Basic Info

Mohamed Megawer

10 years

Cairo, Egypt

Bachelor's Degree

Manager

Work Experience

Planning, Budgeting and Reporting Manager at Leading Retail Co.

Experience Details

Planning, Budgeting and Reporting Manager

Accounting/Finance

Manager

 Responsible for ERP - Enterprise resources planning - (Oracle application R12) implementation in the company.
 Responsible for overall company annual budgeting process, forecasting and reporting.
 Define the budget calendar, manage the preparation of budget templates and ensure the adequacy of the templates to the company budgeting requirements.
 Manage the budget preparation process in coordination with all department heads.
 Evaluate departmental budgets for conformity with other departmental budgets and the company overall objectives.
 Manage and ensure budget consolidation process is adequately performed and completed.
 Manage and monitor the budget performance and review of budget performance reports in preparation to submitting to the management.
 Discuss the budget performance reports with concerned departments before final submission to the management and work with them to develop strategies to maximize budget efficiencies.
 Overseeing the accounting function including the development of the group policies and procedures, chart of accounts, as well as the AP/AR/payroll and inventory costing activities.
 Ensure the month end closing process according to the company policy.
 Operation monitoring and controlling through KPIs and reporting.
 Coordinate and facilitate internal and external audit and provide relevant inputs for all activities.
 Manage the preparation of daily, weekly, monthly, quarterly and annual management reports (including financial statements and other management reports) and ensuring timely and accurate compliance with the requirements of the group's standard reporting.
 Preparation and presentation of monthly and quarterly business review, providing feedback and recommending corrective actions to senior management as necessary to ensure company financial and operational targets are met.
 Perform multi-functional value-added financial analysis such as brands profitability, new brands financial projections and profit improvement studies.


Company Details

Leading Retail Co.

Riyadh, Saudi Arabia

More than 1000 employees

Retail

N/A

May 2014 to present (2 years 7 months)
Financial Controller at Hilti

Experience Details

Financial Controller

Accounting/Finance

Manager


 Responsible for SAP ByD financial modules implementation in the company.
 Responsible for cash flow management (A/R & A/P: credit policy, payment terms, collection/credit limits).
 Prepares credit approval memorandums for new customers and submits recommendation for approval /disapproval with clear justification to GM with the guidance of the company credit and collection policy.
 Presenting customers’ requests for extending credit facilities with a comprehensive report to GM.
 Periodic review and assessment of the existing customers through credit engine module based on; customer potential, sales trends, risk rating, dunning level and payment history with the guidance of the company credit and collection policy.
 Monitoring / following up the performance of the credit accounts to detect early signs of trouble in order to achieve higher levels of quality through minimizing defaults and provisions.
 Act as a driver for A/R, A/P, payroll and other functions within finance department.
 Preparation of daily/weekly/monthly sales/margin reports by TS, BU, trade and customer classes.
 Monthly reconciliation of inter-company accounts and prepares their monthly payments.
 Preparation of daily cash reconciliation as well as monthly bank reconciliation.
 Month end closing, financial reporting (monthly P&L), balance sheet and preparation of annual budgets and year-end audits.
 Budget control, projection based on rolling forecasts and cost center allocation of expenses, productivity, KPIs and VCC reporting and variance analysis.
 Profitability analysis through financial management and controlling.
 Active participation in team management meetings and in projects and processes.


Company Details

Hilti (multinational)

Kuwait City, Kuwait

More than 1000 employees

Retail

www.hilti.com

Jul 2012 to Apr 2014 (1 year 9 months)
Senior Accountant at Kharafi National

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

January2010: June 2012:

 Responsible for ERP - Enterprise resources planning - (Oracle application) implementation in the company.
 Demonstrating ERP accounts module to our subsidiary companies (Kuwait, UAE, Lebanon and Egypt).
 Developing and implementing management reports including; bank facilities, receivables and payable, etc.
 Preparation of Monthly cost Status Report, and analyses for the variance between budgeted performance and actual performance.
 Supervising and overseeing cash, income and expenditure, preparing cash flows statement on weekly/monthly basis to evaluate the liquidity of the funds in the company.
 Analyzing and evaluating the accuracy of annual reports of various projects, comparing the same with budgeted reports and providing valuable inputs to the management.
 Co-ordinate and interact with external audit to provide the audited financials.
 Checking and verifying all finance related to outgoing Correspondence before signed by the authorized person.
 Auditing of the whole payroll section accounts (Salaries, Leaves, Terminations, Resignations, Dismissals & provisions).
 Monthly reconciliation for inter-company accounts.
 Attend monthly cash inventory and preparing the cash audit report.
 Preparation of annual and mid-year stock taking.
 Preparation of monthly trail balance and balance sheet analysis.
 Period end closing and reporting.

January2009: December 2009:

 Monitoring Fixed Asset additions, disposal, depreciation and reconcile Fixed Asset module with GL.
 Preparation of Fixed Assets monthly report.
 Handling and analyzing accounts receivable account.
 Following up the letter of guarantee.
 Handling and analyzing letter of credit and good in transit account.

June2007: December 2008:

 Preparing of Supplier payments and reconciling various accounts related to the supplier.
 Preparation of subcontractor’s payments and reconciling their accounts monthly.
 Preparing and analyzing of the company creditors payments.
 Preparing and reconciling of the company insurance payments.
 Entering of daily bank transaction and preparing bank reconciliation for various company accounts and statements.
 Entering and reviewing of daily cash transaction and reconciling cash book with books of the accounts.
 Handling and reviewing business travel and general expenses payments.
 Handling and reviewing revolving & non-revolving fund (opening, reimbursement, and closing).
 Handling and recording debit and credit notes for the subsidiary companies.
 Handling monthly accommodation and catering invoices for the company employees.


Company Details

Kharafi National (multinational)

Kuwait, Kuwait

More than 1000 employees

Construction - Industrial Facilities and Infrastructure

www.kharafinational.com

Jun 2007 to Jun 2012 (5 years)
Credit Officer at Banque Misr

Experience Details

Credit Officer

Banking

Experienced (Non-Manager)

June 2006: June 2007:

 Develop branch business in connection with existing accounts as well as potential customers to meet and exceed the targets.
 Serve as a primary point-of-contact for customers requesting Individual Banking products.
 Receive and process card and loan applications, funds transfer, collections, standing orders, bank drafts and other means of payments.
 Administer loans to the assigned group of individuals.
 Takes advantage of every opportunity to delight customers, sell the Bank's product, and demonstrate interest of providing other services.
 Ability to achieve immediate and long-term goals and meet operational deadlines
 Excellent understanding of banking services and products on corporate Level.
 Issuing, renewing, and liquidating Letters of guarantee (LGs).
 Preparing monthly and periodic reports.

April 2006: May 2006:

 Meet new customers and Serve as the customer contact point for their general requests.
 Open and process all types of customer accounts, maintain account conditions.
 Handles branch mail and all customers correspondence.
 Perform a range of office duties under request of the branch manager.
 Guides customers to other points of services.
 Excellent interpersonal and communication skills with good ability to understand the requirements of the customer and provide appropriate counsel.
 Experienced in dealing with all kinds of the customers.


Company Details

Banque Misr (multinational)

Cairo, Egypt

More than 1000 employees

Banking

www.banqueting.com.eg

Apr 2006 to Jun 2007 (1 year 2 months)

Achievements


Oracle Implementation

Education

Bachelor's Degree in Faculty of Commerce

Education Details

Bachelor's Degree

Faculty of Commerce

Cairo University, Egypt

B / Very Good / 75 - 85%

Accounting

N/A

Cairo University
2000 - 2004

Certifications

Certificate details

CMA (Certified Management Accountant)

Jun 2013

N/A

N/A

40075

Institute of Management Accountants (IMA)

N/A

Certificate details

CFC (Certified Financial Consultant)

Dec 2012

N/A

N/A

16961

Institute of Financial Consultants (IFC)

N/A

Certificate details

CertIFR (Certified in International Financial Reporting)

Nov 2013

N/A

N/A

AD34762

Association of Chartered Certified Accountants

N/A

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

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Profile Skills and Keywords

AccountingArabicBankingBanque MisrBusiness-orientedCFC (Certified Financial Consultant)CMA (Certified Management Accountant)CertIFR (Certified In International Financial Reporting)Construction - Industrial Facilities And InfrastructureCreativeCredit OfficerDetails-orientedEnglishFaculty Of CommerceFinanceFinancial ControllerHiltiInsuranceKharafi NationalLeaderOraclePlanning, Budgeting And Reporting ManagerRetailSenior AccountantSupportive

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Oracle

Oracle

: Advanced

: Extreme - I love it!

:

More than 7 years

Key Skills

Leader, Business-oriented, Creative, Details-oriented, Supportive

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