Mahmoud Elsawy

Experience

• 

  International Group for Modern Coatings (Midoco)

  Jul 2005 - Dec 2007

  Accountant
• 

  Alhammadi company for development and investment

  Jan 2008 - Dec 2020

  Senior Accountant
• 

  Alhammadi Holding company

  Jan 2021 - Dec 2022

  General Ledger Supervisor

  -

• 

  Alhammadi Holding company

  Jan 2023 - now

  Chief Accountant at Alhammadi Holding company

  Oversee day-to-day accounting operations, ensuring accuracy and adherence to financial regulations, GAAP/IFRS standards, and company policies.Manage accounts payable and receivable functions, including timely invoice processing, payment schedules, and A/R aging reports.Perform account reconciliations, maintaining GL vs. sub-ledger integrity.Prepare and deliver financial reports and analyses to management and stakeholders, supporting informed decision-making.Collaborate with cross-functional teams to provide financial insights and support for projects and initiatives.Lead month-end and year-end closing processes, ensuring accurate recording and reconciliation of all financial transactions.Prepare journal entries, review accruals, and perform financial analysis to validate financial statements.Manage the entire accounting cycle (record to report) for the company.Team Leadership & Development:Supervise and mentor a team of accountants, providing guidance, training, and support in daily tasks and professional development.Foster a collaborative and high-performance work environment.Financial Reporting & Compliance:Prepare accurate and timely financial reports (income statements, balance sheets, cash flow statements, etc.).Ensure compliance with accounting standards and company policies.Automate and manage various aspects of reporting (weekly/daily operational reporting) for alignment and consistency.Assist with monthly analysis of KPIs (contribution margin, breakeven analysis, cost-volume-profit analysis).Maintain accurate fixed asset and other financial registries.Budgeting & Forecasting:Participate in the development of annual budgets and quarterly forecasts, collaborating with department heads.Monitor budget/forecast performance, identify variances, and recommend corrective actions.Compliance & Audit:Ensure adherence to tax regulations, accounting standards, and other financial laws. Show less