profile-img

Tarek osama Ghabban

 Head of Accounting at Galaxy Chemicals (Egypt)

Nasr City, Cairo, Egypt

Work Experience

  •  Head of AccountingFull Time

    Galaxy Chemicals (Egypt)

    Nov 2022 - Present -2 yrs, 7 months

    Egypt , Suez

    • Job Details:As Head of Accounting, I oversee and manage the overall accounting operations and functions for the organization to ensure financial data is accurately captured, recorded, and reported. I maintain compliance with accounting standards and policies, as well as ensure internal controls are in place. Responsibilities: • Drive continuous improvement in accounting processes: - Develop and implement process improvements in ERP “Microsoft Dynamics NAV,” including automation and standardization of accounting processes. - Monitor and evaluate the effectiveness of accounting processes and make recommendations for improvement. - Identify opportunities to streamline accounting processes and improve efficiency. • Manage accounting operations: - Manage accounting operations, including accounts payable, accounts receivable, general ledger, and treasury. - Ensure that accounting policies and procedures follow financial regulations and accounting principles. - Review financial reports and analyze variances to determine financial status and identify issues. Recommend corrective actions as needed. - Provide financial information to management by researching and analyzing accounting data, with a monthly expense analysis report and comparison to the budget using Power BI. • Ensure accuracy and completeness of financial information: - Ensure that financial information is accurate and complete by reviewing and approving journal entries, reconciliations, and other accounting transactions. - Monitor and analyze accounting data to identify and resolve discrepancies and variances. - Ensure that financial reporting is timely and in compliance with regulatory requirements. • Lead and develop accounting team: - Lead and manage a team of accounting professionals, providing guidance and mentorship to team members. - Recruit, develop, and retain a high-performing team of accounting professionals. - Provide leadership and direction to the team, setting clear goals and objectives, and ensuring accountability. - Foster a culture of continuous improvement, collaboration, and knowledge sharing. • Manage relationships with internal and external stakeholders: - Build and manage relationships with internal stakeholders to ensure that their accounting needs are being met. - Manage relationships with external auditors, tax authorities, and other regulatory bodies to ensure compliance with financial regulations and accounting principles. - Collaborate with cross-functional teams to ensure that accounting processes are integrated with other business processes.
  • Head of Digital FinanceFull Time

    Contact Financial Holding

    Nov 2021 - Nov 2022 -1 yr

    Egypt , Cairo

    • Job Details:Responsible for Companies “Contact Cars.com - Contact Pay – Contact Creditech" The Head of Digital Finance & Fintech will be responsible for driving the digital transformation of the finance function and leading innovation in the fintech space. The role will involve developing and implementing digital finance strategies, identifying, and partnering with fintech companies, and building and leading a high-performing team. Responsibilities: • Develop and implement digital finance strategies: - Develop and implement a comprehensive digital finance strategy that aligns with the overall business strategy. - Identify opportunities for digitalization within the finance function and develop plans for their implementation. - Ensure that digital finance initiatives are aligned with regulatory requirements and industry best practices. • Build and lead a high-performing team: - Recruit, develop, and retain a high-performing team of digital finance and fintech professionals. - Provide leadership and direction to the team, setting clear goals and objectives and ensuring accountability. - Foster a culture of innovation, collaboration, and continuous improvement. • Drive innovation in the fintech space: - Identify opportunities for innovation in the fintech space and develop plans for their implementation. - Collaborate with cross-functional teams to identify opportunities for new products and services that leverage fintech capabilities. - Work with senior leadership to develop a culture of innovation and experimentation to drive growth in the fintech space. • Ensure compliance with regulations and policies: - Ensure that all digital finance and fintech initiatives comply with regulatory requirements and internal policies and procedures. - Develop and implement controls to mitigate risks associated with digital finance and fintech initiatives. - Monitor and report on compliance with regulations and policies related to digital finance and fintech. • Manage accounting operations: - Supervising safes and POS transactions: This involves overseeing the recording and reconciliation of all cash transactions through safes and point of sale (POS) systems. - Reviewing payments for dealers: You will need to review and verify payments made to dealers according to the agreed payment terms, which could involve reviewing invoices, purchase orders, and other relevant documentation. - Reviewing and reconciling dealers' accounts: This involves reviewing and reconciling the accounts of dealers, which could include verifying the accuracy of sales and purchase orders, reconciling payments, and resolving any discrepancies. - Reviewing the accounts payable and receivable aging report: You will need to review and analyze the accounts payable and receivable aging report, which shows the status of outstanding payments owed to or by the company. - Ensuring that AP and GL staff successfully carry out day-to-day operations: As a manager, you will be responsible for overseeing the accounts payable and general ledger staff, ensuring that they carry out their daily tasks accurately and efficiently. - Managing the treasury team: You will be responsible for managing the treasury team, which involves monitoring and managing the company's cash flow, investments, and other financial instruments. - Preparing MIS reports: You will be responsible for preparing management information system (MIS) reports for various departments within the company, which could include financial analyses, forecasts, and other financial reports. - Reviewing government payments: You will need to review and ensure timely payment of various government payments, including VAT tax, payroll tax, withholding tax, and social insurance.
  • Senior AP Accountant & GLFull Time

    Galaxy Chemicals (Egypt) S.A.E

    Oct 2013 - Nov 2021 -8 yrs, 1 month

    Egypt , Suez

    • Job Details:•From May 2019 to November 2022, my responsibilities included: -Reviewing payments for due invoices according to the agreed payment terms. -Managing advance payment advances and due invoices to suppliers with the treasury team. -Ensuring that all government payments are paid on time. -Reviewing the accounts payable aging report and closing and reconciling A/P related G/L accounts monthly. -Supervising all safe box transactions, custody of employees, settlement, and report revision. -Ensuring that general accounting processes are in line with company policy and IFRS/local GAAP for Egypt. -Providing financial information to management by researching and analyzing accounting data, including expense analysis reports monthly, and comparing it with the budget. -Supporting in the preparation of deliverables as per internal/external audit requirements, responding to raised queries, and coordinating between divisions and external audit teams. -Ensuring that the AP and GL staff conduct day-to-day operations successfully. •From May 2015 to April 2019, my responsibilities included: - Processing payments for due invoices according to the agreed payment terms, including online payments, checks, transfers, and document collection. -Making and preparing all government payments that are paid on time, including sales tax, payroll tax, withholding tax, and social insurance. -Being responsible for all safe box transactions, including disbursements and reimbursements of all kinds of permanent and temporary petty cash. -Being responsible for the custody of employees, settlement, and preparing requested reports. •From October 2013 to April 2015, my responsibilities included: -Reviewing the documentation of presented POs, invoices, and quotations according to policies and guidelines. -Booking invoices on the system on the related accounts. -Supporting other finance functions if needed while keeping segregation of duties. -Reviewing scrap sales and reporting, booking, cash receiving, and reconciling the petty cash balance at the end of each working day. -Acting as document controller and being responsible for legal documents. -Handling documents for export support fund.
  • Education

    • Bachelor`s Degree in Management and Accounting in in Management and Accounting, Accounting Department

      Higher Institute of Computer and Information Technology El Shorouk, Egypt.

      Jan 2008 - Jan 2012 - 4 yr

    • High School - Thanaweya Amma

      Suez Secondary School For Boys

      Jan 2008 

    Achievements

    Volunteer at Life Makers Foundation from September 2011 until now: "Honest Livelihood" Project Responsible for : - Conducting social survey for most vulnerable families. - Evaluate the families that deserve the micro-business or not. - Deliver micro-business projects to the families that deserve. - Monitor the social & economic status of beneficiaries of assuring the project success & change their lives. - Life Makers Project "Al Alm Qwah Initiative"(Team Worker and Supervisor) the first phase of September 2011 to December 2012. - Life Makers Project "Aw3a campaign" (Team Member) The first phase of February 2012 to May 2012. - Life Makers Project "Qdwa" (Logistics team leader) the first phase of February 2013 to May 2013

    Skills

    • Financial Analysis
    • Volunteering
    • Accounting
    • Accounts Payable
    • petty cash
    • Microsoft Office
    • Financial Management
    • General Ledger
    • Value-Added Tax (VAT)
    • Accruals
    View More

    Languages

    • English

      Fluent
    • Arabic

      Fluent

    Training & Certifications

    • General English, Developing Learners

      AUC - School of Continuing Education·2014
    • The costs stages of company and how cost elements tab

      Suez Oil Processing Company (S.O.P.C)·2011
    • American Professional Certificate of Accounting (A.P.C.A)

      Aim Westbrook University·2011
    Share this Profile