MAGDI HASSNIN OSMAN

Arab Bank

• Financial Control officerFull Time

  Jun 2014 - Present -11 yrs, 1 month

  Egypt , Cairo

  • Job Details:-Reconcile and maintain balance sheet accounts. -General Ledger operations. -Prepare journal entries. -Preparation of monthly closing and preparation of monthly financial statements. -Prepare monthly financial reports. -Preparation of accounts receivable and accounts payable. -Assistance in the tax calculations and returns. -Assisting in the preparation of budgets and forecasts. -Account / bank reconciliations. -Assisting in the preparation and coordination of the audit process. -Assist in implementing and maintaining controls and internal financial procedures. -Follow up & monitor the key changes in assets and liabilities. -Reconcile the on all branches level contract accounts(off Balance Sheet ) and follow up on the discrepancies if any to ensure accuracy of accounts. -Check the ledger consolidation process is done accurately on country level. Prepare commentary or explanations of certain ledgers and key changes upon request
• Financial Taxation officerFull Time

  Feb 2013 - May 2014 -1 yr, 3 months

  Egypt

  • Job Details:-Provide of support and technical assistance regarding all taxes aspects to all divisions. - Re-calculate, review and audit different types of taxes accrued to ensure compliance with the Egyptian Tax Law. -Assisting in the Prepare and present the related tax reports on maturity dates. -Reviewing and monitoring all tax accounts. -Assisting in Preparation of pleadings and attend the tax appeal committees. -Assisting in Preparation of Stamp Tax through Review and recalculate the accrued Stamp Tax liability on the credit facilities to ensure that they are properly calculated in accordance with the Egyptian Tax Law on quarterly basis & introduce it to the tax authority. -Preparation of Withholding Taxes through Review the withholding tax liability on monthly basis and -Prepare and present the Withholding Tax report to the tax authority on quarterly basis. -Preparation of Advertising Taxes through Review the deducted tax on advertising expenses to ensure that they are properly calculated and Preparing and present the Tax report monthly. -Preparation of Sales Tax on Safe Box Revenues through Review the taxes deducted on safe box revenues on monthly
• Financial compliance officerFull Time

  Apr 2012 - Mar 2013 -11 months

  Egypt , Cairo

  • Job Details:-Issuing bank financial statements with all related disclosures according to IFRS and CBE regulations -Monitor and signs off on all financial reports related to external H.O requirements and local regulatory -Work closely with external and internal auditors to ensure that all financial reports comply with CBE regulations and IFRS -carrying out all needed activities to ensure that accounting records represents fairly the financial position of the bank -insure full control on bank s ledger and various products, financial instruments and accounting treatment through building models for error detection -control and ensure that investments and derivatives revaluation is probably reflected in the financial statements -Master bank financial statements by providing accurate, reliable, timely, supportive and cost effective financial and accounting solutions as well as best practice performance measurements -monitor and sign off capital base report and capital adequacy ratio under Basle 2 and Basle 3 requirements -Examine , develop and manage relevant systems to the bank s accounts and financial reporting , lead the IT migration team from a finance perspective and propose corrective action all while complying with IFRS and CBE regulation requirements
• support officer in procurement departmentFull Time

  Feb 2007 - Mar 2012 -5 yrs, 1 month

  Egypt , Cairo

  • Job Details:List the main activities and responsibilities and basic functions of my positions:- -Collate purchase orders and purchase requisitions in order to order materials, goods and supplies. -Send them to the suppliers. -Review inventories and order as required. -Interact with the suppliers on a day to day basis. -Review deliveries against the orders. -Track the status of any orders. -Ensure that any invoices are sent to accounts for payment. -Administer on-line purchasing systems. -Produce and maintain all reports. -Manage any procurement activities including RFP’s (Request for Proposals). -Review purchase order claims and contracts for conformance to bank's policy. -Develop and implement purchasing and contract management instructions, policies, and procedures. -Meets with vendors to negotiate improved pricing, product quality, and delivery. -Represent the bank in negotiating contracts and formulating policies with suppliers. -Participate in the development of specifications for services, equipments, products, supplies or substitute materials. -Attends internal product development meetings to identify new product demands, schedules, and procurement needs forecasts requirements and orders products to meet sales demands. -Review, evaluate, and approve specifications for issuing and awarding bids to suppliers through RFQ process. -Conducts meetings, prepares and presents reports, and provides information to identify purchasing requirements, establish business plans and performance objectives, and report performance against plan and business objectives -Arrange for disposal of surplus materials. -Maintain records of goods ordered and received. -prepare clear statements by the daily exchange of invoices and documents proving the exchange and make sure the balance of the trust every day with the balance of the trust disbursed
• officerInternship

  Nov 2005 - Jan 2007 -1 yr, 2 months

  Egypt , Cairo

  • Job Details:-Following up daily market prices of stocks. -Marketing the department for custody customers. -Implementing all legal procedures for collecting coupons for clients. -Depositing and contract registrations. -Preparing the departments monthly reports. -Making daily settlements for all operations (selling, buying, input &output). -Preparing monthly requests to brokers companies about our monthly -Commissions of all transactions. -Freezing of shares for attending the general assembly meetings. -Transferring portfolios. -Customer service for custody clients. -Issuance and cancellation from local shares to GDR. -Working on coding system for stock market.