Summary
Overview
Work History
Education
Skills
Timeline
Generic
Mohamed Raafat El Genidy

Mohamed Raafat El Genidy

DUBAI

Summary

Seeking a challenging career opportunity within a well reputable Multinational organization leading to a career growth whereby I can develop and utilize professional expertise. Summary of Experience 20+ Years’ Experience in Accounts Receivable, Accounts Payable, Inventory, GL, Fixed Assets, Corporate Finance, Team Management and Budgeting & Financial Reporting in local and multinational companies in both the trading and manufacturing fields such Raya Holding and Americana Group Strong analytical, communication skills, goal-oriented attitude, strong interpersonal skills, excellent problem-solving skills, meeting deadlines and ability to Work within a team.

Overview

2024
2024
years of professional experience
2
2
Languages

Work History

Finance Manager

Gulf Food Industries
07.2020 - Current
  • Handling Team with 5 Member
  • Reporting to: CFO
  • My Achievement:
  • Implementation Chart Of Account
  • Implementation SOP’s for full company
  • Implement and Rejester For VAT
  • Budget, Financial reporting
  • Participating with CFO and Finance team for Preparing the budget in Quarterly Basis
  • Preparing CAPEX Plan
  • Preparing the Purchasing Plan according to the sales budget the monthly consumption
  • Preparing P/L by Market and by product and comparing it with the monthly budget
  • Calculating the Safety stock for inventory Items and monitoring it in monthly basis
  • Liquidity Plan by estimated the fund required for paying the overdue invoice and estimated collection from the A/R and reporting the GAP to Treasury Department
  • Liaising with internal and external auditors
  • Day To day Accounting and Finance Activites
  • Control AP accounts , Validate AP invoices and Vendor Master data
  • Control AR accounts , approve sales Orders and Custoer Master Data
  • Approve PO’s through System As per Approved Budget
  • Maintan and Control Plante Costing
  • Fixed Assets Controling
  • Control Banks and Cash Flow
  • Control RM Stock , Inventory
  • Liaising With Internal And External Auditors, California Garden- Subsidiary of Americana Group
  • DUBAI, JEBELALI FREE ZONE (JAFZA)
  • Working on oracle application 11i

Financials Controller – Finance Manager

03.2017 - 06.2020
  • Handling Team with 6 Member
  • Reporting to: Cluster CFO
  • My Achievement:
  • Maximize DPO from 55Days to 72Days, As of Dec-19
  • Minimize DSO from 101Days to 82Days, As of Dec-19
  • Reduced bad depts by AED2.5M
  • Restructuring workflow in Finance department to enhance and improvements work process and finance team
  • Set monthly plane for both new sales order and collection
  • Automate sales orders
  • Implementation for VAT System

12.2018 - 01.2019
  • Accounts Payable Controlling
  • Ensuring the matching between the Purchase order and the invoices
  • Control the prices changes to be aligned with the budget prices
  • Verify that transactions comply with financial policies and procedures
  • Running the payment for all overdue invoices for foreign and domestic
  • Controlling the payment date for due invoices to ensure that we utilized the maximum benefits of the payment terms
  • Reviewing and monitoring the vendor changes report every month to make sure that all changes have been approved from the Finance (bank details, Contact, Payment term
  • Fixed Assets Controlling
  • Handling the Tagging process for all fixed assets
  • Ensuring the existing of the fixed assets to matching with Oracle register FA module
  • Controlling the account assignment in the time of PO Creation with the purchasing department to be matching with applicable polices of recognition concept of the Fixed Assets
  • Controlling the Purchasing of the fixed assets to make sure that already In the CAPEX plan
  • Preparing MID/Year end Physical count for FA and investigating for any variance with the System
  • Making sure that the retirement already done as per our company Policy and approvals
  • Budget, Financial reporting
  • Participating with Finance Manager and FI team for Preparing the budget in Quarterly Basis
  • Preparing CAPEX Plan
  • Preparing the Purchasing Plan according to the sales budget the monthly consumption
  • Preparing P/L by Market and by product and comparing it with the monthly budget
  • Calculating the Safety stock for inventory Items and monitoring it in monthly basis
  • Liquidity Plan by estimated the fund required for paying the overdue invoice and estimated collection from the A/R and reporting the GAP to Treasury Department
  • Liaising with internal and external auditors
  • Inventory Controlling
  • Controlling the intermediate accounts between the Accounts Payable and inventory receipts in the Trail balance
  • Participating in the MID/End Year committee Physical count
  • VAT Monthly Controlling
  • Review and submit monthly VAT return
  • Review and proceed monthly VAT payment

Chief Accountant

04.2011 - 02.2017

Account Supervisor

03.2008 - 03.2011

International Foods Industries
03.2008 - 06.2008
  • Working on Odoo ERP System

Account Supervisor

01.2006 - 02.2008
  • Receive and verify invoices and requisitions for goods and services
  • Complete credit analysis and review of new clients
  • Determine credit limits and annual review of major client accounts
  • Post and reconcile customer payments to general ledgers
  • Post A/R data to profit/loss reports, balance sheets, income statements, and other documentation
  • Review all credit balances, refunds, and adjustments, and apply adjustments and/or corrections to corporate billing records
  • Balance daily A/R batches; prepare and distribute income reports and statistics to key personnel
  • Ensure the strict confidentiality and privacy of financial records as they relate to the organization and its customers
  • Preparing PL for each product line and monitoring it against the Forecasted Figures
  • Weekly collection Meeting with Sales team for monitoring the Performance for the cash collection target
  • Calculating the Sales commission for sales team based on agreed percentage, performance and collected amount during the period
  • Implementing the Credit limits for each customer based on the history of the customer and expected sales
  • Controlling the sales order according to the credit limit of the customer
  • Liaising with internal and external auditors
  • Timely and accurate period-end closing and reporting.

Accounts Receivable

Raya Retail
10.2000 - 02.2008
  • Collection Controlling
  • Review of AR aging to ensure reduction in overdues and write offs
  • Ensure adherence to company policies for credit limits & days
  • Undertake necessary actions for reduction of overdues in line with market situation
  • Review of Annual BDA agreements with customers
  • Formulation and update the standard agreement templates for local and exports customers
  • Verifying the commercial and legal aspects of all agreements
  • Review and update of all processes and SOP's pertaining to Order to Cash including new customer set up, change in price / terms of trade, collection, reconciliation, etc
  • Ensure accurate and timely provisioning for rebates/ rentals at month end as per agreements
  • Monthly reconciliations of all GL accounts pertaining to AR
  • Timely reconciliation of all customer accounts and highlighting any discrepancy for timely action
  • Accurate invoice amount based on prices approved / updated in system
  • Daily reconciliations of Invoice and cash and any discrepancy highlighted and actioned
  • Timely reconciliation of all customer accounts and highlighting any discrepancy for timely action
  • Daily reconciliations of Invoice and cash and any discrepancy highlighted and actioned

Senior accountant

11.2002 - 12.2005

Junior accountant

Subsidiary of Raya Holding
Cairo
10.2000 - 11.2002

1 1 - 1 1

Education

Financial Accounting and - undefined

BSC (Bachelor of Commerce) - undefined

EGYPT- Cairo UNIVERSITY

IFRS (international financial - undefined

Skills

Financial & Managementundefined

Timeline

Finance Manager

Gulf Food Industries
07.2020 - Current

12.2018 - 01.2019

Financials Controller – Finance Manager

03.2017 - 06.2020

Chief Accountant

04.2011 - 02.2017

Account Supervisor

03.2008 - 03.2011

International Foods Industries
03.2008 - 06.2008

Account Supervisor

01.2006 - 02.2008

Senior accountant

11.2002 - 12.2005

Accounts Receivable

Raya Retail
10.2000 - 02.2008

Junior accountant

Subsidiary of Raya Holding
10.2000 - 11.2002

Financial Accounting and - undefined

BSC (Bachelor of Commerce) - undefined

EGYPT- Cairo UNIVERSITY

IFRS (international financial - undefined

1 1 - 1 1

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Mohamed Raafat El Genidy