Manager Accounting

MOHAMED SOFFAR

*********@*****.***

Egypt: +2-010********

Alexandria, Lourant

SUMMARY

For more than 20 years involved in all finance and accounting functions “General Accounting, AP, AR, Taxation, Budgeting & Reporting, Insurance and Treasury” at manufacturing, trading and contracting sectors. Applying IFRS and ERP system implementation. ACHIEVEMENTS

Finalize Long Term Loan with Alex Bank by amount of USD 30 Million.

SAP Implementation & Start Up.

Computerized Managerial Reports instead of Excel.

Improving Cash Collection by 30% by changing Accounts Receivable collection system.

Building finance team with excellent experience and minimum headcount.

Setup organization financial policies and documentation cycle. WORK EXPERIENCE

SAUDI EGYPTIAN INDUSTRIAL INVESTMENT (SEII) S.A.E

JANUARY 2020 TILL DATE

FINANCE SECTOR MANAGER

Management & Funds Management

Managing the staff and motivate them to achieve the desired performance

Oversee operations and design the needed framework to meet department desired goals

Prepare Forecast of cash flow positions and ensure that sufficient funds are available to meet current operational and capital investment requirements

Monitoring cash flow and predicting future trends

Maintaining and developing banks relationships & Managing regarding company long term and short term loans

Make regular meetings with management team cash flow in order to assure that adequate control is in place

Arranging new source of finance according to business need Budgeting & Financial Reporting

Manage the preparation of the company's annual budget

Report to management actual performance variances from the established budget, and the reasons for those variances

Providing and interpreting financial information

Prepare statutory financial statements

Report to CEO the company's financial results and clarify variances than budget

Make and review monthly presentation showing company financial reports

Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary Cost Management

Review monthly bill of material and report changes in material cost

Monitoring monthly job cost sheet and customer profitability sheet

Monitoring monthly segments profitability analysis

Providing cost reduction projects to managements Organization Startup Management

Update and implement all necessary business policies and accounting practices; improve the finance department’s overall policy and procedure manual

Participation in the formulation of long-term strategies and action plans and work on the development of financial management mechanisms that minimize financial risks

Monitoring and interpreting cash flows and predict the future and variables analysis and advice for the management of the company accordingly.

A policy of credit and collection and work on the follow-up of accounts receivable and oversee the collection.

Contribute to business growth through financial leadership and commercial operations support.

Manage the company's various accounts and cash management

Responsible for all revenue assurance activities.

Develop business plans, Assessing budget controls and headcount requirements.

Take the necessary action to make the new insurance policies and ensure the rates and follow-up all types of claims.

Ensure that all insurance policies giving the proper coverage and lower deductible.

Design chart of account and cost centers for SAP implementation INNOVATIVE PLASTIC MANUFACTURING COMPANY (PLASTTEC) S.A.E JANUARY 2017 TILL DECEMBER 2019

FINANCE SECTOR MANAGER

AL FATH AGENCIES & TRADING - EGYPT

OCTOBER 2013 TILL DECEMBER 2016

FINANCIAL MANAGER

EVYAP EGYPT SOAP PERSONAL CARE PRODUCTS AND DETERGENTS INDUSTRIES S.A.E - TURKEY MAY 2010 TILL SEPTEMBER 2013

COMMERCIAL FINANCIAL CONTROLLER

ALEXANDRIA FIBER

MEMBER OF ADITYA BIRLA GROUP – INDIA

OCT 2006 TILL APRIL 2010

CHIEF ACCOUNTANT

Dripco Group Al Ain - U.A.E

Drilling Division

Jan 2003 to Sep 2006

SENIOR ACCOUNTANT

ONYX Alexandria a business of CGEA Group an affiliate of Veolia- France Human resource Department

Nov 2001 – Jan 2003

Human Resource Specialist

El Hozaim Contracting Co. – Dubai – U.A.E

Senior Accountant

Aug 1998 – Dec 2001

Egyptian Petro Chemicals Co.

Member of Egyptian Petroleum General Association

Accountant

March 1998 – April 1998

Knowledge, Skills

Ability to prepare financial reports & analysis.

Ability to supervise and train employees, to include organizing, prioritizing, and scheduling work assignments.

Ability to develop, plan, and implement short- and long-range goals.

Ability to develop financial plans and manage resources.

Ability to gather data, compiles information, and prepares reports.

Knowledge of business practices and procedures.

Knowledge of budgeting cost estimating, and fiscal management principles and procedures.

Knowledge of finance, accounting, budgeting, and cost control procedures. Languages

Arabic Mother Tongue

English Very Good (Written & Spoken)

Computer Skills

SAP system

Working knowledge of Microsoft Windows, Access, Excel, Power Point, Word and Internet research skills.

Enter Click ERP system.

Sybase ERP accounting system.

Logo ERP accounting system.

Tally accounting system.

Education

University of Alexandria –

Bachelor of Commerce (Major Accounting)

May 1995

Alexandria, Egypt

The Arab Academy for Science and Technology

Certified Management Accountant (CMA)

November 2008

Institute of Professional Accountants

International Financial Reporting Standards (IFRS) January 2011

Other Courses

Strategic Thinking & Planning

Presentation Skills

Change Management & People Styles At Work

Creative Problem Solving

Ratio Analysis for Financial Statements (Gyanodaya – Adytia Birla India).

Teamwork: Proven Solutions to Frustration Problems (American Chamber of Commerce).

New Trends in the Documentary Credits UCP600.

Working Capital Management (The Arab Academy for Science and Technology).

Auditing course in faculty of commerce – Alexandria University.

Training course on social insurance system according to Egyptian law no.79.

Training in The Egyptian National Bank at the investment Department (3 months). Personal Information

Birth date: 01. Aug 1974

Gender: Male

Marital Status: Married

NATIONALITY: EGYPTIAN

DRIVER LICENSE: HOLDER UAE & EGYPTIAN DRIVING LICENSE

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