Osama Abdelhafez, Senior Finance Manager

Osama Abdelhafez

Senior Finance Manager

Qatar Building Company

Location
Qatar
Education
Higher diploma, Management Accounting
Experience
23 years, 6 Months

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Work Experience

Total years of experience :23 years, 6 Months

Senior Finance Manager at Qatar Building Company
  • Qatar - Doha
  • My current job since April 2022

• Manage staff of financial analysts who perform divisional and branch portfolio and profit/loss analysis.
• Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
• Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
• Strong understanding of general ledger through trial balances for all companies.
• Perform all forecasting and monthly/quarterly close reporting.
• Advise and provide approval for macro enhancement and development.
• Review accounting processes and introduce accounting practices consistent.
• Perform budget oversight and develop guidance and policies regarding the payment of non-military contracts.
• Implement and streamline monthly projection process to identify potential issues in a timelier manner.
• Develop a bottoms-up financial model, operational road maps and KPIs to facilitate international expansion.
• Review contracts/orders for adequate documentation per transfer-pricing compliance and ensure appropriate timing of revenue recognition per GAAP.
• Key performance indictors: volumes, sales, margin, labor, operating expenses and EBITDA.
• Monitor authoritative guidance and conduct technical accounting research to ensure all financial statements and disclosures are presented in accordance with GAAP.
• Prepare all supporting documentation for the BOM.
• Spearhead global ERP platform data migration project to meet business operations and legal requirements for legacy business systems.
• Work closely with team to ensure customers bill timely and ensure meet targets.
• Work closely with finance executives to ensure projections and forecasts are completed timely and accurately.
• Organize logistics for every event including location, supplies, and time. Learn to plan meetings and events efficiently and effectively.
• Centralize and consolidate business unit expense reporting, accruals and analysis after a major merger.
• Review financial statements for accuracy/variances, analyze schedules and accruals, and ensure on-time submission.

Senior Finance Manager & Acting General Manager at Orientals Enterprises, Steel & Insulation Factory, Water Factory
  • Qatar - Doha
  • January 2019 to March 2022

∙ Develops financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.
∙ Accomplishes finance human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; and planning and reviewing compensation strategies.
∙ Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.
∙ Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; and implementing change.
∙ Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.
∙ Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans.

General Manager at NBK Readymix Factory
  • Qatar - Doha
  • April 2015 to October 2018

-Ensuring effective operation management.
-Guiding the whole team, institute appropriate systems for project execution and ensuring that the team decisions have the tools and information they need to make timely and profitable decision.
-Ensuring control procedures and reporting are performed on a timely basis.
-Responsibility of budgeting and business development, credit control and finance management, developing bold marketing, company structure, company policies, job description, providing training programmer to develop the team.

FINANCE MANAGER at NBK Readymix Factory
  • Qatar - Doha
  • April 2007 to March 2015

1•Accomplishes accounting human resource objectives by recruiting, selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation actions; enforcing policies and procedures.
2• Champion selection, establishing, installing, running, and maintain a reliable and robust ERP system for the operation.
3• Achieves accounting operational objectives by contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; implementing production, productivity, quality, and customer-service standards; resolving problems; completing audits; identifying trends; determining system improvements; implementing change.
4• Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.
5• Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
6• Maintains accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
7• Guides other departments by researching and interpreting accounting policy applying observations and recommendations to operational issues.
8• Maintains financial security by establishing internal controls.
9• Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.
10• Protects organization's value by keeping information confidential.
11• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
12• Accomplishes accounting and organization mission by completing related results as needed.
13• Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
14• Oversee financial department employees, including financial assistants and accountants
15• Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary
16• Track the company's financial status and performance to identify areas for potential improvement
17• Research and analyze financial reports and market trends
18• Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making
19• Review financial data and prepare monthly and annual reports
20• Present financial reports to board members, stakeholders, executives, and clients in formal meetings
21• Stay up to date with technological advances and accounting software to be used for financial purposes
22• Establish and maintain financial policies and procedures for the company
23• Understand and adhere to financial regulations and legislation.

Cheif Accountant at Naser Bin Khaled & Sons Co.
  • Qatar - Doha
  • September 2002 to March 2007

1· Formulate and implement financial accounting policies and procedures · Banking and treasury function.
2. Develop and implement effective management and financial controls.
3. Prepare budgets and business plan and subsequently measure and report performance against budget and obtain reasons on variations.
4. Provide support to the trading and inspection function in controlling the credit extended to the customers / clients/ 5. Prepare financial statements in line with statutory requirements for submission to all stakeholders.
6. Cooperation with Human Resource to achieve management policies.
7. Deal with external & internal Auditors.
8. Reviewing sales invoices and check requests.
9. Provide all required reports to management.

Senior Accountant at ARAMEX
  • Jordan - Amman
  • September 2000 to September 2002

1. Preparing, calculating, and recording all the entries related to the work..
2. Preparing the salaries, benefits, insurance & taxes of employees.
3. Preparing bank Reconciliation.
4. Preparing Income statement & Balance sheet,
5. Cooperation with Human Resource to achieve management policies.
6. Manage external & internal vendor's relations & accounts.
7. Preparing financial reports including budgets.
8. Providing all required report and charts to management.

Education

Higher diploma, Management Accounting
  • at CMA (Certified Management Accounting)
  • March 2014
Bachelor's degree, Accounting
  • at University Of Jordan
  • June 2000

Very Good Accumulated degree 3.25 out of 4.

High school or equivalent, Scientific
  • at Omar Bin Al Khattab School
  • June 1996

92% Scientific Stream.

Specialties & Skills

Microsoft Windows and MS Office (Word, Excel, Outlook, and Power point).
Management & Operation the accounting system.
Excellent report writting skills
analysis
Providing executive leadership and guidance for all departments.
Having experiance with many accounting systems, Oracle, SAP and others.
Having experience in ERP implementation project, SAP.
annual budgets
accounting
team management
team leadership
teamwork
payroll
key account management
mis reporting
planning
marketing management
negotiation
problem solving
operation
market research
Treasury Management
Working Capital Management
Auditing
Finance
Budgeting
Management
Financial Management
Financial Accounting
Financial Reporting

Languages

Arabic
Native Speaker
English
Expert