Hashem Awaida, Finance Director

Hashem Awaida

Finance Director

Hanan Dashti

Location
Kuwait
Education
Master's degree, MBA
Experience
17 years, 6 Months

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Work Experience

Total years of experience :17 years, 6 Months

Finance Director at Hanan Dashti
  • Kuwait - Hawali
  • My current job since December 2020

• Directing financial planning and strategy.
• Analyzing and reporting on financial performance.
• Developing and implementing accounting policies.
• Preparing forecasts and comprehensive budgets.
• Training accounting staff.
• Reviewing departmental budgets.
• Assessing, managing, and minimizing risk.
• Analyzing complex financial data.
• Managing internal controls.

Finance Director at Hanan Dashti company
  • Kuwait - Hawali
  • My current job since November 2020
Finance Manager at Al Burooj Global Marketing
  • Kuwait - Al Kuwait
  • November 2016 to November 2020

• Managing all finance and accounting operations.
•Coordinating and directing the preparation of the budget and financial forecasts and report variances.
•Preparing and publishing timely monthly financial statements.
•Support month-end and year-end close process
•Ensure quality control over financial transactions and financial reporting.
•Develop and document business processes and accounting policies to maintain and strengthen internal controls.
•Mongering accounting operations for Briden Bacher Hop hotel in Dusseldorf (Germany).

Financial Controller at Victus food development Company
  • Kuwait - Al Kuwait
  • May 2015 to April 2016

Management:
-Maintain a documented system of accounting policies and procedures.
- Manage outsourced functions.
-Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
-Oversee the accounting operations of subsidiary corporations, especially their control systems, transaction-processing operations, and policies and procedures.

Transactions:
-Ensure that accounts payable are paid in a timely manner.
-Ensure that all reasonable discounts are taken on accounts payable.
-Ensure that accounts receivable is collected promptly.
-Process payroll in a timely manner.
-Ensure that periodic bank reconciliations are completed.
-Ensure that required debt payments are made on a timely basis.
-Maintain the chart of accounts.
-Maintain an orderly accounting filing system.
-Maintain a system of controls over accounting transactions.


Reporting:
-Issue timely and complete financial statements.
-Coordinate the preparation of the corporate annual report.
-Recommend benchmarks against which to measure the performance of company operations.
-Calculate and issue financial and operating metrics.
-Manage the production of the annual budget and forecasts.
-Calculate variances from the budget and report significant issues to management.
-Provide for a system of management cost reports.
-Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations.

Compliance:
-Coordinate the provision of information to external auditors for the annual audit.
-Monitor debt levels and compliance with debt covenants.
-Comply with local, state, and federal government reporting requirements and tax filings.

Chief Accontant at Trafalgar general trading Co.
  • Kuwait - Al Kuwait
  • February 2008 to July 2014

• Supervising operations to ascertain accounting needs & to recommend.
• Develop and maintaining solutions to business & financial problems, developing, implementing, modifying & documented record keeping & accounting system.
• Preparing reports & summarizing the findings, preparing supervising employee.
• Reporting to the management regarding finance of new projects.
• Inspecting cash on hand, notes receivables & payable.
• Assisting in Examining records & interviewing workers to ensure recording of transactions & compliance with laws & regulations.
• Preparing monthly balance sheet and income statement compared to budget forecasts.
• Coordinating and smoothing the job of the external auditors.
• Fully responsible to coordinate money laundry work with ministry.
• Finance Manager in charge during the absence of him.
• Budgeting and forecasting.
• Doing feasibility study & business valuation.

Accountant at Mohamed Abdul rhman Al-bahar Group
  • Kuwait - Al Kuwait
  • May 2007 to January 2008

• Establishing tables of accounts & assigning entries to proper accounts.
• Recording information such as the property’s description value & location.
• Examining inventory to verify journal & ledger entries.
• Preparing periodic reports that compared budgeted costs to actual costs.
• coordinating with the external auditors
• Preparing daily reports on the request of the top management..
• Follow up daily works in accordance with management requirements
• Preparing payment vouchers.
• Bank reconciliation.

Auditor at Al-wehda auditting office
  • Kuwait
  • July 2005 to April 2007

• Providing internal & external auditing services for businesses, analyzing business operations, trends, cists, revenues, financial commitments & obligations to project future revenues & expenses & to provide advice.
• Preparing, analyzing & verifying annual reports, & financial statements.
• Using accounting and statistical procedures to assess financial condition & facilitate financial planning.
• Conferring with company officials about financial & regulatory matters.
• Examining whether the organizations objectives are reflected in its management's activities & whether employees understand the objectives.
• Evaluating financial & information systems
• Reviewing data about material assets, net worth, liabilities, capital, stock, income & expenditures.
• Collecting data to detect deficient control duplicated

Education

Master's degree, MBA
  • at Maastricht School of Management
  • August 2016

Located in the heart of Europe, within easy access of Amsterdam, Brussels, Cologne, Frankfurt, London and Paris, Maastricht School of Management (MSM) is one of the oldest and most international business schools in the Netherlands. Located in Europe, but an established global player, we know how much good management matters for success. We know how important it is to make internationally accredited management education accessible. Our programs are offered around the world, from Cairo to Lima to Nanjing, and elsewhere. Forging the established with the new and the north with the south, our distinct approach to business equips our students and clients to flourish in a world where rapid change and the importance of knowledge are the only two givens.

Diploma, CMA
  • at IMA
  • January 2012

•1. About Certified Management Accountant - CMA The Certified Management Accountant CMA is an international high-level professional certificate in the field of financial and management accounting offered by the Institute of Management Accountants (IMA) in the United States of America. The CMA designation testifies that its holders have the essential skills in financial planning, analysis and control area as well as decision taking support. Due to business entities’ keenness on recruiting cadres holding (CMA designation), CMA certificate is highly embarked upon by professionals specialized in accounting and financial area. This certificate entitles its holders to play critical roles in the growth of organizations and business entities in which they work. •2. Certifying Body Institute of Management Accountants (IMA) based in the United States of America. •3. Value of Obtaining CMA Credential - On Corporate Level: Enhance the knowledge base and professional recognition of expertise acquired in the management accounting domain. - On Personal Level: Provide professionals with higher opportunities for career promotion in the management accounting positions, together with higher job packages. •4. CMA Review Curriculum: Global Consultants, as a certified training institute in Kuwait, deliver the Certified Management Accountant (CMA) Certificate review program in Kuwait using the Curriculum approved by the Institute of Management Accountants (IMA) as per the last updates on the certificate, based on Gleim version for its high quality, accuracy and flexibility in tackling the new curriculum of CMA Certificate.

Diploma, CFA level 1
  • at Kuwait university
  • June 2009
Diploma, CIDA
  • at T-Mass
  • April 2008

What is CIDA T-mas International Consulting is proud to bring you the latest development news in the Internal Audit Profession. T-Mas is sponsoring an exciting new certification program for auditors called the Certified Investments and Derivatives Auditors (CIDA). Our office receives numerous calls looking for auditors with experience in this highly complex area. With this prestigious and highly respected certification, you will become outstandingly superior in auditing investments and derivatives.

Diploma, APA
  • at T-Mass
  • December 2007

•What is APA The mission of the Accredited Professional Accountant (APA) Certifications is to ensure its members have the professional knowledge and skills to prepare the Financial Statements according to International Accounting Standards prescribed by the International Accounting Standards Board (IASB). The Certified APA’s are trained and tested in the full spectrum of Financial Accounting. APA’s are thoroughly equipped to address the ever changing international accounting standards and therefore be able to handle Financial Statements preparation Virtues: * To raise professional standards and improve the practices of accountancy, finance and taxation. * To accredit persons with demonstrated knowledge of the principles and practices of accountancy, finance and taxation. * To encourage practitioners in a continuing program of professional development. * To assure that accredited individuals provide the highest degree of technical proficiency in small and mid-size business and individual accounting, finance and taxation services. * To foster increased recognition for the accredited individual in the public, private and educational sectors. * Understand the newest accounting accreditation standards and their relationship to the business accreditation standards. * Learn the processes leading to initial accreditation and maintenance of accreditation. * Develop relationships with other accounting administrators, and faculty members, many of whom could serve as important resources for initial accreditation or maintenance of accreditation.

Bachelor's degree, Accountant
  • at Al-isra university
  • July 2005

•2000 – 2001 : High school from Al-jameel school. •2001 – 2005 : Bachelor's degree in Accounting from Al-Isra’a University (Jordan). GPA 80.3%. •• 14/11/2007-26/12/2007: A.P.A. ( Accredited professional Accountant). • 01/03/2008 - 02/04/2008: C.I.D.A .( Certified Investment & Diversities Auditor) • 14/12/2008- 28/05/2009: C.F.A. level 1 ( Certified Financial Analysis) in Kuwait University. 2012: C.M.A. (Certified management accounting)

Bayt Tests

IQ Test
IQ Test
Score 68%

Specialties & Skills

Assess the performance of the company accounting
ERP applications excel word powerpoint internet
MS Excel Macros Pivot Tables Financial Fun. etc
Advanced Level Microsoft Word Excel & Powerpoint
MS Office Word Excel PowerPoint Access Project
Excel, Word, Microsoft PowerPoint and Internet
management accounting
Anti money laundry
external & internal auditing
Cash flow
business valuation
financial reporting
IFRS & GAAP
cost accounting
financial statement
financial analysis
Financial accounting
planning
payroll
annual budgets
analysis
accounting
team management
auditing

Languages

English
Expert

Memberships

IMA
  • Certificate holder - Member
  • March 2005

Training and Certifications

C.I.D.A .( Certified Investment & Diversities Auditor) (Certificate)
Date Attended:
March 2008
Valid Until:
April 2008
C.M.A. (Certified management accounting) (Certificate)
Date Attended:
January 2011
Valid Until:
January 2012
A.P.A. ( Accredited professional Accountant). (Certificate)
Date Attended:
November 2007
Valid Until:
December 2007
C.F.A. level 1 ( Certified Financial Analysis (Certificate)
Date Attended:
December 2008
Valid Until:
May 2009

Hobbies

  • Squash - football - Cross fit