Mohamed Swaify
Alexandria
Summary
Highly accomplished and results-driven Financial Controller with over 19 years of progressive experience in the Oil & Gas Exploration & Production sector, specializing in joint venture operations, financial leadership, and strategic cost management within diverse international contexts. MBA graduate (Marywood University, USA, 2025) with proven expertise in SAP FICO systems, cost accounting, financial reporting, budgeting, and complex vendor negotiations, adhering to International Financial Reporting Standards (IFRS). Recognized for driving international financial projects, implementing strategic process improvements, and consistently delivering significant financial achievements. Adept at optimizing financial performance, ensuring regulatory compliance, and leading high-impact teams to achieve corporate objectives across various geographical regions.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Financial Controller
Abu QIR Petroleum
07.2020 - Current
- Directed and managed an annual operating budget exceeding USD 35M, ensuring fiscal integrity and strategic alignment with corporate goals.
- Concurrently manage the financial operations of two paper companies, overseeing all accounting and financial reporting functions.
- Spearheaded financial analysis and cost management for a USD 350M+ subsea wells project and enhancing reporting accuracy and providing critical insights for executive decision-making.
- Led financial negotiation and evaluation for international tenders, including a USD 150M subsea wells project in 2021.
- Oversaw comprehensive financial results for multiple cost pools, guaranteeing accuracy, completeness, and timely reporting to support strategic financial planning.
- Implemented robust cost control measures that optimized financial performance and contributed to significant savings across operations, aligning with global industry benchmarks.
- Collaborated cross-functionally to streamline financial processes, improving efficiency and data integrity across departments.
Treasury Manager / Head of Treasury Operations
Abu QIR Petroleum
07.2018 - 06.2020
- Secured USD 170M in foreign currency to finance a critical drilling campaign during a period of economic instability and hard currency shortages, effectively mitigating foreign exchange risks and ensuring project continuity.
- Managed and optimized cash flow reports, ensuring timely and accurate payments while reviewing all vouchers prior to authorization.
- Analyzed and recommended banking service proposals, enhancing financial partnerships and maintaining precise cash estimates.
- Streamlined Banking Affairs department operations, implementing new processes that significantly improved efficiency and cash flow management.
Head of Accounts Payable
Abu QIR Petroleum
01.2017 - 06.2018
- Led a team of accountants, optimizing Accounts Payable processes and achieving a more efficient, automated system that reduced manual errors and increased productivity.
- Contributed as a financial member to the negotiation and evaluation of the EPIC contract for a new offshore platform and installation in 2016.
- Negotiated favorable terms with key international contractors and local vendors, securing discounts and improved payment terms that positively impacted the company’s profitability.
- Successfully integrated SAP FI / ERP systems, serving as a SAP Super User (FICO/FM) to enhance financial reporting and operational efficiency.
- Resolved complex accounts payable disputes promptly and accurately, maintaining strong vendor relationships.
Accounts Payable Supervisor
Abu QIR Petroleum
01.2014 - 12.2016
- Supervised a team of three accounts payable clerks, ensuring accurate and timely invoice processing for high-volume transactions.
- Coordinated and controlled the complete payment lifecycle for a USD 100M drilling campaign, ensuring adherence to budgetary and contractual obligations.
- Collaborated with leading financial analysts in 2015 as a finance team member to prepare the SAP blueprint & scope of work for tender issuance.
- Developed and implemented new procedures and features that significantly enhanced departmental workflow and operational efficiency.
Senior Accounts Payable Specialist
Abu QIR Petroleum
03.2009 - 12.2013
Accounts Payable Accountant
Western Desert Petroleum Company
06.2006 - 02.2009
Education
Master of Business Administration (MBA) -
Marywood University
06-2025
Bachelor of Commerce - Accounting
Alexandria University
05-2005
Skills
- Financial Management: Financial Analysis, Reporting & Control (IFRS), Budgeting & Forecasting, Cost Accounting, Monthly Closing Standardization, Treasury Management, Cash Flow Optimization, Financial Planning & Strategy
- ERP & Systems: SAP FICO, ERP Implementation, Microsoft Office Suite (Advanced), Microsoft GP
- Project & Contract Management: Tenders & Contracts Management, Vendor Negotiations, Project Finance, Capital Projects, Joint Venture Accounting
- Audit & Compliance: Internal & External Audit (Deloitte, E&Y), Regulatory Compliance, Internal Controls, International Compliance Standards
- Leadership & Development: Team Leadership, Strategic Planning, Process Improvement, Negotiation, Problem Solving, Cross-functional Collaboration
Certification
- EGPC Top-Level Leadership – Expert Negotiation & Persuasion Skills
- Problem Solving, Teamwork, Performance Review, and Compassionate Leadership
- Seven Habits of Highly Effective People for Associates
- Self-Management Leadership and Negotiation Skills (Ken Blanchard)
- IBM SAP Training – Edison S.p.A, Milan, Italy (Dec 2013) (International Training Program)
- Contracting Fundamentals and Drafting Contracts
Languages
Arabic (Native)
English (Excellent)
Timeline
Financial Controller
Abu QIR Petroleum
07.2020 - Current
Treasury Manager / Head of Treasury Operations
Abu QIR Petroleum
07.2018 - 06.2020
Head of Accounts Payable
Abu QIR Petroleum
01.2017 - 06.2018
Accounts Payable Supervisor
Abu QIR Petroleum
01.2014 - 12.2016
Senior Accounts Payable Specialist
Abu QIR Petroleum
03.2009 - 12.2013
Accounts Payable Accountant
Western Desert Petroleum Company
06.2006 - 02.2009
Master of Business Administration (MBA) -
Marywood University
Bachelor of Commerce - Accounting
Alexandria University
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