Mostafa El Malt, FINANCE PROFESSIONAL / SAP FICO CONSULTANT

Mostafa El Malt

FINANCE PROFESSIONAL / SAP FICO CONSULTANT

Mustafa Sultan Enterprises

Location
Oman - Muscat
Education
Bachelor's degree, Accounting
Experience
14 years, 11 Months

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Work Experience

Total years of experience :14 years, 11 Months

FINANCE PROFESSIONAL / SAP FICO CONSULTANT at Mustafa Sultan Enterprises
  • Oman - Muscat
  • My current job since January 2017

SAP FICO Support Consultant
◆ Proficiently configured General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Asset Accounting (AA), and Master Data Management modules.
◆ Demonstrated adeptness in comprehending intricate business process requirements and devising tailored system solutions.
◆ Executed comprehensive data integrity assessments and operational scenario tests, successfully pinpointing implementation gaps.
◆ Proficiently contributed to the development of blueprint, As-Is, and To-Be documents, alongside the creation of GAP analysis documentation.
◆ Generated functional specifications for ABAP developers, facilitating the creation of tailored reports/forms aligned with user needs.
◆ Orchestrated the meticulous preparation of financial statements and profit and loss analyses and conceived a global chart of accounts and customer/vendor master concept across 12 company codes within the MSE framework.
◆ Led the design of revenue structures across multiple company codes, implemented a global approach, and pioneered the implementation of a two-step billing process in MSE, harmonizing accounting practices.
◆ Successfully introduced a comprehensive Human Capital Management (HCM) solution, encompassing hybrid processes across the group also contributed to the implementation of SAP VAT transformation within the MSE context.
◆ Designed and validated aging reports for Accounts Receivable, Accounts Payable, Inventory, and Unbilled Deliveries.
◆ Assumed complete responsibility for end-to-end implementation of the HCM-Payroll Module.
Finance Analyst
◆ Streamlined and consolidated comprehensive Group Management reports, including detailed analyses and supporting schedules.
◆ Prepared extensive operational and financial budget packages, delivering monthly variance reports to pertinent business unit heads and top-level management.
◆ Led the preparation and assessment of daily cash flow and monthly cash forecasts, collaborating with Treasurers and Executive Managers. Pioneered a cash flow reporting system, focusing on aspects such as LCs, Refinancing, CAPEX, debt payments, and Free Cash Flow.
◆ Actively participated in the development of policies, procedures frameworks, and systems, aligning the function with Finance policies, the Group's strategy, and objectives.
◆ Orchestrated precise Head Office (HO) Allocations strategies, and directed the cost analysis process, establishing and enforcing procedures, providing trend analyses, forecasts, and actionable insights.
◆ Skillfully developed and executed Head Office (HO) allocation strategies, optimizing resource distribution between companies and segments.
◆ Maintained up-to-date technical expertise through active participation in workshops, publications review, and attendance at work-related seminars.
◆ Played a pivotal role as a core team member in the early stages of business VAT and SAP VAT transformation, as well as IFRS 9, 15, and 16 transformations and implementation.

SAP FICO Support/Chief Acountant at Al Nasser Group
  • Saudi Arabia - Riyadh
  • January 2015 to December 2016

SAP FICO Support

◆ Undertook configuration tasks for General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), and Asset Accounting (AA) modules.
◆ Provided vital post-go-live support and configuration preparation, ensuring system stability.
◆ Contributed to the creation of AS-IS and TO-BE documents, actively supporting GAP analysis.
◆ Produced comprehensive training manuals and user-centric documents.
◆ Collaborated seamlessly with cross-functional modules to ensure effective integration.

Chief Accountant
◆ Orchestrated comprehensive management of tax-related matters, including Zakat and Withholding Taxes, and rigorously reviewed and validated Payroll, Overtime Payments, and Incentives, ensuring promptness and accuracy in disbursements.
◆ Devised and refined daily cash flow and monthly cash forecast processes for the Treasury and Executive Management teams. Spearheaded the development of a strategic cash flow reporting system, focusing on LCs, Refinancing, CAPEX, debt payments, and Free Cash Flow to maintain optimal liquidity.
◆ Successfully led the meticulous financial month-end closing process, guaranteeing precision and clarity. Prepared a Monthly Management Reporting package with timely submissions, accompanied by thorough variance analyses.
◆ Ensured the preparation of Financials aligned with both SOCPA and IFRS standards, and spearheaded Physical Inventory verification and the assessment of Fixed Assets, ensuring accuracy and accountability.
◆ Oversaw financial reporting processes, diligently reviewing management reports, tracking progress against budgets, and conducting monthly/quarterly performance reviews for both the Group and Business Units.
◆ Orchestrated the preparation and evaluation of daily cash flow and monthly cash forecasts for Treasurers and Executive Managers.
◆ Prepared a Monthly Management Reporting pack, guaranteeing timely submission and detailed variance analysis.
◆ Skillfully managed letters of credit, letters of guarantee, and refinance, building and maintaining strong relationships with banks while ensuring precise account reconciliation.
◆ Produced ad-hoc management reports in response to high-level management requests and meticulously maintained master data, including the Chart of Accounts, within the ERP system.
◆ Managed staff advances, IOUs, and loan deductions, collaborating with HR to review salaries, validate deductions, and ensure accurate system bookings.
◆ Shouldered responsibility for provisions, depreciation, accruals, prepaid items, reversals, sales commissions, bonuses, end-of-service benefits, accrued vacations, and air tickets on a monthly basis.

Reporting, Planning, Budgeting Accountant at Al Nasser Group
  • Saudi Arabia - Riyadh
  • December 2012 to December 2014

• Formulation, preparation, monitoring and presentation of Monthly management reporting in accordance with the set objectives, targets, policies, procedures and controls.
• Provide detailed analysis on the financial implications of business activities
• Manage financials reporting processes by reviewing management reports, monitoring progress against budget and carrying out monthly/quarterly reviews of Group and BUs performance.
• Generate ad-hoc management reports requested by the high management.
• Maintenance of masters (Chart of Accounts) in ERP
• Monitor and maintain period opening / closing process.
• Staff advance, IOU & Loan deduction & Monthly reconciliation, Review Salaries with HR, check deduction, and booking in system
• Estimated / Standard Cost & Landed Cost reviewed on Monthly basis
• Responsible for All provision, Depreciation, Accrual, Prepaid, reversal, Sales commission, Bonus, End of service benefits, Accrued vacation, Air tickets etc. On monthly basis.

Senior Accountant at Smash Trading Group
  • Egypt - Cairo
  • April 2012 to November 2012

• Responsible for the general journal and monitoring debtors and creditors.
• Managing, controlling and monitoring the retail branches transactions through Microsoft Dynamics Retail Management System 2010
• Controlling and Monitoring the bank position and it’s daily transaction
• Prepare and manage the fixed asset module starting with adding a new asset till its disposal passing with all its stages life.
• Controlling and Monitoring the whole Consignment channel starting from issuing goods till collection from the representatives

Financial Accountant at Microway systems
  • Egypt - Cairo
  • April 2010 to March 2012

• Extract and interpret document’s info into the financial records (preparing the journal entries).
• Responsible for the general ledger including its subsidiaries.
• Prepare and manage a highly required Analyzing reports to the financial manager (cash inflow and outflow daily report - direct & indirect expenses full analysis - indirect revenue full analysis -(A/Receivable A/Payable aging report).
• Prepare, update and monitor the Bank position, preparing a monthly bank reconciliation statement.
• Prepare and submit the payroll sheet to the financial manager on a monthly basis.

A/R Accountant at Microway systems
  • Egypt - Cairo
  • May 2009 to March 2010

• Responsible for the invoice processing (Sales Order - Invoice - Inventory)
• Follow up the collection from the clients (Collection Report).
• Prepare and submit daily required reports (A/Receivable Aging - Collection rate analysis - Outstanding invoices).
• Feed up the financial accountant with a sales report on a daily basis
• Mange and Analyze the client’s balances, and their credit lines with an immediate full exposure of any client position.
• Control and monitor the credit Notes issued to the client.

Education

Bachelor's degree, Accounting
  • at El Menofia University
  • June 2008

4 years of accounting, finance,Economics studies

Diploma, IT
  • at ICDL Certificate Syllabus version 3.0
  • July 2006

certificate for office

Diploma, Accounting
  • at A.T.A (Accountant Training Academy)
  • July 2005

Diploma for banking costing and computerized accounting

Specialties & Skills

Reporting
Microsoft Excel
Dynamics
MS Office package
Working with several Accounting Software
Operating system : All Microsoft versions
o Able to initiate and manage Social Media Marketing o Time management and Building Professional Con
Hardware, Software installation, Maintenance, and Effective internet researcher
o Attended training course about the ERP system Oracle Financial Applications R12.
o One of the core members and the key person in preparing and maintaining the master data for SAP E
o Intensive experience with Microsoft Dynamics Great plans 2010 with ability to solve lots of functi
o Intensive experience With Microsoft Dynamics Retail Management System 2010 with ability to manage
ERP SAP ECC6
mis reporting
team management
planning
microsoft excel
payroll
annual budgets
sales tax
accounting

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

Arabic
Expert
English
Expert

Memberships

ICPM (Institute of certified professional managers
  • CM No. 13081
  • August 2016

Training and Certifications

CERTIFR Diploma Registration Number: AD40858 (Certificate)
Date Attended:
May 2016
Valid Until:
January 9999
Train the trainer (Training)
Training Institute:
Brilliance Business School
Date Attended:
January 2015
Planning & Distribution (Training)
Training Institute:
Brilliance Business School
Date Attended:
January 2015
CMA course (Training)
Training Institute:
SCADA
Date Attended:
July 2009

Hobbies

  • Reading
    History Science Arts Literature Novels