Wael Nabil Abeid

Budget and Accounting ManagerFull Time

• Job Details:  Spearheading the whole gamut of company’s financial planning and budget management functions, consequently evaluating and revising the budget periodically(quarterly and half yearly) execute requisite alterations to consistently chart out strategic long and short term goals and objectives.  Instrumental in formulating master annual budget by means of forecasting the preparation of financial and production budgets comprising of revenues, expenses, production, personnel, raw materials and CAPEX in close coordination with the company’s department managers to enhance smooth workflow.  Overseeing the preparation of annual budgets, ensuring timeliness, accuracy and consistency, thus analyzing variances and suggested corrective actions to the senior management for efficient decision making.  Influential in recommending benchmarks for gauging the financial and operating performance of divisions and departments to ensure smooth functioning of the organization in an efficient and effective manner.  Drafting official annual report of actual revenues, transfers and expenses along with managing the preparation of financial outlooks and forecasts to ensure accuracy and completeness of financial information.  Fostering effective channels of communication with department managers and corporate staff to build up five year and ten year business plans for the company and accordingly monitoring financial management of foreign operations to incorporate financial and budget policies/procedures.  Efficiently preparing ad-hoc analysis report consisting of all companies’ activity along with assessing accurate quarterly and annual financial statements encompassing balance sheet, statement of income, statement of cash flows and statement of changes in stockholders equity to assure better workflow.  Maintaining efficient business relationship with various banks, thereby negotiating best possible terms and conditions in regards to bank charges and interest / deposits, whilst ensuring strict adherence to organizational policies and procedures.  Administering audit vendor’s account and aging assuring accurate payment time to ensure accuracy and compliance with established accounting standards and procedures.  Steering company’s cash together with foreign exchange, interest management and short term deposits, consequently preparing cash forecasts, cash variance reports and cash position monitoring reports for the upper management to aid corrective actions.  Aiding the senior management in completing internal and external audits along with carrying out an array of activities in a safe working environment. Keeping complete, accurate and systematic set of records for all financial transactions personnel accounts pertaining to organizational standards.  overseeing fixed assets operations/tasks (registering, coding, stocktalking and writeoff) in an efficient and effective manner