Project Accounting

Lal Jacob

**s *** Palisades Road, Burr Ridge, IL 60527. Cell: 331-***-****.

Email: ***********@*****.***

Objective:

Obtaining an accounting position where I will be able to contribute my skills, knowledge and experience to provide the company with the highest levels of Accounting and Financial system support.

Core Competencies :

Financial Sts & Business Analysis

Project Reporting standards

International accounting Std (IAS)

IFRS & knowledge of GAAP

Budgeting & forecasting

Cash flow Management

MIS & ERP System

Experience in Quick books

Receivable & Payable control

Excel & Word

Inventory control

Relation with Banks

Professional Experiences:

Controller Nov 2016– Present

Acculight LLC, Elk Grove Village, IL, USA (www.acculightusa.com)

Trading, manufacturing and contracting company

Operational Control and Management decisions.

Project costing and Profitability report system

Accounts Receivable and Payable control.

Management Reports and financial analysis

Business Analysis and Forecasting

Finance and Accounting Manager Nov 2013–Feb 2016

Arabian Aluminum Co, Jeddah, KSA (www.alumcogroup.com)

Trading, manufacturing and construction company

Lead and manage a team of 8 accounting professionals including hiring, training and delegation of assignments.

Expertise in corporate, divisional, regional, projects and branch accounting standards.

Responsible for monthly close and maintenance of all accounting ledgers including account reconciliation.

Preparation of all financial reports including P&L statement, BS and statement of cash flows as well as year-end financial reports .

Provide timely explanation of variance between actual results and budget/forecast, provide corrective action recommendation to Project Mangers.

Review contracts and sub-contracts, change orders and other contract modifications, research any unbilled issue and calculate unbilled revenue on POC (Percentage of completion) method.

Preparation and review of reports such as project profitability/ project costing reports and periodic project inventory checking reports.

Preparation and review of reports such as sales analysis reports, aged receivable and payable reports and periodic inventory checking reports.

Maintain special attention on financial closing entries, prepayments, accruals, work in progress and the entries related to revenue recognition.

Accounting Supervisor – Finance and Actg Manager Jan 1996 – Aug 2013

Building Products Company (BPC), Jeddah. KSA

Trading, Manufacturing and Contracting company

Preparation of all financial reports including P&L statement, BS, Project profitability report and statement of cash flows as well as year-end financial reports.

Monthly reporting packages and variance analysis with forecasted/budgeted figures on project level and on Company level.

Review Contracts and sub-contracts, change orders and other contract modifications, research any unbilled issue and calculate unbilled Revenue recognition.

Preparation and review of reports such as project profitability/project Costing reports and periodic site inventory checking reports.

Manage accounts receivable, accounts payable.

Making cost estimates of new products, review and validate standard cost and cost of goods sold (COGS) and experience in using material resource policy system (MRP).

Review and approve journal entries and accruals prepared by general ledger accountants and manage the month end closing.

Manage monthly reconciliation of bank accounts, balance sheet accounts, payable and receivable reconciliation and confirmations.

Responsible for enhancing MIS software to meet company needs.

Senior Accountant Sep 1992 – Oct 1995

Al Mosleh Org.(Trade and Construction), Jeddah, KSA.

Daily bank and cash report, monthly project profitability report, reconciliation of banks and GL accounts, recording of GL entries, importing employee time card in the payroll system, maintain project inventory and fixed asset.

Accountant Jun 1985 – Jun 1992

Bhagheeratha Engineering Ltd (BEL), Cochin, India

Construction Company

Prepare invoices and vouchers, filing, typing and posting ledgers. Input payroll data, perform cycle counts and adjustments of inventory, assist with cost analysis of projects, maintain customers and receivable files, maintain vendors and payable files, assess records, tag capital purchases as per company policy.

Educational Qualifications

Bachelor Degree in Accounting (major) and Costing (minor) -1983

Completed Masters Degree course in Accounting and Finance -1985

COMPUTER PROFICIENCY

Proficient in Oracle based ERP, Microsoft Dynamic Navision and Management Information System (MIS) developed in Fox Pro. Sound knowledge and experience in advanced Quick books, MS Office Excel & Office Word and have a good sense of IT controls.

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