Fadi Sous

Experience

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  Zain

  Dec 2001 - Feb 2006

  Senior Head Unit Accountant (GL& Cash management)

  • Managing Fastlink's Sport Club financial accounting.• handling cash management module on Oracle financials• Manage the year end income tax review & the Telecommunication & Regulatory Commission's revenue sharing review.• Manage the preparation of the daily cash position & annual cash forecast • Preparing the accruals for each month.• Preparation of weekly cash forecasts and taking necessary action to ensure optimal utilization of cash resources and avoiding over drawings on bank accounts.• Supervising bank Reconciliation daily work.• Supervising daily shop collection reconciliation. • Manage the preparation of monthly reconciliations of call conveyance (Interconnection) between operators.• Checking the bank reconciliations On a monthly basis (check the inflow and out flow cash to be sure that all transactions have been recorded at our books and to be sure that the bank balances equal our books balances) • Check and post the journal entries related to banks (bank charges, interest, transfers, foreign exchange, post dated checks, shops daily collections and dealers’ daily deposits).• Follow up cases related to banks accounts Show less

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  Du

  Feb 2006 - Nov 2008

  General Ledger & Payroll Senior

  Major Responsibilities: -Ensure the preparation of the monthly financial statements (balance sheet, P&L Statement, statement of changes in equity, statement of cash flows) for presentation to the Senior Manager Accounting and CFO-Ensure preparation of the quarterly and annual financial statements Adherence to IFRS and compliance to company policies in coordination with external auditors and presenting it to the Senior Manager Accounting for review and finalization.-Monitoring actual performance against the budget on a monthly basis, identifying areas of improvement and communication of such to the management, thereby contributing towards budgetary control process. -To ensure closing all modules and transfer all data to GL Reviewing AP, AR, FA, Inventory reconciliations with the GL and ensure the preparation of all reconciliations between the book suppliers balances with the suppliers statements of account and ensure receiving of all the balances conformations.-Ensuring that all the month end closing entries related to GL accounts (TRA fees, Goodwill, Accruals, Prepaid amortization etc) has been entered.-To review and check the payroll preparations and ensure that all the calculation have been made according to the company’s policies.-To review the calculation of monthly pension and ensure payment to the authorities.- To ensure the reconciliation between the system reports and the HR reports on monthly basis and the reconciliation with the pension authority.-Review the monthly banks' reconciliations and make sure to receive all the bank balances conformations (bank accounts, LC’s , LG’s, hedging and forward deals.-Help in preparing the company annual report. -Main point of contact for the External Auditors, Internal Auditors and State Auditors for all their requirements from GL and overall financial statements disclosures.-Excellent knowledge of oracle ADI, Discoverer, & Data Loader Show less

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  The Sultan Center

  Nov 2008 - Aug 2009

  Finance Manager

  -To ensure timely and quality monthly financial reports being submitted to corporate and compliance of group accounting policies and all external reporting requirements. Monitor, track and review the assigned business unit’s KPI. Providing and interpreting financial information.-Ensure preparation of the quarterly and annual financial statements Adherence to IFRS and compliance to company policies in coordination with external auditors.-Monitoring performance and efficiency by preparing monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks. -Participating in strategic planning, and formulating long-term business plans.-Conducting reviews and evaluations for cost-reduction opportunities.-Overseeing budgetary control.-Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.) -Maintain contact with bankers, investment managers, pension advisers and auditors.-Leading, or working on, projects.-Recruiting , assessing , training , managing (of direct-reporting staff ) -Monitoring and interpreting cash flows and predicting future trends.-Review account analyses and reconciliations prepared by staff.-To ensure timely and quality monthly reconciliations with the tax departments (Income Tax, Sales Tax).-Review and approve all the due payments (Suppliers payments , payroll ,tax payments & any other payments).-Supports Managers in managing, tracking, monitoring, and reporting financial data as requested. Show less

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  Globitel

  Aug 2009 - Aug 2021

  Finance Director

  Software company Major Responsibilities: - Accounting and financial controls- Management reporting.- Budgeting- Leadership- Staff management- Cash and risk management- procurement & logistics

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  Globitel UAE

  Dec 2011 - Aug 2021

  Finance Manager

  Revenue and Accounts Receivable activities including issuance of Accounts Receivable invoices, Accounts Receivable reconciliations and ageing, accurate recording of collections and accrued revenueo Accounts Payable (Projects and Operations) activities including processing of Accounts Payable Invoices, liquidations of advanced payments, preparation of Accounts Payable entries, Accounts Payable Reconciliation and AgingoTax recording and make sure that our tax consultant Farahat company submit it on time to the tax authorities every three months answer all the inquirieso General Ledger entries including payroll , reconciliation, pre-payments, accruals, inter-company transactions, and related parties, bank reconciliations, provisions and write-offEnsures completeness, accuracy and timeliness of all financial reporting including the coordination and completeness of annual audit reviews and ensuring compliance with IFRS and with all legal requirementsmethodologies and parameters, financial scenarios, sensitivity analysis etc. which aid in informed decision making by theServes as the principal contact with the external audit firms and tax consultants.Prepare and submit the financials statements , to the auditor Farahat company to start auditing them and provide them with all the Audit requirements and get them all the confirmations from banks and related parties and customers and suppliers Show less

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  Orient Logistics

  Jan 2022 - May 2024

  Group CFO

  Worked as Group CFO . joined the team in 2022 In that capacity reporting directly to the CEO .