Mostafa Magdy, MBA

Experience

• 

  Banque Misr

  Jun 2008 - Aug 2008

  Trainee
• 

  Barclays Bank Egypt

  Aug 2010 - Mar 2011

  Employee

  Responsibilities include, but are not limited to the following:• Responsible for maximizes the sales of a bank’s product in many different settings.• One of the responsibilities is to selling the organization's products.• Maintaining relationships with existing customers through regular review visits. • Visiting potential customers to demonstrate products and gain new markets. • Recording sales and order information and sending copies to the sales office. • Assisting customers with product selection. • Responsible for maintaining sustainable records of sales achievements/quotas. Show less

• 

  Americana Foods

  Mar 2011 - Jun 2011

  Payable Accountant

  Responsibilities include, but are not limited to the following:• Working in Accounts Payables section. • Responsible for preparing journal entries for miscellaneous supplier and expenses.

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  Petrobakr Petroleum Company"TransGlobe Energy corporation (subsidiary of VAALCO Energy,inc.) JV Co."

  Jun 2011 - now

  Responsibilities include, but are not limited to the following:1- Budget and Reporting:A- Responsible for Quarterly presentation to board members to present actual vs. budget variances for the three main activities (Exploration, Development and Operations) to help them in making strategic decisions.B- Leading the preparation process of Petrobakr capital and operating budgets, AFE’s and cash calls.C- Ensure accurate compilation, analysis and reporting of financial data on monthly and yearly basis as per Company standard and local regulation. D- Reviewing various monthly reports and analysis to monitor actual performance against the Budget.E- Dealing with Internal & External Auditors.F- Reviewing of withholding tax reports.2- General Accounting:A- Lead and control the monthly closing exercise. The final product of this process is to submit full trail balance and concise explanations on year-to-date actual vs. budget variances to partners by the fourth business day of each month.B- Review of trial balance to identify variances.3- Accounts Payable:A- Overseeing the accounts payable process and ensuring timely payments to vendors and suppliers.B- Maintain accurate financial records and reconcile accounts payable transactions. C- Ensuring that all invoices are processed in a timely and efficient manner. Show less Responsibilities include, but are not limited to the following:1- Budget and Reporting: A- Prepare Monthly Budget Performance Analysis Report.B- Ensure that materials requisitions and invoices are in compliance with budget.C- Assets in preparation process of budgets. 2- General Ledger:A- Reviews entries to ensure that all the cost is booked under correct cost element and cost center.B- Prepare monthly and annual closing schedules.C- Prepare general ledger reconciliation e.g. (A/R, A/P and Materials).D- Reviewing of Accruals and GL entries. Show less Responsibilities include, but are not limited to the following:A- Verifying that invoices are in compliance with contracts, price service agreements, proper documentation, materials receipts, purchase orders, etc.B- Ensure proper approvals are obtained in accordance with financial authority matrix. C- Preparation of entries / Allocate expenditures to proper operating or capital accounts.D- Ensure compliance with withholding tax and social insurance laws. E- Summarize all company contracts (each contract in one Excel sheet) to be easier in reviewing / payment of invoices.F- Making presentations to express tasks of Finance department to other department managers. Show less

  • Finance Team Lead

    Jan 2020 - now

  • Budget and Reporting Section Head

    Jan 2019 - Dec 2019

  • Senior Accountant

    Jan 2015 - Dec 2018

  • General Ledger Accountant

    Jul 2012 - Dec 2014

  • Payable Accountant

    Jun 2011 - Jun 2012