•A new role related to managing the accuracy of contracts, agreements data base and invoices payment, settlements & reconciliations.Oversee and manage the daily operations of the accounts payable department, including team management.Insure timely and accurate processing of all invoices/ requests.Maintain internal and external relationships and resolve any discrepancy of disputes and informing of status updates.Negotiations of payment terms/plans.Managing payment priorities quickly and efficiently.Insure that all documentation/requests are in line with compliance and company policies and procedure’ as well as applicable accounting and banking regulations.Collaborate with all other departments, including all other finance functions to support overall company goals.Assist building forecasts and trackers to improve future visibility on upcoming payments.Defining clear roles and responsibilities for team members.Participating in contracts committees and tendering process as a financial member.Reviewing and analyzing contracts with global & Local contractors cover different types of Offshore & Onshore services such as perforation, marine services and others. Receiving all material purchase orders and invoices from registration dept. for financial audit purpose according to contracts terms through payables team. Release invoices for payment after final check & review.Manage the rotation of work process across the team to achieve the best knowledge level of all work scopes for all the department staff.Monitoring invoices situation from payment and do the proper directing and follow up.Prepare accrual reports for invoices in process.Vendor accounts reconciliation. Setting up process maps and procedures and training all necessary team members/internal teams on full process.Develop & implement procedures to improve the efficiency, visibility and accuracy of the accounts payable whole process.Perform other duties as assigned.

Communicating with all company sites & departments to follow up the services provided to other parties and all supporting documents and requests to determine whether services done are correctly invoiced and properly handed to customers and follow dues age.Preparing monthly, quarterly and annual outstanding receivables reports with explanations if any.Highlight risks on customer account and proactively have action plan to mitigate the risk.Follow up the customer’s data base and taxes policy based on country lawCustomers’ Accounts Reconciliations.Aging reports based on collections and dues. Invoices documentation & handling according to the followed policy & regulations for the purpose of accuracy and control efficiency & facilitating a short payment.Assure that all transfers are appropriately recorded through SAP with the cashed amount, analyze differences if any, and take the necessary action for required settlements after communicating with the concerned department of the service previously provided.Communicating & following up customers through relationship building with high volume prioritized customers, e-mails, phone calls & visits if needed and negotiate payment plans in non-payment cases.

Follow up & analysis of wells condition& activities and assure accuracy of cost allocation of invoices charged on SAP & make rectifications entries needed to ensure that costs are accurately charged on proper WBS’s (capex & opex) for the accuracy of cost recovery.Receive and prepare monthly accrual reports for services done and not invoiced or paid yet and related entries on SAP System& calculate and analyze work in progress estimations cost with actual occurred.Receive projects' reports to calculate the work in progress to be considered.Receive workshops reports from all company sites with services done to reallocate those services directly on areas and wells served plus entries required on SAP to charge platforms and concessions appropriately. Receive all audit reports on activities from affiliated entities such as IEOC, EGPC, BP, EGAS...etc& provide all departments with the exception notes related to each one of them& coordinate and organize replies& do any required rectifications related to such a right exception on SAP Prepare and update company price list for service rendered to other companies.Finalizing list of expenditures for all PETROBEL companies to send to IEOC and EGPC.

Record daily entries on SAP R/3 system due to daily cash movements & print out all daily and weekly reports with highlights & notes on exceptions & reasons Study contracts details and audit contractors’ invoices. Prepare weekly & monthly reports for expenditures with highlights & explanations for high areas for senior management. Prepare accrual report based on invoices under settlement basis.Prepare cash disbursements & follow up cash transfers on SAP R/3 system.Assign G\L charge for petty cash (vouchers) due to areas & divisions.Cooperate with internal audit team during site visit to provide them with data required to evaluate the adequacy of control system over all control procedures effectiveness and efficiency.Act as treasury officer when a gap occurs between tellers.