ORACLE
MOHAMED SHAEIR
CHIEF ACCOUNTANT
Cairo
Summary
Seasoned Accountant bringing more than 15 years of experience directing accounting systems for diverse business groups. Industrious and cost-conscious with excellent project management abilities. Advanced understanding of industry standards and accounting laws.
Overview
22
22
years of professional experience
4
4
years of post-secondary education
1
1
Language
Work History
Chief Accountant
WORLD OF AGRICULTURE & VETERINAY CO
1 2018 - Current
- Perform financial analysis and reporting to management as needed
- Preparing the budget and expense management activities for assigned accounts
- Perform month-end accounting activities such as reconciliations and journal entries
- Coordinate with finance team to complete assigned accounting tasks within deadlines
- Processing and following up on payments, including debtor collections
- Preparing financial statements and year-end tax returns
- Analyze financial discrepancies and recommend effective resolutions
- Monitor expenditures, analyze revenues and determine budget variances and report the same to management
- Implementing an electronic invoicing and receipts system in the company according to government directives and ensuring integration of the accounting system with tax requirements
- Working on reducing costs and expenses by seeking the best offers available from suppliers or service providers
- Efforts have been made to reduce vehicle expenses by 15%
- Efforts have been made to reduce the cost of imported shipments by negotiating with banks to lower administrative fees for opening credits and obtaining better rates
- Additionally, negotiations with customs brokers and shipping companies for freight and cargo transportation have been conducted
- The focus is on ensuring timely import processing to avoid any customs or tax penalties for the company
- New departments have been incorporated into the company, increasing the total number of departments from 3 to 7
- These include the Seed Department, Fertilizer Department, Machinery Department, Irrigation Department, and so on
- This expansion is part of the company's growth plan
- Coordination has been established with the heads of the new departments to prepare models, accounting procedures, and coding for the new items/categories
- Contribution to increasing the company's business volume involves adding a new activity: exporting agricultural crops
- This includes closely monitoring export operations and financial procedures with the department head
- The process includes selecting agricultural crop suppliers through competitive bidding to secure the best prices
- Additionally, it involves tax and customs coding for the exported items, coordinating with customs brokers, overseeing the shipment of exported goods, and following up with external clients to ensure timely invoice collection
- The company smoothly transitioned from an old accounting system, GLOPSYS, to a new system, NetSuite
- This transition involved discussing and explaining the nature of accounting operations to programmers, closely monitoring the transfer of balances and accounting transactions from the old system to the new one
- Additionally, accountants and department heads were trained on the new accounting system, ensuring the accuracy of the generated reports
- The commitment to complying with new regulations required by government authorities and tax agencies involved transitioning from manual tax calculations submitted to the tax authority to an electronic system
- The company subscribed to the electronic system of the Egyptian Tax Authority, ensuring the accuracy of data uploaded to the system on a daily or monthly basis
- Required reports were submitted promptly
- Successfully integrating the old and new accounting systems with the electronic invoicing and tax authority systems was also achieved
- A comprehensive insurance system has been established for each company within the group in Egypt (6 companies), covering: Insurance for company premises, Vehicle insurance, Fidelity insurance, Transportation insurance (land, sea, air), Storage insurance
- Efforts were made to obtain quotes from various insurance companies, compare them, and follow up on the collection of any due amounts, including compensations
- Monitoring general assemblies with either a law firm or accounting office specialized in approving budgets or amending the articles of association of companies and submitting them to government authorities
- Dealing with Government and Tax Authorities, Financial Preparation for Tenders, supplying to the Armed Forces, and Obtaining Facilities and Loans from Banks
- Assuming the Role of Interim Financial Manager Upon the resignation of the group's financial manager, I assumed the role of interim financial manager
- During this period, I ensured the smooth continuation of financial and accounting operations for four months until a new financial manager was appointed.
Budgeting and Financial Analyst
AGRIMATCO FOR AGRICULTURE GROUP
01.2017 - 12.2017
- Analyze financial data and trends to provide insights into the organization's financial performance
- Identify areas of improvement and recommend strategies to enhance financial efficiency
- Conduct variance analysis to compare actual performance against budgeted and forecasted figures
- Collaborate with department heads to develop annual budgets based on organizational goals and objectives
- Monitor budget execution and expenditures to ensure adherence to financial targets
- Present financial information to senior management and other stakeholders in a clear and concise manner
- Ensure compliance with regulatory requirements and accounting standards.
Senior Accountant
AGRIMATCO FOR AGRICULTURE
02.2011 - 12.2016
- Performing accounting functions for the financial segment of business including assisting in preparation and analysis of monthly financial and management reports
- Performing daily cash application functions
- Perform financial analysis of business as assigned by Controller
- Work with the preparation of the quarterly financial reporting package and assist in audit requests as assigned
- Identifying and contacting customers with overdue accounts and entering data into computer to track collection efforts and progress
- Work with State management on CPR (property records) reviewing capital spending and project completion status
- Perform monthly expense and balance sheet account reconciliation and analysis for review by the Controller
- Gathering data through file research or discussion with sales/estimators in order to answer questions and compile backup information for further collection efforts
- Prepare and distribute State level financial reporting information including monthly Labor analysis, key financial metrics as determined by the State management team
- Preparing work papers for audit and pre-qualification purposes
- Review and analyze monthly results to ensure accuracy of financial statements, making accruals and adjustments as needed
- Performing back-up functions for various cost positions in the accounting department.
Senior Accountant
RED SEA HOTEL
10.2009 - 01.2011
- Handling and maintain the Books of Accounts such as Cash Book, Bank Book, Accounts Receivables and Accounts Payables, Register, Weekly Cross checking of the branches
- Analyze auditor’s advice/suggestions/objections for improving systems/procedures
- Preparation of Final Accounts (Trial Balances, Profit and loss Account, And Balance Sheet).
Auditor
WAGIH ALATRASH AUDIT BEARU
07.2006 - 08.2009
- Gaining Extensive Accounting and Financial Background Through my work at the accounting firm, I acquired a distinguished accounting and financial background due to the diversity of the firm's clients
- These clients included commercial companies, non-profit organizations, schools, hospitals, export and import companies, fast food restaurants, industrial gas factories, plastic factories, and government entities
- Responsibilities handled include: Audit of business enterprises in manufacturing and retail industries
- Concurrent and Statutory audit of banks
- Accounting for businesses, professionals and non-profit organizations with emphasis on financial statements
- Preparation of final accounts
- Reconciliation of bank statements
- Management services including project reports
- General office duties and administrative tasks.
Accountant
BIN KAZAMEL FURNITURE CO
06.2002 - 07.2005
- Handling and maintain the Books of Accounts such as Cash Book, Bank Book, Accounts Receivables and Accounts Payables, Ledger, Journals, Sales Register, purchase Register, Stock Register and Payroll Register, Weekly Cross checking of the branches
- Analyze auditor’s advice/suggestions/objections for improving systems/procedures
- Preparation of Final Accounts (Trial Balances, Profit and loss Account, And Balance Sheet).
Education
B.COM (Bachelor of Commerce) - ACCOUNTING FEILED
ELMANSOURA UNIVERSITY
09.1998 - 05.2002
ACCOUNTANT PREPRATION COURSE - undefined
ELMANSOURA UNIVERSITY
ENGLISH LANGUAGE COURSE - undefined
MANSOURA UNIVERSITY
Skills
- Excel
Word
- Month-end close
- Intercompany Transactions
- Audit management
- Financial Accounting
- General Ledger Management
- Financial Transactions
- Financial Recordkeeping
- Annual Budget Preparation
- Financial Auditing
- Internal Controls
- Audit Support
- Monthly Financial Statements
- Cost accounting
- Financial Statements
- Corporate Compliance
- Tax Return Preparation
- Accounts Payable and Receivable
- Full-cycle accounting
- General Ledger
- Database Management
- Consolidation Accounting
- MS-PowerPoint
- Cash Flow Management
- GAAP Accounting
- Regulatory Compliance
- Payroll Processing
- Tax Planning and Compliance
- Fixed Asset Accounting
- Compliance requirements
- ERP System Expertise
- Financial Reporting
- IFRS Knowledge
- Bank Reconciliation
- Analytical Skills
- Cash Flow analysis
- Tax Preparation
- Budget Preparation
- Teamwork and Collaboration
- Statement Review
- Amortization Cost Valuation
- Stock Valuation
- Audit Planning
Numberofdependents
4
Coursestrainings
- Communication & Presentation Skills Course GUC (GERMAN UNIVERSITY IN CAIRO)
- Leadership skills course -360 SOLUATION – CAIRO EGYPT
- Building Successful Leader Course
- The power of Leadership training project (Study Q institution)
Contacttelephonenumber
002-02-35941596, 002-0122-5422233, 0020-010-04630866
Drivinglicenseissued
EGYPT
Personal Information
- Date of Birth: 04/11/82
- Nationality: EGYPTIAN
- Marital Status: Married
- Religion: Muslim
Software
PEACHTREE
QUICK BOX
NETSUITES
GLOBAL SYS
Timeline
Budgeting and Financial Analyst
AGRIMATCO FOR AGRICULTURE GROUP
01.2017 - 12.2017
Senior Accountant
AGRIMATCO FOR AGRICULTURE
02.2011 - 12.2016
Senior Accountant
RED SEA HOTEL
10.2009 - 01.2011
Auditor
WAGIH ALATRASH AUDIT BEARU
07.2006 - 08.2009
Accountant
BIN KAZAMEL FURNITURE CO
06.2002 - 07.2005
B.COM (Bachelor of Commerce) - ACCOUNTING FEILED
ELMANSOURA UNIVERSITY
09.1998 - 05.2002
Chief Accountant
WORLD OF AGRICULTURE & VETERINAY CO
1 2018 - Current
ACCOUNTANT PREPRATION COURSE - undefined
ELMANSOURA UNIVERSITY
ENGLISH LANGUAGE COURSE - undefined
MANSOURA UNIVERSITY
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