Adel Ahmed Saber Hamada, CMA, Finance & Accounting Manager

Adel Ahmed Saber Hamada, CMA

Finance & Accounting Manager

Watania Steel & Building Materials Co.

Location
Saudi Arabia - Riyadh
Education
Master's degree, Certified Management Accountant (CMA®)
Experience
24 years, 7 months

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Work Experience

Total years of experience :24 years, 7 months

Finance & Accounting Manager at Watania Steel & Building Materials Co.
  • Saudi Arabia - Riyadh
  • My current job since April 2014

Head of Finance & Accounting Dep.
Watania Steel & Building material Co.
To manage two Subsidiaries member of Al-Watania Group:
1-Najd Steel Factory.
2-Plastic Al-Oula Factory.
Location: Riyadh, Saudi Arabia, Exit 13 New Alkharj Road.
Job Role: Accounting/Banking/Finance
Company Industry: Manufacturing and Production
As Najd steel: Manufacturer and supplier of Billet.
As Plastic ALOULA: Manufacturer and supplier of Plastic Products.
Reporting to : CFO.
I managed a team work consists of 5 Accountants.
Responsibilities :
To manage the day-to-day accounting operations of the company and ascertain that operational results are translated into accurate monetary values and properly reflected in the accounting records.
• Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
• Maintains accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
• Guides other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
• Maintains financial security by establishing internal controls.
• Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.
• Protects organization's value by keeping information confidential.
• Accomplishes accounting and organization mission by completing related results as needed.
•Maintain accurate cost accounting records of materials, labors & Overheads.
• Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Analyze and interpret financial information that corporate executives need in order to make sound business decisions.
• Ensure an accurate and timely monthly, quarterly and year end close.
• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Prepare financial reports for other groups, including stock holders, creditors, regulatory agencies, and tax authorities.
• Review and monitor costs inherent in the business.
• Financial forecasting and planning.
• Perform variance analysis.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
•Check ERP reports Integrity, Database administrator.
•interface with sale & customer service department to ensure that proper entry, shipping, credit approval and stock management procedure being followed.
•Liaise with external Auditors and ensure smooth flow of Audit.
•Prepare monthly cash forecast for receipts and disbursements and long range forecasts as required, reporting variances.
•Highlight CFO & Management for any high level exposure issues related to areas of responsibility.

Chief Accountant at Alfozan Group
  • Saudi Arabia - Riyadh
  • July 2006 to April 2014

Chief Accountant
At Alfozan Group
Location: Riyadh, Saudi Arabia, Exit 14 AlRabwa, Riyadh
Company Industry: Manufacturing and Production
Job Role: Accounting/Banking/Finance
July 2006 - Present
The company is the Major Manufacturer and supplier of Scaffolding system & formwork in Saudi Arabia and middle east.
Reporting to The Financial Manager.
I managed a team work consists of 4 Accountants.
Responsibilities :
•Reviewing accounting documents to ensure accuracy of information and calculations and makes or directs correcting entries.
• Responsible of Month-end, Quarter-end and Year-end closing of the ledgers.
• In Charge of the end of year closing.
• Supervise direct subordinates in their day-to-day tasks and provide guidance in managing performance by providing appropriate feedback, mentoring and counseling.
• Reviewing, maintaining and approving accounting and financial records of all funds, including reconciling bank statements and invoices, financial reports, accounts payable, accounts receivable, etc.
• Produce regular reports on control weaknesses and breaches, provide solutions and monitor performance.
• Budget preparation, implementation and administration.
• Supervises the work of accounting and clerical employees engaged in accounting functions.
• Review accuracy of all GL and other financial modules balances and movements.
• Ensuring proper handling and maintaining of cash distribution and custodianship.
• Generation of accurate Financial results (Income Statements, Balance Sheets, Cash Flow Statement).
• Applies principles of accounting to analyze financial information and prepare financial reports.
• Arranging & negotiating L/C's with the banks.
• Ensuring of adherence / compliance of accounting standards in the company.
• Reporting of overdue credits and efficient follow-up on the same.
• Assist accountants in conducting routine activities and provide support in the absence of Finance manager.
• Take a lead role in incident investigations & implement lessons learned to avoid repeat incidents.
• Assist the Manager Financial Accounting in the development, implementation and maintenance of the Financial Accounting policies and procedures.
• Sound knowledge of Microsoft Office Suite applications - with expert proficiency on Excel.
• Ability to establish and maintain effective working relationship with suppliers and customers
• Provide responses related to financial statements to internal and external auditors, when needed
• Contribute to the identification of opportunities for continuous improvement of financial systems, processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.
• Recommend changes in the credit policy to senior management
• Setting up controls to ensure accurate day to day accounting, reporting and ensuring integrity of all financial information produced and submitted internally or externally.
• monitor and implement internal controls with a proactive approach to controlling expenditure.
• Organizing information and resources effectively and demonstrates good attention to detail.
• Supervise Accounting staff to ensure: effective and timely production of all requisite reports, statements, memorandum and any and all other documents on behalf of the Company and its clients on or before the deadlines set therefore; maintain accurate and complete files and comply with the organizational framework of the company.
• Responsible for the efficient and effective functioning of the day-today financial and accounting operations of an organization.

Senior Payables Accountant at Daltex Corporation For Agriculture and Reclamation .
  • Egypt - Cairo
  • November 2000 to July 2006

Senior Payable Accountant
At Daltex Corporation For Agriculture and Reclamation .
Location: Wadi Elnil St. Almohandeseen, GIZA .
Company Industry: Agriculture/Forestry/Fishing
Job Role: Accounting/Banking/Finance
November 2000 - July 2006
The company is the Major supplier of Potatoes & Orange in Egypt and the world
Reporting to The Accounting Manager.
I managed team work consists of 2 Accountants.
Responsibilities:
• Manage effectively supplier’s payments and Accounts Payable accounts.
• Review and process daily accounts payable.
• Process on time supplier’s invoices and payments
• Open letters of credit to outside suppliers and following up necessary procedures.
• Maintain good relationship with all vendors.
• Good knowledge of accounts reconciliations of Vendors / Insurance Companies and other service providers.
• Supports in developing, implementing and maintaining systems, procedures and policies, including accounts payable functions to ensure adherence to company guidelines.
• Improve communication between the company and suppliers, answering email queries, setting payment plans, dealing with client walk-ins (face to face meetings).
• Provide timely and accurate response to all A/P inquiries.
• Ensuring all documentation is complete as per company procedures for all finance/ cash/ credit/ inter and intra company deals.
• Prepare journal entries, keep the balance sheets up to date and assist with monthly account closings.
• Assist in finalization of all audit reports & present to the Board.
• Contributes to problem solving and generates ideas for enhancements and improvements to service delivery.
• Knowledge of budget preparation, accounting, internal controls, financial planning, financial analysis tools and reporting methods.
• Familiar with complete accounting cycle up to the finalization of books of accounts.

General Accountant at Technical Chemicals Laboratories co.
  • Egypt - Cairo
  • August 1999 to November 2000

General Accountant
At Technical Chemicals Laboratories co.
General Accountant.
The company is the Third Manufacturer and supplier of Industrial abstergents In Egypt.
Reporting to The chief Accountant.
I worked as member in a team work consists of 10 accountants.
Responsibilities:
• Maintains the various ledger accounts including reconciliation of general ledger, revenue Accounts, expenditures, and cash balances.
• Preparing the Commercial Invoices (Domestic L/C from Clients)
• Preparation of receiving & payment vouchers and recordings.
• Daily bookkeeping and month closing entries
• Bank and cash reconciliations, payment processing.
• Accounts payable & receivable reconciliation.
• Fixed assets booking and related depreciation.
• To ensure entries for all the transactions are made daily and books are balanced at the end of the day.
• Assist in maintaining accounts payables
• To make reports about the daily happenings in Cash Office.
• Handling Accounting transactions of Receivable/Payable Accounts in bulk and their follow up.
• Prepare GL entries related to all payroll payments / accruals
• Reviewing of daily collection and deposit of cash and cheques and validate excess/short collection.
• Perform the bank reconciliations and prepare necessary material for audit purposes.
• Prepare and record inter-company debit and credit notes.
• Maintain accounting ledgers by verifying and posting account transactions.
• Monthly Payroll.
• Maintain records of Fixed Assets
• Performs year end routines like confirmation of balance with group companies and customers, reconciliation of accounts as appropriate, and ledger review for exceptions.
• LC and Exports documents preparation knowledge.

Education

Master's degree, Certified Management Accountant (CMA®)
  • at Institute of Management Accountants (IMA®)
  • May 2013

Certified Management Accountant , CMA Holder Certification No. : 39390

Bachelor's degree, Accounting
  • at Faculty of Commerce , Ain shams University
  • May 1999

Accounting, Bachelor(BSc/BA), on May 1999 from Faculty of commerce ,Ain Shams University.

Specialties & Skills

Micro Soft Great Plains
Micro Soft Excel
Investments
Costing
Financial Reporting
Decision Management
Financial Analysis
IT related skills(MS-office, Internet applications)
Analytical skills, Ability to work under pressure, Communication & Interpersonal Skills
Team Management, Coordination, Training & Recruitment, Performance Review, Motivating
Performance Management, Corporate Finance, Audit Assistance, Accounting and MIS
Financial Statement Analysis, Internal Controls, Collections and Credit Management
Financial Planning and Accounting, Budgetary Analysis, Cost Management

Languages

English
Expert
Dutch
Beginner

Memberships

Institute of Management Accountants (IMA®)
  • IMA is the worldwide association for accountants and financial professionals working in business.
  • March 2011

Training and Certifications

CMA (Certificate)
Date Attended:
March 2011
Valid Until:
February 2013

Hobbies

  • Reading