Moataz Ibrahim

Moataz Ibrahim Email and Phone Number

Chief Financial Officer / Financial Director @ CLA Alaufi & Alharbi
Moataz Ibrahim's Location
Egypt, Egypt
About Moataz Ibrahim

Dynamic and results-driven senior accounting and finance professional with over 14 years’ insightful experience, providing financial leadership and direction in continuously improving business performance in a sustainable way. Expert in delivering complex accounting services, creating growth plans, making financial projections and directing the staff for attaining financial goals.• Skilled in managing the full cycle of financial accounting, including preparing monthly/annual financial statements, general ledger, journal entries, bank reconciliations, balance sheet reconciliations and AR/AP. • In-depth knowledge and skills in conceptualizing and implementing financial policies and procedures including working capital management, internal financial controls, and project financing and costing. • Proven ability to improve operations, impact business growth & maximize profits through contributions in financial management, cost reductions & productivity improvements. • Able to strategize and frame a highly potential finance team to drive disciplined growth and strengthen controls. Possess solid communication and interpersonal skills to establish rapport will all levels of staff and management.

Moataz Ibrahim's Current Company Details
CLA Alaufi & Alharbi

Cla Alaufi & Alharbi

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Chief Financial Officer / Financial Director
Moataz Ibrahim Work Experience Details
  • Cla Alaufi & Alharbi
    Financial Director
    Cla Alaufi & Alharbi Jun 2023 - Present
    Saudi Arabia, Egypt
  • Unipower Egypt
    Financial Director
    Unipower Egypt Oct 2019 - May 2023
    Giza, Al Jizah, Egypt
    Accomplishments:• Successfully achieved full ERP System Implementation (SAP B1).• Developed and implemented comprehensive financial policies, enhance the internal control, ensure compliance with EAS, and developed management and statuary reporting.• Developing budget processes to introduce new analysis reports to better analyze performance and profitability.• Negotiated various cost-saving initiatives to reduce cost and maximize profit.• Successfully securing EGP 12M financing credit facilities (overdraft and LG facility), to enhance the working capital cycle.Responsibilities:• Responsible for all financial aspects of electrical constructions company.• Heavily involved working with the CEO regarding long and short-term planning, cost reductions, working capital management, and financial analysis.• Produce and analyze monthly financial report vs budget by project, providing root cause of all variances and implementing corrective actions with the different departments of the company.• Oversight of inventory management, supply chain, suppliers' negotiations.• Direct execution of annual audit with external auditor (Baker Tilly).
  • El Sewedy Electrometer Group
    Chief Financial Officer
    El Sewedy Electrometer Group May 2015 - Feb 2019
    Zambia, Egypt
    Accomplishments:• Successfully achieved saving of $1.2M for VAT expense, $80K in property taxes, and $150K in PAYEE taxes by analyzing VAT, corporate tax, PAYEE structures and taxes paid for the previous periods.• Effectively finalized the unaudited financial statements of year 2013 and 2014 in coordination with the audit firm (Grant Thornton).• Ensured saving of $100K in employees benefits by revising the condition of services.• Designed & led implementation of new financial systems including GL, AP, Cost Accounting and Financial Reporting.• New accomplishment • Establish an agreement with Eco Bank to reconstruct old LC bank facility for short-term loans to preserve the company's positive liquidity.Responsibilities:• Provided financial leadership to the business and developed strategic and tactical initiatives to measure and evaluate the financial performance of the company.• Handled all financial and accounting activities of the business (with $20 million annual revenue) including payments, payroll, invoicing, valuation, budgeting and forecasting as a key member of the management team. • Developed effective financial plans and financial management mechanisms to minimize company’s financial risk.• Monitored and analyzed accounting data, oversaw maintenance of accounting records, verified accounting heads assigned to transactions and ensured appropriate preparation of general ledgers, trial balance and financial records.• Oversaw the activities and budgets for each department in the organization to ensure the procedures laid down in company’s financial regulations are adhered to.• Worked closely with Board and the CEO, prepared board agenda and materials as well as participated in board meetings and sales pitches. • Developed and maintained accounting principles, practices and procedures to ensure timely financial statements; provided accurate financial information to the management to facilitate decision making.
  • Elsewedy Electric
    Finance Director
    Elsewedy Electric May 2014 - Apr 2015
    Cairo, Egypt
    Roles:• Finance Director (El Sewedy Electric, Egypt): May 2014 – Apr 2015• Finance Director (El Sewedy Electric, Nigeria): Dec 2009 – Mar 2014 • Chief Accountant (El Sewedy Electric, Ghana): Feb 2008 – Nov 2009• Senior Accountant (El Sewedy Electric, Ghana): Apr 2006 – Jan 2008• Accountant (El Sewedy Electric, Egypt/Sudan): Sep 2005 – Mar 2006Accomplishments:• Successfully administered all financial and accounting functions of this commercial transformers manufacturing company with $25m annual revenue as a key member of the management team (steering committee).• Strategically secured a $10M financing credit facility (overdraft and letter of credit facility) for working capital with very low and competitive rate.• Efficiently improved the quality of quarterly, half-yearly and annual audited filings. • Expertise in completion of entire audit process in the deadline for further submission to El Sewedy Electric HOLDING Company for Financial statements consolidation purposes which is registered on Egyptian stock Market.• Implemented new financial systems including GL, AP, Cost Accounting and Financial Reporting.
  • Elsewedy Electric
    Finance Director
    Elsewedy Electric Dec 2009 - May 2014
    Nigeria
    Responsibilities:• Provided a leadership role to company’s financial operations and handled a multitude of accounting tasks to achieve financial objectives and improve profitability, cash flow, minimize financial risks and support business growth.• Provided strategic financial inputs for various critical decisions having an impact on the organization.• Developed and maintained robust financial governance and controls to monitor and analyze the company’s financial performance in meeting financial and overall business goals and objectives.• Worked closely with the management team to drive the company’s strategic vision; consistently focused on meeting cash and revenue goals and submitted timely reports to support the financial reporting systems. • Prepared timely and detailed reports on company’s financial performance on a quarterly/annual basis including income statements, balance sheets, revenue/expense statements and analysis of future earnings or expenses.• Followed up and supervised financial performance of overseas companies, and accordingly developed business plans for expected performance of overseas companies. • Worked with external auditors, provided insight into company financials, ensured successful audits and assisted in preparation of auditors’ report on the company’s financial statements. • Coordinated all the foreign and local purchasing activities, including issuing Purchase Orders (PO) and opening Letter of Credit (LC).• Reviewed and analyzed financial results, developed insights and understanding of variances, reported issues and presented financial results to management and the Board of Directors while recommending further courses of action.
  • Elsewedy Electric
    Chief Accountant
    Elsewedy Electric Feb 2008 - Nov 2009
    Ghana
    Responsibilities:• Monitored all transactions in the accounting department, reviewed accounting data, verified transactions to assess the accuracy of journal entries, scrutinized income-expenditure, maintained all accounting ledgers and performed monthly review of all account reconciliations.• Prepared and maintained books of accounts, coordinated month/year-end activities, accounts payable/receivable, credit control, general ledger, budgeting, revenue and expenditure variance analysis, debt activity, etc.• Examined general ledger on monthly basis and ensured that all rectification entries, expenses, prepayment and accruals are provided in the books before being closed and reported for the month.• Supervise the closure of daily and monthly books of accounts; provide timely explanations of variances between actual results and forecasts/budgets; provide corrective action recommendations to management, where necessary.• Managed the fixed asset policies & procedures, project accounting, costing, AR/AP, bank reconciliation and invoices. • Responsible to prepare and present the balance sheet and income statement results and analysis to the Finance Director and the Managing Director.• Prepared financial statements and supporting schedules according to monthly/quarterly/annual closing schedule. • Managed internal and external financial and tax audit and examination processes, provided auditors with required financial/accounting records and information, and prepared audited financial statements.• Documented and monitored internal controls in the company and projects; monitored project expenses to ensure compliance with approved budget and work plans.• Handled monthly payroll, tax returns and corporate reporting requirements.
  • Elsewedy Electric
    Senior Accountant
    Elsewedy Electric Apr 2006 - Jan 2008
    Ghana
  • El Sewedy Electric
    Accountant
    El Sewedy Electric Sep 2005 - Mar 2006
    Egypt
  • Future Nile Cruises
    Accountant
    Future Nile Cruises Dec 2004 - Aug 2005
    Luxer, Egypt
  • Spirit Of Sinai, Wikinger Reisen
    Tour Leader
    Spirit Of Sinai, Wikinger Reisen Jun 2004 - Nov 2004
    Egypt

Moataz Ibrahim Skills

Accounting Forecasting Financial Analysis Financial Reporting Budgets Internal Controls Auditing Process Improvement Cost Accounting Manufacturing Managerial Finance Microsoft Office Banking Purchasing Warehousing Management Variance Analysis Finance Teamwork Team Leadership Supply Chain Inventory Management Import/export Operations

Moataz Ibrahim Education Details

Frequently Asked Questions about Moataz Ibrahim

What company does Moataz Ibrahim work for?

Moataz Ibrahim works for Cla Alaufi & Alharbi

What is Moataz Ibrahim's role at the current company?

Moataz Ibrahim's current role is Chief Financial Officer / Financial Director.

What schools did Moataz Ibrahim attend?

Moataz Ibrahim attended Cairo University.

What are some of Moataz Ibrahim's interests?

Moataz Ibrahim has interest in Animal Welfare, Science And Technology.

What skills is Moataz Ibrahim known for?

Moataz Ibrahim has skills like Accounting, Forecasting, Financial Analysis, Financial Reporting, Budgets, Internal Controls, Auditing, Process Improvement, Cost Accounting, Manufacturing, Managerial Finance, Microsoft Office.

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