Deputy Financial Manager
National company for fertilizers and chemical products
Total years of experience :22 years, 4 Months
• Manage the company's financial accounting and reporting systems
• Monitor the day-to-day financial operations within the company
• Ensure compliance with accounting policies and regulatory requirements
• Build relationships with banks and evaluate different funding sources
• Advising on investment activities and provide strategies that the company should take
• Reporting to management and stakeholders, and providing advice how the company and future business decisions might be impacted
• Monitoring the company's financial systems to ensure providing accurate, relevant, and timely information necessary to establish/monitor progress related to management objectives.
• Reviewing, monitoring and managing budgets
• Producing financial reports related to budgets, account payables, account receivables, expenses etc.
• Providing insights on the financial health of the organization
•Preparing and reviewing Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement) on a Monthly and Annual Basis.
•Supervising overall accounting function and operations.
•Carrying out all necessary day to day accounting responsibilities, including journal entries, accounts payable/ receivable, bank deposits, invoicing, collections, etc.
•Monitoring the company's financial systems to ensure providing accurate, relevant, and timely information necessary to establish/monitor progress related to key management objectives.
•Developing accounting system, participating in the preparation of the internal accounting cycles.
•Reviewing the bank reconciliation on a monthly basis.
•Coordinate in the preparation of the annual Budget.
•Review and analyze monthly comparison between Budgeted Operating Expenses & Actual Operating Expenses Related to each Department. & Financial Statements.
•Carrying out all taxation Activity (VAT, Withholding, Stamp, and Income Tax).
Accounts Payable Section Head
Building Materials Industries Co. - BMIC
This company one of The Newest Companies works in the field of cement Production and considered a promising company in this field in
Egypt.
*Job responsibilities include:
• Responsible to maintain well controlled and effective functionality of respective assigned area i.e. (Foreign Supplier & Insurance, Fixed Assets and Local Suppliers)
• Monitors and ensure the accurate timely processing of supplier payments as per the company's policies and procedures
• Responsible to attain all the required documentation and necessary approvals for the payments processing i.e. LC, Letter of guarantee etc.
• Responsible to monitor and tracking of all the capital expenditures and fixed assets as per the company's policies and procedures.
• Coordinate with the respective functions to expedite the required documentations and confirmations from their end to process and record the payments and goods received.
• Responsible to maintain the tracking of insurance claims and its reimbursement as per contracts.
• Monitor and verify the contracts prior payments of all the supplier i.e. (Rental, Leasing and Supplier Payments)
• Coordinate with the other functions and ensure that all the purchasing and expenditure are in line and as per plan.
• Responsible to satisfy suppliers in case of any queries and ensure the proper and good relationship with all suppliers.
• Responsible to attain balance confirmations from all suppliers.
* Monthly Financial Closing
• Ensure timely and accurate financial closing of respective areas.
• Ensure to verify all expenses and accruals prior and after posting.
• Responsible to review all related reconciliations and schedules with line manager.
• Provide timely and effective feedback over the supplier payments flow to line manager.
• Provide the assistance and support on special assignments and tasks.
• Provide analytical analysis and support during system implementations and modifications.
• Compliance to all company Policies and Procedures.
• Accounts due to be paid - timely and accurate.
• Safeguarding company assets (Disbursements)
• Proper control procedures in place.
• Reconciliation of AP to GL account
• Periodic reconciliation between AP statement and AP Ledger.
• Timely & accurate reporting
• Credit facilities at plan or better rates.
• On time closing at month end
• On time monthly reporting
• Accurate and on time analysis of ad hoc tasks and projects.
- July 2007: June 2010
Accounts Receivable Section Head
ASEC FOR CONSTRUCTION AND INDUSRRIAL PROJECTS
(ARESCO)
This company one of ASEC holding for cement projects works in the field of
Building cement factories and considered the biggest company in this field in
The Middle East.
*Job responsibilities include:
- Issuing the invoices to the clients according to approved progresses
Which prepared by project manager
- Prepare the monthly projects reports which clarify the amounts of the
Contracts, date of start and completion, progress, remaining and collected
Amounts.
- Prepare the weekly overdue aging report.
- Following the collection of the issued invoices and releasing of the retention
Amounts
- Following the reduce of down payment L/G amount according to the deducted
Amounts from invoices as a release for down payment.
- Prepare the monthly sales JV.
- Prepare the monthly accounts receivable adjustments JV.
- Prepare the annual accounts reconciliation with the clients.
- Following the payment of the contracting social insurance amount.
- Jan 2002: June 2007
Accountant
United Investment Group (Univest)
This group consists of three companies work in manufacturing and trading
Catering equipments, restaurants management and fries production, and
Considered as an Egyptian market leader in the field of catering equipment.
* Job responsibilities include:
• In charge of suppliers account.
• Preparation general ledger entries.
• Handling A/P accounts (receiving invoices, issuing checks)
• Handling A/R accounts, issuing invoices.
• Preparing bank reconciliation &handling bank administration.
• Follow-up and review petty cash payments (on a weekly basis) as well as its reconciliation
Bsc.of commerce, accounting department, Cairo University (2001) Degree: GOOD. Accounting Application System: - Good Working on SAP Financial ERP System. - Good Working on Comsys Financial System. General Courses: Basic Business Skills Acquisition Program (BBSA) administrated by AMIDEAST/KNOWLOGY, under the auspices of the Future Generation Foundation (FGF) Course includes: • Presentation skills. • Management skills. • Business English. • Business Writing. • Microsoft Office &Internet. • Lectures in marketing, sales, finance, accounting by "TEAM" and "PMEC".