Mohamed Foly , CMA®

Experience

• 

  ABYAT

  Mar 2013 - Mar 2015

  Accountant

  •Prepare monthly, quarterly, and annual statements (balance sheets and income statements) to identify results, trends, and financial forecasts.•Manage and coordinate compliance with local, state, and federal government reporting requirements and tax filings in the different jurisdictions in which we have operations.•Collaborate with auditing services to ensure proper compliance with all regulations.•Collecting and analyzing financial data, which is then used in the preparation of weekly and monthly estimates.•Preparing weekly cash flow statements, and controlling expenditure and cash flow.•Coordinate the preparation of year-end accounts and statutory accounts.•Responding to financial inquiries by gathering and interpreting data.•Examining financial records to check for accuracy.•Manage the preparation and posting of receipts, deposits, purchase orders, invoices, refunds, and other standard bookkeeping tasks.•Manage accounts receivable and accounts payable.•Provide oversight to Admin in line with petty cash disbursements, replenishment, and petty cash count. Review and oversee reimbursements.•Coordinate the preparation, tracking, and reconciliation of ledgers, budgets, and financial plans.•Coordinate the payroll preparation process.•Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements.•Report on financial projections (e.g. liquidity and cash flow).•Support month-end and year-end close processes.•Develop mechanisms, policies, and procedures to enhance compliance with the requirements of the finance functions, and accounting standards and regulations.•Implement and drive improvements in the core financial processes and reporting for the business.•Use technology to streamline and amplify our finance function capabilities.•Learn new technologies and transform your learnings into applicable tools to benefit our growth ambitions. Show less

• 

  Orascom Construction PLC

  Mar 2015 - Dec 2017

  Senior Accountant

  •Prepare monthly, quarterly, and annual statements (balance sheets and income statements) to identify results, trends, and financial forecasts.•Manage and coordinate compliance with local, state, and federal government reporting requirements and tax filings in the different jurisdictions in which we have operations.•Collaborate with auditing services to ensure proper compliance with all regulations.•Collecting and analyzing financial data, which is then used in the preparation of weekly and monthly estimates.•Preparing weekly cash flow statements, and controlling expenditure and cash flow.•Coordinate the preparation of year-end accounts and statutory accounts.•Responding to financial inquiries by gathering and interpreting data.•Examining financial records to check for accuracy.•Manage the preparation and posting of receipts, deposits, purchase orders, invoices, refunds, and other standard bookkeeping tasks.•Manage accounts receivable and accounts payable.•Provide oversight to Admin in line with petty cash disbursements, replenishment, and petty cash count. Review and oversee reimbursements.•Coordinate the preparation, tracking, and reconciliation of ledgers, budgets, and financial plans.•Coordinate the payroll preparation process.•Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements.•Report on financial projections (e.g. liquidity and cash flow).•Support month-end and year-end close processes.•Develop mechanisms, policies, and procedures to enhance compliance with the requirements of the finance functions, and accounting standards and regulations.•Implement and drive improvements in the core financial processes and reporting for the business.•Use technology to streamline and amplify our finance function capabilities.•Learn new technologies and transform your learnings into applicable tools to benefit our growth ambitions. Show less

• 

  RSM Egypt - Consulting | FPO

  Feb 2018 - May 2020

  Auditor

  •Prepare monthly, quarterly, and annual statements (balance sheets and income statements) to identify results, trends, and financial forecasts.•Manage and coordinate compliance with local, state, and federal government reporting requirements and tax filings in the different jurisdictions in which we have operations.•Collaborate with auditing services to ensure proper compliance with all regulations.•Collecting and analyzing financial data, which is then used in the preparation of weekly and monthly estimates.•Preparing weekly cash flow statements, and controlling expenditure and cash flow.•Coordinate the preparation of year-end accounts and statutory accounts.•Responding to financial inquiries by gathering and interpreting data.•Examining financial records to check for accuracy.•Manage the preparation and posting of receipts, deposits, purchase orders, invoices, refunds, and other standard bookkeeping tasks.•Manage accounts receivable and accounts payable.•Provide oversight to Admin in line with petty cash disbursements, replenishment, and petty cash count. Review and oversee reimbursements.•Coordinate the preparation, tracking, and reconciliation of ledgers, budgets, and financial plans.•Coordinate the payroll preparation process.•Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements.•Report on financial projections (e.g. liquidity and cash flow).•Support month-end and year-end close processes.•Develop mechanisms, policies, and procedures to enhance compliance with the requirements of the finance functions, and accounting standards and regulations.•Implement and drive improvements in the core financial processes and reporting for the business.•Use technology to streamline and amplify our finance function capabilities.•Learn new technologies and transform your learnings into applicable tools to benefit our growth ambitions. Show less

• 

  Cemex

  Jun 2019 - Jan 2022

  • Analyzing current and past financial data and performance• Preparing reports and projections based on this analysis• Evaluating current capital expenditures and depreciation• Exploring investment opportunities• Establishing and evaluating profit plans• Identifying trends in financial performance and providing recommendations for improvement• Coordinating with other members of the finance team to review financial information and forecasts• Providing financial models and forecasting• To be responsible for the management, consolidation, and review of the weekly cash forecast.• Working with finance staff at reporting entities to ensure accurate and timely submission of cash forecasts.• Supporting senior management in decision making with facts & figures.• Identify opportunities to improve and optimize reporting processes.• Tracking of Management cash initiatives and their achievements. Show less Develop and maintain the cost accounting system, documents, and records of the organization.Analyze and recommend costs and cost savings.Prepare and complete internal cost audits.Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.Analyze the data collected and log a detailed record of the results.Analyze any changes in goods or services provided in order to determine what effect it has on the cost.Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.Make estimates of new and proposed product costs.Provide management with reports that specify and compare factors that affect prices and profitability of products or services.Assist in audits and general ledger preparation.Conduct physical inventories and monitor the cycle count program. Show less

  • Financial Analyst

    Jun 2020 - Jan 2022

  • Cost Accountant

    Jun 2019 - Jun 2020
• 

  Radwan Allam Chartered Accountant

  Feb 2022 - Mar 2023

  Audit Manager

  Protects assets by ensuring compliance with internal control procedures and regulations.Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.Verifies assets and liabilities by comparing items to documentation.Completes audit workpapers by documenting audit tests and findings.Appraises adequacy of internal control systems by completing audit questionnaires.Maintains internal control systems by updating audit programs and questionnaires, and recommending new policies and procedures.Communicates audit findings by preparing a final report and discussing findings with auditees.Complies with federal, state, and local security legal requirements by studying existing and new security legislation, enforcing adherence to requirements, and advising management on needed actions.Prepares special audit and control reports by collecting, analyzing, and summarizing operating information and trends.Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications and content, and participating in professional societies Show less

• 

  Sec Gulf Security

  Apr 2023 - now

  Finance Manager

  1. Post and reconcile financial transactions according to company policies and regulations as well as accounting standards.2. Perform month-end accounting activities such as reconciliations and closing entries.3. Aid in the data migration of the new accounting system including reconciliation and reports testing.4. Coordinate with the finance team to complete assigned accounting or administrative tasks within deadlines.5. Perform financial analysis and reporting to management as needed.6. Review and finalize VAT within the reportable period.7. Recommend positive changes to existing accounting & finance procedures.8. Assist in auditing activities by providing necessary information and preparing requested documentation.9. Perform daily accounting of cash flows in and out of the company regarding accounts receivable, investor equity, and expenses, among others.10. File daily, weekly, monthly, quarterly, trimester, and annual accounting reports regarding all transactions performed by the company.11. Report to management every day regarding the day’s accounting activities.12. Assisting with the creation and preparation of budgets for management review.Be responsible for keeping up-to-date with accounting laws and regulations.13. Deal with all matters pertaining to accounting and tax documentation.14. File VAT taxes for the company and Income taxes in UAE.15. Manage a small team of accountants and oversee their work.16. Train new accountants and take part in the hiring process when required.17. Collaborate with the finance department to share advice and updates on the company’s bookkeeping, and -seek advice on financial questions in return.18. Ensure balance sheets and bank statements are accurate and in line with the company’s records and the institutions it works with.19. Assist in crafting company reports on accounting matters. Show less