Mohamed Sharaf

Financial statements and month-end reporting (P&L, BS, S.E., and C.F.) Management/Analysis and consolidation for the MEA Organization with an Annual OPEX of $37M and Revenue of $700M+ Direct Revenue across seven regions and 13 units.
Shape financial strategies (Corp level) and work on financial modeling and feasibility studies for investments and projects.
Manage month-end/year-end closing activities to ensure the financial statements accurately and timely reflect the results.
Perform annual Planning & Budgeting and yearly/monthly rolling forecast and prospective financial statements (P& L, BS, and DFC) with variable pricing plans and market analysis. Provide financial modeling and feasibility studies for investments.
Risk exposure management by analyzing the organization’s liabilities, investments, fundraising plans, and capital structure.
Guide business units to control entities and meet targets through supporting key business initiatives and driving projects.
Lead treasury and cash flow management activities to manage liquidity and credit risk ensure financial control requirements.
Provide capital markets insights, risk mitigation management, and tactics (Beta, Alpha, Delta ascertain, and securitizations).
Perform financial planning and analysis for the region across the Middle East & Africa, financial accounting and reporting duties, follow internal control guidance and compliance requirements, and play a key role to drive the performance.
Generate financial reports and variance analysis accurately & on time to meet deadlines and support management needs.
Maintain a high level of financial control system & develop internal controls improvements to overcome compliance gaps.
Manage and control process efficiencies for 23 products and 12 service segments, support upper management through future estimates, standalone analysis, performance trends & drivers, cost savings initiatives, and vendor management.
Prepare business performance analysis and perform financial reporting and M.I.s across segments and unit/country heads.
Control cost structure to ensure accuracy, measure variance analysis, and commercial insights to support stakeholders in decision making and advising on action required to enhance performance and improve working capital management.
Preparation of AOP (Annual Operating Plan) and work with the business to align the annual plan to the approved budget.
Present financial reviews and business performance to the top management/BOD by providing practical recommendations.
Manage IFRS transformation, consolidate 16 sites across MENAT region. Lead and manage the finance department (21 FTEs).

• Prepare and analyze Financial Statements (Balance Sheet, P&L, OCI, Cash Flows, and Changes in Equity) in conformity with local GAAP and IFRS translation along with other supplementary statements.
• Execute financial accounting, reporting & analysis in addition to collateral reports for corporate reporting.
• Generate financial reports and performance analysis accurately & timely supported by recommendations.
• Conduct forecasting & budgeting (APP process) include reviewing and controlling AOP versus actual.
• Perform financial duties represented in cost management and various accounting & reporting activities.
• Handling huge volume of financial data to submit deliverables in timely fashion and accurate manner.
• Supervise & Identify cost drivers and oversee value reengineering activities of corporate capital structure.
• Advising what to do through presentations to Top management, Board of directors and Headquarter.
• Perform detailed variance analysis procedures and subsequent functional responsibility accounting.
• Execute FOREX hedging and provide discounted cash flow daily to mitigate money options risk impacts.
• Monitoring derivatives and devaluation effect - currency free floating - which reflected in internal reports.
• Resolving transfer pricing matters side by side with financial instruments which effect fund management.
• Perform extremely complex feasibility studies for potential investments achieving ultimate ROI and RI.
• Consolidate 22 legal entity for fiscal year end closing purposes by issuing/publishing FVO (Statement of financial position, Income statement, SCF, Shareholders equity) and managing related amortised PPE.
• Ensure Compliance with local tax regulations (corporate tax returns, VAT.....) and other tax related issues.
• Lead and manage finance department which consist of nineteen members, performing following functions (A/P, A/R, GL, Treasury, Costing, Fixed Assets, General Accounting, Financial Analysis & Reporting Unit, Forecasting & Budgeting and Taxation) with strong leadership/coaching capabilities and flexibility.
• Reviewing/Auditing with close interaction for day to day operations for the respective finance teams.
• Support internal and external audit procedures, by providing necessary financial data and related analysis.
• Work closely with PWC and E &Y in assurance duties and negotiate FS before final submission.
• Follow acquisition rules for intercompany merging from proper financial and legal perspective.
• Perform exercises/ad-hoc assigned by upper management and group & satisfy department heads queries.
• Negotiate external/third parties and clients concerns on behalf of the organisation (Result driven).
• Participating in significant decision making by providing financial consultations to stakeholders.
• Comply with global standards, group policies and bylaws to promote strong ethics and integrity.
• Adherence to governmental laws and regulations and keep strong relations with local authorities.
• Mitigate threats in a risk-based corporation environment through risk averse and contingency planning.

• Prepared financial pages for presentation to senior management and quarterly LP financial reports for various venture capital funds. Furthermore, managed high volumes of financial activity in a fast-paced.
• Responsible for presenting financial analysis and reports to headquarter about running investment.
• Modified a comprehensive financial reporting package to reflect growing organizational complexity.
• Developing annual budgets in collaboration with the financial director for the reporting entities.
• Suggested budgetary changes to increase company profits through manage a $220M annual budget that grew 120% in 2 years. Also created periodic reports comparing budgeted cost pools to actual costs.
• Analyzed and researched reporting issues to achieve improvement in accounting operations procedures.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Created an analytical framework for identifying risk and developing financial growth opportunities.
• Proposed and achieved cost savings by reducing product return rates 30% while increasing sales.
• Forecasted and re-evaluated operating costs for scheduled projects by strategizing with other departments.
• Synthesised financial and budgetary information to solve problems and develop alternative solutions.
• Improved supply chain processes by implementing cross-functional efforts and BI in main operations.
• Developing a Multi-dimensional strategic plan for the assets custody and sale of group impaired assets.
• Created strategies to increase client gross margin and reduce client spending through applying Six Sigma.
• Proposed and published metrics and KPIs to be incorporated into the monthly financials and scorecards.
• Managed team of 5 members effectively & efficiently achieving successful and unique goal congruence.

• Prepared financial statements in accordance with both local GAAP & IFRS supported with commentary.
• Performed monthly and year end closing (book-keeping, Posting entries to GL, Balancing Trial Balance, accounts reconciliations and bank reconciliations) in addition to consolidate Intercompany transactions.
• Worked as GL accountant who maintain chart of accounts and record accurate entries on daily basis.
• Provided internal financial reports with related analysis and participated in budget preparations.
• Maintained fixed asset and capital lease modules and calculate and record monthly depreciation expense.
• Worked as A/P accountant who process vendor invoices, create payments, follow up with prepaid consumptions, accrual basis alignment and provide disbursement schedules. (for 9 months of rotation)
• Worked as A/R accountant who control receivables accounts (NRV), credit control, manage revenue and oversee provision of doubtful and write-offs in addition to provide aging analysis. (13 months of rotation)
• Worked as treasury accountant managing expenditure and collections, prepare cash projections and cash flows, follow up with L.Gs & L.Cs and manage commercial bank accounts (overdraft and lines of credit).
• Supported external auditors in year-end audit through provide balance sheet, PnL and accounts analysis.
• Controlled inventory and monitor physical count activities using FIFO method for evaluation and pricing.
• Filed tax returns and prepared governmental reports in compliance with strict and attainable standards.
• Drafted the complete annual audit reports with balance sheet analysis including all footnote disclosures.
• Optimised research and development (R&D) spending through collaboration with key business leaders.
• Controlled financial trends and provided financial analysis to global management with recommendations.
• Collected and reported monthly expense variances and explanations over insightful observations.
• Worked closely with management at the project level to ensure anticipated expense plans are achieved.
• Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
• Performed periodic budgeting/modelling to project monthly cash requirements with tight deadlines.

• Oversight of incremental operating schemes and standardizing time span for the fiscal year audit.
• Plans financial audits by understanding, collating, checking and analysing (spreadsheet data).
• Examining and testing company accounts, GLs, TB, BS, P&L, reports and financial control systems.
• Checking that financial reports and records are accurate and reliable (collateral to documentation).
• Provides financial control information by collecting, analysing and summarizing data and trends.
• Prepare, analyze, and verify annual reports, financial statements, income & other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
• Assessing accounting systems for efficiency and compliance with proper accounting procedures.
• Taking inventory to verify ledgers and reviewing taxpayer’s accounts to determine tax liability/asset.
• Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
• Ensuring that assets are safeguarded and verifies with liabilities and undertaking reviews of wages.
• Identifying if and where processes are not working as they should, and advising on changes to be made.
• Recommending system controls and improvements to increase reliability and financial data integrity.
• Highlighting unresolved issues, preparing financial reports, financial statements and disclosures.
• Ensuring procedures, policies, legislation and regulations are correctly followed and complied with.
• Liaising with managerial staff and presenting findings and recommendations to improve protection.
• Plan and perform operational and financial audits to ensure that financial statements are fairly presented in accordance with local GAAP and IFRS and perform substantive testing of period account balances.
• Drafted and reviewed financial statement compilations before being reviewed and approved by partners.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
• Keeping up with legal requirements and applicable changes to local laws that apply to the establishment.
• Ensuring compliance with laws/regulations and confer with company officials about regulatory matters.
• Gauging and assesses levels of financial risk, by evaluating manual and internal automated processes.
• Perform tests of internal controls to ensure and determine effectiveness and reasonable assurance.
• Obtaining approaches pertaining to segregation of duties and deploying adequacy of fraud provisions.
• Analyze existing and potential risk via IRA (Inherent Risk Assessments) to hedge and manage risk.