مصطفى بركات

Key Responsibilities:

Accounting & Finance • Lead and direct the finance team with overall control of the company’s accounting and finance function to optimize the company’s financial performance and strategic position.
• Responsible for all financial aspects of the company strategy including financial planning and developing financial management mechanisms that minimize company’s financial risk.
• Monitor and analyze accounting data, oversee maintenance of accounting records for each transaction, verify accounting heads assigned to transactions and ensure appropriate preparation of general ledgers, trial balance and financial records.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans for maintaining the financial health of the organization.
Budgeting & Fund Management • Oversee the investment of funds, identify and manage associated risks, supervise cash management activities of the group, and execute capital-raising strategies to support the company’s expansion plans.
• Coordinate with banks and other financial institutions to arrange funds for OPEX and CAPEX requirements and enhancement of limits; arrange the bank facilities requests for the working capital, business operations and investment projects, negotiate the borrowing rates and conditions of facilities with banks.
• Collaborate with management on development and execution of funding strategies; advise/recommend management on cost saving, profit generation opportunities and profitability improvement.
• Develop monthly/annual budget; control the budget operating cost, capital budget and cost allocation methods for the indirect cost; report to management on variances from the established budget along with the reasons for those variances.
• Monitor and interpret cash flows and predict future trends, ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements.
Financial Analysis & Reporting • Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company; present potential scenarios and outcomes to the senior management team.
• Analyze financial information detailing liabilities, assets and capital as well as prepare balance sheet, profit & loss statement and other reports to interpret present financial conditions and future financial trends.
• Attend monthly and quarterly business reviews with the CXOs and Business Heads; review, analyze and finalize financial reports, accounting reports, trial balance and various reconciliation statements, ensuring compliance with IFRS.
• Prepare timely and detailed reports on company’s financial performance on a quarterly and annual basis including profitability report, monthly profit & loss, balance sheet, cash flow statement, working capital statement and cash flow projection.

Key Responsibilities:
• Provided a leadership role in all aspects of the company’s financial operations and a multitude of accounting tasks; drove the financial planning of the company by analyzing its performance and risks; supervised all accounting and finance personnel.
• Managed and controlled the daily operations of the company including month-/year-end activities, AR/AP, general ledger, cash forecasting, budgeting, revenue and expenditure variance analysis, fixed asset and debt activity.
• Monitored and reviewed accounting data, verified transactions to assess the accuracy of journal entries, scrutinized income-expenditure, evaluated ledger postings and supervised the closure of daily and monthly books of accounts.
• Directed the preparation of the budget, financial forecasts and conducted variance analysis to determine projected vs. actual; noted variance and implemented corrective actions during the next budget cycle.
• Prepared the cash flow analysis periodically, analyzed the income statement, identified cost-reduction opportunities and recommended the means to decrease expenses; developed financial mechanisms that minimize financial risk of the company.
• Forecasted cash flow positions, related borrowing needs and available funds for investment; ensured that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Analyzed, evaluated and reconciled complex financial data to arrive at accurate conclusions and recommendations; reviewed and verified the accuracy of financial data and information.
• Coordinated with auditors (statutory and internal) and government agencies/departments to ensure compliance with statutory and internal control and policies; built healthy business relations with auditors, bankers and other financial institutions.
• Developed and implemented accounting and financial policies, procedures and tracking systems for various functional areas, while ensuring adherence with accounting standards, policies and procedures.
• Analyzed financial performance against key business metrics and documented pertinent financial highlights to enable the management to determine progress against budget.
• Steered recruitment and retention for various departments of the company along with HR issues resolution; allocated tasks to the finance team, evaluated performance against defined parameters and provided feedback to enable improvements.
• Managed company’s internal and external financial reporting including financial statements, budget variance reports and financial performance reports for management to monitor company’s financial status.