Basic Info

Mohamed Sharaf

10 years

Cairo, Egypt

Bachelor's Degree

Manager

Work Experience

Finance Manager at HSBC

Experience Details

Finance Manager

Accounting/Finance

Manager

• Prepare and analyze Financial Statements (Balance Sheet, P&L, OCI, Cash Flows, and Changes in Equity) in conformity with local GAAP and IFRS translation along with other supplementary statements.
• Execute financial accounting, reporting & analysis in addition to collateral reports for corporate reporting.
• Generate financial reports and performance analysis accurately & timely supported by recommendations.
• Conduct forecasting & budgeting (APP process) include reviewing and controlling AOP versus actual.
• Perform financial duties represented in cost management and various accounting & reporting activities.
• Handling huge volume of financial data to submit deliverables in timely fashion and accurate manner.
• Supervise & Identify cost drivers and oversee value reengineering activities of corporate capital structure.
• Advising what to do through presentations to Top management, Board of directors and Headquarter.
• Perform detailed variance analysis procedures and subsequent functional responsibility accounting.
• Execute FOREX hedging and provide discounted cash flow daily to mitigate money options risk impacts.
• Monitoring derivatives and devaluation effect - currency free floating - which reflected in internal reports.
• Resolving transfer pricing matters side by side with financial instruments which effect fund management.
• Perform extremely complex feasibility studies for potential investments achieving ultimate ROI and RI.
• Consolidate 22 legal entity for fiscal year end closing purposes by issuing/publishing FVO (Statement of financial position, Income statement, SCF, Shareholders equity) and managing related amortised PPE.
• Ensure Compliance with local tax regulations (corporate tax returns, VAT.....) and other tax related issues.
• Lead and manage finance department which consist of nineteen members, performing following functions (A/P, A/R, GL, Treasury, Costing, Fixed Assets, General Accounting, Financial Analysis & Reporting Unit, Forecasting & Budgeting and Taxation) with strong leadership/coaching capabilities and flexibility.
• Reviewing/Auditing with close interaction for day to day operations for the respective finance teams.
• Support internal and external audit procedures, by providing necessary financial data and related analysis.
• Work closely with PWC and E &Y in assurance duties and negotiate FS before final submission.
• Follow acquisition rules for intercompany merging from proper financial and legal perspective.
• Perform exercises/ad-hoc assigned by upper management and group & satisfy department heads queries.
• Negotiate external/third parties and clients concerns on behalf of the organisation (Result driven).
• Participating in significant decision making by providing financial consultations to stakeholders.
• Comply with global standards, group policies and bylaws to promote strong ethics and integrity.
• Adherence to governmental laws and regulations and keep strong relations with local authorities.
• Mitigate threats in a risk-based corporation environment through risk averse and contingency planning.


Company Details

HSBC (multinational)

Cairo, Egypt

More than 1000 employees

Financial Services

http://www.hsbc.com

Jan 2014 to present (3 years 9 months)
Senior Financial Analyst at Amazon Inc.

Experience Details

Senior Financial Analyst

Accounting/Finance

Experienced (Non-Manager)

• Prepared financial pages for presentation to senior management and quarterly LP financial reports for various venture capital funds. Furthermore, managed high volumes of financial activity in a fast-paced.
• Responsible for presenting financial analysis and reports to headquarter about running investment.
• Modified a comprehensive financial reporting package to reflect growing organizational complexity.
• Developing annual budgets in collaboration with the financial director for the reporting entities.
• Suggested budgetary changes to increase company profits through manage a $220M annual budget that grew 120% in 2 years. Also created periodic reports comparing budgeted cost pools to actual costs.
• Analyzed and researched reporting issues to achieve improvement in accounting operations procedures.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Created an analytical framework for identifying risk and developing financial growth opportunities.
• Proposed and achieved cost savings by reducing product return rates 30% while increasing sales.
• Forecasted and re-evaluated operating costs for scheduled projects by strategizing with other departments.
• Synthesised financial and budgetary information to solve problems and develop alternative solutions.
• Improved supply chain processes by implementing cross-functional efforts and BI in main operations.
• Developing a Multi-dimensional strategic plan for the assets custody and sale of group impaired assets.
• Created strategies to increase client gross margin and reduce client spending through applying Six Sigma.
• Proposed and published metrics and KPIs to be incorporated into the monthly financials and scorecards.
• Managed team of 5 members effectively & efficiently achieving successful and unique goal congruence.


Company Details

Amazon Inc. (multinational)

Cairo, Egypt

More than 1000 employees

Internet/E-commerce

https://www.rocket-internet.com

May 2012 to Jan 2014 (1 year 8 months)
Senior Financial Accountant at ITWorx Ltd

Experience Details

Senior Financial Accountant

Accounting/Finance

Experienced (Non-Manager)

• Prepared financial statements in accordance with both local GAAP & IFRS supported with commentary.
• Performed monthly and year end closing (book-keeping, Posting entries to GL, Balancing Trial Balance, accounts reconciliations and bank reconciliations) in addition to consolidate Intercompany transactions.
• Worked as GL accountant who maintain chart of accounts and record accurate entries on daily basis.
• Provided internal financial reports with related analysis and participated in budget preparations.
• Maintained fixed asset and capital lease modules and calculate and record monthly depreciation expense.
• Worked as A/P accountant who process vendor invoices, create payments, follow up with prepaid consumptions, accrual basis alignment and provide disbursement schedules. (for 9 months of rotation)
• Worked as A/R accountant who control receivables accounts (NRV), credit control, manage revenue and oversee provision of doubtful and write-offs in addition to provide aging analysis. (13 months of rotation)
• Worked as treasury accountant managing expenditure and collections, prepare cash projections and cash flows, follow up with L.Gs & L.Cs and manage commercial bank accounts (overdraft and lines of credit).
• Supported external auditors in year-end audit through provide balance sheet, PnL and accounts analysis.
• Controlled inventory and monitor physical count activities using FIFO method for evaluation and pricing.
• Filed tax returns and prepared governmental reports in compliance with strict and attainable standards.
• Drafted the complete annual audit reports with balance sheet analysis including all footnote disclosures.
• Optimised research and development (R&D) spending through collaboration with key business leaders.
• Controlled financial trends and provided financial analysis to global management with recommendations.
• Collected and reported monthly expense variances and explanations over insightful observations.
• Worked closely with management at the project level to ensure anticipated expense plans are achieved.
• Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
• Performed periodic budgeting/modelling to project monthly cash requirements with tight deadlines.


Company Details

ITWorx Ltd (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services

http://www.itworx.com

Oct 2009 to May 2012 (2 years 7 months)
External Auditor at MAZARS

Experience Details

External Auditor

Accounting/Finance

Entry Level

• Oversight of incremental operating schemes and standardizing time span for the fiscal year audit.
• Plans financial audits by understanding, collating, checking and analysing (spreadsheet data).
• Examining and testing company accounts, GLs, TB, BS, P&L, reports and financial control systems.
• Checking that financial reports and records are accurate and reliable (collateral to documentation).
• Provides financial control information by collecting, analysing and summarizing data and trends.
• Prepare, analyze, and verify annual reports, financial statements, income & other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
• Assessing accounting systems for efficiency and compliance with proper accounting procedures.
• Taking inventory to verify ledgers and reviewing taxpayer’s accounts to determine tax liability/asset.
• Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
• Ensuring that assets are safeguarded and verifies with liabilities and undertaking reviews of wages.
• Identifying if and where processes are not working as they should, and advising on changes to be made.
• Recommending system controls and improvements to increase reliability and financial data integrity.
• Highlighting unresolved issues, preparing financial reports, financial statements and disclosures.
• Ensuring procedures, policies, legislation and regulations are correctly followed and complied with.
• Liaising with managerial staff and presenting findings and recommendations to improve protection.
• Plan and perform operational and financial audits to ensure that financial statements are fairly presented in accordance with local GAAP and IFRS and perform substantive testing of period account balances.
• Drafted and reviewed financial statement compilations before being reviewed and approved by partners.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
• Keeping up with legal requirements and applicable changes to local laws that apply to the establishment.
• Ensuring compliance with laws/regulations and confer with company officials about regulatory matters.
• Gauging and assesses levels of financial risk, by evaluating manual and internal automated processes.
• Perform tests of internal controls to ensure and determine effectiveness and reasonable assurance.
• Obtaining approaches pertaining to segregation of duties and deploying adequacy of fraud provisions.
• Analyze existing and potential risk via IRA (Inherent Risk Assessments) to hedge and manage risk.


Company Details

MAZARS (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services

http://www.mazars.com

Apr 2007 to Oct 2009 (2 years 6 months)

Achievements


• Developed MES (Market Expansion Strategy) long term profit focused plan 60% growth initiated 2017.
• Lead global project [CTA] for cutting cost, achieving targeted saves figures (USD 36.7 M) 2015/2016.
• Managed benchmarked international corporates with huge portfolios up to US$ 531B & 65B revenue.
• Was granted Best Team & Best Leader award for Q4 2016 across the group during Appreciation Day.
• Assisted in introducing SAP 6.0 ERP integrated framework as a head of the steering committee in 2014.



• Regional earnings have been maximised 17.8% constantly as a result of our proposals to insert generated financial products which give privileges to customers, therefore keep them connected with opportunities.
• Reduced costs by EGPK 250 per month and increased efficiency by established new accounting & MI reporting cycles in addition to developed managerial / financial technicalities fosters corporate mission.


• Optimised direct & indirect cost across the enterprise by 45% through eliminate waste (lean operations).
• Implemented an enhancement in existing SOPs and hierarchies to facilitate work environment aspects.


• Restructured company charges & recoveries CIP by implement ABC/GPK cost accumulation systems.


I was charity supervisor for Ressala.

Education

Bachelor of Finance and Accounting in Finance and Accounting

Education Details

Bachelor of Finance and Accounting

Finance and Accounting

Ain Shams University, Egypt

B / Very Good / 75 - 85%

Finance and Accounting

N/A

Ain Shams University
2005 - 2009
High School - Thanaweya Amma

High School Details

Thanaweya Amma

English school

Egypt

2004

A / Excellent / 85 -100%

N/A

English school
2004

Certifications

Certificate details

CMA Certified Management Accountant

Feb 2017

N/A

N/A

N/A

IMA

N/A

Certificate details

IFRS International Financial Reporting Standards

Jul 2015

N/A

N/A

N/A

IASB

N/A

Certificate details

Business Diploma

Mar 2013

N/A

N/A

N/A

University of Cambridge

N/A

Certificate details

Diploma in Business Communications

Aug 2011

N/A

N/A

N/A

University of Cambridge

N/A

Training and Courses

Training/Course Details

CMA Certified Management Accountant

Feb 2017

IMA Institute of Management Accountants

N/A

Training/Course Details

IFRS International Financial Reporting Standards

Jul 2015

IASB International Accounting Standards Board

N/A

Training/Course Details

Business Diploma

Mar 2013

University of Cambridge

Finance, HR and Business

Training/Course Details

Diploma in Business Communications

Aug 2011

University of Cambridge

N/A

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Profile Skills and Keywords

Access Strong ExpertAccountingAccounting And Auditing ServicesAllahAmazon Inc.AnalyticalArabicBudgeting And Financial ManagementBusiness DiplomaBusiness Economics & Growth StrategiesBusiness Process Reengineering (BPR)CMA Certified Management AccountantCognos TM1Cognos TM1 And Saracen SystemsCompetitive Advantages EnhancementCreativeDiploma In Business CommunicationsE-commerceEnglishEssbaseExternal AuditorFinanceFinance And AccountingFinance ManagerFinancial Accounting Procedures ExpertFinancial Forecasting & Cost ControlFinancial Reporting, Analysis & PlanningFinancial ServicesGlobal Financial Strategies DevelopmentHSBCHyperion Financial Management SpecialistIFRS International Financial Reporting StandardsIFRS, Local GAAP & Statutory ReportingIRR, ROI, RI And Capital Growth ExpertITWorx LtdInsuranceInternal And External Auditing ConsultantInternetInvent CAPEX And OPEX Metrics/ratiosLeaderLiquidity/Credit Risk & Cash ManagementMAZARSMS ExcelMS Excel And Access Strong ExpertMaximum Resources/assets UtilizationMicrosoft Dynamics GP ERP SoftwareMicrosoft Office Suite ProficiencyOracle Financials BSOracle Financials BS And SAP ERPPeopleSoftPeopleSoft, Essbase And QuickBooksPlannerProblem SolverQuickBooksRight ThingsSAP ERPSOX (Sarbanes-Oxley Requirements)SWOT, Six Sigma And Market AnalysisSaracen SystemsSenior Financial AccountantSenior Financial AnalystStrategic Analysis & Financial Risk ControlSuccessTarget Costing & Cost Cutting AdvisorTax Accounting & Corporate Tax PlanningThe Prophet

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Oracle Financials BS

Oracle Financials BS

: Expert

: Extreme - I love it!

:

More than 7 years

SAP ERP

SAP ERP

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Dynamics GP ERP software

Microsoft Dynamics GP ERP software

: Expert

: Extreme - I love it!

:

More than 7 years

PeopleSoft

PeopleSoft

: Expert

: Extreme - I love it!

:

More than 7 years

Essbase

Essbase

: Expert

: Extreme - I love it!

:

More than 7 years

QuickBooks

QuickBooks

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Office Suite proficiency

Microsoft Office Suite proficiency

: Expert

: Extreme - I love it!

:

More than 7 years

Cognos TM1

Cognos TM1

: Expert

: Extreme - I love it!

:

More than 7 years

Saracen systems

Saracen systems

: Expert

: Extreme - I love it!

:

More than 7 years

MS Excel

MS Excel

: Expert

: Extreme - I love it!

:

More than 7 years

Access strong expert

Access strong expert

: Expert

: Extreme - I love it!

:

More than 7 years

Hyperion Financial Management specialist

Hyperion Financial Management specialist

: Expert

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

Financial accounting procedures expert

Financial accounting procedures expert

: Expert

: Extreme - I love it!

:

More than 7 years

Financial reporting, Analysis & Planning

Financial reporting, Analysis & Planning

: Expert

: Extreme - I love it!

:

More than 7 years

Budgeting and financial management

Budgeting and financial management

: Expert

: Extreme - I love it!

:

More than 7 years

Financial forecasting & Cost control

Financial forecasting & Cost control

: Expert

: Extreme - I love it!

:

More than 7 years

Target costing & Cost cutting advisor

Target costing & Cost cutting advisor

: Expert

: Extreme - I love it!

:

More than 7 years

Tax accounting & Corporate tax planning

Tax accounting & Corporate tax planning

: Expert

: Extreme - I love it!

:

More than 7 years

Oracle Financials BS and SAP ERP

Oracle Financials BS and SAP ERP

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Dynamics GP ERP software

Microsoft Dynamics GP ERP software

: Expert

: Extreme - I love it!

:

More than 7 years

PeopleSoft, Essbase and QuickBooks

PeopleSoft, Essbase and QuickBooks

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Office Suite proficiency

Microsoft Office Suite proficiency

: Expert

: Extreme - I love it!

:

More than 7 years

Cognos TM1 and Saracen systems

Cognos TM1 and Saracen systems

: Expert

: Extreme - I love it!

:

More than 7 years

MS Excel and Access strong expert

MS Excel and Access strong expert

: Expert

: Extreme - I love it!

:

More than 7 years

Hyperion Financial Management specialist

Hyperion Financial Management specialist

: Expert

: Extreme - I love it!

:

More than 7 years

IFRS, Local GAAP & statutory reporting

IFRS, Local GAAP & statutory reporting

: Expert

: Extreme - I love it!

:

More than 7 years

SOX (Sarbanes-Oxley Requirements)

SOX (Sarbanes-Oxley Requirements)

: Expert

: Extreme - I love it!

:

More than 7 years

Global Financial Strategies development

Global Financial Strategies development

: Expert

: Extreme - I love it!

:

More than 7 years

IRR, ROI, RI and Capital growth expert

IRR, ROI, RI and Capital growth expert

: Expert

: Extreme - I love it!

:

More than 7 years

Invent CAPEX and OPEX metrics/ratios

Invent CAPEX and OPEX metrics/ratios

: Expert

: Extreme - I love it!

:

More than 7 years

Liquidity/Credit risk & Cash management

Liquidity/Credit risk & Cash management

: Expert

: Extreme - I love it!

:

More than 7 years

Internal and external auditing consultant

Internal and external auditing consultant

: Expert

: Extreme - I love it!

:

More than 7 years

Business economics & Growth strategies

Business economics & Growth strategies

: Expert

: Extreme - I love it!

:

More than 7 years

Strategic analysis & Financial risk control

Strategic analysis & Financial risk control

: Expert

: Extreme - I love it!

:

More than 7 years

Maximum resources/assets utilization

Maximum resources/assets utilization

: Expert

: Extreme - I love it!

:

More than 7 years

Competitive advantages enhancement

Competitive advantages enhancement

: Expert

: Extreme - I love it!

:

More than 7 years

Business Process Reengineering (BPR)

Business Process Reengineering (BPR)

: Expert

: Extreme - I love it!

:

More than 7 years

SWOT, Six Sigma and Market Analysis

SWOT, Six Sigma and Market Analysis

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Leader, Planner, Creative, Problem Solver

Online Presence

https://www.linkedin.com/in/mohamed-sharaf-67ba3413a/Mohamed SharafMohamed SharafMohamed SharafMohamed SharafMohamed Sharaf

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