Doha Qatar
Chief Accountant
Doha,DA
Summary
Islam Magdy Youssef Chief Accountant CMA Holder with 14 years corporate finance experience in trading and constructions Companies in all aspect of accounts from day to day operations till finalizing FS. Able to set up complete Chart of accounts, strong understand of interdependence between financial statements with strong analytical skills in balance sheet, P&L analysis, Producing MIS Reports. Well Management of Cash, Account receivable, Inventory and monitoring the efficiency of fixed assets, Producing Budgets and Forecasts. Highly organized and articulate; able to achieve results in a timely manner. Proficient in using Microsoft Excel, and many accounting and finance programs (Tally, SAP).
Overview
2
2
Languages
1
1
Certification
12
12
years of professional experience
Work History
Chief Accountant
Primeline Transportation and Contracting & Specialist Trading,
Doha, Qatar
01.2021 - Current
- Company Profile Primeline Transportation & Contracting Company, established in the Year 2015, is a 100% Qatari owned company.
- Our main business areas are in Earthworks (Demolition, Land Clearing, levelling, excavation), Transportation of excavated soil, Transportation & Disposal of Hazardous, Non-Hazardous and Domestic Waste and Maintenance services.
- We have a fleet of Tipper Trailers, Dump Trucks, Excavators, Wheel Loaders, Graders, Rollers, Vacuum Tankers, Skip Loaders and other kinds of vehicles & equipment.
- Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
- Managing Trade finance transaction including LG & LC and negotiating Facility with banks.
- Management of Accounts receivable, Cash, Inventory and monitor Efficiency of fixed Assets.
- Performing Capital budget for different potential investments.
- Oversee financial department employees, including financial assistants and accountants.
- Contract outside services for, auditing, banking, investments, and other financial needs as necessary.
- Track the company's financial status and performance to identify areas for potential improvement.
- Seek out methods for minimizing financial risk to the company.
- Recognizing Revenue based on Percentage of Completion.
- Research and analyze financial reports.
- Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
- Review financial data and prepare monthly and annual reports.
- Present financial reports to board members, stakeholders, executives, and clients in formal meetings.
- Establish and maintain financial policies and procedures for the company.
- Understand and adhere to financial regulations and legislation.
- Collating, preparing and interpreting reports, budgets, accounts, commentaries and financial statements.
- Producing long-term business plans.
- Undertaking research into pricing, competitors and factors affecting performance.
- Controlling income, cash flow and expenditure.
- Formulating and managing budgets.
- Assist the management in any finance-related task assigned when deemed necessary.
- Able to do the daily operation decision making.
- Liaise with the external parties such as the banks, audit firms, consultants.
Chief Accountant
Al Hodaifi Rocks/Advance Heavy Rocks
Doha, Qatar
06.2017 - 10.2020
- Company Profile Al-Hodaifi Rocks/ has become one of the main cornerstones of the ongoing construction boom in the State of Qatar.
- Renowned in the Qatari market for quality, reliability and efficiency, Al-Hodaifi Rocks provides comprehensive solutions for the import, transport, storage and delivery of vital raw materials in the country.
- Established in 2006, Al-Hodaifi Rocks embarked on several prominent civil construction projects in Qatar, contributing to the rapid economic progress of the country and the government sector.
- The company quickly established itself as one of the pioneers in its domain, supplying material for many prestigious contractors in Qatar in the public and private sectors, notably the main Asphalt Plants, Ready Mix concrete plants, and several other institutions.
- Al-Hodaifi Rocks has vast experience in the trading, transportation and distribution of construction material.
- Having a skillful manpower as one of its main assets, Al Hodaifi Rocks possesses the know-how and expertise to lead the market for years to come.
- DUTIES AND RESPONSIBILITIES INCLUDE.
- Review and verify invoices and check requests.
- Set invoices up for payment and enter and upload invoices into system.
- Reconcile accounts payable transactions.
- Using Different Inventory Cost Flow Methods.
- Monthly Closing, accounts balances reconciliation to verify that all transactions for the period are recorded in the correct accounts and in the correct amounts, finalizing accrual entries& Amortization of Prepaid expenses.
- Summarizes current financial status; preparing, profit and loss statement, analyzing breakeven point for product mix.
- Using Variable Costing Technique & Contribution Margin Approach for Better Decision Making.
- Manages the process of ensuring that Accounts Payable and Accounts Receivable monthly transactions are accurately transferred to the General Ledger and transactions reconciled.
- Direct internal and external audits to ensure compliance.
- Plan, assign and review staff’s work.
- Ability to meet communicated schedules and deadlines.
- Ensure that fixed assets are recorded, recognized, re-valued, depreciated, capitalized and disposed of in accordance with International Financial reporting Standards ('IFRS') as an off-Balance Sheet item.
- Ensure the efficient management of company’s bank accounts.
- Perform day-to-day trade finance activities, including issuance of letters of credit (import and export) and bank guarantees.
- Determine daily cash position of all bank accounts and initiate bank borrowings and/or investment and funds transfer activities.
- Manage movement of funds between inter divisions in order to fulfill short term cash flows requirements.
- Ensure financial position of the company is well calculated & daily report to the management.
- Review all inter-company transactions.
- Prepare the payroll for staff, leave pay, ESOB.
Senior Accounting Officer
SMEET W.L.L
Doha, Qatar
05.2015 - 05.2017
- Company Profile SMEET was established in 2010 by Qatari Diar Real Estate Investment Company, Barwa Real Estate Company & the First Investor.
- It is a leading producer of building materials within the MENA region, Precast Contractor and Ready-Mix Concrete Supplier.
- SMEET Precast is the largest & the most advanced single factory in the MENA region located at Mesaieed Industrial City & covering a massive area of 300,000 square meters and is currently operational to fulfill the requirements of building materials for the fast-growing Qatari construction market.
- SMEET Ready Mix Concrete division is currently operational with production facilities at Industrial Area, Lusail.
- Overview Support the accounting functions of the department regarding GL, fixed assets register, and treasury management.
- DUTIES AND RESPONSIBILITIES INCLUDE.
- Review and verify invoices and check requests.
- Set invoices up for payment and enter and upload invoices into system.
- Reconcile accounts payable transactions.
- Summarizes current financial status; preparing, profit and loss statement, and other reports.
- Correspondent with vendor and respond inquiries.
- Manages the process of ensuring that Accounts Payable and Accounts Receivable monthly transactions are accurately transferred to the General Ledger and transactions reconciled.
- Direct internal and external audits to ensure compliance.
- Plan, assign and review staff’s work.
- Ability to meet communicated schedules and deadlines.
- Ensure that fixed assets are recorded, recognized, re-valued, depreciated, capitalized and disposed of in accordance with International Financial reporting Standards ('IFRS') as an off-Balance Sheet item.
- Ensure the efficient management of company’s bank accounts.
- Perform day-to-day trade finance activities, including issuance of letters of credit (import and export) and bank guarantees.
- Determine daily cash position of all bank accounts and initiate bank borrowings and/or investment and funds transfer activities.
- Manage movement of funds between inter divisions in order to fulfill short term cash flows requirements.
- Ensure financial position of the company is well calculated & daily report to the management.
- Review all inter-company transactions.
- Prepare the payroll for staff, leave pay, ESOB.
Senior Accountant
Alexandria, Egypt
06.2012 - 05.2015
- Ship& Crew for stevedoring & container services, Ship & Crew began in January 1993 when it was incorporated under the rules and laws of Egypt.
- It started as a Stevedoring services based on Alexandria.
- Since its inception, Ship& Crew has become one of the leading on stevedoring services, then the services extended for container maintenance & cleaning, it grows vastly to cover all ports in Egypt Overview Managing Cash position to meet short- & long-term obligations DUTIES AND RESPONSIBILITIES INCLUDE.
- Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information.
- Fixed asset processing and reporting.
- Maintain bank accounts by requesting disbursements.
- Monitor reserve accounts and short-term fund investments.
- Auditing and verifying documents.
- Financial and profitability analysis on a requested basis.
- Make to provide Project Director with reviews and analysis of the Contracts/Subcontracts financial data.
- Planning, assigning, and directing work.
Senior Accountant
Andalusia Hospitality
Alexandria, Egypt
01.2011 - 03.2012
- Company profile Andalusia Group is a Holding Company specialized in Hospital management.
- The group was founded in 1984, with a single Hospital in Jeddah, KSA, and grown over 30 years to own and manage several primary and secondary healthcare facilities spread geographically across both Saudi Arabia and Egypt, providing facilities ranging from general hospitals, dental centers, polyclinics and supporting services units.
- Overview Managing Cash position to meet short & long term obligations DUTIES AND RESPONSIBILITIES INCLUDE.
- Conduct monthly and quarterly account reconciliations to ensure accurate reporting.
- Review all inter-company transactions.
- Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
- Assisting with financial and tax audits.
- Review Creditors and Vendors accounts.
- Maintain bank accounts by requesting disbursements.
Junior Accountant
Rival Pharm
08.2008 - 12.2010
- Contribute to the overall efficient operation of the department and help the company be fully aware of its financial condition DUTIES AND RESPONSIBILITIES INCLUDE.
- Posting and processing journal entries to ensure all business transactions are recorded.
- Updating accounts receivable and issue invoices.
- Assist with reviewing of expenses, payroll records etc.
- As assigned.
- Assist senior accountants in the preparation of monthly/yearly closings.
Education
Certified Management Accountant (CMA -
Bachelor of Commerce - Accounting
Alexandria University
Skills
Annual budget preparation
undefinedAccomplishments
*Increasing Profits by 10 % by applying Break even analysis of product mix
*Cost Cutting 7 % by removing non added value activities
Certification
Certified Management Accountant
Timeline
Certified Management Accountant
04-2021
Chief Accountant
Primeline Transportation and Contracting & Specialist Trading,
01.2021 - Current
Chief Accountant
Al Hodaifi Rocks/Advance Heavy Rocks
06.2017 - 10.2020
Senior Accounting Officer
SMEET W.L.L
05.2015 - 05.2017
Senior Accountant
06.2012 - 05.2015
Senior Accountant
Andalusia Hospitality
01.2011 - 03.2012
Junior Accountant
Rival Pharm
08.2008 - 12.2010
Bachelor of Commerce - Accounting
Alexandria University
Certified Management Accountant (CMA -
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