Hazem Ahmed, chief accountant

Hazem Ahmed

chief accountant

patchi

Location
Saudi Arabia
Education
Master's degree, Management Accountanting
Experience
9 years, 6 Months

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Work Experience

Total years of experience :9 years, 6 Months

chief accountant at patchi
  • Saudi Arabia - Jeddah
  • My current job since February 2023

1. Financial Planning and Analysis:
a. Develop and implement financial strategies and plans to support the company.
growth objectives.
b. Provide accurate and timely financial analysis, forecasts, and reports to the executive.
team, mother companies and key stakeholders.
c. Evaluate financial performance, identify areas for improvement, and recommend.
strategies to optimize financial results.
d. Conduct ongoing financial modeling and scenario analysis to assess the impact of
various business decisions.
2. Budgeting and Forecasting:
a. Lead the annual budgeting process, collaborating with department heads to develop.
comprehensive budgets aligned with strategic goals.
b. Monitor and analyze budget variances, identify cost-saving opportunities, and make.
recommendations for corrective actions.
c. Prepare regular financial forecasts and cash flow projections to ensure effective.
resource allocation and financial stability.
3. Financial Operations :
a. Oversee day-to-day financial operations, including accounting, billing, collections,
payroll, and financial reporting.
b. Ensure compliance with financial regulations, standards, and best practices.
c. Develop and implement internal controls to safeguard company assets and mitigate
financial risks.

Chief Accountant at Marei Bin Mahfouz
  • Saudi Arabia - Jeddah
  • November 2014 to January 2023

 Prepare consolidated, separate statement of f inancial position, profit and
loss and changes in equity.
 Prepare monthly f inancial analyses and reports.
 Oversee the direct material, direct labor, manufacturing overhead, purchasing and
salesbudget for wood factory.
 Conduct variance analysis between planned and actual numbers using f lexible budget.
 Assist with compilation of information for preparation of tax returns.
 Ensure all costs incurred are properly recorded, reviewing journal entries, account
balance reconciliations and report preparation.
 Ensure accurate and timely monthly, quarterly and year end close processes.
 Oversee accurate and appropriate recording and analysis of revenues and expenses.
 Coordinate the payroll preparation process.
 Assist with reviewing of expenses, payroll records and account analyses.
 Collaborate with auditing services to ensure proper compliance with all regulations.
 Ensure all accounting tasks are performed in accordance with IFRS standards.
 Prepare Prepayments and accruals tables and other provisions calculation.
 Protects organization’s value by keeping information confidential.
 Interact with internal and external auditors in completing audit.

Education

Master's degree, Management Accountanting
  • at IMA Institute
  • December 2022

Certified Management Accountant (CMA)

Diploma, Accounting
  • at ACCA Institute
  • July 2022

IFRS Diploma Accredited By The British ACCA

Specialties & Skills

Effective Planning, Presentation Skills, Interviewing Skills, Time Management, and Leadership

Languages

Arabic
Native Speaker
English
Expert

Memberships

ZAMALEK CLUB
  • member
  • February 2015

Training and Certifications

IFRS Diploma Accredited By The British ACCA (Certificate)
Date Attended:
July 2022