Accounting Manager Financial

Tarek Mohamed Esmat Bakr

Address : Sheikh Zayed - Egypt

Mobile No. : +20-100*******

Email Address: ********@*****.***

Key Competencies:

•Management Accounting

•Financial Analysis

•Forecasting

•Decision Making

•Cash Management

•Budgeting & Reporting

•Cost Reductions

•Results Orientation

•Technology Integration

•Regulatory Compliance

•Efficiency Improvements

•Teamwork

Career Experience:

SKY CTS – Subsidiary of Sky Group (Feb 2019 – Till Now)

Group Logistics Accounting Manager

Major Achievements:

1-Integrating the ERP Inventory and Assets Modules with the financial Module to generate a complete system to monitor, control and evaluate the Inventory and Assets.

2-Review all the transactions on different modules and its effects on the finance module regarding financial account no.

3-Set improvement plans for Main Yard and W/H, in the phase of changing Logistics Department to a profit center rather than cost center.

4-Implementing the new Oracle ERP with the new company and putting go live plan to start implementation and integration of the whole system.

Hereunder some of Job Duties and Responsibilities

Manage and oversee warehouse, inventory control, material handling Accounting Process

Control the flow of incoming materials and outgoing materials to ensure customers receive products on time (All Transactions are through Oracle ERP System / Inventory Management and Stock Control Modules)

Prepare reports for upper management; negotiate shipping and supplier costs, and work to improve the efficiency of the company’s supply chain.

Fixed Asset Activity – Overseeing the movement of fixed assets between different projects and organizations with in the company. Technical reports presented from Equipments / Machines Maintenance Department regarding the status of the company operating assets (Operating / Needs Maintenance / In Maintenance / Needs to be retired). Further actions taken according to each status.

Transportation Services providers contracts review and approval

Overseeing the Free zone Transactions and inventory balances

LEEDS Corp – Subsidiary of Sky Group (July 2017 – Jan 2019)

Accounting Manager

Major Achievements:

1-Unifying the whole finance team together under one flag with a unified concept and understanding of the accounting cycle and applicable policies and procedures in the company.

2-Improving the knowledge and implementation of the current ERP system available and emphasizes on the best use of such system in our daily/Monthly and Yearly requirements

3-Set improvement plans for each employee, either by personal coaching or by training and developing plans to invest in people as an asset.

4-Develop some reporting templets for better presentation of data and information required by the top management

Hereunder some of Job Duties and Responsibilities

Manage and oversee the daily operations of the accounting department including:

Month and end-year process

Accounts payable/receivable

Cash Receipts

General Ledger

Payroll and Utilities

Treasury, Budgeting & Business Plans

Cash Forecasting

Revenue and Expenditure variance analysis

Capital Assets Reconciliations

Fixed Asset Activity

Monitor and Analyze Accounting Data and Produce Financial Reports or Statements

Establish and Enforce proper accounting methods, policies and principles

Coordinate and complete annual audits

Improve systems and procedures and initiate corrective actions

Meet financial accounting objectives

Establish and maintain fiscal files and records to document transactions

Harley-Davidson Wroclaw Appaloosa – Poland (2015-Dec 2016)

Finance lead

Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.

Advise on investment activities and provide strategies that the company should take

Maintain the financial health of the organization.

Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.

Develop trends and projections for the firm’s finances.

Egyptian Maintenance Company -Oil & Gas (2012-2015)

Finance Head

Ensure proper books of accounts are maintained in accordance with GAAP and required monthly accounts reports and forecasts are generated on time.

Positively contribute to the profitability growth of the division by working closely with managers and providing financial analysis and advice.

Review monthly operating statements, investigating and explaining actual to budget variances, identifying the cause of variance and evaluating all associated key performance indicators.

Managing information to both internal and external auditors.

Responsible for the implementation and control of all procedures set (purchases, receiving, sales central cashier, capital expenditures, inventory, cash and bank)

Egyptian Maintenance Company -Oil & Gas (2009-2012)

Treasury Section Head

Oversee the Liabilities of Area Vendors and Subcontractors. Considering these Liabilities to Payment Schedules to be paid in due dates.

Maintaining the liquidity of funds in order to facilitate operations in more efficient manner.

Tracing all collections from clients to adjust the cash flow reports in order to maintain better liquidity position.

Payment of Salaries on due dates to different payroll lists during the month.

Preparing the Bank Reconciliation at the end of the month to adjust any variances and to be solved and inspected.

Egyptian Maintenance Company -Oil & Gas (2007-2009)

Projects Cost Controller

Review the As Sold budgets prepared by the operations department before approval from top management.

After approval, the budget is put into action and start to review every expense on this budget, to recognize revenue according to different revenue recognition methods.

At the end of the month, we prepare the cost report and variances report and to be sent to operations department for information and inspection.

Several reports are prepared on monthly or quarterly basis for controlling and discussion with top management.

Egyptian Maintenance Company -Oil & Gas (2004-2007)

Accounts Payable Accountant

Receiving invoices or progress reports from vendors or subcontractors with the related documents for review.

Feeding the payable system with the received invoices to be considered in the payment plans according to agreed payment terms.

Key Responsibilities & Accomplishments over my Career:

Driving a complete financial planning model by strengthening operational teams’ ability to plan, control their standalone budgets cascaded from a 5 years’ plan, company vision/mission statements. And, give broad financial visibility on short, long-term horizons to senior executives.

Reducing operational costs with no effect on top line achievements by introducing departmental KPI’s in commercial, production, logistics, supply chain and HR.

Enhancing profitability margins by managing different project teams in areas like raw materials prices, MOH cost saving plan, workforce rationalization, product costing structures, pricing committees… etc.

Keeping healthy working capital & liquidity ratios by introducing company’s credit policy, perpetual revision of customer credit limits, customer collections, supplier contracts/terms of payment to assure proper balancing of cash in/outflows.

Building a sound system of internal controls to safeguard company’s long/ short-term assets, by conducting regular physical count on inventories, fixed assets. Besides, regular revision of business processes (Purchasing cycle, S&OP cycle, warehouse controls, Budget cycle… etc.) with an auditor eye to enhance performance, increase productivity, reduce complexity aiming at reducing costs.

Releasing yearly operation & capital expenditures budget, updated forecasts & business plans.

Producing financial reporting packages for internal/external use, financial statements, disclosures, Actual/Budget reports.

Engaging in pricing (Tenders) and cost decisions.

Driving financial planning processes and capital budget decisions

Offering complete and comprehensive financial reporting system, analysis and forecasting of the Balance Sheet and Income Statement. By undertaking an integrated approach to Budgeting, Strategic Planning and Monthly Financial Reporting.

Annual Budgeting & Performance Analysis: Efforts are first directed towards preparing a detailed Annual Budget which becomes the foundation for the company’s Performance Analysis and Forecasting Systems. Each month, the Budget is then compared to the company's actual performance. The Performance Analysis also includes a current month, prior month, and year-to-date and prior year comparison.

Provide an updated business forecast (project Development) which captures the true dynamics of the Balance Sheet and provides a credible view of the future direction of the company's performance.

Professional accounting and supervisory work, in the area of financial reporting, with primary responsibility for monitoring and controlling a variety of complex non-financial processes.

Preparing financial statements and reports, reconciling accounts, developing and implementing accounting systems, and supervising a staff of professional and accounting clerks who perform similar work (Fixed Assets, inventories, receivables, payables, taxation, treasury).

Exercise considerable independent professional judgment and initiative in solving complex accounting problems, modifying and/or designing systems and procedures and coordinating staff to ensure management's financial information needs are met.

Other Professional Experience:

NSGB (2001 – 2002)

SG Life Insurance Company NSGB

Allianz Insurance ( 2000 -2001)

Underwriter

Education:

•High School:

Name: Manarat Al-Riyadh

Country: Saudi Arabia

City: Riyadh

Degree: 92%

Completion year: 1994 – 1995

•Bachelor’s Degree:

University : Faculty of Commerce Alexandria University

Major : Business Administration - English Section

Country : Egypt

Post Graduate Studies & Training Courses:

Course Name : Certified Management Accountant (CMA)

Institution : Institute of Certified Management Accountant, U.S.A.

Duration: 3 Years.

Parts Completed:

Part 1 (Old Program) - May 2009:

•Micro, Macro & International Economics.

•Financial Analysis.

•Statistical Analysis.

•Internal Control.

Part 1 (New Program) – May 2011:

•Planning, Budgeting & Forecasting.

•Performance Management.

•Cost & Managerial Accounting Management.

•Internal Control & Professional Ethics

Course Name : ORACLE E-Business Suite

A- Accounting Concepts for ERP System Using In Corporates

B- R12i ORACLE E-Business Suite "Financial Track"

R12 Oracle E-Business Suite Essentials for Implementers

R12 Oracle General Ledger Management Fundamentals

R12 Oracle Payables Management Fundamentals

R12 Oracle Receivables Management Fundamentals

R12 Oracle Asset Management Fundamentals

R12 Oracle Cash Management Fundamentals

Language Skills:

•Mother tongue: Arabic

•Second Language: English

•Third Language: Polish

Personal Information:

•Date of Birth: 1977

•Marital Status: Married

•Military Status: Completed

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