Senior Accountant acting as “Accounting Manager”
Daikin Middle East & North Africa FZE
Total years of experience :15 years, 5 Months
1. Reporting to the Head of Finance Egypt, dotted line Finance & Accounting Manager Middle East
2. Responsible for accounting and finance activities in Egypt & Starting Up Process of the operations.
3. Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
4. Secure required financing for approved budget needs
5. Consolidate the financial results of the countries within the assigned territory
6. Ensure compliance with all relevant accounting finance legal and regulatory requirements
7. Ensure the necessary control and financial risk management mechanisms are in place
8. Ensure all financial and accounting policies and procedures are aligned with company's strategies and standards
9. Ensure timely preparation of the financial statements and coordinates with external auditors
10. Management of financial reports, consolidations and audits
11. Responsible for all day to day and periodic Finance related process and reconciliations such as A/R, A/P, inventory, cash & bank and Payroll
12. Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements
13. Ensure compliance with taxation legislation
14. Liaison with banks on day to day basis, handle bank guarantees, reconciliations and provisions
15. Fund Flow and Cash Flow operations
16. Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice
17. Prepare Business Units’ concerned personnel in the preparation of their assumptions and budgets.
18. Consolidate all Business Unit’s budget in one Master Budget for Board approval.
19. Prepare & Reporting monthly, quarterly, semi-annually and year-end budgeting versus actual reports along with all necessary explanations on large variances for Board’s review and approval.
Senior Accountant for 2 Subsidiaries (Egyptian Operating Company & Port Said East Power) of Holding Company (Powertek Energy - Electricity Supplier) Malaysian Company
From 1/4/2015 till now.
Job Responsibilities:
1. Revise bills, invoices, receipts submitted for payment & Revise Cheques & Wire transfer after deducting taxes if applicable.
2. Posting all Invoice & payment transactions on ERP Accounting System (Microsoft Great Plains).
3. Daily Cash Management
4. Handling all banking transactions (Time deposits - Swap - Hedging - Forward Deals- LC’s & LG’s) with the bank.
5. Posting Inventory (Receiving - Issuance) transactions on accounting System.
6. Posting all receivable transactions on accounting System.
7. Responsible of all tax forms and make payments to Tax Authorities (Form 41- Quarterly Withholding tax), (Form 11 - Monthly Withholding Foreign), Stamp Duty Tax, Social insurance, Payroll Tax, Emergency Fund Tax.
8. Monthly Closing - Revaluations (Banks - Payables).
9. Monthly Closing - Reconciliations (Banks - 11 bank accounts), (Payables - Reconcile Unpaid Invoices & Unapplied Payments), (Inventory -Reconcile Module with GL & Module with Site Fiscal Count), (Fixed Assets, Depreciation & Accumulated Depreciation- Reconcile Module with GL).
10. Responsible for Monthly Reports:
•Other Credit Balances (Accruals - Other Credit Accounts).
•Other Debit Balances (Cheques under Collection - Stamp Duties).
•Accounts Receivable (Accrued Revenues - Account Receivables Analysis).
•Accounts Payable (Vendor Analysis - Advance Payments - LC’s - LG’s - Forward Deals).
•Cash Reports (Bank Revaluations).
•Fixed Assets (Purchase Cost - Depreciation - Accumulated Depreciation - Net Book value).
•Inventory
11. Guide and assist Business Units’ concerned personnel in the preparation of their assumptions and budgets.
12. Prepare month, year-end budgeting versus actual reports with all necessary explanations on large variances.
1. Check bills, invoices, receipts submitted for payment.
2. Submission of complete documents, approval by authorized person with clear and specific charging notes.
3. Ensuring the policies, procedures and guidelines required by the donor are followed.
4. Ensuring that all the requests and supporting documents are properly organized and filed.
5. Ensure that all purchases meet the donor requirements.
6. All requests are in compliance with internal audit requirements and within the grant approved budget.
7. All purchases procedures are in compliance with the donor requirements.
8. Prepare project cheques/transfers for authorized signatures.
9. Prepare all payment vouchers & ensure accounting dimensions are accurately added. Deliver the cheques/transfers to concerned parties on time and attach receipts to concerned payment.
10. Ensure that an adequate level of cash flow is maintained in consultation with the Grant Principle Investigator.
11. Responsible for all bank payments book keeping and data entry of all expenditure and income.
12. Prepare monthly bank reconciliations.
13. Prepare grant monthly report.
14. Prepare donor financial report.
15. Analyze financial information, call attention to trends, make recommendations, collect information and report on variances.
16. Prepare grant reports on timely manner as required by the donor, support it with a copy for all the expenses done through the reporting period organized same as the report, and submit it to the Grants & Budgets Manager for review then the Finance Director for approval.
17. Assist in preparation and revision of Grant Budget.
18. Act as a liaison with Assuit University and undertake any other duty as reasonably requested by the Grants & Budgets Manager and the Finance Director.
1.Building up accounting department.
2.Making accounting chart for the company.
3.Making three way matching & issuing Checks for Vendors.
4.Issuance of Wire transfers and Draft Check for Vendors.
5.Customer collections (Cash-Checks & Credit Card)
6.Posting transactions on accounting system (Great Plains - ERP Microsoft Accounting System).
7.Bank Reconciliations & maintain balance sheets accounts.
8.Preparing Form 41 (Withholding Tax).
9.Responsible for monthly closing & financial statements.
10.Preparing Reports & Analysis for top management.
11.Assist with financial reports with Orascom Telecom.
1.Making three way matching & issuing Checks for Vendors.
2.Recording transactions on accounting system (Great Plains - ERP Microsoft Accounting System).
3.Bank Reconciliations & maintain balance sheets accounts.
4.Preparing Form 41 (Withholding Tax).
5.Recording Assets Additions & Retirements on assets accounting system.
6.Property Management.
7.Handling GUC Dorm's Cash Projections in Germany
8.Responsible for GUC Foreign currency bank accounts in Germany.
9.Assist with quarterly closing & assist with financial statement's preparations.
10.Assist with of financial reports.
11.Fiscal Count when required.
12.Responsible for Guc researches funded internally or externally( European commission-DAAD -STDF- Ministry of Communication- ITIDA).
•Issuing checks for vendors and research staff salaries.
•Recording transactions on researches accounting system.
•Tracking all expenses to be matched with budgeted amount & avoid unfavorable variances.
•Researches separate bank accounts reconciliation & payables accounts.
•Preparing periodical (monthly- quarterly) reports to external parties.
I am a CMA Holder (Self Study) Since April 2014
i have been graduated from faculty of commerce English Section Major: Accounting. Grade : Good.