Essam Elsaify
Abu Dhabi
Summary
Experienced finance manager with 18+ years of expertise in overseeing transactions and reconciling monthly financial reports. Known for a business-minded approach, with a track record of effectively training and coaching staff members to foster a highly collaborative work environment. Valued for confidence, team contribution, and decision-making skills.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Finance Manager
Al Dhafra Co- operative Society
05.2017 - Current
- Financial Performance Analysis: Analyzed monthly, quarterly, and annual financial data to evaluate the company's financial performance and identify areas for strategic improvement
- Cost and Profitability Optimization: Conducted detailed cost and profitability analyses, developing data-driven recommendations to enhance financial efficiency and maximize profitability
- IFRS Compliance & Financial Reporting: Utilized financial software to prepare accurate and timely consolidated financial statements in compliance with International Financial Reporting Standards (IFRS)
- Tax Management & Compliance: Managed and oversaw all tax-related activities, ensuring strict adherence to local and international tax regulations and minimizing financial risk
- Stakeholder Relationship Management: Cultivated and maintained strong relationships with banks and legal advisors to ensure seamless and efficient legal and financial procedures
- KPI Enhancement & Collaboration: Collaborated with various divisions to assess and enhance Financial Key Performance Indicators (KPIs), driving overall organizational performance
- Financial Planning & Analysis Leadership: Oversaw the Financial Planning and Analysis (FP&A) department, implementing strategic improvements that enhanced the accuracy of financial forecasts by 20%
- Budgeting & Financial Planning Management: Developed and managed the overall budgeting process, forecasting, and financial planning activities in close collaboration with department heads
- Budget Variance Analysis & Corrective Action: Monitored and analyzed budget performance, tracked variances, and implemented corrective actions to enhance overall financial performance
- Long-Term Financial Strategy Development: Collaborated with department heads to develop comprehensive long-term financial strategies and objectives aligned with organizational goals
- Regulatory Compliance & Audit Excellence: Ensured 100% compliance with all financial regulations, resulting in zero audit findings, and demonstrating a commitment to financial integrity
- Risk Management & Performance Evaluation: Monitored and evaluated the organization's risk profile in conjunction with its performance scorecard, identifying potential threats and opportunities
- Audit Coordination & Process Improvement: Coordinated with the External Audit office and collaborated with auditors to streamline the audit process and ensure efficient and effective audits
Chief Accountant
National Brokers Insurance Company
04.2014 - 04.2017
- Accounting Operations Management: Managed and oversaw the company's day-to-day accounting operations, ensuring efficiency and accuracy
- Documentary Cycle Implementation: Ensured the adequacy and effective implementation of the documentary cycle, maintaining accurate records
- Financial Reporting and Analysis: Prepared monthly and annual financial reports and conducted in-depth analyses to provide comprehensive insights
- Revenue Growth Impact: Provided actionable insights through in-depth financial analysis, contributing to a 12% increase in annual revenue
- Regulatory Compliance: Assured and evaluated compliance with regulations issued by the Insurance Authority
- Internal Audit and Control: Ensured the adequacy and effectiveness of internal audit and control systems
- Bank Transaction Monitoring: Monitored bank payments and receipts and confirmed the availability of funds
- Claims Aging Management: Managed and followed up on the aging report for company claims to ensure timely resolution
- Financial Statement Preparation: Prepared income statements, balance sheets, and consolidated financial reports in compliance with IFRS
- Audit Report Preparation and Submission: Prepared quarterly and annual audit reports for the company, ensuring timely submission to the Insurance Authority website
- Audit Coordination: Coordinated internal and external audits and liaised with auditors to facilitate a smooth audit process
Senior Accountant
Al Nasr Group construction
12.2010 - 04.2014
- General Ledger Reconciliation: prepared all double-entry journal entries and reconciliation in the general ledger for bank accounts, accounts payable, accounts receivable, and monthly/yearly reconciliation for prepayments and depreciation, utilizing the ERP system's accounting
- Financial Document Verification: Reviewed and verified the accuracy of journal vouchers, payroll records, and sales and purchase ledgers
- Payment Monitoring and Control: Closely monitored bank payments and confirmed fund availability for relevant projects prior to releasing payments
- Payment Procedure Management: Established payment procedures for suppliers and subcontractors and managed project-specific cash flows
- Subcontracting Settlement: Responsible for the preparation of final settlement agreements for subcontracting
- Bank Financing Management: Planned, prepared, and followed up on various types of bank financing, including letters of credit (LCs) and letters of guarantee (LGs)
- Financial Reporting: Reported on the monthly and yearly closing process directly to the Group Financial Manager
- Payroll Preparation: Prepared monthly payroll for management, site engineers, and 350 laborers
General Accountant
TORINO MODA
12.2008 - 12.2010
- Prepare all double entries and reconciliations in the general ledger for the bank account, accounts payable, accounts receivable, & monthly/yearly reconciliations for the prepayments Using ERP system
- Maintain 100% accurate and complete financial files and records along with actively being involved in journal, postings of data to general ledger, invoicing, cash payments, cash receipts, banking, petty cash and other transactional duties following established accounting techniques and procedures- Bank reconciliation -reconciliation of debtors, creditors
- Preparing reports on revenue and expenses
Accountant
BSA, Financial Consulting Office
08.2006 - 08.2008
- Accountant BSA , financial Consulting Office from 8-2006 to 8-2008
- Handled day-to-day accounting processes to drive financial accuracy.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
Education
CMA - Certified Management Accountant
IMA Institute
USA02.2024
CA - Chartered Accountant
Ministry of Finance
Egypt03.2022
Bachelor of Science - Bachelor Degree of Accounting
Bachelor's Degree Accounting
Egypt05.2006
Skills
- Financial Reporting
- Strategic Financial Planning
- Budget and Liquidity Management
- Financial Performance Analysis
- Financial Risk Management
- Financial KPI Enhancement
- IFRS Compliance
- Tax Compliance
- Financial Modelling
- Team Leadership and Development
Certification
- Certified Management Accountant, Credly
- Chartered Accountant, Ministry of Finance | Egypt
Personal Information
- Date of Birth: 10/20/84
- Nationality: Egyptian
- Visa Status: residence transferable
Certificatesandlicenses
- CMA, IMA Institute, 129556
- CA, Ministry of Finance | Egypt, 40935
- Strategic Financial Planning and Budget Analysis
- Oracle financial application
- Certified Practitioner in Key Performance Indicators (KPIs)
Languages
English
Advanced (C1)
Arabic
Bilingual or Proficient (C2)
Timeline
Finance Manager
Al Dhafra Co- operative Society
05.2017 - Current
Chief Accountant
National Brokers Insurance Company
04.2014 - 04.2017
Senior Accountant
Al Nasr Group construction
12.2010 - 04.2014
General Accountant
TORINO MODA
12.2008 - 12.2010
Accountant
BSA, Financial Consulting Office
08.2006 - 08.2008
- Certified Management Accountant, Credly
- Chartered Accountant, Ministry of Finance | Egypt
CMA - Certified Management Accountant
IMA Institute
CA - Chartered Accountant
Ministry of Finance
Bachelor of Science - Bachelor Degree of Accounting
Bachelor's Degree Accounting
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