Hady El Tokhy
FP&A Supervisor
Cairo,Nasr City
Summary
Targeting a position in Financial Management in which allow to enhance the company performance with 15 years of experience in different areas in finance, by providing the information and recommendations needed for top management allowing them achieving the company strategic objectives.
Overview
15
15
years of professional experience
Work History
FP&A Supervisor
Giza Systems
01.2023 - Current
- Monitor monthly trend analysis for actual results and analyze accounts transactions to provide information needed by management and company stakeholders
- Review P&L Movements and comment on accounting team treatments through monitoring the accruals needed for expenses and costs
- Analyze costs and revenue recognitions by analyzing contract assets and contract liability accounts, by reviewing their ageing and accounting treatments
- Prepare actual Versus budget figures on monthly base for making sure that company on right track to achieve budgeted figures and not to exceed budget
- Update forecasted results based on latest achievements and new management decisions along with rapidly changing economic circumstances which defiantly will affect company future performance to meet its strategic objects and company vision
- Providing monthly dashboard for top management and stakeholder allowing them to get needed information on timely manner for better business read and decision support.
- Analyze direct cash flow to enhance company cash management and LOBs performance from cash in and out to evaluate their performance in providing cash to company treasury
- Provide departments with actual Vs budget figures to let departments heads monitor their spending over elapse of time on monthly bases avoiding business interruptions might occur by exceeding budget
- Work with departments to reach to cost optimization which allow company achieving their goals with lower expenditures without affecting quality or customer satisfaction and quantify its figures
- Review team works by validating reports and develop financials models to be more simple and their automation for more accuracy and time saving
- Develop forecast models in attempting to be more reasonably achieving in actuals minimizing variances might show up by actuals
- Assist in developing company business plan using all information regarding company strategic objectives and targeting market share
- Highlight weakness points affecting company EBIT and Net Income.
- Applied strong leadership talents and problem-solving skills to maintain team efficiency and organize workflows
- Mentored newly hired employees on operating equipment and safety and developed training manual to use for reference
Accounting Manager
Ghezaa Middle East Company
11.2021 - 12.2022
- Preparing and review monthly financial statements by analyze balance sheet reconciliation and accounts trends to provide information needed and top management inquires.
- Identify and examine processes for different activities such as collections, receivables, payables, costing, etc. to have more control and better monitoring on all finance areas.
- Guide and coaching finance teams by providing procedures and systems necessary to maintain proper records and to afford adequate accounting control using brain storming meetings with teams to highlight their issues and compile their proposed solutions to enhance performance.
- Examine AR ageing with collection team to make sure that company cash in is under proper tracking and prevent any lapping may occur.
- Monitor down payments received to be settled by issuing AR invoices and advance payment to vendors to be guaranteed and monitor its ageing.
- Highlight recurring revenue with technical departments to prevent late issuance of invoices or incomplete work which affect company collection negatively.
- Approve LCs payment terms comparing their client’s contract to avoid negative cash flow per projects.
- Monitor inventory solo moving items in addition to scrape or obsolete items for proper accounting treatments to reach to accurate inventory value in financials.
- Review and assign tasks for periodically inventory physical count and investigate differences with other departments.
- Assist in feasibility studies for new projects
- Also review monthly accrual for accurate reporting
- Approve sales orders and revenue recognition terms according to credit limits as per company policy
- Report and analyze AP and AR aging to enhance company short term cash-flow and investigate AR old balances to be collected instead off increasing bad dept and AR provision
- Prepare Cash flow forecast to avoid any cash shortage might exist.
- Responsible for bank reconciliation and other treasury entries to be booked correctly
- Negotiate with banks new bank facilities contracts and any other requirement
- Conduct inventory physical count and impose strong system to control inventory In and Out movements, and analyze slow moving items, obsolete items, damaged, samples, etc.
- Analyze landed cost and allocate it on rational base on shipped items received in warehouse
- Responsible for issuance of monthly financial statements and monitor financial ratios
Assistant Manager - Accounts Payable
Al-Futtaim Group Real Estate
03.2019 - 10.2021
- Approve all POs accounting treatments by reviewing GL Accounts and cost centers used in PO lines to maintain accurate cost allocation before releasing POs and GRNs creates.
- Reviewing payment recommendation received from commercial team in accordance with company policy and procedures along with their RFA and budget and signed contract.
- Coaching accountants to meet ad hoc tasks and closing deadlines and improving their learning curve and give them space to propose enhancements in cycles and much more.
- Analysis all special GL accounts 'Retention, Advance, and deductions' and confirm their balances with vendors.
- Review prepaid expense sheet and monthly amortization journals.
- Investigate accruals for all Committed monthly expenses and allocate them on proper GL and Cost centers to reach to accurate monthly closing figures.
- Monitor GL balances trend comparing to distributed budget monthly and accumulated figures.
- Handel vendors and contractors’ inquiries regarding there SOA and payments.
- Attend tender opening meetings with commercial and technical departments.
- Review all transfers details and monitor due date of all vendors to submit payments on time and maintain company image and commitment to its liabilities.
- Check vendor register required documents for all vendors and ask for update payment details and any expired legal documents of vendors.
- Send AP ageing reports and analysis on monthly base.
- Clear all paid transactions on SAP from Outstanding Transfers GLs to relevant bank account to let treasury team control bank reconciliation and to discover any issue might occur regarding unsettled payment by banks or vendors.
- Check GRN accounts before monthly closing and communicate with departments created GRNs but did not send payment recommendation to settle GRN accounts.
- Review final account payments for contractors to close all pending deductions, use of utilities and work snags required before releasing final payment.
- Promoted teamwork within the workplace by encouraging collaboration among staff members on various projects tasks.
Assistant Manager - General Ledger
Al-Futtaim Group Real Estate
11.2016 - 02.2019
- Prepare monthly balance sheet reconciliation and income statements for subsidiaries.
- Prepare actual verses budget sheet to analyze project costing and justify variances.
- Analyze trial balance and examine accounts, which have noticeable movement in actual verses budget figures and prepare required adjustment.
- Review monthly provision with technical departments and book it on SAP.
- Review monthly cash reports 'Cash In and Cash Out' classification to analyze company cash flow effects on different projects.
- Prepare monthly Forex exposure report for all currencies and subsidiaries.
- Respond to AD-HOCH reports and scenarios for financial and management accounting decisions affect like changing useful life of assets category and application of new IFRS standard.
Section Head - General Ledger
Giza Systems
10.2014 - 10.2016
- Review monthly closing activities for preparing financial reporting package.
- Prepare balance sheet reconciliation for analysis and review.
- Follow up accountants to make sure that all transactions recorded correctly in accordance with company policy and to meet closing deadline.
- Maintain Fixed Assets Register by adding fixed assets additions and retirements and run depreciation for all assets according to company policy.
- Record prepayments amortization entry to reach to proper cost allocation over period covered by expense incurred.
- Reconcile all affiliates accounts to confirm their balances on monthly basis.
- Prepare all audit requirements and respond to their inquiries.
- Monitor GL accounts and Cost Centers trend analysis to provide justifications for GL accounts monthly behavior for management.
- Prepare actual verses budget report to make sure that company results are on track assigned by management.
Senior Accountant - Accounts Payable
United Electronics
11.2013 - 10.2014
- Prepare supplier reconciliation to make sure that both books reflect same balances.
- Calculate year-end rebates as per contracts terms based on supplier’s net purchases.
- Assist AP manager in calculation monthly front margin and back margin analysis report to know highest goods make profit also to evaluate suppliers.
- Assist in preparation of external and internal audit requirements.
- Review accountants work 'prepare payments, booking entries, set priorities for work, and other.
- Prepare costing sheet for services sold to customers and calculate margin of sales.
- Record cost of non-inventory salable items based on its sales report as 'bein Football project' which its costing depends on how many units sold as it has zero system cost.
- Prepare actual verses budget report and analysis trend of variances and margin trends.
Fixed Assets Accountant
Etisalat
11.2012 - 11.2013
- Coordinate with AP Section to make sure that all CAPEX invoices correctly recorded and FA team has copy of them.
- Review all invoices that have required data 'Asset location, description, Date in service, Quantity, Category' to be capitalized correctly.
- Run A/P reports and transfer its CAPEX entries to FA module under Mass Addition and send all new mass addition reports to FA supervisor and team.
- Make cost adjustments for any invoices related to existing assets.
- Prepare accruals for CAPEX contracts for invoices not received.
- Prepare scenarios for effect of changing useful life of assets category on income for future years.
- Prepare physical count mapping to facilitate physical count to accountants.
- Provide internal and external audit required date for their inquiries.
Accountant - Accounts Payable
Mobiserve
05.2010 - 11.2012
- Match invoices with P.O In addition, inventory receipts properly
- Watching due date for all supplier and invoices aging to meet payment date and forecast cash outflow to notify treasury section.
- Negotiate with supplier to accept postdated checks in period company has cash shortage.
- Prepare any reports required by management to support treasury section in preparation of cash position and forecasted cash outflow.
Accountant - General Ledger
Mobiserve
05.2010 - 11.2012
- Assist in preparing all interim financial statements and reports required by financial manager.
- Follow up accrual cost and revenue to reverse accruals entries and record actual.
- Prepare actual verses budget report and analyze variances per project.
- Follow up and reconcile affiliate’s accounts between company’s subsidiaries.
- Supervise and reviews balance sheet accounts (prepaid – accrual – affiliates – deposits).
- Participate in preparation of audit requirements and answers of their inquiries.
General Accountant
Abou Seif Architects
11.2008 - 10.2010
- Handling petty cash and record of revenues and expenses
- Review bank statements with revenue and expenses per month
- Recording journal entries
- Learned how to record and classify expenses and revenues
- Making general journals comparing with treasury and bank statement
- Making of trials balance and ledger to prepare financial statements.
Education
No Degree - Registered in The Course Which Will Start in April
IFRS Diploma
Egypt 04.2001 -
Skills
Employee Motivation
undefinedMilitary Service
Exempted Apr-2008
Personal Information
- Date of Birth: 04/28/86
- Nationality: Egyptian
- Marital Status: Married
Timeline
FP&A Supervisor
Giza Systems
01.2023 - Current
Accounting Manager
Ghezaa Middle East Company
11.2021 - 12.2022
Assistant Manager - Accounts Payable
Al-Futtaim Group Real Estate
03.2019 - 10.2021
Assistant Manager - General Ledger
Al-Futtaim Group Real Estate
11.2016 - 02.2019
Section Head - General Ledger
Giza Systems
10.2014 - 10.2016
Senior Accountant - Accounts Payable
United Electronics
11.2013 - 10.2014
Fixed Assets Accountant
Etisalat
11.2012 - 11.2013
Accountant - Accounts Payable
Mobiserve
05.2010 - 11.2012
Accountant - General Ledger
Mobiserve
05.2010 - 11.2012
General Accountant
Abou Seif Architects
11.2008 - 10.2010
No Degree - Registered in The Course Which Will Start in April
IFRS Diploma
04.2001 -
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