Muhammad Ellakany

Managing the Financial Reporting for GE Power Business in multiple locations (Bahrain, Oman, Saudi, Ghana and Jordan)

Managing the Financial reporting for GE Power Business in multiple locations (Bahrain, Oman, Saudi, Ghana and Jordan)

SENIOR GL ACCOUNTANT - Al Futtaim Group Real Estate Egypt

- Responsible for managing two companies of Al Futtaim Group companies-Real estate division.
- Month/Year-End closing, Reporting and Audit preparation.
- Preparing the monthly reporting pack (Financials, FSs presentation and miscellaneous analysis).
- Monitoring bank accounts-cash in/out and cash forecast.
- Preparing monthly cash report to identify the cash position/monthly expenditures per project.
- Maintain updated position for Loans balance (Drawdowns, repayment schedule plan and interest calculation).
- Monthly Work Breakdown Structure report for the Asset Under Construction for Cost tracking purposes.
- Reviewing the bank deposits balance/Credit Interest calculation/OD Interest calculation on a monthly
basis.
- Variance analysis.
- Coordinate with the commercial department to identify the best allocation for the incurred costs to be under its related project to match the actual cost with the approved budget.
- Internal control.
- Working with the internal audit team on defining accounting policies & procedures, ensuring its consistency with the whole company policy and defining the best way of applying it.
- Supporting in SAP issues FICO.
- Assisting with the budget section to prepare the yearly and five years budget.
- Verifying that all transactions comply with company policies and procedures.
- Maintain and reconciling inter-company accounts.
- Monthly Ageing report AP, AR.
- Other duties as assigned.