Chief Accountant
AlMutahida Packaging
مجموع سنوات الخبرة :18 years, 7 أشهر
Work Description:
• Manage the accounting department, chart of accounts and cost centers.
• Authorize POs, AP Payments and daily petty cash movements as per authority matrix.
• Review and authorize daily cash position, and manage cash accordingly.
• Review and authorize the monthly Financial Statements and Report.
• Audit and authorize the monthly payroll Sheet.
• Supervise daily, monthly and year-end physical stock counts.
Achievements:
• Preparing and developing the annual budget sheet on MS Excel, showing the various scenarios for Capex expenditure and funding.
• Handling the finance module of the project of changing the ERP system from SAP HANA to SAP Business one; issuing the first financial statements from the new System within 30 days.
• Leading the finance module of BAYAN HR System implementation, issuing the monthly payroll sheet from the system on a timely basis.
Company Profile:
A leading hygiene products manufacturer of well-established brands of feminine care, baby care and sanitary napkins; such as: Libresse, Libero; which are licensed by the Swedish Essity company, in addition to the local brand Louve.
Work Description:
• Provide key financial analysis and management reporting by designing and managing tailored monthly management reporting packages to facilitate executive level decisions making.
• Identify areas for costs savings or efficiencies across production lines and departments.
• Maintain Product Profitability & Margin Analysis, and provide scenarios analysis for changes in products' BOM, and for new products launch.
• Perform feasibility studies to provide guidance on investment and project decisions.
• Preparation of budgets and forecasts split by product, location, sales, revenue, expense...
• Analyse actual results to budget and prior year to identify trends, variances, irregularities and performance.
• Assist in the month-end accounting closure.
• Preparation of ad hoc reports to management.
Achievements:
• Creating an Excel model to calculate the raw materials budget in volume and value, for any sale budget, based on the applicable BOMs.
• Making all corrections needed to invoice types on Al-Ameen system, and implementing accounting procedures that allowed a complete match between trial balance balances and materials' count values on the system.
Work Description:
• Maintain the quotation model in costing system, setting and updating the costing matrix across all sites and all production lines.
• Work closely with Operation, Technical, Procurement, and Finance departments to ensure the validity and completeness on the material, machine rate, labour and indices applied on the quotation system.
• Maintenance of costing within costing system regularly, and ensuring an accurate and timely analysis of product costs to support business pricing decision-making.
• Support the overall profitability of the business through development of process and metrics.
• Prepare and analyse the costing and operation reports.
• Assist in preparing Budgets and Financial Statements.
Achievements:
• Developing the Product Profitability & Margin Model on Excel, by adding scenarios analysis, which enabled us to determine the price and/or bag count for a desired profit margin.
• Accomplishing a full control on work in process, by implementing procedures that enabled a daily match between production reports and Al-Ameen system balances.
• Adjusting all manufacturing models on Al-Ameen system in line with the applicable BOM version for each product and size.
Company Profile:
A member of Madar Holding, engaged in the manufacturing and distribution of baby diapers, detergents, liquid soap, shampoo and other household cleaners. Madar Group has factories in Egypt, Senegal, Angola and Cameron.
Work Description:
• Review, analyse and evaluate the monthly financial statements of all group companies.
• Consolidate and analyse the monthly financial statements; per entity, per segment, and per market.
• Provide comprehensive periodic variance reports and charts; for month, quarter, and year-to-month; compared with both previous period and parallel period in previous year.
• Prepare the group monthly analysis reports (Budget Variances, Stock Movements, Working Capital and Foreign Exchange Risk Management).
• Supervise the accurate recognition of mergers or acquisitions, based on IFRS.
Achievements:
• Leading the project of changing the functional currency for all group entities on Al-Ameen software, in response to the hyperinflation incurred.
• Merging the financial operating systems on Al-Ameen for all group companies in one database, using the branches module.
Work Description:
• Manage an accounting team of eight, making sure of the accurate posting of all accounting entries.
• Manage the chart of accounts, and establish and enforce proper accounting methods, policies and procedures.
• Manage and oversee the monthly accounting closure (Prepayments, accruals, bank reconciliations, A/P reconciliation, Depreciation, Stock counts, and reconciliation with all group companies).
• Monitor and analyse accounting data and produce monthly financial statements and reports.
• Interact with the tax consultant to ensure the full compliance with all tax regulations.
Achievements:
• Creating an Excel model to allocate the group’s common expenses among subsidiary companies, using the step-down method, based on a thorough analysis of expense drivers.
Company Profile:
NSC was the largest multinational non-oil investment in Syria, with a capital cost of $90 million. The main shareholders are Assaf Invest Limited and Cargill. It was also the 2nd largest sugar refinery in the Middle East, with annual sales of $350 million.
Work Description:
• Authorize PO invoices and petty cash invoices on the company’s ERP system, making sure that all expenses are within budget limits and posted to the correct accounts.
• Manage the amendment or creation of accounts, cost centres, and activities on the company’s ERP system.
• Manage the fixed assets register on the company’s ERP system (monthly depreciation, capitalisation, and disposal), and match it with the monthly trial balance.
• Audit and authorize the monthly payroll tables.
• Supervise daily and monthly physical stock counts.
• Generate monthly management accounts package (Income Statement, Balance Sheet, Cash Flow Statement, Cost Analysis, capital applications, stock declaration).
• Analyse and investigate monthly variances, presenting commentaries on performance and expenditure if needed.
• Analyse budget variances on a monthly basis, and follow up with head of departments for explanations.
• Prepare annual budget after discussing it with head of departments.
• Interact with external auditors and governmental departments in completing audits and taxation.
Achievements:
• Developing the monthly management accounts file to produce more accurate and user-friendly information.
• Maintaining the accounts on the company’s ERP to reflect the actual cost allocation of activities.
Company Profile:
AHC-ME is a subsidiary branch in the Middle East for American Health Care USA, with a focus on dermatology products in MENA region. HCPC is the AHC-ME’s production unit, with annual production capacity of up to 20 million tubes.
Work Description:
• Create the chart of accounts, flow of documents, and the internal control system.
• Prepare the periodical financial reports to the group’s CFO.
• Provide financial statement analysis through financial ratios and performance parameters.
Achievements:
• Structuring the cost system of the company, making sure of the accurate costing of products.
• Performing feasibility studies for the new markets along with financial analysis for the existing markets (e.g. Break-even point analysis).
Seminar leader on fourth year (Advanced Accounting) and (Accounting in Banks) modules using educational and communication skills.
Work Description:
• Assist in creating the accounts chart.
• Structure computerised customers’ and suppliers’ accounts using MS Excel, and reconciling with them regularly.
• Maintain the financial records of the company, recording invoices, receipts and payments and assuring of computation and completeness of documents.
• Prepare financial statements (Trial Balance, Income Statement and Balance Sheet).
• Prepare monthly and weekly payroll tables.
From 2005 to 2007, I joined the MSc Accounting and Finance program in the Business School, The University of Birmingham aiming to PhD Accounting and Finance. However, I haven't completed this program.
