Head,Finance & Accounting Division
Arab Trade Financing Program
Total years of experience :20 years, 10 Months
Financial accounting and reporting System “SUN”:
• Overseen the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll;
• Documented and maintained complete and accurate supporting information for all financial transactions;
• Reconciled bank and investment accounts;
• Developed and maintained timely and accurate financial statements and reports that are appropriate for the users and in accordance with International Financial Reporting Standards (IFRS);
• Prepared all supporting information for the annual audit and liaised with the Board's Audit Committee and the external auditors as necessary;
• Assisted the Executive Director and the Board Treasurer with financial reporting as required at Board meeting and the Annual General Meetings;
• Reviewed monthly results and implement monthly variance reporting;
• Managed the cash flow and prepare cash flow forecasts in accordance with policy;
• Managed the acquisition of capital assets and ensured that assets are properly recorded, amortized, and disposed of as appropriate.
Lines of Credit (LOC) Management System:
• Reviewed credit agreements to ensure that they are complete and accurate according to policy;
• Daily managed LOC drawdowns’ requests with available liquidity;
• Verified that the Lines of Credit Management System is updated with the daily announced USD LIBOR rate.
SWIFT System:
• Obtained and compiled SWIFT messages received by banks and matched to their LOC “allocations” detailing the beneficiary parties, credit value, settlement date, interest rate, credit period, credit terms, creditworthiness and guarantees provided;
People:
• Supervised staff of 3 employees;
• Interviewed, hired, and trained new employees.
As Assurance Manager, I managed assurance engagements by defining the audit strategy in consultation with the partner, and executing it in compliance with the firm's policies and protocols. When required, I personally executed complex audit procedures and led teams or parts of teams on engagements, depending on the size of the engagement.
I actively established, maintained and strengthened internal and external relationships and confirmed that work delivered to clients is of a high quality. As part of this, I anticipated and identified risks and escalated issues, as appropriate. As an influential member of the team, I helped to create a positive learning culture and coached and counseled junior team members and helped them to develop.
•Ensured that engagements are executed in accordance with the firm’s methodologies and guidance, and professional standards, on a timely basis, and within budget (or provided reasons why budgets exceeded).
•Effectively communicated the working papers along with a summary of audit findings to the Partner.
•Followed up and / overseen the follow - up of outstanding audit issues, ensuring they are being addressed as and when agreed.
•Prepared draft financial statements & reviewing overall financial statements presentation and notes to the financial statements.
•Coached and mentored assignments prepared by less experienced professionals (2-3 auditors) for sign off by Partner in an effective and efficient manner on a day-to-day.
•Examined and evaluated the design, adequacy and effectiveness of the system of internal controls in order to assess control risk for the purpose of providing assurance that the system of internal controls will prevent or detect manipulation, misuse, theft, improper or illegal activities that effect the safeguarding of assets, or the accuracy and reliability of financial records and designing effective audit strategy.
•Prepared management letters including the deficiencies in internal controls, poor accounting policies used by the client and recommendations - when appropriate - to improve the operational efficiencies and reduce operational risks.
•Developed and translated the audit strategy into effective substantive tests (Audit Programs).
•Executed detailed audit procedures (Audit Programs), including reviewing transactions, documents, records, policies & procedures..etc.
•Ensured that sufficient audit evidence is gathered and correctly documented to support the audit opinion.
•Ensured that engagements are executed in accordance with the firm’s methodologies and guidance, and professional standards, on a timely basis, and within budget (or provided reasons why budgets exceeded).
•Effectively communicated the working papers along with a summary of audit findings to the manager/Partner.
•Followed up and/overseen the follow - up of outstanding audit issues, ensuring they are being addressed as and when agreed.
•Prepared draft financial statements & reviewing overall financial statements presentation and notes to the financial statements.
•Performed financial analysis of the financial statements.
•Prepared consolidated financial statements.
•Audited Cost Recovery statements issued to the regulatory authorities (Oil and Gas companies).
•Coached and mentored assignments prepared by less experienced professionals (2-3 auditors) for sign off by Manager/Partner in an effective and efficient manner on a day-to-day.
•Examined and evaluated the design, adequacy and effectiveness of the system of internal controls in order to assess control risk for the purpose of providing assurance that the system of internal controls will prevent or detect manipulation, misuse, theft, improper or illegal activities that effect the safeguarding of assets, or the accuracy and reliability of financial records and designing effective audit strategy.
•Prepared management letters including the deficiencies in internal controls, poor accounting policies used by the client and recommendations - when appropriate - to improve the operational efficiencies and reduce operational risks.
•Developed and translated the audit strategy into effective substantive tests (Audit Programs).
•Executed detailed audit procedures (Audit Programs), including reviewing transactions, documents, records, policies & procedures….etc.
•Ensured that sufficient audit evidence is gathered and correctly documented to support the audit opinion.
•Ensured that engagements are executed in accordance with the firm’s methodologies and guidance, and professional standards, on a timely basis, and within budget (or provided reasons why budgets exceeded).
•Effectively communicated the working papers along with a summary of audit findings to the manager/Partner.
•Followed up and / overseen the follow - up of outstanding audit issues, ensuring they are being addressed as and when agreed.
•Prepared draft financial statements & reviewing overall financial statements presentation and notes to the financial statements.
•Performed financial analysis of the financial statements.
•Audited Cost Recovery statements issued to the regulatory authorities (Oil and Gas companies).
•Prepared Forecasted financial statements.
•Coached and mentored assignments prepared by less experienced professionals (2-3 auditors) for sign off by Manager/Partner in an effective and efficient manner on a day-to-day.
Member # 1256091 of The Association of Chartered Certified Accountants (ACCA) - “United kingdom”.
Bachelor of Commerce, Major Accounting, English Section, Faculty of Commerce, Tanta University, Tanta, Egypt, Good.