SRINU CHUNDURU

Since September’2023 to till date - Regional Head Quarters (RHQ), Shapoorji Pallonji Mideast LLC. Saudi Arabia, Riyadh as a Finance Manager.

Letter of Credit (LC) –Dealing with Local & International LC with Multiple Banks & vendors, Processing of new LCs for different banks & Projects, LC Amendments & LC extensions.

Preparing of LC Exposure Reports Fortnight (Multiple Banks & Multiple Projects).

Processing of LCR (Letter of Credit Refinance) for different projects from different banks.

PPF (Progressive payment finance) for different projects from different banks & Settlements.

APG & PBG – working with the bank for Advance payment & Performance Bank Guarantees (Client & Vendors).

Releasing Project Bulk payments every Fortnight (Multiple Banks & Multiple Projects).

• Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.

Name of the Project: SABIC Jubail Main Building, Global Data Centre & Ghazi Al Gosaibi Masjid Project.

2.5 billion

• Checking & Monitoring of all day-to-day project accounting transactions and ensure that timely & accurate accounting of the same.
• Commercial authorization of all the project work orders & purchase orders based on the budget, rate analysis & other comparisons and involved in the price negotiations with the agencies.
• To check & monitor all the vendors & contractors bills as per PO / WO terms and for timely accounting of the same and ensure for timely release of the payments as per contractual due dates & conditions.
• Coordinate withe project technical team (Quantity Manager) for timely submission of monthly work done RA bills to the Client and to pursue for realization of the same before the contractual due date to maintain the better positive cash flows in the project.
• Involved with the project quantity team in preparation of the project budget and in discussions with the management to finalization of the same.
• Preparation of various weekly & monthly management information reports like project weekly report, monthly job cost report, profitability statement, Claimed Vs Paid against the BOQ items & other reconciliation reports etc.,
• Timely arrangement of the fund from Head office & Regional office for timely disbursement of the payments to the vendors / Contractors as advised by the Project Management to speed up the work progress of the project as per planned & committed schedules.
• Checking & monitoring all the project expenditure at regular intervals and discussing with the project management to take up the cost reduction steps / measures.
• Preparation required schedules of the project which are required for monthly, quarterly & yearly accounts closing & audit.

Name of the Project: Saudi Electric Company – Head Quarters Buildings” Riyadh

Project Cost – SAR 1.2 billion

• Checking & Monitoring of all day-to-day project accounting transactions and ensure that timely & accurate accounting of the same.
• Commercial authorization of all the project work orders & purchase orders based on the budget, rate analysis & other comparisons and also involved in the price negotiations with the agencies.
• To check & monitor all the vendors & contractors bills as per PO / WO terms and for timely accounting of the same and also ensure for timely release of the payments as per contractual due dates & conditions.
• Coordinate withe project technical team (Quantity Manager) for timely submission of monthly work done RA bills to the Client and to pursue for realization of the same before the contractual due date to maintain the better positive cash flows in the project.
• Involved with the project quantity team in preparation of the project budget and in discussions with the management to finalization of the same.
• Preparation of various weekly & monthly management information reports like project weekly report, monthly job cost report, profitability statement, Claimed Vs Paid against the BOQ items & other reconciliation reports etc.,
• Timely arrangement of the fund from Head office & Regional office for timely disbursement of the payments to the vendors / Contractors as advised by the Project Management to speed up the work progress of the project as per planned & committed schedules.
• Checking & monitoring all the project expenditure on regular intervals and discuss with the project management to take up the cost reduction steps / measures.
• Preparation required schedules of the project which are required for monthly, quarterly & yearly accounts closing & audit.

Name of the Project: King Khalid International Airport Expansion Joint Venture (Riyadh).

5.2 billion

• Incoming Invoices Posting and Making Payments in SAP system.
• Prepare payments in HSBC online banking platform after necessary approvals are obtained. Reconcile book and bank balances on a regular basis.
• Preparation of cash flow
• Preparation of Profit & Loss Account
• Weekly Reports
• Monitor withholding tax deductions against Sub-Contractors
• Responsible for site administration activities
• Outstanding funds monitoring and follow up / earliest collection.
• Systematic verification, approval and effecting payments of Sub-contractor /Suppliers/Vendor bills.

Managed accounts payable, Accounts receivable

Payroll Functions

Preparation of Budgets and provision

Preparation of cost statement on monthly basis

Handling all banking transactions for the projects

Review and approval of cash & bank vouchers and disbursement of payments

Supervised and verified expenditures ensuring compliance with the company policies and procedures.

Coordinated and cooperated with project manager concerning purchase orders, check requests, framework orders in an accurate and timely manner.

Recording of daily transactions by EIP Accounting package

Review of bank reconciliation Statement

Ensuring all statutory payments

Cash and bank payment daily

Preparation of Journal Vouchers

Preparation of daily reports and Ledger preparation

Preparation of bank reconciliation statement

Maintenance of cheques inwards and outwards registers

Payroll checking, MRN checking.

NMR and PRW checking weekly basis.

Inter site reconciliation and various suppliers bill checking.

Preparation of monthly TDS statement