SAP
Hossam Elizmazi
Senior Finance & Accounts Professional
Cairo
Summary
Experienced financial professional seeking a senior finance role in a multinational, large local, or public entity. Skilled in providing valuable insights and performing budgeting, forecasting, strategic planning, and analysis to support major corporate decisions. With over 10 years of experience in financial analysis, costing, financial accounting, and controls across various industries. Strong background in utilizing different ERPs such as SAP, Oracle, and YARDI, as well as E2E ERP implementation. Currently holding a CMA certification and actively pursuing the CPA credential. Proven track record of utilizing in-depth strategies to understand and solve complex business problems. Known for excellent forecasting abilities, process improvement skills, and project management expertise. Resourceful, detail-oriented, and persistent in delivering results.
Overview
16
16
years of professional experience
1
1
year of post-secondary education
2
2
Certifications
2
2
Languages
Work History
Finance & Accounts Manager (Acting Head)
Deyaar Development PJSC
Dubai, UAE
10.2021 - 11.2024
- Managed day-to-day operations within 32-staff finance & accounts department for 3 organizations (DPM, DCM & NMS)
- Issued complete VAT guidance and managed full VAT setup enhancement to ensure proper revenue billing, expense booking and VAT filing in accordance to VAT Law
- Supervised establishing complete MIS of financial and operational reports to assist management with business decisions
- Enhanced accounting and business processes through automation and digitization and reduced non-value-added activities throughout entire business processes
- Managed to significantly reduce backlog issues of accumulated AR, unknown collections, AP and unreconciled items in books
- Set clear departmental objectives and developed effective strategies to achieve targeted goals
- Established and enforced controls on revenue and expenses to protect company assets
- Supervised feasibility studies to allow business growth including introducing new business lines
- Analyzed financial statements against forecasts to prepare high-level variance analysis
- Set and monitored budget and revenue trends, compiling reports for company leadership to inform decision-making
- Managed to set a complete SOP for entire Finance & Accounts including (GL, PDC, AP, AR, Finance and Collections)
- Managed & Assisted recruiting, interviewing and hiring new department employees
Finance Analyst
Deyaar Development PJSC
Dubai, UAE
01.2019 - 11.2021
- Control transactions of 25K commercial, residential and retail units for almost 500 Landlords
- Improve and enhance statement of income reports of Landlords
- Perform rental rate analysis
- Cultivate broker relationships for market information
- Perform special projects/analysis for principal executive
- Perform market research to determine/verify project's economics and to verify assumptions used in models
- Update, reconcile and resolve issues with YARDI accounting system
- Prepare and submit daily, weekly reports and monthly financial statements
- Compile data, reports and year-end audit information
- Monitor and analyze financial, statistical and operational data trends
- Collect data and develop detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts
- Identify budget variances and recommend corrective actions, avoiding overruns and maintaining positive cash position
- Improve System (YARDI) with careful, in-depth analysis and proactive recommendations for improvement
- Oversee daily financial functions, including accounting, payroll and financial reporting
- Train new employees on accounting principles and company procedures
- Set up and improve accounting systems and processes to meet business needs and maximize effectiveness of operations
- Manage entire accounting cycle including gathering information, preparing documents, finalizing reports and closing books
- Analyze financial information related to payroll, capital projects, operating expenses, professional service contracts and office supplies and equipment to examine budget needs
- Clear accumulative issues of unknown collections and unreconciled items
Senior Cost Analyst
ARASCO (Food Security & Agriculture Services)
Riyadh, KSA
04.2014 - 12.2017
- Lead costing function to control 700M SAR Stock level and production / sales of almost 2.5B SAR per annum
- Lead costing team, train them on costing modules and improve new ways to ease their work for more controls
- Lead business unit finance in implementing and going live on SAP ERP
- Supervised integrated business processes to ensure accounting impacts and suggest improvements that better serve business
- Supervised and implemented Internal controls over supply chain and it's activities (Planning, Purchase, Warehousing, Production and Sales)
- Supervised stock count and cycle counts and follow up with management for justifications and needed adjustment
- Supervised clearing of Accounts Payable against POs and Accounts Receivables against SOs as well as posting on GLs
- Accurate cost calculation for RM, Spare parts, SFG and FG and report over cost trending
- Month end closing activities and reporting within maximum 3 days after month end
- MIS reporting [Profitability through COPA, P&L, Cash flow, Variance analysis, Stock balances, Aging and provision, Actual vs budget &others]
- Accounts reconciliation, transfer pricing and inter-company clearing and passing necessary entries
- Full control over government subsidy File [Accruals, Collections]
- Assisted in conducting external audit reviews and final audit activities and cooperate with external auditors in same regard
- Played key role in all automation projects in plants and external warehouse
- Managed full financial module in IMOS shipping system and take responsibility of monthly closing against main ERP SAP
- Coordinated and assisted budgeting & reporting senior analyst to report costs, capacity utilization, finished goods to plants and sales
Senior Cost Accountant
Philips Lighting (Lighting Manufacture)
Riyadh, KSA
06.2012 - 04.2014
- Constructed data accumulation systems for cost accounting system
- Created and reviewed controls needed for data accumulation and reporting systems
- Coordinated physical inventory counts and cycle counts, and investigated variances for solving issues
- Prepared reports on excess and obsolete inventory and all inventory aging on monthly basis and analyze data for accuracy
- Assisted in month-end closing, prepared journal entries as necessary, analyzed inventory evaluation, inventory roll forward and inventory reconciliation VS GL
- Prepared and maintained cost data for products on oracle multi-level BOM with material, labor and overhead on daily, weekly and quarterly basis
- Reviewed standard cost vs
- Actual & average costs for inaccuracies
- Maintained landed cost calculation with accuracy of purchase cost for all buy items
- Worked closely with purchasing (Supply Chain) to reconcile price variances and book entries as required
- Validated cost of goods sold as part of month-end close
- Accumulated and applied overhead costs as required by GAAP
- Assisted in calculation of cost savings for budget and measurement of actual savings
- Prepared, and report margins analyze by product for each segment of business unit, sales channel, branch, salesman and customer
- Worked closely with operations and service departments to reconcile and explain various operating variances and book adjusting entries as required
- Ensured timely submission, accuracy and validity of inventory, gross margin schedules to management
- Measured variance of manufacturing vs budget and forecast
- Assisted closely for budget preparation and cost calculation
- Performed other directly related appropriate duties as assigned
- Reviewed documents and accounts for discrepancies and resolved variances
Fixed Assets & Cost Accountant
Aluyni Group (Constructions & Building Materials)
Riyadh, KSA
06.2011 - 06.2012
Auditor
The Royal Pharma (Food Distribution)
Mansoura, Egypt
12.2010 - 04.2011
Financial Accountant
United Company of Pharmaceutical
Cairo, Egypt
04.2009 - 05.2010
Education
BBA - Accounting
Mansoura University
Egypt 01.2007 - 05.2008
Skills
Budget & Forecasting
Accomplishments
- Supervised & Built 32 staff team.
- Maintained high level controls over 700M SR Stocks, 2.5B SR Production / Sales and Government Subsidy with almost 1B SR.
- Maintained Automated reconciliation process of over 150 bank accounts with cash turnover of multiple billions.
- Managed to double the revenue of 3 business units thru feasibility studies introducing new lines of business and maximizing the profits from cash management.
- SAP implementation, YARDI P2P, Host to Host for automated reconciliation and payments, VAT localization.
- Assisted in reporting in a successful acquisition due diligence process.
- Having 12 years' experience handling audit reviews and final audit activities with external auditors from the big 4.
Certification
CMA (Certified Management Accountant), Institute of Management Accountants (IMA), #36705, 05/10/12
Additional Information
Nationality: Egyptian
Marital Status: Married
Dependents: 3
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Work Preference
Work Type
Full TimeWork Location
HybridRemoteOn-SiteImportant To Me
Career advancementCompany CultureTeam Building / Company RetreatsPersonal development programsHealthcare benefitsQuote
Opportunities Don't happen.You create them.
Chris Grosser
Software
Oracle
YARDI
NetSuite
Languages
Arabic
Bilingual or Proficient (C2)
English
Advanced (C1)
Affiliations
- AIMA
Interests
Travel
Football Matches
Timeline
Finance & Accounts Manager (Acting Head)
Deyaar Development PJSC
10.2021 - 11.2024
Finance Analyst
Deyaar Development PJSC
01.2019 - 11.2021
Senior Cost Analyst
ARASCO (Food Security & Agriculture Services)
04.2014 - 12.2017
Senior Cost Accountant
Philips Lighting (Lighting Manufacture)
06.2012 - 04.2014
Fixed Assets & Cost Accountant
Aluyni Group (Constructions & Building Materials)
06.2011 - 06.2012
Auditor
The Royal Pharma (Food Distribution)
12.2010 - 04.2011
Financial Accountant
United Company of Pharmaceutical
04.2009 - 05.2010
BBA - Accounting
Mansoura University
01.2007 - 05.2008
CMA (Certified Management Accountant), Institute of Management Accountants (IMA), #36705, 05/10/12
CPA (Certified Public Accountant), American Institute of Certified Public Accountants, in progress
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