Ramy Hegab

Experience

• 

  Devon Energy

  Jun 2007 - Sept 2007

  Accountant

  Joint Venture Accountant

• 

  Dana Petroleum Limited

  Oct 2007 - now

  Planning, Budgeting and Reporting:• Preparing Capital and Operation Budgets.• Preparing monthly forecast for Capital expenditures and Operating expenses.• Analyzing actual Capital expenditures and Operating expenses actual vs. budget.• Analyzing actual company overhead vs. Budget & Forecast.• Preparing monthly pack to identify and communicate key performance drivers and reason for variances vs. budget and forecast. • Highlighting variances for the actual results and giving alerts on budget deviations.• Enhancing the planning files to ensure easy flow for information and easy reporting and reconciliations.• Giving early alerts for possible risks for budget/FCST deviations. Show less Revenues:• Observing, receiving, and otherwise obtaining information from the operator.• Maintaining accounting records and general ledgers monthly for sales accounts.• Preparing, calculating and recording Corporate Tax (Tax return) on monthly and annually basis.• Preparing, calculating and recording Excess Cost Recovery (ECR) on monthly and quarterly basis as per PSC’s.• Calculating and recording Crude Oil Inventory Valuations.• Updating Sales Register.• Reviewing monthly variance analysis and investigations.• Following up with EGPC and partners about the status of the Oil & Gas receivables. Cash Managements:• Handling and reviewing Cash Calls (Head-office, JV’S, Operated partners and Non-operated partners).• Handling and reviewing (LC monthly requirements).• Responsible for bank accounts and related deals.• Preparing bank reconciliations.• Preparing Monthly cash flow statements. Cost and Billing Statements:• Receiving, Reviewing and recording JOA’S billings for all concessions (Booking Gross Costs, Netting down to company Working Interest share).• Managing AFE's (Authorization for Expenditures) New Serial numbers and AFE approved cost Vs. Actual Cost.• Supervising the A/P process (Checking account codes, approvals & proper documentation). Show less

  • Finance Manager

    Nov 2021 - now

  • Head of accounting, Budget and Financial Reporting

    Jan 2015 - Dec 2021

  • Budget, Forecast & Financial Reporting Supervisor

    Jan 2014 - Jan 2015

  • Senior Accountant

    Jan 2012 - Jan 2014

  • Accountant

    Oct 2007 - Dec 2011