Ahmed Zaki

Drilling Group Financial Controller at Schlumberger

Summary
I have been building and acquiring professional business skills for the past 11 years in finance field and other
areas (Financial analysis, General accounting, Internal and external audit, Financial reporting, processes
improvements, people management, migrations, consulting, and Taxation).

With a diversified range of Industries and Sectors during audit time (Energy, O&G, Telecom, Engineering,
Construction, Military Services, Shipping, and Education), I have worked for companies such as Parsons
Corporation, Hyundai, ABB Group, Halliburton, Siemens Westinghouse Services, Orange, and Ernst and
Young.

Impressive international experience, I have worked in various parts of the world (Egypt, Kuwait, Malaysia,
Algeria, and Tunisia) and also participated in projects in several countries such as India, US, France, UAE,
Qatar and Saudi.

Strong involvement in multi-disciplinary structures. Audit, Accounting, Taxation, and Finance.

Deep knowledge of risk control tools and processes. Process mapping and reviews, SOX requirements,
Tendering, Risk assessments, Contract reviews.

Financial Controller (Schlumberger) - Algeria 2015

Senior Regional Financial Lead (Schlumberger) - Malaysia 2014
Regional Financial Lead (Schlumberger) - Malaysia 2012
Senior Management Accountant (Schlumberger) - Malaysia 2010
Management Accountant (Schlumberger) - Kuwait 2009
Senior Associate (Ernst & Young) - Kuwait 2007
Associate (Ernst & Young) - Egypt 2005
Trainee (Dale Carnegie) - Egypt 2004

Experience
Drilling Group Financial Controller at Schlumberger
October 2015 - Present (11 months)
- Responsible for the overall financial management and profitability and monitoring the working capital
within the drilling group.

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 - Complete/review monthly financial review/reporting, monitors results versus objectives, highlight
underlying reason for variances and suggest corrective actions wherever needed
- Prepare all financial forecasts and ensure that the objectives are challenging but realistic relative to overall
market expectations and available resources.
- Highlight trends on cost inflation and identifies opportunities to save/reduce discretionary spending.
- Review and examine the financial impact of new and existing investment opportunities with a view to
maximizing the company's return on investment (ROI).
- Review all major tenders (risks and opportunities), contractual terms and evaluate impact on profitability
associated with pricing in bids.
- Assess customer's credit limits, identify at risk receivables and follow up with to ensure collectability.
- Analyze utilization ratios (both in tools and people) with view to highlighting inefficient areas and
opportunities to maximize value of resources.
- Train line managers to interpret and comprehend financial statements and principles, and coach them
regarding key business drivers.
- Recruit, train and mentor accountants to ensure full compliance with SLB financial procedures.
- Ensures that all financial transactions are recorded in compliance with the SLB policies and procedures and
the business is conducted in compliance with the local laws.
- Ensure adherence to corporate ethical policies and internal controls. Organize periodic audits internally and
assist in external audits.
- Understands, reviews and implements Sarbane Oxley requirements.

Regional Financial Lead (Middle East Area) - Malaysia at Schlumberger

July 2012 - September 2015 (3 years 3 months)
- Manage the finance team responsible for MEA area (11 management accountants).
- Ensure all month end / quarter end reporting packages are sent on time, deadlines are met and improve level
of work quality when needed.
- Insure all vessels tracking and support reports are done and sent to worldwide controller on a monthly
basis.
- Educate the team with all financial / operational trainings, knowledge transfers & best practices inline with
the companys policies according to US GAAP.
- Insure smooth communication & strong relationship is built up with the Operational Controllers and
Operations managers in the related countries.
- Perform monthly / quarterly reviews on profit & loss statements together with balance sheet statements
related to area of responsibility.
- Provide assistance with financial planning, forecasting and monitoring of results versus objectives as well
as providing finance related recommendations on areas of improvements.
- Comply with all companys policies, including Personnel, Quality System and Health, Safety and
Environment standards and procedures.

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 - Lead PWC quarterly audit within Schlumberger for full MEA area to make sure all audit issues are closed
on a timely manner & no unexpected exposures reported.
- Managing worldwide Capital Expenditure reports (worldwide) and assuring related reports are sent inline
with agreed deadlines.
- Organize team building activities and events to build up positive team spirit and improve team work.
- Perform all employees quarterly and yearly performance reviews and appraisals.

Senior Management Accountant - Malaysia at Schlumberger

October 2010 - June 2012 (1 year 9 months)
We in Schlumberger aim to achieve the highest level of perfection in our work together with the continuous
improvement trend maintained by our management, Schlumberger dedicated its best assets to establish
a centralized financial hub in Malaysia which allow us to efficiently support worldwide management and
operation teams, with honor I was nominated as a member of the team who is responsible of the following in
addition to the main role responsibilities mentioned after:

- Help the country migration from local support to Hub support.

- Seamless and liaise transition as much as possible.
- Review the main responsibilities between the financial hub and the supported countries.
- Review companys financial flow charts and related financial process for development which including but
not limited cost centers structures, revenue recognitions adjustments and forecasting, FA capitalization
disposals transfers in/out, inventory usage issuance / additions, physical count preparation adjustments
reconciliations, balance sheet notes, provisions accruals, payroll employees on loan, M&S, and
tendering.
- Standardization, Process Improvements and Quality deliverables.
- Provide quality support for both Functions and Segment Operations
- Train the new management accountants and assistant accountants.

Management Accountant - Kuwait at Schlumberger

January 2009 - October 2010 (1 year 10 months)
- Perform monthly reviews of Profit & Loss and Balance Sheet accounts relating to area of responsibility,
including business indicators such as profitability and liquidity.
- Present monthly analysis on costs and revenue.
- Analyze and control investment (Capex Capital spending, Inventory, and Receivables).
- Undertake financial planning, forecasting and monitoring of results versus objectives.
- Ensure across-the-board implementation of standard finance practices.
- Identify weaknesses in internal control and suggest improvements.
- Analyze profitability of new business opportunities via contract reviews, bid support and evaluation of risk
versus reward prospects.
- Supervise mentoring and development of AP / AR Accountants.

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 - Conduct financial training for field engineers and managers.
- Understands, reviews, implements and complies with Sarbanes Oxley requirements as defined in the risk
control matrix.
- Subsystem control including client receivables collections, fixed assets, payroll and inventory.
- Provide assurance about the accuracy of information contained in financial reports and their compliance
with statutory requirements.
- Provide financial and taxation advice on business structures, plans and operations
- Evaluate currency exposure.
- Complies with applicable company policies, including Personnel, Quality System and Health, Safety and
Environment standards and procedures.

Senior Associate - Kuwait - Taxation Services at Ernst & Young

January 2007 - January 2009 (2 years 1 month)
- Clear understanding of Kuwait Tax law and its amendments together with the related bylaw and circulars in
addition to the double taxation treaties.
- Plan and perform audit engagements of various multinational clients.
- Assuring implementing of applicable tax circulars in clients books.
- In-charge of several Audit engagements.
- Supervise Audit team and interns on engagements.
- Interact with tax authorities and maintain excellent relationship.
- Prepare Tax declarations and financial statements.
- Serve as a liaison between clients and upper management.
- Identify and communicate technical matters to both clients and upper management.
- Identify tax saving opportunities.
- Attending Tax inspections and objections meetings on behalf of the client.
- Attending client meeting to advice engagement status and best taxation practice.
- Preparing researches about different type of taxes in Middle East.

Associate Accountant - Egypt - External Audit Services at Ernst & Young

September 2005 - November 2006 (1 year 3 months)
- Execute the day-to-day activities of audit engagements of various clients.
- Identify and communicate accounting and auditing matters to managers and partners.
- Testing clients internal controls to ensure effectiveness.
- Team member in several external audit engagements.
- Interact with clients to help ensure the information flow from the client to the audit team.
- Prepare Balance sheet, Income statement and, Cash flow statement.
- Performing physical counts as needed and preparing related management reports.
- Identify performance improvement opportunities.

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Skills & Expertise
Financial Analysis
Internal Controls
Auditing
Forecasting
Finance
Account Reconciliation
Payroll
Accounting
Accounts Payable
Analysis
Management
Sarbanes-Oxley Act
Financial Reporting
US GAAP
Fixed Assets

Education
Cairo University
Bachelor's Degree, Commerce - Accounting, 1998 - 2004

Languages
English (Full professional proficiency)
Arabic (Native or bilingual proficiency)

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Ahmed Zaki
Drilling Group Financial Controller at Schlumberger

Contact Ahmed on LinkedIn

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