Accountant Accounting

AREAS OF EXPERTISE

Financial Reporting &

Analysis

Group reporting/

Consolidation

Accounting.

Costing & Management

Accounting

Budgeting & CF

Forecasting

Auditing & Compliance

VAT & Corporate

Taxation

Financial Policies &

Procedures

Project Accounting

IFRS’s & IAS’s

PROFESSIONAL EXPERIENCE - Summary

GAS & Oil Field Services Company (GOFSCO)- Kuwait Designation Period Period of service

Chief Accountant/

Senior Accountant

January 2016 – To Date <3 Years & 7 Months

ERNST & YOUNG – Kuwait

Designation Period Period of service

Engagement

Auditor/Audit Senior

Dec 2014 – Jan 2016 1 year & 2 Months

KPMG – Sri Lanka

Designation Period Period of service

Associate Auditor to

Audit Supervisor

June 2010 – December

2014

4 years & 7 Months

ACCADEMIC CERTIFICATION

2011 Bachelor of Science(B.Sc), Business Administration Special Degree

University of Sri Jayewardenepura, Sri Lanka

PROFESSIONALQUALIIFICATIONS

CHARTERED

ACCOUNTANT

(ACA) 2013

Associate Member of Institute Of Chartered Accountants of Sri Lanka ACA 5534

N.Rameshraja (ACA, ACMA, B.Sc.)

Email:- **********@*****.***/

Mobile: +965-********

Current address:- Naser Al Bader Street, Salmiya, Kuwait Visa No:- 18 Transferrable

CERTIFIED

MANAGEMENT

ACCOUNTANT

(ACMA) 2014

Associate Member of the Certified Management Accountants of Sri Lanka ACMA

PROFESSIONAL EXPERIENCE

January

2016 to

Present

GAS & OIL FILEDS SERVICES COMPANY KSC (GOFSCO) – Kuwait Chief Accountant/ Senior Accountant

Reporting to:- CFO & Group Treasurer

Preparation of annual financial statements in compliance with IAS, IFRS, etc. and ensure that adequate disclosures are made as per the standards are made.

Lead and participate in the monthly accounting closure ensuring timeliness, accuracy, completeness and compliance with company policy.

Ensure closing of all the modules in time and posting of all entries in GL and all the provisions/accruals are booked accurately every month in the books.

Carrying out consolidation of accounts quarterly and yearly and ensure that all the consolidation adjustments including elimination entries, Equity method adjustments for JV’s, unrealized profit or loss, intercompany transactions & balances and profit are accurately made.

Providing and interpreting financial information.

Act as the main point of contact to external auditors and ensure annual and quarterly audits are completed within the deadline given. Ensure that all the audit schedules are prepared and given to the auditors on time.

Responding to all the queries related to Financial Statements from various stakeholders. Ex: - Ministry, Banks.

Complies with legal and regulatory requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions.

Motivating and guiding staff, delegating tasks according to the capabilities of the subordinates’, providing technical assistance, supervising staffs and reviewing the works carried out by subordinates.

Assist in the preparation cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.

Analysis of actual performance against Budgets and Past period and communicate to the relevant departments and Top Management.

Oversee daily operations of the Accounts department and work with the CFO to develop short and long-term departmental plan in alignment with Company’s plan.

Assisting the CFO in the development of new policies and procedures to mitigate the loopholes in the control environment.

Responsible for project accounting: - Recognizing the revenues based on the milestones of the contracts, monitoring the budgeted cost against the actual and informing the project team about the progress and variations. Allocation of the costs to the revenue recognized based on appropriate methods. Maintaining the records of revenues, budgeted cost, actual cost, retentions and etc.

Hands on experience in prequalification and tendering process for KOC Projects.

Supervising periodic inventory counts and ensure that the inventory is carried on books accurately and make sure that the required provisions are made.

Hands on Experience in handling / arranging Letter of Credit (LC) and Bank Guarantee

(LG) for projects requirements.

Liaising with banks and handling bid bonds and performance bonds for various project requirements and lead various bank transactions.

Preparation of cash flow projections and budgets for the banks requirement.

Scrutiny of ledger balances on timely manner and investigate the major variances.

Preparation of daily liquidity report based on the bank balances.

Interacting with inter departments for smooth operations of the company.

Lead and participate in the preparation of bank reconciliation of all the bank accounts on a timely manner.

Reconciling Sub Ledgers with the General Ledger for AR and AP including vendor down payments on monthly basis.

Perform various finance and accounting related duties as required.

Hands on Experience in handling insurance policies for various projects requirement.

Involved in the implementation of New ERP System i.e. MS Dynamics. GOFSCO (Gas & Oil Field Services Company) is a Kuwaiti Shareholding closed company with an employee base of over 350. GOFSCO is a regional industry pioneer since 1972, supporting the development of the petroleum production industry in the region. The Company is one of the largest integrated service providers for the upstream oil and gas sector, both onshore and offshore.

GOFSCO provides oilfield services including inspection, logging, perforating, cementing, pumping, coiled tubing, slick line and well completion; provides repair maintenance services.

December

2014 to

January

2016

ERNST & YOUNG – Kuwait (Reporting to: - Engagement Managers.) Senior – Audit

Responsibilities include all activities from planning to finalization of audits and tax related issues.

Overall in charge of audits and responsible for comprehensive completion of all areas of audit work in a timely and competent manner.

Supervising the annual inventory count of clients and make sure that the inventory is valued in the books of accounts as per relevant standards and ensure that the required provisions are made.

Understanding and Reviewing of internal controls and systems related to financial transactions and identify any weaknesses in the controls and communicate the weaknesses to the management though Management Letter.

Direct field work, inform the Engagement Managers, the status and manage assurance staff performance;

Develop people through effectively delegating audit tasks according to the capabilities of the members of the audit team and providing guidance to assurance staff.

Preparation of different types of reports, E.g. Audit Reports to shareholders, Management Reports to the Board of Directors on evaluations carried out on the accounting systems and operations, memorandum to the Audit Manager and Partner on audit issues, for their attention and consideration etc.

Review of work carried out by subordinates.

Involved in the tax audits of International Clients.

Ensure preparation of financials and other reports in compliance with IAS, IFRS, etc. and ensure that the adequate disclosures as per standards are made.

Co-ordination of the audits by liaising with other divisions of E&Y (Tax, DPP, IRM)

Carried out consolidation of accounts of groups of companies and ensure that all the consolidation adjustments including elimination entries, unrealized profit or loss, intercompany transactions and profit share as per shareholdings are made.

Motivating and guiding staff, assigning duties to subordinates, providing technical assistance.

June 2010

to

December

2014

KPMG- Sri Lanka – (Reporting to: - Engagement Partner/Managers.) Supervisor – Audit (September 2013 to December 2014) In charge-Audit (June 2011 to August 2013)

Audit Trainee- (June 2010 to May 2011)

Responsibilities include all activities from planning to finalization of audits and tax related issues.

Overall in charge of audits and responsible for comprehensive completion of all areas of audit work in a timely and competent manner.

Advice clients on various tax issues such as notional tax credits, VAT and deferred tax liabilities etc.

Reviewing the VAT computation of clients and ensure that the VAT is computed as per the relevant provisions of Inland Revenue Act and VAT returns are properly filed.

Ensure preparation of financials and other reports in compliance with SLAS, IFRS, etc. and ensure that the adequate disclosures as per standards are made.

Plan staff resourcing by matching the requirements with staff availability.

Acting as a Performance Manager for 4 to 5 Subordinates. TECHNICAL

Proficient use of Microsoft Office applications and familiar with ERP Systems like Microsoft Dynamics ACCPAC and Quick Book.

Sound knowledge in MS Excel: - Pivot Tables, VLOOKUP and etc.

Proficient use of KPMG support tools (eAudit & IDEA)

Proficient use of E&Y support tools (EY Eagle, Micro start & Caseware)

Strong analytical skills.

Costing & Management Accounting.

Financial reporting and Consolidation accounting.

Budgeting and cash low forecasting

Sound knowledge on IFRS’s and IAS’s.

PERSONAL

INFORMATION

Full Name Nagalingam Rameshraja

Date of Birth 30th August 1987

Civil Status Un-Married

Mobile No +965-********

Nationality Sri Lankan

Current Location Kuwait City – Kuwait

Skype ID rameshraja.nagalingam

References and supporting certificates shall be provided on request. I, the undersigned, hereby certify that all the above-furnished particulars are true and correct to the best of my knowledge and belief.

Thank You,

Yours Faithfully,

Sd/-

N.Rameshraja.

29 June 2019.

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