Senior Accountant III
Apache Egypt Companies
Total years of experience :24 years, 9 Months
I’m working in the Finance Department, I started as an Auditor then I was promoted to Experienced Auditor in the Tax and Audit Dept. but physically I was working as Tax Accountant, then I moved to the Reporting Dept., and now I’m a Senior Accountant II in the Accounting Dept. and here are some of my responsibilities and achievements:
Accounting Dept.
• Discovered some analytical features in our accounting system (Artesia AS-400) and got the CFO approval to give me the chance to organize a training session for all my colleagues in the finance team to direct them how to benefit from these analytical features which saved lots of time and effort.
• Review and post all monthly entries and reports related to 16 of Apache concessions.
• Make sure proper accruals are booked in the ledger.
• Review actual JV billings and make sure they are error free before booking.
• Review balance sheet, general ledger, and income statement for any errors or unusual transactions.
• Responsible for month end and yearend close for 16 of Apache concessions.
• Make sure that JIB process is reflected correctly between gross and net concessions.
• Report actual ECRs quarterly to EGPC.
• Review partner billings and cash calls by the end of the closing of every month and send them to partners.
• Review monthly bank reconciliations.
• Attend monthly meetings and conference calls related to monthly closing as required.
• Assist with annual SOX audit by fulfilling their information requests.
• Supports annual audit by providing information and answers to auditors.
• Ensure compliance with required external and internal controls.
Reporting Dept.
• Responsible for the monthly closing steps of the holding company.
• Participating in the preparation of the yearly budget plan.
• Prepare several monthly and quarterly reports to be submitted to the upper level management or the Headquarter.
• Work on the improvements needed for the current reports.
• Upload the final ledger data to the Hyperion FDM/HFM system as a final step for the monthly closing.
• Work as a superuser for EssBase System (Extended Spread Sheet dataBase) with an expert as a new analytic application.
Tax & Audit Dept
• Responsible for all Apache Egypt Companies tax related matters (Corporate, Salaries, Stamp and Sales) and coordinating with the tax advisor in this regard.
• Succeeded to increase all employees’ salaries (More than 300 employee) without adding any burden to the company when I discovered that the company is not making the best out of the income tax law exemptions and worked with the payroll system developer to make it in consistence with tax law.
• Changed the format of the existing Excel files and developed it by using Macros and Pivot Tables which saved much time and effort and was appreciated by my managers.
• Prepare tax declarations for all Apache Egypt Companies by the end of the financial year and send it to our Tax Advisor for review before submitting to Tax Authority.
I started as a junior accountant & external auditor, but I managed to gain the confidence and respect of my directors within few weeks, which made my salary doubled five times in only four years.
Some of my responsibilities :-
• Prepare all kinds of analysis and reports needed for all kinds of tax audit (corporate, sales, salaries and stamp).
• Participate in negotiations with tax authority concerning corporate tax, salaries tax, sales tax, and stamp tax audits.
• Prepare the financial statements and tax declarations in accordance with tax authority regulations.
• Leading a team of 3 junior external auditors to perform scheduled external audits in several types of companies (Manufacture, Export & Import, Construction, Trade, etc.. ).
• Participate in new companies establishment procedures.
It was my first job, I started learning the basics of book-keeping and external auditing practically under the supervision of my seniors, and they used to call me Maged QQ (stands for Quality & Quantity).