Chief Accountant Analysis Manager

Ahmed Hamed Abdelgwad

EGYPTAIR CHIEF ACCOUNTANT U.S.A

Profile

Growth-oriented, visionary strategist and change with 20+ years of Finance, highly collaborative, influential, and experienced senior leader responsible Managed Different Dept throughout my career in Finance. A confident, multi-skilled & capable accountant with excellent knowledge of finance & accounting procedures. Exceptional analytical & problem-solving skills & able to provide financial information to all areas of the business. Pursuing a new & challenging accountancy position will utilize and improve my existing skills and experience & also further my development while contributing to the future success of the organization. Employment History

EGYPTAIR CHIEF ACCOUNTANT U.S.A

August 2017 — Present

Daily e-treasury tasks:

• Manages the account receivable team to post customer payments cash, checks & credit card transactions. Updates receivable accounts including the unpaid invoices and secure collections of all debts in a timely manner. Also, examining customer payment plans, payment history and credit lines

• Manages all cash management functions including cash, wires and accounts funding.

• Manages all AP Accounts from entering the invoice, seek for approval to ERP entering then reconciling intermediate accounts

• Ensures and maintain adequate liquidity and financial stability for working capital needs and invests short term excess cash and risk management related to the company's financial activities

• Ensures compliance with the US banks regulations, policies and procedures. Tax and financial reports:

• Authorizes and submits all the taxes and fees applied by the New York state such as the US Customs User Fees (CUF), Immigration User Fee (IUF), Animal and Plant Health Inspection Fees (APHIS), Passenger Facility Charges (PFC), USA passenger security fees, US international transportation tax 720 Tax form and Petroleum Business tax return PT-100

• Prepare all the periodic financial reports and statements required by the US laws including income statement, statement of cash flow, balance sheet and statement of retained earnings

• Manages company’s budget to maximize revenue and discover any cost saving opportunities

• Manages his team to perform the monthly traffic reports required by the US DOT (US Department of Transportation) which are the T-100 and the Disability Statistic Report

Details

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

NATIONALITY

Egyptian

Skills

Communication Skills

Leadership

Human Resources Management

Contract negotiation

Self-motivation

Team building

Presentation skills

Business development

Budgeting & Forecasting

Optimization

Languages

English

Arabic

Meetings and communications:

• Reviewing and authoring all the operational and marketing contracts such as airport authorities at JFK, ground handling agents (Swiss Port), sales agents’ contracts (Expedia, Priceline, TWT...Etc.) and hotels (Springhill, Courtyard

&Aloft)

• Meets with the bank’s representatives, internal and external auditors, insurance companies such as FEI, Met Life, Aetna, Oxford and Sun life

• Communicates within New York Branch for any changes to the sales policies in the company. Also, EGYPTAIR holds a two consecutive days meeting on a quarterly basis with the chief accountants of the worldwide branches to review the business projections and next quarter targets. Daily, monthly, quarterly and end of year financial recording and reconciliation tasks:

• Handling all the refunds through Amadeus reservation system

• Reviewing and auditing the daily ticket issuance from our ticket office(fare pricing, taxes……)

• Reviewing the unautomated tickets issued by our agent on monthly bases and issue debits if necessary

• Handling all the charge back case raised to our accounts, study cases and prepare the proper document, submit it to remedy the charge back (less than 2% of the charge back cases lost last year)

• Supervises Performing the daily financial data entry, posting and reconciliations all transactions through the systems linked to the mainframe to SAP System, Costing Modules System, Cargo Spot System and Airlines Reporting Corporation (ARC) debit memo manager System.

• Daily ledger and journal entry and records (AP/AR)

• Monthly general and standard journal entries (month and system closure)

• Income and balance sheet statements, account reconciliations, financial reports

• Balance sheet reconciliation

• Prepare the Daily, monthly, quarterly and end of year financial reports to be presented the top management

• Supervises his team sending and receiving all invoices with other airlines, customers and suppliers in a timely manner

• Supervises and guides the chargeback team to present the adequate evidence and documents to banks or collecting company (First Data Processing Merchant Company)

Passenger and cargo activity:

• EgyptAir operates at JFK airport a daily flight with Boeing 777-300 aircraft with the capacity of 346 passengers and 25 tons of cargo on each direction which requires the chief accountant of EGYPTAIR New York Branch to secure the recording and tracking of the load factor of each flight, as well as, to solve any arising problems during the daily operation process including the communication with the handling agents (Swiss Port- CAS) for the services, Crew transportation company (Golden touch), Crew Hotel accommodation

(Aloft) and the lost baggage claims that may occur Handling payroll and local staff:

• Charge of supervising the payrolls through communicating with the payroll company ADP to perform the bi-weekly payroll and he updates them with any changes that may occur such as new hires, severance retirement payment or raises

EGYPTAIR FINANCIAL ANALYSIS MANAGER

March 2003 — July 2017

• Follow up with his team preparing the company reports which include but not limited to “Route profitability, Profit & loss analysis report, Financial performance, Cost analysis report, Actual Vs. Plan financial report” on monthly, quarterly & annually basis

• Review and discuss the above-mentioned reports with the board of directors and present all the requested documentation/clarifications that might be needed

• Deliver and discuss the annual report concerning the investments held by the company

• Provide analysis of trends and forecasts and recommending actions

• Evaluate the financial performance of the company by comparing actual results to plans and forecasts

• Perform the necessary market research to apply reasonable financial performance indicators

• Reporting to senior managers regarding the company’s finances.

• Processing year end accounts.

• Accurately and promptly processing documentation.

• Dealing with any financial irregularities as they arise.

• Preparing monthly financial statements.

• Preparing annual financial statements.

• Preparing annual and quarter consolidated financial statements.

• Carrying out any other accounting related duties as assigned by the accounting management.

• Liaising with internal and external auditors as required

• Assisting in annual and monthly budget preparations.

• Carrying out any other administrative and operational duties as required.

• Producing accurate financial statements.

• Carrying out general accounting and administrative duties as necessary.

• Prepare the consolidated financial position.

• Analysis of the increase (decrease) throughout the year.

• Maintain the appropriate KPI`s in Aviation business. EDUCATION

Bachelor’s degree - Commerce (Accounting) 1998-2002 COURSES

• Training Course on a “Leadership Development & Succession Planning”.

• SAP Accounting System (Flight Order (ERP)

• Costing Accounting Course

• Financial Standers Training course

SKILLS

Language and Computer Skills

• Fluent in spoken and written English & Arabic and fair knowledge of French.

• Excellent knowledge of MS Office applications: Word, Excel (VLOOKUP, pivot table……etc.), Project and

Power Point (more than 7 years’ experience)

• Excellent Knowledge in Microsoft Visio.

• Amadeus reservation and accounting system

• Excellent Knowledge and user of SAP ERP Accounting system.

• Excellent Knowledge and user of Sirax Revenue system. Communication Skills

• Presentation: Developed ability to produce reports and presentations to a professional standard.

• Interpersonal/Communication: Strong team working, leadership, deal effectively with a wide variety of people & handle conflict successfully

• Problem Solving: Ability to quickly analyze a problem and develop an effective solution

• Organizational: Effective at time management and prioritizing tasks to achieve deadlines.

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