Ali Murtaza

Financial Analyst/Controller
Dubai


Profile Views 225

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Last Seen: 16 August 2020 4:15 PM

Skills
  • Experience
    9 Years
  • U.A.E Experience
    --
  • Industry
    Oil , Gas & Energy
  • Nationality
    Pakistani
  • Visa status
    Employment Visa in UAE
  • Qualification
    Other - ACCA. Passed 11 out of 13 papers, Student number 2094777.
  • Driving License: Valid till December 2022
Other Matching Titles/Position
Industry Titles
Oil , Gas & Energy

Summary of Career

1. Over nine years of experience in various functions of finance and accounting in energy sector, including last five years in Oil & Gas Industry.


2. Presenting regional plans to the senior management team.


3. Business planning and analysis, both financial and non-financial. Includes conducting business process audits.


4. Working Capital Management.


5. Supply Chain Management.


6. Review of commercials on tenders.


7. Experience in mergers and acquisitions.


8. Project management: evaluation, planning, executing, implementing, monitoring and post completion analysis.


9. Periodic accounts closing in compliance with SOX and VAT requirements.


10. Handling Multi-cultural team member.


Work Experience (Employment History)

Experience as Regional Business Analyst - Middle East & Africa

  • Employer

    National Oilwell Varco - Dubai

  • From

    01 January 2018

  • To

  • Detail

    • Regional forecasting and planning. Annual budgets for both Middle East and Africa regions.
    • Provide consolidated regional/periodic reports for use by senior management.
    • Handled Capital Investment requests for the two regions.
    • Aid the managers in preparing tenders – legal reviews, and CPA’s. Ascertain that finance related requirements of the tender/bid/contact (i.e. bid bonds, performance bonds) are secured on a timely manner.
    • Monitoring and Improving Working Capital. That included overseeing regional AR, Inventory and operating assets.
    • Ensure financial reporting is accurate, timely and follows the right procedures i.e. NOV accounting policies as well as the Country and/or Regional Accounting and/or Tax Requirement.
    • Support regional finance managers/controllers in providing business unit financial information as required.
    • Point of contact for legal, ethics and compliance for the region.
    • Financial analysis, investigation and commentary. Discuss the Regional financial performance with the Country Operations Management Team in Monthly Performance Reviews (MPR).
    • Test business process. And design improvements and correct the process. And provide training to the Country Managers on the new process.
    • Provide support as needed to the Business Unit Controller, Business Unit VP or Region VP on all financials of the regional business.
    • Work with the Operations personnel in the preparation of Project Cost Schedule and Analysis.
    • Assist with the research and recommendations for the most efficient means to operate in a country/region from financial, statutory and legal perspective.

Experience as Ledger Controller - Oman

  • Employer

    National Oilwell Varco - Dubai

  • From

    12 November 2017

  • To

    31 January 2019

  • Detail

    • Monitored and reviewed the records for correctness, accuracy and completeness at year end load.
    • Ensured SOX controls and US GAAP compliance.
    • Prepared and presented in the annual FS per SOX requirement for the Ledger.
    • Worked with EY for the year end audit.
    • Arranged and supervised the annual inventory count.

Experience as Inter-Company/General Ledger Accountant

  • Employer

    National Oilwell Varco - Dubai

  • From

    15 June 2016

  • To

    11 November 2017

  • Detail

    • Coding, booking, auditing and processing payments for the Intercompany invoices and recharges.
    • Following up for outstanding IC AR and application of IC payments from IC partners.
    • Assisting the internal & external auditor with related parties audit.
    • Prepare, review and forward open SO report to operations department monthly.
    • Initiated 0 cash in transit concept by processing all the payment in the middle of the month.
    • Auditing and issuing of inter-company debit/credit notes and sales invoices to all inter-company partners globally.
    • Monthly loading of inter-company company balance into FDM for IC prelim load.
    • Reconciliation of inter-company receivable balances, payable balances and markup both sellers’ perspective and receipts perspective on monthly basis. To ensure 0 variance.
    • Preparing monthly bank reconciliations maintaining the schedules for amortizations and monthly accruals, preparing and checking the IC AP and AR ageing monthly, semiannually and annually preparing of SOX walk-through for Purchasing and AP & Rental Sales, quarterly review of P & L variance, and quarterly review of BS variance.

    In addition, served as backup for the AR accountant, it included:
    • Application of payments received from 3rd party customer. Informing the management about it.
    • Preparing the 3rd party AR Ageing and sending across to the respective country/area/regional managers.
    • Revenue reclass entries and revenue accrual entries for month end close.

Experience as AP Accountant

  • Employer

    National Oilwell Varco - Dubai

  • From

    13 January 2015

  • To

    14 June 2016

  • Detail

    • Booking, auditing and processing payments 3rd party suppliers and service providers’ invoices.
    • Booking, auditing and processing expense reports for employees in Qatar, Egypt, Algeria, Tunisia and Angola.
    • Booking, auditing and processing petty cash for Qatar, Egypt, Dubai office and Abu Dhabi office.
    • Maintaining, monitoring and updating the vendor master file.
    • Assisting the 3rd party external auditor with the complete AP details. Answering and providing documents for the AP related queries.
    • Working with internal and external auditor for AP audit.
    • Prepare, review and forward Open PO report to Operations Department monthly.
    • Monthly amortization of all the prepaid expenses and maintaining monthly schedules.
    • Taking monthly accruals and maintaining the schedules.
    • Initiated all online payment transfer policy to reduce the number of monthly cheques issued from well over 50 to 0.

Experience as Accountant

  • Employer

    Scans Electromechanicals Cont.

  • From

    15 November 2010

  • To

    31 December 2014

  • Detail

    • Performed monthly reconciliations, for all the general ledgers and subsidiary ledgers.
    • Prepare & Monitor Monthly Cash Flow Forecasts.
    • Assisted the external auditor on annual third-party audits.
    • Process the monthly Payroll via Wage Protection System portal.
    • Weekly Bank recons and monitoring the online bank account transaction.
    • Testing of the new ERP that was to be implanted throughout the Organization.
    • Identifying KPIs and CSFs, and assist the Management Accountant to categorize the company departments and correct the chain of command to implement the framework of Responsibility, Authority & Accountability,
    • Educate the company staff on the importance of Internal Controls, the Role of Internal Auditor and Conflict of Interest. This was done my conducting various workshops.
    • Establishing & implementing internal controls throughout the origination. With continuous monitoring and supervision to ensure their maximum effectiveness.

    Assisted in the acquisition of an Omani Company:
    • Providing the feasibility report for the proposed option, both financial and non-financial factors were considered.
    • Company evaluation to find the right amount of consideration for the available options.
    • PESTEL and Cost-Benefit analysis for the available options.

Experience as Tenders Cordinator

  • Employer

    Scans Electromechanicals Cont.

  • From

    01 November 2009

  • To

    14 November 2010

  • Detail

    • Compiled and generated the cost sheet for all the products and services to assist the tendering team.
    • Assisted with two major tenders for Dubai Electricity & Water Authority, one of them was for Princess Tower Dubai, the tallest residential building in the world. And second one was for the extension works for the Emirates Road (E611).

Academic Qualification

Matric 25 June 2009

O Levels from The Westminster School, & Subjects, A* in Accounting, A in Business Studies and B in the remaining 5 Subjects

Bachelor 19 November 2018

BSc (Hons) in Applied Accounting from Oxford Brookes University, Oxford, England.

Bachelor 29 August 2018

BSc Organizational Sciences – Business Administration in international Business from Euro College Kumanovo, Macedonia.

Master 27 August 2020

Master’s in quality & Operations Management from University of Business and International Studies, Geneva, Switzerland.

Other 31 December 2020

ACCA. Passed 11 out of 13 papers, Student number 2094777.
Certifications
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