senior accountant
Arab Media company
Total years of experience :14 years, 4 Months
- recording all JVs for daily transactions
-bank reconcelation
-controlling accounts and GL
-controlling and managing payroll
-bank reconcelation
-controlling the direct costs (electricity, phone, water, ...) expenses
-controlling petty cashes limites and settlments.
Prepared price list by costing analysis for all services including packages.
Completed as per applicable laws and accounting standards, the statuary obligation of annual audits and annual tax returns for the financial year ended 2003, 2004 and 2005.
Implemented RCare Magnum - Hospital Management Information System (HMIS) as a champion user and member of the core working group. After implementation of software whole accounting system was changed from manual book keeping to computerized.
Participated in negotiation of debt amounting to Egyptian Pound's 20 (US$'s 3.5) million with financial institutions including IFC and banks. Arranged with bank Egyptian Pound's 7.5 (US$'s 1.3) as an overdraft for working capital.
Implemented by close liaison with all related parties an effective working capital and procurement management system. As a result decreased debtor's collection days from 180 to 120 and stock turnover's days from 120 to 60 especially for pharmaceutical and implants by implementing Unit Dose and Consignment Item Systems. Through negotiation which was based on deep analysis increased the creditor's payment days from 60 to 120. As a result of the entire preceding exercise the cash flow was turned to positive which was invested on short term basis to get best possible spread.
Through effective internal audits decreased operational cost by 20% from the areas of telecommunication, uniforms, and transportation and office consumables.
Controlling stock balances for main store and other sub stores and provide monthly reports to CFO.
Changing payables system for payments to computerized system on AS400.
Changing book keeping for suppliers to computer recording and prepare suppliers monthly balances.