OMAR HUSSEIN ABDELMAWGOUD
Al-Jaberyia,HA
Summary
Goal-focused Accountant with record of accurate reporting and budget management. Offering twelve years of experience handling finances for five locations. Processed payroll, budgets, reports, audits, journals, expenditures and payments. Diligently maintains latest training on tax regulations and legal issues impacting financial operations.
Overview
15
15
years of professional experience
Work History
Senior Accountant
Arzan Financial Group
09.2022 - Current
- Implement financial policies and procedures in order to achieve department objectives
- Record and post all periodic end transactions to General Ledger
- Perform General Ledger related activities including Account analysis, period closing, trial balance and others as required
- Receive insurance advice`s, credit & debit notes from suppliers and matching them with reports received from departments and ensure monthly reconciliation for all statements of accounts for insurance company with GL balances
- Reconcile cash at portfolios balances between third party portfolios & GL balances on monthly basis
- Create and maintain payroll records and reports of more than 100 employee for management related to summary of payments, deductions, additions and other reports as required
- Record all period end transactions and export them to GL
- Perform other duties related to the job as assigned by the direct manager
- Reconcile payroll-related general ledger accounts (i.e. Deductions, other expenses) and analyze payroll expenses for variances.
- Ensure proper approvals for adjustments to payroll
- Verify calculation of vacation accruals and annual accruals
- Verify calculation of employees’ end of service benefits accurately
- Calculate vacation accruals and annual accruals
- Prepare and develop frequently requested reports (financial and credit) by CBK on time (monthly reports, quarterly reports, semi-annual, annual reports)
- Ensure reports prepared are matching with the previous financial statement to achieve consistency
- Prepare and develop frequently requested reports (financial and credit) by CMA on time (monthly reports, quarterly reports)
- Ensure reports prepared are matching with the previous financial statement to achieve consistency
- Prepare and develop financial reports (balance sheets, income statements, statements of cash flow, etc.) to CBK, CMA in order to comply with local regulations
- Preparing and providing monthly, quarterly and yearly variance reports (Actual vs Budgeted) to the executive management
- Work with auditors as needed on research/resolution of complex accounting issues
- Work with the direct manager to resolve any discrepancies and questions related to the recording of payments transactions
- Liaise with HR and respond to inquiries related to discrepancies from other departments regarding payroll and HR accounting issues
- Create accounts payable reports for Direct Manager related to aging reports, due payments and others as required
- Perform analysis of the accounts payable aging report
- Receive approved payroll summary report from HR Department then review and compare additions and deductions.
Senior Accountant
Kuwait Oil Company
10.2015 - 08.2022
- Assisting in preparation of Estimates for New Tender
- Performing Bid Evaluation
- Preparing the Annual Budget for Accounting Strings under the Team
- Preparing and analyzing the monthly OPEX Variance report for individual Contracts as well as overall Accounting String
- Preparing the monthly Contracts' status report for all Service Contracts and Service Agreements under MS&R, and monitoring their financial performance
- Preparing monthly Capping report to provide user teams the Capping limit for spending on additional resources (Variations)
- Preparing the calculations for monthly lump sum and advance payment recovery for Contracts
- Reviewing the monthly deduction reports, and inspecting all Contractors’ submitted invoices and supporting documents
- Ensuring and verifying the timely payments to the employees and third party suppliers by the Contractors
- Reviewing bank statement breakdowns and reconciling with the payments made to the employees
- Liaising with Contractors’ representatives to discuss any issues in the invoices and payments related to their employees
- Crucial role in final settlement of Contracts
- KOC is Oil E&P subsidiary of Kuwait Petroleum Corporation
- It is the world’s 7th largest producer and 4th largest exporter of crude oil
Accountant
Kharafi National Company
12.2012 - 09.2015
- Ensuring that cash amounts in a company's accounting ledgers agree with bank balances
- Making sure that guidelines and policies around cash processes are adequate and effective
- Reviewing company's 45 bank accounts, checks balances against ledger amounts and verifying that such amounts agree with financial statement items
- Reconciles processed work by verifying entries and comparing system reports to balances
- Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries
- Pays vendors by monitoring discount opportunities; verifying civil id numbers; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation; insuring credit is received for outstanding memos; issuing stop-payments or purchase order amendments
- Maintains accounting ledgers by verifying and posting account transactions
- Maintains historical records by scanning, photocopying and filing documents
- Disburses petty cash by recording entry; verifying documentation
- Reports taxes by calculating requirements on paid invoices
- Protects organization's value by keeping information confidential
- Updates job knowledge by participating in educational opportunities
- Accomplishes accounting and organization mission by completing related results as needed.
CO-Founder and Owner
Al- Hamad Trading for Imports & Exports
02.2011 - 09.2012
- Develop business strategies to raise customers’ pool, expand store traffic and optimize profitability
- Meet sales goals by training, motivating, mentoring and providing feedback to 5 sales staff
- Ensure high levels of customer’s satisfaction through excellent service
- Complete store administration and ensure compliance with policies and procedures
- Maintain outstanding store condition and visual merchandising standards
- Report on buying trends, customer needs, profits etc
- Propose innovative ideas to increase market share
- Deal with all issues that arise from staff or customers (complaints, grievances etc.)
- Be a shining example of well behavior and high performance
- Additional store manager duties as needed
- Retail store founded and managed by myself and others
- Evaluated market trends to identify emerging opportunities and inform strategic decision making.
Accountant
Premiere Investments for Assets and Portfolio Management – Premiere Holding
03.2011 - 08.2011
- Company Overview: Premiere is amongst the top 14 Securities and assets management firms in Egypt
- Prepare customers reports for stocks daily transactions
- Verifies vendor accounts by reconciling monthly statements and related transactions
- Reconciles processed work by verifying entries and comparing system reports to balances
- Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries
- Maintains accounting ledgers by verifying and posting account transactions
- Maintains historical records by scanning, photocopying and filing documents
- Reports taxes by calculating requirements on paid invoices
- Protects organization's value by keeping information confidential
- Premiere is amongst the top 14 Securities and assets management firms in Egypt
Internship: Surveyor
Raya Contact Centre - Raya Holding
03.2010 - 04.2010
- Customer Satisfaction Survey Representative
- Performed field survey to complete assessments with more than 10 customers.
- Gathered, organized and modeled data for reports and presentations.
Education
Bachelor of Science - Business Administration – Banking
Sadat Academy For Management Sciences
Cairo - Egypt06.2010
American High School (Am. Diploma) -
Rajac American School
Cairo - Egypt06.2006
Skills
- Microsoft Office
- Advanced Excel
- Data Analysis
- Financial Reporting
- General ledger accounting
- Audit Support
- Financial statement review
- Bank Reconciliation
- Variance Analysis
- Payroll Oversight
- Payroll Processing
- Cash Flow Management
- Consolidation Accounting
- Staff Oversight
- Account Reconciliation
- Journal entry preparation
- Bookkeeping and Reconciliation
- General accounting
- Balance sheets
- Account reconciliation processes
- Cash Analysis
- Financial Statements
- General Ledger
- Accounts Payable
- Budget Preparation
- Attention to Detail
- Team Collaboration
- Annual reports
- Forecasting
- Payroll Auditing
- Accounts Receivable
- Credit analysis
- Intercompany Transactions
- Foreign Exchange
- Debt management
Drivinglicense
True, True
Residency
Articles 18 M
Personal Information
- Date of Birth: 12/27/88
- Gender: Male
- Nationality: Egyptian
- Marital Status: Married
Children
1, 1
Languages
Arabic
Native language
English
Proficient
C2
French
Elementary
A2
Timeline
Senior Accountant
Arzan Financial Group
09.2022 - Current
Senior Accountant
Kuwait Oil Company
10.2015 - 08.2022
Accountant
Kharafi National Company
12.2012 - 09.2015
Accountant
Premiere Investments for Assets and Portfolio Management – Premiere Holding
03.2011 - 08.2011
CO-Founder and Owner
Al- Hamad Trading for Imports & Exports
02.2011 - 09.2012
Internship: Surveyor
Raya Contact Centre - Raya Holding
03.2010 - 04.2010
Bachelor of Science - Business Administration – Banking
Sadat Academy For Management Sciences
American High School (Am. Diploma) -
Rajac American School
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