Muhammad Mostafa, Chief Accountant

Muhammad Mostafa

Chief Accountant

Egyptian Resorts Company (ERC)

Location
Egypt
Education
Bachelor's degree, Bachelor’s degree in Accounting
Experience
19 years, 6 months

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Work Experience

Total years of experience :19 years, 6 months

Chief Accountant at Egyptian Resorts Company (ERC)
  • Egypt - Cairo
  • My current job since January 2018

A. Financial Accounting Planning:
 Contribute to the development of the annual Financial Accounting plan ensuring that it is aligned with the overall Finance plan.
B. Ledger Accounting:
 Contribute and recommend a working chart of accounts that is in line with accounting practices and ERC policies and objectives.
 Manage the preparation of periodic ledger accounting and ensure that financial transactions are accurately and properly reflected in the accounting books in accordance with Egyptian Accounting Standards (EAS), ERC accounting policies, chart of accounts, and any other relevant accounting principles and practices.
 Manage fixed asset records and related depreciation accounts, and provide interpretative assistance as to the proper capitalization/expensing of outlays to WIP, PIP, Community expenses and the grouping of fixed assets by class, and depreciation methodology.
C. Receivables Accounting:
 Manage the receivables accounting process and ensure that customer transaction and other receivables accounts are accurately recorded in a timely manner.
 Manage the review and monitoring of receivables accounts periodically to identify and highlight receivables issues and provide recommendations for action.
D. Payables Accounting:
 Manage the payables accounting process to ensure that supplier and vendor transactions and other payables accounts are accurately recorded in a timely manner.
 Manage the review and monitoring of payables accounts periodically, identifying and highlighting payables issues and providing recommendations for action.
E. Financial Accounting Reporting:
 Manage the preparation of periodic financial statements, reports and analyses on a monthly, quarterly, and yearly basis and on management’s request, and ensure accuracy of the financial information.
 Design methods of providing accounting data for various non-standard reports and statements.
F. Team Development:
 Contribute to team planning and development including recruiting, training and developing staff capabilities to ensure that employees are equipped with the knowledge and capabilities to achieve the unit’s objectives.
 Provide on-the-job training to subordinates to ensure that the team is equipped with the necessary skills and caliber enabling the unit to maximize its performance.

Accounting Team Leader at Egyptian Resorts Company (ERC)
  • Egypt - Cairo
  • January 2011 to December 2017

A- Manage the payables accounting process to ensure that supplier and vendor transactions and other payables accounts are accurately recorded in a timely manner.
B- Manage the review and monitoring of payables accounts periodically, identifying and highlighting payables issues and providing recommendations for action.
C- Ensure the accounting allocation for all expenses and payments related to long-term and short-term contracts.
D- Responsible withholding taxes every quarter and supervise that taxes are paid on time.
E- Ensure proper handling of financial transactions and approves transactions in accordance with financial policies and procedures.
F- Apply cost accounting methods and cost distributions to different departments, customers, developers according to master plan, calculations, contractual agreements and financial regulations.
G- Oversee cash flow and report cash requirements.
H- Arrange inventory procedures; review and keep inventory records.
I- Coordinate monthly closing process and reconciliation of general ledger accounts.
J- Work with both internal and external auditors during financial and operational audits.
K- Manage fixed asset records and related depreciation accounts, and provide interpretative assistance as to the proper capitalization/expensing of outlays to cost, Community expenses and the grouping of fixed assets by class, and depreciation methodology.

Senior Accountant at Egyptian Resorts Company ERC
  • Egypt - Cairo
  • January 2008 to December 2010

A. Accounts Receivable:
 Maintain the accounts receivables system in order to ensure complete and accurate records.
 Responsible for issuance of Accounts Receivable monthly reports.
 Maintain accurate financial reports, Charts of Accounts and other accounting records of properties and accounts balances and utilities billing.
 Overview the record accruals, prepayments and deferred income ensuring conformance with all applied rules and regulations as set out by the Finance & Accounts Division.
B. Fixed Assets:
 Oversee the fixed assets system recording, classification, insurance and depreciation in accordance with policies and procedures.
C. General Ledger:
 Responsible for preparing trial balance of the general ledger accounts on quarterly basis.
D. Budget Inputs:
 Revise the financial budget inputs to ensure that all costs are allocated to the proper budget centre.
E. Audit Process
 Administer the financial preparation and coordinate the audit process with external auditors.

Accountant at Egyptian Resorts Company ERC
  • Egypt - Cairo
  • March 2006 to December 2007

A. Invoice and Check Requests:
 Review invoices accuracy to resolve invoice and volume discrepancies.
 Sort and matches invoices and check requests in conformance with financial policies and regulations.
 Set invoices up for payment to ensure that transactions are processed in conformity with financial procedures.
 Issue and processes check requests in accordance with contracts and purchase orders’ payment terms, agreements, tax laws and regulations.
 Review accounts to ensure payments are up to date and perform accounts reconciliation.
B. Cash Payables:
 Process cash payments on due dates according to contractual terms, tax laws and Finance Department’s procedures.
 Prepare cash disbursement receipts based on authorized approvals and limits.
C. Suppliers Correspondences:
 Maintain vendors and suppliers proper files, contracts and relevant documentation
 Handle all correspondences with vendors and respond to their inquiries in a timely manner.
D. Reports and Analysis:
 Prepare periodic payable reports and analysis.
 Handle accruals and prepayment expenses.

Cost Accountant at Dar Al-Sharia for Printing, Publishing & Distribution
  • Egypt - Cairo
  • September 2004 to February 2006

A- Apply cost accounting methods and cost distributions to different departments, customers, developers according to master plan, calculations, contractual agreements and financial regulations.

B- Prepare the cost accounts for products.

Education

Bachelor's degree, Bachelor’s degree in Accounting
  • at Faculty of Commerce, Accounting Department
  • May 2004

Ain Shams University Egypt Faculty of Commerce, Accounting Department

Specialties & Skills

Microsoft Office
Communication Skills
Leadership
Sage Accpac ERP
Communications
Decision Making and Problem Solving
Advanced Management Skills
Team Building

Languages

English
Expert
Arabic
Native Speaker

Memberships

Guild of commercial
  • Section Accounting and Auditing
  • July 2004

Training and Certifications

The Value Add Tax (Training)
Training Institute:
Internal
Date Attended:
August 2017
Duration:
24 hours
Positive Stress Managment (Training)
Training Institute:
The American University In Cairo (School of Continuing Education)
Date Attended:
July 2016
Duration:
6 hours
Decision Making and Problem Solving (Training)
Training Institute:
American Chamber of Commerce in Egypt
Date Attended:
December 2015
Duration:
18 hours
Effective Project Management Using Metrics, KPI’s & Dashboards (Training)
Training Institute:
The American University in Cairo (School of Continuing Education)
Date Attended:
May 2016
Duration:
30 hours
Generally Accepted Accounting Principles. (Training)
Training Institute:
American Chamber of Commerce in Egypt
Date Attended:
September 2015
Duration:
30 hours
Advanced Management Skills (Training)
Training Institute:
American Chamber of Commerce in Egypt
Date Attended:
September 2015
Duration:
18 hours
Credit Facilities Concepts & Bank Dealings including Financial Analysis. (Certificate)
Date Attended:
January 2005
Valid Until:
January 9999
Financial Analysis (Certificate)
Date Attended:
April 2005
Valid Until:
January 9999
Computerized Accounting Including How to create Journals & Ledgers (Certificate)
Date Attended:
January 2005
Valid Until:
January 9999

Hobbies

  • Reading and watching documentary movies.