Mohamed Al Jasmi
Project Cost Controller at National Petroleum Construction Company- Claim this Profile
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Bio
Experience
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National Petroleum Construction Company
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Libya
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Construction
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1 - 100 Employee
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Project Cost Controller
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May 2004 - Present
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Project Cost Controller – Over Seas
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2017 - Present
Project Cost Control Section :· Provided guidance and leadership to 7 employees (3 NPCC-AUH & 4 NPCC-KSA)· Dealing with oversea projects awarded from ARAMCO 8.2 AED billion· Preparation projects budget in accordance with commercial handover document provided by Proposal section and break it down as per chart of accounts· Verify the revenue reported by PMT in the project monthly report against the revenue in the contribution report· Developed and implemented forecast plans to reduce expenses and increase profits based on progress of working done provided by Projects Shared Services Department· Prepares the monthly project financial report including details on progress against approved budgets and variance reports· Oversaw general ledgers, accounts receivable and payable, payroll processing and reporting for NPCC-Saudi branch· Reported on financial situation to guide decision-making and budget formulation for NPCC-KSA· Monitor and review all financial system and processes related to the NPCC-Saudi branch and ensure their full compliance with the NPCC-AUH chart of account and that the integrity of all financial information is protected· Prepare Consolidated Management Accounts share of NPCC Engineering Limited (NEL) India with NPCC AUH. Balance sheet/Income Statement· Effective working relationships with auditors and ensure that all recommendations and findings identified by audit are acted upon promptly with any necessary action implemented Show less
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Lead Accountant
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2003 - 2017
Joint Ventures Section (NPCC- Technip FMC) :· Supervised finance staff, 2-Juniors and 1-Senior· Managed accounts payable and receivables, reconciling accounts and processing cash transactions· Monthly Journal vouchers and taking and clearing of accruals· Performed monthly bank reconciliation and general ledger accounts analysis· Mapping chart of accounts of Technip with NPCC accounts· Performed monthly bank reconciliation and general ledger accounts analysis· Operated the hedge EURO currency 270m, Executed and cost rollover impact in BS/IS Show less
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Senior Accountant
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2008 - 2013
Fixed Assets & Operational Budget : · Assess and prepare the annual capital expenditure budget· Prepared management accounts and budget-holder reports, identifying significant trends and variances (Budget v.s Commitments),· Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards· Physical Inventory of Fixed Assets, Checked and matching of fixed assets with accounting register· Monthly Deprecation report· Monthly Closing of fixed Assets: 1-Identification, recording and verification of fixed assets.2-Fixed assets disposals and write offs. 3-Fixed asset transfers (inter-location) Show less
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Accountant
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2004 - 2008
Budget & System Section : · Preparing the annual Departmental Budget· Develop, maintain and analyze budgets, preparing period reports that compare budgeted costs to actual costs.· Compiled financial information, figures and forecasts for budgetary decision-making· Posted journal and ledger entries, prepared reports and monthly departments closing· Closely monitored the Back Charges invoices to Third Party to avoid overspending• Maintained updated chart of accounts following correct procedures and including current, accurate details Show less
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Lead Accountant
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Education
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United Arab Emirates University
Bachelor's degree, Accounting