Qaisar Malik Email and Phone Number
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Experienced E&P professional with 17+ years in multinational environments. Skilled in asset accounting, budgeting, taxation, DD&A, cash calls, payroll, and procure-to-pay processes. Proficient in GL, AFEs, bank reconciliation, and analysis, with expertise in Drilling & Completion performance analysis ERP-based reporting.AREAS OF EXPERTISEFinancial Performance Analyst (Drilling & Completion):Oversees JV budgets, AFE monitoring, liquid fuel consumption tracking, and inventory reconciliation for Drilling and Rigless operations, including D&C KPI’s monitoring and reporting. Facilitates Capex and Opex audits and ensures financial accuracy and efficiency.Budget & Forecasting Joint Venture, G&A and Corporate Budgeting, AFE’s and Budget analyses and Management Reporting.Cash Calls for Operated Joint VenturesPrepare monthly Cash Calls for multiple Operated JVs based on approved budgets and expenditure forecasts, record entries in the system; Follow up for recovery & address queries from JV Partners on Cash Calls and Cost statements.Asset Accounting and DD&AManagement of Fixed Asset Register (Asset creation & settlement Acquisitions/ disposal, depreciation schedules, reconciliation etc.); Preparation and recording of DD&A on UOP method. Maintain & Update 1P & 2P Reserves, Future Capex for DD&A Based on 2 P Reserves.Corporate AccountingGL accounting, accruals, prepayments, and deferrals; thorough review of the Balance Sheet; management of head office accounts and branch expenses; accounting for non-operated ventures.AP/AR, Treasury, PayrollInvoice processing, payment generation, cheques issuance, and revenue receipt recording. Prepared invoice aging reports and conducted cash flow, risk management, and capital allocation. Provided treasury-related reporting with data-driven analysis, alongside managing payroll activities, and ensuring budget compliance.Tax AccountingResponded to various tax notices, prepared, uploaded, and submitted Sales Tax and Withholding Tax returns on Federal Board of Revenue portals, and coordinated decommissioning cost audits.Reconciliation ExpertiseReconciliations of financial data, AFE’s, bank accounts, accounts receivable/payable, material, GL.Computer SkillsSAP S4 HANA (FI-CO, PS-IM, JVA, MM, Tax Module); Sun System, Vision XL MS Excel, Power BI & Maximo.Project Implementation & Data Migration(Integral part of SAP (S4 Hana) implementation team, overseeing testing of PS/IM module, WBS mapping, and data migration from legacy systems (Oracle, SAP ECC) to S4 Hana at UEP and OMV.
Mol Pakistan Oil & Gas Co. B.V.
View- Website:
- molpakistan.pk
- Employees:
- 756
-
Deputy Cheif AccountantMol Pakistan Oil & Gas Co. B.V. Sep 2024 - PresentIslāmābād, Pakistan -
Deputy Manager Financial PerformanceUnited Energy Pakistan Apr 2019 - Sep 2024Pakistan• Responsible for preparing Joint Venture Budgets for 3 concessions, conducting monthly OCM sheet reviews by comparing actual expenses with approved budgets, and providing technical departments with support in preparing JV Budgets for TCM.• Collaborate with relevant teams to analyze budget variances, propose corrective actions, and ensure accurate financial data, while verifying that expenditures align with budgeted line items.• Continuously monitor expenditures against approved AFEs for budget compliance and collaborate with technical teams to address scope changes or unforeseen expenses during drilling and workover operations.• Perform reconciliation and analysis of plan AFE and actual costs, identifying discrepancies and investigating reasons for significant variances to ensure accuracy in financial records.• Prepare monthly Cash Calls based on approved budgets and expenditure forecasts, record entries in the system, and address queries from Joint Venture Partners regarding the Cash Call and Cost statements.• Provide support in preparation of schedule for cash call balances & managing recoveries from JVP’s.• Responsible for preparing and recording monthly DD&A, maintaining the Reserves & Future Capex Database, and overseeing fixed assets' management, ensuring proper reconciliation and appropriate DD&A charges at each closing.• Responsible for preparing, reviewing, and analyzing various D&C activities, such as progress updates, well status, Rig Move Performance, Invoice Aging/status report, Monthly Capex Report, AFE monitoring reports, Wells KPI’s, and well decommissioning cost working, to ensure efficient project management & cost control.• Approve purchase requisitions and release order requests.• Review and verify invoices of D&C Department, including supporting documents, coding, rates and charges, accruals, compliance, approvals, dispute resolution and continuous improvement efforts, ensuring accuracy and efficiency in the invoice processing workflow -
Senior AccountantOmv Jul 2011 - Mar 2019Islamabad, PakistanAsset & Budget, Controlling and corporate Section• Utilized SAP to analyze project spending by reviewing all project invoices for capital and expense coding, maintaining settlement rules, creating asset shells from asset templates, settling of all assets in a timely manner.• Recording of Fixed Asset acquisitions & disposal in System, assigned tag no's, maintained FAR, conducted physical asset verification exercise.• Review/ update the detail schedule of fixed assets and accumulated depreciation.• Thoroughly review the Balance Sheet and branch expenses to ensure accuracy, compliance and financial transparency. • Raise of partners cash calls including carried cost receivable from JVP’s.• Monitoring and analyzing Non-Operator Ventures billing activities, including cash call working, under-over balances status and booking of actual billings and accruals.• Monitoring/ booking of HO debit note, Corporate and E&P charges and related accruals.• Analyzing and reconciling GL accounts, including prepaid expenses, accrued expenses and intercompany settlement reconciliation to ensure accuracy and completeness of financial records.Accounts Payable & Treasury Section• Provided efficient support to other section in invoice processing, skillfully resolving complex issues and assisted the Treasury Supervisor in overseeing and reporting all treasury transactions. Additionally, provided the assistance, ensuring accurate bank and account reconciliation in SAP and MS Excel.• Monitor daily cash balances, execute transactions, and maintain liquidity for operational and investment requirements also assess and manage financial risks, developing hedging strategies to safeguard against adverse movements in currencies.• Prepare treasury-related financial reports & offer data-driven analysis for informed financial decision-making.• Engage in relationship management, ensure compliance with regulations, and contribute to strategic planning.• Liaison with statutory/ external auditors -
Tax And Revenue SectionOmv Apr 2015 - Dec 2017• Coordinating with tax consultants in responding of notices sent by tax authorities related to income tax, sales tax, federal excise duty and provincial taxes on services.• Responding to various queries/information request raised by Head Office regarding tax matters.• Preparing and submission of sales tax returns and monthly income tax withholding statements on IRIS.• Prepare and uploading W.H tax statements for Sindh and Punjab sale tax at their respective web portals.• Posting of GL entries in SAP related to sale tax withholding and input sale tax and cleared related open items on monthly basis.• Coordinated with auditors for decommissioning cost audit. -
Executive Asset AccountingPetronas Feb 2006 - Jun 2011Islamabad, PakistanAsset & Budget Section (Nov-2009 to Jun-2011)• Assisted in preparing and submission of Corporate, G&A & Joint Venture (JV) budgets for FCM and OCM.• Monitored and analyzed Corporate and Joint Venture (JV) budgets and AFEs throughout the year.• Assisted/ analyzed and submission of monthly and quarterly reporting to head office i.e., Management reports, financial performance report, G&A, Fixed Asset Report, and any other request from head office.• Monitored and maintained liaison with the head office for insurance of company assets, including Energy Pack, F&M Assets, Condensate transportation, and Cash in hand/ Transit insurance.• Conducted, participated, and reported physical exercise of Drilling and Plant Inventories.Payable & Treasury Accountant (February 2006 to October 2009)• Managed treasury transaction recording and reporting for accurate and comprehensive financial records.• Generate treasury-related financial reports and provide data-driven analysis for informed financial decision-making, including debt, cash flow, cash balances, and cash needs forecasting.• Monitor daily cash balances, execute transactions, and ensure liquidity for operations.• Support capital budgeting, allocation, and structure decisions, and evaluating E&P investments.• Managed end-to-end invoice processing, ensuring timely and accurate payments by receiving, verifying, and coding invoices, while promptly resolving any issues in adherence to established procedures.• Issued monthly Invoice Aging Report, posted accruals, and processed Head Office debit notes.• Performing accurate and timely financial reconciliations, including bank accounts, accounts receivable/payable, and general ledger, to identify discrepancies and ensure financial accuracy, while collaborating with stakeholders for issue resolution and maintaining financial integrity.• Recording of inter-company loan entries correctly.• Liaison with statutory/ external auditors.
Qaisar Malik Skills
Qaisar Malik Education Details
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MbaFinance -
Government College Of CommerceAccounting
Frequently Asked Questions about Qaisar Malik
What company does Qaisar Malik work for?
Qaisar Malik works for Mol Pakistan Oil & Gas Co. B.v.
What is Qaisar Malik's role at the current company?
Qaisar Malik's current role is Planning & Controlling.
What is Qaisar Malik's email address?
Qaisar Malik's email address is qa****@****omv.com
What schools did Qaisar Malik attend?
Qaisar Malik attended Mba, Government College Of Commerce.
What are some of Qaisar Malik's interests?
Qaisar Malik has interest in Social Services, Children, Civil Rights And Social Action, Education, Environment, Poverty Alleviation, Science And Technology, Disaster And Humanitarian Relief, Human Rights, Health.
What skills is Qaisar Malik known for?
Qaisar Malik has skills like Oil And Gas, Petroleum, Project Planning, Accounting, Account Reconciliation, Analysis, Budgets, General Ledger, Sap, Gas, Fixed Assets, Finance.
Who are Qaisar Malik's colleagues?
Qaisar Malik's colleagues are Fawad Ali, Nausheen Jamil, Malik Junaid Rabbani, Nadeem Rehman, Abdul Amin, Rizwan Altaf Malik, Irfan Ullah Khan.
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