Mubarak A. Warsame Mobile: +971-**-***-**-** Email: adl9bh@r.postjobfree.com

Mubarak A. Warsame

Senior Professional - Cost Control Management Accounting Corporate & Projects Highly skilled and accomplished Cost Controller offering 17+ years' of experience with a knack for taking companies in positive directions with their Operations. Outstanding ability to make sound recommendations on and analysis, budgeting, and reporting, which have helped companies improve their profit margins significantly. Profound understanding of international financial standards, tax regulations, and best practices in budgeting with exceptional ability in reporting analysis, contracts, and policy design. Hands-on experience in construction project cost control and estimating techniques. Skilled in cost analysis reporting and variance with a record of success in consistently controlling operations and general project costs. Excellent knowledge of accounting, finance, economics, procurement, contract administration, and labor legislation. Date of Birth

Nationality

Somalia

Marital Status

Driving License

25.May.1979 Single UAE

CONTACT

+971-**-***-**-** adl9bh@r.postjobfree.com Abu Dhabi, UAE CORE COMPETENCIES

Project Cost Accounting • Budgeting & Forecasting • Costs Control • Invoicing • Cash Management & Optimization • Management Accounting & Reporting • Strategic Planning & Execution • Corporate Finance & Accounting • MIS/Financial Reporting • IFRS Implementation • Cost Allocation • Financial Analysis & Planning KEY MILESTONES

Thoroughly trained all staff members on the timesheet costing process for projects at MMEC Mannesmann.

Achieved the ‘SKEA (Sheikh Khalifa Excellence Award)’ for the Finance team in ADCO Finance & Control.

Imparted great contribution in automating contract rates to help in task order processing for ADCO projects.

Distinction of providing complete automation to all cost reporting processes at OilSERV using EPICOR

Successfully established a new structure for the chart of accounts to new budgeted projects at OilSERV.

Achieved success with 90% accuracy in construction costs for all projects within agreed deadlines at NAKHEEL.

Successful inventory control for all Construction materials and equipment at NAKHEEL

Conducted extensive feasibility studies for Al Sahrah General Contracting for mall establishments. WORK HISTORY

MMEC Mannesmann GmbH - Abu Dhabi, UAE Sep 2019 - Present Cost Controller (Projects)

Project Management Reporting Budgeting Assistance Forecasting Costs Timesheets Client Communication Recruited on board for overseeing project management reporting and cost control for Pipeline Leak Detection System and Sulphur Pipeline projects for client ADNOC. Actively assist the Project Manager in planning budgets for each project right from the estimations stage. Assume full responsibility for forecasting upcoming costs for the projects way ahead of schedule. Instrumental in regulating timesheets based on the percentage of working hours and project allocation. Report variance between actual costs and original budget, and recommend corrective actions.

Mubarak A. Warsame Mobile: +971-**-***-**-** Email: adl9bh@r.postjobfree.com

Supervised and applied ABC – Activity Based Costing for corporate and projects with more than 90 employees.

Ensured all project works remained within expenditure limits by suggesting creative ideas and keeping a close check on the costs of each project.

Monitored project costs, reviewed labor costs and invoice expenses.

Assess projects progress and relation with budget and commitment.

Coordinating with the financial controller in preparation of financial performance and budget data reports on monthly basis of the different departments to be presented in project meetings.

Accelerated approvals of project milestones and payments by following-up with ADNOC regularly.

Maintained cost budgets and accurate cost forecasts, variance analysis, and monitoring project status.

Cautiously monitored man-hours and purchase orders across the project life cycle. Optimized costs for the projects’ man-hours as well as equipment.

Preparing and presenting PMR – Project Management Reports, with data gathered from Finance, Project Control, HSE, Corporate office, and present to senior management every 15th of the month.

In charge of reviewing suppliers’/contractors’ invoices and processing of payment requests.

Identified and reported all concerns for major project issues hindering project progress to ensure on-time addressing by the management.

Taking a pro-active approach to continuous improvement of the systems and processes. Oil SERV Oilfield Services - Dubai, UAE Feb 2018 - Aug 2019 Senior Cost Analyst / Project Control.

Invoice Processing Cost Calculation, Allocation & Reporting Variance Analysis Ad Hoc Reports Training Primary responsibilities included Cost Reporting for Surface Production Management processing weekly invoices post confirmation of works completed by the engineering department. Solely accountable for bi-weekly/monthly cost reporting, budget vs. actuals, and variance analysis. Prepared ad-hoc reports using Excel and shared the same with the management.

Efficiently handled Surface Production Management (SPM) Harken Energy, EXXON Mobil & Crescent.

Accurately calculated labor costs as per designation and timesheets on a monthly basis.

Tactfully allocated costs for labor and machinery after a thorough inspection in line with methods of cost control and optimization for all the 3 projects.

Consolidating and closing activities related to accounts payable as per the closing schedules to ensure accuracy.

Prepared and analyzed project cost Budget Vs. Actual and variances and reported to engineering management.

Skillfully analyzed major long-term contracts and invoices phase by phase, keeping the life span of the project in mind.

Monitor and review open contracts in addition to follow up until close out of expired contracts.

Assist the tax team in issuing the VAT & ICV claims on quarterly/yearly basis.

Developed chart of accounts for upcoming projects by allocating and creating cost centers.

Trained interns on financial aspects and provided support to other cross-functional departments. Abu Dhabi National Oil Company - ADNOC - Abu Dhabi, UAE Nov 2010 - Oct 2017 Senior Projects Accountant

Corporate Financial Management Financial Analysis/Review Implementing Policies & Procedures Bookkeeping The role involved active participation in corporate financial management team operations, preparing financial reviews for contracts, and variation orders. Proactively assisted the leadership in formulating and implementing financial policies & control procedures, financial decision making, business planning, and feasibility studies. Prepared financial analysis, including cash flow and income statements.

Significantly contributed to standardizing procedures, recording step-by-step for future years, and transforming Mubarak A. Warsame Mobile: +971-**-***-**-** Email: adl9bh@r.postjobfree.com the complex consolidation process to one with the highest levels of accuracy and quality.

Credited for preparing annual budget booklets for four consecutive years (2011–14).

Supervising a team of four Junior Accountants, reporting to Financial Controller.

Reconcile and analyze general ledger and sub-ledgers (Accounts Payable, Personnel Balances) with GL control accounts.

Managing the annual budgeting process by preparing and developing the templates of the OPEX budgets.

Loading of OPEX budget data to financial system through Integrated Budgeting System (IBS).

Assisting the business planning section in raising the finance proposals for Capex and extra-ordinary budgets.

Prepare/review monthly YTD & PTD cost reports to analyze variances of Actuals Vs. budget

Preparation of month end journals and ensure they are completed accurately within the agreed timelines.

In charge of reviewing suppliers’/contractors’ invoices and processing of payment.

Processing & validation of purchase orders & task orders and ensure that budget is available for each account.

Forecasting contracts value/expenditures and preparation of annual budget for cash forecast.

Ensure compliance to the company’s Accounting standards and GAAP on various issues.

Preparing reports for open commitment documents & recommended actions in order to meet the KPI.

Monitor and review open contracts in addition to follow up until close out of expired contracts.

Analyzing and reconciling of commitment reports and accounts to control against budget.

Assist in the preparation of Financial Discrepancies Report (FDR) to record assets write off.

Quarterly Review of payroll allocation to activities in Oracle to ensure cost is properly allocated.

Assist Finance Controller in preparing of monthly reporting’s to ascertain Cost Per Barrel (CPB) presentation.

Conducted awareness sessions for non-finance employees on financial aspects; simultaneously provided support to other engineering and drilling divisions.

Emirates Telecommunication Company - ETISALAT – Abu Dhabi, UAE Mar 2007 - Sep 2010 Accountant (Budgeting & Cost Control)

Budgeting & Cost Control Financial Analysis/Review Policies & Procedures Reporting The role in Etisalat involved active participation in annual yearly budget with finance team, preparing financial reviews for reports and variance analysis. Proactively assisted the leadership in formulating and implementing control procedures, financial decision making, business planning, Prepared financial analysis.

Preparation of the annual budget and implemented financial policies and procedures.

Established and maintained cash controls and Revenue assurance.

Forecasting contracts value/expenditures and preparation of annual budget for cash forecast.

Reviewed internal controls, reporting systems, Cost & MIS reporting

Prepare/review monthly YTD & PTD cost reports to analyze variances of Actuals Vs. budget

Coordinate with Internal Auditors and follow up the progress of audit recommendations.

Prepared monthly financial statements, quarterly reports and reports on variances.

Prepare employees’ salaries & compensation by the end of each month.

Schedule bank payments or hand out salary cheques directly to employees.

Report on monthly payroll expenses.

Quarterly Review of payroll allocation to activities in Oracle to ensure cost is properly allocated.

Emiratization initiative through the development and training of young Emiratis

Prepare and submit Ad-Hoc reports to the line manager on financial control activities. Mubarak A. Warsame Mobile: +971-**-***-**-** Email: adl9bh@r.postjobfree.com SCHOLASTICS

CMA (Certified Management Accounting) - The Institute of Certified Management Accountants (IMA) Master of Business Administration (International Finance) - Osmania University - Hyderabad, India – 2004 Bachelor of Commerce - Osmania University - Hyderabad, India – 2001 CERTIFICATIONS

Value Added Tax (VAT) Trained Pro - Hyderabad, INDIA.

Accounting Training - The American Accounting Society – Hyderabad, INDIA.

ADCO Accounting Course - Ernst & Young -Abu Dhabi, UAE.

Oracle Applications, Oracle Financials11i - Hyderabad, INDIA.

IBM MAXIMO contracts and invoicing. – UAE.

MCP (Microsoft Certified Professional) – Hyderabad, INDIA.

MS Dynamics AX – MMEC Mannesmann - Düsseldorf, Germany. IT SKILLS

ERP: Oracle Financial, MAXIMO, ADI, EPICORE, Dynamics AX.

Microsoft: Modeling, Automations Pivot & Formulas.

Microsoft: Ms Excel, Ms PowerPoint, Ms Outlook, Ms Word.

Finance: IFRS Treatment applied for restructuring. LINGUISTICS

English Arabic Hindi French Somali

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