Financial Reporting, Management Accounting, Internal Controls
Resume:
Executive Profile
Forward-focused Finance & Accounts professional offering 16.5 years
of multi-cultural & diversified experience in steering financial operations & due diligence across various Food & Beverage, Trade, and Education industries in Kuwait.
Played a pivotal role in the implementation of new Payroll System by reviewing and verifying monthly payroll and provisions. Recognized for establishing consistent and appropriate business practices, propounding innovative means to fund financial needs of the organization to enhance growth of the company.
Successfully managed large teams in setting inspirational goals, defined KPIs & metrics for the team and ensured achievement of the goals while collaborating with senior & board level management team in decision- making process.
Expertise in managing operations in compliance to rules & regulation laid by the organization; competent in understanding client’s requirement, resolving their queries and MIS coordination.
Proficient in reviewing and enhancing all financial procedures and internal controls, automating and integrating financial information systems, directing preparation of financial forecasts with coordinated budget projections.
An implementer with recognized proficiency in spearheading business to accomplish organizational plans and goals successfully; outstanding communication & leadership skills that have been put to excellent use in effectively resolving problems and promoting a positive work environment.
Key Impact Areas
Career Timeline
Humansoft
Holding, Kuwait as
Senior Accountant
Kuwait Food Company
(Americana) as
Accountant
Yusuf Ahmed Al
Ghanim & Sons W.L.L.,
as Senior Accountant
Sameh Adel
*********@*****.***
sameh.adel1977
Top Management Professional Senior Accountant
Financial Management Internal Controls Financial Reporting Location Preference: Kuwait & UAE
- Financial Accounting
- Accounts Payables & Receivables
- Inventory Management
- Fixed Assets Management
- Financial Management & Internal Control
- Variance Analysis
- Internal Processes Control
- Tenders Pricing
- Team Building & Leadership
- MIS Reporting & Documentation
Sep’01 – Dec’05
Since May’08
‘10
Jan’06 – Apr’08
Education & Credentials
Faculty of Commerce from Ain Shams University, Cairo, Egypt in 1999 Professional Experience
Since May’08: Humansoft Holding, Kuwait as Senior Accountant Growth Path:
May’08 – Sep’11 Accountant (at Track Learning Solutions Co. - Subsidiary of Humansoft Holding) Sep'11 – Present Senior Accountant (at Track Learning Solutions Co.) Since Apr’14 Senior Accountant (managing both Training Centers: New Horizons & Expression) Key Result Areas:
Engaged in reviewing & approving payments.
Training Accountants and ensuring to improve their performance as well as supervising their daily work transactions to enhance their performance.
Mentoring the Credit Officer on how to manage and operate his roles efficiently, internally with the team and externally with the customers.
Reviewing monthly payroll, and guiding HR & Accountants in the preparation and closing of payroll. Forming a close working relationship with Center Heads, RFM, CEO and CFO. Discussing business challenges, assumptions and decision-making with Center Heads by providing guidance on activities, financial plans & targets, and business drivers. Administering Finance Department performance, setting goals and objectives, and designing framework for achieving those goals; sharing thoughts and ideas with management on how to improve efficiency of operations in order to enhance organizational growth.
Highlighting future business needs and requirements to fulfill those needs; ensuring to meet deadlines with high quality deliverables.
Administering the practicing of all Accounting Modules (Banks, Assets, Receivables, Inventory & Payables) and related reconciliations, besides monitoring all necessary controls required for each. Preparing and reviewing financial plans and budgets along with monitoring and reporting the progress and the variances.
Performing cash flow forecasting and updating management with financial and cash positions. Conducting internal audit on all transactions by analyzing and investigating the fulfilment & completeness of internal controls over all processes (Daily Cash Collection/Deposit, Sales Ordering, Revenue recognition, Purchasing, Petty Cash handling, Inventory Management, & Receivables Management), and taking necessary remedy actions when needed.
Confirming to solve day-to-day accounting issues; preparing financial budgets and profitability for new businesses projections.
Developing quarterly & year-end audit reports besides managing full auditing with Auditing Firms. Driving profitability for company by actively managing business performance and identifying areas of improvement; developing short-term and long-term business plan for company and monitoring actual performance as well as taking corrective actions for any deviations. Significant Accomplishments:
Gained recognition for stopping the wrong practice of using cash in operations. Structured and started a new accounting entries and reports of a new formed company. Safeguarding company’s fixed assets by setting up a labelling system and tagging each asset. Enhanced and developed the Payroll System and got recognized for the same. Improved the process of payment and got appreciated. Extracted the reports directly from the database and managed to format the Excel Reports that made the work much easier and saved time.
Enhanced & set-up internal control for the organization, managed to stop wrong practices and got recognized for the enhancement of internal processes.
Built staff morale; built strong partnerships with operating units and brought about consistency in accounting and reporting methods, and instituted controls & teamwork throughout the entity. Generated insights about the business through on-going and ad-hoc analysis of operational performance. Documented financial/operational processes and procedures to address divisional requirements. Earned and maintained longstanding trust and respect from Reports, Supervisors, Management, and Business Partners.
Automated the preparation of more than 20 operational & financial reports using SQL database connection that had previously required long time of hours and effort per week. Previous Experience
Jan’06 – Apr’08: Yusuf Ahmed Al Ghanim & Sons W.L.L., Kuwait as Senior Accountant Key Result Areas:
Worked on "Financial, Administration & Information Management System" as well as "FAIMS" - Oracle Database Application.
Engaged in working on "Business Object" Application to extract the required data and prepared the required reports to enhance organizational effectiveness.
Managed & processed all payables related transactions for local and foreign suppliers. Prepared required journal entries (L/C & L/G expenses, advertising & stationery expenses, charging cost centers with related expenses and so on).
Monitored and followed up shipping guarantee request when the original bill of lading was not received from the supplier.
Conducted periodical count for the stores (Ahmadi - Jahra - Sulaibia - Doha - AL-Ray). Sep’01 – Dec’05: Kuwait Food Company (Americana), Kuwait as Accountant Key Result Areas:
Managed, processed & reviewed all receivables related transactions. Prepared monthly ageing reports and followed up on dues from customers. Controlled purchases from sister companies and cleared inter-entity accounts monthly. Engaged in controlling, reviewing as well as posting all stores related transactions (receipts, transfers, issues & expiries).
Conducted monthly analysis for number of stores & new openings, showed expected & actual opening dates and locations.
Aggregated performance & results reports of all restaurant chains for all of company's brands. Performed daily analysis report for new restaurants showing actual daily sales compared to budget and analyzed according to number and type of transactions (Dine In - Drive Thru - Home Delivery - Take away) that occurred daily.
Reviewed Balance Sheets, P&L as well as Fixed Assets Statements. IT Skills
MS Office Suite (Word, Excel, Access, Windows & PowerPoint). Adobe Acrobat Professional 7.
Oracle Data Base Applications, Great Plain Accounting System, Business Object Application. SQL database tables selection and extraction to Excel. Personal Details
Date of Birth: 20/Aug/1977; Languages Known: Arabic & English; Nationality: Egyptian Present Address: Kuwait; Passport ID: A15168733 Valid Till: 01/May/2022 LinkedIn: https://www.linkedin.com/in/sameh-adel-901a0425 Marital Status: Married No. of Dependents: 3
Visa Status: Transferable (article 18) – valid until 11/Nov/2019 Driving License: Yes
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