Ekramy Elhendawy

Maintain general ledger, sub ledgers and financial system interfaces, ensure the compliance of financial procedures with parent company Kuwait Petroleum Corporation (KPC), Subsidiaries - and international financial reporting standards (IFRS).
Preparing financial reports, ensuring financial system and procedures comply with KGOC standards and requirements.
Assists External Auditors by the provision of information and explanation of records. Includes:- liaising with Kuwait State, KPC External, KPC Internal, KGOC External, KGOC Internal, Wafra Joint Operations Internal, SAC Internal, SAC External, Chevron Corporate, Khafji Internal, Aramco Internal and Saudi State Auditors; explaining recording & Reporting Systems.
Preparing monthly Consolidated Financial Statements to KPC.
Preparing and confirming that all Khafji accounting data is uploaded on time; monitoring the reconciliation process; reviewing the “Trial Balance” and reconcile Statement of Changes in participants’ Accounts.
Preparation and review Semi-Annual Consolidated Financial Report with KPC.
Preparing the monthly closure process for the Fixed Assets module of the Accounting System. Includes: - confirming that all new assets are being accounted for; reviewing system data and confirming that assets are being correctly depreciated according to KPC directives; confirming that items are written-off, and the Profit/Loss against depreciated value is accounted for; in accordance with KGOC Financial procedures; and approving the issue and circulation (internally and externally) of all related Fixed Asset Reports.
Preparation of year-end final Accounting Reports. Includes: - confirming the accuracy of the Statement of Financial Position, Statement of Income, statement of comprehensive Income, statement of change in Equity and Cash Flow; forwarding Reports for formal approval; and arranging distribution of copies internally and externally as required
Monitors & oversees Accounts Payable activities related to KGOC JO Wafra & Head Office and KJO. Includes: - confirming the validity of all payments; confirming that all vendors are correctly created in the System and that all Invoices are correctly charged to the respective account and cost center; ensuring that currency exchange rates are correctly applied directly in the System and ensuring that all payments are made on time.
Monitors & oversees the reconciliation for KGOC JO Wafra includes:- overseeing the preparation of the Mass Allocation Report (all expenses) for shared purposes; preparing Reports to the two parties (JO Wafra and SAC); and monitoring the performance of Wafra contracts, Purchase Orders, Performance Bonds and other Financial terms and conditions.
Co-ordinates with IT for all matters related to Financial Services Group.
Board of Directors’ meeting, (Replay and answers for any inquires belongs to KGOC Annual Financial Statements)
Board Audit Committee, (Replay and answers for any inquires belongs to KGOC Annual Financial Statements)
Provided presentation and explain for Audit and Financial Statements - Overview Year Ended for the Board Audit Committee
Review and confirm Khafji Joint Operation (KJO) Special Purpose Financial statements and independent Auditors report. (KJO Stakeholders Meeting)
Coordinate with KGOC joint operations team (Chevron, Saudi Texaco and Aramco) to finalize and consolidate the required financial statements.
Confirming that journal vouchers are correctly transferred to General Ledger; confirming that a monthly Debit Note, with supportive documents, is raised and sent to SAC for settlement of “over-payments”.
Preparation of Audit plan and its implementation for Joint Operations.
Ability to update the reporting pack in the format for any changes in the accounting information required from the entities in the KPC group
Implementing the guidelines and instructions issued by higher management.

First: Taxation Field
• Preparing the annual income tax returns.
• Closing agreement and compromise.
• Preparing statements of defense for Tax Evasion.
Second: Accounting Field:
• Preparing financial statements (Balance sheet, income statement, statement of cash flows, statement of Retained Earnings).
• Preparing Consolidated Financial Statements.
• Applying International, American, and Egyptian accounting standards to the financial statements.
• Ensures timely payments of vendor invoices and expense vouchers and reviewing bills for possible errors. Review applicable accounting reports and accounts payable register to maintain and ensure accurate. Responsible for matching invoices with purchase orders, checking invoices for accuracy, prepare and enter invoices in to the payables system and ensure that expenditures are recorded against the appropriate accounts, Verifies that adequate budgeted funds are available for payments and then encumbers the funds for orders and may schedule the issuance of accounts payable checks. Verifies receipt of materials or services and matches invoices and other documentation to process payment. Maintain historical records for all accounts payable transactions assist with monthly and year-end close out.

Preparing financial statements. (Balance sheet, income statement, statement of cash flows, statement of Retained Earnings).
• Preparing Consolidated Financial Statements