Hazem Hafez

• Led financial planning, budgeting, and annual forecasting processes, aligning them with the company’s strategic goals, and providing the Board of Directors with financial insights and analytics to support decision-making.
• Managed and directed the Separation of Duties (SOD) framework across various departments, ensuring compliance with corporate policy objectives while maintaining daily workflow flexibility and preventing operational bottlenecks. Ensuring full regulatory compliance with IFRS and SOCPA, and managing all Zakat and Tax filings with ZATCA.
• Spearheaded treasury and liquidity strategies, optimizing working capital and expanding banking relationships to secure the necessary financial support and credit facilities for company operations.
• Ensured regulatory compliance by maintaining full adherence to IFRS and SOCPA standards, and managed all Zakat and tax filings with the Zakat, Tax and Customs Authority (ZATCA).
• Demonstrated ERP System Expertise by leading the implementation of Onyx Pro, Oracle, and Odoo systems, automating financial workflows, and successfully integrating Phase 2 of the Electronic Invoicing (Fatoora) project.
• Optimized workflow by restructuring the finance department into specialized units (Payables, Receivables, General Ledger, and Product Costing) and developed a periodic reporting system to measure departmental profitability and enhance operational efficiency.
• Established subsidiaries by designing and implementing the complete accounting framework for "Alaa Enaya Trading Co. (CAREMAX Co.)" and "Care Roots Trading Co.", supervising expenditures and financial operations during the incubation phase, monitoring them for two years, and recruiting the accounting team.
• Utilized advanced analytics using Advanced Excel and Power BI to develop real-time data models, which reduced reporting preparation time by 40%.

• Achieved 100% accuracy in consolidated financial statements, streamlining month-end closing cycles by 5 days, enhancing overall efficiency by 30%.
• Spearheaded the development of departmental budgets and variance analysis, effectively cutting operational redundancies and reducing overhead costs by 15%.
• Maintained a track record of clean audit reports for three consecutive years by reinforcing internal controls and leading the Accountants team.
• Optimized the Cash Conversion Cycle by 20% through diligent accounts receivable follow-up, contributing to improved cash flow management.

• Managed Accounts Payable (AP) and Accounts Receivable (AR) with exceptional accuracy, ensuring timely financial operations.
• Achieved a 25% reduction in shrinkage and stock discrepancies by developing and implementing a comprehensive perpetual inventory system for medical and beauty products.
• Ensured 99% inventory record accuracy by leveraging Advanced Excel for meticulous data reconciliation across multiple warehouses.
• Conducted precise product costing for Medical and Cosmetics SKUs, leading to a 10% decrease in stagnant stock, enhancing overall inventory turnover.
• Transitioned from General Accountant & Inventory Controller to aspiring مدير مالي and رئيس حسابات, demonstrating a commitment to professional growth and financial leadership.

• Cost Calculation & Variance Analysis: Calculating per-unit product costs (materials, labor, and manufacturing overhead) and monitoring actual vs. standard cost variances to identify the root causes of overspending and ensure operational efficiency.
• Asset Protection & Waste Reduction: Safeguarding factory assets and inventory by overseeing periodic physical counts, and minimizing waste and scrap rates on production lines to reduce losses.
• Financial & Tax Compliance Management: Overseeing monthly and annual financial closings, preparing financial statements, and ensuring full compliance with IFRS and SOCPA standards.
• General Ledger (GL) Management: Ensuring the integrity and accuracy of the General Ledger through rigorous monthly and year-end closing processes and detailed reconciliations.
• Accounts Management & Workflow Oversight: Supervising accounting document cycles, managing accounts receivable (AR) and accounts payable (AP), and enhancing collection efficiency.