Sayed S.

Finance and Accounting Manager | Nov 2018 – Current

CNK Corporation for Textiles (Korean Company)

(Industry textiles - 10th Of Ramadan Industrial Zone A6)

Accounting Manager Responsibilities:

·Managing general ledger entries

·Reviewing precise data entry

·Approve financial data in deferrals, accruals, and reclassification

·Approve cash deposits and cash receipts

·Interpreting and analyzing financial information

·Recording monthly and annual processes

·Approve journal entries in the accounting system (ERP System)

·Approve fixed assets Transaction (Acquisition, Disposal, Scrap, Transfer, Merge)

·Collaborating with various departments such as Sales, Legal and other departments

·Reporting any fluctuations and variances for CFO.

·Understand expense accounts and cost centers

·Perform accounting analyses and reporting to support decision-making purposes

·Preparing Financial Statements.

·Assisting the team with accounting issues and queries

·Reviewing Withholding tax Report by calculating requirements on paid invoices And Upload It on Tax Authority Website

·Reviewing value added tax (VAT) Report by calculating requirements on paid invoice And Upload It on Tax Authority Website

·Reviewing Salaries Tax Report After HR Department Finished It and Then Upload It on Tax Authority Website

·Tracks, analyzes and controls the costs

·Support For the monthly, quarterly, half & annual budget, comparing it to actual results, and reporting on variances from the budget

·Minimize the deviation from the budget and ensure that the project is completed within the approved budget

·Day to day materials movement Analysis

·Compare production order with Actual BOM

·Manage Inventory cycle Counting, Creation and analyze Stock adjustment

·Support month-end and year-end close process

·Reviewing The Customs Duties Certificates Before Entering on Nafeza Website

·Reporting to finance Manager and CFO

Finance and Accounting Manager | July 2017 – Oct 2018

Ul HWA Egypt for Textiles (Korean Company)

(Industry textiles – Beni Souf – Kom Abo Rady Industrial Zone A6)

Accounting Manager Responsibilities:

·Managing general ledger entries

·Reviewing precise data entry

·Approve financial data in deferrals, accruals, and reclassification

·Approve cash deposits and cash receipts

·Interpreting and analyzing financial information

·Recording monthly and annual processes

·Approve journal entries in the accounting system (ERP System)

·Approve fixed assets Transaction (Acquisition, Disposal, Scrap, Transfer, Merge)

·Collaborating with various departments such as Sales, Legal and other departments

·Supporting budgeting and forecasting activities

·Reporting any fluctuations and variances for CFO.

·Understand expense accounts and cost centers

·Perform accounting analyses and reporting to support decision-making purposes

·Preparing Financial Statements.

·Assisting the team with accounting issues and queries

·Reviewing Withholding tax Report by calculating requirements on paid invoices And Upload It on Tax Authority Website

·Reviewing value added tax (VAT) Report by calculating requirements on paid invoice And Upload It on Tax Authority Website

·Reviewing Salaries Tax Report After HR Department Finished It and Then Upload It on Tax Authority Website

Finance and Accounting Supervisor | Oct 2014 – June 2017

Al Fuwaileh for Contract (Sub Contract Aramco Saudi Arabia)

Supervisor Responsibilities

·Reviewing day to day financial transactions, including verifying, classifying, and recording accounts payable data into financial system

·Entering financial data in deferrals, accruals, and reclassification

·Reviewing journal entries in the accounting system

·Tracking fixed asset ledger

·Perform accounting analysis for cash accruals, account payables, account receivables

·Collaborating with various departments such as Sales, Legal and other departments

·Reporting any fluctuations and variances

·Understand expense accounts and cost centers

·Analyze and perform foreign currency exchanges

·Support to Prepare balance sheet and profit and loss statements

·Assisting the team with accounting issues and queries

·Working in compliance with government regulations

·Adhering to accounting standards and regulations

·Staying updated with the best practices in accounting

·Reviewing all of payments, including payroll, invoices, etc.

·Support to Prepare value added tax (VAT) Report by calculating requirements on paid invoices

Senior Cost Accountant | Jan 2011- Sep 2014

Khomaseya for Industry & Trade

(KIT display solution for producing display stands Unite)

A): Cost Controller & Budget Analyst:

·Tracks, analyzes and controls the costs

·Responsible for controlling the project costs, this includes planning, developing, controlling, and forecasting the project’s budget

·Preparing the monthly, quarterly, half & annual budget, comparing it to actual results, and reporting on variances from the budget

·Minimize the deviation from the budget and ensure that the project is completed within the approved budget

B): Material Cost Management:

·Day to day materials movement Analysis

·Compare production order with Actual BOM

·Monitor Pending GI for production order to avoid Loss result from material over/under issue

·Monthly compare for Key material prices

·Perform Material cost monthly closing, Compare Material cost by Forecasted and Target Material cost

·Weekly report Stock balance [restricted/Block], Scrap Amount and Unplanned Material by department

·Manage Inventory cycle Counting, Creation and analyze Stock adjustment

C): Overhead Controller:

·Reporting to finance Manager and CFO

·Review all accounting operations including A/P, GL to avoid any distortion in posting

·Support month-end and year-end close process

·Ensure quality control over financial transactions and financial reporting

·Review the trend of Expenses to ensure that no missing in posting.

·Prepare monthly Forecast and Target OH for Preparing Income Statement

·Prepare P&L by Customer, Model to show which Customer or Product achieve Profit or Loss

·Assist in Decision of Make or buy

·Review all intercompany transaction rather than trade account

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Senior Financial Accountant | Mar 2008 – Dec 2010

Electro-lab for Industrial and Engineering Services

Accounts Payables Responsibilities

·Perform day to day financial transactions, including verifying, classifying, and recording accounts payable data into financial system

·Keeping track of all payments, including payroll, invoices, etc.

·Paying vendors by scheduling pay checks Or Electronic Transfer and ensuring payment is received for outstanding credit, responding to all vendor enquiries regarding finance

·Preparing analyses of accounts and producing monthly reports

·Continuing to improve the payment process

·Pays employees by receiving and verifying expenses reports and requests. For advance Payments

·Maintain vendor’s files and official documents

·Monitor accounts to ensure payments are up to date

·Prepare Quarterly vendors balance confirmation

·Entries and comparing system reports to balances

Senior Financial Accountant | Jan 2006 – Feb 2008

M Dental for Dental Requirements

Accounts Receivable Responsibilities:

·Maintain up-to-date billing system

·Generate and send out invoices

·Follow up on, collect and allocate payments

·Carry out billing, collection and reporting activities according to specific deadlines

·Perform account reconciliations

·Monitor customer account details for non-payments, delayed payments and other irregularities

·Research and resolve payment discrepancies

·Generate age analysis

·Review A/R aging to ensure compliance

·Maintain accounts receivable customer files and records

·Follow established procedures for processing receipts, cash etc.

·Process credit card payments

·Prepare bank deposits

·Investigate and resolve customer queries

·Process adjustments

·Develop a recovery system and initiate collection efforts

·Communicate with customers via phone, email, mail or personally

·Assist with month-end closing