Waleed Muhammed Bebars
Senior Accountant
Cairo
Summary
Experienced Senior Accountant with over 16 years of experience in Oil & Gas industries. A professional, talented, ambitious and self-motivated Senior Accountant with a strong accounting background who possesses self-discipline and the ability to work with minimum supervision. Ability to play a key role in delivering quality solutions that meet business objectives. Possessing a good team spirit, deadline orientated. A quick learner who can absorb new ideas and can communicate clearly and effectively.
Provide financial analysis for a successful and dynamic organization in the information management and financial market. To engage in a professional and team environment, with new creative challenges, where unique combination of skills and experience can be of mutual benefit.
Overview
19
19
years of professional experience
7
7
years of post-secondary education
3
3
Languages
Work History
Senior Accountant - Azerbaijan & Namibia
Subsea 7 Shipping limited
01.2023 - Current
- Handled month-end, Quarter-end, and year-end end closing.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Performed month-end account analysis, headcount and salary reports and related journal entries.
- Completed year-end closing processes with controllers and external auditors.
- Executed financial controls, procedures, systems and forecasting techniques to evaluate budget status.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Implemented continuous improvements to the budgeting process based on feedback from department heads and finance staff.
- Updated general ledger with latest entries.
- Improved budget forecasting accuracy by analyzing historical data and tracking trends.
- Reviewed budgets and communicated discrepancies to senior management.
- Optimized cash flow management, carefully scheduling outgoing payments to coincide with receivable cycles.
- Reconciled accounts and created documents for monthly closure procedures.
Senior Cost Centre Accountant UK & Norway
Subsea 7 Shipping Limited
01.2022 - 12.2022
- Latest thinking forecast for cost centres for UK and Norway.
- Running monthly reports for cost centre analysis and proper allocation.
- Back charging to projects and personnel recoveries.
- Budget forecast.
- Variance analysis explanation for both LTF and Budget.
- Prepare reconciliations and analysis with relevant and appropriate back up and critical analysis of the balances.
- Communicate with cost centre managers to plan, monitor and advise on financial performance, explaining financial information to non-financial personnel.
Senior Accountant - Egypt Branch
Subsea 7 Shipping Limited
09.2015 - 12.2021
- Managing monthly end closing process, which includes ensuring all costs incurred are properly recorded, reviewing journal entries, account balances and report preparation.
- Analyzing OOC and Overhead cost centers, booking all proper adjustments, recharges and accruals.
- Making sure all timesheets are entered properly with correct project cost codes for cost recharging.
- Following up with latest resource plan with relation to headcount and uploading all salaries and WBR on BFC.
- Adjusting monthly LTF and Actual costs on BFC.
- Reviewing BFC on monthly basis with any required corrective actions.
- Prepare detailed journal entries and account analysis.
- Performing monthly balance sheet reconciliation.
- Performing monthly Long-term cash forecast.
- Allocating and back charging costs to projects.
- Liaise with financial manager to improve financial procedures.
- Verify, allocate, post and reconcile accounts payable.
- Withholding tax review for invoices submitted.
- Coding FI invoices.
- Withholding tax review and submission for both Forms 41 & 11.
- Ensuring that tax returns are paid on accurate time basis.
- SAP extract for Withholding tax balances for both local and foreign.
- Proper tax archiving.
- Handling vendors payment requests or any related payment issues.
- Weekly aging for invoices located in VIM (Vendor Invoice Management).
- Weekly aging for GRIR (Good Receipt/Invoice Receipt) and monitoring any duplicated service entry sheets or good receipts.
- Following up with internal, external & tax audits requirements.
- In communication with Free zone for obtaining VAT exemptions if applicable.
- Petty cash review and booking.
- Monitoring and reviewing monthly expense claims.
Senior Accountant
Dredging Environmental & Marine Engineering
12.2014 - 09.2015
- Receiving invoices and credit notes from Suppliers.
- Preparing invoice approval forms for incoming invoices from suppliers.
- Review, scan and record all invoice transactions in MS Dynamics after checking.
- Handling vendors payment issues or any related problems concerning invoices.
- Handling all call and inquiries related to vendor payment issues.
- Compiling management reports and assisting with audits.
- Collecting all invoices and obtaining approval for payment.
- Matching and coding invoices.
- Maintaining vendor files raising and tracking invoices.
- Following up with all departments for invoices technical approvals.
- Receiving each month-end all purchase orders that are not invoiced from purchasing department for accruals.
- Review and reconcile vendor’s accounts and prepayments for monthly closing.
- Following up with treasury department for cash flow forecasting weekly.
- Providing support documentation for audits.
- Complied with policies, procedures, and standards.
- Worked under guidance of different business managers across different departments.
Accounts payable Supervisor
Sahara Petroleum Services
10.2010 - 10.2012
- Review and record all invoice transactions in SAP after checking.
- Review and reconcile vendors account and prepayments for monthly closing.
- Issuing cheques and electronic transfers to the vendors.
- Monthly bank reconciliation.
- Weekly cash call preparation.
- Prepare accounts payable weekly aging report.
- Processed all vendor invoices promptly in accordance with company policy.
- Trained and supported new hires to educate on SAP Accounts payable process flow.
- Supervised four accountant members and provided constructive teamwork, resulting in higher morale and increased employee retention.
Accountant
Agiba Petroleum Company
12.2005 - 10.2010
- Post transaction to journals, ledgers and other records.
- Preparing accruals and recurring adjustments on SAP.
- Following up with cost controllers for any costs to be charged during the month and not yet invoiced for accruals.
- Assisting in month-end and year-end closing with my senior managers.
- Receive, assemble, review and verify invoices and credit notes.
- Flag and clarify any unusual or questionable invoices before booking.
- Prepare accounts payable weekly aging report.
- Maintaining vendor files.
- Booking all the invoices on SAP.
- Set invoices up for payment by preparing payment vouchers.
- Correspond with vendors and respond to inquiries.
- Printing and distributing reports from SAP for management weekly meetings.
- Prepare vendors and general ledger analysis.
Education
MBA - Finance and Banking
Ain Shams University
Cairo 02.2009 - 03.2011
Bachelor degree - Accounting
Faculty of Commerce (English Section)
Banha Branch 09.2000 - 05.2005
SAP Financial Accounting (ECC 6.0) - SAP
Jupiter 2000
Cairo 10.2013 - 11.2013
Timeline
Senior Accountant - Azerbaijan & Namibia
Subsea 7 Shipping limited
01.2023 - Current
Senior Cost Centre Accountant UK & Norway
Subsea 7 Shipping Limited
01.2022 - 12.2022
Senior Accountant - Egypt Branch
Subsea 7 Shipping Limited
09.2015 - 12.2021
Senior Accountant
Dredging Environmental & Marine Engineering
12.2014 - 09.2015
SAP Financial Accounting (ECC 6.0) - SAP
Jupiter 2000
10.2013 - 11.2013
Accounts payable Supervisor
Sahara Petroleum Services
10.2010 - 10.2012
MBA - Finance and Banking
Ain Shams University
02.2009 - 03.2011
Accountant
Agiba Petroleum Company
12.2005 - 10.2010
Bachelor degree - Accounting
Faculty of Commerce (English Section)
09.2000 - 05.2005
Similar Profiles
Stephen ThompsonStephen Thompson
ROV Submersible Technician at Subsea 7ROV Submersible Technician at Subsea 7
Bader AlghamdiBader Alghamdi
Site Scaffolder at Subsea 7Site Scaffolder at Subsea 7
Mellaine Mellaine null
Senior Employee Services Advisor at Subsea 7 Asia PacificSenior Employee Services Advisor at Subsea 7 Asia Pacific