Shady Mostafa Email & Phone Number

Riyadh, Saudi Arabia

𝑲𝒆𝒚 𝑨𝒄𝒉𝒊𝒆𝒗𝒆𝒎𝒆𝒏𝒕:Oversee and direct accounting processes, including Cash, AR, AP, FA, and GL, ensuring timely and accurate monthly trial balances and financial statements. Monitor monthly trial balances, rectifying errors for meticulous financial accuracy and compliance. Oversee prepayments and accruals, adjusting period expenses to maintain precise records.Ensure the accurate and timely preparation of financial statements and comprehensive reports and oversee… Show more 𝑲𝒆𝒚 𝑨𝒄𝒉𝒊𝒆𝒗𝒆𝒎𝒆𝒏𝒕:Oversee and direct accounting processes, including Cash, AR, AP, FA, and GL, ensuring timely and accurate monthly trial balances and financial statements. Monitor monthly trial balances, rectifying errors for meticulous financial accuracy and compliance. Oversee prepayments and accruals, adjusting period expenses to maintain precise records.Ensure the accurate and timely preparation of financial statements and comprehensive reports and oversee month-end, quarter-end, and year-end closing processes. Lead the development and implementation of budgeting and forecasting processes, and supervise, mentor, and develop a team of accountants.Provide financial analysis and insights to support strategic initiatives, managing relationships with financial institutions, auditors, and other stakeholders. Maintain control over fixed assets registers, ensuring compliance with internal controls and general ledger requirements. Manage vendor payments, ensuring completeness of supporting documents and approvals.Create and review customer aging reports, track outstanding collections, and expedite procedures with the collections team. Facilitate the preparation of LCs and BGs in coordination with Operations for streamlined transactions. Supervise sub-ledger account reconciliations, analyzing monthly movements and reconciling balances with the general ledger.Produce cash forecast reports to meet short-term obligations and conduct ratio analysis for financial insights. Prepare comparative financial reports at the Business Unit level, identifying areas of unsatisfactory performance and implementing corrective actions. Expertly manage VAT, ensuring full compliance with tax regulations and efficiently filing VAT returns on the GAZT site.Process employee expense reports and vendor invoices promptly and accurately. Provide strategic financial advice on operations, inventory levels, and budgeting to facilitate informed decision-making. Show less

Egypt

Reviewed subcontract agreements received from project management or technical offices meticulously, examining terms, payments, and contracting methods such as square meters or lump sum payments.Secured store withdrawal permits for on-site contractors from the warehouse controller.Ensured accuracy in financial records by collecting site discount documents for contractors.Manually prepared general daily entries, transferring them to subcontractor ledgers and analyzing… Show more Reviewed subcontract agreements received from project management or technical offices meticulously, examining terms, payments, and contracting methods such as square meters or lump sum payments.Secured store withdrawal permits for on-site contractors from the warehouse controller.Ensured accuracy in financial records by collecting site discount documents for contractors.Manually prepared general daily entries, transferring them to subcontractor ledgers and analyzing permits and withdrawals for technical and financial alignment.Managed cash and check withdrawal permits for payment processing, coordinating with treasury officers, site custodians, and check issuers.Gathered and organized cost information, maintaining a comprehensive expenses database.Identified fixed costs such as salaries, rent, and insurance to facilitate meticulous financial planning.Recorded variable costs including raw material purchases and operational expenses, ensuring meticulous financial tracking.Reviewed both standard and actual costs to maintain financial accuracy and pinpoint areas for improvement.Prepared detailed budget reports for the enterprise and individual departments, aiding financial planning and decision-making.Analyzed and reported profit margins, offering insights for strategic business decisions.Developed monthly, quarterly, and annual cost forecasts, enabling proactive financial management.Assisted in month-end and year-end closings, ensuring precise and up-to-date financial records.Implemented cost-effective accounting strategies tailored to the unique needs of contracting and manufacturing sectors.Provided specialized financial analysis and reporting for construction projects and manufacturing processes.Developed and maintained robust costing and pricing systems tailored for the complexities of contracting and manufacturing industries.Collaborated with project managers and production teams to forecast financial requirements. Show less

Jeddah, Mecca Region

Generated weekly cash flow reports and conducted variance analysis to pinpoint financial trends and potential issues.Posted and allocated cash payments meticulously to uphold precise financial records.Produced reconciliations and processed customer sales invoices promptly and accurately.Monitored overhead spending, including processing purchase requisitions to effectively control costs.Prepared and processed VAT returns, analyzing variances and offering feedback… Show more Generated weekly cash flow reports and conducted variance analysis to pinpoint financial trends and potential issues.Posted and allocated cash payments meticulously to uphold precise financial records.Produced reconciliations and processed customer sales invoices promptly and accurately.Monitored overhead spending, including processing purchase requisitions to effectively control costs.Prepared and processed VAT returns, analyzing variances and offering feedback for compliance and enhancement.Reviewed and processed asset management requests received by Stores.Prepared monthly revenue statements and conducted reconciliation activities to ensure precise reporting.Analyzed revenue transactions to monitor financial performance effectively.Tracked fluctuations in sales to identify trends and guide business decisions.Calculated and verified the accuracy of royalty payments, coordinating directly with brands for credit note issuance.Allocated credit notes within brands, maintaining meticulous financial records.Reviewed and posted journal entries, ensuring adherence to accuracy and compliance standards.Executed month-end closing processes to finalize financial statements.Managed accounts payable operations, ensuring accurate and timely processing of vendor invoices and payments.Optimized accounts payable processes and resolved discrepancies collaboratively with cross-functional teams, boosting efficiency.Maintained accurate inventory records and closely monitored stock levels for optimal inventory management.Reconciled system records with physical inventory and promptly addressed any discrepancies or cash shortages. Show less

Riyadh

Compiled general ledger entries with 100% accuracy within stringent timelines, guaranteeing financial integrity and adherence to compliance standards.Conducted detailed analysis of meal purchase price variances, pinpointing opportunities for cost reduction and implementing strategies to optimize expenses.Generated periodic reports comparing budgeted costs against actual costs, facilitating proactive financial management and decision-making.Identified areas for cost… Show more Compiled general ledger entries with 100% accuracy within stringent timelines, guaranteeing financial integrity and adherence to compliance standards.Conducted detailed analysis of meal purchase price variances, pinpointing opportunities for cost reduction and implementing strategies to optimize expenses.Generated periodic reports comparing budgeted costs against actual costs, facilitating proactive financial management and decision-making.Identified areas for cost improvement through thorough financial analysis, resulting in substantial annual savings.Reconciled recipes for each brand individually to ensure precise cost allocation.Monitored store inventory movements meticulously to ensure accurate recording of all items.Analyzed and tracked cost variations, investigating underlying reasons for discrepancies.Supervised food and packaging costs for all stores, ensuring cost efficiency.Updated warehouse data to reflect current raw material prices, ensuring accurate expense allocation within the same reporting period for monthly precision.Prepared, reviewed, and finalized Profit and Loss (P&L) statements on a store-wise, chain-wise, and brand-wise basis.Produced Variable Cost (VC) analysis reports for chains to maintain optimal cost levels. Show less

Bachelor, Commerce With A Specialization In Accounting

Diploma, Accounting