Ali Mohamed Ali Riad, Deputy Financial Manager

Ali Mohamed Ali Riad

Deputy Financial Manager

Arkan Palm Real Estate Investment

Location
Egypt - Cairo
Education
Diploma, IFRS
Experience
14 years, 1 Months

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Work Experience

Total years of experience :14 years, 1 Months

Deputy Financial Manager at Arkan Palm Real Estate Investment
  • Egypt - Cairo
  • My current job since January 2021

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Capital Diesel at Capital Diesel
  • Egypt - Cairo
  • July 2019 to January 2021
Group Accounting Manager at MRESCO Egypt group
  • Egypt - Cairo
  • November 2018 to July 2019
Accounting Supervisor at Mobile Plus
  • Egypt - Cairo
  • June 2017 to November 2018

- Daily Banks Reconciliations.
- Coordinate for all kinds of payments.
- Oversees 7 Branches Transactions on Cash, Sales & returns.
- Followup branches stocktaking on the invoices & other vouchers.
- Coordinate with Branches Accountants the AR Balance Confirmations.
- Review & Authorize Branches Petty Cashes.
- Send Daily Reports of Sales, returns, Aging & Collection.
- Responsible for the General Ledger Records
- Responsible for Fixed Assets Acquisitions, disposals & Monthly Depreciation.
- Responsible For Periodic Tax reports & payments (Withholding Tax & VAT)
- Monthly Overview on Loans, Petty Cashes, Local Vendors, Prepaid & Accrued Expenses, Debtors & Creditors.

Group Accounting Manager at MRESCO Egypt Group (Murabahat For Real Estate Solutions)
  • Egypt - Cairo
  • July 2012 to June 2017

Head Of Finance Department for a Group of 14 Companies (Murabahat Real Estate Solutions, Aqarat 4 U, Vision Real Estate, Value Real Estae, Properties Middle East, Aqary Egypt, Alex New Homes, EG Icons Ads. Co., Arab Engineering Co., Blue Ray Tourism, I Lead Integrated Solutions, Career 4 U (recruitment agency), Talent Hunters(Recruitment Agency) & Tiles & Tools (Home needs).

-Prepare whole group's daily Cash Position.
-Identify daily whole group activities in bank accounts.
-Review & Follow up the payable Schedules for whole group
-Review & Follow up Clients Balances, installments & Aging Report.
-Review settlements of petty cashes & Follow up it's balances.
-Reconcile bank accounts.
-Reconcile subsidiaries accounts.
-Post journal entries in MS AX Dynamics "The Company's Accounting software"
-Track and maintain fixed asset ledger by coordinating with -Technology and Accounts Payable. Prepare schedules for reporting of fixed assets
-Assist with the preparation of other reports provided to management
-Handling year end audits.
-Prepare month-end financial statements.
-Review & Prepare monthly, quarterly and annual tax filings (Value Added (VAT), Salaries & Withhold Taxes)

Accountant at Vitrocolor Egypt "Glass Manufacturing"
  • Egypt
  • December 2011 to July 2012

-Control daily factory's Production, in order to prepare Weekly Workers Wages.
-Inventory Controller.
-Got A Petty Cash & do Weekly Settlement.
-Prepare Daily payables schedule.

Accountant at Badr Eldin Import & Export Company
  • Egypt - Cairo
  • March 2010 to September 2011

• Doing Journal Entries.
• Recording Accounts in the American Journal.
• Recording in general ledger book.
• Handling all debtors' accounts.
• Record cash in and out and notes receivable transaction.
• Full knowledge of all external purchases Procedures and steps from issuing the LC (or CAD) through recording insurance, freight, clearance, custom, expenses and ending with closing the shipment account at inventory account.
• Doing & reviewing daily vouchers transactions (both manual & Computerized)which include payable, Receivable, banks, adjustments, LC's Opening, and closing procedures(shipping, forwarding, pattern 4, …etc)
• Petty cash (permanent and temporary) internal companies, forex.

Education

Diploma, IFRS
  • at ACCA
  • December 2023
Diploma, Egyptian Financial reporting standards
  • at Egypt IRS
  • December 2014

the same as the international standards (IFRS) Except the standard of Leasing.

Diploma, • Tax on Legal persons + Tax on Commercial and industrial activities
  • at Egypt IRS
  • November 2014

Studying according to the Egyptian Tax Law

Diploma, Taxation ( VAT, Income Tax, Stamp Tax & Salaries Tax )
  • at IRS
  • October 2014

Grade : Excellent

Bachelor's degree, Accounting
  • at Faculty of commerce - Cairo University.
  • September 2009

-Studying CMA(Certified Management Accounting) part 1. -Vice President At MEMC(model of electronic and mobile commerce) (Student's Activities)

Specialties & Skills

Accounting
MS Excel
Microsoft AX Dynamics
Peach Tree
I Axiom - ERP
Onyx ERP, Orcale database

Languages

Arabic
Expert
English
Expert

Training and Certifications

IFRS Diploma (Certificate)
Date Attended:
January 2023
CMA in Progress (Training)
Training Institute:
Self Study
Date Attended:
December 2017
Egyptian Accounting Standards (Certificate)
Date Attended:
January 2015
Valid Until:
February 2015
Sales Tax (Certificate)
Date Attended:
December 2014
Valid Until:
December 2014
Salaries Tax Law (Certificate)
Date Attended:
November 2014
Valid Until:
November 2014
Income Tax Law (Certificate)
Date Attended:
October 2014
Valid Until:
October 2014

Hobbies

  • Swimming & Watching Football