Mohamed Eldaly Email & Phone Number

Dubai, United Arab Emirates

Supervising and guiding daily operations within the accounting department.Verify accounting data to generate financial reports and statements.Enforcing sound accounting methods, policies, and principles, where needed.Leading the closure of month- and year-end processes, ensuring the timely and accurate submission of reporting packages.Conducting monthly General Ledger (GL) reconciliations.Evaluating disparities between local and and global accounting… Show more Supervising and guiding daily operations within the accounting department.Verify accounting data to generate financial reports and statements.Enforcing sound accounting methods, policies, and principles, where needed.Leading the closure of month- and year-end processes, ensuring the timely and accurate submission of reporting packages.Conducting monthly General Ledger (GL) reconciliations.Evaluating disparities between local and and global accounting practices.Orchestrating and overseeing annual financial audits.Managing the semi and annual inventory - stock count process.Staying updated on fiscal changes and ensuring adherence to local legislation.Supervise tax statements and meticulously check the tax returns to comply with payment, reporting, and other tax requirements.Cultivating relationships with financial institutions.Vigilantly monitoring cash flow and evaluating cash requirements.Innovating and enhancing systems and procedures, and instigating corrective actions where necessary.Ensuring the efficacy of internal controls over financial records.Leading and nurturing a team of accountants, fostering their professional growth and motivation.Overseeing accountants' activities and refining work processes for enhanced efficiency.Serving as an advisor and strategic partner for various business functions, devising solutions that facilitate business expansion.Provide financial expertise and support to various departments within the organisation, including budgeting, forecasting, and cost analysis.Assist in financial planning and decision making process by providing accurate and timely financial information.Conduct financial analysis to identify areas of improvement and recommend strategies for cost reduction and efficiency enhancement Show less

Dubai

Supervise the team by determine measurable KPIs to specify the responsibilities, timelines whether daily, weekly or monthly.Ensure that company's policies and corporate norms are applied for each process in BRF's legal entities in the MENA region Working with global corporate & controlling team and internal control to review procedures, policies and corporate norms and update them according to the legal compliance, IFRS and SOX.Periodic review and revising for existing… Show more Supervise the team by determine measurable KPIs to specify the responsibilities, timelines whether daily, weekly or monthly.Ensure that company's policies and corporate norms are applied for each process in BRF's legal entities in the MENA region Working with global corporate & controlling team and internal control to review procedures, policies and corporate norms and update them according to the legal compliance, IFRS and SOX.Periodic review and revising for existing SOPs, Process flows, Work instructions and create a new for those not existed.Implement the control needed to resolve the control gaps raised by (i) Internal Audit (ii) Internal Control via SOX reviews (iii) and by External audit related to Key Controls. Create SLA’s with stakeholders to ensure smooth operations by determine the responsibilities, timelines and cost.A key person at any projects of newly acquired markets and SAP integration.A key Person in the preparation of monthly financial statements. Monitor and control all inventory movements, CPV, COGS, Revenue, Tax On Import and Freight costs.Monthly reconciliation for all balance sheet items of inventories. Monthly preparation and booking for the necessary provisions and adjustments of inventories.Monthly variance analysis reporting for direct export sales ( CFR Sales ), devolutions and sales deductions. Monthly variance analysis reporting for domestics Sales, devolutions and sales deductions.Monitor and reconcile intercompany transactions e.g. outbound, inbound, credit notes and debit notes and do the necessary adjustments to keep the intercompany balancesMonitor quality claims, logistics claims and commercial claims raised by intercompany or CFR clients via CRM system. Standardization of the procedures to be followed in the preparation of and during the annual/Semi-annual Wall to Wall Physical Inventory Counts Ensure that monthly closing activities have been done 100% correct according to timelines scheduled Show less

Saudi Arabia

Monthly preparation of the financial reports e.g. BS, P/L, Income Statement, EBITDA, Cash flow…etc.) Monthly variance analysis reporting for Income statement and Balance SheetMonthly variance analysis reporting for OPEX Vs Budget Monthly reconciliation for Balance Sheet itemsCalculate and Post ZAKAT and TAX Provisions on a monthly basis Channel & Category profitability analysis to understand the main drivers and present to commercial team an accurate… Show more Monthly preparation of the financial reports e.g. BS, P/L, Income Statement, EBITDA, Cash flow…etc.) Monthly variance analysis reporting for Income statement and Balance SheetMonthly variance analysis reporting for OPEX Vs Budget Monthly reconciliation for Balance Sheet itemsCalculate and Post ZAKAT and TAX Provisions on a monthly basis Channel & Category profitability analysis to understand the main drivers and present to commercial team an accurate picture of channel performanceCoordinate among stockholders the activities and reports needed for the budget and forecasts creation Manage fixed assets movements e.g. Purchases of new assets, Disposals, selling Assets, transfer assets and depreciation.Open investment order for the new CAPEX approved Monitor investment orders and work in progress and ensure timely close for open IOResponsible for annual fixed assets count Show less

Central Region Saudi Arabia - Riyadh Office

Supervise AR Accountants, Cashier, warehouse accountant and Collector and review/monitor their works by determine a measurable KPIs for them to specify the responsibilities, timelines whether daily, weekly or monthlyMonitor accounts receivable and safeguard the branch’s assets by implementing the control needed for each process and doing proper reconciliation for balances of (accounts receivable, cash on hand, petty cash, advance payment, inventory, fixed assets, sales and sales… Show more Supervise AR Accountants, Cashier, warehouse accountant and Collector and review/monitor their works by determine a measurable KPIs for them to specify the responsibilities, timelines whether daily, weekly or monthlyMonitor accounts receivable and safeguard the branch’s assets by implementing the control needed for each process and doing proper reconciliation for balances of (accounts receivable, cash on hand, petty cash, advance payment, inventory, fixed assets, sales and sales returns) against General LedgerKeep the total past due not exceed (3%) against total accounts receivableSubmit accurate reports to management as per agreed dates and methodology implemented whether daily, weekly or monthly Deliver analysis reporting e.g. balanced scorecards, branch aging report, customers behavior and black list, daily collection report, cheques deposit and cheques rejected ....etc.) Monthly calculation of provisions e.g. fixed rebate, progressive rebate, credit insurance, PDD, marketing activities ...etc. Monitor and control open provisions and follow up with accounting, commercial and marketing departments Monthly meeting with commercial team to discuss the performance, challenges and action plansMonthly reconciliation for key customer accounts according to the payment details received Monthly visit to key customers to review the pending items and agree on a settlement action plan Dispatch of reminder letters to customers whose overdue and follow up with commercial and collectorSend statement of account on a monthly basis for all customersConduct a quarterly balance confirmation for all customer and to be signed and stampedMonitor bank statement to identify unrecorded/rejected deposits and do the necessary actions Ensure timely booking for payment received and control all PDC and CDC ChequesApprove opening new customer application as per company's policies Approve increase or decrease credit limit as per company's policies Show less

Saudi Arabia

Support and assist the direct manager in the preparation of the financial and income statement reportsEnsure Proper and timely booking of journal entries Cash management (Open new bank account, Bank Reconciliation, Cash flow)AR Process (Post AR Payments, Debit/Credit Notes, AR Reconciliation, aging analysis, Customer statement, Confirmation balances)Open new Customer’s account in accordance with Company’s Policies AP Process (Post AP Payments… Show more Support and assist the direct manager in the preparation of the financial and income statement reportsEnsure Proper and timely booking of journal entries Cash management (Open new bank account, Bank Reconciliation, Cash flow)AR Process (Post AR Payments, Debit/Credit Notes, AR Reconciliation, aging analysis, Customer statement, Confirmation balances)Open new Customer’s account in accordance with Company’s Policies AP Process (Post AP Payments, Debit/Credit Notes, AP Reconciliation, Vendor statement, confirmation balances)Ensure that monthly closing activities have been done 100% correct according to the check list and timelines scheduled Show less

Abu Dhabi, United Arab Emirates