Salem Farouk El Oraby, CMA

Chief AccountantFull Time

• Job Details:Sep 2013 - Present Switchgear International W.L.L - Franchising by Schnider Electric Doha, Qatar Chief Accountant, Acting Senior Finance Manager Scope of work: • Oversee the operations of all the accounting and financing functions & ensuring compliance with the Generally Accepted Accounting Practices and local regulatory provisions. • Open credit lines with banks for financing projects and prepare all bank requirements to acquire these facilities. • Managing all daily cash, banking transactions (i.e. LGs ,LCs ,Swift Transfers, PDC, Loans Booking/repayment ), & the banks reconciliation. • Provide planning services including budgets, cash flow estimates, and provide commentary of key variances and trends. • Preparation of the annual overall company budget, giving each department his own budget format, provide help and required explanation in any challenges facing the departments managers in filling their budget, & preparing the budget planning calendar to facilitate the preparation process. • Provide reliable and precise informations to shareholders and all the company divisions which help in the decision making process. • Preparation of Financial Management Reports, Financial Statements, Financial Analysis, Attending board meetings & formulating the board financial resolutions. • Managing the projects pricing cycle which includes submission of the BOM from the estimation department to the procurement department to start acquiring the prices of the required DM, receiving the prices from the procurement department, adding the O.H charges, DL, nonmanufacturing percentage, & the targeted profit margin then submitting to sales department to start their quotations. • Isolating variances, reporting to the management, & providing recommendations for any corrective actions required. • Calculating the yearly overhead rate per labor hour, allocation of the O.H amounts to each project, & netting the over/under applied O.H amounts at each monthly closing. • Monitoring all the issues related to the projects including but not limited to invoicing the partial deliveries at earliest, collecting payments through LCs, remittances, cheques, cash, etc, & putting the payment terms for each project according to the project size. • Provide all the needed aim to accountants in conducting routine activities. • Monitoring the effectiveness of the internal controls, policies, & procedures over the accounting functions. • Review and approve payment vouchers, journal entries, payroll sheet, prepared by the accounting & payroll team. • Presenting all the needed aid for the external auditors in conducting their yearly financial statements audit.

Senior AccountantFull Time

• Job Details:Jan 2010 - Aug 2013 Magrabi Eye Hospitals & Centers (Head Office) Cairo, Egypt Senior Accountant Scope of work: • Review vendor’s contracts to check prices and payment terms & conditions. • Ensure all goods and services are received by the authoritative person, complies with government legislations and company policies before processing the payments. • Checking all invoices/vouchers for accuracy and obtaining appropriate payment approval. • Preparing A/P Aging monthly and paying vendors in accordance with Company strategy ensuring discounts are taken. • Maintains all A/P reports, spreadsheets, and corporate accounts payable files. • Match between goods and services receiving reports with invoice, and purchase order. • Analyze cost data, Compare actual costs with budgeted, isolate and analyze variances, & reviewing cost standards to keep it always updated. • Reviewing direct material consumption sheets of surgeries, posting cost entries, compare it with cost standards; isolate variances, and reporting it to management. • Allocation of overhead costs over direct departments. • Monthly and random comparisons between physical goods exist in pharmacy and contact lenses stores, raw material in operations store & the recorded amounts, ensuring of ordering goods in appropriate time & appropriate amount to avoid a lot of non-value added carrying costs & stock out as well. • Sharing in the preparation of the monthly KPI & business standard reports. • Calculating of direct & marketing personnel production bonus. • Reviewing petty cash disbursements documents & recording its entry. • Recording & analyzing asset, liability, all direct, indirect expenses, & track its sub ledgers. • Payroll sheet approving it monthly & recording its entry on the system. • Daily comparison between each patient’s consumption sheet of material, & direct materials that has been recorded for each patient as expense on the system. • Reporting to the accounting manager and finance director. Jan 2009 - Dec 2009 Magrabi Eye Hospitals & Centers (Head Office) Cairo, Egypt A/R Accountant Scope of work: • Determination of work procedures for all A/R Activities and its documentation. • Preparing receivable aging report & other reports needed. • Forecast monthly cash collections, preparing monthly collection budget, compare between actual & budgeted collected amounts, analyze variances, & giving explanation for any favorable or un favorable variances. • Ensure matching between A/R module and GL module on the accounting system to ensure that the system is functioning well. • Explanation of & following up cash collection situation monthly. • Review the work of the sub cashiers and main cashier, recording bank deposits daily after reviewing all vouchers, rejected services receipts cash & credit, review services before issuing final invoices, & following up pending invoices. • Receiving customers’ remittances and cash collected receipts, & recording it. • Monthly bank reconciliation. • Set up new customer accounts on the accounting system & opening the credit limit for it.