Mohamed Elsayed Mostafa Email & Phone Number

Riyadh, Saudi Arabia

Saudi Arabia

• Develop and manage the annual budget process, including forecasting, tracking, and reporting on financial performance.• Collaborate with various departments and stakeholders to develop accurate and realistic budgets that align with the organization's goals and objectives.• Consolidating, Supervise and analyzing the annual budget for the Company which includes challenging the budgets submitted by the functions and departments, comparing budgets to historical trends• Reviewing the reasonableness of the assumptions submitting it to the management in a timely manner• Provide advice and technical assistance to the Directors / Division Heads.• Lead development of planning and budget process (both revenue and cost) including development of templates• Monitor financial performance against budgets, identifying variances and recommending adjustments as needed.• Provide regular reports on budget performance and cost analysis to executive management and stakeholders.

Jeddah - Saudi Arabia

• Formulated turnaround strategies and action plans for equity projects in addition to the normal follow-up and valuation exercise. • Liaised with different parties to implement the action plan based on the agreed turnaround strategy.• I managed to sell long standing equity projects such as Sante Alexandra for food industries (12 years) and Arab company for pharmaceutical products (Arabio) (12 years)• In addition to my current position I’m board member and Audit Committee member in several companies such as: o Saba Islamic Bank, Yemeno Berber Cement Company, Sudano Al Sharkiya Sugar Manufacturing (Al Nouran), Egypt (2013 – 2016) & (2018 – date).o Jordanian Pharmaceutical Manufacturing Company, Jordan (2008 – 2012).

Jeddah, Makkah, Saudi Arabia

• Responsible for the rescheduling / restructuring of non performing projects based on a case by case basis and performed the following:• Formulated turnaround strategies and action plans for non-performing projects. • Liaised with different parties to implement the action plan based on the agreed turnaround strategy.• Recommending provisions in the Provisioning Committee.• Managed to restructure the following:o Hygienic Paper Company, UAE - $ 34 M.o Oil Exploration Company, Cyprus - $10 M.o Construction systems company, Egypt - $ 4.2M.

Jeddah - Saudi Arabia

• Perform all necessary steps and procedures to ensure timely preparation of the quarterly Financial Statements in accordance with the IFRS/AAOFI.• Coordinate with both internal and external auditing to fulfill their requirements.• Prepare the Monthly Management Accounts to facilitate decision making process for the management.• Compile and coordinate the departmental submission for annual budget.• Supervise a team of three (Accountant, Finance Officer and Treasury Officer) to fulfill the requirements of the top management in addition to meeting the deadlines for reporting purposes.

Khartoum, Sudan

Doha - Qatar

• As a group Accounting Manager I was responsible for all the Accounting and Auditing matters in five main companies of the group mainly operating in construction and building materials.• Restructuring the Finance Department and distributing work load according to the function not the company.• Applying and implementing the budget and actual variance analysis.• Work closely with the banks to fulfill their requirements in order to seal the facility agreements for all the companies.• Preparing the daily, weekly and, monthly commitments sheet and updating it on a daily for the cash flow management purposes.

• Applying the Risk Based Audit concepts in planning for the Audit Assignments.• Contributing in the preparation of the monthly, quarterly and semi-annual plan for the audit assignments.• Planning for the engagement assignments and selecting the engagement team suitable for each assignment.• Reviewing the work performed by the team and performing follow up on the pending issues to meet the deadlines.• Discussing crucial issues and topics with the top management and developing action plans and deadlines solving the pertaining problems.• Reporting the proposed developments and enhancements to the top management and proposing action plan for the implementation of the agreed upon developments.• Team leader for the team responsible for the preparing the Accounting Manual of the Import and Distribution Company.

Cairo - Egypt

• Work closely with other Divisions regarding the group budget.• Preparing the monthly Management Accounts for the Group including the Monthly Balance Sheets, Income Statements, Cash Flows and foot notes.• Analyze Balance Sheet, revenue and expense accounts on a monthly basis and, explain and resolve budget variances.• Responsible for co-ordination with third parties (I.e. external auditors, suppliers ….etc,) to deliver the required reports within the deadlines.• Authorizing the daily transactions and cash/bank payments for its completeness, validity and ensure the adherence to the company's policies and procedures.• Controlling the current accounts between the affiliates and solving any disputes between the companies.

Cairo - Egypt

• Reviewing the daily payment requests for its completeness, supporting documents,..etc.• Standardizing the procedures for month-end bank reconciliation process.• Participated in the preparation of the company’s budget for the year 2001 with special emphasize on the cash flows.• Preparing the monthly financial statements and its analysis and reviewing the month end Management Accounts and analyzing the monthly results in order to discuss such results with the management.

Jeddah - Saudi Arabia

• Establishing a new system to review the ALJ centers as a business unit instead of reviewing it based on nature of activity.• Modifying the audit programs to be in conformity with the new approach applied in the company. The new approach was risk oriented approach instead of compliance tests based on company’s policies and procedures.• Implemented training course for junior auditors on how to be risk oriented and, to perform alternative procedures for detecting the risk.

Egypt

• Joined Mostafa Shwaki Deloitte and Touch as a Staff Assistant and Left as an Experienced Senior. As an experienced senior I was responsible for the whole job starting from the selecting the team and to end up with delivering the financial statements on time and meet the deadlines.• Chartered Accountant and member of Egyptian Society for Accountants and Auditors.• Participated in many assignments other than ordinary audit such as privatization process for the public sector in cooperation with Booze Allen and Hamilton Inc. and loss of profit evaluation in cooperation with loss adjusters.

Certified Director

Certificate, Internal Audit

Bachelor Of Commerce, Accounting