Basem Hassane

Experience

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  BUSINESS COMPANY

  Mar 2011 - Apr 2013

  Payroll Accountant

  Responsible for the preparation of salaries of over 200 employees. Ensure that all benefits as required by the Labor Law of Egyptian and as listed in the workers Collective Bargaining Agreement (CBA) is accorded to the employees (e.g. overtime pay, holiday pay, night shift differential, De minimis allowance and others).Computation and monitoring of all required deductions (e.g. Income Tax, Social Security Services dues, health insurance, Loan and others).Preparation of mandatory reports concerning employee salaries to Local and National Government Agencies Show less

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  FAHEM GROUP Contracting Company

  May 2013 - Jul 2014

  Accountant

  Preparing the cost breakdown structure and Target budgets for the projects. Control and monitor project total expenditure including verifying and checking of invoices and claimsfrom suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.Detailed Scrutiny and Analysis of the forecast at completion on monthly basis for variousprojects.Preparing project status reports based on Earned value analysis, including.Prepare Cost movement report for all projects - Monthly.Proactively and constantly partnering with the project engineers in tracking and analyzing the projectAttending project meetings and discussions with the Project site team and external clients.Prepare, Review and submission of Weekly/Monthly Cost Report to Management.Variance analysis.Highlighting and to raise early warning signals on the costs, profitability margins, and completionperiod etc., so as to track the Project margins and take necessary corrective actions.Site inspection of work done and material at site, Monitor monthly stock closure.Labour rate analysis. Monitoring Labour hours consumed against budgeted hours.Keeping the track various financials such as cash flow, contract value, claims status, billing information,receivables, liabilities, profitability.Reviewing and assisting in approving subcontractors invoices.Overall monitoring Project costing, and maintaining it with in the budget Show less

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  Chartered accountant office

  Nov 2014 - Dec 2015

  Audit Associate

  Perform walkthrough to understand the client's business processes and identify risk areas for audit emphasis.Test and evaluate effectiveness and efficiency of internal control policies and information system concerning the preparation of financial statement and recommend areas of improvement.Conduct substantive testing procedures for significant account balances and obtain reasonable assurance that management assertions related thereto are valid and appropriate. Identifies and records significant errors, deficiencies and other deviations from the standard, and then reports them to the audit supervisor.Involved in the preparation and overall review of the Financial Statements (Consolidated/Individual) and Notes to the Financial Statements in accordance with the International Standards on Auditing (ISA) and conclude on the reasonableness of financial reporting in compliance with International Financial Reporting Standards (IFRS).Prepare internal and external reportorial requirements that summarize the result of work performed and maintain well documented papers that support the conclusion made. Work closely with the audit team and client and effectively identify and resolve accounting and audit issues. Show less

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  Alfuad Exchange

  Jan 2016 - now

  Senior Accountant

  Handled tie up banks located inside and outside of UAE. Monitor sufficiency of account balances available to meet daily needs of the business. Follow up with banks for funds transferred,Performed daily bank reconciliation, recording of transactions. Handled Central Bank of the UAE funding and withdrawal system process, processing employees’ salaries as a cashier through central bank, making daily reconciliations for it .Handled inside exchanges and outside exchanges settlements, funds, follow- up deals with them, payment orders, check and coordinate daily rates of transfers and make daily reconciliationsHandled all general accounts (expenses, revenues, commissions, payables, receivables, suppliers, depreciations, .......) ., Handled (renewal of commercial licenses, renewal of rental contracts, renewal of residence and visas of immigration, resettlement and renewal of car and equipment licenses)Responsible for the monitoring and checking of Wages Protections System (WPS) reports, ensuring that correct fees were collected, execute funding, salary refund and reversal.Checking of Western Union transaction report, recording of transactions and adjustments for refund, cancellation, reinstatement and monitoring of amount due from or due to Western Union.Monitoring of rates used in buying and selling of foreign currencies. Ensuring the branches keep reasonable balances especially for highly volatile currencies.Handled non bank products of the company such as Xpress Money,Instant Cash, RIA and others.Monitoring of remittances of customers, Analysis of Cheques on hand, cash on hand Account, and other general accounts.Assist the financial management in preparing and Analysis and follow monthly reports and financial statements (general ledger, losses and profits statements, trial balance, income statements, balance sheet, cash flow statement) Training of new staff.Monitoring of trial balance of the audit daily and changes in accounts payable and receivable. Show less

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  MTN Group Rent A Car

  Nov 2021 - now

  Financial Reporting Manager

  Manage and oversee the daily operations of the accounting department including (month and end-year process, accounts payable/receivable, main cash and banks , general ledger, payroll and utilities, treasury, budgeting , revenue and expenditure variance analysis, capital assets reconciliations, trust account statement reconciliations, check runs, fixed asset activity ,debt activity)Monitor and analyze accounting data and produce financial reports or statements Establish and enforce proper accounting methods, policies and principles Coordinate and complete annual audits, Provide recommendations Improve systems and procedures and initiate corrective actions Assign projects and direct staff to ensure compliance and accuracy Meet financial accounting objectives Establish and maintain fiscal files and records to document transactions ACCA Certificates and manage all company VAT returns and Corporate Taxes Banking relations and bank account maintains & amp; Bank documents compliance Monitor and making VATs returns and Corporate Tax reportsPreparing monthly, yearly financial reports and the future financial vision for the following year Show less