MA

Muhamad Abo-Alela

Deputy Director, Department of Relations with Administrative and Government Agencies at Lotus Holding for Financial Investments

Cairo, Egypt

Work Experience

  • Deputy Director, Department of Relations with Administrative and Government Agencies

    Lotus Holding for Financial Investments

    Jan 2015 - Present -10 yrs, 7 months

    Egypt

    • Job Details:Successfully managed and submitted all required tax declarations via the Egyptian Tax Authority's electronic system, achieving 100% compliance and preventing penalties. Led financial closing processes, including preparing financial statements and balance sheets, and provided critical insights for senior management decision-making. Oversaw internal audit procedures to verify accounting records and the integrity of financial processes, providing recommendations to enhance the internal control system in line with Egyptian standards. Collaborated and coordinated with external audit firms during the annual financial statement audit to ensure the issuance of unmodified audit reports. Developed and implemented effective internal controls to protect company assets from financial risks and fraud, thereby enhancing efficiency and integrity of financial performance. Managed company accounts and cash flow to ensure sufficient liquidity for operational and investment obligations. Provided proactive legal and financial solutions to resolve complex corporate issues, ensuring business continuity and regulatory adherence. Led and managed the full lifecycle of company establishment procedures for over 20 new companies and the modification of more than 15 entities, ensuring full compliance with Egyptian law.
  • Senior Accountant / Deputy Head of Accounts

    Lotus Holding for Financial Investments

    Nov 2008 - Dec 2014 -6 yrs, 1 month

    Egypt

    • Job Details:Served as an accountant for five years, culminating in a promotion to deputy head of accounts, reflecting consistent high performance and increasing responsibility. Conducted financial audits of subsidiary companies, ensuring data accuracy and strict adherence to accounting standards. Assisted in the preparation of detailed financial reports for senior management, providing vital insights to support strategic decision-making. Prepared journal entries and general ledger reconciliations.
  • Education

    • Bachelor's Degree in Accounting

      Ain Shams University (ASU)

      Jan 2007 

    Skills

    Languages

    • Arabic

      Fluent
    • English

      Advanced
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