Finance and Audit Manager
emirates grand hotel
مجموع سنوات الخبرة :20 years, 8 أشهر
Dubai Branch - United Arab Emirates
Finance and Audit Manager
• Responsible for the overall accounting and financial functions of our UAE Office, daily transactions, prepare monthly accounts, cost analysis, cash flow forecast, financial commentary and management reports by the reporting deadlines.
• Responsible for overall financial management activities include but not limit to: monitor corporate revenue, cash flow planning, forecasting and budgeting, cost accounting, audit, cost control, asset management, etc.
• Analyze and review the budgets & expenditures for local funding and contracts, and monitor cash flow, payments and receivables and recommend appropriate budget levels, and ensure expenditure control.
• Ensure the internal controls, procedures & reporting standards of the company is in compliance with the local statutory and labour laws.
• Establish, maintain, and coordinate the implementation of accounting control procedures.
• Responsible for the risk management, including negotiations and timely renewal of policies, agreements and contracts
• Ensure effective Financial / Internal controls and reporting systems meet Management's and statutory requirements and safeguard company assets.
• Oversee and manage day-to-day operations and involved in the Implementation of the Logistics Module.
• Monitoring of cash flow to ensure adequate funds are available to meet Company commitments and responsible for cash flow management.
• Supervising the preparation of Weekly Sales Report
• To ensure that Company and Corporate policies are complied with on all aspects covered by the Accounting Department.
• Dealing with the External Auditor for finalization of the Audit Reports.
• Auditing Banks Accounts Monitoring, Sale & Purchase Analyses, client's files & suppliers, current export & import operations, annual branch report (for head office, Balance Sheet and all the attachment with the balance sheet, and all the company branches (Bahrain, Kuwait, Abu Dhabi, Dubai and Sharjah branch)
• Audit Opening letter of guarantee, opening and deciding loans, checking and deciding our credit limits in bank.
Government of Ras Al Khaimah - United Arab Emirates
Finance Department
Internal Audit Manager (2008- 2012)
• Audit all the financial transaction, payables, profit and loss statement and all the analysis for the government before give it to the ruler and making audit report to the ruler of Ras Al Khaimah.
• Preparation of audit strategy - setting budgets, scheduling audits, selecting staff and assigning workloads, and financial reporting.
• Interact with senior manager and partners to maintain ongoing business relationship
• Oversee the completion of clients' annual reports and interact with clients to discuss filed audit issues.
• Managed all aspects of financial statement audits, compliance and internal control reviews.
• Actively participated in government programs, meetings, and lecturer on trainings.
• Presented financial statements to the general manager of finance department and the ruler of Ras Al khaimah.
• Coached, motivated and developed staff, provided timely performance evaluations and effective training
• Extensively communicated with clients and audit team to provide status updates and ensure client satisfaction.
• Managed the engagement team performing audits of governmental entities.
• Reviewed and directed the work of staff, planned engagements and worked with the staff to refine their skills.
• Conducted conferences with senior management relaying the findings of the audit
Accounts Manager (2006 - 2008)
American Insurance Group (AIG)
Cairo Branch, Egypt
• Prepare Periodic financial analysis to identify trends and/or problems, prepare evaluations and recommendations based on financial analysis to the top management for consideration
• Develop and maintain sound internal control procedures, and implement an efficient and timely financial reporting system
• Manage the preparation of monthly, quarterly and year-end financial reports including income, balance sheet, and cash flow statements
• Coordinate necessary activities with agencies/representatives, independent auditors, banks, insurance companies and other outside organizations as required
• Prepare special financial analysis and recommendations as directed by the company's CEO
• Responsible for the risk management, including negotiations and timely renewal of policies, agreements and contracts
• Establish, maintain, and coordinate the implementation of accounting control procedures
• Responsible for ensuring compliance with respect to all financial obligations
• Liaise with corporate office and local brokers for company insurance policies.
Chief Accountant (1998 - 2003)
M.M Group of Companies (Jaguar, Ehgypt Vodafone Agent, EUTP-Egyptian Eukranian Co. for Tractors and Pipes)
Cairo, Egypt
• Prepared annual budgets, monitoring budget vs. actual performance of the manufacturing functions as well as trading activities.
• Extended suggestion to the management on product pricing decision and marketing tactics.
•• Significantly involved in finalization of Accounts and consolidation of units on monthly basis as well as annual for the audit purpose.
• Interacted with Statutory Auditors KPMG for Annual Accounts and consolidated financial statements for the group.
• Played significant role in suggesting management on product pricing decision and marketing tactics, performance evaluation of individual units and overall consolidated statements.
• Developed product costing system for the manufactured products and monitoring the price Mechanism with changes in the prices.
• Stellar role in managing the Inventories, decision of new orders, inventory levels inventory valuations and applications in costing. Control over stores and inventory and system.
• Involved in finalization of Accounts and consolidation of units on monthly basis as well as Annual for the audit purpose.
• Closely monitored the Banking and financial management for procurement of raw materials vs. LC's, pre sales and post sales finance arrangement, renewal of facilities, negotiating with banks for facilities.
• Successfully handled the gamut of activities encompassing Finances, Accounts, Strategic financial planning, Budgeting, Audits, Systems & Procedures, Internal Controls, MIS, Legal Compliance P & L performance, Banking, Working Capital Management, Inventory Control.
• Pivotal in directing all accounting and financial systems development through implementation of control and reporting systems to adequately monitor and provide financial insight into business operations.
Auditor (1991 - 1998)
KPMG
Cairo Office, Egypt
• Auditing all kind of book, Posting to Ledger, annual tax report, and all the transaction for the bank.
• Auditing the entire book for our customers and prepare all the financial statement to kpmg clients
• Preparing all the financial statement (profit and loss statement +balance sheet+ income statement for our kpmg clients)
• Working Capital Management Capital Investment Cash / Funds Flow Management Financial Reporting Financial Modeling Project Management Risk Management Internal Control SOX Compliance Process Standardization Investment Administration Valuation / Due Diligence
• Head auditing functions with key responsibilities as determining financial objectives.
• Designing & implementing systems, framing policies & procedures to facilitate such objectives.
• Formulating business plans & annual budgets based on inputs from various stakeholders and building various scenarios with underlying assumptions; accountable for supervising and ensuring adherence to budgetary parameters.
• Conducting variance analysis to determine difference between projected as well as the actual results and implementing corrective actions to achieve the objectives.
• Monitoring funds flow; taking adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives.
• Maintaining an appropriate system of internal controls which is commensurate with the size and nature of the operations of the company;
• Ensuring that the objectives of the company are achieved at both the entity and process level.
• Designing and implementing controls to ensure reliability of financial reporting, efficiency & Effectiveness of operations and compliance with law/regulations.
Masters degree (1994-1995) Certificate Management Accounting (CMA) - American University in Cairo.
Certificate Internal Auditing (CIA) - American University in Cairo.
Bachelor of Science in Commerce Major in Accounting (1990-1991) Faculty of Commerce, Ain Shams University, Cairo, Egypt