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Waleed Adly Shash

Head Of Accounting & Acting as Financial Controller at The Alexandria Confectionery & Chocolate Co. CORONA

6th of October, Giza, Egypt

Work Experience

  • Head Of Accounting & Acting as Financial ControllerFull Time

    The Alexandria Confectionery & Chocolate Co. CORONA

    Dec 2020 - Present -4 yrs, 6 months

    Egypt , Giza

    • Job Details:Lead and manage the Accounting Department and team, ensuring compliance with GAAP and company procedures. Implement best practices in accounting processes, emphasizing optimization and the reduction of manual procedures. Collaborated with finance and accounting departments to deliver comprehensive financial information to facilitate decision making for management, stakeholders and parent company. Analyzed financial statements to identify potential risks and opportunities for improvement.
  • Accounting ManagerFull Time

    Alexandria Confectionery and Chocolate CO. CORONA

    Apr 2017 - Dec 2020 -3 yrs, 8 months

    Egypt , Alexandria

    • Job Details:Implement Accounting best practices across both new and existing processes, emphasizing optimization and the reduction of manual procedures. Coordinated approval or rejection of lines of credit or commercial, real estate or personal loans. Supervise monthly cash reconciliation and weekly cash balances to ensure precision and accuracy. Effectively manage the Accounting Department and team in strict adherence to GAAP, IFRS, and company policies and procedures.
  • Costing Manager and Acting as FP&AFull Time

    Alexandria Confectionery and Chocolate CO. CORONA

    Jan 2011 - Apr 2017 -6 yrs, 3 months

    Egypt , Alexandria

    • Job Details:Managed Purchase Price Variance (PPV) and Material Utilization Variance (MUV) calculations for cost control. Developed and finalized annual business plans, encompassing the Annual Operating Plan (AOP) and Operating Plan to Estimated Financial Statements. Monitored costs with implementation of long-term systems and procedures for tracking and reporting on data. Managed Purchase Price Variance (PPV) and Material Utilization Variance (MUV) calculations for cost control.
  • Costing Manager, Budget control & IT ManagerFull Time

    Alexandria Confectionery and Chocolate CO.

    Jul 2006 - Dec 2010 -4 yrs, 5 months

    Egypt , Alexandria

    • Job Details:Performed analysis of existing products and services to assess profitability levels and suggest changes accordingly. Conducted research into industry best practices and benchmarking techniques related to costing management. Oversee the preparation and control of financial and operational budgets Assisted with month-end closing activities including journal entries for inventory valuation adjustments as needed.
  • Education

    • B. Com in Accounting Section

      Alexandria University (ALEXU)

      Jan 2010 - Jan 2013 - 3 yr

    • LL.B in Law

      University

      Jan 1996 - Jan 2000 - 4 yr

    • High School - Thanaweya Amma

      Lycee liberty school

      Jan 1995 

    Achievements

    - Implementing and migrating to New ERP System Microsoft Dynamics 365 during 2023 across all financial modules. - Preparing all financial master data for the implementation (Chart of accounts, financial dimensions, Vendors & AP Data, Costumers and AR Data, Fixed assets, Bank Management, Landed Cost, GL. - As a Costing Manager: Building MRP file to calculate all the needed materials from BOM (Inputs: Production Volumes Outputs: Materials needed volume and values) - Implementing Job Order process costing in Corona Factories.

    Skills

    • Microsoft Excel
    • Budgeting
    • ERP
    • Database
    • Cost Control
    • Account Management
    • Managing budgets
    • ERP Implementation
    • Accounting
    • Inventory Control
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    Languages

    • Arabic

      Fluent
    • English

      Advanced

    Training & Certifications

    • CMA Part 1

      ATC Management Consultaant·2023
    • Certified Management Accountant

      EAAC·2017
    • Cost Accounting Course

      Eaac Center (Meehan Arabia Project)·2013
    • Soft Skills

      New Horizons·2013
    • Implementing a Microsoft SQL Server 2005 Database

      New Horizons·2008
    • Writing queries using Microsoft SQL server 2005 Transact-SQL

      New Horizons·2007
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