Mohamed Abdellatif
Sharjah,UAE
Summary
Dedicate professional finance wealth with over 15 years’ experience. Most of it with one of the largest restaurant group and franchise operators, driving financial planning, handling accounting operations, and directing teams to achieve business goals. Demonstrated track record providing comprehensive financial forecasting, budgeting, and analysis to senior management. Proficient in developing budgets, as well as developing and implementing accounting processes & financial procedures while ensuring compliance with the company policy and IFRS. Expert in sales cluster, recognition, reconciliation, and settlement with extensive experience in logistics, purchasing to warehousing cycles with its business controls and indicators supporting business needs current, estimates, and planned. It is ensuring financial growth through careful financial planning and cost-control initiatives. Adept at developing and maintaining financial reports, including P&L statements and financial statements, while ensuring accuracy and maintaining the confidentiality of all accounting and financial records. Adaptable and motivated communicator committed to improving financial controls, processes and procedures. Builds positive working relationships organisation-wide to communicate financial requirements. Mentors department managers in budget forecasting and cost-reduction measures. Experienced financial management professional skilled in developing enhanced financial strategy. Budgets proactively to reduce expenditure for improved business profits. Offers diligent, decisive leadership focused on long-term solvency. Takes on challenging new role harnessing interpersonal skills, collaboration and problem-solving. Driven to deliver high-quality service and consistent results.
Overview
22
22
years of professional experience
Work history
Financial manager
Lebaneat International
Dubai, U.A.E
02.2023 - Current
- Forecasted trends and interpreted cash flows to reliably inform business decisions.
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.
- Collaborated with business management to set and control annual budgets.
- Led finance transformation projects to reach company growth goals.
- Coached and mentored junior staff to maximise finance department capabilities.
- Implemented cost-control measures, optimising expenditure within budgetary constraints.
- Oversaw audits to collate accurate data and recommend constructive improvements.
- Conducted thorough systems review and implementation analysis to evaluate options and timeframes.
- Prepared client quotes and invoicing to create stable cash flow.
- Managed cash flow and liquidity, mitigating financial risks and ensuring stability.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Created and presented accurate, detailed financial forecasts.
- Finalised VAT returns with rigorous transaction checks.
- Designed dashboards to enhance Business Intelligence and KPI reporting.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates.
- Applied advanced Excel skills to efficiently analyse large data sets.
- Made strategic resource recommendations to improve business profit potential.
- Recruited high-achieving team members for enhanced department performance.
- Managed daily finance services for smooth business operations.
- Analysed financial performance to implement key improvement strategies.
- Oversaw financial reporting processes, maintaining accuracy and compliance with regulatory standards.
- Created analytical framework for identifying and developing financial growth opportunities.
- Reviewed bookkeeping and management accounts to achieve clear and correct reports.
- Strategised and led financial planning and operations .
- Delivered regular management reporting and supervised quarterly tax calendar.
- Conducted variance analysis to identify discrepancies and implement corrective actions.
- Maintained KPI reporting tools for accurate, up-to-date financial data for decision-making.
- Developed strategies to increase profits and cost savings.
- Reduced annual business expenditure through careful expense monitoring.
- Harnessed data visualisation to drive insights through management reporting.
- Worked to scale and enhance finance function, implementing new processes and refining existing ones.
- Represented business in negotiations with external partners.
- Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets.
- Administered payroll processes for accurate, timely salary disbursements.
- Served as finance business partner to drive strategic business decisions.
- Completed duties to deliver on targets with accuracy and efficiency.
- Used Microsoft Word and other software tools to create documents and clear communications.
- Managed teams by overseeing hiring, training and professional growth of employees.
- Replenished stock and processed deliveries to maximise product availability.
- Quickly learned and applied new skills to daily tasks, improving efficiency and productivity.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Analysed reporting to reconcile transactions, accounts and ledgers.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
- Delivered tailored assistance to customers with disabilities.
- Monitored and updated stock levels and inventory databases.
- Increased revenue by upselling and recommending products.
- Wrote reports outlining project progress and results.
- Carried out day-to-day duties accurately and efficiently.
- Kept appropriate stock levels to match expected demand.
- Received and processed stock using inventory management system.
- Served customers to drive sales and deliver top-quality experiences.
- Successfully maintained clean driving licence and access to reliable transportation.
- Consistently arrived at work on time and ready to start immediately.
- Assisted with infection control through social distancing and PPE wearing.
Finance Manager
YYT Food Corporation LLC
Sharjah, UAE
09.2020 - 01.2023
- Prepare financial statements, business activity reports, and financial forecasts
- Ensure that the organization’s financial records and recordkeeping methods are in compliance with applicable standards and regulations
- Participate in the operational and strategic business plans, forecasts, and feasibility studies to develop the annual budget, prepare cash flow analysis, and recommend the required changes to improve the level of sales performance
- Provide an independent oversight to multiple cross-functional and cross geographic projects and strategic initiatives by advising on risk management
- Providing assistance in the primary area of budget preparation, forecasting budget control, and analysis, financial reporting and accounting, direct reimbursements, inventory control
- Responsible for the submission of profit & loss, Managed Capital Base and Cash Flow, as well as assisting in supporting the compliance internal department, to ensure timely weekly, monthly, quarterly and yearly schedules and reports.
Asst.Finance Manager
Kuwait Food Company (Americana)
Sharjah
01.2017 - 06.2020
- Handle company’s financial operations and a multitude of accounting tasks to achieve financial objectives and improve controls, profitability, cash flow, minimize financial risks and support business growth
- Monitoring and ensure the accurate closing of profit and losses statement and information on the right way within the accounting standards
- Review for the daily/weekly/monthly reports, including sales analysis and marketing expenses for food and beverages cost reports, prepare the monthly balance sheet reconciliations
- And handle the company’s financial results to achieve a business plan
- Prepare branch budget in coordination with all involved departments and parties and ensure strict adherence
- And monitor branch cash flow by tracking transactions and auditing internal reports
- Oversee monthly account closing & provisioning and developed financial analysis to influence value-added decisions with coordination in preparing the viability of feasibility studies (New opening, renovation, and closure outlets) to identify the trend of business
- Participate in the operational and strategic business plans, forecasts, and feasibility studies to develop the annual budget, prepare cash flow analysis, and recommend the required changes to improve the level of sales performance
- Provide an independent oversight to multiple cross-functional and cross geographic projects and strategic initiatives by advising on risk management
- Control the purchasing department related activities, ensuring the right items that have purchased at the most competitive price
- Monitoring suppliers/customers agreements regarding respective revenue and cost associated with them, approve, review sales reconciliation and settlement, Warehouse reconciliation Versus Cost of Sales including detailed variance analysis
- Prepare detailed reports on the company’s financial performance on a quarterly and annual basis, including income statements, balance sheets, reports of annual profits and expenses, and analysis of future earnings or losses
- Ensure the all financial inputs are compatible with the company policies and compliance standards, and effectively manage, motivate, and develop the Finance department through supervision and performance reviews of individuals in the team
- Focus on providing a healthy working atmosphere.
Deputy Financial Controller
Kuwait Food Company (Americana)
Sharjah
01.2016 - 12.2016
- Manage daily financial controlling tasks and promoted promoting financial controls within the company operational processes to prevent misuse and misappropriation of funds or assets and inefficient cost control
- Coordinate with all departments to ensure timely financial reporting and periodical closing activities (month, quarter, and year)
- Review all reports issued from the concerned finance sections and ensure that all related financial entries and accounts are complying with local authorities and government laws and instructions
- Review business processes and advise on business process reengineering, including conversion from manual to the automation process
- Ensure company instructions are effectively implemented and reported accurately as fixed assets, cash, and stock items count
- Oversee all transactions in the accounting department, review accounting data, verify transactions to assess the accuracy of journal entries, ensure adequate controls over the company income and expenditure, and maintain all accounting ledgers
- Prepare and maintain accounting books, coordinate month/year-end activities, AP/AR, general ledger, treasury, revenue and expenditure variance analysis, month-end accruals, utilities, rent, etc
- Monthly review of all account reconciliations; reviewed, investigated, and corrected errors & inconsistencies in financial entries, documents, and reports
- Supervise the closure of daily and monthly accounts; provided timely explanations of variances between actual results and forecasts to direct the corrective actions and management recommendations
- Authorize cheque bank transfers and approve cash disbursements
- Generate monthly, quarterly, and annual management financial reports and cost center reports and submit to the senior management for review and decision making on financial matters
- Coordinate and provide the necessary support to auditors (internal and external) during financial and operational audits.
Chief Accountant
Kuwait Food Company (Americana)
Sharjah
01.2012 - 12.2015
- Manage daily financial controlling tasks and promoted promoting financial controls within the company operational processes to prevent misuse and misappropriation of funds or assets and inefficient cost control
- Coordinate with all departments to ensure timely financial reporting and periodical closing activities (month, quarter, and year)
- Review all reports issued from the concerned finance sections and ensure that all related financial entries and accounts are complying with local authorities and government laws and instructions
- Review business processes and advise on business process reengineering, including conversion from manual to the automation process
- Ensure company instructions are effectively implemented and reported accurately as fixed assets, cash, and stock items count
- Oversee all transactions in the accounting department, review accounting data, verify transactions to assess the accuracy of journal entries, ensure adequate controls over the company income and expenditure, and maintain all accounting ledgers
- Prepare and maintain accounting books, coordinate month/year-end activities, AP/AR, general ledger, treasury, revenue and expenditure variance analysis, month-end accruals, utilities, rent, etc
- Monthly review of all account reconciliations; reviewed, investigated, and corrected errors & inconsistencies in financial entries, documents, and reports
- Supervise the closure of daily and monthly accounts; provided timely explanations of variances between actual results and forecasts to direct the corrective actions and management recommendations
- Authorize cheque bank transfers and approve cash disbursements
- Generate monthly, quarterly, and annual management financial reports and cost center reports and submit to the senior management for review and decision making on financial matters
- Coordinate and provide the necessary support to auditors (internal and external) during financial and operational audits.
Senior Accountant
Kuwait Food Company (Americana)
Sharjah
07.2008 - 12.2011
- Manage daily financial controlling tasks and promoted promoting financial controls within the company operational processes to prevent misuse and misappropriation of funds or assets and inefficient cost control
- Coordinate with all departments to ensure timely financial reporting and periodical closing activities (month, quarter, and year)
- Review all reports issued from the concerned finance sections and ensure that all related financial entries and accounts are complying with local authorities and government laws and instructions
- Review business processes and advise on business process reengineering, including conversion from manual to the automation process
- Ensure company instructions are effectively implemented and reported accurately as fixed assets, cash, and stock items count
- Oversee all transactions in the accounting department, review accounting data, verify transactions to assess the accuracy of journal entries, ensure adequate controls over the company income and expenditure, and maintain all accounting ledgers
- Prepare and maintain accounting books, coordinate month/year-end activities, AP/AR, general ledger, treasury, revenue and expenditure variance analysis, month-end accruals, utilities, rent, etc
- Monthly review of all account reconciliations; reviewed, investigated, and corrected errors & inconsistencies in financial entries, documents, and reports
- Supervise the closure of daily and monthly accounts; provided timely explanations of variances between actual results and forecasts to direct the corrective actions and management recommendations
- Authorize cheque bank transfers and approve cash disbursements
- Generate monthly, quarterly, and annual management financial reports and cost center reports and submit to the senior management for review and decision making on financial matters
- Coordinate and provide the necessary support to auditors (internal and external) during financial and operational audits.
Accountant
Kuwait Food Company (Americana)
Sharjah
05.2006 - 06.2008
- Manage daily financial controlling tasks and promoted promoting financial controls within the company operational processes to prevent misuse and misappropriation of funds or assets and inefficient cost control
- Coordinate with all departments to ensure timely financial reporting and periodical closing activities (month, quarter, and year)
- Review all reports issued from the concerned finance sections and ensure that all related financial entries and accounts are complying with local authorities and government laws and instructions
- Review business processes and advise on business process reengineering, including conversion from manual to the automation process
- Ensure company instructions are effectively implemented and reported accurately as fixed assets, cash, and stock items count
- Oversee all transactions in the accounting department, review accounting data, verify transactions to assess the accuracy of journal entries, ensure adequate controls over the company income and expenditure, and maintain all accounting ledgers
- Prepare and maintain accounting books, coordinate month/year-end activities, AP/AR, general ledger, treasury, revenue and expenditure variance analysis, month-end accruals, utilities, rent, etc
- Monthly review of all account reconciliations; reviewed, investigated, and corrected errors & inconsistencies in financial entries, documents, and reports
- Supervise the closure of daily and monthly accounts; provided timely explanations of variances between actual results and forecasts to direct the corrective actions and management recommendations
- Authorize cheque bank transfers and approve cash disbursements
- Generate monthly, quarterly, and annual management financial reports and cost center reports and submit to the senior management for review and decision making on financial matters
- Coordinate and provide the necessary support to auditors (internal and external) during financial and operational audits.
Bookkeeper
Awni Farsakh & Co.
UAE
03.2002 - 12.2005
- Handle all financial transactions in the accounting department for several 15 different clients in several industries such as constructions, marketing, general trades, warehouse, etc
- Maintain records of financial transactions by establishing accounts; posting entries; ensure legal requirements compliance
- Develops system to account for financial transactions by establishing a chart of accounts defining bookkeeping policies and procedures
- Prepares financial reports by collecting, analyzing, and summarizing account information and trends.
Education
Bachelor of Commerce - Accounting
Ain Shams University
Cairo - Egypt 09/1997 - 08/2001
Skills
- Accounting and Finance
- Financial Statements Preparation
- Financial Planning
- Accounting Policies/Procedures
- Budgeting & Cost Control
- Financial Analysis/Reporting
- Cash Management
- Profitability & Cost Analysis
- Accounts Closure/Reconciliation
- Statutory Compliance
- Feasibility studies
- Liaison and Coordination
- Internal Controls
- Team Building and Leadership
- Variance Analysis
Languages
English
Arabic
Custom
Married with two kids
Personal Information
- Date of birth: 08/10/1978
- Nationality: Egyptian
Timeline
Financial manager
Lebaneat International
02.2023 - Current
Finance Manager
YYT Food Corporation LLC
09.2020 - 01.2023
Asst.Finance Manager
Kuwait Food Company (Americana)
01.2017 - 06.2020
Deputy Financial Controller
Kuwait Food Company (Americana)
01.2016 - 12.2016
Chief Accountant
Kuwait Food Company (Americana)
01.2012 - 12.2015
Senior Accountant
Kuwait Food Company (Americana)
07.2008 - 12.2011
Accountant
Kuwait Food Company (Americana)
05.2006 - 06.2008
Bookkeeper
Awni Farsakh & Co.
03.2002 - 12.2005
Bachelor of Commerce - Accounting
Ain Shams University
09/1997 - 08/2001
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