Basic Info

Mahmoud Elshimy

14 years

Cairo, Egypt

Bachelor's Degree

Manager

Work Experience

Chief Account at CHAMBER OF CHEMICAL INDUSTRIES

Experience Details

Chief Account

Accounting/Finance, Manufacturing/Production, Banking

Manager

Responsible for revenue analysis, fare setting, passenger service planning, IT, ensuring delivery of key commercial projects/investment/business case appraisals, analysis of business processes and marketing and public relations.
Key results:
• Established Balance Sheet And Cash Flow Forecasting Models, Ensuring Greater Financial Control
• Identified Balance Sheet Risks With Joint Venture Partner, Representing Finance Director In Negotiations With Commercial Director Of Partner
• Systems Manager And Change Manager For Major Enhancements To General Ledger
• Introduced Change Management Training Presentations For Non Finance Managers On The Merits Of An Accounts Payable System
• Developed New Management Reporting Mechanism For Senior Management; KPI’s Daily/Weekly/Monthly Reporting Where Necessary
• Prepared Monthly Reports For Chief Executive
• Presentation To Permanent Secretary On Accounts Payable
• Acted As Representative Of Benefits Agency When Dealing With Third Parties
• Prepared And Delivered Presentation On Resource Accounting And Budgeting
• Introduced New Reconciliations At Transaction Level, Improving And Reducing Suspense Items
• Developed Process And Systems Improvements To General Ledger
• Provided Commercial Insight On Preparation Of Books Of Account
• Successfully Delivered Presentation On Finance To Non-Finance Managers.
• Developed New Management Information Requirements, KPI’s, Quarterly Reporting
• Established Liaison Point Between Accounting And Operational Managers
• Responsible For Setting Up Process For Month End Accruals/Prepayments
• Produced Monthly Management Accounts And Commentaries For Cost Centre Managers
• Prepared Zero-Based Budget


Company Details

CHAMBER OF CHEMICAL INDUSTRIES

Cairo, Egypt

101-500 employees

Chemicals, Accounting and Auditing Services

N/A

Nov 2013 to Dec 2015 (2 years 1 month)
Financial accountant at HISENSE – Africa

Experience Details

Financial accountant

Accounting/Finance

Experienced (Non-Manager)

Promoted To Financial Accountant Position To Direct Accounting Functions For A Growing Telecommunications Company. Supervise Three Accountants And Oversee Financial Analysis, Financial Audits, G/L, A/R, A/P And Fixed-Asset Accounting In Accordance With GAAP Standards. Develop And Manage External Financial Relationships (E.G., Banks, Insurers, Auditors) And Constantly Look For Ways To Strengthen Overall Financial Performance.
Key Results:
• Built A Finely Tuned Accounting Department, Fostering A Collaborative Environment That Improved Productivity, Individual Accountability And Team Morale.
• Revamped G/L, Financial Systems, Reports And Schedules To Improve Forecast Precision And Standardize Reporting Procedures.
• Negotiated Below-Market Lease On Prime Office Space That Included $100K In Facility Improvements Embedded Into Agreement.
• Completed Comprehensive Valuation Analysis And Credit Review Of Acquisition Target, And Played A Key Role In The Due Diligence Effort That Was Crucial To Successful Merger.
• Uncovered $125K In Accounting Overpayments During A Six-Month Period And Delivered A 20% Expense Reduction Through Analytical Studies Of Business Performance.
• Established And Maintained An Effective System For Analyzing And Reporting On Operating And Capital Expenditure Over 6 Countries.
• I Deal With A Turnover Of Over £75 Million Per Year
• I Prepared Revenue Budgets, Forecasts And Plans Marketing Managers
• I Was In Charge Of The Reconciliations For 3 Large Bank Accounts
• I Recovered £2.1 Million In Outstanding Debts From Clients.
• Worked Successfully With Lead 3 Junior Accountants In Completed Two Quarter End Close Procedures In Extreme Deadlines.
• I Produced The Monthly Bank Reconciliations Of The 8 Bank Accounts Posting All Transactions To The Ledgers.
• Prepare Monthly All Departments Summaries And Financial Reports
• Follow Up On All Departments And Complaints
• Compile Internal And External All Departments Communications
• I Was In Charge The Company Patty Cash During My Time Accounts Global
• I Dealt With The Weekly Payments 200 Suppliers.
o Fortnightly Staff Expenses
o Fortnightly Payment Of Invoices For Groups Overseas Companies

• Monitor Achievement Of All Departments Objectives And Key Performance Indicators
• Review And Track Daily Reports For All Departments.
• Control Expenses And Prepare Expense Reports
• Assist With Preparation And Tracking Of Annual Budget
• Integrate Multiple Data Bases
• Liaise With Finance, Warehousing, Distribution And Other Departments
• Coordinate Office Management Activities For The Executive.
• Research, Compile, Assimilate, And Prepare Confidential And Sensitive Documents, And Brief The Executive Regarding Contents.
• Read And Screen Incoming Correspondence And Reports; Make Preliminary Assessment Of The Importance Of Materials And Organize Documents; Handle Some Matters Personally And Forwards Appropriate Materials To The Executive And Staff.
• Receive And Screen Incoming Calls And Visitors, Determine Which Are Priority Matters, And Alert The Executive Accordingly.
• Make Referrals To Appropriate Executive Staff And Provide Requested Information.
• Inform Government Officials And Others Of The Position Of The Executive On Issues.
• Compose Letters And Memoranda In Response To Incoming Mail And Calls.
• Transmit Directives, Instructions And Assignments And Follow Up On Status Of Assignments As Liaison Between The Executive And Subordinates And Others,
• Operate Computers To Produce A Variety Of Documents, Charts, And Graphs In Final Form.
• Update Executive On Status Of Issues Before Scheduled Meetings.
• Prepare Agenda And Collect Materials For Meetings, Speeches, And Conferences; Take Minutes And Keep Records Of Proceedings As Required.
• Plan And Coordinate Arrangements For Professional Conferences.
• Review, Proofread, And Edit Documents Prepared For The Executive's Signature.
• Take And Transcribe Dictation On Technical And Confidential Matters From The Executive As Required.
• Coordinate And Facilitate The Executive's Calendar To Arrange Appointments, Meetings, And Conferences.
• Recommend Actions To Be Taken On Office Expenditures Such As Equipment And Supply Needs.
• Assist In Preparation Of The Office Budget.
• Attend Meetings As Executive's Representative; Report On Proceedings
• Compile And Maintain Records, Statistical Information, And Reports.
• Participate In And Coordinate Committees And Task Forces, As Assigned.
• Establish And Maintain Various Filing And Records Management Systems.
• Make Domestic And Foreign Travel Arrangements; Prepare Itineraries; Prepare And Compile Travel Vouchers, Maintain All Travel Records.
• Perform Related Work As Assigned.


Company Details

HISENSE – Africa (multinational)

Cairo, Egypt

101-500 employees

Accounting and Auditing Services, Engineering Services, Manufacturing

N/A

Oct 2009 to Aug 2013 (3 years 10 months)
Accountant Specialist at Swiss garment company

Experience Details

Accountant Specialist

Accounting/Finance

Experienced (Non-Manager)

For both employers, handled daily A/P processes; supervised A/P clerks; managed vendor/supplier relations; and oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions. Maintained adherence to corporate, accounting and GAAP standards; addressed escalated issues from employees and vendors regarding accounts payable; and ensured accurate and compliant A/P files and records in accordance with company policies and government regulations.



Key Results:
• Managed the accurate and timely processing of up to 20,000 invoices ($1M) per month for large, multi-site organizations. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved various issues.
• Implemented next-generation technologies and process automations (including new EDI and ERP systems) to foster an environment of continuous improvement. Trained users and served as the primary “go-to” troubleshooter on these new systems, which propelled efficiency gains and significant time- and cost-savings.
• Facilitated “no-fault” internal and external audits as a result of sound recordkeeping and thorough documentation.
• Instituted thorough cross-checking of pack-lists, receivers and invoices that halted a previous history of thousands of dollars in overpayments to suppliers.
• Renegotiated payment terms with dozens of suppliers/vendors from Net 7 to Net 60 days for manufacturer emerging from bankruptcy. Improved cash flow and helped facilitate company’s return to profitability.
• Composed effective accounting and ad-hoc reports summarizing A/P data for supply chain, HR and other departments.
• Consistently maintained accuracy in calculating figures and amounts such as discounts, interest, commissions, proportions and percentages.
• Achieved in-demand status as a sought-after A/P temp worker, with multiple companies requesting repeat or extended contracts and making offers of full-time employment at the culmination of initial temp assignment.
• Demonstrated the ability to fill in at a moment’s notice, quickly mastering new systems, processes and workflows.
• Resolved months of backlogged work, restored order and organization to processes/records in disarray, researched and solved billing problems and corrected invoicing and journal entry errors that had previously been missed.
• Operated financial computer systems and furnished senior company executives with A/P liability summaries and cash flow reports that were consistently praised for their accuracy, user-friendliness and timeliness.
• Assumed expanded responsibilities (concurrent with A/P duties) as the university’s interim A/P manager and payroll administrator filling in during vacations and maternity leave.
• Formally recognized by university administration for injecting improvements into recordkeeping/controls that reversed a history of missed payment deadlines, lost invoices and lack of proper authorization on expenditures.
• Rebuilt trust with vendors/suppliers, repairing damaged relationships by ensuring timely, correct payments for all goods/services received.
• Delivered six-figure cost savings by initiating expense analysis of equipment lease alternatives, leading to acted-upon leasing recommendations.
• Introduced business process improvements that enhanced A/P functions, established common vendor files, eliminated duplication and reduced monthly processing time by 20%.
• Analysis of revenue opportunities within the division
• Analysis of Route Profitability enabling greater targeting of resources
• Established balance sheet and cash flow forecasting models, ensuring greater financial control
• Identified balance sheet risks with joint venture partner, representing Finance Director in negotiations with Commercial Director of partner, achieving £250k gain
• Established a capital investment appraisal monitoring process
• Successfully represented FD in negotiations with customer, gaining £325k
• Successfully migrated new franchise into existing structure to maximize process efficiencies
• Preparing quarterly Forecasts and assisting in setting Budgets
• Planned And Managed Day To Day Operations For Corporate Office
• Analyzed And Organized Work Processes And Procedures
• Directed, Allocated, Monitored Resources
• Designed And Implemented Data Management Systems
• Liaised With Partners, Vendors, Clients And External Accountants
• Maintained Control Of Assets And Inventory
• Handling foreign people by emails and meetings
• make the specification for all the customers & translate it from English to Arabic
• Coordinate the execution of samples, informs clients on progress and gives specific instructions to other departments regarding the orders to proceed accordingly.
• Make plan for the samples & orders from the beginning till shipping.
• Communication between the factory & the customers in the all issues


Company Details

Swiss garment company (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services, Manufacturing

N/A

Oct 2006 to Oct 2009 (3 years)
Accountant at Alsawat Group, KSA - Taif City

Experience Details

Accountant

Accounting/Finance

Experienced (Non-Manager)

Key results:

• Expertise in all aspects of accounting, including accounts payables, accounts receivables, financial reporting, payroll administration, bank reconciliations, ant tax accounting.
• Experienced in accounting operations, designing procedures and maintaining sound internal controls.
• Detail oriented and organized with strong problem solving skills and exemplary attention to details.
• Respected team player who is willing to do whatever is necessary to get the job done.
• Charged with responsibility of coordinating all accounts payable and accounts receivable functions of $14 million microelectronics packaging solutions manufacturing company.
• Administer payroll and benefits, coordinate monthly closings and collaborate with other departments regarding financial data compilation.
• Offer necessary consultation regarding leadership to the senior staffs with their administrative associates
• Provide essential suggestions on the issues like organizational and commerce in needs management, needs diagnosis, planning and troubleshooting
• Initiate effective employee relations, communications and participative administration, third party negotiation with company procedures, benefits and compensations and improvement program for employees
• Design reorganization strategies for maximizing the labor force with group development actions and team building plans
• Take necessary steps for initiating the communicative affirmative action's with the essence of EEO procedures comprising of goal setting, profile, recognizing the problem spots and action planning
• Part of a team responsible for performing a comprehensive inventory of administrative records for the IRS. Developed and used filing systems; interpreted and applied regulations dealing with records maintenance, storage, retrieval, retirement, and destruction.
• Identified the relevant records series, and record all pertinent information on an inventory form or in an inventory database.
• Handling day to day office work.


Company Details

Alsawat Group, KSA - Taif City

taif, Saudi Arabia

51-100 employees

Accounting and Auditing Services, Manufacturing

N/A

May 2002 to Sep 2006 (4 years 4 months)

Education

Bachelor's Degree in accounting English

Education Details

Bachelor's Degree

accounting English

Modern Academy, Egypt

C / Good / 65 - 75%

N/A

N/A

Modern Academy
1998 - 2002

Training and Courses

Training/Course Details

How To Be An Effective Trainer

Jan 2002

MAM

How To Be An Effective Trainer

Training/Course Details

Attended The Course Of "Job Profile Preparation

Feb 2002

MAM

Attended The Course Of "Job Profile Preparation

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Profile Skills and Keywords

3ds MaxAbility To Effectively Work Under Tight Deadlines And Manage ProjectsAbility To Work In Physically And MentallyAccountantAccountant SpecialistAccountingAccounting And Auditing ServicesAccounting EnglishAccounts Payable Processes & ManagementAdobe PhotoshopAnalyticalArabicAttended The Course Of "Job Profile PreparationBankingBooksCarsChemicalsChief AccountComputer ScienceCorporate Accounting & BookkeepingCreativeERP, EDI & Financial System TechnologiesEngineering ServicesEnglishExcellent People Skills And Positive AttitudeExcellent Planning Organizational Analytical CommunicationFinanceFinancial AccountantFreehand DrawingGAAP Standards & Government RegulationsGraphic DesignHISENSE AfricaHandball GameHard WorkerHigh Flexibility In Terms Of Task Assigned And Very Good Teamwork SkillsHow To Be An Effective TrainerHow To Deal With Computer ProblemsHow To Deal With The Customer In The Critical SituationsHow To Make Researches From InternetInsuranceInternetInvoices/expense Reports/payment TransactionsJournal Entries & General LedgerLeaderManufacturingMicrosoft ExcelMicrosoft OfficeMicrosoft PowerPointMicrosoft WordOperationsProblem SolverProductionProgrammingRecords Organization & ManagementSportsSpreadsheets & Accounting ReportsSwiss Garment CompanyTeambuilding & Staff SupervisionTraining CoursesUnderstanding Of Manufacturing ProcessesVendor Negotiations & ManagementWindows Server 2008

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Intermediate

: Advanced

: Advanced

Tools and Technologies

Microsoft Office

Microsoft Office

: Expert

: Extreme - I love it!

:

More than 7 years

Internet

Internet

: Expert

: Extreme - I love it!

:

More than 7 years

Adobe Photoshop

Adobe Photoshop

: Expert

: Extreme - I love it!

:

More than 7 years

Freehand Drawing

Freehand Drawing

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft PowerPoint

Microsoft PowerPoint

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Word

Microsoft Word

: Expert

: Extreme - I love it!

:

More than 7 years

Programming

Programming

: Intermediate

: Extreme - I love it!

:

1-3 years

3ds Max

3ds Max

: Beginner

: Extreme - I love it!

:

Less than 1 year

Windows Server 2008

Windows Server 2008

: Beginner

: Extreme - I love it!

:

Less than 1 year

Fields of Expertise

Accounts payable processes & management

Accounts payable processes & management

: Expert

: Extreme - I love it!

:

More than 7 years

Invoices/expense reports/payment transactions

Invoices/expense reports/payment transactions

: Expert

: Extreme - I love it!

:

More than 7 years

Corporate accounting & bookkeeping

Corporate accounting & bookkeeping

: Expert

: Extreme - I love it!

:

More than 7 years

GAAP standards & government regulations

GAAP standards & government regulations

: Expert

: Extreme - I love it!

:

More than 7 years

Vendor negotiations & management

Vendor negotiations & management

: Expert

: Extreme - I love it!

:

More than 7 years

ERP, EDI & financial system technologies

ERP, EDI & financial system technologies

: Expert

: Extreme - I love it!

:

More than 7 years

Records organization & management

Records organization & management

: Expert

: Extreme - I love it!

:

More than 7 years

Journal entries & general ledger

Journal entries & general ledger

: Expert

: Extreme - I love it!

:

More than 7 years

Teambuilding & staff supervision

Teambuilding & staff supervision

: Expert

: Extreme - I love it!

:

More than 7 years

Spreadsheets & accounting reports

Spreadsheets & accounting reports

: Expert

: Extreme - I love it!

:

More than 7 years

Excellent planning organizational analytical communication

Excellent planning organizational analytical communication

: Expert

: Extreme - I love it!

:

More than 7 years

Ability to effectively work under tight deadlines and manage projects

Ability to effectively work under tight deadlines and manage projects

: Expert

: Extreme - I love it!

:

More than 7 years

High flexibility in terms of task assigned and very good teamwork skills

High flexibility in terms of task assigned and very good teamwork skills

: Expert

: Extreme - I love it!

:

More than 7 years

Excellent people skills and positive attitude

Excellent people skills and positive attitude

: Expert

: Extreme - I love it!

:

More than 7 years

How to deal with the customer in the critical situations

How to deal with the customer in the critical situations

: Expert

: Extreme - I love it!

:

More than 7 years

Ability to work in physically and mentally

Ability to work in physically and mentally

: Expert

: Extreme - I love it!

:

More than 7 years

Understanding of manufacturing processes

Understanding of manufacturing processes

: Expert

: Extreme - I love it!

:

More than 7 years

How to deal with computer problems

How to deal with computer problems

: Expert

: Extreme - I love it!

:

More than 7 years

How to make researches from internet

How to make researches from internet

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Leader, Hard worker, Creative, Problem Solver

Online Presence

https://www.facebook.com/mahmoud.elshimy.10

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