Project Management
Resume:
Suhail Arekat, CPA, CIA
Cypress, TX *****
************@*****.*** ww.linkedin.com/in/suhailarekat
SENIOR FINANCE PROFESSIONAL
Over 15 years of multi-national corporate and small/mid-size accounting, auditing, and management experience. Hands-on leader with expertise in project costing, financial analysis and reporting, and asset management. Proven record of developing and implementing financial and operational controls that improve profitability and reporting. Enjoy challenging work in a team environment.
Financial & Operational Reporting
Budgeting & Forecasting
Asset Management
Project Control
Policy & Procedure Development
Inventory Management
Process Improvements
SOX/Internal Control
PROFESSIONAL EXPERIENCE
WORLEY PARSONS, Houston, TX 2016 – 2017
Accounting Manager (contract role)
Reconciled project costs for engineering software that was developed internally and allocated to its various world-wide operations.
Built a bottoms-up 6+6 monthly forecast for the global engineering software overhead projects.
Re-created history to FY15 to verify intercompany engineering user payments were properly recorded.
TURNKEY SPECIALIST, INC, Houston, TX 2016 – 2016
Assistant Controller
Managed financial reporting, analysis, and reconciliations for a privately held engineering, consulting and field service business for the oil and gas industry.
Restated revenue for 2016 to comply with US GAAP percentage of completion criteria, which yielded an additional 40% revenue for the first half of the year.
Identified error in prior year deprecation of fixed assets which resulted in $0.5M increase to current year retained earnings.
Identified $400K in unbilled revenue to clients due to lack of policy and procedures over the client billing process. Established a policy and procedures to prohibit future errors.
AUDUBON ENGINEERING, Houston, TX 2012 – 2016
Revenue Controller
Controlled and managed at the Corporate level the recognition of revenue and cost on all projects for a privately held engineering, consulting and field service business for the oil and gas industry.
Identified material misstatements of more than $10M through reconciliation of more than 200 projects, which resulted in additional client billings and improved margin.
Implemented a revenue recognition policy for percentage of completion accounting and established controls over time and material, cost plus, fixed fee, and intercompany charges. Trained project managers and finance personnel on the new policy and procedures.
Established monthly forecast meetings with management to review project status including margin analysis, actual cost versus budget, and accounts receivable aging. Presented and explained results to executive management and operations.
WORLEY PARSONS, Houston, TX 2011 – 2012
Principal Financial Accountant
Managed reconciliations for intercompany and payroll accounts to support Corporate Accounting for its world-wide operations.
Successfully led the reconciliation of more than 100 intercompany accounts for over 20 entities and became the sole focal point in the US for world-wide intercompany reconciliation and confirmation. In addition, developed procedures and implemented a process for reconciliation and confirmation, resulting in improved overall efficiency and on-time monthly reporting.
Reconciled over 100 payroll-related accounts that had been unreconciled for over a year. Identified the system-related issues causing inaccurate postings and worked with IT to correct the errors. Developed flow-charts of the payroll cycle and recommended changes to management.
CAMERON INTERNATIONAL, Houston, TX (acquired Petreco International) 2007 – 2010
Controller, North & South America Region
Managed financial reporting and analysis of $200M project based business by aligning with Project Management, Engineering, and Procurement to maximize results while managing five employees.
Led successful on-time implementation of full SAP for the Petreco Division integration with Cameron, including first time development of Project Systems.
Developed flow charts and questionnaires for key areas of internal control to comply with Sarbanes Oxley implementation. These were adopted by all regions and used quarterly.
Partnered with project managers and collections to maximize customer receipts and increase cash flow which resulted in decreasing DSO by 10 days and exceeding budgeted cash flow.
PETRECO INTERNATIONAL, Houston, TX (spin off of Baker Hughes) 2003 – 2007
Project Finance Accountant
Managed project reporting and analysis of $200M project based business by aligning with Project Management, Engineering, and Procurement to maximize results.
Developed a cost model to reconcile actual versus forecasted project costs to ensure accurate and timely reporting of revenue and cost. This model supported the monthly financial close, SOX audits, and external audits and was used by the other regions.
Established monthly review meetings with project management to review project status including margin analysis, actual cost versus budget, and accounts receivable aging. Presented and explained results to executive management and operations on a quarterly basis.
BAKER HUGHES – BAKER PROCESS, Houston, TX 2000 – 2003
GL Accountant
Prepared monthly financial statements, closing and adjusting entries, payment schedules, audit schedules and operating budget for $200M project related business.
Managed more than 10,000 assets by reconciling monthly, evaluating for impairment, recording additions and disposals, and posting depreciation and amortization. In addition, monitored over 100 capital expenditure requests to ensure timely and accurate capitalization.
Processed payroll utilizing ADP and administered medical, dental, and life insurance benefit programs to support over 1,000 employees.
EDUCATION
Bachelor of Arts – Accounting, University of Cairo, Egypt
CERTIFICATIONS & MEMBERSHIPS
Certified Public Accountant (CPA)
Certified Internal Auditor (CIA)
Member of Texas Certified Public Accountants
Member of the Institute of Internal Auditors
AWARDS
Six Sigma Green Belt
2005 Employee of the Year Award
Letter of Recognition from Cameron President
Software Skills
SAP, Oracle, Microsoft Dynamics, Sytline
Hyperion (HFM), Access Dimension
Best Software(Sage)
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