Finance Lead
Magrabi Retail
Total years of experience :12 years, 11 Months
• Analyze historical trends and financial information such as: financial statements and records of the assigned area.
• Implement the company business model in terms of long term planning through using the previously conducted financial analysis to provide long term financial insight for the concerned areas.
• Handle and support the budgeting/Forecasting process for the assigned area through using historical data analysis and past performance to assist the budget/Forecast owners in building their function’s annual and quarterly budget.
• Handle ongoing budgets reviews and forecasts and monitor actual spend versus budgeted to report on financial performance for all stakeholders
• Prepare periodical reports that cover different financial aspects to support in management decisions and planning.
• Support decision making and provide ROI analysis on strategic initiatives and special projects
• Assist in weekly Bank Reconciliations.
• Prepare Aging reports monthly.
• Record Provision and accrued entries.
• Prepare monthly rejection report
• Prepare monthly customer statements for Major accounts
• Send out notices to Due/overdue accounts.
• Collect payments and post to accounts.
• Reach out to customers with unpaid debt and attempt to collect from them.
• Keep track of delinquent accounts.
• Make personal visits if necessary to collect debts.
• Set up repayment plans according to ability to pay.
• Write off old accounts and clean up files.
• Compile reports on delinquent account for management.
• Suspend Accounts if dues remain unpaid.
Hyde Park Properties for Development (DAMAC properties before)
-Junior Accountant, Finance Department
-Oct. 2013: Accountant, Finance Department
Responsible for the Accounts Receivable portion of the balance sheet. This includes:
-Utilizes computerized accounting software programs (Oracle) to perform duties and responsibilities.
-Posting all cash receipts, discounts, allowances, price difference, returns and other charge backs to customer accounts timely and accurately.
-Utilizes computerized accounting software programs (Oracle) to perform duties and responsibilities.
-Process Credit Memos for any adjustment, price discrepancy, discount, currency adjustment, duplicate invoices.
-Process Debit Memos to invoice or re-invoice for any adjustment on Cancelling fees, currency issues, and transferring fees and broker Fees, correction to original invoice, and transferring units between customers.
-Provides monthly financial and management reports.
-Assists in financial management and analysis, as requested.
-prepare journal entries, general ledger operations, monthly closings and Bank reconciliation.
- Negotiate with our overseas offices in getting the best rates for import (Air / Ocean) shipments.
- coordinating and seeking best freight rates from shipping lines locally
- Provide sales team with offers to their clients
- Follow up routing orders with our offices and overseas agents
- Make deals with agents and shipping lines to get the best quality with lower rates
- Update Clients with the status of their shipment on regular basis
- Handle clients correspondence, inquires and problems through emails, phones and fax in timely and efficiency manner.
- follow up the Shipment (Air / Ocean) in order to arrange the documentation, Invoice and release the documents to the client
- Responsible for transferring money to our agents outside Egypt (accounts payables, accounts receivables and monthly audit)