Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate Email and Phone Number
Having over 14 years of experience in Finance and Accounting domains in FMCG & Oil and Gas through working for major oil and gas operators in Syria and KRG of Iraq (REPSOL, Petro-Canada & DUBLIN) in the capacity of Cost Controller / Accountant. Besides, landing the position of Chief Accountant for the Iraq exclusive distributor of Nestlé products, occupying the position of Finance Manager of DANONE ELN and being the Finance Manager of an international service organization within the oil & gas industry, all have familiarized me with many of the challenges regarding handling the full spectrum of financial and accounting functions and delivering the first-class profession.Coupled with a solid educational background by holding USA-based CMA designation, BS in Accounting and MSc in Financial Management and recently successfully completing the Diploma in IFRS sponsored by the UK-Accountancy body ACCA, which progressing me toward completing 8 out of 13 papers of the ACCA, would give me an ample opportunity to demonstrate the skills and experience I can bring to benefit the company.Participating in Petro-Canada CSR programs to provide the necessary support to NGO parties to start their own business and play our role as a private sector in the prosperity process in Syria.Skills:• Oil and Gas & FMCG Experience.• Budgeting and forecasting.• Dynamic in adapting to new situations and innovative in conducting work.• Commitment to continued training and learning.
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Financial ControllerNrco For General Trading FzcoErbil, Erbil Governorate, Iq -
Financial ControllerIndependent Oil Tools - Iraq Jan 2020 - PresentIraq"ALWAYS AT YOUR SERVICE"IOT Iraq is part of IOT Group – a Norwegian group of oilfield services companies, with worldwide locations in the most important oil and gas logistics hubs,• Producing a full set of the financial pack and interpreting financial information for managerial staff.• Advising on investment activities and providing strategies that the company should take.• Manage the preparation of the Annual Budget, monthly Short-form Forecast, and Management Account Reports.• Liaising with the external audit to ensure appropriate monitoring of company finances is maintained.• Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.• Support project analysis, validation of plans, and ad-hoc requests.• Ensure compliance with accounting policies and regulatory requirements. -
Finance ManagerDanone Early Life Nutrition Mar 2018 - Sep 2019IraqWorking in a matrix organisation (directly reporting to the Country Manager, functionally reporting the HQ Finance Director):• Responsible for the financial planning for the company, including the development and implementation of the annual budget• Oversees the accounting activities, Supervises, directs and reviews the work of accounting staff.• Coordinates monthly, quarterly, and annual closing activities to ensure timely and accurate submission of all financial reports and all regulatory, tax and other financial returns in line with IFRS, and the Company’s reporting requirements.• Makes and implementations recommendations to improve accounting processes and procedures.• Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data.• Performs internal audits of accounts payable, payroll distribution, fixed assets.• Analyses cash flow, cost controls, and expenses to guide business executives, analyses financial statements to pinpoint potential weak areas. -
Chief AccountantAl Muhaidib Group Sep 2016 - Feb 2018IraqIraq Chief Accountant at AL Maha General Trading / Al Muhaidib Group ( A Nestle Sales & Distribution Operation) and reporting directly to the CFO:• Handle full spectrum of day to day financial & accounting operations.• Manage and oversee the monthly closing of financial statements.• Support CFO / Sales Director in decision making including Pricing.• Gathering & presentation of monthly ExCom & support the delivery of quarterly BOD Presentations.• Interval review of the Landed Cost to maintain the targeted gross margin.• Reporting any financial discrepancies.• Delivering Authority Matrix training session for the implementation.• Preparation of Monthly and Annual Budget ( including quarterly dynamic forecasting )• Reconciliation of bank statements.• Advising on the improvement of management accounting system, internal control system and the use of the accounting software.• Approve the transactions within designated limits / Authority Matrix.• Cooperation with external& internal auditors to carryout annual auditing.• Managing monthly Nestle payment profile.• Direct supervision and monitoring over Nestle GPR & TTS Compensation• Implement departmental objective and deliver and promote Al Maha Values and Competencies -
Cost Control AnalystRepsol Jul 2013 - Aug 2016Iraq - ErbilHaving PSC with KRG of Iraq for the exploration of O&G in two blocks in the first and the second exploratory period project operating with both seismic and drilling campaigns, key duties include:•Responsible for the tracking, recording, monitoring and controlling of all project total expenditure relating to drilling & seismic activities including asserting of invoices and claims from suppliers to ensure that all expenditures are captured and properly recorded to ensure the accuracy of accounting data.•Track all assigned invoices to ensure timely processing and payment, in accordance with contractual payment terms.•Participation in cost preparation, daily cost estimate, well cost reconciliations, well cost accruals and invoice allocation across wells.•Review and investigation of accounting anomalies•Developed data base using the SAP system•Participation in the development of improved accounting processes for control of all aspects of costs.•Generate SAP SO & SES for the approved invoices and communicate them with the contractors.•Working knowledge of ERP system “SAP” MM Model. -
Chief AccountantExquom Consult Jun 2012 - Jul 2013SyriaA company specialized in services for Telecom Operators, reporting to the Managing Director:• Conduct account reconciliation and ledger close activity for periods from 2010 till 2012.• Provide technical & administrative supervision on all financial affairs for the company’s operations.• Preparation & Presentation of periodic financial reports.• Monitors and interpret cash flows and predicting future trends.• Daily monitor of JVs, A/P and A/R accounts.• Preparation of the payroll Entry- including Social Security & Income Tax• Deal with Taxation Issues and Income tax• Design the Petty Cash System• Recommend formulation of policies and procedures related to the Finance Department.• Prepare & process entries in AL Ameen Accounting System.
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Cost Controller / AccountantPetro-Canada "Suncor Energy Business" Oct 2010 - Apr 2013Damascus - SyriaHaving PSC to develop and produce natural gas from the Ash Shaer and Cherrife fields by constructing and running a (GTP) Gas Treatment Plant & (GGS) Gas Gathering Station along with the pipeline for the Ebla Project in Syria, key duties include:Responsible for ensuring that proper cost allocation aprocess are followed for the Syrian operations of Petro-Canada. Includes the tracking, checking and on time processing of invoices, dealing with local branch accountancy and withholding tax issues.By dealing with cost recovery, cost allocation, preparing tax report, and cost reconciliation & allocation to agreed contractual terms in a joint venture oil & gas company. -
Cost ControllerSipc (Syria) Limited (Formerly: Dublin International Petroleum Ltd) Sep 2008 - Sep 2010Damascus - SyriaProvides cost control support to Oudeh and Tishreen projects, including managing actual cost and preparing cost to complete, working on a day to day basis with the project team and report findings to Cost Control Head of Section.Responsible for:• Compare between the invoice and the PO or Contract concerning the rates, quantities, payment terms, delivery terms, period, SPC approval.• Ensure accuracy and completeness of all accounting information.• Control the preparation of all reporting requirements for review prior to submission.• Following terms of cost recovery.• Cost allocation on the proper cost centers and AFEs.• Explain billing invoices and accounting policies to staff and vendors.• Resolve accounting discrepancies.• Prepare the Accrual Entry at the end of each month.• Prepare the Estimation Accrual Entry at the end of each month. -
AccountantPuzant Yacoubian & Sons Aug 2007 - Aug 2008Damascus - Syria•Manage suppliers' accounts, Orders accounts beginning with cost, freight, insurance, customs and any additional cost.•Open new customer's accounts.•Coordinate between Operation department and Accounting department.
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate Skills
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate Education Details
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Economics – Department Of Accounting
Frequently Asked Questions about Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate
What company does Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate work for?
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate works for Nrco For General Trading Fzco
What is Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate's role at the current company?
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate's current role is Financial Controller.
What schools did Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate attend?
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate attended Acca, The Arab Academy For Banking And Financial Sciences, Damascus University.
What skills is Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate known for?
Izzat Alsbaini - Msc, Cma®, Dipifr And Acca®Candidate has skills like Leadership, Auditing, Variance Analysis, Sap, Accounting, Cash Flow, Gas, Cost Accounting, Accruals, Tax, Maximo, Internal Audit.
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