Khaled has more than 32 years of experience in all financial aspects with international Oil & Gas companies, such as Qatar Gas Transport Co. - Nakilat , Apache, Qatar Gas, Repsol and Conoco.
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Chief Financial OfficerNakilat Nov 2013 - May 2018Doha, Qatar• Setting up the company’s Vision& Mission as well as short-term and long-term Business Plan along with the company’s team leaders.• Responsible for the Company consolidated FS with assets over $8b and a yearly Capex & Opex budget over $2B.• Working closely with the Company BOD, CEO as well as other department directors in all accounting aspects• Appointed as a Board member representing the Company on its Joint Ventures BOD.• Developing and maintaining company policies and procedures and ensuring that financial controls are sufficiently designed and operating effectively.• Ensuring compliance with all regulatory requirements & obligations to provide appropriate and timely disclosure of material information. • Leading the Accounting, Budget, Financial Reporting and Supply departments and ensuring their objectives are in line with company’s Vision & Mission and Business Plan. • Leading all the Financial aspects in 28 Nakilat Joint Ventures with different partners and activities• Challenged to reduce expenses and build a consolidated Finance Organization for Nakilat and its JV’s• Established centralized procurement team to cover the Corporate and JV operations -
Accounting ManagerNakilat Aug 2008 - Sep 2013Doha, Qatar• Planned and directed the accurate and timely preparation of financial statements in accordance with IFRS and in compliance with regulatory requirements for timely submission to various constituencies (Shareholders, BOD, Management, Doha Securities Market and others)• Developed and maintained accounting policies and procedures and ensure that financial controls are sufficiently designed and operating effectively.• Maintained a strong Accounting organization to support the company’s strategic plan • Established department objectives and evaluated staff performance.• Liaison with Doha Securities Market and government authorities. -
Accounting ManagerApache Corporation Dec 1997 - May 2008Cairo, Egypt• Supervised 15 accountants working in General Accounting, Treasury & Commercial sections.• Preparedfinancial statements for 22 operated concessions (17 producing / 5 exploration) and 1 non-operated producing concession• Prepared Variance analysis for Head office in Houston and internal management• Reviewed Crude Oil Cost Recovery Statements to local authoritiesand followed up with them on all outstanding issues• Prepared DD&A calculation based on reserve reports• Assisted in preparing Company Budget• Reviewed Oil and Gas Sales invoices to EGPC& third parties• Reviewed JV billings and insured proper coding in the Accounting books• Reviewed all banks reconciliations (over 80 Bank A/C), Partners Billings, Cash Call and followed up on queries -
Financial Reporting And Budget AnalystQatargas Aug 1996 - Nov 1997Doha, Qatar• Prepared Annual Budget for the Company • Prepared monthly Financial Statements• Actual vs. Plan variance analysis to management and shareholders• Dealt with other departments to insure proper booking of monthly accrual.• Budget control through AFE system (SAP Accounting Application). -
Accounting SupervisorRepsol Oct 1990 - Jul 1996Cairo, Egypt• Supervised 5 accountants• Prepared monthly Financial Statement to the Head office in Madrid.• Prepared actual month to month and actual month to plan variance comments• Prepared Crude Oil Sales Invoices to external customers and local authorities• Reviewed all accounting matters related to 7 operated Concessions by Repsol i.e. Cost Recovery, DD&A, Lifting Allocation, Partner Billing, Cash call…. -
Senior AccountantConocophillips Apr 1986 - Sep 1990Cairo Governorate, Egypt• Prepared monthly Financial Statement to the Head office in Houston• Calculated and booked DD&A • Prepared Partner Billings and Cash Calls• Responsible for W/H stock accounting, including pricing, material transfer booking, physical inventory… • Fixed Assets depreciation.• Booked JV billings in Conoco’s accounting books.• Booked Head Office billings and follow up on any outstanding items.• Reconciled Banks A/C’s and followed up on outstanding items.• Reviewed and booked petty cash expenditures
Khaled Aref Education Details
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Very Good
Frequently Asked Questions about Khaled Aref
What is Khaled Aref's role at the current company?
Khaled Aref's current role is Open for a new challenge.
What schools did Khaled Aref attend?
Khaled Aref attended Ain Shams University.
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Khaled Aref
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2ntccegypt.com, taqamisr.com
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