Wagdy Mohamed AL Housseiny

1. Financial Management & Reporting
Oversee daily accounting operations, including accounts payable/receivable, payroll, and general ledger.
Prepare and analyze financial statements (balance sheet, P&L, cash flow) with real estate-specific insights.
Ensure timely month-end and year-end closing processes with accurate reconciliations.
Monitor financial KPIs and provide actionable insights for business growth.
2. Real Estate Accounting & Project Finance
Manage property development accounting, including project cost tracking and revenue recognition.
Ensure proper accounting treatment for land acquisitions, sales, leases, and construction contracts.
Oversee escrow accounts, mortgage financing, and capital expenditures related to real estate projects.
Handle property tax filings, depreciation schedules, and loan compliance reporting.
3. Budgeting, Forecasting & Financial Planning
Develop and oversee annual budgets, cash flow projections, and financial forecasts for multiple projects.
Monitor budget variances and recommend cost control measures to optimize profitability.
Assist in evaluating new investment opportunities and feasibility studies for real estate developments.
4. Compliance, Tax & Audit
Ensure compliance with IFRS, GAAP, and local real estate regulations.
Manage corporate and real estate tax filings, VAT reporting, and regulatory submissions.
Liaise with internal & external auditors, ensuring smooth audit processes and risk management.
Implement internal controls to safeguard assets and prevent financial discrepancies.
5. Leadership & Process Optimization
Lead and mentor the accounting team, fostering a culture of accuracy and efficiency.

• Managed banking reconciliations and monthly balance sheet statements.

1. Accounts Receivable Management & Collections

Oversee invoicing, billing, and payment processing for property sales, leases, and development projects.

Monitor aging reports and ensure timely collection of outstanding balances.

Develop and implement credit policies to assess and manage client credit risk.

Maintain strong customer relationships to ensure smooth collections and dispute resolution.

2. Real Estate-Specific AR Operations

Ensure accurate recording of property transactions, including deposits, installment plans, and lease payments.

Coordinate with sales, legal, and finance teams to validate contracts and payment terms.

Manage escrow accounts and payment schedules for real estate projects.

Track commission payments and incentives related to property sales.

3. Financial Reporting & Compliance

Prepare and analyze AR reports, cash flow forecasts, and revenue recognition schedules.

Ensure compliance with IFRS, GAAP, and local real estate regulations.

Work with auditors to provide documentation for revenue audits and financial statements.

Implement and monitor internal controls to prevent financial discrepancies.

4. Enhance AR tracking with ERP solutions (SAP, Oracle).

5. Leadership & Process Improvement

Lead and mentor the AR team, ensuring high efficiency and accuracy.

Develop and enforce best practices for collections and customer account management.

Created monthly reports detailing accounts receivable performance metrics for senior management review.

• Client Account Management & Reconciliation
  Maintain and update client financial records, ensuring accuracy in property transactions.
  Manage client billing, payments, and account reconciliations for property purchases, leases, and installments.
  Handle account adjustments, refunds, and dispute resolutions related to client payments.
  Monitor client account balances, ensuring timely collections and compliance with contractual agreements.
  2. Financial Reporting & Compliance
  Prepare client account statements, aging reports, and financial summaries.
  Support internal and external audits by providing necessary financial documentation.
  Implement internal controls to ensure accurate financial reporting and fraud prevention.
  3. Client Interaction & Support
  Serve as the primary point of contact for clients regarding financial transactions and account inquiries.
  Assist clients with payment plans, financial documentation, and contract-related financial matters.
  Address client concerns regarding billing discrepancies, late payments, or contract amendments.
  4. Streamlined accounting processes for increased efficiency and reduced errors.

• 1. General Ledger & Financial Accounting
  Maintain and update the general ledger to ensure accurate financial data recording.
  Record and verify journal entries, accruals, and adjusting entries in compliance with accounting standards.
  Ensure proper classification of real estate transactions, including property acquisitions, sales, lease agreements, and project costs..
  2. Account Reconciliation & Financial Accuracy
  Reconcile bank statements, intercompany accounts, and subsidiary ledgers to ensure data integrity.
  Perform account analysis to identify and resolve discrepancies in financial records.
  Ensure proper reconciliation of fixed assets, depreciation schedules, and real estate project costs.
  3. Financial Reporting & Compliance
  Prepare and maintain financial statements, trial balances, and general ledger reports.
  Ensure compliance with IFRS, GAAP, and local real estate financial regulations.
  Support internal and external audits by providing financial records, documentation, and explanations.
  Implement internal controls to prevent accounting errors and ensure data accuracy.
  4. Real Estate-Specific Accounting Operations
  Track and record development costs, construction expenses, and project financing transactions.
  Ensure proper accounting treatment for escrow accounts, tenant deposits, and lease payments.
  Manage capital expenditures, depreciation schedules, and amortization of real estate assets.

• Assisted with budget preparation, monitoring expenses, and providing timely updates to management on variances.
• Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
• Prepared detailed cash flow analyses for management review, highlighting potential areas of concern related to liquidity issues or potential shortfalls in operating funds.
• Improved financial accuracy by conducting thorough account reconciliations and adjusting journal entries.

• Contributed to a streamlined year-end closing process by diligently reviewing account balances for accuracy throughout the year.
• Ensured timely completion of balance sheet reconciliations, leading to improved financial statement reliability.
• Improved interdepartmental communication by providing clear explanations of complex accounting concepts to non-financial staff members.
• Supported internal control initiatives by identifying areas for improvement within existing general ledger processes and recommending corrective actions.
• Provided journal entries and performed accounting on accrual basis.
• Collected and reported monthly expense variances and explanations.

• Completed audits in accordance with regulations and procedures.
• Reviewed general ledger transactions to identify errors or irregular entries.
• Assessed financial statements and records.
• Supported senior auditors in the preparation of detailed reports for management, outlining key findings and areas for improvement.
• Performed auditing work in accordance with rigorous auditing standards and principles.