Accounting Financial

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MAHMOUD IBRAHIM ELTAWIL

Jeddah, KSA

Mobile: +966*********

E-mail: *****************@*****.***

SUMMARY

Self-developed Financial Professional has a combination of experience and knowledge. Versatile, reliable and efficiently managing the accounting activities and financial reporting. Diversified skills and specialties include team management, financial accounting, MIS reporting, Consolidation, financial reporting, analysis budgeting, forecasting, planning, financial closing, auditing, costing, tax, payroll, banking and ERP implementation.

EDUCATION

Graduated in 2005 Ain Shams University Cairo, Egypt

• Faculty of commerce, Accounting Dept.

CERTIFICATION

• Certified Management Accountant "CMA" January 2012, Certificate No. 35738, CMA certification tests mastery of advanced accounting and financial management knowledge in four critical areas: financial planning, analysis, control, and decision support. COURSES

Accounting and Finance courses:

• Understanding the FASB Accounting Standards Codification.

• ASU 2016-02 Lease Accounting - An Overview.

• The Revised COSO Framework 2013 and Application to Real World Cases.

• Accounting for the New Revenue Standard IFRS 15 and ASC 606.

• Frauds in the Financial Statements.

• Working Capital Management.

• Going Concern Accounting and Auditing Issues (GAAP VS GAAS).

• Principles of Valuation: Time Value of Money.

• IFRS crash course.

• Financial Accounting Cycle.

English courses:

• Finished advanced English course.

• Finished a 60 hour upper intermediate English courses.

• Finished a 60 hour intermediate English courses.

• Finished a 20 hour pre intermediate English course.

• Finished a 140 hour pre intermediate English courses. Computer and Financial Application courses:

• Oracle Financial Boot Camp.

• R12 Oracle E-Business Suite for Implementers - Financial Modules (GL, Sub Ledger, Payables, Receivables, Asset Management, Cash Management and Taxes).

• Microsoft Certified Programs including Windows, Microsoft Office (Word, Excel, Access, Power Point and Outlook), MS Project and Internet.

General courses:

• Business Plans That Get Results.

• Basic Business Skills Acquisition (BBSA) which contained the following: 2

Developed Language and Computer skills

Enhanced Presentation & project development skills

Acquired basic business skills including: marketing, sales, banking, accounting, business correspondence and report writing.

SKILLS & Languages

Skills:

Financial Reporting, MIS Reporting, Financial Accounting, Budgeting, Oracle Financials, ERP Implementation, General Ledger, Analysis, Forecasting, Business Intelligence, Oracle GCS (Global Consolidation System), IFRS, Tax, VAT Compliance, Excel, Pivot tables, Macros, OLAP,, MS Office, SAP.

Languages:

Native language Arabic

Excellent command of both written and spoken English EXPERIENCE

Apr 2017 – Present Mitsubishi Electric as an Accounting Manager

• Manage and control AR, AP, FA, GL and Cash Management.

• Review and manage billing schedule and collections.

• Review and control expenditures and payments.

• Prepare and consolidate CAPEX and OPEX budgets.

• Assist in the development and implementation of the financial policy.

• Preparation and interpretation of reports, accounts, commentaries and financial statements.

• Review journal entries, accounting transactions, forms and expense reports.

• Prepare monthly variance reports and analysis on the level of region, profit center, cost enter, project center.

• Assure strict compliance with company’s policies and procedures.

• Review cash flow and cash forecast reports.

• Review and approve bank reconciliations, and cash transactions.

• Coordinate with banks for matters related to LC negotiation, LG, company accounts etc...

• Assessment of the financial risk in contracts with customers.

• Review and reconcile the payroll elements against GL accounts.

• Prepare VAT requirements in coordination with the Tax consultant.

• Manage, train and coach the accounting team.

• Presentation of monthly financial results and KPIs for the executive management. August 2015 – Mar 2017 Mohammed Bin Ladin Company “MBLC” as a Financial Reporting Manager

• Managing and reviewing a full spectrum of financial modules (AP, AR, FA and GL) for 17 reporting entities.

• Auditing monthly and annual financial results, and assure integrity of financial information within all ERP modules, resolving and reconciling any discrepancy.

• Preparing a complete set of financial reports and analysis on the level of project center, reporting entity, sector and legal entity.

• Ad-hoc financial report requests from executive management.

• Analyzing, Auditing, reviewing and approving all of the financial reports developed either by the internal or the external developer.

• Assuring that all accounting activities and financial reports over the application are aligned with local GAAP as well as Company's financial policy.

• Providing guidance and training for the Chiefs of Accounting and key accountants of all operating units.

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• Guiding the Chiefs of Accountants in the budget preparation process as well as reviewing the budget results of operating units.

• Establish, testing and maintaining proper internal controls surrounding financial reporting and applications.

• Assuring accurately and timely monthly, quarterly and annually closing.

• Coordinating with external auditors for annual audit requirements, and providing them with all needed financial information throughout the auditing process.

• Maintaining the Chart of Accounts.

Feb 2014 - July 2015 MBLC as a Financial Analyst

• Managing and reviewing a full spectrum of financial modules (AP, AR, FA and GL) for 17 reporting entities.

• Auditing monthly and annual financial results and comparing financial results extracted from the Oracle with those which were extracted from the legacy on the level of the GL and Sub-ledger and providing the needed reconciliation of each operating unit, assuring the accuracy of the recorded entries, and following up with Chiefs of those departments to ensure meeting the deadline of the closing date as per the plan.

• Managing the consolidation of the financial results of all operating units.

• Auditing, reviewing and approving all of the financial reports developed either by the internal or the external developer.

• Reviewing and authorizing monthly, quarterly and annual closing.

• Reviewing, testing and approving the integration of Fixed Assets, Payables, Receivables, Cash Management, Payroll, Inventory and Purchasing as well as any new module with the GL.

• Designing the audit cycle on the application in order to make sure that the external auditor needs will be met through the application.

• Overseeing the Re-implementation project and the operating of Oracle Financials R12 Application within 19 different operating units.

May 2013 - Feb 2014 MBLC as Centralized LC & Payables Department Chief Accountant

• Supervising the full cycle Accounts Payable process with a focus in accuracy and timeliness.

• Managing, recording, and monitoring daily centralized accounts payables and LC transactions and payment schedules for MBLC, Play a key role in developing and modifying payable systems, procedures and policies.

• Reviewing, sorting, and matching invoices to POs and receiving documents.

• Reconciling vendor statements, researching and correcting discrepancies.

• Recording and issuing debit memos for purchases of sectors.

• Receiving and recording credit memos of other branches.

• Preparing monthly AP aging report for centralized banking department.

• coordinating and communicating with the purchasing team to maintain accurate accounts payable, vendor and purchase order data.

• Reviewing issued checks from banking department.

• Reconciling Suppliers’ Invoices with payment checks.

• Maintaining Suppliers’ register.

• Maintaining LCs register.

• Testing LC customized solution over the Oracle ERP R12.

• Matching inter-company balances.

• Monthly closing of department’s accounts.

May 2009 - April 2013 MSCC-EMPA as an Accountant

During my work as an accountant in EMPA I’ve handled and rotated in various accounting and financial functions:

• Assisting in the development of the annual budget and quarterly/monthly forecasts. 4

• Analyzing monthly accounts variance, checking reasonableness of the variance and reporting on the reason of that variance.

• Facilitating reconciliation of accounts by identifying discrepancies and rectifying errors.

• Reviewing monthly closing financial reporting pack and comparing it with the ERP system results through Financial Statement Generator “FSG”.

• Preparing cash movement actual report.

• Ensuring that Accounts Payables transactions are done and recorded according to acceptable policies and accounting standards through the following:

Recommending changes to AP policies or procedures.

Recommending modifications to the existing system and implementing of those modifications through coordination with all units involved in accounts payable.

Ensuring that the Invoices and expenses’ claims are received from suppliers and employees and they are recorded in the invoice workbench in a timely and an accurate way after checking the validity of documents and approvals.

Ensuring payments to be made as per the credit terms after the deduction of the appropriate tax and taking the required approval from the authorized signatory.

Preparing Wire transfers for all of overseas suppliers, consultant and our Nigerian subsidiary salaries and following up with them in case of any issue was rose.

Acting as a liaison between the company and the bank in case of any issue was rose.

Acting as a liaison between the financial consultant and the external developer in order to ensure the development of the required customized reports.

Preparing withholding tax Form 41 on quarterly basis and the payment of it.

Preparing source deducting tax Form 11 on monthly basis and the payment of it.

Preparing a yearly report of the overseas payments for tax purposes.

Recording, Reviewing and supervising Oracle Financial Accounts Payables module all transactions and ensuring that each transaction was assigned to the proper account, cost center and the other segments as well.

Maintenance of the suppliers’ register.

Setting up of Oracle Financial AP module options and settings in order to comply with best practices and acting as the key user of the module.

• Facilitating preparation of month-end expenses’ accrual through providing analysis of actual invoices received and recorded versus what was supposed to be recorded according to vendors’ contracts and recurring invoices.

• Preparing and assisting in developing of feasibility studies, ad-hock reports and analysis.

• Supporting of the other finance team members.

• Assisting in the monthly and yearly closing.

• Assisting in the Audit.

• Assistance in the implementation of Oracle Financials ERP system and the development a new chart of accounts, and was the responsible for mapping and migrating data from the legacy accounting system to the new ERP system.

• Preparing and recording journal entries on a daily basis through General Ledger module.

• Preparation of month-end accruals in order to comply with matching principle.

• Receiving and recording the receipts of customers through Accounts Receivables module.

• Maintenance of Fixed Assets Register, Preparing and recording of the monthly Fixed Assets additions

& depreciation.

• Maintenance of Prepaid expenses, preparing and recording Prepaid amortization journal entries.

• Preparing banks reconciliations, solving any discrepancies and preparing the proper journal entries.

• Preparing expenses classification sheet.

• Preparing monthly balance sheet analysis.

• Preparing payment vouchers, wire transfers, paychecks and computing related governmental tax liabilities.

• Responsible for Oracle Financial Fixed Assets module which consisted of:

Adding, disposal and depreciation of assets.

Adding and amortization of prepaid expenses.

Feb 21 2007 – March 03 2008 Vodafone Egypt (Outsourcing WASLA) Customer Service Dept. as a customer service agent

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ACHIEVEMENTS

• Successfully finalized all audit requirements for the 1st audit on the Oracle ERP for the fiscal year 1436/1437 on MBLC.

• Developed the financial system annual business plan for MBLC.

• Partnered with the consultation firm and the IT department to oversee and lead two implementation projects of Oracle EBS R12 ERP financial modules during my work in EMPA and MBLC.

• Developed the strategic budget of 2013-2016 (CAPEX and OPEX) for EMPA.

• Assisted in the implementation of Oracle Business Intelligence Analytics (OBIA) for MBLC.

• Trained and developed new accounting staff for MBLC. INTEREST

Reading and browsing the internet

PERSONAL INFORMATION

Date of Birth: 25/10/1982

Marital Status: Married

Military Status: Exempted

Iqama Status: Transferable

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