Kareem El Shabrawi

• Managing the operations of all Residential Property Department of the Pearl Island located in Doha, Qatar
• Provide property management services to all UDC owned residential properties and tenants including the management of service providers and contractors.
• Managing a team of 12 of Residential Property Department which provides premier Customer Service to tenants leasing a UDC owned residential unit, Residential Sales, and Unit Buy Backs.
• Project takeover of residential properties on behalf of UDC from Engineering & Construction Department.
• Return on investment on UDC residential assets, by establishing and meeting operating budgets.
Accountable to run an efficient operation, in respect to the island precincts, with specific reference to Residential Properties and the delivery of services consisting of facilities management, cleaning, security, landscaping, traffic & car parking management, pest control, waste management, health and safety, and engineering services.
Implementing the standard practice as well as a comprehensive understanding of Government Regulations, operational methods, and the need to increase profitability.

DESIGNATION CHRONOLOGY:
• Apr 2014 - Present: Chief Accountant
• Jan 2010 - Apr 2014: Lead Accountant

KEY PROJECTS TO CREDIT:
• The Pearl-Qatar

KEY RESPONSIBILITIES:
Accounting:
• Oversee the maintenance of books of accounts, verify journal entries, ledger postings and preparation of trial balance, check GL heads and accounting treatment accorded to each business transaction.
• Supervise the monthly, quarterly and annual closing of books of accounts and provide relevant accounting information during internal audits.
• Ensure accuracy and integrity of accounting information and subsequent financial reports generated by the company, maintain a proper audit trail to reduce inquiries and comply with accounting standards and statutory guidelines applicable in the region.
• Consolidate accounting records for assigned business units of the company and ensure availability of all accounting information for preparation and publication of annual reports.
• Maintain the fixed assets register, record and update the value of fixed assets, create a depreciation fund and charge depreciation accordingly for each asset; evaluate and recommend fixed asset sale / replacement decisions to the management.
Financial Management:
• Prepare the annual operating budget, allocate financial resources to various functions / departments, implement the budget and monitor adherence to budgetary provisions; note variance and initiate corrective measures to check variance during the next budget cycle.
• Study financial statements to provide accurate interpretations to the top management of an entity’s financial position and assist senior executives in finalizing investment decisions.
• Work in close collaboration with Director - Finance to evaluate project proposals and conduct opportunity cost analysis for each business proposal.
• Carry out capital budgeting activity, apply NPV / IRR techniques to arrive at the viability of projects and provide decision-making support to the management.
• Exercise effective internal controls to prevent frauds and financial mismanagement, comply with statutory regulations pertaining to financial disclosures, financial reporting, audits etc.
• Prepare cash flow and fund flow reports to understand and highlight the short-term and long-term liquidity position of the company, plan and maintain reserves for contingencies and provide financial advisory from time to time.
Audit Planning:
• Manage activities for the conduct of internal and external audits, liaise with internal and statutory auditors, prepare the audit plan and schedule, and provide accounting and financial information to auditors as required.
• Respond to auditor queries, provide transaction information with accompanying paperwork, invoices and documentary proofs and explain transactions involving transfer pricing, foreign exchange etc.
• Draft audit reports for submission to the top management, note recommendations of internal and external auditors and ensure corrective measures are in place to check and eliminate deviations.
Project Accounting:
• Prepare independent budgets for ongoing projects of the company, allocate financial resources based on project size and investment (outlay / value) and monitor the utilization of resources.
• Develop expense reports, estimate the requirement of working capital and coordinate with approved banks / financial institutions to secure working capital for projects.
• Source raw material, equipment and manpower from cost-effective suppliers, receive and process invoices, resolve invoicing discrepancies (if any) and release payments.

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KEY RESPONSIBILITIES:
Functional Leadership and Administration:
• Manage the internal accounting system, verify entries for 200+ invoices per month and generate reports for senior management review and assessment.
• Work with departmental managers to identify areas for cost reduction and control, initiate efforts to reduce overheads, ensure apportionment of costs to appropriate cost centers and study monthly income-expenditure statements.
• Supervise the accounts receivable and accounts payable function (team of 5), maintain a favourable balance between cash inflows and outflows, and ensure adequate liquidity to support operations.
• Expedite accounts receivable by formally communicating with clients / debtors to settle accounts within due dates; process payments of vendors / suppliers / service providers as per the prescribed credit policy.
• Assign specific KRAs (Key Result Areas) to the accounting team, develop and implement performance scorecards and guide staff in achieving defined job targets.
• Train teams to use advanced Excel, Quickbooks and Oracle ERP to ensure efficiency and productivity in accounting.
• Review the supply chain processes, identify gaps in performance, implement measures to reduce overheads and lead times and improve departmental efficiency.
• Extend support to the customer service and repairs department and build internal processes to ensure accountability and transparency in operations.

PREVIOUS ASSIGNMENTS:
• Jul 2008 - Aug 2008 (2 Months): Assistant Accountant, Central Operations Unit Accounting Department, Arab Bank, Qatar
- Work Outline: Contributed to retail banking operations, documentation and service request processing, maintained accounting records and handled reconciliation of accounting information.