AHMED ADEL ELiSSAWI

Responsible for ensuring the proper planning process (Budget, Forecast) respecting group/company timings, and the reliability of company data management.

Interacts with all departments in order to ensure the provision of monthly closings and explain deviations from the budget.

Ensures compliance with the procedures for loading into the Information Systems of the financial data (actual and budget).

Main Responsibilities:
• Coordinate monthly closing
• New products profitability calculation and product development investment analysis
• Calculations and coordination of the annual budget as well as the monthly rolling forecast
• Business partner to the organization in Saudi Arabia and support to the management with ad hoc analysis
• Continuing maintenance and improvement of the finance system as well as oversight of ERP functionality
• Prepare, co-ordinate and distribute the management reports on results, plan & forecasts
• Overheads spending review with each department manager on a monthly basis
• Assist during statutory and internal audits
• Development, consolidation, analysis and discussion of guidelines, budget, SAF and ACT .
• Ensuring timely & accurate reporting
• Monthly update to the management & weekly sales alignment communication
• Planning scenarios loading & submission
• Price reporting to the Sales & Business Department
• Rolling forecasts of volume & PL
• CAPEX (investments ROI calculation + follow up & make or buy analysis)
• Monthly accruals & closing taxation verifications
• Customer/vendors financial assessment
• Ext./Int. audit support to the head of function
• Drive & support internal monthly business reviews with presentations.

• Supervises the work completed by accountants to ensure accuracy of the reports and transactions.
• Review and approve the daily entries.
• Develop and maintain internal control and effective accounting procedures and policies.
• Reviewing financial statements, monitoring expenditures and revenues, and determining budget variances and any financial discrepancies, as well as recommending effective resolutions.
• Participating in stock taking procedures and generating system reports on stock on hand to facilitate books versus physical comparison.
• Responsible for overseeing all accounts receivable and payable, revenue streams, inventory and cost, operating expenses and account management.
• Analyze financial discrepancies and recommend effective resolutions.
• Provide guidance/training to accountants as and when needed.
• Assist in auditing activities by providing necessary information’s and preparing requested documentations.
• Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
• Maintain and reconcile balance sheet accounts for all funds with assistance from accounting support personnel.
• Plan, manage, coordinate, and implement the year end closing processes; provide information to financial auditors; conducts standard internal audits of various accounting records.
• Evaluate receipts, expenditure forms, purchase orders, distributions, and disbursement orders for the purpose of ensuring compliance with established regulatory standards.

1. International Branch Financial Management : Prepare and presentation of monthly, quarterly and yearly Financial Statements For Baja’s branch in (Kuwait, Bahrain And UAE) including handle the entire accounting activities independently up to finalisation of accounts and audit

2. VAT Reporting : Prepration and filing of VAT returns for all group companies on timely bases and following up for payments/refunds, Maintain company’s VAT
records and ensure they are fully up to date at all times, Perform an advisory role on all tax matter and ensure implementation of best practices, Review existing contracts, accounting systems and procedures and interface all VAT audits.

3. Reporting: Provide regular financial reports & updates to management, with detailed analysis, variance reports in comparison with BP, KPIs, sales & product/SKU analysis to support business decisions.

4. Month end closing: Review & finalize BU profitability statements, month-end closing to meet deadlines & ensure smooth flow of processes for all units / subsidiaries & confirm accuracy of financial data.

5. Decisions Support: In order to ascertain the financial & operational viability of the company, undertake research analysis providing financial insights regarding investments/divestments business cases, performance reviews, SWOT, valuations & capital management, using quantitative techniques such as NPV, DCF, IRR & represent finance in meetings to evaluate performance of strategic business cases.
6. Business Support: Provide consulting solutions to internal customers on various issues ranging from finance evaluation, process optimization, trading, pricing, control environment & other various finance related daily activities to streamline internal financial processes in order to achieve target objectives & maximize operational efficiencies.
7. Budgeting - Develop innovative budgeting models, automated planning spreadsheets to ensure effective budgeting flow & reliability of forecasted financial data & lead the process & preparation of the annual business plan & 5-year strategic forecast on micro & macro level across all business units & overseas subsidiaries. Consolidate business plans of all operating business units into legal entity-wise corporate budgets & into one group level BP in order to provide financial data to senior management for strategic business performance evaluations.
8. Forecasting: Conduct forecasting analysis to align the existing business plan with realistic /current estimates & liaise with senior management, HODs & VP Finance & CEO to ensure validity of business plan parameters & assumptions, providing actual & budget variance analysis, realistic estimates.
9. Pricing - Monitor the accuracy of price structures on all products SKU-wise in coordination with marketing, sales & trading teams to ensure profitability & product margin are achieved & identify areas of cost or expense reduction potential or excessive cost incurrence through effective analytical techniques to ensure profitability across al line items in the P&L.

ACHIEVEMENTS:

• Designed and set up international branch accounting Department for our GCC entities (UAE & Kuwait & Bahrain) enabled us to provide relevant, accurate and timely financial information about company resources and claims thereof .
• Ensured successful implementation of Enterprise resource planning (Microsoft Dynamics AX R- 2012) within 2 months and enhanced utilization through end-user and super user training and coaching.
• Provided stakeholder with reliable, relevant, timeliness and faithful information that enable us to achieve targeted sales whether in volume or in revenue amount.

• With the help of my team reduce closing period from 30th of the month to 5th .

Responsible For financial records by recording all debits and credits posted by a
healthcare facility.
• Take care of basic duties such as verifying purchases, balancing receipts,
handling company payroll, and working with medical billers and coders.

• Responsible for maintaining the financial records of healthcare organizations such
as hospitals, health insurance companies, or private physician practices.

• Depositing cash collection and chqs in our bank account.

• Applying the receipt as the payment advice if it is there.

• Reconciliation for credit customers for difference in balances

• Cash management for petty cash and closing it in oracle.

• Preparing & Following up for necessary approval for credit note.

• Bank reconciliations and various treasury functions, including bank liaison and cash
flow management between various bank accounts and entities.

• Represent the department in meetings and through written and verbal communication
with internal and external customers.
• Collaborates with the other department functional head to support overall department goals and objectives. Assist hospital in executing hospital policies and compliance procedures