Mohamed Aboulfotouh

Experience

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  Tarik Shalaby

  Jun 2006 - Jan 2008

  Junior Auditor
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  OFC Yasser Ahmed Ibrahim

  Jan 2008 - Jan 2013

  Audit Supervisor

  - Understanding client's business cycles and processes.- Establishing the key audit objectives with appropriate Risk of Significant Misstatement in coordinationwith the Audit Director .- Ensure compliance with the audit, accounting, financial reporting standards, and regulatory requirements.- Understanding of the entity's internal controls and its operating effectiveness to assess the internalcontrol risks relevant to the entity's preparation of the financial statements.- Perform examination of financial statements, financial analyzing and other agreed upon procedureswith the clients for a variety of industries.- Assist clients in compliance with IFRS, EASS as well as applicable laws/regulations.- Preparation of Management Letters & Auditing Reports pertaining to the financial statements.- Performing the analytical procedures during the planning.- Responsible for leading the auditing team during fieldwork.- Negotiating weakness points resulting with the top management.- Reporting the auditing results to the direct partner. Show less

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  Al Watania Steel for Sections

  Mar 2014 - Mar 2017

  Chief Accountant

  - Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc - Responsible for day to day finance and accounts operations - Perform full set of accounts and ensure timely closing of accounts.- Perform project cost forecasts/budgets, cost tracking, monitoring and controls. - Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting.- Review & approve payment vouchers & journal entries.- Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis. - Issue project cost reports for review and approval.- Develop and maintain internal control and effective accounting system and policies for the set up.- Support CFO in ensuring that inter-company cost allocations are in line with management agreements and transfer pricing policy.- Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns.- Work consultative with the respective departments on cost reduction initiatives. Show less

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  El Marakby Steel

  Jan 2017 - Feb 2021

  Internal Audit Supervisor

  - Participate in preparing the annual audit plan and other plans to be submitted to the internal audit manager for review, based on the risk assessment conducted in his area of responsibility. - Implementing the internal audit systems of the group under the supervision of the Director of the Internal Audit Department. - Conducts regular and periodic reviews of various activities and reports results and recommendations to the Director of the Department. - Prepare initial reports for risk-based review.- Conducting periodic and sudden inventories of assets and submitting a report to the Director of the Audit Department to make sure after review that there are no errors in the operations that have been entered and migrated, whether they have a significant impact or not in the group, and raise them to the line manager with errors, if any. - Maintains the implementation of policies and procedures and reviews them to ensure it is kept up with all required legislation and best practices. - It follows the audit programs of the review obtained by the Group's internal audit. - Participates in discussing the draft audit reports with the internal director and documenting the managers ’amendments to the report. The report has been amended with these amendments and recommendations. Show less

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  Blue Gulf Company For Touristic Investment

  Feb 2021 - May 2023

  Finance Manager

  - Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.- Advise on investment activities and provide strategies that the company should take maintain the financial health of the organization.- Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.- Develop trends and projections for the firm’s finances.- Conduct reviews and evaluations for cost-reduction opportunities.- Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.- Manage the preparation of the company’s budget.- Liaise with auditors to ensure appropriate monitoring of company finances is maintained.- Correspond with various other departments, discussing company plans and agreeing on future paths to be taken. Show less

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  Suez Steel Company

  May 2023 - now

  Head of Unit