Accounts Manager
Egyptian Saudi Health Care Company - Saudi German Hospital
Total years of experience :21 years, 11 Months
Reporting to:
Finance Manager;
Chief Executive Officer; and
Group’s Corporate Department.
Heading/ Supervising:
Accounting staff including GL, AP, AR, CM, Payroll, Fixed Assets, Warehouse and Taxation.
My responsibilities include:
Overall supervision and management of the Accounts Department;
Assisting the Finance Manager in day to day activities and management reporting;
Preparation of periodical as well as annual financial and cash flow statements in accordance with requirements of International Financial Reporting Standards (IFRS) that includes inclusion and completeness of disclosures required to be made in accordance with IFRS;
Detailed analysis of the financial and cash flow statements and reporting the variances and ratios with comments and reasoning;
Supervising and reviewing taxation matters in coordination with the consultants relating to salaries, sales, withholding, stamps and corporate taxes under the Egyptian Tax Laws;
Assuring submission of various documents/forms to the relevant authorities within the stipulated time frame;
Meetings with Internal Auditor including clarifications/explanations on queries raised and replying to the their reports;
Conduction and finalization of the process of the external audit till issuance of the audited financial statements along with auditor’s report; and
Handle matters relating to the banks including Letter of Credits, corporate finances etc;
Reporting to:
Finance Manager;
Chief Accountant;
General Manager;
Project Manager; and
Group’s Corporate Department.
Heading/ Supervising:
Accountant;
Assistant Accountant;
Store Accountant;
Tax Accountant;
Purchaser;
Store Department including Store Keeper and Assistant Store Keeper.
My responsibilities include:
Preparation of periodical as well as annual budgets;
Preparation of variance analysis and reporting reasons of major variations to the management;
Preparation of periodical as well as annual financial statements in accordance with requirements of (IFRS) that includes inclusion and completeness of required disclosures;
Review of numerous reports required by the management;
Review of: monthly bank reconciliation statements, periodic reconciliation of accounts with customers and suppliers, reconciliation of stock in hand with the balance appearing in the books of account etc;
Ongoing review and update of the design and operations of the accounting and internal control systems;
Highlighting weaknesses in the accounting and internal control systems and giving recommendations for improvements;
Performing analytical review of the financial statements including analysis of liquidity, profitability and gearing ratios;
Highlighting major variations in ratios and identify reasons of the same and reporting the matter to the management along-with recommendations for improvements;
Preparation of computation of chargeable income and tax payable thereon in accordance with the requirements of Egyptian Income Tax Laws;
Periodical review of withholding and sales tax payments in accordance with requirements of Egyptian Income and Sales tax laws and regulations;
Liaise with Internal and External Auditors;
Handle issues relating to the banks;
Coordinate with Tax Consultants for issues relating to Corporate, Sales, Salaries, Withholding taxes and opinion on different taxation matters;
Overall in-charge of audit, assurance, accounting and related services department.
Reported to:
Firms Proprietor
Headed/Trained/Supervised:
Around 15-20 CA and ACCA trainee students and staff members.
Achievements:
Twice secured Satisfactory rating for the firm under Quality Control Review Program of ICAP.
External Audit:
Review of working paper files;
Drafting management letters;
Drafting reports including audit, assurance and review reports in accordance with the requirements of ISA;
Checking accuracy and completeness of disclosures in accordance with the requirements of (IFRS) and (IAS);
Performing analytical review including ratios and gross profit analysis and identification of any significant variations and discussing its reasons with the management; and
Training and supervision of junior staff members.
Internal Audit:
Designing accounting and internal control systems;
Continuous monitoring of the design and operation of the accounting and internal control systems;
Discussion with management for any weaknesses in the accounting and internal control systems and giving recommendations for improvements with a focus on prevention and detection of frauds and errors; and
Training and supervision of junior staff members.
Business Process Outsourcing:
Supervising Business Process Outsource Department that provides services to clients from small to medium sized organizations;
Responsibilities include:
(a) Compilation of periodic as well as annual financial statements in accordance with IFRS, International Accounting Standards and the Companies Ordinance, 1984;
(b) Feasibility studies, projection and forecasts;
Corporate Laws:
Preparation and review of statements required to be filed under Companies Ordinance, 1984;
Preparation of books/registers including minute book, share register etc required under the Companies Ordinance, 1984;
Replying to notices received from Securities and Exchange Commission of Pakistan;
Drafting opinions required by clients relating to corporate laws;
I have also completed Certified Accounts Manager from World Bank and Government of Pakistan. I have also international exposure of audit, tax and consultancy. I am also Certified Internal Controls Auditor (CICA) from the Institute of Internal Controls, USA