Ahmad Tawfeak

A qualified and professional Finance Manager with 12+ years of experience in handling all major aspects of financial accounting in different fields (Manufacturing and fabrication, trading, construction domains, Hospitality), combined with a result-oriented approach and keen eye for details. Accuracy-prone accounts expert, well known for multi-functional prowess in managing assets & liabilities, arranging project finances, and managing operational / capital expenses. Exploring challenging opportunities to work with a reputed organization in financial accounting and management position, as Head of Accounts Department /Finance Manager / as Head of Finance or Internal audit Department Education, IPO Management, Investment Management

• Evaluate and provide reasonable assurance that critical business functions like risk management, control and governance systems are functioning as intended and will enable the achievement of Company’s goals and objectives.
• Maintain Integrity of general ledger, including the chart of Accounts.
• Support management in reporting risk management issues and controls and provide comprehensive recommendations to mitigate the risks and improve organization’s operations, in terms of both efficient and effective performance.
• Review the adequacy of internal controls and procedures on basis of knowledge of operations and audit work performance.
• Investigate reported occurrences of fraud, embezzlement, theft, waste, Etc and provide support to company’s anti-fraud programs.
• Review Internal Control system regular basis and implement good internal Control system
• Review and control the job order starting from the estimation of the cost of the job moving to material consumption and controlling the scrap material.
• Review and control the HR system and Match it with the accounting system.
• Re Calculate and evaluate the inventory module with weighted average with the accounting system.
• Review, Evaluate and Match ERP system with the admin
• Verify the existence of assets and recommend proper safeguards for their protection
• prepare special reports, where and when required, for management on various aspects of financial management, including asset management and security, decision support systems, financial reporting, management information systems

• Maintain Integrity of general ledger, including the chart of Accounts.
• Support management in reporting risk management issues and controls and provide comprehensive recommendations to mitigate the risks and improve organization’s operations, in terms of both efficient and effective performance.
• Review the adequacy of internal controls and procedures on basis of knowledge of operations and audit work performance.
• Investigate reported occurrences of fraud, embezzlement, theft, waste, Etc and provide support to company’s anti-fraud programs.
• Review Internal Control system regular basis and implement good internal Control system
• Review and control the job order starting from the estimation of the cost of the job moving to material consumption and controlling the scrap material.

•Supervised the day-to-day operation of the accounting.
•Managing accounts for the company’s non-current assets including fixed income instruments and long-term investments, and reporting them in the annual financial statements.
• calculating the monthly depreciation using the straight-line method, and analyzing the depreciation expenses against the estimated life of company’s assets; creating a depreciation fund to support the capital budgeting activity.
•Managing critical accounting procedures involved in making monthly accounts adjustments, c and year-end closing of accounts.
•Preparing Monthly financial statements, reporting cash in-flows, operational expenditures, forecast revenues, and estimated budgets to the company’s management team.
•Managing a team of the accountants for day-to-day accounting function and to manage systems and procedures for preparation & maintenance of statutory books of accounts & financial statements..
•Making Annual Budget.
•Experience with Fidelio, Spa Soft and sun System
•Liaising with treasury department for mobilizing funds and non fund based finance to meet working capital, Capex requirements and cash flow.
•Preparation of MIS reports like Management accounting and performance analysis report, Profit Center profitability report, variance analysis of profit and margin %, inventory analysis by age & cause wise.
•Develop and implement policies and procedures with emphasis on internal controls.
•Provide training to new and existing staff as needed.

Audit Support
•Handling the preparation of interim accounts to support internal audits, responding to queries raised by auditors and implementing audit recommendations to correct deviations.
•Preparing the audit plan, liaising with external auditors to streamline tasks during financial audits, providing accounting information called for by statutory auditors including invoicing & sales records, company investments, capital expenses etc. in a given accounting period.
•In-charge of preparing the audit report based on the instructions of statutory auditors at the end of every financial audit and submitting the final report to the management for review.

Highlights:
• Designated to manage two subsidiaries under the parent company Medical Marketing Services Consultant - Al Shamel for Advertising and Marketing Comprehensive Company (Marcom DMCC).
• Responsible for supervising the accounting function at the subsidiaries with particular focus on maintaining integrity and accuracy of accounting information.
• In-charge of inter-company accounting to accurately consolidate accounting information for presentation to the senior management at periodic intervals and for publishing company’s annual financial reports.

Key Responsibilities:
Accounting& Financial Management
• Managing accounts for the company’s non-current assets including fixed income instruments and long-term investments, and reporting them in the annual financial statements.
• Involved in the calculation of monthly depreciation using the straight-line method, and analyzing the depreciation expenses against the estimated life of company’s assets; creating a depreciation fund to support the capital budgeting activity.
• Managing critical accounting procedures involved in making monthly accounts adjustments, closing of project accounts, and year-end closing of accounts.
• Preparing quarterly financial statements, reporting cash in-flows, operational expenditures, forecast revenues, and estimated budgets to the company’s management team.
• Handling several other accounting functions including monthly finalization of accounts, payroll administration, bank account reconciliation, etc.
Inventory Accounting
• Coordinating with the purchase department to receive duly raised Purchase Orders, verifying all details, and signing the order post confirmation of order requirement.
• Heading the invoicing and billing processes, verifying client-wise bill amounts on a daily basis, and signing the invoices that are issued to all clients.
• Managing account receivables and account payables, maintaining control over both entities in the company’s books of accounts to maintain the cash flow.
• Involved in the preparation of the aging report and utilizing it as an intelligent tool to identify all invoices / client accounts that are overdue for payments, as per the company’s credit / clearance policy.
• Processing third-party service provider payments, supervising the data entry activity and verifying accounting reports generated by the team from time to time.
Audit Support
• Handling the preparation of interim accounts to support internal audits, responding to queries raised by auditors and implementing audit recommendations to correct deviations.
• Preparing the audit plan, liaising with external auditors to streamline tasks during financial audits, providing accounting information called for by statutory auditors including invoicing & sales records, company investments, capital expenses etc. in a given accounting period.
• In-charge of preparing the audit report based on the instructions of statutory auditors at the end of every financial audit and submitting the final report to the management for review.

Key Responsibilities:
• Functioned as an accountant for this construction company, with focus on conducting accurate financial accounting procedures, in line with standard industry practices.
• Handled accounting of the organization’s assets including company-owned lands, properties, leased office spaces, and other financial investments.
• Prepare monthly payrolls for employees in consideration with the employee’s base payment, tax deductions, employee contributions insurance / pension schemes.
• Provided budget estimations and revenue forecasts to the senior management, and assisted the chief accountant in planning operational and capital expenditures.
• Streamlined the cash flow by administering control over account payables and account receivables, and ensuring adherence to the defined budget allocations.
• Assisted the chief accountant in obtaining finances for approved projects, prepared project reports, and coordinated with banks to acquire secured loans.
• Monitored all financial transactions between the company and various other parties including customers, vendors, suppliers, and handled bank reconciliations.
• Involved in the monthly closing of accounts, generation of quarterly financial statements, and formulation of annual financial guidance for the company.
• Provided end-to-end support to internal / external accounts auditors, produced bills, invoices, statements, and reports as required during the annual audits.