Mina Lotfy Ghatas B.Com (Accounts), CMA,CFM

Mahboula, Ahmadi, Kuwait

Email: ada17p@r.postjobfree.com Permanant Kuwait Mobile #: (009**-******** temporary Qatar Mobile # : (009**-******** Still my residency in Qatar is valid

Career objective:

Seeking a challenging career opportunity in a growth oriented organization where I can gain experience and improve my skills utilizing my academic background, experience, and interpersonal skills as skilled in the analysis of existing systems serves an internal business consultant to senior management and board members to maximize financial performance, develop long range strategic plans and evaluate capital expenditures.

Advanced post graduate studies:

Aug, 2005-Aug 2007 Certified Management Accountant (CMA) (USA)

Aug, 2005-Sep 2007 Certified Financial Manager (CFM) (USA)

Studied by the American University in Cairo share with Arab Academy for computer science

-Preparing to be certified CPA (USA) by end of year 2019

Exams Names 0n (CMA)&(CFM):

Part 1(CMA): Economics, Finance and Management

Part 2(CMA): Financial Accounting, Reporting and Analysis

Part 3(CMA): Management Reporting, Analysis and Behavioral Issues

Part 4(CMA): Decision Analysis, Information System and Internal Control

Part 5(CFM): Corporate finance

Member of the Institute of Management Accountants (IMA) (USA) -

Formal Education:

-2003 BBSA (Basic Business Skills Acquisition) scholarship sponsored by the FGF (Future Generation Foundation) by Berlitz Language Center Alexandria Egypt.

-1998-2002 Bachelor of Commerce, (Major Accounting) faculty of Commerce, Alexandria University

Professional Experience:

SASCO Aluminum Factory – Kuwait . Date: Nov., 2018 till Present

- Title: Finance Manager. Location: Kuwait, Kuwait City.

SASCO Aluminum factory has large factory for manufacturing all types for aluminum products .

Responsibilities

-Supervision on monthly financial statements such as Trail Balance, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Bank Reconciliation, Ad Hock reports

-Maintenance of accounting records and books in alignment with IFRS

-Develop cash flow forecasting and maintain a long term cash forecast

-Responsible for preparing financial feasibility study using NPV, IRR, ROI and other technical financial tools.

-Responsible to prepare project financing reports using Weighted Average Cost of Capital (WAAC) method.

-Implementing ABC costing method to allocate indirect costs of the organization by using multiple rates of allocations

-Reviewing and supervision all the tasks related to finance department.

-Analyzing actual manufacturing costs, comparing standard costs to actual and preparing periodic reports on variances

-Cost Control Monitoring Reports and KPI based on budget and Loaded Resources

-Analysis the financial statements and determine the weakness points and the strength points and making recommendations reports

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Wataniya Sponge Factory and Medical Mattress – Kuwait . Date: Nov., 2016 till Nov-2018

- Title: Finance and Admin Manager, Deputy CEO . Location: Kuwait, Kuwait City.

Wantaniya Sponge Factory largest specialized in producing all the types of sponge and medical mattress in Kuwait, has four factories, producing monthly 20,000 brand mattresses, total manpower 300 staff, owned 10 showrooms across Kuwait.

Responsibilities

-Reviewing and supervision all the tasks related to finance and admin department .

-Reviewing the cost of foaming sponge and mattresses, and its pricing

-Study the pricing decision for sponge and mattresses based on the other competitors

-Prepare the safety stock for blocks sponge, mattress, raw material, and giving instructions to foaming manager, and factory manager.

-Setting monthly targets for production of sponge and mattress based on numerous studies, also for monthly sales.

-Review the design of mattress and reviewing the quality control, determine the defective products rate.

-Negotiate the price for raw material with international suppliers, and follow up the shipping documents

-Trying to increase the market share for the company in very competitive market by study competitors behavior, also by Appling the discount, and study the cost of discount.

-Reviewing all ad hock report for finance department,other departments.

-Preparing reports to determine each cost of foaming whether over costing or under costing .

Kabbani Construction Group (KCG), BMC & QCTC - Qatar.Date: Aug., 2014 till Nov-2016

- Title: Group Finance Manager BMC& QCTC (Qatar Construction Techniques Co).

Location: Qatar, Doha.

Responsibilities

-Reviews contract drafts for adequacy of cost and scope definition and Project controls requirement.

-Supervision on monthly financial statements such as Trail Balance, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Bank Reconciliation, Ad Hock reports .

-Manage the cash flow such as Prepayments schedule, schedule of Post-dated Cheque issued, schedule for loans payable, cash advance ( Advance Payment Bond, Retention Bond )

-Monitor the company cash position of all banks accounts and transact with bank on matter such as cash deposits, CIF, terms of loans, terms of Bonds, LCs, and LGs, negotiate with bank for bank facilities .

-Experience in handling salary transfer for company employees through new system WPS .

-Supervise and assess the work of staff for finance department.

-Manage the annual audit process, ensure that all information requested by external auditors is produced accurately and in a timely manner.

-Resource Loading with Manpower, Cost Materials, and Equipment as well as quantities.

-Reviewing the retention and advance payment progress for customers.

-Reviewing the POC ( Percentage Of Completion for projects )

-Reviewing the cost estimate sheet for construction projects.

-Cost Control Monitoring Reports and KPI based on budget and Loaded Resources.

-Ensure that fixed asset database is maintained with all required details regularly reconciled to physical assets inventory and general ledger.

-Directs budget preparation and review cycle efficiently by ensuring the timely and accurate compilation of annual business unit budget.

-Make recommendations for improving financial operations and the position of the company.

Kabbani Construction Group (KCG), Head Office. Date: Oct, 2013 till Aug-2014

- Title: Group Budget and Planning Director, Deputy CFO.

Location: Jeddah,Saudi Arabia .

- Kabbani Construction Group (KCG) is the contracting vehicle of the IKK Group of Companies which is one of the largest and oldest business institutions in Saudi Arabia. Established in 1977 as a

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modest roofing contractor in Jeddah, KCG over the years, evolved to become by far the largest

specialized subcontractor in water proofing, concrete repair, maintenance, oil field services, security and networking, industrial insulation, etc. Recently KCG entered the field of construction management to make use of its expertise in the field of construction, its huge professional labor force and great experience in providing effective solutions to intricate construction problems, serves the entire Saudi market through its numerous branches across the Kingdom, as well as the Middle East by way of its affiliates in the UAE, Qatar, Egypt, Lebanon, Bahrain & Oman.

Responsibilities:

- Founder budget and planning department and management accounting department at Kabbani Construction Group (KCG)

- Supervise monthly close process, reconciliations, charges, journal entries and P&L, Cash flow forecasting and changes to new/existing bank accounts.

- Responsible for preparing annual and quarterly financial statements (Balance Sheets, income statement, statement of cash flow)

- Maintenance of accounting records and books in alignment with IFRS

- Ensuring adequate and correct funding structure, taking into account the business needs

- Management of working capital, with specific emphasis on accounts receivable, implementing an effective credit policy in line with Group standards

- Implementations of effective inventory management systems, with specific emphasis on adequate

Accounting of consumption and periodic inventory verifications.

- Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state accounts, for board of directors; oversee the preparation and communication of monthly and annual financial statements

- Serve as a key point of contact for external auditors; Manage preparation and support of all external audits

- Ensure timely payment of dues to company employees, vendors/ subcontractors etc and also follow up for timely collection of due payments from Customers including verification of all payment requests/ Invoices.

- Monitor adequacy of funds and report anticipated cash deficiencies and preparation payment to creditors and payroll.

- Support the long-term growth of the company identifying qualified opportunities for potential joint

Ventures, acquisitions, mergers etc.

- Establish financial and accounting policies, procedures, controls, processes and systems

- Ensure that the property, assets and liabilities of KCG are adequately protected against risk and report any deficiencies top management, also ensure that all such contracts, policies, leases and other legal and financial records are kept secure and up-to-date.

- Develop cash flow forecasting and maintain a long term cash forecast

- Prepare accounts and reconciling balance sheets

- Arrange finance requirements with banks and ensure timely settlements

- Negotiate with banks to have better interest rate

- Improve company profitability by reducing overall bank and finance charges

- Provide and interpret financial information

International Medical Center (IMC). Date: Jan, 2012 till Oct, 2013

- Title: Budget and Planning Director, Accounting Manager. Location: Jeddah,Saudi Arabia .

Num of beds:450 Revenue turnover : 2 billions SAR Total Staff :3000 Num of OR: 20 Num of Procedure Rooms :35

Responsibilities:

- Manage the accounting activities so that daily, monthly and annual accounts are accurate and up-to-date as per the accounting standards of the Company

- Responsible for preparing annual and quarterly financial statements (Balance Sheets, income statement, statement of cash flow)

-To ensure that proper books are maintain in accordance with IFRS/GAAP/IRS

- Monthly close process, reconciliations, charges, journal entries and P&L

- Oversee all finance, accounting, investments and audit functions at the Company

- Leads the preparation of accurate monthly, quarterly and yearly tax, and statutory reports

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- Ensure that all sales invoices are issued in a timely and accurate manner

- Manage the payable function so that all supplier dues are fully justified and authorized. This includes maximizing price advantage, utilization of credit period and supplier relations

- Ensure that credit policies are understood and facilitate in debt collection..

- Responsible for preparing financial feasibility study using NPV, IRR, ROI and other technical financial tools.

- Responsible to prepare project financing reports using Weighted Average Cost of Capital (WAAC) method.

- Preparation of comparative analysis of acceptability of new projects and make

Recommendations to top management based on the prepared reports.

- Responsible to evaluation of purchasing of medical equipments and giving approval to process its purchases.

- Monitoring and maintaining the Capex request based on the approved budget and responsible to approve purchase request.

- Responsible to advise the top management about the priorities of investment based on the availability of financial liquidity position.

- Preparation of What IF analysis by using sensitivity technique to evaluate any future project.

- Responsible for preparation of MIS report and adhoc reports.

- Discussing with top management about short term and long term plans and brainstorming for future investment opportunities.

-Member of evaluation committee for new software Microsoft Dynamic, and Oracle finance (budget Module) .

-Responsible for implementation and integration new system Microsoft Dynamic with current system HIS and preparing the flow charts, polices and procedure.

- Responsible for preparation of profitability of various departments as well as Physician wise profitability report.

- Responsible to prepare the costing of various packages, surgeries and different kind of activities occurs in the hospital ultimately setting the pricing strategy accordingly.

- Implementing ABC costing method to allocate indirect costs of the organization by using multiple rates of allocations.

- Member of purchasing committee and authority to give recommendation to wards purchasing of capital as well as non capital items.

- Supervision a team of financial analysts work for budgeting and planning.

- Preparing budget for IMC from bottom to top level working. This is being applied first time in the history of this organization and founder of budget and planning Department at IMC.

- Responsible for generating any kinds of reports from HIS system, Vision system, Oracle.

Dubai Government, Dubai Health Authority, Budget Division. Date: Aug, 2010 till Jan,2012

- Title: Budget and Planning Specialist and Consultant. Location: Dubai.

I was promoted as per request of the General Director of Dubai Health Authority as Budget and Planning Specialist and Consultant.

The annual expenditures budget of DHA approximately (4000) million Dirham’s and total Staff (11,000) employees, DHA include Six hospitals and (20) health centers and peripheral Clinics, especially centers more than Eight centers.

Responsibilities:

1) Budget preparation responsibilities.

-Identify the estimates of new proposed products or services involved costs and ultimately setting the pricing strategy accordingly.

- Consolidate preparation, review and analysis of proposed annual departmental budget and programs based on departmental plans and objective.

-Supervision on preparation the annual ceiling for expenditures that reached (4000) million dirhams, revenue generation ceiling that reached (500) million dirhams.

- Provides management with reports specifying and comparing factors affecting prices and profitability of new and current services.

- Creating financial Feasibility study of the major investment projects, therefore assessing whether to buy or lease invest decision.

- Supervision on preparation OPEX and CAPEX, projects, investment budgets and forecasted revenue generation budget.

- Implement concepts of MBO (Management by Objectives) in decision making process, and setting policies and procedures across DHA.

- Analysts to ensure that Dubai strategic plans is implemented in a manner that supports the achievements of Dubai Health Authority missions and short and long term goals.

-Analysis and develop KPIs (Key Performance Indicators)

- Implementing ABC costing method to allocate indirect costs of the organization by using multiple rates of allocations.

- Recommends cost efficiencies in new services layouts by studying the life cycle for this service.

-Giving consultation for issues related to preparation, execution, analysis and efficiency of annual budgets.

2) Budget analysis and execution responsibilities

- Analysis and discussion, distributed actual vs. budget monthly reports.

- Ensure that final, approved budget is adhered by hospitals and departments.

- Ensure that approved budget uploaded on GRP system (Oracle Finance) and prepare reports and giving consulting.

-Apply performance based budget concepts across Dubai health Authority.

- Develop the efficiencies of budget expenditure through cost reduction concepts, and enforcements projection of revenue generation.

-Discusses and analysis the budgets amendments and prepare reports to group management.

-Coordinate between Department OF Finance (DOF) and Dubai Health Authority (DHA) in concerns preparation and execution annual budgets and revenue generation.

Dubai Government, Department Of Finance, Budget Division. Date: Aug, 2008 till Aug, 2010

- Title: Senior Financial Analyst & Senior Budget Analyst. Location: Dubai.

Responsibilities:

-prepare studies on all financial crises in order to implement an efficient utilization of the public fund

- Creating financial Feasibility study of the major investment projects.

- Design the budget templates and submit my recommendations into the decision makers.

- Analyzes actual costs and prepares periodic reports by comparing standard costs to actual costs.

-Consolidate the departmental budget and submit the consolidated budget to budget committee.

-Distribute the approved budget to all government departments.

-Coordinate with all government departments for any budget amendments like Dubai municipality, Dubai Health authority, Dubai metro to be ensure not exceeding the annual approved expenditures .-

-Giving consultancy to the departments under my responsibility concerning the budget preparation like Dubai municipality, Dubai Health authority which has positive effect of enhance fund efficiency

-Member of the Dubai government Hyperion committee, responsible for the final evaluation of the Hyperion automation system, which was planned for full implementation by end of 2011.

Experience using an ERP package-Oracle based financial reporting system and prepare Adhoc report.-

Reem Readymix Multinational Manufacturing Company one company from Royal Group.

- Date: April, 2007 – August, 2008 Location: Abu Dhabi

- Title: Senior Accountant & Senior Budget & Planning Analyst

Responsibilities:

-Prepare annual and quarterly Cash Flow Forecast, Balance Sheets, Income Statements and Financial Position Statement

-To ensure that proper books are maintain in accordance with IFRS/GAAP/IRS

- Designed and implemented operational waste reduction methods to improve cost efficiencies

- Assisted production engineers in determining the monthly required raw material amounts for planned production quantities .

-Consulting the general manager concerning how to minimize manufacturing cost and maximize the profit by implementing ABC costing method and improve the life cycle costing analysis.

- prepare and analysis breakeven point by products and by company.

- Prepared monthly basis management production report, power consumption comparison report, waste analysis report and raw material average consumption

- Responsible for preparing annual and quarterly financial statements (Balance Sheets, income statement, statement of cash flow)

-Analysis the financial statements and determine the weakness points and the strength points and making recommendations reports.

- Responsible for coordinating and preparing the annual budget process for all departments (consistency with the budget templates, budgeting policies and procedures, and the budget calendar)

- Responsible for preparing financial feasibility study using NPV, IRR, ROI and evaluate invest or lease decision .

- Analyzing actual manufacturing costs, comparing standard costs to actual and preparing periodic reports on variances

- Prepare sensitivity analysis for any unexpected price changes for the components of the recipe. - Comparing the monthly consumption ( Qty &Value ) for all stores with the same of previous months, and then investigating the diff. with store responsible before sending report to top management .

- Prepare and distribute regular and ad hoc financial analysis and reporting on budget variances, helping identify key issues and potential corrective action.

VirgiTech Multinational Corporation for trading, one company of Amon manufacturing group.

-Date: June 2002- March 2007 Location: Egypt

-Titles: Junior Accountant & Senior Accountant & Senior Financial Analyst

-Senior Accounting Responsibilities. Date: June 2003- March 2007

-Prepare annual and quarterly Cash Flow Forecast, Balance Sheets, Income Statements and Financial Position Statement

-Preparing invoices for corporations and follow up collections then prepare related reports

-Monitor the daily sales and the collection processes, and then prepare related reports

-Responsible for Inventory Control and Fixed Asset Control.

-Prepare physical count for assets.

-Maintaining and reconciling of bank account

-Prepare all accounting tasks related to projects (i.e., PFCE – Partners for a Competitive Egypt, JDP- Junior Developer Program).

-Prepare the annual and quarterly budget for (sales, collection and expenses) then comparing budgeted and actual results to analyses the variances and report it to the group management

-Negotiated and discussing financial data with taxes authorities and reply inquiries regarding financial statement and tax report.

- Senior Financial Analyst Responsibilities. Date: June 2003 – March 2007

- Using ratios to analysis financial statements and determine the weakness point in the company

- Prepare reports to the group management and follow up solutions

- Analyze the performance of the company and compared it with other company in the same field, then prepare recommendation reports to group management.

- analyze all the variances that related with actual result and budget result and determine the type of this variance, who is responsible for this variance and make reports to group management

-Junior Accounting Responsibilities. Date: June 2002- June 2003

-Using Peachtree program for all accounting tasks.

-Making all entries

-Responsible Petty-Cash and prepare related reports

-Preparing custody reimbursement reports

-Responsible for all bookkeeping tasks

Skills, activities and interests:

Computer skills

-23/1/2007 Certified ICDL (International Computer Driving License)

-21/3/2005 Certified MOS Expert (Microsoft Office Specialist for Excel 2003 Expert)

-24/2/2005 Certified MOS Specialist (Microsoft Office Specialist for Outlook 2002 Specialist)

-Mastering of Operating System Windows 98, XP and ME

-Mastering of MS Office 98, XP and 2003 (Win Word, Excel, Access, Outlook, and Power Point)

Applied financial skills:

As a senior accountant plus financial analyst and by my professional background studying and certification in CMA,CFM, I helped to improve the level of my firm by an applied implementations of the practical

parts studied in setting the firm budget, financial statement preparation and analysis using ratios, setting effective internal control, setting finance resources for investment, revenue recognition and risk management, applied IFRS, US GAAP, IAS, IPSAS standers on my firm.

Communication skills

Mastering of able form communicate via business reports e-mails plus communication

and negotiation skills

Language skills:

- Arabic: mother tongue

- English: fluently spoken and written

- French: basic knowledge

Professional Training:

-Course Title: Statistical Tools & Techniques (SPSS) Location: Dubai

Date: 7/ June/2009 – 11/June/2009

Managed By: Dubai Government, Department Of Finance

-Course Title: Managing Budgets during Recession Location: Dubai

Date: 5/ April/2009 – 9/April/2009

Managed By: Dubai Government, Department Of Finance

-Course Title: Defining & RE-Engenring Work Processes Location: Dubai

Date: 22/ March/2009 – 26/March/2009

Managed By: Dubai Government, Department Of Finance

-Course Title: International Public Sector Accounting Stander (IPSAS) Location: Dubai

Date: 5/ October/2008 – 9/october/2008

Managed By: Dubai Government, Department Of Finance

Part time Instructor (list of workshops and courses still teaching till now) :

- Preparing financial statements, analysis financial statements, US GAAP,IFRS for accounting standers, preparing budget for private sector, preparing budget for government sector, managerial accounting, financial accounting, cost accounting, principles and intermediate,advanced accounting, Macroeconomics and Microeconomic, international economics, time value of money, internal control, internal auditing, Management By objectives ( MBO), reasonability of accounting .

From Aug /2014 till now

- in Doha, Qatar, for teaching CMA, CFM,CPA courses

From Jan/2008 – Jan/2012

- Gliem Institute in Sharjah, United Arab Emirates, for teaching CMA, CFM,CPA courses

From June/2008 – Jan/2012

- International Language Institute, Sharjah, UAE, for teaching CMA,CFM,CPA Courses

From Sep/2008 – Jan/2012

- Genius Institute in Dubai, United Arab Emirates, for teaching CMA,CFM courses

From Aug/2008 – Jan /2012

-Expert training center in Dubai, United Arab Emirates, for teaching CMA,CFM courses

From Aug.2006 till March, 2007

- American University in Cairo sharing with Arab Academy for Computer Science for teaching CMA,

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Personal data:

Date of birth: July 13th 1981

Place of birth: Alexandria, Egypt

Gender: Male

Nationality: Egyptian

Military service: Permanently Exempt

Marital status: Married

P.S. 1) UAE, Qatar, Kuwait,KSA, Egypt Private Car driving license are available. Private car is available

2) No objection Letter (NOC) available

3) Bedside my current residency in Kuwait, still my residency in Qatar is valid.

REFRENCES FURNISHED UPON REQUEST

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