Mahmoud Awadalla, CPA / CMA

**** ***** ****** ****, *****, UT 84093 USA Cell: 972-***-**** Email: ad29j0@r.postjobfree.com

SUMMARY OF QUALIFICATIONS

Twenty-seven years of progressive Accounting/Operations experience; coaching, teaching, cultivating, academic instruction, good-natured Supervisor. Highly ethical, moral, professional, dedicated, and driven.

Proficient in assessing project requirements, determining priorities of assignments, analyzing most cost effective and expedient course of action.

Adept in making critical decisions with sound judgment with true cost-effective problem solutions.

Professional expert of all financial and business operating aspects of Corporate Governance guidelines.

Diverse: both public and private, encompassing all accounting responsibilities, full cycle.

Analytical and well organized in problem solving, utilizing seasoned judgment in systems procedures and technical troubleshooting; within Finance, Operations, and Administration: streamlining, reducing costs.

Extensive comprehensive knowledge of GAAP, GAAS, and IFRS.

PROFESSIONAL EXPERIENCE

Atlas Copco CH Spencer, UT (CTS Customer Center)

Business Controller Sep ‘17- Current

Responsibilities in Brief

Maintain every aspect of all Financial Responsibilities, tightly and effectively controlling all costs.

Maintain full oversight of H.R.

Overseeing all outsourced IT activities, co-ordinate all efforts; I am the Inhouse IT liaison.

Supervise Logistics and SHEQ activities and implement all future plans for ISO compliance.

Align local unit targets with top management plans, achieving overall goal congruency.

Create, implement, and oversee controls, to ensure safeguarding of assets.

Achievements Highlights

Validating financial information during pre-acquisition phase and numerous diversified activities in the due diligence phase.

Maintaining pre-existing workforce after acquisition and all related expertise, with minimal impact on production; in addition to securing the sales force for the acquired company. Created a smooth transition.

Successfully transitioned the small family held company to the International Atlas Copco Culture.

Created policies and procedures for a startup company, ensuring compliance within the laws and regulations.

Ensured a successful transitioning from previous ownership to current management, with minimal hardship.

Identifying the net asset values, which was the first step on maintaining a strong post acquisition balance sheet.

Creation and implementation a full cycle process mapping, moving from antiquated old cash basis accounting system maintained by previous ownership, and instead built a full finance system in compliance with the Way.

Atlas Copco Secoroc, TX (RDT Product Company)

Business Controller Jun ‘14- Sep ‘17

Responsibilities in Brief

Provide an excellent internally controlled environment to protect the company assets, controlling the consolidated financial performance of the company and ensuring financial reporting and accounting matters are in accordance with Finance and Administration as per and local statutory accounting practice.

Support and advise the General Manager and the Functional Managers with solid tools and analysis of business trends and company/product line performance to enable business development based on sound information.

Planning, organizing, directing, and controlling the Accounting and control function of the company: reporting operational results, and providing chronological systems in compliance with company standards and GAAP.

Ensure timely submission of financial and management reports conforming to Group practices, procedures, delivering Financial and Operation reporting to Management, Government and other external entities.

Contact and liaise with Internal & External Auditors. Hands on participate in internal audits locally and internationally.

Created and share leading practices through interaction with other parts of the Group.

Initiate/safeguard training in business control in the whole organization.

Responsible for planning, budgeting, follow up on variances. Pro-active highlighting of red flags where necessary and implement corrective action plans to remedy the situation.

Promote transparency in facts and figures to ensure a decision process based on adequate and objective information. Implement effective business control processes and procedures.

Participate in project teamwork on a local, divisional, and business area levels.

Developing and implementing accounting policies, controls, and procedures.

Achievements Highlights

Solely reviewed the books, met with Tax & Legal Department with my findings. I went before G.P. City Tax Board, which resulted in a constant annual savings of $800K in taxes, due to my adjustment.

During 2015 with my new implemented cost savings measures, division started at $2.5mil negative, ended at $100K positive.

2014- 2016 with my new implemented Accounting and Inventory procedures, required provision for obsolete inventory improved from $1.6M to $454K.

Improved inventory turnover ratio from 1.86 to 2.12 securing free port exemption on property tax.

Implementing SCF program on the major supplier and extending payment terms form 30 and 60 days to 90 and 120 days.

Implemented expense inventory policies, personally negotiated with the Vendors, savings of $300K on annual basis.

Implemented new Activity Based Costing model instead of Traditional Costing System approach for all manufacturing product lines “Project Ko$t - first time to implement within the group, accurate product costing, better marketing portfolio and better resource / cost management.

Implemented BirdDog freight solution, saving Administration cost for both Accounting and Logistics saving equivalent to 1 headcount average of $40K annually.

Reconciled the inventory historical inaccuracy and off balances that remained in the books for years, and created a successful reconciliation process and its supportive tools.

Responsible for 2 divisions, $60 million. Four full time employees under my direct supervision.

Atlas Copco Drillings Solutions, TX (ADS Product Company, Remanufacturing Center, Distribution Center)

Senior Cost Accounting Supervisor Aug ’11-June‘14

Responsibilities in Brief

Worked side by side with Business Controller in preparation of all financial and operational reports, and presentations. Relentlessly developed tools to facilitate data analysis, safeguarding those red flags were raised, problems detected on timely manner; with action plans submitted to Management for correction of flags.

Vigilantly assured Cost Accounting was maintained for the Product Company.

Uncompromised control over financial statement reporting: ensuring all reports were done on or before time, with high data integrity.

Consulted, prepared and followed through with numerous departments, ensuring their processes were properly accounted for from inception to final reporting.

High analytical skills for product structure/BOM and manufacturing order structure: to identify manufacturing order variance (standard vs actual) with proper follow up with production and engineering for better variance control, and true reflection for product standard cost and subsequent unadjusted gross profit.

Intense analysis of overhead variance, purchase price variance, warranty cost, quality cost, scrap hits and identify root cause and proper correction action.

A certifiable track record of improving and streamlining communication between accounting and all other Departments; resulted in better systems and increased profits.

Improved planning for future business changes.

Maintained business expenses and product costs to minimal, critically important during manufacturing down time.

Maintained good trending without significant fluctuation of unadjusted gross profit, manufacturing overhead and functional cost variances.

Created and implemented needed controls, which continuously safeguarded company assets.

Coordinated and led the annual standard product cost updates, labor rates, raw material consumption, outsourced and subcontracted operations quotes and products structures changes.

Maintained and developed production score cards.

Managed and drove the slow and obsolete inventory: cutting costs.

Constant bottom line eye on the inventory reconciliations between perpetual records and the G/L.

Set accurate standard costs for parts and machines: performing in depth cost comparisons.

Reviewed and streamlined Operations for all set up, testing & implementation of all different production processes that currently exist in MFG Pro.

Lead the Cost Accounting Team efforts implementing new ERP System (Movex M3), A.C. Specific Projects- M3 Implementation. Worked

Tirelessly with Operations for all set up, testing & implementation of all different production processes that currently exist in MFG Pro.

Maintained Allen distribution center accounting for A/R, A/P, intercompany, payroll, banking, manufacturing variances, purchase price variances, inventories, cost accounting (2008-2014).

Directed the Cost Accounting Team for worldwide standardization. Successfully on time, implemented new accounting software traveling to China, Sweden, and Texas; now used in 80 countries. Responsible for 2 divisions, $400 million, five full- time employees.

Achievements Highlights

Reviewed / changed Expense Inventory process and changed existing manufacturing B.O.M. working with Manufacturing & Engineering; turning the unfavorable -$1.1M expense recovery breakeven.

Managed and reduced the slow and obsolete inventory cost working closely with Strategic Resource and Manufacturing Engineering.

M3 Implementation - 2 years International Project: changing existing QAD MFGPro ERP system to Movex M3 Leading the Cost Accounting team implementation efforts for Garland Manufacturing, Allen Distribution and Re-manufacturing Center, all related processes mapping and subsequent accounting were all standardized in all manufacturing facilities in US, China and Sweden, sole team leader and system design architect.

Hosted newly acquired manufacturing company within ADS Garland facility and setting up all related process and workflows.

Atlas Copco Drillings Solutions, TX (ADS Product Company / Remanufacturing Center / Distribution Center)

General Accounting / Supervisor Sept ’08-Aug ‘11

Supervised all areas of General Accounting: Payroll, Intercompany A/P, A/R

Full and complete responsibility of bank and cash management ensuring company liquidity.

Worked closely with A.C. Tax Office: prepared all returns/provisions, financial analysis, and reports to Senior Management.

Full budget preparation and review with department expenses, evaluating and improved performance.

Responsible for all months end related tasks: accounts recons, prepared full cycle of FS, assuring all is in conformity with GAAP/IFRS.

Responsible for 2 divisions, $400 million. Five full time employees were under my direct supervision.

American Mold Guard, CA: (Service Company)

Senior Staff Accountant June ’06-April ‘08

Responsible for: A/R, A/P, nationwide payroll, bank reconciliations, journal log management

Preparation of full cycle financial statements quarterly & annual basis, quarterly analysis of financial budget, forecasting for upcoming quarter, monthly analysis & performance reporting to Board of Directors.

Appointed internal lead for remote branches serving Accounting, and Operational needs.

Functioned as Purchasing Agent and Transportation Manager of construction inventory.

Performed meticulous budget compilation, analysis, and presentations.

Unswerving resource for President, Controller, and Senior Management.

Commercial Capital Bank, CA: (Banking Industry)

Accountant Jan -June ‘06

Responsible for auditing A/P checks and bank reconciliations.

Journal entry management on Oracle platform with extensive and diversified various projects on Excel.

Provided comprehensive assistance, support with loan reconciliations.

Responsible for presentations on R.O.I.

King Tuts Restaurants Chain, NY: (Food and Beverage Industry)

Accountant May ’02-Jan ‘06

Responsible for: compilation, analyzing, and preparation required for all financial data.

Worked closely with CPA preparing State, Federal, and Corporate tax returns.

Responsible for both international accounting and daily domestic operations; preparing full cycle reporting, weekly, monthly, quarterly, and annually.

Ensured J.I.T. ordering monitored inventory levels keeping bare minimums, which eliminated any spoilage, saving costs.

Two employees under my direct supervision.

El Nasr Wool & Select Textile, Alexandria: (Product Company – Cotton and Textile Industry)

Accountant/Negotiation Specialist Jan ’99-May ‘02

Directed Financial QC task force for Alexandria’s 2nd largest public textile manufacturer.

Responsible for supervising tenders and approving accountability of transactions with the Accounting and Purchasing Department.

Ensured required supplies, raw material and equipment were acquired at lowest cost and highest quality, which substantially increased profits.

Worked directly with Business Development on future endeavors, projects and operations.

With my annual reviews, and tighter controls, improved revenue by $250K annually.

Two employees under my direct supervision.

Zoumoroda Group, Alexandria: (Service Center)

Accountant ’97-‘99

A/P, A/R, Collection, and Payroll.

Assisted CPA in the preparation of all full cycle and yearend Financial Statements, and tax return filings.

Internal Accounting Forensic Audits

Beacan Medaes - USA

Rock Hill Product Company - USA

Synatec GmbH – Germany

EDUCATIONAL BACKGROUND

C.M.A. - Certified Management Accountant - Institute of Certified Management Accountants

Executive Management Program - Stockholm School of Economics

Certified Personal Tax Preparer - H&R Block

I.T. Programmer/Developer Degree - Richland College

C.P.I.M. – Certified in Production and Inventory Management - S.C.E. Supply Chain Education

C.P.A. – Certified Public Accountant - California Board of Accountancy

Master Financial Accounting - Alexandria University

Master Computerized Accounting Systems - Alexandria University

B.S. Major: Accounting - Alexandria University

Language

BI-LINGUAL: ·English · Arabic ·Fluent in both: written and oral

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