Muhammad Suleman Hameed

- Established detailed budgets for Engineering, Procurement, and Construction (EPC) phases, with comprehensive breakdowns by activity to facilitate accurate cost planning and monitoring.

- Prepared and submitted monthly Cost to Complete (CTC) reports to the Corporate management, providing executive management with timely and actionable financial insights.

- Compiled and reported monthly accruals to ensure accurate period-end financial closures and compliance with corporate accounting standards.

- Monitored and reviewed material requisitions from various project departments to ensure alignment with budgetary controls and project timelines.

- Evaluated subcontractor agreements and commercial terms, including milestone-based payment structures, to support accurate cash flow forecasting and budget tracking.

- Developed Forecast to Complete (FTC) and Estimate at Completion (EAC) reports, ensuring project expenditures remained within approved budgets and enabling early corrective actions.

- Identified and implemented cost-saving initiatives across various project areas, contributing to overall budget optimization.

- Conducted buy vs. lease analysis for major project assets and presented findings to the Project Manager and Project Control Manager to support informed financial decision-making.

Delivered weekly and monthly project cost performance and progress reports directly to the CEO, providing clear visibility into financial health and project milestones.

- Proactively identified potential cost overruns, reported findings to the Project Control Manager, and recommended timely corrective measures to mitigate financial risks.

-Managed the Saudization Report for the project, ensuring full compliance with Schedule S (Saudization category); developed and executed a strategic hiring plan for local nationals across required

categories to prevent deductions and maintain project compliance.

-Effectively coordinated with cross-functional team members in the PCD department, including Contract Administrators and Schedulers, to strengthen team collaboration and resolve issues related to project progress and contract management.

- Managed the Saudization Report for the project, ensuring full compliance with Schedule S (Saudization category); developed and executed a strategic hiring plan for local nationals across required project progress and contract management.

- Managed local purchase orders by reviewing and approving from the project side, identifying cost ambiguities unrelated to the project, and effectively coordinating with the Finance Department to ensure timely rectification and cost accuracy.

-Effectively reported change order summaries to executive management by coordinating with the Contract Administrator, including evaluating the likelihood of acceptance by Aramco to support informed decision-making.

-Closely worked with project HR-Manager to ensure only relevant individuals are being charged to project

-Identified alternative to rental power I.E coordinating with Corporate training coordinator, i.e. Rigger-ii, WPRs, safety officers

- Determined the Cost of Highly Complex Products Line Including Determining the Overheads, Fair Allocation of Overhead Upon Different Products and Process

- Analyzed the Different Pricing Strategies, and Recommendation to Executives in Order to Shape the Price of Products

- Identified the Underline Cause of Variances and Suggested the Management for an Appropriate Reforms to Be Undertaken

- Coordinated With Production Department and Presented the Shortcomings to Higher Management Lead to Significant Saving of Material in Manufacturing Process

- Undertaken the Month and Quarterly Closing, Supervising the Team of Individual So That Accurate Inventory and Asset Count Is Undertaken at Different Locations

- Conducted Thorough Analysis of Outsourced Products, and corroborated with in-house manufactured and presented to executives of findings Leading to review the decision

- Strengthened Internal Controls by Reviewing Existing Processes and Recommending Enhancements to Safeguard Company Assets.

- Provided Valuable Insights Into Production Efficiency by Analyzing Manufacturing Process Costs Against Industry Benchmarks.

- Designed and structured a Chart of Accounts (COA) aligned with the business model and strategic growth plans, ensuring robust data categorization for enhanced financial analysis.

- Prepared and reviewed full-year financial statements for 2019,2020, identifying key discrepancies and anomalies; implemented corrective measures to ensure accuracy and regulatory compliance.

- Performed variance analysis on financial statements, investigating underlying causes of deviations and presenting actionable recommendations to mitigate future financial risks.

- Delivered insightful financial reports and dashboards to senior management, enabling informed strategic and operational decision-making based on real-time, reliable data.

- Optimized financial reporting workflows by integrating advanced accounting software and automating data consolidation, significantly improving turnaround time and analytical efficiency.

Prepared CHART OF ACCOUNT (COA) by taking into account nature of business and its future Requirement

- Prepared Financial statements for subject entity for entire year 2023, identified

and Rectified discrepancies to ensure compliance
- Analyzed financial statement discrepancies, identifying issues, and
recommending corrective actions to prevent future occurrences.

- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Streamlined financial reporting with new accounting software and
automated tasks.

- Closely Examined ERP Oracle Existing Setup and Identified the Inaccuracy in Process and Reported. Coordinated With ERP Consultant to Implement the Corrective Measures

- Analyzed the Chart of Accounts (COAs), Identifying and Rectifying the Deficiencies in Financial Reporting Process

- Implemented various Applicable IFRS in order to make compliance with soCPA Requirements

- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.

- Initiated process improvements that increased the efficiency of budgeting cycles while maintaining accuracy standards.

- Evaluated proposed projects' ROI using NPV, IRR, and other financial metrics, helping prioritize initiatives with maximum value potential.

- Evaluated Liquidity position of company, that assisted management to review decision of overstocking of material and inventories.

- Evaluated performance of existing investments and adjusted accordingly.

- Researched macroeconomic, industry and company-specific data to inform investment decisions.

- Implemented ERPnext and closely supervised entire process of transition of data into Software

- Prepared CHART OF ACCOUNT (COA) by taking into account nature of business and its future Requirement

- Prepared Financial statements for subject entity for entire year 2023, identified and Rectified discrepancies to ensure compliance

- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.

- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.

- Streamlined financial reporting with new accounting software and automated tasks.

- Effectively Identified and Processed Highly Complex Transaction in order to comply with Relevant IFRS Standard

- Managed entire Accounting Cycle from Data Collection to posting to ledgers including Period end closing entries

- Managed and prepared Journal Entries and Reconciliations to support monthly general ledger closing activities.

- Generated and presented Monthly Financial Statements to senior management.

- Prepared monthly Profit and Loss, Balance Sheet and Cash Flow Reports with exceptional accuracy.

- Prepared Reports and Presentations for Executives with excellent copywriting and data visualisation.

- Partnered with Auditors to Prepare yearly Audits and Ensure Compliance with governmental tax guidelines.

- Updated Journal Entries and accounts on Accrual Basis with Xero, QuickBooks, Zoho Books, Sage One, and Tally Prime

- Prepared VAT and Income Tax forms for commercial and individual clients.

- Charged with understanding of different services and manufacturing industry's financial situation and not allowing unintended deficit to occur

- Managing teams and liaising with senior management in-order to achieve and exceed targets and meet deadlines.

- Working closely with client to strengthen key areas and target financial growth.

- Gathering and presenting key data to Senior Managers and Suggesting Necessary Reaction to Detailed Forecast.

- Supported Bookkeeping activities to maintain accurate and up-to-date records.

- Built solid working relationships with clients using exceptional communication skills.

- Read and interpreted relevant Regulations and Legislation to Maximise Compliance.

- Organized digital and physical files using methodical approach.

- Employed Microsoft Excel skills to organize and manipulate large data sets.

- Creditors(Payables) and Debtors(Receivables) control accounts of client based in Canada and UK on Monthly and Quarterly basis.

- Assisted managers with streamlining various processes to improve close process.

- Preparation of VAT using Advanced accounting assisted software Xero, QuickBooks, Spreadsheet and MS Excel.

- Maintained accurate and complete documentation for all Financial Department Procedures.