Ahmed Elkhouly

Power House is among the largest and most renowned Egyptian companies in the packaging and rental business of Diesel & Gas Generators, Gas Compressors and Pumps ,

Power House has a dual corporate structure.

'' Power House International for Petroleum Services '' is a domestic Egyptian joint-stock company based in 6th of October City, specializing in petroleum services.

'' Power House Free Zone '' located in the Attaka Free Zone , Suez as a general free zone company. As the Financial Manager of both entities, my responsibilities encompass:

Financial Planning and Analysis:

Develop and implement financial plans and budgets.
Conduct financial analysis to assess the company's financial performance and identify areas for improvement.
Prepare financial reports and statements.

Enhanced financial reporting accuracy by streamlining budget planning and forecasting processes.

Cash Flow Management:

Monitor cash inflows and outflows to ensure sufficient liquidity.
Manage accounts receivable and payable.
Develop strategies to optimize cash flow.

Improved cash flow management with proactive monitoring of accounts receivable and payable, leading to increased liquidity.

Investment Management:
Evaluate investment opportunities and make recommendations.
Manage the company's investment portfolio.
Assess risk and return on investments.

Risk Management:
Identify and assess financial risks.
Develop risk mitigation strategies.
Implement internal controls to protect the company's assets.

Financial Reporting:
Prepare financial reports and statements in accordance with accounting standards.
Ensure compliance with financial regulations.
Provide financial information to management and stakeholders.

Implemented an efficient month-end closing process, reducing the time required for accurate financial statement preparation.

Strategic Financial Planning:
Align financial strategies with the overall business objectives.
Provide financial advice and support to senior management.
Evaluate the financial implications of strategic decisions.

Powers:
Financial Decision-Making:
Make decisions regarding financial matters, such as investments, budgeting, and risk management.
Approve financial transactions and expenditures.
Negotiate with banks, lenders, and investors.

Developed comprehensive financial models to support decision-making processes and long-term growth strategies for the organization.

Resource Allocation:
Allocate financial resources to various departments and projects.
Prioritize spending based on business needs.

Financial Oversight:
Monitor the financial performance of the organization.
Identify and address financial issues.
Implement corrective measures as needed

Ensured accurate financial record-keeping by implementing best practices in accounting policies and procedures across all departments within the organization.

'' From June 2012 till March 2014 '' Account manager in financial department

Main Responsible

• Responsible for working with department managers to ensure they have a thorough understanding of their expenses and accounting procedures.
• Managing the development of short and long term strategic plans for the Company
• Responsible for assisting in accurate and timely financial reporting
• Responsible for assisting in the implementation of process improvements to streamline and gain efficiencies.
• Responsible for coaching the Accountants
• Responsible for producing various on-demand analysis requested by directors in addition to periodic corporate reporting.
• Responsible for preparing Wire Transfers
• Responsible for monthly closing
• Preparation of financial statements of the company
• Developing presentations that effectively communicate and summarize an analysis and facilitate decision-making for senior management and the Board of Directors

'' From March 2010 to May 2012 '' General Ledger in financial department

Main Responsible

• Responsible for working closely with department managers to ensure they have a thorough understanding of their expenses and accounting procedures
• Reviewing appropriate ledger entries and maintaining and ensuring general ledger accounts reconciliation
• Responsibilities also include analyzing trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses
• Preparation and review of various payroll reports and tax filings.
• Assist in preparation and review of monthly financial statements
• Review of accounts payable voucher packages
• Preparing monthly payroll
• Follow-up of banks and banking transactions
• Prepare Journal Entry
• Record and classification of accounting processes using delta of the general accounts
• Coordinate with external auditors to prepare annual reports
• '' From Jan 2008 to March 2010 '' Accounts Receivable & Accounts payable
• Main Responsible
• Issued invoices for customers
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements.
• Check and approve all vouchers for payment
• Print all accounts payable reports and maintain all accounts payable files
• Prepare analysis of accounts, as required.
• Assist in monthly closings
• Analyze vendor accounts and negotiates extended terms with vendors when cash is restricted.
• Answer all vendor inquiries.
• Prepare accounts payable checks
• Receiving and verifying invoices and requisitions for goods and services
• Maintaining listing of accounts receivable accounts and status
• '' From Oct 2006 to Dec 2007 '' Inventory control in Logistics department
• Main Responsible
• Monitor and control inventory
• Preparing MRP plan for each quarter
• Follow up of store keepers
• Preparing monthly inventory reports
• Participate in the implementation of the inventory annual plan
• Traces discrepancies between inventory and stock control records

• Handled day-to-day accounting processes to drive financial accuracy.
• Collaborated with sales team to resolve billing disputes and ensure prompt payment from customers.
• Streamlined AR processes for increased efficiency and reduced processing time.
• Reduced outstanding receivables, implementing proactive collection strategies.
• Assisted in the preparation of financial statements, providing detailed analysis on AR performance.
• Supported senior leadership decision-making with insightful AR-focused data analysis.
• Provided journal entries and performed accounting on accrual basis.
• Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.

• Completed Coursework: [Studying Certified Management Accountant],
• Certificate in Management from Australian institute of business administration
• Advanced diploma in management from Australian institute of business administration
• ( ABE ) Association Business Executives (Business information system)
• Management and inventory control from Research Center of Marketing and Advertising Mark - Al-Ahram Foundation
• E-Accounting from American Academy
• General English Courses Till level 10 from American Academy
• International Certificate in general English from Atlanta English Institute in U.S.A
• Soft skills ( leader ship – time management – presentation )