Ashiq Bhat

Senior Accountant with 10+ years leading ASC 606 / IFRS-15 revenue recognition, percentage-of-completion accounting, and WIP reporting for complex, project-based engineering, construction, and EPC organizations. Proven track record owning month-end close, GAAP-compliant financial reporting, and audit support while partnering directly with project managers and operational leadership to translate project financial results into actionable insight. Combines technical accounting depth with field-facing project controls experience, having worked hands-on with project budgets, billings, and job-cost forecasting across multi-million-dollar programs.

Advanced

Excel (incl. Python-assisted data cleaning), certified in Revenue Recognition (ASC 606/IFRS-15), GAAP, and Project Revenue Management through NASBA-USA and PMI.

Accounting & Tax Officer / Lead (Controller) - Mechanical Contracting & Services Company W.L.L

(2019-01 - 2026-03)

Oil & Gas, Civil, Electrical & Mechanical Construction / EPC

• Directed Work-in-Progress (WIP) tracking and percentage-of-completion accounting for capital-intensive construction and EPC projects, managing revenue recognition under IFRS-15/ASC 606 and partnering with project managers to review financial performance throughout the project lifecycle.
• Audited project-level cost allocations, job costing, and balance sheet reconciliations to protect profit margins and maintain budgetary control across a multi-project portfolio.
• Led the full corporate month-end and year-end close process, reviewing journal entries, validating financial results, and investigating ledger fluctuations, while maintaining continuous audit-readiness for external auditors.
• Partnered directly with project superintendents and field teams on invoicing/billing cycles, execution schedules, and technical coordination — bridging field operations with corporate financial reporting.
• Supervised and mentored an accounting and finance team of 35–40, translating financial trends into corporate budgets, forecasts, and cost-reduction strategies for executive leadership; maintained relationships with multinational clients including BAPCO, Tatweer, Banagas, Technip Energies, and Alba.

Accounting/Finance Manager (Financial Controller) - MERCO Group

(2016-10 - 2019-01)

Petrochemical, Real Estate, Import & Export

• Directed core financial and general accounting functions, driving monthly closings and delivering financial reports and forecasts to senior leadership; prepared financial notes for external auditors to ensure statutory compliance.
• Maintained daily control over cash position and fund management, evaluating financing needs for working capital and capital equipment purchases.
• Managed a finance department of 10–15, overseeing payroll and settlements while supporting major industrial export initiatives and cross-functional project reporting with engineering teams.

Senior Accountant (Team Leader / Backend Manager) - Reliance Corporation

(2015-09 - 2016-10)

JIO Telecommunications, Device Retail & Distribution

• Directed core financial and general accounting functions across ERP platforms, managing periodic income statement closures and annual balance sheet finalizations.
• Ensured continuous audit readiness by assembling notes of accounts and supporting documentation for external auditors; provided financial consultation to secure bank financing.

Senior Finance Accountant (Controller) - S.R. Automobiles & Construction

(2010-11 - 2014-08)

• Led lifecycle project financial management using Focus and Tally ERP, from contract value and cost-code setup through billing schedules and closeout documentation.
• Monitored committed costs, job profitability, change orders, and retainage, analyzing job cost reports and WIP/WCR schedules to proactively manage financial risk.
• Directed month-end and year-end close, account reconciliations, aging reports, and cash flow forecasting, compiling MIS reports for executive leadership via advanced Excel pivot analysis.

Master of Commerce - Commerce - IGNOU, India (2015)

Bachelor of Commerce - Commerce - Kashmir University, India (2010)

Post-Graduate Diploma in International Business Operations - International Business Operations - IGNOU, India (2013)

GCC VAT Diploma - Value-Added Tax - BIBF, Bahrain (2020)