Hesham Mohamed MBA CSCA FPAC CMA IFRS

Accounting system: SAP S/4HANA, Exceed ERP.

• Lead budgeting, financial reporting, FP&A, and treasury activities, including actual vs. budget analysis, benchmarking, variance commentary, and cash flow optimization.
• Reporting CEO-level financial and operational performance presentations covering profitability, cash flow, business trends, risks, and key improvement actions.
• Managed cash flow visibility through customer ageing analysis, collection tracking, and comparison of actual versus expected cash inflows.
• Controlled daily working periodically, optimizing cash conversion, liquidity, receivables, payables, and inventory efficiency.
• Developed customer profitability reports and operating profit benchmarking to support commercial and strategic decision-making.
• Automated recurring finance reports and manual processes to improve reporting efficiency, accuracy, and turnaround time.
• Led audit coordination, documentation, auditor requirements, and resolution of audit queries through completion.

Accounting system: MS-Dynamic GP
• Delivered monthly consolidated MIS, including balanced scorecard, financial, and budget reports to evaluate business
performance; analyze variances, identify root causes, and recommend corrective actions to improve efficiency and
decision-making.
• Assessed CAPEX projects using Discounted cash flow methods NPV IRR payback and ROI to prioritize high-value
investments while factoring in non-financial risk elements.
• Developed annual and periodic budgets for group and entity-level reporting to align with strategic targets.
• Reduced costs by 17% by identifying spending inefficiencies through dynamic variance analysis.
• Boosted gross profit by 10% by recalculating product costing and cutting cost variances by 15%.
• Designed a 5-year business plan model incorporating historical trends retention metrics and external drivers.

Accounting system: Oracle E-Business Suite R12
• Played a pivotal role as the main liaison between the Accounting Department, Senior Management, and the Oracle
implementation team during the digital transformation project, migrating from multiple legacy systems to Oracle E
Business Suite (EBS).
• Conducted comprehensive reviews, audits, and testing of all Oracle reports, benchmarking against legacy system
outputs and pre-defined reports to ensure 100% accuracy and reliability.
• Improved accounting process, including data collection, aggregation, and validation at all levels for all departments
by shifting to Oracle e-business suite R12.
• Presented, analyzing periodic financial information for top management and board using advance excel tools to
showcase actionable visualizing dashboarding data.
• Fully created and mapped organization structure, chart of accounts, GL, Sub-ledger, projects, cost, and profit centers
for oracle system.
• Full responsibility of all reports generated from Oracle system by auditing and analyzing reports outputs.
• Periodic analysis of all financial data and extract relationship between multiple data, documents conclusion and
recommendation to facilitate decision making.
• Led policy and procedures updates and implemented internal controls to enhance operational efficiency and financial
governance.
• Analyzed and managed insurance policies across 60+ projects using risk models to secure optimal quotes.
• Recommended future financial statements packages as compliance with bank facilities.

Played a key role in strategic planning, technical accounting issues, coordination of stakeholders, and the updating of business’s accounting policies and procedures. Performed research on technical accounting issues and educated subordinates to ensure compliance with both external and internal finance/accounting regulations. Skilled in periodic reporting of all relevant financial information to the CEO for control and accountability. Ensured period reporting of sales, projected cash flows, periodic revenues and expenses statements, monthly cheques movements, and periodic cash management. Performed the capital budget technique for any new assets acquisition.

▪Prepared, compiling and periodic reporting of master budget, sought approval of top management, reviewed yearly audit reports, conducted a full analysis of audit reports by comparing with previous periods, and explained the results and corrective actions to management.
▪Diligently analyzed revenues, expenses, and cost trends for each strategic business unit to compare actual data with budgeted amounts and highlight significant deviations.
▪Provided inputs for selecting the new ERP system by attending all vendors’ sessions and wrote RFP (request for proposal) to a selection of best vendors with the best solution.
▪Consistently ensured compliance of all financial reporting and analyses with relevant authoritative accounting policies.
▪Documented policies to ensure internal control and using organization resources in an efficient and effective way.

• Built strong communication channels with senior stakeholders to improve processes, elevate team performance and
drive revenue growth.
• Analyzed operating cycles capital structure financial leverage liquidity and solvency to shorten cycle times and
increase efficiency.
• Generated accurate and timely financial reports and analyzed contribution margin income statements to evaluate
profitability.
• Partnered with cross-functional teams to assess value chain activities and eliminate non-value-added processes.
• Designed credit management procedures in line with policies and supported customer retention strategies.
• Ranked customers by risk profile and escalated high-risk accounts for immediate debt recovery actions.
• Assessed customer profitability and proposed sales strategies through targeted promotional planning.
• Developed complete master budgets from scratch using Excel and PowerPoint with ongoing variance reporting.
• Evaluated customer creditworthiness using payment behavior turnover collection ratio and credit limit indicators.

Known as ‘BIG’, Beyout Investment Group is a large investment holding company that provides human resources solutions and life support services through its subsidiaries and Real Estate Facilities.

Real Estate

HIGHLIGHTS:
• Significantly reduced operating cash flow by more than 12, 000 KD annually, using legitimate and legal technique
• Developed collection pattern using MS-Excel which assisted in reducing average collection period from 45 to less than 30 days.
• Managed transformation of financial data from focus system to SAP Business One with 100% accuracy.

KEY RESPONSIBILITIES:
Financial Reporting:
• Prepared detailed internal financial statements and reports, maintaining the highest quality, reliability and accuracy. Provided financial statements & reports to BIG on time for consolidation purpose.
• Developed and maintained the integrity of the financial reporting process and financial controls.
• Performed high level reviews of financial statements to verify their accuracy and to find ways to limit or reduce costs. Identified financial reporting issues and drove resolution of these issues.
• Interpreted the results of financial statements to top management and assisted to make important financial decisions that will affect the company’s budget and finances.
• Provided timely and accurate financial projection updates to the senior management, identified risks and opportunities along with recommendations.
• Prepared comprehensive reports, abstracts, and charts to present data and guide investment strategies. Checked the minute details of financial reports to ensure that all legal requirements are met.
• Monitored incoming and outgoing payments to ensure accurate, timely booking for more than 1 million of monthly cash turnover.
• Worked on different modules of SAP Business One including Financial AP, AR, GL, BP, Banking, P&L and BS to generate accurate reports.
Financial Analysis:
• Applied horizontal analysis, liquidity analysis, capital structure analysis and profitability analysis to analyze financial statements and reports.
• Conducted quantitative analysis of financial data in order to forecast revenue, identify future trends as well as assess risk associated with capital expenditures.
• Calculated growth rate of individual line items on BS, IS, compared to base year.
• Performed comparative analysis of financial statement with competitors, industry average for better performance evaluation, and highlighted positive and negative results.
• Analyzed, ranking profit centers, investment centers as per periodic calculation of operating income, rate of return with the help of pivot table technique, DuPont model Analysis.
• Delivered ad-hoc analysis and developed financial models to better understand performance, trends and impact of decisions.
Liaison & Coordination:
• Coordinated with external auditors with regards to external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues
• Liaised with external auditors for annual audits and quarterly review activities. Communicated all financial law and regulations to the team and management to assure financial compliance and avoid occurrences of non-compliance.
• Oversaw functioning of the accounting department to ensure that they are aware of and follow all up-to-date policies & procedures as well as to resolve any reporting errors or discrepancies.

Dia Behbehani Group - Alba Real Estate is a General Trading and Contracting Company that provided a wide range of office and home furniture, interior solutions and sports equipment to the market

Constuction, Real Estate and Retail

HIGHLIGHTS:
• Provided assistance to the Financial Controller in maintaining company’s financial leverage by established special purpose entity.
• Assisted senior management in implementing capital budget technique.
• Contributed to safe company assets over inventory by re-arranging the process of document cycle between Store Department and Accounting Department.

KEY RESPONSIBILITIES:
• Reported to the Financial Controller with the responsibility of preparing and analyzing financial statements, preparing cash flow projects, analyzing financial data and reviewing aging schedule
• Participated in preparation of annual budget, prepared periodic budget reports and submitted them to senior management.
• Analyzed revenue, expenditure trends and accordingly provided recommendations to management for appropriate budget level to achieve organizational objectives.
• Analyzed complex financial information and reports in order to provide accurate and timely financial recommendations to management for decision making purposes.
• Responsible for daily, weekly and monthly cash management to meet all bank debts and maintain creditworthiness of the organization.
• Prepared financial reporting package and submitted to the Financial Controller. Developed financial models and analysis to support strategic initiatives
• Evaluated building investments based on accounting rate of return, payback period, discounted payback, discounted cash flows, internal rate of return and profitability index.

The Al-Sayer Group is one of the major trading companies in Kuwait, specialized in Automotive Dealership, Leasing and Rentals, Heavy Equipment, Software and Hardware solutions, Insurance, Tyres, Oil and Paints


Retail

HIGHLIGHTS:
• Successfully achieved deadline for yearend closing with accumulated works for more than 4 months

KEY RESPONSIBILITIES:
• Managed a full accounting cycle from accounts payable, accounts receivable, reconciliation, and month-end closings to year end reporting in compliance with established practices.
• Responsible for operational management of accounts department, including debtors and creditors ledger, accounts payable and receivable, wages and salaries.
• Managed and executed complete cycle of direct foreign purchase, letter of credit as well as calculated cost. Supervised general ledger accounts to ensure accuracy and reliability of data output.
• Responsible for financial reporting and statement preparations, as well as closing out the quarter. Examined financial statements and documents for compliance with accounting requirements and principles.
• Developed detailed reports on costs, productivity, margins, and expenditures and offered financial recommendations.
• Worked with Department Heads to assess financial status of the organization and identify methods for cost-reduction and efficiency improvements.
• Calculated payroll on monthly basis including leaves and indemnity.
• Provided assistance in budgeting and auditing tasks. Liaised with external auditors for successful audit completion and prepared full audit file.

Manufacturing

KEY RESPONSIBILITIES:
• Supervised accounting data entry, verified accuracy of accounting records, assigned appropriate accounting heads to business transactions, posted journal entries and passed rectification and adjustment entries as required.
• Prepared monthly bank reconciliation statements, approached approved banks to secure short-term and long-term funds and handled disbursement of working capital to ensure uninterrupted operations and raw material sourcing.
• Managed accounts receivable, followed-up with debtors to ensure receipt of money as per the credit policy, resolve invoicing discrepancies (if any), and issued acknowledgements for all bills paid by debtors.
• Conducted process audits and exercised effective internal control to ensure required compliance with statutory requirements and process workflows.
• Recorded cash and bank transactions, fund transfers and updated the internal system promptly to reflect the accurate cash / bank position.
• Prepared cost sheets for various production batches in a given accounting period, apportioned overheads to appropriate cost centers, bifurcated direct and indirect costs judiciously as per accounting standards and exercised effective cost control under the guidance of senior personnel.

PREVIOUS ASSIGNMENTS:
• Oct 2002 - Jun 2003: Accountant - Bookkeeping, Kuwait Landscaping and Guarding Maintenance, Kuwait
• Jan 2001 - Sep 2002: Junior Accountant - Bookkeeping, Red Sea Club Co - Hotel Catering, Egypt