Peachtree (Sage 50) Accounting Program
Abdelaziz Barakat
Finance Manager
Kuwait - ,Sabah Al Salem
Summary
Dynamic Finance Manager with extensive experience at Real Estate Company, excelling in budget forecasting and financial analysis. Proven track record in strategic planning and risk analysis, leading teams to optimize financial performance and secure funding. Adept at decision-making and fostering collaboration across departments to achieve project success
Business-minded Finance Manager promoting more than [15] years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills
Overview
12
12
years of professional experience
4
4
years of post-secondary education
4
4
Certifications
2
2
Languages
Work History
Accountant
Imtidad Real Estate Company
Kuwait
03.2013 - 07.2017
- Record sales of residential and commercial units in compliance with accounting standards.
- Track down payments, installments, and customer balances.
- Maintain proper revenue recognition as per project progress or delivery.
- Monitor accounts receivable and follow up on overdue payments.
- Prepare Tenant statements and reconcile balances.
- Coordinate with sales and legal teams regarding Tenant account issues.
- Perform monthly bank reconciliations.
- Track postdated checks, deposit schedules, and bounced checks.
- Ensure accurate posting of cash and bank transactions.
- Assist in closing monthly books and preparing financial statements.
- Post journal entries and ensure ledger accuracy.
- Prepare trial balances, supporting schedules, and reconciliations.
- Maintain accurate digital and physical records of financial transactions.
- Work with accounting software (Sage 50).
- Work with Real Estate software System (UniSoft).
- Ensure customer contracts, invoices, and receipts are correctly archived.
Accountant
Alkhaleeja General Trading & Contracting Co.
Kuwait, Al Asimah
05.2016 - 04.2019
- Record and monitor direct and indirect project costs (materials, labor, subcontractors).
- Allocate expenses to respective project codes or cost centers.
- Assist in preparing cost-to-completion reports for ongoing projects.
- Reconcile actual costs vs. budgeted costs regularly.
- Verify supplier and subcontractor invoices against contracts, purchase orders, and delivery notes.
- Process payments and track retention amounts and due dates.
- Maintain aging reports and ensure timely settlement of liabilities.
- Issue invoices to clients based on approved progress billing and project milestones.
- Follow up on collections and update client accounts.
- Reconcile project certificates, advance payments, and variation orders.
- Manage day-to-day bank transactions and perform monthly reconciliations.
- Monitor postdated checks (PDCs) and ensure proper tracking of deposits.
- Maintain cash books and petty cash for project sites.
- Post daily journal entries for accruals, prepayments, and adjustments.
- Ensure accuracy of the general ledger in accordance with accounting standards.
- Maintain updated records of contracts, variations, retention, and payments.
- Generate financial reports for management and project stakeholders.
- Support in preparing data for tenders or new project proposals.
- Prepare trial balances and support month-end/year-end closing.
- Process and record labor payroll, including site workers and engineers.
- Coordinate with HR on timesheets, overtime, and deductions.
- Ensure compliance with labor laws and withholding requirements.
Finance Manager
Alkhaleeja General Trading & Contracting Co.
Kuwait
05.2018 - Current
- Prepare detailed budgets for construction projects and track actual costs against estimates.
- Monitor project expenditures and ensure cost efficiency.
- Analyze variances and implement corrective actions to stay within budget.
- Collaborate with project managers and site engineers to ensure accurate cost tracking.
- Develop short- and long-term financial forecasts aligned with project timelines.
- Assess financial feasibility and profitability of new tenders and bids.
- Support decision-making with financial modeling and scenario analysis.
- Monitor cash flow requirements for ongoing projects.
- Plan for funding needs and ensure timely payments to suppliers, subcontractors, and labor.
- Liaise with banks for credit lines, bank guarantees, and project financing.
- Manage payment certificates, retention, and performance bonds.
- Ensure accurate accounting in compliance with IFRS and local regulations.
- Oversee monthly closings, general ledger, and reconciliation processes.
- Review supplier/subcontractor invoices and ensure timely processing.
- Monitor fixed assets and depreciation schedules.
- Evaluate the financial terms of contracts and subcontracts.
- Support in financial evaluation of variations and claims.
- Coordinate with legal or contracts departments on disputes and settlements.
- Lead and develop the finance and accounting team.
- Implement internal controls to minimize financial risk.
- Standardize financial procedures across project sites and the head office.
Finance Manager
Imtidad Real Estate Company
Kuwait, Al Asimah
07.2017 - Current
- Prepare annual budgets and long-term financial plans for real estate projects.
- Conduct variance analysis between actual and budgeted figures.
- Evaluate project feasibility studies including ROI, payback period, and investment risks.
- Analyze key financial performance indicators for each project.
- Determine funding needs and manage capital requirements for ongoing and future projects.
- Liaise with banks and financial institutions to secure loans and credit facilities.
- Monitor and forecast cash flow to ensure project liquidity.
- Manage loan repayments and analyze the cost of capital.
- Supervise preparation of financial statements in compliance with IFRS.
- Oversee accounts receivable (clients) and accounts payable (suppliers and contractors).
- Ensure proper accounting for real estate sales, leasing, and development contracts.
- Lead the finance and accounting team.
- Develop financial policies and procedures.
- Collaborate with project managers, sales, and legal departments to align financial goals.
- Monitor construction costs and contractor payments.
- Monitor fixed assets and depreciation schedules.
Education
Bachelor of Commerce - Accounting
Faculty Of Commerce
Egypt - Bani Suef 01.2006 - 05.2010
Skills
Budget forecasting
Financial analysis
Strategic planning
Financial management
Problem-solving
Adaptability
Planning and coordination
Excellent communication
Staff management
Multitasking Abilities
Decision-making
Financial reporting
Coaching and training
Software
Uni Soft Real Estate Program
Microsoft Office ( Word & Outlook & Excel & PowerPoint )
Microsoft Windows 10
Certification
Studying CMA
Timeline
Finance Manager
Alkhaleeja General Trading & Contracting Co.
05.2018 - Current
Finance Manager
Imtidad Real Estate Company
07.2017 - Current
Studying CMA
08-2016
Accountant
Alkhaleeja General Trading & Contracting Co.
05.2016 - 04.2019
Accountant
Imtidad Real Estate Company
03.2013 - 07.2017
Diploma Book Keeping
11-2010
The basics of dealing in the Stock Market
01-2009
ICDL
09-2008
Bachelor of Commerce - Accounting
Faculty Of Commerce
01.2006 - 05.2010
Similar Profiles
Hemanth Kumar BondalapatyHemanth Kumar Bondalapaty
Payroll Specialist at Distinguished Real Estate (Al Tayer Group Company- Luxury Real Estate)Payroll Specialist at Distinguished Real Estate (Al Tayer Group Company- Luxury Real Estate)
MALINDA LEWISMALINDA LEWIS
Florida Real Estate Agent at Magnolia Real Estate Company & Herron Real EstateFlorida Real Estate Agent at Magnolia Real Estate Company & Herron Real Estate
Zein Alabedin AburyahZein Alabedin Aburyah
Graphic Designer at Star Real Estate Contracting And Real Estate Development CompanyGraphic Designer at Star Real Estate Contracting And Real Estate Development Company
Danah AbdullahDanah Abdullah
Assistant Safety Officer at Jaber Al Ahmad Military Hospital Nuclear Medicine DepartmentAssistant Safety Officer at Jaber Al Ahmad Military Hospital Nuclear Medicine Department
Monerah ALAJMIMonerah ALAJMI
Assistant Registrar, Obstetrics & Gynecology at Farwaniya HospitalAssistant Registrar, Obstetrics & Gynecology at Farwaniya Hospital