Mahmoud Youssef
Dubai
Summary
Accomplished Finance Manager with a proven track record at EL ALFY MARBLE STONE TRADING LLC, enhancing financial efficiency and stakeholder confidence through expert financial modeling and fostering customer satisfaction. Skilled in IFRS and budget management, I've led teams to streamline processes, achieving significant cost reductions and improving cash flow management.
Overview
20
20
years of professional experience
Work History
Finance Manager
EL ALFY MARBLE STONE TRADING LLC
02.2023 - Current
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Increased financial efficiency by streamlining and automating financial reporting processes.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Created organizational structures to improve accounting and finance functions.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Streamlined internal audit process, enhancing efficiency and reducing discrepancies.
- Improved stakeholder confidence with detailed financial analysis and transparent communication.
- Managed cross-functional teams to streamline project financing, reducing time to market for key products.
- Negotiated with suppliers to improve payment terms, enhancing cash flow management.
- Fostered culture of continuous improvement by training team members on financial best practices and software enhancements.
- Optimized cash flow management, allowing for timely investment and debt reduction.
- Conducted comprehensive risk assessments to safeguard assets and ensure regulatory compliance.
- Played key role in strategic planning sessions, offering insights that shaped company direction and growth.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Performed banking, business administration and financial tasks to guarantee five-star service for clients.
- Utilized financial software to prepare consolidated financial statements.
- Designed and maintained financial models to identify and measure risks.
Financial Manager
Blue Sky San Makina
04.2016 - 02.2023
- Created year-end audit book for CPA firm to control and reduce audit costs and accurately prepared year-end financial statements.
- Established new sales commission reporting and analysis for executive management.
- Collaborated with tax professionals to ensure accurate and timely filing of all required documents, minimizing the risk of costly penalties or audits.
- Identified and investigated variances to optimize financial plans and forecasts.
- Developed and maintained financial models for forecasting, enabling more accurate predictions of future revenue and expenses.
- Conducted thorough risk assessments for potential investments, safeguarding company assets from undue exposure.
- Created analytical framework for identifying and developing financial growth opportunities.
- Developed and transformed finance and operations team from transactional to analytical to provide enhanced business support.
- Optimized cash flow management strategies, ensuring sufficient funds were available for daily operations while maximizing returns on idle cash balances.
- Developed strategic plan for sale of group assets.
- Improved accuracy of commission payouts with implementation of process improvements.
- Cultivated relationships with banking institutions, securing favorable loan terms that supported business expansion initiatives.
- Developed reporting for executive financial reviews.
- Contributed to effective hiring process by interviewing applicants and making recommendations for best candidate to leadership.
- Oversaw administrative staffing by recruiting, interviewing and onboarding new personnel.
- Complied with all relevant regulations by maintaining detailed records of financial transactions, minimizing the risk of penalties or fines from regulatory authorities.
- Developed and presented financial data, financial statements and variance narratives to Board of Directors and Board of Trustees.
- Created and implemented effective accounting systems, best practices and policies.
- Improved compliance by implementing new revenue recognition process for fixed-price arrangements and vendor-specific objective evidence accounting.
- Forecasted operating costs for scheduled projects by strategizing with other departments.
- Enhanced financial reporting accuracy through regular audits and reconciliations, leading to improved decision-making capabilities.
- Prepared comprehensive financial statements for executive review, aiding in effective decision-making processes regarding growth opportunities and resource allocation.
- Generated revenue and reduced costs by recommending innovative alternatives.
Accounts Manager
Sunshine Stone
04.2014 - 05.2016
- Collaborated with purchasing department to reconcile vendor invoices and facilitate payments.
- Conducted regular account reviews with clients, providing valuable insights into performance metrics and recommending actions for improvement.
- Boosted client satisfaction by effectively managing accounts and addressing concerns promptly.
- Managed a diverse portfolio of accounts, demonstrating adaptability across various industries and client needs.
- Maximized revenue through strategic upselling of products or services to existing clients.
- Streamlined account management processes for better organization and time management.
- Collaborated with sales teams to identify new opportunities, driving revenue growth.
- Negotiated favorable payment terms with suppliers, reducing costs and improving profit margins.
- Implemented efficient billing procedures to reduce outstanding receivables and improve cash flow.
- Strengthened relationships with key clients, leading to increased repeat business.
Accounts Manager
El Alfy Co. for Marble and Granite
04.2008 - 02.2014
- Performed effectively in self-directed work environment, managing day-to-day operations and decisions.
- Strengthened relationships with key clients, leading to increased repeat business.
- Resolved complex customer issues, maintaining professionalism and preserving long-term relationships.
- Developed comprehensive financial reports for stakeholders, ensuring transparency and informed decisionmaking.
- Set and achieved company defined sales goals.
- Informed customers of promotions to increase sales productivity and volume.
- Worked with sales team to collaboratively reach targets, consistently meeting or exceeding personal quotas.
- Negotiated prices, terms of sales and service agreements.
- Developed and maintained strong working relationships with professionals within assigned territory.
- Attended monthly sales meetings and quarterly sales trainings.
- Met with customers to discuss and ascertain needs, tailor solutions and close deals.
- Selected correct products based on customer needs, product specifications and applicable regulations.
- Identified new business opportunities through cold calling, networking, marketing and prospective database leads.
- Gained customer trust and confidence by demonstrating compelling, persuasive and composed professional demeanor.
- Fostered lasting relationships with customers through effective communication and quick response, resulting in long-term loyalty and expanded client base.
- Achieved or exceeded company-defined sales quotas.
- Presented professional image consistent with company's brand values.
- Increased sales with execution of full sales cycle processing from initial lead processing through conversion and closing.
- Collaborated with managers to provide customer feedback and recommend operational changes to meet emerging trends.
- Contributed to event marketing, sales and brand promotion.
- Fielded customer complaints and facilitated negotiations, resolving issues and reaching mutual conclusions.
- Stayed current on company offerings and industry trends.
- Recorded accurate and efficient records in customer database.
- Greeted customers and offered assistance with selecting merchandise, finding accessories and completing purchases.
- Built diverse and consistent sales portfolio.
Accountant
El Alfy Company for Contracting
10.2004 - 03.2008
- Handled day-to-day accounting processes to drive financial accuracy.
- Gathered financial information, prepared documents, and closed books.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
- Prepared and filed tax forms to meet needs of customers.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Used advanced software to prepare documents, reports, and presentations.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Developed and maintained strong relationships with external auditors, ensuring smooth and efficient audit process.
- Implemented new accounting software, leading to more efficient financial data management and reporting.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Played key role in financial planning and analysis, contributing to company's long-term financial strategy.
- Reduced financial risks by implementing robust internal controls and monitoring mechanisms.
- Assisted in successful negotiation of terms with vendors and suppliers, improving company's cost-efficiency.
Education
Faculty of Commerce - Major in Commerce
Helwan University
Helwan, Cairo Egypt07.2003
Skills
- Financial Modeling
- Financial Budgeting
- IFRS Knowledge
- Customer Satisfaction
Languages
Arabic
Bilingual or Proficient (C2)
English
Advanced (C1)
Timeline
Finance Manager
EL ALFY MARBLE STONE TRADING LLC
02.2023 - Current
Financial Manager
Blue Sky San Makina
04.2016 - 02.2023
Accounts Manager
Sunshine Stone
04.2014 - 05.2016
Accounts Manager
El Alfy Co. for Marble and Granite
04.2008 - 02.2014
Accountant
El Alfy Company for Contracting
10.2004 - 03.2008
Faculty of Commerce - Major in Commerce
Helwan University
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