Finance Manager
Iffco Group
Total years of experience :33 years, 2 Months
IFFCO Egypt Co., International Food stuff Company, Indian Nationality, Cairo, Egypt -head quarter in UAE, FMCG “ 20 years in different rules .since Jan 2000 till present .
- Finance Manager - From July, 2008 until Present
Duties Include:
Ensuring the timely preparation and finalization of Financial Statements for the three companies IFFCO Egypt, IFFCO Trading and Emirates Trading and all related accounts with proper documentation, also ensure of accuracy and compliance of "Monthly-Annual " accounts in the ERP System “Sap & Baan” Align with Group policies
Statutory audit: ensuring satisfactory and timely completion of the audits of the following companies in co-ordination with statutory auditors " KPMG G.6 " for the stand alone, Consolidation for the group, and Balance sheet according IFRS and complete price transfer study
Trade receivables: close monitoring of trade receivables and ensuring compliance with company credit policy in co-ordination with the Sales Department, including regular reconciliation and confirmation of the party’s statement of account.
Trade payables: ensuring timely payment (Local-Import) of trade payables after reconciliation of party’s statement of account with Baan records.
Cash / Bank: ensuring proper control over all cash and banks transactions, including Maintains of cash / banks books, control over payments / receipts, banks and cash reconciliation.(Current, OD, Short Term Loans-Long Term Loans)
Cash Flow: monitoring of cash flow and bank balances on a daily basis also preparation of monthly cash flow statements in the prescribed format.
Insurance: Coordinating annual renewal with Corporate Insurance and follow-up on filing and settlement of all claims.
Budget: Participate in preparing the budget and compare monthly Actual Vs. Budget.
Reports: Maintains All the "Daily, Monthly, Annual" Reports and Distributed to others Depts., also communicating information to the regional office.
Taxation: finalized a tax inspection for more than 15 years, Handling Tax inspection of Corporate tax, Vat, Stamp tax, Withholding tax and Employees salary a& benefits inspection with tax update profile .
Position: Assistant Customer Accounting Manager. From Oct.1997 up to Dec.1999
Duties Include:-
Controlling all cash receivable of head Office in Cairo, All branches (Alex, Port Said and, Mansoura) as well as the Express center
Handle petty cash payment according Company Policy.
Receive Cash, Chqs from (Cash Sales, Custom Duty, Freight, Credit Sales).
Handle all bank deposits. And reconciliation “MI Bank and CIB”
Record the revenue entries into the accounting system.
Prepare the revenue reconciliation between Sub lager and general ledger.
Inter &Update Customer data into Billing System along with Custs Tariff update.
Review monthly invoices before sending to Customers .
Classify the payment as chart of account then book the daily entries into account System and prepare monthly trial balance,
Input collection, W/h tax adjustments, Dr&Cr batches in Billing System.
Prepare Handling fees amortization report and input the revenue entry.
Responsible of processing& posting (coll. entries & adj.& manual inv.)
Prepare Monthly Closing and Debit & Credit note for incorrect Invoices.
Prepare T/C /COD. Batches & charge to all Countries.
Prepare manual Invoices for (Handing FEES, Air Freight, Monthly invoices and adjs.)
Position: Head of Accounts Receivable - From May.1995 up to Sept.1997
Duties Include:-
Receivable Cash &Chqs from Collectors &Other Branches includes cash sales,
Prepare cash reconciliation and following Custom Duty and prepare a daily reports,
Closing and Debit & Credit note for incorrect Invoices.
Entry the revenue Entries and Collections, Invoices adjustment, Manual invs into Billing System,
Prepare and Following all Banks Trxs.”Deposit, Credit Cards, Amex” .
Prepare manual invoice into Symphony System “Fright, Handling fees .Customs Duty “ and following all the Outstanding in daily bases,
Prepare Bank reconciliation of Mir Bank, CIB, Visa, and Amex,
Computer accountant
Duties Include:
• Prepare weekly/monthly financial reports.
• Helping of cash follow reports.
• Comparing actual Vs. Target of (Sales, Purchases, Expanses, Maint. Revenue )
• Transmissions the manual account system into Computerizing System using (Alpha Misr integrated accounting system along with Quattro Pro and Dbase ).
• Prepare financial reports (BS, P&L) Monthly, Quarterly, Annual.
• Prepare bank reconciliation, following Tender, Open and follow LCs, LGs
• Ensuring of Warehouse transactions and Suppliers payment,
• Preparing Monthly Salaries using accounting system (Alpha Mist)
MBA Certificate – graduated in Sep-2015 Section “Global Managements “ From Eslsca – European business Center in Egypt. Certified as Charter accountant - Graduated in November’2015, from Egyptian accounting and auditing authority,
شعبة محاسبة بتقدير جيد مرتفع جور مايو 1990