AG
Ahmed GALAL
senior account manager at al andalus power electromechanical works llc
Dubai, United Arab EmiratesWork Experience
al andalus power electromechanical works llc
Jun 2023 - Present -2 yrs
- Job Details:Spearhead financial operations, ensuring the seamless execution of tax invoice generation while maintaining compliance with UAE tax regulations. Oversee accounts receivable and payable, ensuring timely payments, reducing outstanding balances, and optimizing cash flow. Utilize Focus ERP to automate and enhance accounting workflows, improving efficiency and accuracy in financial reporting. Prepare and submit VAT reports, ensuring full regulatory compliance while identifying opportunities for tax optimization. Manage bank deposits and check collections, ensuring timely reconciliation and preventing financial discrepancies. Strengthen client relationships through proactive follow-ups on overdue payments, securing receivables while maintaining trust. Conduct detailed subcontractor contract reviews, ensuring payment terms align with financial policies and minimizing legal risks. Analyze cost reports for ongoing projects, offering management strategic insights to control expenses and improve profitability. Forecast and monitor cash flow, ensuring sufficient liquidity for project execution and operational stability. Lead Odoo ERP training for finance teams, improving adoption rates and enhancing system utilization for financial and project management. Collaborate with senior leadership on financial planning and budgeting, supporting strategic decision-making and business growth. Identify and implement process improvements, streamlining financial operations and enhancing reporting accuracy.
orascom construction plc
Jun 2020 - Jun 2022 -2 yrs
Egypt
- Job Details:Led the transition to Oracle Cloud and SAP ERP systems, improving accounting process efficiency and reporting accuracy by 25%, streamlining monthly close and year-end audits. Oversaw the preparation and filing of tax returns, ensuring compliance with VAT regulations and local tax laws, which helped avoid penalties and reduce tax liabilities by 15%. Managed complex project financials, including overseeing cost management, retention payments, and ensuring timely and accurate revenue recognition in line with IFRS 15 for construction contracts. Worked closely with the project management team to identify and address budget discrepancies and ensure all costs were in line with projections, improving project cost control and minimizing overruns by 10%. Led a team of accountants, providing mentorship and training on best practices in project accounting, tax compliance, and financial reporting. Regularly updated cash flow forecasts, providing real-time insights on project liquidity, enabling effective financial planning and timely project execution. Played a key role in ensuring the accuracy of consolidated financial statements, preparing for external audits, and meeting strict deadlines.
orascom construction plc
Jun 2009 - Jun 2020 -11 yrs
Egypt
- Job Details:Managed full-cycle accounting for multimillion-dollar construction projects, ensuring accurate accounts payable (AP), accounts receivable (AR), and monthly financial statements. Utilized the percentage-of-completion method to track revenue recognition, aligning accounting with project timelines and enhancing financial forecasting accuracy. Developed comprehensive project budgets and financial forecasts, enabling project teams to manage costs effectively and mitigate the risk of financial overruns. Conducted variance analysis, identifying discrepancies between actual vs. projected costs, and recommended cost-saving strategies that reduced overall expenses by 8%. Managed the tax filings for multiple construction projects, ensuring accurate VAT returns and compliance with Egyptian tax laws, minimizing risks during tax audits. Streamlined cash flow management, ensuring projects maintained adequate funds for operations and that retention payments were processed in a timely manner. Led the reconciliation of bank statements, identifying discrepancies and ensuring that financial data was aligned with project requirements and accounting records.
orascom construction plc
Jun 2005 - Jun 2009 -4 yrs
Egypt
- Job Details:Performed financial accounting for multiple construction projects, focusing on accounts payable (AP), accounts receivable (AR), general ledger (GL), and monthly forecasting. Assisted with monthly VAT filings, ensuring that all tax-related reports were prepared accurately and submitted on time. Prepared comprehensive budget reports, providing management with insights into projected versus actual financial performance. Assisted with internal audits, reviewing accounts, and ensuring adherence to company policies, reducing audit discrepancies by 15%. Supported senior accountants in closing the books for the year, assisting in the preparation of financial statements and other key reports for stakeholders. Monitored cost trends and financial statements, supporting project managers with financial data to help them make informed decisions on resource allocation and spending.
Education
Bachelor's Degree in accounting
Cairo University (CU)Jan 1998 - Jan 2002 - 4 yr
Skills
- managing treasury functions
- corporate finance expertise
- handling accounts payable and receivable processes
- specialized in project accounting and job cost management
- knowledge of construction contract regulations (ifrs 15)
- Financial reporting and analysis
- budgeting and financial forecasting
- ensuring compliance with tax regulations and vat reporting
- managing cash flow for construction projects
- proficient in erp systems, including oracle cloud, sap, and tally
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Languages
Arabic
FluentEnglish
FluentFrench
Intermediate