Saumil Desai
Ellenbrook,Australia
Summary
Senior Accountant with over 5 years of experience in financial management and analysis. Skilled in financial reporting, budgeting, forecasting, and conducting variance analysis. Proven track record of implementing cost-saving initiatives and improving operational processes for increased profitability and efficiency.
Overview
10
10
years of professional experience
Work History
Senior Project Accountant
Fortescue Metals Group Limited
03.2024 - Current
- Prepared and maintained project budgets to ensure accurate allocation of resources and alignment with objectives
- Tracked project expenses and revenues and provided timely updates to project managers for informed decision-making
- Analysed financial data to identify trends and potential risks, enabling proactive measures to optimise project performance
- Developed comprehensive financial reports that summarise project progress and performance for management and executives
- Collaborated with project managers to establish financial goals, milestones and key performance indicators, ensuring projects align with financial targets.
- Designed and developed automated reports in Power BI for cost control, enhancing financial visibility and decision making efficiency.
Senior Commercial Accountant
Fortescue Metals Group Limited
02.2021 - 02.2024
- Partnering with Business Group to provide strategic commercial and financial support and advice with the aim of driving organisational performance through information, analysis, and insight.
- Deliver month end, forecasting and budgeting activities.
- Provide variance analysis with commentary, modelling through power BI and associated activities to facilitate discussion with Business Group.
- Provide support on procurements and commercial activities.
- Building and maintaining relationships with a variety of internal and external stakeholders to proactively manage issues, and concerns effectively, investigate and discuss variances, and provide guidance and advice.
- Assist in the full and half year audit process, by answering audit queries as directed.
- Preparing Group balance report and do regular review on asset register with financial controller and with finance leads of different business units.
- Assist in identifying and delivering finance process improvements guided by financial controller.
- Assist planning team and work with Group team in reconciling consolidated month end reports.
- Supporting the development, cleansing, preparation, and mapping of data.
- Review accounting process and improve where necessary to ensure efficient financial operations.
Management Accountant (Site Based)
Fortescue Metals Group Limited
05.2018 - 02.2021
- Preparation of monthly management reports tracking financial performance against budgets/forecast.
- Providing commentary on management reports & organising meetings with managers to go through results on monthly basis.
- Variance analysis around actuals results compared to the budgets/forecast for each cost centre.
- Monthly site visits to conduct cost reviews with managers, ensuring financial accuracy, budget tracking, and expenditure control.
- Managing Capital expenditure.
- Analysing trends and financial performance across business units.
- Month end accounting including reconciliations and journals.
- Taking part in systems and process improvement initiatives.
Treasury Analyst
Fortescue Metals Group Limited
11.2015 - 04.2018
- Daily bank reconciliation.
- Review accuracy of operational payments and funding of accounts to ensure timeliness of payments.
- Ensuring timely confirmation and settlement of Treasury transactions.
- Administration and processing support of the Expense Management System.
- Providing banking services and administration support to the internal stakeholders on timely basis.
- Supporting Fortescue and Department Key Performance Indicators.
Education
Masters of Professional Accounting, Masters of Financial Management - Accounting & Finance
Latrobe University
11.2007
Bachelor of commerce - Accounting and Finance
Maharaja Sayajirao University
06.2005
CPA (in-progress)
CPA AustraliaSkills
Accounting systems: SAP R/3, SAP HANA, SAP Business One, Microsoft Dynamics, ERP Systems
Financial Analysis: Advanced Excel (Pivot Tables, VLOOKUP, Macros), Business Forecasting, Variance Analysis, Budgeting, Anaplan, PIMS & Power BI
Timeline
Senior Project Accountant
Fortescue Metals Group Limited
03.2024 - Current
Senior Commercial Accountant
Fortescue Metals Group Limited
02.2021 - 02.2024
Management Accountant (Site Based)
Fortescue Metals Group Limited
05.2018 - 02.2021
Treasury Analyst
Fortescue Metals Group Limited
11.2015 - 04.2018
Masters of Professional Accounting, Masters of Financial Management - Accounting & Finance
Latrobe University
Bachelor of commerce - Accounting and Finance
Maharaja Sayajirao University
CPA (in-progress)
Similar Profiles
Benjamin BellBenjamin Bell
Geologist at Terrain Minerals LimitedGeologist at Terrain Minerals Limited
Eric MoongaEric Moonga
Heavy Duty Diesel Mechanic at Fortescue Metals Group (FMG)Heavy Duty Diesel Mechanic at Fortescue Metals Group (FMG)
Terrence WhitbyTerrence Whitby
Mechanical Fitter at Fortescue Metals GroupMechanical Fitter at Fortescue Metals Group
Jacob HaldaneJacob Haldane
Registered Junior Open water scuba certified at Padi scuba divingRegistered Junior Open water scuba certified at Padi scuba diving
Best Belpher MarambaBest Belpher Maramba
Entrepreneur at Self EmployedEntrepreneur at Self Employed