محمود حشاد

Played key role in developing annual and long-range plans to align business strategies to operational plans and expected range of financial results.
Key Responsibilities:

•Researching and analyzing financial information relating to specific companies significantly companies.
•Making presentations and recommendations as to which funds should be included in portfolio.
•Providing analytical perspectives to important strategic decisions.
•Creating reports to help business teams across the region manage their spend.

Accounting:
• Supervise maintenance of books of accounts, approve accounting data entry and ledger postings, oversee daily, monthly and annual closing of books of accounts and review the trial balance.
• Prepare and present financial statements (profit & loss account, balance sheet and cash flow) to local management and senior executives, ensure annual reports are published in time and submit accounting and financial records for consolidation.
• Maintain an audit trail for each business transaction, strengthen internal controls to prevent unauthorized access to business information and eliminate chances of embezzlement.
• Monitor trade receivables and payables, off-set payables with corresponding receivables during any given accounting period and rationalize the credit policy based on specific commercial requirements.
• Improve the cash conversion cycle to maintain liquidity in operations, prepare cash-flow statements to identify patterns within investing, financing and operating activities undertaken by the company.
Financial Management:
• Review financial objectives set by the management, allocate resources accordingly, scan the business environment to identify new avenues for investment and build a corpus of funds and reserves.
• Handle capital budgeting and investment planning, appraise and select profitable projects, judiciously mobilize available funds to fuel business expansion and increase retained earnings.
• Contribute to forecasting, budgeting and cash management to ensure optimum utilization of company funds, prevent cost overruns, meet payment obligations and plan for contingencies.
• Verify adherence with statutory requirements, make provisions and fulfill tax obligations (as applicable) and appropriately archive accounting and financial information to present during external audits.
Financial Reporting:
• Lead financial reporting activities for business operations, prepare compliant reports providing consolidated financial statements and disclosures, and respond to queries (if any).
• Identify and categorize GL accounts, verify account type and balances and review, customize and finalize the Chart of Accounts to facilitate scrutiny and consolidation of accounts.
• Confirm accuracy of accounting treatment accorded to each business transaction, improve statutory compliance and apply standard accounting practices.
Functional Support and Decision-making Advisory:
• Outline the financial implications of business decisions in terms of large-scale projects, fund sourcing, resource allocations, new operations set-up etc. and assist the management in decision-making.
• Coordinate with internal/external auditors to streamline and execute internal/external audits, provide accounting data and financial information, explain measures taken for risk management and internal controls; note audit findings.
• As part of vendor selection and cost control, screen incoming RFQs to select cost-effective vendors and service providers, obtain favorable delivery and payment terms, and ensure uninterrupted production.
• Regularly monitor operations to understand business performance, identify weak areas, and evaluate the correctness of budgetary provisions and support production / factory audits.
• Communicate KRAs (Key Responsibility Areas) to members of the staff, assign team targets wherever applicable, monitor performance and provide job-specific training to boost business results.

Enhanced summary reports with no references to very accurate summary reports. Set up automated financial accounting systems to increase transparency and reduce processing time.
•Successfully implemented Payroll Audit Process to accelerate process in less than 4 hours.
•Implemented methodology used by insurers for evaluating and assessing the risks associated with an insurance policy to optimize coverage of company assets with a minor risk.

Key Responsibilities:
•Defined the policy, procedures and internal systems of the accounting and finance department, verified accounting treatment accorded to complex business transactions (local and international) and ensured accountability and transparency in reporting.
•Directed the finance team with overall control of the company’s accounting and finance function to optimize the company’s financial performance and strategic position.
•Monitored preparation of the budget, financial forecasts and report variances; forecast cash flow positions, related borrowing needs and available funds for investment.
•Oversaw activities for each department in the organization to ensure the procedures laid down in company’s financial regulations are adhered to.
•Developed financial models to enable valuation, estimate risks and returns on investments, apply quantitative techniques, map financial risks and assess different business scenarios to ensure informed decision-making pertaining to optimum utilization of available funds.
•Performed financial analysis to understand the impact of business decisions and evaluate revenue growth, operational efficiency, capital adequacy and solvency and liquidity.
•Monitored operational expenditure limits, exercised effective budgetary control and recommended corrective measures to check variance during the budget cycle.
•Tracked accounts payable, received and scrutinized invoices / bills forwarded by suppliers / vendors / 3rd party service providers, resolved billing discrepancies (if any) and release payments.
•Monitored accounting data, maintained accounting records for each transaction, ensured appropriate preparation of general ledgers, trial balance and financial records and keep accounting filing system as order.
•Coordinated the preparation of financial statements, financial reports, and special analysis and information reports.
•Reviewed and approved payroll to ensure accuracy and that costs are correctly allocated.
•Oversaw the approval and processing of revenue, expenditure, and position control documents, departmental budgets, salary updates, ledger, and account maintenance and data entry.
•Interacted with external auditors for audit procedures and establish and maintains appropriate internal control safeguards.
•Supervised and monitor the team in ensuring the full implementation of ERP system in the company and its subsidiaries
•Performed reconciliation of individual accounts and strengthen the internal control procedures for the entity.