Ibrahim Abouelsaad

Responsibilities at Rolaco Hospitality Supplies:

• Fully responsible for recreating financial activity.
• Prepare the Income Statement and Balance Sheet & Cash Flow for the business in compliance with standard accounting practices.
• Assist the Finance Manager to comply with reporting requirements as the need arises.
• Monitor usage of funds versus the budget, and analyze variances therein.
• Provide accurate inputs to various department Managers to prepare departmental budgets.
• Help the Finance Manager to facilitate the planning and budgeting process.
• Provide inputs to the Finance Manager to accurately estimate cash flow requirements.
• Provide timely and accurate inputs for Costing reports.
• Identify and evaluate opportunities to optimize cost and increase efficiency.
• Complying with the accounting policies laid down by the Group for recording transactions, preparing Financial Statements and adhering to internal control mechanisms.
• Cross check and verify data/records processed by the Senior Accountants.
• Ensure all accounting transactions are completed on time.
• Constantly interact and guide Accountants in the team.
• Ongoing communication with the Finance Manager and the Accounts team to co-ordinate information flows and comply with reporting requirements.
• Highlight loopholes in the Internal Control System, recommend alternatives to the Corporate, and implement the new procedures recommended by the Corporate.
• Reporting relationship with the Finance Manager.
• Working relationship with the Internal Auditor.
• Making recommendations pertaining to recruitment of the Accounts department staff.
• Manage day to day functioning of the Accounts department.
• Mange VAT report & Transaction day to day till issue report.

- Special achievements during current position

• Played main role in preparing standardized chart of account for the group.
• Assisted in the implementation process of new ERP system, which is AX dynamics.

Responsibilities at Rolaco Trading & Contracting Holding:

• Responsible for compliance with group corporate accounting requirements, to meeting scheduled reporting, special requests for financial information, and adherence to group accounting practices and policies.
• Translates operational projections into the Annual capital expenditure, cash flow and operating budgets.
• Documents and explains assumptions used and how the related figures were calculated.
• Directs and controls all accounting activities through accurate recording and reporting of transactions.
• Ensures that reconciliation and analysis of balance sheet accounts are made on a timely basis.
• Prepares monthly financial statements with all notes and analysis required by management.
• Directs the development and assures the proper maintenance of control systems to safeguard assets and to effectively monitor operations.
• Prepares all treasury reports and forms in accordance with the treasury policies and procedures.
• Prepares the consolidated reporting package required by the financial management services on a timely basis.
• Coordinates the timely implementation of all accounting procedures to accomplish accounting objectives.
• Identifies and reviews variances and prepares Budget vs. Actual variances reports.
• Receives and reviews correctness and completeness of all intra-group and inter-company Charges and credits.
• Set and execute the Annual Budget.
• Responsible for payroll accounting and employees benefits accruals.
• Responsible for Accounts Receivables.
• Responsible for General Ledger Accounting and month end accruals.
• Preparing audit schedules for external auditors.
• Preparing reports and analysis of cost.
• Keeping regular flow of information to superior on work activities.

Deal with external audit in preparation of the financial statements and all audit requirements.
• Managed fixed asset register, prepare monthly detailed movement, re-calculate deprecation expenses as well as book, and reconcile assets purchased under capital lease in accordance with SOCPA standards.
• Managed and prepared stock counts and adjust the variances in books.
• Managed and reconciled internal accounts and transactions between the company’s branches.