Syed Minhaj Karim
Cost Accountant at Kenny Constructions Pty Ltd- Claim this Profile
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Urdu -
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Hindi -
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English -
Topline Score
Bio
Credentials
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Microsoft Project Certification
Odyssey SolutionsMay, 2022- Nov, 2024
Experience
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Kenny Constructions
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Australia
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Civil Engineering
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1 - 100 Employee
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Cost Accountant
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Dec 2018 - Present
Implemented an Inventory Management System from square one by writing procedures and stock take, finally tracking the movement of machinery and inventory on all projects. Introduced internal invoicing for rent and consumables through Inventory Management System to take the actual cost into consideration, that in order to assist the project team for evaluation of future tenders. After successful implementation of Inventory Management System initiated cost tracking for all projects of the company within Australia. Created live dashboards for management to analyse the projects by splitting them into elements as described in the tender. Combined elements of tenders into different groups as required by the project engineers/foreman, to generate the high-level report for management which can be easily drilled down to the next level if needed. (Few examples of Groups are like REO, Slabs, Walls, Material, Machinery etc.) Set up alerts and notifications to keep management informed about the completed elements and the remaining duration of project as well as any variation for the completed elements to be raised in future. Designed Pie Charts, Line Graphs, Bar Graphs, other visuals and colour schemes to point out areas where improvement is needed. All these dashboards are live and can be viewed over the phone if needed. Analysed claim vs cost (Labor, Materials/Plant, Overheads) throughout the life of project. Regularly notified and advised operation manager and project engineer to investigate and rectify the elements with cost exceeding the claim value. (For example, there could have been multiple reasons behind it as in the element being under quoted or low efficiency of field workers) Actively involved in communication with project engineers, foreman and site coordinators about the progress of the project as well as visiting sites if needed for the presentation.
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ARL Laboratory Services Pty Ltd
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Australia
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Oil and Gas
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1 - 100 Employee
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Financial Controller
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Jul 2013 - Dec 2018
- To compile and analyse financial information to prepare financial statements including monthly and annual reports - To ensure financial records are maintained in compliance with accepted policies and procedures - To ensure all financial reporting deadlines are met - To ensure accurate and timely monthly, quarterly and year end close - To establish and monitor the implementation and maintenance of accounting control procedures - To continuously manage and support budget and forecast activities. - To oversee the financial audit preparation and coordinate the audit process including timely resolution of any accounting or audit issues which may arise. - To ensure accurate and appropriate recording and analysis of revenues and expenses. - To analyse and advise on business operations including revenue and expenditure trends, financial commitments and future revenues - To analyse financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems. - To use logic to define a problem, collect information, establish facts, draw valid conclusions, interpret information and deal with abstract variables for unique or unfamiliar situations - Prepare month end reporting process including cost center analysis and profit & loss analysis - Develop and operate flash report system for monthly revenue, cost and operating expenses - File general ledger reconciliation and conduct a monthly general reconciliation - Update the fixed asset register and accruals journal on a monthly basis and post the depreciation journal in MYOB - Prepare BAS statement - Weekly payroll including PAYG withholding - Prepare the profit and loss statement to manager for tax purposes - Review time sheets, work chart and other data to detect and reconcile payroll discrepancies
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Assitant Accountant
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Oct 2009 - Aug 2013
• Prepare periodic reports that compare budgeted costs with actual costs and posting the difference of accruals in MYOB • Handling the full function of accounts payable including organising approvals • Prepare month end reporting process including cost center analysis and profit & loss analysis • Develop financial reports for forecasting, trending and results analysis • Record, classify and summarise financial transactions and events in accordance with generally accepted accounting principles • Develop and operate flash report system for monthly revenue, cost and operating expenses • File general ledger reconciliation and conduct a monthly general reconciliation • Update the fixed asset register and accruals journal on a monthly basis and post the depreciation journal in MYOB • Update the prepayment schedule and post prepayment write off journals in MYOB • Assist in preparation of BAS for internal accounts and external clients • Weekly payroll including PAYG withholding • Reconcile invoices on a daily basis, bank accounts on a weekly basis and credit card accounts on a monthly basis • Prepare the profit and loss statement to manager for tax purposes • Compile and analyse financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions • Perform all tasks related to preparing, maintaining and receiving invoices • Review time sheets, work chart and other data to detect and reconcile payroll discrepancies • Investigate and reconcile discrepancies when they occur • Process paperwork for new employees and enter employee information into the payroll system
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Junior Financial Analyst
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Jan 2008 - Mar 2009
• Prepared examined and analysed accounting records, financial statements and other reports to assess accuracy, completeness and conformance to reporting and procedural standards • Prepared business and financial analysis on industry, business strategy, customers and products by using vertical, horizontal and exceptional analysis, wrote analysis reports • Assisted in analysis of business operations such as profit & loss and cost center analysis • Assisted in preparing operational and personal budgets for approvals. Monitored spending for adherence to budget, recommends variance as necessary to my supervisor • Provided customer service, in person and by telephone • Assisted in monitoring and analyzing complex customer projects against business performance criteria • Prepared in depth analysis of performance for presentation to management • Assisted in set up and provide monthly analysis of projects, preparation of journal entries, cash flow analysis, budget variance analysis and monthly revenue reporting • Reviewed, analysed and updated standard costs, product margins and cost variances; suggested and deployed actions to improve revenue and profits • Applied advance analytical techniques which are necessary to gain greater insight and perspective on problem. Made recommendations and executes as per directions given • Maintained monthly schedule of capital expenditure and appropriate documentation and files as support for all transactions • Developed executive reports using database structures and end user interfaces to provide information to the appropriate personnel as needed • Assisted in continually evaluates and recommends new and improved budget and forecasting procedures with the objective of reducing manual effort and improving resulting projections
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Education
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2021 - 2023
CPA Australia
CPA, Accounting and Finance -
2009 - 2011
University of Western Sydney
Master's degree, Accounting and Finance -
2008 - 2009
Institute of Business Management
Master of Business Administration (M.B.A.), Finance, General -
2004 - 2008
Institute of Business Management
Bachelor's degree, Business Administration and Management, General
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