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Ahmed Damarany, Chief Accountant

Ahmed Damarany

Chief Accountant ·Philo Egy for Electrical & Plastics Industries Co

Egypt

Bachelor's degree, Accounting

Work experience

Total years of experience: 18 years, 2 months

Chief Accountant

January 2020 - Present

Philo Egy for Electrical & Plastics Industries Co

Cairo, Egypt

January 2020 - Present

Responsibilities
1-Prepared and analyzed financial records to determine areas for financial growth and cost reduction.
2- Trained junior accountants in various complex software.
3- Closely monitored the budgets, expenditures and other finances for 3 projects.
4- Managed accounting teams of 5, dealing with matters including complex financial issues and customer payment complaints.
5- Ensured finance and accounting teams met monthly KPIs by closely observing operations and reports.
6- Managed the payroll processes for 55 employees and contractors.
Conducted in-depth analysis of financial discrepancies,
7- Worked with leadership to prepare operating budgets and facilitate financial planning.
8- Supported budget administration with detailed expense analyses and report reviews.
9- Supported human resources by tracking EEO statistics for FCC reporting.
10- Maximized tax return profitability by interviewing students to obtain taxable income, deductible expenses and allowance information.
11- Educated management on strategies for minimizing tax liability.
12- Prepared quarterly tax returns and reviewed with auditors.
13- Prepared monthly and year-end closing statements, financial documents, and invoices.

Company industry:
Manufacturing
Job role:
Accounting and Auditing

Chief Accountant

January 2018 - November 2019

Mubasher International Co

Cairo, Egypt

January 2018 - November 2019

GL:
- Ensure accuracy of general ledger. Make journal Entries and checking the
supporting documents.
- Review and Audit daily entries.
Accounts Payable:
- Performing day-to-day financial transactions, including verifying,
classifying, computing and recording accounts Payable data.
- Prepare analysis of accounts payable.
- Review contractor's contracts.
- Review the Invoices (MOSTAKHLASAT) of contractors and Mach it with
Indexation.
- Validate invoices against items or services received.
- Review accounts payable Payments.
- Creating, sending, and following up on invoices to suppliers &
subcontractors.
- Settle projects petty cash accounts.
- Track expenses as they relate to specific projects and jobs.
AR:
- Issue customer invoices as per the contract's terms.
- Follow-up collection with the customers.
- Research and resolve invoice discrepancies and issues.
- Review all invoices for appropriate documentation.
Statements and Reporting:
- Produce reliable and timely account statement reconciliations
- Monitor and analyze accounting data and produce financial reports.
- Managing data, records, and reports by checking for errors and verifying
accuracy of information.
- Produce customized reports.
Controls:
- Meet financial accounting objectives.
- Maintaining accounting controls by following policies and procedures.
- Accomplishing accounting and organization mission by completing
related results as needed.
- Collecting and entering data for various financial spreadsheets.
- Monitor accounts to ensure payments are up to date.
Closing:
- Month and end-year process.
- Coordinate and complete annual audits.
Others:
- Establish and maintain fiscal files and records to document transactions.

Company industry:
Travel Agency
Job role:
Accounting and Auditing

Senior Accountant

November 2015 - December 2017

Etisalat Misr.Co

Egypt

November 2015 - December 2017

- Create and monitor a system of controls, procedures, and forms for the
recording of fixed assets.
- Assign tag numbers to fixed assets.
- Record fixed asset acquisitions and dispositions in the accounting system.
- Track the completion of project costs into fixed asset accounts.
- Reconcile the balance in the fixed asset subsidiary ledger to the summary-
level account in the general ledger.
- Calculate depreciation for all fixed assets.
- Review and update the detailed schedule of fixed asset.
- Calculate asset retirement obligations for those fixed assets to which
AROs are applicable.
- Conduct periodic physical inventory counts of fixed assets.
- Represent the company during any audits by a government.
Track company expenditures for fixed assets.

Job role:
Accounting and Auditing

Chief Accountant

November 2014 - October 2015

Ta’amouna - EGYPT co

Egypt

November 2014 - October 2015

Prepare monthly, quarterly and annual financial reports
- Prepare monthly, quarterly and annual budget execution reports
- Maintaining accurate and up to date records of all financial transactions
- Recording, classifying and summarizing financial transactions and events
in accordance with accepted local accounting principles and financial
reporting standards
- Using various software applications, such as spreadsheets, relational
databases, statistical packages, and graphics packages to assemble,
manipulate and/or format data for accounting and reporting purposes
- Computation and payment of staff salaries on a monthly basis
- Improvement financial management system, internal control system by
using financial management software, the medium-term and program
budgeting
- Cooperation with external auditors to carry out annual external auditing
- Supervision day-to-day operation of the accounting
- Other financial management duties assigned by the Director of Finance.

Job role:
Accounting and Auditing

Chief Accountant

November 2012 - October 2014

International Trading Co

Egypt

November 2012 - October 2014

Maintaining basic accounts, book keeping
- Reconciliation of Bank statements
- Ledger entries, journal entries
- Customer relations
- Invoice entries and cross checking
- Prepared and analyzed financial statements
- Helped in preparing tax returns
- Implemented new accounting procedures and processes
- Cooperation with external auditors to carry out annual external auditing
- Supervision the day-to-day operation of the accounting
- Other financial management duties assigned by the Director of Finance.

Company industry:
Retail & Wholesale
Job role:
Accounting and Auditing

Accountant

March 2008 - November 2012

International Trading Co

Egypt

March 2008 - November 2012

Summarizes financial status by collecting information; preparing balance
sheet, profit and loss statement, etc.
- Substantiates financial transactions through audited documents.
- Maintains accounting controls by preparing and recommending policies
and procedures.
- Reconciles financial discrepancies by analyzing information.
- Secures financial information by completing backups.
- Documents financial transactions and recommends actions to be taken.
- Researches and interprets accounting policies and regulations.
- Prepares asset, liability, and capital account entries by compiling and
analyzing information.
- Prepares financial reports by collecting, analyzing, and summarizing
account information and trends.
- Maintains customer confidence and protects operations by keeping
financial information confidential.
- Coordinates activities with accounting staff and answers questions.

Company industry:
Retail & Wholesale
Job role:
Accounting and Auditing

Education

Ain shams university

January 2006

January 2006

Bachelor's degree, Accounting

Egypt

Skills

SQL
Expert
SQL
Expert
Accounting
Expert
Accounting
Expert
Microsoft Office
Expert
Microsoft Office
Expert
Oracle
Expert
Oracle
Expert
Fixed Assets
Expert
Fixed Assets
Expert
ACCOUNTANCY
Expert
ACCOUNTANCY
Expert
FINANCIAL
Expert
FINANCIAL
Expert
POLICY ANALYSIS
Expert
POLICY ANALYSIS
Expert
BALANCE
Expert
BALANCE
Expert
BUDGETING
Expert
BUDGETING
Expert
FINANCE
Expert
FINANCE
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LEDGER
Expert
LEDGER
Expert
PROCESS ENGINEERING
Expert
PROCESS ENGINEERING
Expert
REPORTS
Expert
REPORTS
Expert
TAX PLANNING
Expert
TAX PLANNING
Expert
SQL
Expert
SQL
Expert
Accounting
Expert
Accounting
Expert
Microsoft Office
Expert
Microsoft Office
Expert
Oracle
Expert
Oracle
Expert
Fixed Assets
Expert
Fixed Assets
Expert

Languages

Arabic
Expert
English
Expert