Qualifications & Training
London Business School, High Performance Skills for Leaders: Executive programm 2013 Chartered Institute of Taxation,Diploma in International Taxation,UK 2011-curr.
Member of Association of Chartered Certified Accountants (ACCA),UK, First Pass 2010 Kazakhstan Institute of Management, Economics & Strategic Research 1999-2001
Masters degree in Economics-100% Scholarship for excellent performance, GPA 3.87 East-Kazakhstan University, Bachelor Degree in Economics, Honors diploma 1994-1999
Career Summary
Performance Highlights:
• Shell Share award 2013, 2008, 2007–for sustained performance and value to Shell
• 2nd Best Finance Team of the Year Award , 8th Annual CFO Strategies Forum for the MENA Region, Dubai 2014,
• Oman LNG “Taqdeer”-Appreciation Letter– for successful implementation of Hyperion (2014), for successful consolidation of OLNG&QLNG budgets resulted in synergies of $7.7 mln (2013), for conducting Cost Workshop to Shareholders (2012)
• Final 21 nominations for Shell CFO award 2012-part of tax team contributed to recovery of $250M VAT (outstanding since 2008)-alignment of 7 venture partners, negotiation with Government &coordination of VAT audit.
• Double promotion in Deloitte-from Tax Consultant of second year to Senior Tax consultant (skipped level of Tax Consultant of third year) 2005
Oman LNG LLC
March 2012-Present
I am seconded from Shell. Oman LNG produces and sells Liquefied Natural Gas (LNG) and its by-product, Natural Gas Liquids (NGLs). It is the second largest contributor to Oil& Gas revenues in Oman. The major shareholders are the Government of Oman and Shell.
Position: Management Accounting Manager
• Reporting to CFO
• Member of Finance Leadership Team
• Management Information Reporting (MIR) to Shareholders and Board of Directors
• Budgeting, Cost Analysis & Cost Drivers
• Member of C&P committee & Capex Screening committee.
Dimensions: Opex: $US200 mln p.a./ Capex: $US 20 mln p.a./Total Revenue: $US4 billion p.a.
Responsibilities: Achievements:
Staff development (6 direct subordinates) – Graduates and staff development through delegation, on-the job exposure, JSC/Board presentations, trainings
– 2 direct reportees were promoted
ERP Finance Implementation – Hyperion Implementation Lead (Budgeting ERP) & support with ERP (Oracle) implementation
Developed post ERP Budget & Cost procedures
Lead and Drive of Annual Operating and Capital Budgets through active engagement of Budget Holders and Management team Challenged Budget holders which resulted in annual savings of $7 mln average
Presentation of Annual Operating and Capital Budgets to Shareholders Committee and Board Introduced Budget workshop for shareholders (20 members) before Shareholder committee meeting for smooth approval
Lean Focal point in Finance
Effective monitoring and reporting of expenditure, including monthly and quarterly reviews with Management team to meet corporate objectives Controllable Opex is 10% of Corporate Scorecard-Outstanding KPI over the last 3 years
Provide financial advice on Budgetary and cost controls, accruals/VOWD, etc. Conducted In-House Budget Training to Budget
Holders resulted in annual savings of $100K average
Ensure effective cost optimization of Opex and Capex through pro-active engagement of the leadership teams, budget holders and contractors.
-Developed & implemented Chart of Accounts
-Prepared cost leadership project scope, workshops
-Prepared Integrated budget for OLNG & QLNG
within 2 weeks & identified synergies of $7.7 mln.
Review & Evaluate Capital Expenditure Budgets, incl. New Projects evaluation Developed Capex Expenditures Procedure
Hydrocarbon & AP Acts of reconsiliation, reduced time to procces invoices
Fulfilling different stakeholders’ expectations and requirements in view of sensitive information and diverse interests Influencing departments with different backgrounds to work in tandem whilst executing the annual Opex and Capex Budgeting.
Leading Business process improvements,
implement the Budgetary controls & policies -Developed Overhead Allocation for Corporate costs
-Budget book revamp project (from 140 pages to 70)
-In the process of development KPIs for Budgeting
Benchmarking with other LNG plants Automated Benchmarking reports in Oracle
Internal Audit action points in Opex &Capex Timely closure of action points
Shell Kazakhstan Development BV
2006 –Feb 2012
Position: Tax Advisor& SOX focal point: Kashagan and Pearls Projects
Dimensions:
Shell holds a 16.8% in PSA which includes the giant offshore Kashagan field and is the world’s largest crude oil development project(estimated total reserves of 13 bln). Shell also holds a 55% stake in the Pearls project and 40% equity in the project Operator (CMOC).
Responsibilities/ Achievements:
Staff development (3 direct subordinates) – Setting task and targets and IDP for direct subordinates
– On-the job exposure, trainings for staff
– Mentoring to help and advice on getting CIMA degree
– 1 staff was promoted to Senior Tax accountant
Advising to enquiries of Shell entities and
businesses on tax issues & active member of
Caspian Tax leadership team – Tax support for new business development projects
– Advised on Permanent establishment risk of Shell
Global solution in Kazakhstan
Compliance with Tax Management Control and Shell Financial Controls Manual
– Implemented tax guidelines and tax accounting policy to improve internal control & sign-offs wrt GALP
– Implemented SOX in taxation
Tax optimization and cost saving projects Tax saving ideas using double tax treaty provisions
VAT refund Contributed to recovery of VAT $x mln (outstanding since 2008)-align 7 JV partners &coordinating VAT audit
Input to BP wtr Group tax charge projection and Effective Tax Rate, and tax review of DFWs Advised on utilizing tax losses using lower depreciation rates during BP review ( $160 mln saving)
Tax audits coordination & tax appeals – Reduced Initial tax audit results 2004-2006 by 10 times
– Won Tax appeal of 2010 Pearls tax audit (no assesments)
– MK liquidation tax audit for 5 years-no tax assessment, initial exposure was $x mln
Review of CIT,VAT,WHT,PIT returns
complied with PSA & tax legislation – All reports were submitted before deadline
– Successfully completed reconciliation with the Tax authorities for 2008-2011
Business improvements in taxation Automation of preparing of CIT, VAT,PIT returns
Tax assurance&compliance,Group tax reporting All reports In Garance are complied with SOX controls
Deloitte & Touche Kazakhstan
08/2004-June 2006
Position: Senior Tax Consultant
Responsibilities/ Achievements:
Staff development -In-house tax trainings for tax assistants
-Performance appraisals after each project, address & closure of competency gaps
-Lead projects up to 15 staff (delegation & coaching)
Tax reviews of major taxpayers as Exxonmobil, PetroKazakhstan, Kazmunaigaz, Bechtel Inc etc. for compliance with legislation Identified tax risks&recommended solutions, which significantly reduced tax assesments
Tax optimization and cost saving projects Generated tax saving ideas using double tax treaty provisions
Lead tax audits and tax appeals preparation Won several tax appeals with minor assesments
Microsoft Kazakhstan LLP
08/2003-08/2004
Chief Accountant (acting)
Responsibilities/ Achievements:
Staff development Coaching & development of 1 accountant
Preparation of Financial accounts to Head office and Government All reports were submited on time and without errors
AP,AR, Bank payments, fixed assets accounting Internal audit with no action points. Clean external audit report
Reporting to tax authorities (CIT,PIT,WHT,VAT) All reports were submited on time
Baker Hughes International Incorporated (Oil&Gas service company)
5/2002-7/2003
Position: Senior Fixed assets &Revenue Accountant
Responsibilities: Achievements:
Staff development Supervision& coaching of two graduates
Fixed assets accounting – Custom Declarations automation: upload from Excel to Accounting system-reduced entry time from 40 to 10 min
– Developed Fixed assets register& annual Stocktaking process
Sales& Billing Introduced monthly acts of reconciliation for better control
Arthur Andersen
5/2001-5/2002
Position: Audit Specialist
Responsibilities/ Achievements:
Audit of Sales, AR, AP, Fixed Assets of
Oil and Gas companies & Banks Audited around 20 companies in one year with frequent travels
Stocktaking & Audit of Inventory
Appreciation letter from client for helping to develop Stocktaking Inventory control procedure
Business improvements Simplified audit checklist for small companies
