Ahmed Wally

My core experience includes:
• Full accounting cycle (GL, journal entries, reconciliations, financial closing).
• Cost Accounting expertise (Weighted Average, FIFO - IFRS compliant).
• Banking operations management including:
• Credit Facilities
• Letters of Credit (LCs)
• Letters of Guarantee (LGs)
• Overdraft (OD)
• Loans
• Handling banking relationships, committees, and all bank correspondences.
• Experience with major banks such as ABK, Gulf Bank, Commercial Bank of Kuwait, and KFH (Islamic Murabaha).

Key Strengths:
• Leading and managing a team of 7 accountants overseeing a group of 5 companies across multiple sectors (Trading, Manufacturing, Travel Agencies, Agriculture & Livestock).
• AP / AR Management, reconciliations, and financial controls.
• Cash control, petty cash, and custody monitoring.
• Coordination with procurement & Inventory Management for product costing (imported & manufactured).
• Production cycle monitoring and material waste analysis.
• Budgeting using multiple approaches such as Incremental, Zero-Based (ZBB), and Flexible Budgeting, along with financial forecasting (short-term & long-term) using Top-down approach and Cash Flow Forecasting to support liquidity management and decision-making.
• Government & private tenders costing and pricing.
• Financial reporting:
• P&L
• Cash Flow
• Operational Reports
• Preparation of annual Financial Statements (FS) and coordination with external auditors.
• Handling post-audit and bank inquiries.
• Payroll processing and compliance.

Additional Specialized Experience:
• Travel & Tourism Accounting.
• GDS Systems (Global Distribution Systems).
• IATA Reconciliation & BSP Settlement.