Mostafa Farghaly Abbas, DBA, MBA, CMA®, FMVA®

Experience

• 

  El Shaarani Group

  Jun 2006 - Jul 2013

  -Responsible for preparing the annual Budget and Sales Forecast and also the Periodic Latest Estimate for the financial figures.-Responsible for preparing the annual OpeEx budget.-Responsible for preparing the annual pro forma income statement.-Responsible for preparing monthly and annual cash budget to face cash flow tightness.-Responsible for preparing the annual Pro forma Balance Sheet.-Preparing the Monthly Sales & Expenses Reports, and analyzing all of them and supporting taking action about their results.-Responsible for preparing financial report monthly and annual (Common size analysis & Ratio).-Responsible for preparing analysis variance monthly and annual between actual and budget to take corrective action.-Creating Specialized Analysis Models in order to control and enhance both of Sales & Profits Performance.-Responsible for preparing the cost reduction projects; ideas and calculations. Show less -Assuring that the billing system is accurate and up to date.-Measure Recognizing receivables, tracing allocations over customers.-Assuring that the sales tax report is prepared accurately.-Assuring quality of receivables’ reports i.e. aging report, customers’ balances report.-Controlling the receivables part of cash conversion cycle, and holding daily sales outstanding within the healthy range.-Contributing to the annual budget preparation, especially the cash-in forecast and monthly receivables’ balances.-Preparing the monthly sales analysis reports classified by customers, products and geographical areas.-Preparing the sales and collection commission proposal quarterly.-Preparing customized reports to help top management in the decision making process.-Selecting and training junior accountants. Show less Payable Responsibilities :- Preparing for the cost of procurement of foreign shipments from abroad. -Constraints for the preparation of the daily costs of offshore procurement and restrictions of these purchases benefit.-Registration and follow-up of all movements Inventory (In slip, out slip, discards the addition, Exchange slip) in the computer system (Oracle Database).-Preparing a report for the cost of goods sold for each invoice for the preparation of the report of the total cost of the bill.-Identical stock Installer inventory balances on the computer system.Receivable Responsibilities :- -Preparing the billing system is accurate and up to date.-Recognizing receivables, tracing allocations over customers.-Conducting the sales tax report is prepared accurately.-Conducting the receivables part of cash conversion cycle, and holding daily sales outstanding within the healthy range.-Preparing the sales and collection commission proposal quarterly. Show less

  • Senior Financial Analyst

    Jan 2012 - Jul 2013

  • A/R Section Head

    Jan 2011 - Dec 2011

  • Senior A/R accountant

    Jan 2009 - Dec 2010

  • Senior Payable Accountant

    Jan 2007 - Dec 2008

  • Payable & Receivable Accountant

    Jun 2006 - Dec 2006
• 

  Surgitech for medical supply, El Shaarani Group

  Aug 2013 - Jan 2024

  - Manage day-to-day accounting operations and ensure that there is a redundant process backup in place for every critical operation.- Ensure an accurate and timely monthly and year-end close.- Responsible for All Tax examinations (VAT, Income Tax, and Corporate Tax).- Responsible for preparing Performance Analysis for All Company (Monthly/ Annually).- Responsible for preparing Cost Analysis with special projects and workflow process improvements.- Prepare Financial statements (B/S & I/S & Cash flow Statement) monthly.- Prepare Consolidated Financial Statement.- Prepare Financial Analysis (Common size analysis & Ratio) monthly.- Prepare analysis for all expenses related to Cost Reduction Plan.- Responds to inquiries from the General Manage, the Group CFO, and other managers regarding financial results, special reporting requests, and the like.- Responsible for preparing Performance Analysis for Each Territories & Products (Responsibility Accounting).- Responsible for preparing the annual Budget.- Responsible for preparing monthly and annually variance analysis between actual and budget to take corrective action.- Responsible for Working with auditor to ensure a clean and timely year-end audit.- Responsible for the Development and Implementation of new procedures and features to enhance the workflow of the department.- Provide training to new and existing staff as needed.- Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.- Reviewing the e-invoices submitted on the tax portal and to make sure all our invoices is submitted on the tax portal.- Managing stocks physical count of all our warehouses. Show less - Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.- Ensure an accurate and timely monthly and year end close.- Ensure the timely reporting of all monthly financial information.- Assist the Controller in the daily requirements.- Ensure the accurate and timely processing of positive pay transactions.- Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.- Support budget and forecasting activities.- Develop and implement policies and procedures with emphasis on internal controls- Ensure Risk Management procedures based on the Group Risk Management policies- Collaborate with the other department managers to support overall department goals and objectives.- Monitor and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.- Advise staff regarding the handling of non-routine reporting transactions.- Responds to inquiries from the General Manager, the Group CFO and Accounting Manager, Group Controller and other managers regarding financial results, special reporting requests and the like.- Supervise the group general ledger to ensure all financial reporting deadlines are met.- Provide training to new and existing staff as needed.- Work to establish goals and objectives of each year and monitor and advise on the progress to enhance the professional development of staff.- Support Cost Analysis with special projects and workflow process improvements.- Prepare Financial Statement (B/S & I/S & Cash flow Statement) monthly.- Prepare Consolidated Financial Statement.- Prepare Financial Analysis (Common size analysis & Ratio) monthly.- Prepare analysis for all expenses related to Cost Reduction Plan. Show less

  • Financial Controller

    Sept 2017 - Jan 2024

  • Chief Accountant

    Aug 2013 - Aug 2017
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  SQUARE Engineering Firm

  Feb 2024 - now

  Financial Controller Manager