Accounts & Finance Assistant Manager
Egyptian Indian Polyester Company S.A.E.
Total years of experience :22 years, 1 month
Egyptian Indian Polyester Company S.A.E is an Indo-Egyptian joint venture company, it is also the latest addition to Duhnsree group. One of the largest business houses in India
Egyptian Indian Polyester Company S.A.E is a Petrochemical Greenfield PET project located in Ain Sokhna, Suez with a capacity of 112000 MT per day
Job Responsibility as Assistant Manager (Accounts & Finance)
Maintenance of Accounts Payable, Receivable, Project accounts, Cash, Banks, General Ledgers & Sub Ledgers
Ensure correct accounting treatment and effective allocation for all the commercial transactions from the audit as well as tax point of view
To monitor the Budget on a regular basis and to prepare budget based on Zero based budgeting
Preparation of monthly MIS report and timely effective communication and reporting on the financial position, cash follow and outstanding liabilities
Cash flow arrangements and payment process to contractors and debtors
Preparation of various analysis such as parties analysis, accounts analysis, manpower analysis & cost reduction analysis
Analyzing the income Statement and Balance sheet
Helping in MIS report and presentation for quarterly board meeting namely Variance analysis, Contribution margin analysis, Monthly Profit & Loss A/C.
Bank reconciliation, Monthly & Quarter dealing with the company Auditors, handling and finalizing of the financial statements with them
Assisting CFO in preparing budgets and MIS and management reports
Internal Audit Dept Formation and finalizing the audit reports for the selected topics
1- Job Responsibility as Internal Auditor
Timely carrying out the Internal Audit in all the departments as below.
1. Marketing and CTS
2. Accounts and Finance
3. Purchase and Logistic
4. Store
5. Warehouse
6. HR and Payroll
7. PR and IT
Finding, analyzing, and reporting the deviations noted in the audited departments
Determining the weakness points in each Dept and analyzing the reasons behind
Finalizing of the internal audit report and highlighting the out come of the internal audit process
Recommending the required corrective actions and ensure that these actions are effectively implemented
Discussing the finalized report with department head and create the correction action plan
2- Job Responsibility as a President Assistant From January
Helping in develop a strategy for Domestic and International Market to position the product (Fiber, Tow and Top) in the local and export market and take the market share from the established market leaders
Helping to ensure efficient and effective business operation with a view to stabilize the plant operations and reduce cost while maintaining the quality standards at all levels
As the company is perceived as very hazardous operations to keep a very high level of safety standards and project the Company as a safe place to work and operate
Review and monitor activities related to smooth operation of the Plant, Cash flows, Marketing and sales realization of the Products, with optimum use of resources and cost control
Plan strategies growth of the company to ensure the smooth operation after expansion
Smooth execution of the new Project.
Ensure timely availability of Raw Material and Procurement of other materials.
Establish efficient Relationship with Government agencies, stake holders, Shareholders, Bankers, Contractors, Suppliers, Customers and Employees
Plan and execute the expansion project with cost effective and timely execution of the project
Ensure overall Finance, Accounts and Logistics Management.
Managing people who manage complex operations and marketing.
I have been hired by Alexandria Fiber Co as Accounts Section Head for its new expansion project and due to my high performance I have been nominated to work in the president office as a president assistant in addition to my responsibility for the project Accounts. Afterwards the company decided to create an internal audit Dept and they have make me the head of that Dept
Alexandria Fiber Co. SAE is an Indo-Egyptian joint venture company, it is also the latest addition to Aditya Birla Acrylic Fiber Business. One of the largest business houses in India across 25 countries.
• Alexandria Fiber Co is the first-ever plant of its kind in Middle East and North Africa Regions, it has started the business with a Capital of EGP 286, 550, 000 and an annual production capacity of 18000 TPA Acrylic Fiber for local Market and Exports Markets.
• Alexandria Fiber Co .SAE is a green field project in a new country. It walks on the path of continuous improvement to become World Class Organization with various quality accolades to sustain in the present business scenario.
During the year 2007, Alexandria Fiber Co was implementing an expansion project with a budget of US$ 59 Million which has increased production capacity from 18, 000 Tons to 38, 000 Tons per year in 2010 and 58, 000 Tons per year by 2011. This project was implemented with in the budget and time schedule. This is a relocation of an existing plant from Spain. It was a new challenging position to keep track of the Accounting, Financials, Cash Flow, Budget Movements, MIS Reports, Contractors, Reconciliations and Capitalization
1- Job Responsibility as a Section Head Accounts and Finance (project Dept): From March, 2008 to April, 2010
Ensure correct accounting treatment and effective allocation for all the project commercial transactions from the audit as well as tax point of view
To control the project contracts and monitor the commitment and incurring against them at any point of time
Maintain books of Accounts, General ledger, Sub Ledger & Accounts payable
To monitor the Budget on a regular basis and to prepare budget based on Zero based budgeting
Preparation of monthly MIS report and timely effective communication and reporting on the project financial position, cash follow and outstanding liabilities
Cash flow arrangements and payment process to contractors and debtors
Preparation of various analysis such as parties analysis, heads of account analysis, manpower analysis & cost reduction analysis
Bank reconciliation and handling of quarter Audit
Analyzing the income Statement and Balance sheet
Helping in MIS report and presentation for quarterly board meeting namely Variance analysis, Contribution margin analysis, Monthly Profit & Loss A/C.
Worked as Sr. Accountant in Pacha Fabrique Co S.A.E, Alexandria, Egypt
A major exporter company of Textile products & Import of raw material in free zone.
JOB RESPONSIBILITY:
➢ Maintaining books of Accounts up to finalization of Trial Balance
➢ Verification of documents like purchase bill, MRIN, Requisition slip
➢ Payable, Prepaid expenses & accrual expenses
➢ Receivable Flow (AR account)
➢ General, Sales & Production Expenses audit and register
➢ Debtors & Creditors Accounting
➢ Reviewing the Banking statements for the company's accounts and making the Banking reconciliation statements at the end of every month, and also review the applied interest rates and commissions on debt balances with banks
Worked as an Accountant in MOMO Wear Co, Alexandria, Egypt
A major Company of Textile products & Garments.
JOB RESPONSIBILITY:
➢ Journal Entries
➢ Handling of Treasury (Safe & Cash) and Maintain the Cash books
➢ Inventory holding and Verification
➢ Accounts payable and reconciliations
➢ Accounts Receivable and reconciliations
➢ Withholding Tax Payable (Tax Regulation)
➢ General ledger & sub-ledger
➢ Expenses booking and analysis
Worked as an Accounts Assistant in Al Ezz for General Contracting Co, Alexandria, Egypt
A major Company in the field of contracting works.
JOB RESPONSIBILITY:
➢ Journal Entries & contract analysis
➢ Attendance record & Salaries accounting
➢ Expenses booking & Invoices preparations
➢ Handling of Treasury (Safe & Cash) and Maintain the Cash books
➢ Filing system
MAJOR PROFESSIONAL HIGHLIGHTS
1- I have been awarded by Alexandria Fiber Co in its regular quarter review for six times with BRAVO and WELL DONE certificate for my outstanding achievements of creating a data base for the whole project commercial transactions, accounts, budget and reports. I was able also to detect six cases of duplicate invoices submitted twice by the contractors and approved by the management for payment but due to my up-to-date and strong analysis I could able to detect, reject and highlight these six cases to the management.
2- I have been involved in all the governmental correspondences, visits & issues due to my presentation, negotiation and communication skills
3- Others
➢ Member of Commercial association in Alexandria
➢ English Teacher
➢ Ability to work hard and under pressure
➢ Communication Skills
➢ Follow Up Skills
➢ Negotiation Skills
➢ Time Management
➢ Filing and Scheduling Skills
➢ Ability to work as a team leader
➢ Governmental correspondences and drafting letters
4- Completion of the below Training courses
1 - Understanding of Financial Statements
2- Analyzing Income Statement, Balance Sheet and Cash Flow
3 - Components of Income Statement, Balance Sheet and Cash Flow
4- Budgeting and controlling cost
5- Ratio analysis for Financial Statements
6- Problem Solving Tools
7 - Presentation Skills
8- Listening Skills
9- Mental Models Control
10-Cross cultural synergy (Egyptian with Indian)
11- Safety Training
12- Fire Fighting Training
B. S.C of Commerce, Accountancy & Audit dept, Alexandria University