Mohamed Mortada
Cairo
Summary
Accomplished Finance Manager with a proven track record at Egyptian Methanex Methanol Company, enhancing forecasting accuracy and optimizing cash flow. Skilled in financial analysis and team leadership, I have successfully implemented advanced software solutions and strengthened internal controls, fostering professional development within teams and supporting strategic decision-making processes.
Overview
20
20
years of professional experience
Work History
Finance Manager
Egyptian Methanex Methanol Company
2024.05 - Current
- Improved forecasting accuracy, allowing company to make proactive adjustments with strategic initiatives.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
- Enhanced financial reporting accuracy by implementing advanced software solutions, leading to more informed decision-making processes.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Ensured compliance with local, state, tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Developed comprehensive financial reports for executive decision-making support.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
Financial Controller
Egyptian Methanex Methanol Company
2019.09 - 2024.04
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
- Prepared corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
- Created and distributed reports on internal and external finances, audits and budgets.
- Boosted compliance rates through contract audit procedure strategies.
- Completed year-end close processes with Finance team through effective supervision financial functions and regular treasury transactions.
- Maximized year-end tax benefits by efficiently managing cash flows.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Reviewed documents and data to give accurate presentations and forecasts to Country Leadership Team (CLT).
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing and related workflows.
- Ownership of Balance Sheet Reviews (BSR).
- Increased flow of financial information throughout company by improving communication strategies.
Accounting Manager
Saint Gobain Glass Egypt
2015.10 - 2019.08
- Established financial systems that affected all aspects of company operations.
- Performed field audits on a wide variety of internal operations.
- Mitigated accounting risks through the identification and improvement of process inefficiencies.
- Maintained compliance with company standards and legal requirements.
- Prepared financial statements, business activity reports, annual budgets and other records.
- Resolved complex Accounting issues or assists other Authority personnel in resolving financial issues.
- Created and initiated accounting procedures to increase organization's internal control.
- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.
- Managed all areas of accounting, including accounts payable and receivable, fixed assets management, general ledger management, banking reconciliations and monthly balance sheet statements.
- Focal point of Corporate & External audits.
- Managing monthly and annual BSR (Balance Sheet Reconciliation).
- Coached, trained and delegated tasks to 10 team members to meet specific department goals.
- Optimized employee performance, output and morale through incentive/people management programs.
Senior Planning Analyst
Pepsico
2014.12 - 2015.10
- Budget controller, ensured no over budget commitment or actual spending in place for each MOH category & S&D category
- Participated in the forecasting and budgeting process of volumes, direct costs, selling, distribution and overheads
- Managed budget reallocation for all MOH / Direct Cost / S&D budget line items.
- Monthly analysis reports to Operations, Sales, and Financial Mgt. for reviewing, demonstrating YTD commitments, actual spending and available for spending.
- Closely interacted with operations function, Sales function, and Supply Chain function to support in identifying business opportunities through preparation of the set of costs, operations expenses & variance analysis reports for P&L lines & categories.
- Ongoing reconciliations with Commodity suppliers to ensure proper pricing in place.
Balance Sheet & Cash Flow Senior Analyst - Internal Control
Pepsico
2011.06 - 2014.12
- Responsible for the credibility of the Balance Sheet & Cash Flow statements.
- Analyzed Balance Sheet & Cash flow KPIs versus trends and plan and developing the operational cause of changes.
- Responsible for the preparation & presentation of the Balance Sheet Review with the General Manager & Top Executives.
- Mitigated accounting risks through the identification and improvement of process inefficiencies.
- Gathered key data and modeled accurately to assist with business forecasting.
- Addressed and resolved complex and unexpected variances.
- Met accounting financial standards by providing accounting department annual budget information and cause of changes.
- Finance Control Focal point for Internal / Global / & External Audits.
- Responsible for the accuracy of the reports generated for the SSC departments.
Accounting Supervisor
Nile Cargo - Citadel Capital
2009.10 - 2011.06
- Monitored proprietary systems and applications to prevent unauthorized access.
- Proposed and published metrics and KPIs to be incorporated into the monthly financials and scorecards.
- Drafted and reviewed financial statement compilations before being approved by partners.
- Processed payments and applied to customer balances.
- Established procedures for custody and control of assets, records, accounts payable & accounts receivable.
- Created presentation formats for monthly/quarterly reviews of expense charge-outs.
- Collected and reported monthly expense variances and explanations.
- Analyzed and researched reporting issues to improve accounting operations procedures.
- Prepared accurate financial statements at end of the quarter.
- Documented recommendations to improve internal controls.
- Recommended new methods to improve internal controls and operating efficiency.
- Identified and reported audit issues.
Senior Audit Associate
Pricewaterhousecoopers Legal & Tax Consultants Co., Ltd.
2005.02 - 2009.10
- Audit planning including developing an overall strategy for the expected conduct and scope of the audit; assessing level of control and inherent risks, preliminary judgment about materiality levels for audit purposes.
- Reviewed internal controls and internal audit functions of various clients and suggested changes/improvements thereon.
- Drafted and prepared management letter points, audit reports, and final audit meetings.
- Coordinated and appraised work of operational level staff and managerial level, and ensured that audit objectives are efficiently achieved.
- Participation in internal audit engagements for Al Manshar Rotana Hotels including: Compliance with the policies and procedures, testing and evaluating internal controls within the hotel, and compliance with Kuwaiti Labor Law.
- Prepared/assisted clients in preparing Balance Sheets, Income Statements and Cash Flows, for individual entities as well as for consolidation purposes inline with International Financial Reporting Standards/GAAP/Statutory or management reporting requirements.
Associate Auditor
Grant Thornton Mohamed Hilal
2004.05 - 2005.02
- Assisted in planning work on assigned segments of audits.
- Coordinated with clients to perform tests on all internal controls of the organization.
- Reviewed transactions, documents, records and reports for accuracy and effectiveness.
- Checked information against guidelines for accuracy and compliance.
- Prepared financial statements, disclosures and comments.
- Prepared audit reviews after detailed checking of client accounts.
- Aided senior auditor in recommending strategies for financial planning and budgeting.
- Reconstructed accounting records from clients' checks and cash receipts.
- Generated and mailed updated statements.
- Followed up with customers to collect information and verify details.
- Drafted the complete annual audit reports including all footnote disclosures.
- Performing financial audit and/or reviews on recipients of United States Agency for International Development (USAID) & Canadian International Development Agency (CIDA)& European Community (EC) funds and other projects funded by international organizations such as SWISS FUND & WORLD BANK& UNRWA and writing reports of recommendations and suggestions in order to improve their financial management capabilities.
Education
Bachelor Of Commerce - Accounting
Faculty Of Commerce (English Section) - Ain Shams University
El-Qobba Bridge, Cairo Governorate2004
Skills
- Financial analysis
- Process improvement
- Accounting
- Process management
- Financial management
- Auditing
- SAP super user
- Team leadership
- Financial reporting
- Audits
- Financial auditing
- Finance
- Taxes
- Dataflow oversight
Timeline
Finance Manager
Egyptian Methanex Methanol Company
2024.05 - Current
Financial Controller
Egyptian Methanex Methanol Company
2019.09 - 2024.04
Accounting Manager
Saint Gobain Glass Egypt
2015.10 - 2019.08
Senior Planning Analyst
Pepsico
2014.12 - 2015.10
Balance Sheet & Cash Flow Senior Analyst - Internal Control
Pepsico
2011.06 - 2014.12
Accounting Supervisor
Nile Cargo - Citadel Capital
2009.10 - 2011.06
Senior Audit Associate
Pricewaterhousecoopers Legal & Tax Consultants Co., Ltd.
2005.02 - 2009.10
Associate Auditor
Grant Thornton Mohamed Hilal
2004.05 - 2005.02
Bachelor Of Commerce - Accounting
Faculty Of Commerce (English Section) - Ain Shams University
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