Walid Sallam

Experience

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  Rozetta drink family

  Oct 1998 - Dec 2000

  Cost Accountant

  1 - Proficiency Test actual costs of work on production lines.  2 - Control outgoing for actual production compared with standard and Extraction deviations.  3 - Analysis expenses and guidance on production centers and service centers Productivity and administrative centers and distribution and selling centers.  4 - Prepare cost statements of new products and existing products.  5 - Link between cost and warehouses and procurement in terms of price Change and its impact on the cost statement.  6 - Carry out inventory under operating and evaluation.  7 - To prepare analyzes production and the preparation of monthly balances of Materials used. Show less

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  Sima & honeywell group ( The Egyptian Company for Food Industries )

  Jan 2001 - Feb 2005

  Senior Cost Accountant

  Key Responsibilities:• Analyzing manufacturing operations, equipment availability and utilization• Performing month-end cost accounting close• Maintaining cost accounting system and cost ledger• Performing life cycle cost-benefit analysis• Analyzing inventory valuations

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  IMTENAN Group

  Mar 2005 - Mar 2008

  Cost Accounting Manager

  Responsibilities: • Managed all cost accounting related operations, ensuring that the costs for the company’s products and services are allocated according to corporate procedures and in compliance with financial accounting standards.• Analyzed production costs, recommended changes as well as developed cost standards for materials and labor. • Designed and implemented cost accounting systems; oversaw cost control systems, managed cost audits and prepared cost accounting reports for presentation to top management.• Collated historical cost data (materials, labor, depreciation, operating expenses, etc.) to compare budgets with actual expenses. • Participated in the annual budgeting process, including preparation of standard costs.• Carried out cost accounting closing functions on a daily & weekly basis while developing and analyzing general ledger and financial statements.• Oversaw annual physical inventory to ensure accuracy and compliance with corporate policies. • Developed procedures and controls to ensure meaningful and reliable product costs and accurate inventories.• Assisted senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports. Show less

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  Abdul Samad Al Qurashi

  Apr 2008 - Sept 2021

  Highlights: • Lead the process of Both Vendor due diligence and Financial due diligence.• Setting up Financial planning package including Budget Planning, Financial modeling.• Transfer Pricing management.• Setting up an effective financial and costing system.• Visibility studies, Investment managment, Managment accounts, Suppoting decision making, Financial restructure .Responsibilities: • Provide financial leadership to the group, oversee and manage the group’s financial requirements and support the management team in managing business performance in compliance with group’s policies and procedures.• Assist in business planning process across all business units to ensure all business objectives and targets are met. • Monitor and interpret cash flows and predict future trends, ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements.• Develop the annual budget, control the operating cost, compare the actual achievement vs. budget and report to management on variances from the established budget along with the reasons for those variances. • Analyze pricing, costs, variable contributions, sales results and the company’s actual performance compared to the business plans, and accordingly prepare financial reports and forecasts.• Preparation of financial consolidation • present consolidated reports to the management.• Ensure that critical financial analyses are performed to determine present and forecasted financial health of the company; present potential scenarios and outcomes to the senior management team. Show less Responsibilities as Accounting Manager - Outside Branches:• Managed and oversaw daily accounting operations of outside branches including month and end-year process, AP/AR, GL, budgeting, cash forecasting, revenue and expenditure variance analysis, debt activity, etc.• Managed all accounting transactions, prepared journal entries, posted them in the general ledger, examined bank statements and reconciled them with general ledger entries. • Ensured that the books of accounts are maintained as per the standards and in a timely manner.• Performed bank reconciliation to compare the balance in the bank as per the company’s accounting records with the balance stated in the bank statement, as well as prepared bank reconciliation statements. • Processed all aspects of monthly close of financial records, retrieved necessary month-end statements for monthly closeout process, reconciled all asset accounts and prepared financial statements.• Contributed in short- & long-term budgeting, monitored & interpreted cash flow, and predicted future trends. • Monitored and analyzed accounting data and produced financial reports for senior management team. • Reviewed accounting records, payroll summaries, bank reconciliation statements and adjusting entries (accruals, prepayments & provisions) to ensure accuracy and conformance to reporting standards. Show less Responsibilities as Chief Accountant - Public Accounts & Costing Accounts:• Handled all accounting operations of the group including supervising and managing public accounts & costing accounts, analyses and the maintenance of effective internal controls while ensuring statutory compliance. • Maintained the company’s books of accounts, recorded journal entries, posted transactions to the ledger and entered rectification & adjustment entries, assisted in monthly, quarterly & yearly closing of books of accounts.• Monitored daily performance of the department, scheduled jobs and delegated responsibilities to accounting department employees; monitored the progress of financial and accounting objectives. • Examined bank statements, performed bank reconciliation to compare the balance in the bank with the balance stated in the bank statement and prepared bank reconciliation statements.• Prepared detailed reports on company’s financial performance on a quarterly and annual basis including income statements, balance sheets, reports of annual profits and expenses and analysis of future earnings or expenses.• Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting for submission to senior management.• Monitored, recorded, classified and summarized financial transactions in accordance with international accounting principles and financial reporting standards. Show less

  • Financial Controller

    Oct 2013 - Sept 2021

  • Accounting Manager for Outside Branches ( 10 countries overall the world )

    Apr 2011 - Sept 2013

  • Chief Accountant - Public Accounts & Costing Accounts

    Apr 2008 - Mar 2011
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  AGM Financial Restructuring Services

  Nov 2021 - Jul 2024

  Chief Financial Officer / Business Development Advisor

  Demonstrated proficiency in quantitative analysis, paired with strong emotional intelligence for organizational and personnel management.• Dynamic leadership approach focused on continuous business process and operational efficiency improvement.• Advocate for employee engagement as a cornerstone for achieving company goals.• Led extensive Vendor and Financial due diligence processes.• Adept in Financial reporting with a commitment to strict Compliance standards.• Expert in Tax management, including policy development, risk evaluation, and Withholding Tax strategies.• Responsible for comprehensive risk register, Audit oversight, and strengthening of Internal controls.• Diligent in ensuring Zakat Compliance and fiscal responsibility.• Orchestrates Transfer Pricing strategies to ensure regulatory Compliance.• Guides Budgeting and Forecasting, providing essential financial insights.• Utilizes Scenario Planning to proactively address and prepare for future business scenarios.• Influential in Strategic decision-making to guide corporate direction.• Manages Performance metrics to enhance organizational excellence and accountability.• Conducts Profitability Analysis to uncover and leverage financial opportunities.• Directs Business Planning in alignment with strategic objectives.• Oversees Capital budget management to ensure alignment with corporate goals.• Executes Visibility studies for evaluating potential project outcomes.• Manages Investment portfolios to optimize returns and support growth.• Maintains effective Cash Management to ensure liquidity and financial health.• Monitors Financial Covenant compliance to protect the company's credit reputation.• Tailors Capital structure management to foster sustainable growth and financial well-being Show less