Hossam Soltan

Experience

• 

  Technical Company For Trading

  Jul 2005 - Jun 2006

  Junior Accountant
• 

  Bobinagco Copper Insulated Cables

  Oct 2006 - Jul 2008

  Senior Accountant
• 

  Al Nawras safety & Security Sys

  Jul 2008 - Nov 2012

  Chief Accountant

  Responsible For All Company Transaction Up To FinalizationPreparing Year End Financial Statements: Income Statement. Trial Balance. Balance Sheet. Cash Flow Statement.Preparing Monthly Reports: Accounts Receivable Statement and Aging Report. Accounts Payable Statement and Aging Report. Bank Status and Reconciliation. Projected and Actual Cash flow Statement. Obligation Report. Payrolls and Calculating End of Service and vacation leave in Accordance With Laws of Minister of Labors.Variance Analysis for Projects: Comparing Actual Results with Budgeted results for Completed Projects with Needed Feed back to Evaluate Performance related to: Labor Hour Charges, Materials Costing. Responsible For Cash Collection and Managing Cash Status in the Company (Surplus & Deficit).Responsible For Controlling All Company’s Accounting Cycle: Cash Cycle, Purchasing Cycle, and Inventory Cycle.Break Even Point (BEP) Analysis: Fixed Cost and Variable Cost Analysis with Predictable Scenarios. Contribution Margin Analysis for Various Activities. Calculating the Targeted Revenue to Cover the Fixed Cost.Budgeting & Forecasting: Participating in preparing the financial Budget for the Company.Cost Controller: Controlling all the Costs of the Company. Cost Reduction Plans & Options. Show less

• 

  Ouais Group Engineering & Contracting (OGEC)

  Sept 2012 - Dec 2013

  Management Reporting Officer

  Corporate Profile: A leading Multinational private sector engineering, procurement and contracting (EPC) company with annual turnover 65 Million Euro , offering development services for oil and gas pipeline, gathering stations, compressor stations, terminal, tank farms, gas plants, refineries, and other surface facilities; since 1979 the contractor of choice for worldwide oil and gas companies executing projects in the Middle East region such as Saipem, SNC-Lavalin, Kvaerner, Stroyransgas etc.Job Title:Management Reporting Officer.Reporting to: HOD, Fin. & VP, Fin. (H.O.), assisted by 3 subordinates.Deliverables/ Contributions:- Preparing management reports, implementing Oracle, general accounting, reconciliation, tax package and coordinating between Dubai & other offices.- Developing new reporting formats & documents for improving management reporting process.- Following up with branches for timely monthly accounting reports; supporting branches as required. - Assisting Oracle implementation team by providing required accounts & finance data for migration.- Pivoting for processing payroll with Wage Protection System (WPS) with Citidirect online system; coordinating with Citibank representative for smooth and timely release of salaries.- Conducting regular bank reconciliation.- Preparing monthly cost and age analysis reports as required.- Preparing financial reports in Accordance with GAAP and IFRSfor Dubai office; consolidating with other branches.- Participating in the End of Year Audit Engagement Procedures & Process with Ernst & Young from Beginning to the End, with all needed break downs and analysis.- Oracle ERP System with Implementation. Show less

• 

  Sembcorp Gulf O & M Co ltd

  Dec 2013 - Dec 2017

  Senior Accountant

  Deliverables/ Contributions:• Handling Petty Cash and disburse the amount as per SGOMC policy and passing entries into SAP immediately.• AR. AP, and GL Entries • Preparing End of Month closing entries.• Preparing Expense accruals for plant spares from Procurement Dept.• Monthly bank reconciliation.• Monitoring staff advances and advance payment to suppliers.• Fixed assets additions, disposal, depreciation and verification • Matching IGRN & Invoices.• Booking supplier invoices on SAP.• Fixed asset handling and depreciation run on SAP.• Creating vendor master data for suppliers on SAP. Show less

• 

  Sembcorp Gulf O&M Co ltd

  Jan 2018 - Jan 2021

  Chief Accountant

  - Managed all accounting operations including Billing, A/R, A/P, GL control, Cost Accounting, Inventory Accounting and Revenue Recognition, accounts consolidation and periodic reconciliations as applicable;- Monitored, recommend and implement detailed process controls for all aspects of A/R, A/P, GL, etc- Ensured robust quality control over financial transactions and financial reporting, monthly and periodic close process- Developed and document business processes and accounting policies to maintain and strengthen internal controls- Managed banking operations and related cash flow monitoring- Liaised with IT on implementation and enhancement of existing IT systems for efficient and accurate financial and management reporting;- Liaised with various departments, mainly operation and maintenance team to monitor accurate cost capturing and feasibilities for all projects- Implemented budgetary process by establishing detailed budget schedules; collecting, analysing, and consolidating budget data.- Coordinated with external and internal auditors to ensure that audits and reviews are carried out effectively and all audit / review comments are discussed and appropriately closed.- Managed a team of 3 accountants/senior accountants Show less

• 

  Khorfakkan sports & cultural club

  Aug 2021 - Dec 2021

  Chief Accountant
• 

  F3 O&M Company Ltd

  Jan 2022 - Jun 2023

  Chief Accountant

  The Fujairah F3 is a 2.4GW gas-fired combined-cycle power plant being developed within the Fujairah water and electricity complex at Ras Al Qidfa, Al-Fujairah, United Arab Emirates (UAE).It is being developed as an integrated power producer (IPP) project by F3 Holding Company, which is a consortium formed by Abu Dhabi Power Corporation (ADPower, 60%) and Japan’s Marubeni Corporation (40%) in February 2020.

• 

  Dubai Airports

  Jun 2023 - now

  Financial systems and performance analyst