Basic Info

Ahmed Sherif

9 years

Cairo, giza, Egypt

Bachelor's Degree

Senior Management

Work Experience

Accounting Manager at EMAAR MISR FOR DEVELOPMENT

Experience Details

Accounting Manager

Accounting/Finance

Manager

 Automate the manual operations within an agreed time frame.
 Works with senior management to set long-range department objectives; ensures timely delivery of goals.
 Lead a team of 10 Accountants and another 6 accountants from outsourcing company.
 Supervise and follow up with Sales Admin Team consisting of 15 members in HQ and 2 branches.
 Ensure that the team members are adequately trained on Oracle in order to perform their duties effectively and efficiently.
 Partners with operations management on aging improvements, analysis, training and strategic initiatives.
 Identifies problems and develops action plans for resolution.
 Insure that the financial transactions are updated and maintained for the assigned area and are recorded on time and accurately in accordance with the company’s requirements.
 Monitoring the closing of ledgers and sub ledgers and produce all reports on a timely basis.
 Interview/Evaluate new candidates in order to increase oracle A.R users.
 Working closely with Egypt/Dubai Oracle consultants to enhance the old reports and to create additional reports that serve company’s management needs.
 Carry Out formal /informal appraisal reviews for supervisors and identify their training requirements.
 Liaise with internal/External auditors.
 Maintains compliance with all accounts receivable policies and procedures and recommends changes
 Liaise with related departments and resolve any finance related issues.
 Liaise with the hand over team all the necessary financial status H.O documents needed to
H.O process.
 Review all customers( payments, Refunds ,interest ,fees ,late payments ,Upgrade/Down grade fees)


Company Details

EMAAR MISR FOR DEVELOPMENT (multinational)

Cairo, Egypt

501-1000 employees

Real Estate/Property Management

http://www.emaarmisr.com/default.aspx

Jul 2013 to present (3 years 5 months)
Accounting Supervisor at DAMAC PROPERTIES EGYPT

Experience Details

Accounting Supervisor

Accounting/Finance

Experienced (Non-Manager)

Account Receivables Duties:

 Issuing Invoices which include the following:

Attending Biweekly meeting with (Project Manager, Collection Manger Financial analyst) to invoice the customers upon the project progress.
Review every unit Payment terms to be sure that this is not relating to new sale or cancel & transfer or upgrade cases.
Prepare list with customer that should be invoiced mapped to its slabs, zones &unit’s number to be approved by V.P finance, Project Manager.
Invoice these units on Oracle one by one with the approved date then made call generation process to generate these invoices to customer statements.
Prepare all the documentation of this process like :( prepare stamped claims contains the listed approved customer’s names, addresses, installment amount to be sent in shipments to the customers, site updated pictures)

 Representing monthly sales report showing the sales by (Sales person, Unit size & value, Customer) quantities and value.
 Review& represent the monthly aging report and calculate the bad debt reserve as per Damac policy.
 Prepare all the required analysis/evaluations for the AR area related to the Balance Sheet/and reconcile between the subsidiary ledger & ledger.
 Provide the financial analyst team with the needed information and help to prepare accurate MIS.
 Provide the external auditing services with the needed data to assist them to finish their tasks in a proper manner.
 Reviewing accounting documents to ensure accuracy of information and calculation and makes or directs correcting entries.
 Performs reconciliation for the account receivables accounts like (Under Collection, Post dated Checks, Checks on hand, Rejected Checks, AP/AR,).
 Transfer & post all A.R transactions (Debit and Credit memos, Receipts, Invoices) to GL.
 Representing monthly sales report showing the sales by (Sales person, Unit size & value, Customer) quantities and value.
 Supervising monthly bank reconciliation for all accounts, and verifies accuracy of bank statements and resolve questions or problems.
 Be sure that the intercompany receipts& transactions are accurate and verified and supported with approved documents.
 Work closely with CRM and Credit control Departments to resolve any customer problem/complaints.
 Apply termination and cancel/transfer of customer unit’s basis on an IOM approved by the CRM committee.
 Apply generally accepted customer service techniques’ for customer’s relevant affairs.
 Work closely with cash management team to ensure that the customer payments are cleared in the system in a timely manner in order to apply them against raised invoices.
 Full coordination with Sales Admin Department to secure those units is approved by Sales Admin to make them eligible for invoice generation.


Payable, G.L, Treasury ,Cash Management &Project:

 Review, validate and post all GL transaction made by Payable &GL team.
 Recording all intercompany transaction after verification and reviewing of supported approved documents between the company and subsidiaries
 Review the monthly G.L closing entries :( Amortization, Accrual, Depreciation).
 Recording of foreign exchange rates on ERB on a quarterly basis to reevaluate these different values in the end of the year.
 Follow up with company’s commercial manager in a monthly basis to know the estimated invoices for every month to make an accrual expense for the W.I.P
 Review &pay the Due payment certificate to contractors after confirming with project department.
 Review the calculation of sales &agents commission, collection Team incentive according to the approved scheme from the management.
 Creation of suppliers on ERB system with suitable withholding tax for every one upon the Tax law.
 Review payments preparation and processing for suppliers and contractors.
 Reviewing balance confirmation for suppliers& providing them with Payment deduction
/adding notices.
 Review petty cash transaction and settlement of covenant, settlements, advances.
 Review the monthly payroll inputs and related payment of tax authority and social insurance.
 Presenting Cash Position Report after reviewing with treasury controller.
 Ensuring accuracy of cash balances and cash flow and handles all banks communications with treasury controller.
 Review booking/breaking/renewal of time deposits& treasury bills.
 Buying Currency frequently with exchange rate negotiation.

 Follow up with treasury controller that the Letters of Guarantees are up-to-date.
 Supervising monthly bank reconciliation for all accounts, and verifies accuracy of bank statements and resolve questions or problems.
 Representing weekly reports concerning actual, expected collection and reasons of delayed collection to V.P finance and CEO.
 Assist in preparing the monthly and yearly financial statement.
 Assist in MIS inputs, cash flow, Aging, Sales by Apartments, Inventory and perform related analysis.


Company Details

DAMAC PROPERTIES EGYPT (multinational)

Cairo, Egypt

51-100 employees

Real Estate/Property Management

http://www.damacproperties.com/en

Apr 2010 to Jun 2013 (3 years 2 months)
Senior Accountant at IGI Real Estate

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

Senior Accountant February 2007 –March 2010

I was working as Senior Accountant in Finance department My duties include the following : Account Receivable Duties:
 Review of all accounting daily work & all accounting transactions made by receivable team.
 Reconcile between the ledger and subsidiary ledger for the customer accounts.
 Follow up the collection of cheques and incoming transfers with each account manager for the banks: (Crédit Agricole bank),(Arab African International Bank),(Bank of Alexandria)
 Review of all bank reconciliation with receivable team.
 Responsible for the account of Postdated checks loan with the bank and prepare all required documents to fulfill the contract.
 An account manager for three projects :( Hay Al-Ashgar, Ashgar Heights, Ashgar Club).
 Coordinates with external auditors and provide them with all necessary information and analysis.
 Obtain any necessary approvals and endorsements to solve the client's problems.
 Responsible for the final delivering process of the units to the clients after finishing all the required payments and needed documents.
 Calculate financial penalties for the delayed payments to upcoming clients
 Assist my department manager in doing the monthly report showing the units which have delayed payments.
 Support the higher management for any info needed for the effective decision-making.
 Developing new reports based on the needs of management. Account Payable Duties:

 Prepare agent& Sales team commissions
 Preparing All Bank Reconciliation.
 Prepare tax Reports as required by law.
 Maintain Proper Cycle for Trade Accounts Payable and Suppliers.
 Ensuring payments to be made as per the credit terms after the deduction of the appropriate tax and taking the required approval from the authorized signatory.
 Responsible for Petty cash transaction and settlement of covenant, settlements, and advances.
 Responsible for the payroll of small group in the company.

Accountant (Receivables & Collection Dep.) September 2004 - January 2007


 Preparation of all accounting daily work & recording all accounting transactions on sheets & operating system.
 Preparing the Daily Journal Entries, Reconcile customer's accounts with the trial Balance for ex.: customers account, maintenance account, cheques under collection account, cheques in bank and cash in hand account ….).
 Coordinates with external auditors and provide them with all necessary information and analysis.
 Receiving & handling all clients' instructions / inquiries.
 Controlling customer Service instructions, and all pending issues.
 Revise all clients pay ways (cash /cheque/transfer) from receipt comparing it with the data which had been input on system for last work days.
 Revise contracts financially (the total value of the units or villas) basic payments& maintenance payments.
 Calculate financial penalties for the delayed payments to upcoming clients.


Company Details

IGI Real Estate

Cairo, Egypt

51-100 employees

Real Estate/Property Management

http://www.igi-realestate.com/index.html

Sep 2004 to Mar 2010 (5 years 6 months)

Education

Bachelor's Degree in Accounting& Businesses Adminstration

Education Details

Bachelor's Degree

Accounting& Businesses Adminstration

Helwan University, Egypt

C / Good / 65 - 75%

N/A

N/A

Helwan University
2000 - 2004
High School - Other

High School Details

Other

Forkan Language School

Qatar

1999

A / Excellent / 85 -100%

N/A

Forkan Language School
1999
This profile is not updated!
Last update more than 2 months ago.

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Profile Skills and Keywords

AccountingAccounting ManagerAccounting SupervisorAccounting& Businesses AdminstrationAccounts PayableAccounts ReceivablesAdaptiveAgingArabicCredit ControlDAMAC PROPERTIES EGYPTDetails-orientedEMAAR MISR FOR DEVELOPMENTERPEnglishFinanceFixed AssetsFlexibleGeneral LadgerHard WorkerInsuranceInvoicingMicrosoft ExcelMicrosoft OutlookPayrollPlannerProperty ManagementReal EstateReconciliationsSenior AccountantSportsSupportiveTaxTechnologiesTreasury

Self-assesed Skills

Languages

English

English

: Advanced

: Advanced

: Advanced

: Advanced

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

ERP

ERP

: Expert

: Extreme - I love it!

:

5-7 years

Microsoft Outlook

Microsoft Outlook

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Advanced

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

General Ladger

General Ladger

: Expert

: Extreme - I love it!

:

5-7 years

Aging

Aging

: Expert

: High

:

More than 7 years

Reconciliations

Reconciliations

: Expert

: Extreme - I love it!

:

More than 7 years

Accounts Payable

Accounts Payable

: Expert

: Extreme - I love it!

:

More than 7 years

Accounts Receivables

Accounts Receivables

: Expert

: Extreme - I love it!

:

More than 7 years

Credit Control

Credit Control

: Expert

: Extreme - I love it!

:

More than 7 years

Invoicing

Invoicing

: Expert

: Extreme - I love it!

:

More than 7 years

Fixed Assets

Fixed Assets

: Expert

: Extreme - I love it!

:

5-7 years

Treasury

Treasury

: Expert

: Extreme - I love it!

:

3-5 years

Payroll

Payroll

: Advanced

: High

:

3-5 years

Tax

Tax

: Advanced

: High

:

3-5 years

Key Skills

Planner, Hard worker, Flexible / Adaptive, Details-oriented, Supportive

Online Presence

https://eg.linkedin.com/pub/ahmed-sherif/38/550/780

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