the organization is around 10,000.
- Preparation of monthly Balance Sheet, Income Statement with variances from budgets
- Cash flow management, preparation of Rolling Cash Flow Plan
- Liaison with financial institutions for letter of credits, guarantees and working capital lines
- Managing Long Term Leases of equipments and Capex decision
- Managing Escrow Account facility
- Verification of project expenses and Purchase Orders (Import and Local)
Cost Controller at Descon Engineering Ltd (2006-07 – 2007-11)
Infrastructure Projects Division - Corporate level cost control responsibilities.
- Preparation of monthly analytical report encompassing both financial and quantitative data
- Defined Reporting requirements of newly established Cost Control Dept
- Evaluating cost of production of various plants i.e. crush plants, concrete batch plants, asphalt plant at different projects i.e. Motorway project, Mangla Dam raising project, Taunsa Barrage project and Mirani Dam project
- Trend analysis of various costs in different projects
- Comparison of costs and performance with BOQ
- Calculation of idling cost of equipment (more than 2000 heavy equipment at different sites)
- Appraising management with the standard vs actual costs incurred during the course of business
Senior Accountant at N B Oilfields Ltd (2000-10 – 2004-08)
Well known medium size Construction Company that has significant construction projects in Oil and Gas sectors of Libya.
- Developed complete costing and financial accounting system that was crafted to fulfill organizations' requirements. Developed "System-based" financial reports
- Verification of expenses
- Financial Analysis of operations, Budgets and variance analysis
- Developed inventory and payroll system to control expenses
- Preparation of Income Statement, Balance Sheet and Cash Flow
Finance Officer at Army Welfare Trust Group (1995-06 – 2000-09)
The group is a multi-million dollar enterprise in Pakistan that owns major industrial projects like cement factories, sugar factories, floor factories and one of the leading banks and Insurance companies. Responsibilities included controlling financial matters of rice mills, Agro-farm houses situated in the South region.
- Verification of expenses and revenue. Responsible for Admin and commercial affairs
- Preparation of Balance Sheet, Income Statement and Cash Flows
- Budget preparation, Beak-even analysis of projects. Feasibility of investment opportunities
- Arranging Letter of Credits & working capital lines
- Preparation of financial analysis and budgetary variances for current operations
Cost Accountant at Sigma Knitting Mills (Pvt) Ltd (1993-07 – 1995-05)
Sigma Knitting Mills is a manufacturer and exporter of garments to USA and Europe.
- Designed and maintained costing and inventory system
- Reconciliation of inventory and financial accounting system data, variance analysis
- Maintaining financial accounting program
- Costing of export orders
- Calculation of working capital requirements of export orders
