AHMED ABOUD

Joined as Accounting Manager & Cost Controller Key Result Areas:
• Ensures that the Company's Accounting records are maintained in accordance with the generally accepted accounting practices
• Preparing and analyzing monthly financial statements with attaching a detailed administrative report on the reasons for deviation from the budget, if any
• Managing company cash flows and enhancing the company's cash liquidity level by coordinating cash flows from sales and analyzing the aging report for suppliers
• Assets management - Ensures that the company's assets are accurately classified, transfers and disposals are recorded and Depreciations are adequately charged to the User departments.
• Inventory Management - Ensures that the Inventories are maintained at the Optimum level, Inventory costs are minimized and Inventory losses are eliminated.
• Controlling F&B Costing recipes, margin, menu engineering, stock movement and receiving system
• Conduct spot checks on central kitchen & restaurants to ensure that the system is followed by receiving raw materials as well as
issuing it from the warehouse and how to use the petty cashes covenant& determining a list for cash purchase approved by senior management
• Examining all payments for suppliers, employees ensuring that all entitlement conditions are met
• Ensure monthly compliance of the balances of payables and receivables and examine the aging reports to balance collections Vs payments in order to enhance the company's cash position
• Providing senior management with a break-even point analysis to measure the effectiveness of any future projects or expansions of the company
• Providing management with financial ratio reports that show the company's efficiency in facing its current and future liabilities from supplier balances and end-of-service balances
• Analyzing the monthly return on investment figure and determining the expenses to be reduced to enhance the company's profitability
• Study all promotions conducted by the company for subscriptions, determine their cost, track their impact on increasing sales, and compare them with other types of advertising to determine the actual cost of attracting new customers.
• Participation of the purchasing department in discussing with suppliers to obtain good prices and an appropriate payment term, as well as continuing to obtain an updated market price list from the purchasing department on a monthly basis, as well as a list of alternative suppliers, in order to reducing raw materials cost, hence enhancing the company's profitability
• Participate with the Human Resources Department in determining the manpower and new staff hiring's budget for each location and recruitment costs from local or overseas sources

Provide leadership and management to the financial department
Provide financial strategy recommendations to CEO/President and executive team Identify and address potential financial risks for the company
Oversee all financial decisions, such as budgeting and auditing Implement strategies and systems to improve financial performance
Support financial department in developing short and long term financial goals Review financial reports and determine methods to reduce costs
Take control of financial records and documentation
2
Serve as a key point of contact for financial department and auditors Daily CFO Responsibilities
Overseeing the reconciliation of income and expense reports
Preparing and analyzing financial statements and profit and loss reports Designing financial models that will benefit different operating initiatives
Supervising the finance department and ensuring that all activities are current and update

Finance functions involving determining financial objectives, designing & implementing systems, policies & procedures, conducting cost analysis & reporting variances to facilitate financial control and payroll procedures and management.
Developing operational metrics with other business and operations groups and implementing Balanced Scorecard strategies.
Performing analytical review of financial operations of the company.
Conducting Internal Audits with a special emphasis on cost control, elimination of duplication of work, strengthening internal control procedures and reporting to the management.
Investigating and understanding key business issues behind the numbers and providing clear, concise and timely analysis & recommendation.
Coordinating with External/Internal Auditors / Officials and other regulatory authorities to ensure compliance with audit memos/IFRS.
Assure program quality and organizational stability through development and implementation of standards and controls, systems and procedures, and regular evaluation.
Provides general oversight of all activities, manage the day-to-day operations, and assure a smoothly functioning, efficient organization

Company Profile : A Leading company in the field of restaurants and diet subscription
key Achievements
Maintain of financial ledgers, accounting processes
Manage AP, AR, and Inventory Models Vs GL
Preparation of Cash flow statement actual Vs forecasted
Ensure that all suppliers’ & receivables’ & inventory accounts are fully
reconciled
Payroll settlement byproducts and in accordance with the standards of legitimacy and exit partners
and redistribution of equity shares.
Work with cost controller for efficiency usage of direct material Preparation of annual budgets
and monitor, analyze and evaluate the performance of the system.of the internal control system
and the discovery of a risk and find appropriate solutions to prevent it.