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Elsayed Alshahat, Head Of Finance

Elsayed Alshahat

Head Of Finance·WIS Consultancy.

Egypt

Bachelor's degree, Accounting And Finance

Work experience

Total years of experience: 19 years, 7 months

Head Of Finance

August 2023 - Present

WIS Consultancy.

Cairo, Egypt

August 2023 - Present

Duties and Responsibilities:
 Manage all accounting transactions, Prepare budget forecasts.
 Preparing financial statements, Handle monthly, quarterly, and annual closings.
 Reconcile accounts payable and receivable, Ensure timely bank payments and
collection.
 Preparing the VAT report and VAT online account then Submit the report Online.
 Costs analyses -The total direct cost of the total revenue including staffing costs,
system costs, overheads, and any other expenses.
 Marketing KPIs - such as Customer Acquisition Costs, Lifetime Value, Profitability,
Ad Expenses, and other marketing costs.
 Create strategic business plans based on the analysis of the company’s status and
financial forecasts.
Company industry:
Marketing
Job role:
Marketing and PR

Financial Manager

July 2018 - Present

Alsherif Brands Egypt

Cairo, Egypt

I found this job using Bayt.com

July 2018 - Present

Duties and Responsibilities:
• Driving the company’s financial strategy and planning throughout the Financial Practice.
• Implementation of accounting information system.
• Overseeing periodic reports preparation and presentation including the Budgeting and Auditing.
• Preparing the VAT report and VAT online account then Submit the report Online.
• Managing the daily operations of the accounting department
• Managing internal controls.
Company industry:
General Engineering Consultancy
Job role:
Accounting and Auditing

Finance Manager

December 2012 - June 2018

Mobile business Ltd. (MBuzz)

Riyadh, Saudi Arabia

December 2012 - June 2018

• Developing and Managing financial system, Coordinating the development of financial policies and procedures.
• Management of the computer system Microsoft Dynamics AX.
• Preparing reports, budgets, accounts, Financial Statement.
• Monitor and control cash flow in order to maintain the ongoing financial health of businesses.
• Monitor stock levels and perform inventory reconciliations.
• Payroll System and bank Electronic services, negotiating interest rates and maintaining relationships with the banks.
• Supervising the accounting staff.
• Coordinate with external auditors for year-end audit and finalization of audited financial reports.
• Reviews the accounting documents to ensure accuracy of information, calculations, and make the necessary entries.
Company industry:
Telecommunications
Job role:
Finance and Investment

Senior Accountant

December 2011 - December 2012

Mobile business Ltd. (MBuzz)

Riyadh, Saudi Arabia

December 2011 - December 2012

• Established the Components of the Accounting System. responsibility for the accounting system
• Management of the computer system
• Manage and controls the tasks and activities of general accounting, Payroll, receivable, payable, and day to day accounting works, ensuring that all transaction are recorded property.
• Administer accounting systems, implement internal controls, accounting policies and procedures and ensue the effective and efficient financial reporting
• Ensure updated books of accounts and prepares financial statement
• Recommends selection of accounts staff, trains staff in work procedure,
• Coordinate with external auditors for year-end audit and finalization of audited financial reports
• Assist the general manger in preparation and consolidation of annual budget
• Monitors the various ledger accounts like revenue, expenditure, receivable, payable, cash balance, dividends and prepares the reports as requested by mangers.
• Reviews the accounting documents to ensure accuracy of information, calculations, and make the necessary entries
• Manage and control fixed assets accounting.
Company industry:
Telecommunications
Job role:
Accounting and Auditing

Financial Controller

September 2008 - December 2012

Fugro Maps

Riyadh, Saudi Arabia

September 2008 - December 2012

• Compiled periodic financial reporting packages for Chief accountant
• Prepared financial reports, developed budgets and performed variance analysis in accordance with business plan.
• Prepared weekly and monthly cash flow.
• Performed fixed assets processing and reporting.
• Carried out general ledger functions, including account analysis and reconciliation, journal entries and AR/AP.
• Prepared monthly/quarterly financial statements, financial forecasts and budgets.
• Handle all bank related transaction.
• Monitors and make the necessary adjustments for the due to and due from transactions, tracking projects with calculation of percentage of completion, and make necessary adjustments for WIP, unbilled revenue, and unearned revenue.
• Liaison with auditors, banks and other companies on behalf of the company.
• Financial and profitability analysis on a requested basis.
• Followed internal controls.
• Dealing with tax issues
Company industry:
IT Services
Job role:
Accounting and Auditing

Accountant

June 2008 - September 2008

Marwan Bawazeer Trading Est.

Riyadh, Saudi Arabia

June 2008 - September 2008

• Documents financial transactions by entering account information.
• Recording in the accounting books.
• Sharing in preparing the trial balance ( monthly)
• Sharing in preparing the final accounts ( balance sheet, income statements, cash flow statements )
Company industry:
Fashion Design
Job role:
Accounting and Auditing

Accountant Trainee

February 2008 - April 2008

Accountants Training Academy – Egypt.

Cairo, Egypt

February 2008 - April 2008

• Recording in the accounting books.
• Sharing in preparing the trial balance ( monthly & yearly)
• Sharing in preparing the final accounts ( balance sheet, income statements, cash flow statements )
Company industry:
Accounting
Job role:
Accounting and Auditing

First Lieutenant(Administrative Affairs)

June 2006 - September 2007

Egyptian Minister of Defense and Military Production

Cairo, Egypt

June 2006 - September 2007

• Control over the Military Covenant :
Delivery and receipt of the Covenant and the inventory, and soldiers Clearances.
• Purchases of fuel, food, clothing Services:
Follow-up to the procurement process, and the implementation of the purchase, and oversee the receipt and delivery of purchases to the concerned party.
Company industry:
Military & Defense
Job role:
Administration

Education

Zagazig University

June 2004

June 2004

Bachelor's degree, Accounting And Finance

Egypt

GPA (percentage): 60%

GPA (percentage): 60%

General courses in economics, management and accounting, mathematics and statistics, insurance and computer, Undergraduate college accounting department: Assets accounting, corporate accounting, government and national accounting, cost accounting, auditing, tax accounting, accounting systems, specialized establishments accounting, management accounting, operations research
View attachment

Skills

Cash Flow & Treasury Functions
Expert
Cash Flow & Treasury Functions
Expert
General Ledger Reconciliation
Expert
General Ledger Reconciliation
Expert
Preparation of Daily Weekly Monthly reports
Expert
Preparation of Daily Weekly Monthly reports
Expert
Accounting Analysis
Expert
Accounting Analysis
Expert
Good ability in using Microsoft Office application
Expert
Good ability in using Microsoft Office application
Expert
• Ability to work cooperatively and collaboratively with all levels of employees and management
Expert
• Ability to work cooperatively and collaboratively with all levels of employees and management
Expert
• Work on accounting program (PEACH TREE).
Expert
• Work on accounting program (PEACH TREE).
Expert
• Work on accounting programs ( SMART ) for installments and Trading ( accounting , inventory , sale
Intermediate
• Work on accounting programs ( SMART ) for installments and Trading ( accounting , inventory , sale
Intermediate
• Very good using of Microsoft office applications.
Expert
• Very good using of Microsoft office applications.
Expert
• Ability to meet communicated schedules and deadlines.
Expert
• Ability to meet communicated schedules and deadlines.
Expert
• Strong computer skill.
Expert
• Strong computer skill.
Expert
Work on ZOHO books programs
Expert
Work on ZOHO books programs
Expert
• Strong understanding of accounting theory.
Expert
• Strong understanding of accounting theory.
Expert
Microsoft Dynamics AX Technical Implementation
Intermediate
Microsoft Dynamics AX Technical Implementation
Intermediate

Languages

Arabic

Expert

English

Expert

Memberships

Tojareen

accounting

February 2010

Training and Certifications

Certifications
ICDL
Sep 2004
Show credentials
Accounting
Feb 2008
Show credentials
Training
English
Riyadh international languages Academy
Jan 2009
VAT
SOCPA
Oct 2017
IFRS
Ernst & Young
Sep 2014
CMA
Egyption Commercials Society
Jun 2011

Recommendations

Ajay Ramachandran

Mar 2012

Mar 2012

Senior GIS Technologist•Colleague

I have known Sayed from my days at Fugro Maps Riyadh. He is an excellent person to work with. He is diligent and honest. He has worked with people from different countries. He is a good team player.

Hobbies and interests

Reading

What Got You Here Won't Get You There, Who Moved My Cheese?