Head of Revenues Section
Qatar Ports Management Company " Mwani Qatar "
Total years of experience :18 years, 4 Months
Position : Head of Revenues Section, Cash controller, Assistant Manager for Investment sector & Fixed Assets Unit supervisor.
Responsibilities:-
- Leading and supervising Team of Accountants (headquarter & ports).
- Prepare monthly report for all types of revenues compared with the same period for last year and discuss the variation.
- Accomplish new & effective procedures between Mwani Qatar & the Doha port operator (Qatar Navigation-Milaha).
- Ensure the implementation of all clauses of Doha Port management & operation contract between Mwani Qatar & the operator (Milaha).
- Review all cash receipt issued from Doha port operator to consignee.
- Review all invoices issued from port operator (Milaha) to shipping agent.
- Review all Debit & credit Memos received from Doha port operator and ensure the Validation of those Memo based on the contract or head of Doha port.
- Review the joint bank account between Mwani Qatar & Doha port operator.
- Prepare monthly balance confirmation between Mwani Qatar & Doha port operator and make reconciliation for the difference between the balances (If any).
- Daily Review the deposits on our revenues bank account and contacting with the cashiers and make reconciliation.
- Review all Mwani bank accounts and responsible for transfer between them.
- Contact with the all shipping agents to follow up for the monthly payment and to remove any obstacles facing them.
- Monthly Balance confirmation with shipping agents.
- Making register for all leased units contain name of the unit, name of the tenant, contract period, last payment, Mwani cash receipt No., accrued revenue, advance revenue, guarantee type, guarantee amount and contact person.
- Financial investment (available for sale) evaluation and accounting treatment.
- Regular follow up for the prices and the market status and prepare timely reports.
- Monthly report for cash on hand and at banks related to liquidity and cash management.
- Review the interest income for the fixed deposits and make report for the new offers from the banks regarding the interest rate and deposit period.
- Participate in initial vision for new port project (Mesaieed area) early operation.
- Participate for making first time effective budgeted financial statements for the year end 2015.
- Accomplish calculating of proposed rental fees for barge, speed & service Boats used in special operation (cost + Gross profit margin).
- Accomplish the special operation (rental process) Maps & Procedures to discuss the steps between client or accredited shipping agent, Marine service department, Barge/Boat crew and finance & account department(revenue section).
- Team supervisor for tagging, coding, searching for cost and purchase date for all company fixed assets from 2009 to activate the new F.A program and establish procedure for tagging and coding new F.A purchased according to company capitalization police.
- Following up with audit bureau and external auditors.
Responsibilities:-
- Progressive audit in diverse business sectors of insurance, finance, Real Estate, construction, manufacturing, trading, oil and gas, hospitality industry, computer technology, cargo forwarding, leasing and service organization.
- Prepare & presenting interim, standalone and consolidated audited financial statements for the various sector in accordance with IAS/IFRS.
- Progressive audit experience in Audit Planning, Interim audit, and substantive test series.
- Performing test of controls in the interim period to have a reasonable assurance that the controls are operating effectively with professional standards and the standards of quality.
- Understanding the business and internal control of the mentioned institutions and identifying weakness points of those systems.
- Prepare the preliminary annual audit schedule determining staffs availability, clients and periods to be reviewed, date of starting and finishing field work.
- Sending annual audit requirement letter to our clients before the end of the period to be reviewed
- Supervise the audit teams in Audit fields' work at the followings:-
• Obtain initial requirements from the clients, to complete the permanent and temporary files.
• Internal controls assessments to obtain understanding of the risk related to internal controls through narrative descriptions or surveys, and make the necessary test of controls as a step to determining the sampling size
• Perform audit procedures that described in the audit program to test assertions related to the financial statements
• Obtain the reasonable assurance about the fairness of the financial statements and its related disclosures accordance to IAS/IFRS.
• Review audit files with all seniors' auditors under my supervision to ensure the adequacy of the working papers and evidential matters which are the basis of the auditor opinion
• Review the engagement factors to ensure that engagement is performed with quality, team is developed and objectives are assured
• Performing exit interview with client's management to discuss all findings appeared through auditing the financial statements and our recommendations, and follow up those notes to facilitate the issuing of the External Auditor Report.
- Giving Counseling for some financial matter to consulting department.
- Supervising on Accounting team members (Outsourcing accounting services to various clients)
- Carrying out tax consultancy service including submission of tax declaration, following up with tax authority for finalizing of tax return and final clearance, applying for tax card and assignment related to WHT and any other tax service.
- Comprehensive knowledge of new Tax Law 21 of 2009 and QFC Tax Regulations including the With Holding Tax(WHT)
Main Clients:
- GIG - Gulf Investment Group - (1St quarter)
- Gazprom-Russian company in field of gas
- Saad Buzwir Auto Leasing
- Qatar Bima International
- Shannon Trading & Contracting
- Al Motawaqil for Road Construction
- Al Sanable Trading, Contracting & Transport
- Qatar Development for Trading & contracting
- Zircon Trading
- Zuni Decoration
- Golden touch service center
- Special assignment at Al Maha Academy
- Al Bida Travel
- Special Assignment at Al Bida Travel
- McKenzie Shaw Ltd. Qatar
- Q Advice Group
- Riviera Establishment
- Grand suit Hotel
Main Clients:
I have participated and been in charge of the audits of the following major clients:
- Hamad Medical Corporation (Hamad Hospital)
- Qatar port management company
- Qatar Post
- Special assignment at Qatar company for meat & livestock trading -mawashi
- Ezdan Holding Group(Ezdan Mall- Ezdan hotels - 16 subsidiaries)
- Tadawul Holding
- GIG - Gulf Investment Group - Stocks Trading
- Sak Trading and contracting
- Tameer -Real Estate
- KIA Motors
- National car company (Hyundai-Mazda)
- Taleb Group (AL ADIKHAR Real Estate Company - Daihatsu- Cambridge & Indian schools)
- Al khaleej Takaful Group (3 company insurance & reinsurance)
- FBA Group- sheikh Fahd Bin Abdullah (26 company and factory)
- Gazprom- Russian company in field of gas
- Venture Gulf - Oil and Gas
- Al-ANAB Trading and Contracting
- Al-Kazem Group -Real Estate, Rocks & Transportation, Beauty Saloon, Pharmacy
- Eli France Café - Cafeteria, Catering & Banqueting
- Al-Mutakamelah - Banqueting
- Powermech -engineering
- Sheikh Jassim bin Mohammed bin thani social welfare foundation
- Eid charity
Duties:
- Supervision for 7 projects.
- Being in contact with accountants of the projects, collect and review the data and prepare reports for the area financial manager.
- Explain the new instructions and financial plan from management as well as the expected cost for each project to the concerned Accountant.
- Control the main petty cash for all projects.
- Reviewing all payment to suppliers or to any beneficiary with supporting documents.
- Reviewing all employee salary.
- Review and approve subcontractors payments based on the contract and the completion percentage.
Company Industry : Construction/Civil Engineering, Manufacturing & Production
Duties:
- Chief Accountant for the Company and all affiliated production department (Carpentry, Tiles factory, Block & Interlock factory, Marble factory, 6 Sites for ready mix and Asphalt factory).
- Leading and supervising Team of 30 Accountants.
- Distribution of tasks to the accountants according to the accounting knowledge and experience for each one, also for the ability and insisting for learning the new tasks.
- Prepare Monthly Financial Statements (Balance sheet, Income statement, changes in owner’s equity & cash flow) with notes.
- Prepare monthly and year end closing for all accounts and Revenue based on completion percentage.
- Build up costing system for the company with all procedures and forms.
- Allocating the cost related to all labors, vehicles, equipment, Mixers, concrete pumps, carpentry, tiles factory, blocks and interlock Factory, Ready mix factories and asphalt factory According to actual working hours per each project.
- Build up Inventory Department and Setup Inventory system with the procedures and all forms.
- Design forms used in procurement department and accomplish the delegation of authorities between Procurement and inventory department and the flow of documents and forms.
- Accomplish fixed assets capitalization policy.
- Reviewing all Payables accounts (Around 240 Vendors include international vendors) & Responsible for accomplish vendor periodic payments sheet and preparing cheques or bank transfer.
- Review and approve subcontractors payments based on the contract and the completion percentage.
- Get Monthly balance confirmation from the vendors and clients.
- Control bank accounts and reviewing the bank reconciliation.
- Responsible for Letter of credit and Letter Of guarantee.
- Reporting the monthly Costing directly to the owner.
- Reporting the monthly revenue to the owner.
- Following up all related works with other Departments.
Head of payroll department “April 2008 to Sept 2010”
Duties:
- Reviewing payroll sheet for the whole staff (around 3, 500 laborers and employees).
- Supervising on payroll team which consists of 7 employees.
- Reporting to the chairman.
- Work to correct the mistakes made previously and controls the salaries of the company employees due to the Serious Mistakes taken place.
- Accomplish the procedure for the department and the required document should be in each employee file.
- Accomplish delegation of authorities for the payroll department employees and the all sites accountant regarding the laborers payroll and salary allocation for the sites laborers.
- Financial accountant responsible for all transaction related to the project (preparing, Accounting treatment and recording in the accounting system).
It has been training on all accounting transactions related to the project like petty cash, suppliers accounts, inventory, payment to subcontractors, payroll and all other transaction.
Projects in Smart village (cairo/Alexandria Desert Road) and the Grand Egyptian Museum