Haitham Arafa, MBA

Experience

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  Orascom Development Holding

  Oct 2000 - Apr 2014

  Managed all aspects of financial transactions, from collections and supplier dealings to reconciling accounts payable and receivable, ensuring meticulous financial control for all projects inside and outside Egypt.- Worked closely with the CRM and sales teams, addressing customer requests promptly and effectively, contributing to enhanced customer satisfaction and retention.- Successfully negotiated payments and settlements with high-risk clients/debtors, consistently exceeding team targets and improving cash flow.- Proactively identified and resolved issues impacting non-payment of invoices, minimizing financial disruptions.- Handled supplier relations and payment processing in alignment with payment terms and supplier agreements, ensuring smooth operations.- Managed receivables and payables during key real estate events, exhibitions, and project launches, supporting the company's growth and expansion.- Prepared and delivered monthly statements of accounts to clients, providing clear visibility into outstanding balances and financial health.- Ensured compliance with financial policies and regulations, conducted financial audits, and prioritized data confidentiality and backup procedures, contributing to financial integrity and security.- Handling legal cases with the legal department and problematic clients for case closure. Show less - Managed end-to-end collections processes for all services, ensuring timely payments and financial stability.- Prepared and distributed statements of account to clients, maintaining transparent and consistent communication.- Efficient Financial Data Management: Conducted data entry for all payments using the Comsys Financial system, ensuring accurate and up-to-date financial records.- Provided essential training to the collection team, enhancing their customer service skills and knowledge, resulting in improved customer relations.- Supported senior management by delivering specialized reports, offering insights and data for informed decision-making.- Supervised a team of collection agents and customer service agents, ensuring high-quality service delivery and strict adherence to company policies and procedures.- Prepared and reviewed monthly property management reports, contributing to informed property management decisions.- Successfully handled audit requirements, ensuring compliance with financial regulations and internal controls.- Effectively managed and coordinated the team, ensuring all responsibilities were carried out efficiently and effectively. Show less

  • General Accounting (Receivables, Payables, Collection).– Financial Department – Real Estate sector

    Feb 2006 - Apr 2014

  • Team leader collections & Customer Accounts - Operation Department – El Gouna

    Oct 2000 - Feb 2006
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  Soma Bay Development Company

  Apr 2015 - Jun 2019

  Account Receivable & Collection Manager

  - Effectively managed a Receivable and collection team to ensure timely collection of payment plans, cash, and transfer transactions.- Reviewed and approved accounting entries and documents, guaranteeing accuracy and compliance.- Implemented strategies that improved cash flow, reduced delinquency rates, and enhanced customer satisfaction.- Conducted customer risk assessments and established policies to limit risk exposure with specific clients.- Successfully negotiated payment programs, including early settlement discounts, and collected payments from clients.- Provided essential training to the accounts receivable team, enhancing their customer service skills.- Developed customized payment plans upon request from the sales team, aligning with company policies.- Compiled and presented monthly, quarterly, and annual reports, including aging reports for real estate clients.- Maintained the company's prestige, reputation, and customer relations.- Collaborated with the Collection Committee to implement decisions and streamline collections processes.- Supported top management with specialized reports and insights to aid decision-making.- Prepare and review monthly bank reconciliation and reporting statements and coordinate collection and follow-up with bank for corporate accounting.- Responsible for determining the cash discount for the early settlement according to the NPV calculation and negotiated and collected from clients.Co-operating with the legal department to take legal action with disputes clients. Show less

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  Al Ahly For Real Estate Development

  Jul 2019 - Dec 2019

  Manger of Collections

  - Reduced delinquency rates significantly, improving cash flow and financial stability.- Implemented innovative collections strategies, resulting in a substantial increase in collections efficiency and profitability.- Led and cultivated a high-performance team, increasing team productivity and outcomes.- Developed and implemented streamlined collections processes, reducing operational costs.- Introduced automated reporting and analytics tools for data-driven decision-making.- Effectively resolved complex customer issues and disputes, preserving valuable client relationships and enhancing satisfaction.- Improved cross-functional collaboration for faster dispute resolution and superior customer service.- Demonstrated strong leadership and team development skills, consistently exceeding targets.- Ensured regulatory compliance, maintaining adherence to relevant laws and regulations.- Fostered a culture of continuous learning and professional growth through regular training sessions.- I organized regular training to improve the team's knowledge and skills in customer service and collections. Show less

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  Freelance

  Jan 2021 - Dec 2023

  Accounting Manager

  - Proficiently oversee financial portfolios for individuals and businesses, across both local and international landscapes, encompassing Egypt, the Gulf region, and the United States, with a focus on real estate asset management.- Expand client portfolio to encompass a diverse range of clients from different geographical locations, enhancing the firm's global presence.- Demonstrate expertise in navigating complex financial systems and regulations across multiple jurisdictions, including Egypt, the Gulf region, and the United States.- Implement strategic financial planning and tax optimization strategies, resulting in substantial cost savings and financial benefits for clients.- Foster strong client relationships, earning a reputation for trustworthiness and reliability in managing their financial matters.- Stay updated with evolving financial laws and regulations in various regions, ensuring clients' compliance and mitigating potential risks.- Oversee cross-border transactions and investments, facilitating business expansion and wealth preservation for clients.- Utilize advanced financial software and tools to streamline accounting processes and enhance operational efficiency.- Collaborate with a global network of legal and financial experts to provide comprehensive solutions for clients' diverse financial needs.- Contribute significantly to the financial success and growth of clients' businesses in Egypt and international markets, including the Gulf region and the United States. Show less

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  The Egyptian Financial Company for Sovereign Taskeek

  Dec 2023 - Mar 2024

  Accounting Manager | The Egyptian Financial Company for Sovereign Taskeek

  -Led daily accounting operations, overseeing transaction recording and journal entry preparation to ensure accurate and timely financial reporting.-Ensured the precision and integrity of financial data, strictly adhering to Egyptian and international accounting standards.-Generated comprehensive financial statements, including income statements, balance sheets, and cash flow reports, for regular review by senior management.- Delivered clear, accurate financial reports, enabling informed decision-making and driving financial strategy.-Ensured compliance with all relevant regulations and legal frameworks governing sovereign Sukuk, mitigating risks and maintaining regulatory integrity.- Managed and optimized ERP systems, improving the efficiency and accuracy of accounting processes and financial reporting.- Championed the integration of innovative technological solutions to streamline accounting workflows and enhance data management.- Collaborated with the board of directors to design and implement a robust management system, contributing to strategic planning . Show less

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  Juzur Developments

  May 2024 - Aug 2024

  Accounting Manager | Juzur Developments

  -Directed the execution of financial transactions in full alignment with company policies and regulatory standards, ensuring robust internal controls and compliance.-Conducted in-depth financial analyses of real estate project performance, providing key insights and strategic recommendations to drive business growth.-Ensured full adherence to local and international financial regulations, safeguarding the company’s financial standing in the real estate sector.-Prepared detailed financial reports and analyses, empowering senior management to make informed, data-driven decisions to support organizational objectives.-Spearheaded the implementation of an ERP system, collaborating across departments to enhance operational efficiency and integrate financial management processes.-Led the training and development of the accounting team, fostering a culture of continuous improvement and ensuring streamlined, efficient accounting operations. Show less

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  EQI KSA

  Oct 2024 - now

  Financial Manager | EQI KSA

  -Lead comprehensive financial analysis to assess the company's current financial position, recommending improvements to optimize financial health.-Develop and manage the annual budget, ensuring alignment with organizational goals and monitoring progress throughout the year.-Oversee the tracking and reconciliation of expenditures and revenues, ensuring strict adherence to budget allocations.-Prepare and present detailed financial reports to senior management, highlighting key trends, risks, and financial performance.-Monitor cash flows to maintain financial stability, taking proactive measures to mitigate risks and ensure liquidity.-Ensure full compliance with Saudi Arabian financial regulations, tax laws, and industry standards (SOCPA & IFRS).-Prepare and submit timely tax returns, managing all communications with regulatory authorities to ensure compliance.-Collaborate with senior leadership, including the Managing Director, to align financial strategies with the company's broader business objectives.-Closely monitor project budgets, identifying cost overruns and recommending corrective actions to maintain financial control.-Analyze project profitability and provide actionable insights to improve financial outcomes.-Utilize ERP systems to streamline financial processes and optimize financial decision-making.-Supervise all financial operations, including purchases, disbursements, payroll, and expenses, ensuring efficient use of resources.-Conduct advanced financial analyses to assess the current and future financial health of the organization, supporting long-term strategic planning.-Prepare regular financial updates for top management, ensuring informed decision-making across the organization. Show less