Basic Info

Mahmoud Sayed

9 years

Cairo, Egypt

Bachelor's Degree

Experienced

Work Experience

Senior Analyst General Ledger & Cost Controller at KIA Motors Automoitive Saudi Arabia

Experience Details

Senior Analyst General Ledger & Cost Controller

Accounting/Finance

Manager

As Senior Cost Controller – Reporting to CFO – (Currently)
• Work with the cost specialists to ensure the standard cost system is maintained and updated on a timely basis.
• Preparation of variance analysis report against standard/budget set for all key cost elements.
• Prepare the daily and monthly cost report department in relation to cost of sales.‎
• Responsible for accounting aspects of the physical inventory and cycle counting process which are led by materials.
• Work shoulder-to-shoulder with the Purchasing team to develop a discussion and negotiation approach with suppliers utilizing knowledge from the commodity cost model and applicable market data points.
• Support all departments in continuous improvement modelling for purchase savings, labour reduction and flexing of capital resources.



As Senior Accounts Payable Specialist:
• Facilitating the reconciliation of processed work by verifying entries and comparing system reports to balances
• Reviewing the invoice/expense reports and recording entries for charging expenses to accounts and cost centres
• Responsible for paying vendors by tracking discount opportunities
• Conducting verification of federal ID numbers, scheduling and preparing checks as well as resolving purchase order
• Monitoring the contract, invoice, or payment discrepancies and documentation
• Assuring that credit gets received for outstanding memos and issuing stop-payments or purchase order amendments
• Managing the payment of employees by receiving and verifying expense reports and requests for advances
• Sustaining accounting ledgers as well as verifying vendor accounts by reconciling monthly statements & other transactions
• Tracking the historical records by filing documents, disbursing petty cash by recording entry and verifying documentation
• Safeguarding the organization's value by maintaining confidential information
• Upgrading the job knowledge by participating in educational opportunities




As Senior Accounts Receivable Specialist:
• Handling the follow-up for collection and furnishing assistance for allocation of payments
• Tracking the client account details for delayed or non-payments
• Sustaining the accounts receivable ageing report and ensuring that targets related to accounts receivable are achieved
• Formulating the monthly reports by collecting, analysing and summarising account information & trends
• Maintaining minimum past dues by establishing a strong credit control function
• Driving reconciliations on customer accounts and providing support during the annual external audit process

As Treasury & Bank Reconciliation Specialist (Expert):
• Spearheading the complex credit card and Point-of-Sale (POS) reconciliation
• Assuring the timely and accurate reconciling of assigned monthly accounts
• Addressing the outstanding reconciling items by researching the entry and determining whether the entry is valid
• Tracking the daily reconciliations through existing software and handling its monthly closure
• Informing the concerned department for resolution and providing direction for the corrections needed

Accomplishments:
• Played a key role in reversing:
o Old settlements worth about 900,000.00 SAR due to wrong postings by cashiers / accountants in liaison with Collections and Call Center Depts.
o Over 25 cheques posted in wrong accounts in liaison with Treasury Dept.
o Over 10 Span / Visa transactions through current year in liaison with Treasury Dept.
• Effectively identified the fraudulent activity in bank reconciliations done by 3 cashiers through duplicate copies of Span/Visa and took 16 Million Saudi Riyal
• Drove month-end, quarter-end, and year-end closing periods for five corporate entities.
• Updated Accounts Payable vendor aging to accurately reflect all outstanding invoices which resulted in reducing the ageing within 45 days
• Resolved invoice opportunities dated back to Q3 2013.
• Designed / implemented 3 cost control measures and achieved savings worth 100K/monthly in logistics transportation cost


Company Details

KIA Motors Automoitive Saudi Arabia (multinational)

Dammam, Saudi Arabia

More than 1000 employees

Automotive

N/A

Sep 2011 to present (5 years 3 months)
Accounts Payable & Suppliers Accountant at Al Shark Factory

Experience Details

Accounts Payable & Suppliers Accountant

Accounting/Finance

Experienced (Non-Manager)

➤ Analysed and validated the invoices & requests
➤ Involved in addressing and matching the invoices
➤ Entered and uploaded invoices into system
➤ Supervised the expenses and processed the expense reports
➤ Managed electronic transfers & payments and performed check runs
➤ Engaged in posting transactions to journals, ledgers and other records
➤ Monitored the reconciliation of accounts payable transactions
➤ Conducted analysis of accounts and ensured that payments were up-to-date
➤ Solved the invoice discrepancies and issues
➤ Sustained the vendor files and produced monthly reports and furnished support for documentation of audits


Company Details

Al Shark Factory

Cairo, Egypt

501-1000 employees

Food and Beverage Production

N/A

Aug 2010 to Aug 2011 (1 year)
Treasury and Accounts Receivable Accountant at Yamama Company & Factories For Red Bricks Saudi Arabia

Experience Details

Treasury and Accounts Receivable Accountant

Accounting/Finance

Manager

➤ Involved in guiding the daily bank balances and deposits
➤ Maintained general ledger accounts by creating journal entries; reconciling accounts receivable; preparing monthly accruals and entries; analysing and reconciling accounts ledgers; preparing fixed asset depreciation and accruals
➤ Furnished rolling weekly cash forecast and ensured appropriate recording of all bank, loan & intercompany transactions
➤ Developed monthly adjustments for accounts and deposits and maintained balance with the books
➤ Created the monthly adjustments for the accounts and deposits
➤ Managed the posting of accounts payments, reconciled the cash reconciliation report; reviewed and discussed the general ledger with employees
➤ Increased credit standards of the organization by streamlining the accounts receivable (AR) process through more efficient tracking of invoices and payments, eliminating lost invoices and duplicate payments
➤ Ensured proper recording and application of cash, management of outstanding invoices
➤ Engaged in processing credit card payments and following-up for predecessors & testaments in the company


Company Details

Yamama Company & Factories For Red Bricks Saudi Arabia

Riyadh, Saudi Arabia

More than 1000 employees

Manufacturing

N/A

Jul 2008 to Jul 2010 (2 years)
Clients & Receivables Accountant at Hero Fresh Company & Factory

Experience Details

Clients & Receivables Accountant

Accounting/Finance

Experienced (Non-Manager)

➤ Sustained up-to-date billing system, generated and sent out invoices
➤ Managed the follow-up for collection and allocation of payments
➤ Conducted the billing, collection and reporting activities according to specific deadlines
➤ Supervised customer account details for non-payments, delayed payments and other irregularities
➤ Addressed the payment discrepancies and performed age analysis
➤ Tracked AR aging to ensure compliance and maintained accounts receivable customer files & records
➤ Adhered to the established procedures for processing receipts, cash, so on
➤ Engaged in investigating and resolving customer queries
➤ Established a recovery system, initiated collection efforts and interfaced with customers via phone, email or personally


Company Details

Hero Fresh Company & Factory

Cairo, Egypt

501-1000 employees

Manufacturing

N/A

Mar 2006 to Jun 2007 (1 year 3 months)

Achievements


✪ Played a key role in reversing:
✔ Old settlements worth about 900,000.00 SAR due to wrong postings by cashiers / accountants in liaison with Collections and Call Center Depts.
✔ Over 25 cheques posted in wrong accounts in liaison with Treasury Dept.
✔ Over 10 Span / Visa transactions through current year in liaison with Treasury Dept.
✪ Effectively identified the fraudulent activity in bank reconciliations done by 3 cashiers through duplicate copies of Span/Visa and took 6 Million Saudi Riyal
✪ Updated Accounts Payable vendor aging to accurately reflect all outstanding invoices which resulted in reducing the ageing within 45 days
✪ Resolved invoice opportunities dated back to Q3 2013.


Education

Bachelor of Commerce in Accounting

Education Details

Bachelor of Commerce

Accounting

Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Ain Shams University
2000 - 2004

Certifications

ICDL
Feb 2007

Certificate details

ICDL

Feb 2007

N/A

N/A

N/A

UNESCO

International Computer Driving License

Training and Courses

Training/Course Details

Microsoft Excel 2010 Levels 1 & 2

Jun 2015

New Horizon Centre, Saudi Arabia

N/A

This profile is not updated!
Last update more than 3 months ago.

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Profile Skills and Keywords

AccountingAccounts Payable & Suppliers AccountantAdaptiveAnalyticalArabicAutomotiveChessClients & Receivables AccountantERPEnglishFinanceFlexibleFood And Beverage ProductionHard WorkerICDLInsuranceKIA Motors Automoitive Saudi ArabiaManufacturingMicrosoft ExcelMicrosoft Excel 2010 Levels 1 & 2Microsoft OfficeMicrosoft WordOraclePeachtreeProblem SolverQuickBooksReadingSenior Analyst General Ledger & Cost ControllerTeam PlayerTreasury And Accounts Receivable Accountant

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

ERP

ERP

: Expert

: Extreme - I love it!

:

3-5 years

Microsoft Office

Microsoft Office

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Word

Microsoft Word

: Expert

: Extreme - I love it!

:

More than 7 years

Oracle

Oracle

: Expert

: Extreme - I love it!

:

3-5 years

Peachtree

Peachtree

: Advanced

: Extreme - I love it!

:

1-3 years

QuickBooks

QuickBooks

: Advanced

: Extreme - I love it!

:

1-3 years

Fields of Expertise

Accounting

Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Hard worker, Problem Solver, Flexible / Adaptive, Team Player

Online Presence

https://www.linkedin.com/in/mahmoudsamir1

Senior Accountant 9 yrs Exp Gulf & Egypt

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