 Review and validation of financial statements and various reports, including invoices for reimbursement of petroleum, supplementary costs as well as commercial invoice on sale of crude oil.  Providing support and expert opinion in terms of interpreting accounting and financial reporting standards so that financial statements represent true and fair view.  Review and approval of various documents (e.g. expense reports, invoices and acts of acceptance) for payment to confirm timeliness, accuracy and conformity with contract terms and Development & Production Service Contract (DPSC) requirements.  Monitoring and control over the process of costs accounting as well as reflection of transactions in the accounting system with respect to accounting policy and DPSC terms.  Dealing with external audit of financial statements, including authorization of adjustments to financial reporting based on external audit results within the authority limit.  Monitoring and control over the performance of cost audit and recovery function, identifying critical success factors and setting KPIs to make a balanced mix of feedback and feedforward controls in respect of identified cost recovery risks.  Critical evaluation of draft contract terms on procurement of goods and services as wells as suggesting recommendations on preventing cost recovery risks.

 Improve the company’s overall financial performance by leading annual risk assessments and developing effective audit plans based on research and findings.  Identify and highlight significant risks in alignment with possible state auditors’ remarks in order to avoid subsequent deductions from cost recovery.  Design and implement an effective strategy to deal with identified risks by reducing either risk exposure or its impact.  Ensure strict adherence to predetermined procedures by reviewing and following draft contract terms and conditions.  Create and maintain a risk-based plan from the evaluation of the control environment as well as provide consultation to different company departments regarding cost recovery issues.  Lead and motivate the daily progress of the performance of junior staff to improve work effectiveness and efficiency.

 Monitored accurate and timely issuing of periodic financial reports critical to the Group Level Consolidation; supporting higher management financial decision making in line with International Financial Reporting Standards (IFRS).  Championed project's state audit process, achieved expedited successful cost recovery of $7 billion of investments by carrying out efficient planning and execution, which resulted in improved cash flows and profitability margins.  Generated financial reports and prepared quarterly cost recovery invoices for reimbursement of costs incurred by the operator and remuneration due in accordance with provisions of Development & Production Service Contract (DPSC).  Responded professionally to the official state requests/ remarks based on information from relevant departments.  Scheduled regular meetings between higher management and state auditors; prepared presentations as well as other supporting documents required for the meetings.  Protected the rights and interests of the company via proactive communication and coordination with state auditors.

 Spearheaded and controlled the overall process and preparation of consolidated management accounts in compliance with International Financial Reporting Standards (IFRS).  Practiced appropriate techniques, methodologies, and reporting forms for application in management reporting.  Directed, supervised, and streamlined day-to-day functions associated with five subordinates as well as strengthened current procedures to enhance work effectiveness and efficiency.  Administered strategic and detailed budgetary variances analysis on income and expenditures investigating into the reasons, also considered the impact on the business sustainability and profitability.  Encouraged teamwork through the development of cooperative relations with all stakeholders pertaining to high morale, productivity, and open communications.  Steered contributions in the resolution of conflicts; shared data as well as received/delivered constructive feedback.

 Directed and completed the audit and other assignments ensuring firm’s full compliance with requirements of ISA and pronouncements of the local regulatory bodies.  Identified areas of audit significance, assessed the degree of risk and nature of errors, found unusual or unexpected transactions and explained important developments/matters to junior members of the audit team.  Actively planned, supervised, and executed corporate operational audits, ensuring compliance with generally accepted audit policies, applicable laws and regulations, and corporate objectives.

 Conducted detailed and analytical testing of journal entries in accordance with established audit procedures; verified the accuracy of federal tax records by analyzing the tax forms that individuals and businesses submit.  Reviewed financial statements and information to meet the requirements of the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and local laws and regulations.  Checked and critically analyzed unusual accounting transactions to detect any discrepancies which affect fairness.  Led preparation of monthly reconciliations for various cash and foreign accounts as well as processed disbursement cancellation documents in line with general business and economic developments.  Oversaw the organization’s internal controls and processes to ensure organization’s adequacy and sufficiency to anticipate future period needs and results all aimed at managing stakeholder expectations.