محمد حامدحفنى

Deputy Financial Manager - Cost Controlling
Job responsibilities:
• Designed and maintained a consistent costing system to ensure financial accuracy.
• Managed monthly closing and reporting processes for manufacturing accounting.
• Planned and led periodic physical inventory counts to verify accuracy.
• Assisted Supply Chain Director with annual budget preparation using historical data.
• Supported site expense budget development through monthly reports highlighting key issues.
• Provided ad-hoc cost reports in collaboration with relevant stakeholders.
• Reviewed and approved all payment requests for compliance and accuracy.
• Collaborated with I.T. Department to optimize ERP system functionality.
• Developed and led a high-performing financial team through effective recruitment and coaching


Extra Assignment: Temporary Procurement Manager (Dec 2019 - May 2020)
• Ensured timely procurement of high-quality materials at competitive prices.
• Built and maintained strong supplier relationships to secure favorable terms.
• Led and supervised purchasing and logistics teams to optimize operations.
• Identified and evaluated potential suppliers to enhance sourcing efficiency.
• Collaborated with the legal department to finalize contracts aligned with company interests.

Job responsibilities:
• Presented critical financial matters to Management Team for informed decision-making.
• Participated in key strategic decisions as executive management team members.
• Ensured accountability and effectiveness in all aspects of financial management.
• Developed financial security through implementation of best practice accounting systems.
• Oversaw preparation and issuance of periodic reports and financial statements.
• Formulated comprehensive financial and tax strategies to optimize resources.
• Reviewed and analyzed External Audit results, recommending approval of Audited Financial Statements.
• Managed accounting functions while maintaining accurate financial records.
Major Achievements:
• Designed and implemented an integrated Accounting ERP system covering GL, AP, AR, Fixed Assets, Payroll, and Financial Reporting modules.
• Developed and deployed a comprehensive Inventory Control ERP system to enhance accuracy and operational efficiency.

Job responsibilities:
• Formulated strategies with senior teams to drive business growth.
• Established and enforced financial policies to guide decision-making.
• Protected assets by monitoring and implementing internal controls.
• Oversee cash management operations, including banking relationships.
• Prepared and analyzed reports, budgets, accounts, and financial statements.
• Directed preparation of company budgets and financial forecasts.
• Reported on budget variances, providing insights on underlying causes.
• Managed annual insurance renewal process to ensure adequate coverage
• Supported product pricing decisions through financial analysis and competitive benchmarking.
• Directed internal audit processes to strengthen accounting and administrative controls.
• Managed external audits, reviewed findings, and recommended approval of audited financial statements.
• Oversee tax, Zakat, and related regulatory matters to ensure full compliance with government requirements.
• Built and led a high-performing financial team through effective recruitment, coaching, and performance evaluation.
Major Achievements:
• Designed and implemented comprehensive Financial Statements and Reporting systems.
• Developed an automated Bank Cheques system, integrating cheque printing and expense database functions.
• Implemented Receivables and Costing systems to enhance financial accuracy and efficiency.
• Designed and deployed integrated computerized systems for Sales Distribution, Purchasing, and Inventory management.
• Fostered interdepartmental coordination to improve communication and operational alignment.
• Supported colleagues in enhancing their professional performance and technical skills.
• Conducted advanced Excel training sessions for company teams to strengthen analytical capabilities.

Job responsibilities:
• Managed daily operations of accounts payable, accounts receivable, and general ledger.
• Prepared financial statements including trial balance, profit and loss, cash flow, and balance sheet.
• Executed month-end and year-end closing processes efficiently.
• Consolidated monthly management information system reports to support decision-making.
• Ensured timely reporting of all monthly financial information to stakeholders.
• Supported external audit teams through effective communication and documentation.
• Conducted various tax functions and submitted reports to tax authorities.

Major Achievements:
• Developed an automated Bank Cheques system, integrating cheque printing and expense database functions.
• Designed and implemented comprehensive Financial Statements and Reporting systems.
• Implemented an efficient Accounts Receivable system to enhance cash flow management and accuracy.

Job responsibilities:
 Prepared financial statements including trial balance, profit and loss, cash flow, and balance sheet.
 Monitored third-party bookkeeping and accounts payable/receivable processes.
 Executed month-end and year-end closing procedures.
 Analyzed financial performance by monitoring sales and costs, driving cost reduction initiatives.
 Consolidated monthly management information system reports for strategic decision-making.
 Oversee capital investment schedules and assisted in preparing investment proposals.
 Coordinated audits with statutory and group auditors for compliance verification.
 Maintained bank relations regarding overdraft facilities and loan negotiations.
 Follow up on the cash management processes across the company
Major Achievements:
 Developed an automated Bank Cheques system, integrating cheque printing and expense database functions.
 Concerned with implementation for MS NAV system (All Modules).
 Fostered interdepartmental coordination to improve communication and operational alignment.
 Supported colleagues in enhancing their professional performance and technical skills.

Job responsibilities:
• Analyzed manufacturing costs, including cost of goods sold and variances.
• Prepared monthly cost sheets for all SKUs.
• Designed and maintained a consistent costing system using Excel.
• Incorporated Bill of Materials (BOM) based on production data.
• Recommended cost efficiencies for new and existing products.
• Monitored raw material price changes and actual material waste.
• Managed timely monthly closing and reporting for manufacturing accounting.
• Coordinated physical inventory counts to ensure optimal stock levels.
• Ensured proper completion and alignment of Capital Expenditure (CAPEX) forms with approved budgets.
• Maintained and monitored the Fixed Assets Register using Excel to safeguard company assets and ensure accuracy.
• Supported the development of the annual site expense budget by preparing monthly financial reports and leading review meetings with the Supply Chain Director to address key issues and corrective actions.
• Collaborated with the IT Department to ensure the effective operation and enhancement of the ERP system.
• Coordinated with external audit teams, providing full support and necessary documentation.
• Supervised and evaluated team performance, ensuring high standards across direct and indirect assignments.
Major Achievements:
 Designed the Computerized System For Stock Control, Costing and Fixed Assets.
 Designed the warehouse vouchers and documents.
 Implement the SOP for stock control section Costing and Fixed Assets.
 Participated in the implementation of Oracle Application System (All Modules) Versions 11 & 12.
 Coordinate between various departments to closer point of view.
 Help other colleagues to improve their work and Skills.
 Establish Warehouse items Codification According to Federal Supply Classification.
 Establish Fixed Assets Register and the Codification for Plant Equipment and Machinery.
 Training Supply Chain Team on Advanced Excel.
 Training All Departments on Oracle System and support the ERP.

Job responsibilities:
• Registered and classified daily warehouse transaction movements for main raw materials.
• Prepared and reviewed warehouse consumption and ending balance reports.
• Reconciled stock control balances with subsidiary ledgers.
• Monitored and reported slow-moving and non-moving stock items to management, ensuring appropriate actions were taken.
• Investigated reasons for damaged stock occurrences to prevent future issues.
• Followed up on material received by cost centers to optimize usage.
• Conducted periodic physical inventory counts to maintain accuracy.
• Designed and implemented a computerized stock control system for improved efficiency.
Major Achievements:
 Designed the Computerized System For Stock Control.
 Designed the warehouse vouchers and documents.
 Implement the SOP for stock control section.
 Coordinate between various departments to closer point of view.
 Help other colleagues to improve their work and Skills.

• Reviewed and prepared accrual journal entries for purchasing transactions.
• Issued payments to suppliers and processed cheques.
• Conducted analysis of supplier accounts and facilitated reviews with suppliers.
• Compiled monthly accounts payable aging reports to track outstanding balances.
• Analyzed petty cash expenditures and prepared necessary journal entries.
• Coordinated with purchasing department and suppliers to ensure timely payments.

Job responsibilities:
• Controlled customer withdrawals of finished goods from inventory.
• Issued monthly invoices to clients for timely payments.
• Recorded cash and check movements in safes accurately.
• Tracked checks deposited in banks and followed up on daily collections.
• Provided monthly account balances to customers for transparency.
• Prepared monthly accounts receivable aging report for financial analysis.
• Calculated accounts receivable turnover ratios on a monthly basis.
• Compiled monthly reports for due and undue checks in banks.