Summary
Overview
Work History
Education
Skills
Languages
Custom
Timeline
AccountManager
Khaled El Shazly

Khaled El Shazly

Dubai,UAE

Summary

Business-minded Senior Finance Manager with over 21 years of expertise overseeing transactions and reconciling monthly financial reports. A highly collaborative individual with a track record of effectively training and coaching staff members. Offering confidence, team collaboration and decision-making skills.

Overview

24
24
years of professional experience
4013
4013
years of post-secondary education

Work History

Senior Finance Manager

Farzana Trading LLC
Dubai, UAE
06.2022 - Current
  • Ensuring financial discipline and compliance with financial policies
  • Risk management and mitigation
  • Obtaining the best possible terms and facilities from banks & financial organizations
  • Monitoring the finance department's activities and ensuring that team members are carrying out their core functions
  • Providing timely and accurate MIS reports to top management
  • Implementing control procedures to minimize performance deviations
  • Constantly acquiring knowledge and remaining up-to-date with the latest technology & market trend
  • Implemented cost-control measures, optimising expenditure within budgetary constraints.
  • Forecasted trends and interpreted cash flows to reliably inform business decisions.
  • Applied advanced Excel skills to efficiently analyse large data sets.
  • Analysed financial performance to implement key improvement strategies.
  • Led finance transformation projects to reach company growth goals.
  • Recruited high-achieving team members for enhanced department performance.
  • Playing an active role in portfolio extension and expansion plans within very dynamic market conditions.
  • Managed daily finance services for smooth business operations.

Finance Manager

Emirates Macaroni Factory
Dubai, UAE
12.2020 - 06.2022
  • Driving the continuous improvement of end-to-end accounting practices
  • Leading the analysis of monthly and quarterly numbers and presenting findings to the board
  • Managing an end-to-end audit process of current systems - while acting as the first point of contact for external auditors
  • Continually identifying risks to delivery, proposing solutions where necessary and effectively managing stakeholder expectations throughout
  • Dealing with working capital management and production of cash flow forecasts
  • Leading the team responsible for payroll, VAT and HMRC processes.
  • Managed cash flow and liquidity, mitigating financial risks and ensuring stability.
  • Consolidated comprehensive management accounts, integrating income statements, cash flow and balance sheets.
  • Harnessed data visualisation to drive insights through management reporting.

Finance Manager

Melco-Mec
Cairo
07.2020 - 10.2020
  • Managing and overseeing overall the accounting department
  • Monitoring and analyzing accounting data and producing financial reports or statements
  • Establishing and enforcing proper accounting methods, policies, and principles
  • Coordinating and completing annual audits
  • Providing recommendations for new projects and maintaining internal control procedures
  • Improving systems and procedures and initiating corrective actions
  • Assigning projects and directing staff to ensure compliance and accuracy
  • Meeting financial accounting objectives
  • Reporting to management and stakeholders and providing advice about how the company and future business decisions might be impacted
  • Developing strategies that work to minimize financial risk.

Finance Manager

Al Dahra BayWa Agriculture LLC
Abu Dhabi
08.2018 - 01.2020
  • Collating, preparing, and interpreting reports, budgets, accounts, commentaries, and financial statements
  • Controlling income, cash flow and expenditure & managing budgets
  • Undertaking strategic analysis and assisting with strategic planning
  • Carrying out financial & business modeling and risk assessments
  • Contracting with outside services for tax preparation, auditing, banking, investments, and other financial institutions' needs as necessary
  • Providing insightful information and expectations for senior executives to aid in long-term and short-term decision-making
  • Ensuring the compliance of the company's procedures with corporate law, taxation, and company governance rules
  • Conducting reviews and evaluations for cost-reduction opportunities & profitable products matrix
  • Arranging new sources of finance for a company's debt facilities
  • Developing and implementing cash management strategies to enhance the company's cash flow
  • Monitoring, controlling & submitting VAT declarations.

Financial Controller

Gulf Food Industries- California Garden
Dubai
03.2008 - 07.2018
  • Preparing and issuing all Financial Statements (Balance sheet, P&L, cash flow, etc.)
  • Analyzing financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations, and maintain solutions to business and financial problems
  • Interfacing with external & internal auditors in connection with interim & Final Audit as well as providing the complete audit file together with the financial reports as per auditor's requirements
  • Overseeing the accounting department and the treasury function, meeting regularly with department heads to keep them informed and to assist them
  • Reviewing financial feasibility analysis and budget preparation
  • Ensuring that appropriate systems and internal controls are implemented and maintained
  • Developing a risk management framework and strategy, including liquidity and debt management
  • Analyzing trading profitability statements on category, market level, SKU level, and order level to maximize efficiency, increase the margin percentage, and emphasize cost reduction within a highly competitive market
  • Setting up and following needed internal control points inside Supply Chain departments to facilitate and integrate the flow operations among them
  • Collaborating with the financial managers of the various business units to meet strategic goals and objectives
  • Ensuring that the committed funds are received when due and allocated accurately by monitoring and analyzing cash flows monthly, including revenues, expenditures, receivables, and payables, producing monthly statements and variance analysis reports
  • Ensuring accounts payables and receivables are processed accurately, efficiently, and on time, and reporting any concerns/discrepancies.

Chief Accountant

Gulf Food Industries- California Garden
Dubai
07.2006 - 03.2008
  • Supervising, training, and evaluating accounting professionals, entry-level accountants, and support staff
  • Managing all account payables, payments, LC, bank transfers, and petty cash
  • Managing & handling all prepaid, accrual accounts, and provisions
  • Setting all tools and techniques relating to forecasting, revenue budgeting, capital budgeting, and managing capital structure (Leverage or Gearing) as the means to achieve company objectives and monitoring it
  • Identifying the risks relating to changes in costs, sales volumes, cash flows, and economic change, illustrating their impacts on the performance of the business and suggesting many solutions
  • Maintaining proper liaison with banks and cash accounts and reconciliation
  • Ensuring adherence to generally accepted accounting principles (GAAP), established procedures, departmental guidelines, and regulatory requirements applicable to the work & (IFRS)
  • Planning, managing, coordinating, and implementing the year-end closing processes and procedures for the assigned accounting records, conducting year-end closing process, providing information to financial auditors (Internal & External), conducting standard internal audits of various accounting records
  • Preparing monthly reconciliation of multiple inter-company accounts, including research and resolution of discrepancies
  • Analyzing revenue and expenditure trends and recommending appropriate budget levels and ensuring expenditure control
  • Maintaining Fixed Assets register and calculating monthly depreciation entries.

Cost Accountant

Gulf Food Industries- California Garden
Dubai
06.2003 - 07.2006
  • Responsible for the completion of all day-to-day cost accounting activities, including month-end close, year-end cost rolls, and closing job orders on the Oracle WIP module daily
  • Applying the activity-based costing (ABC) models to ensure justice on all manufacturing overheads and expenses allocations
  • Preparing on a monthly basis management production reports, variances tracking reports, power consumption comparison reports, waste analysis reports, raw material average consumption reports, and any other reports as requested by the management
  • Monitoring and recording production waste daily, specifying the reason reports
  • Designing and implementing operational waste reduction methods to improve efficiencies
  • Following up and controlling inventory models like just in time (JIT) to emphasize reducing store space, handling the cost, and risk of inventory obsolescence
  • Updating bill of material standard costs, breakeven points reports by-products, work centers, and factories, margins report by product and division, coordinating physical inventories and cycle count
  • Ensuring all costing information has been documented, reviewed, and accurate for both manufactured and trading
  • Playing a key factor in the implementation of costing and prices policies and procedures.

General Accountant

Misr Romania Bank (Blom Bank)
Cairo
02.2001 - 05.2003
  • Establishing, maintaining, and coordinating the implementation of accounting and accounting control procedures
  • Analyzing and reviewing budgets and expenditures for local, state, federal, and private funding, contracts, and grants
  • Monitoring and reviewing accounting processes and related system reports for accuracy and completeness
  • Analyzing revenue and expenditure trends, recommending appropriate budget levels, and ensuring expenditure control
  • Supervising the input and handling of financial data and reports
  • Interacting with internal and external auditors in completing audits
  • Developing the annual operating budget and consulting with departmental management on the fiscal aspects of program planning, salary recommendations, and other administrative actions
  • Providing accounting policy orientation for new staff.

Education

Bachelor of Accounting - Accounting

Faculty Of Commerce - Cairo University
Egypt

Certified Management Accountant (CMA) - Finance

IMA
Dubai

Skills

  • Windows & Office Tools
  • Web Programming & Development
  • ERP Systems, Networking & Hardware
  • Operational Management, Costing System & Variance Analysis
  • Budgeting, MIS & Working Capital Improvement
  • Profitability, Pricing Strategies & Managing Financial Instruments
  • Risk Management, Risk Mitigation & Return Analysis
  • Supply Chain Management, E2E Planning & S&OP planning
  • Internal Control, Business Performance Evaluation & Financial Ratios
  • Strategic Management & Decision Making
  • Oracle, SAGE, SAP Business One, Cognos & Oracle BI & Microsoft Dynamics
  • Analytical Thinking
  • Structured Problem Solving
  • Superior Communication Skills
  • High aptitude and enthusiasm for complex financial modelling & analysis
  • KPI management
  • Financial analysis
  • Management Accounting
  • Financial risk assessments
  • Financial policy creation
  • Cashflow forecasting
  • Financial reporting and analysis
  • Financial data analysis
  • Stakeholder management

Languages

Arabic
English
French

Custom

  • Cost analysis & Performance Measurement, Euro Matech, Dubai, 2006
  • Budget & Budgetary Control, Glomacs Training, Dubai, 2007
  • Cash Flow & Working Capital Management, Glomacs Training, Dubai, 2008
  • Supply Chain & Inventory Management, Euro Matech, Dubai, 2011
  • Train the Trainer, Americana, Dubai, 2013
  • Communication & Business Writing Training, Americana, Dubai, 2015
  • Sales and Operations Planning, Americana, Dubai, 2015
  • Certificate in Fast Quality Close Of Month & Year End Accounts, Informa Middle East, Dubai, 2015

Timeline

Senior Finance Manager

Farzana Trading LLC
06.2022 - Current

Finance Manager

Emirates Macaroni Factory
12.2020 - 06.2022

Finance Manager

Melco-Mec
07.2020 - 10.2020

Finance Manager

Al Dahra BayWa Agriculture LLC
08.2018 - 01.2020

Financial Controller

Gulf Food Industries- California Garden
03.2008 - 07.2018

Chief Accountant

Gulf Food Industries- California Garden
07.2006 - 03.2008

Cost Accountant

Gulf Food Industries- California Garden
06.2003 - 07.2006

General Accountant

Misr Romania Bank (Blom Bank)
02.2001 - 05.2003

Bachelor of Accounting - Accounting

Faculty Of Commerce - Cairo University

Certified Management Accountant (CMA) - Finance

IMA

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Khaled El Shazly