Adel Mohamed Ismail Mohamed El Kolaay

• Al Wajeeh Holding company is a group of companies working in many different business lines General Contracting , Telecom Contracting , Contracting and building supplies and materials ( Concrete , ready mix , blocks ) , Water Bottling Factory ( Watany Water ) and real estate developments .
• Reporting directly to the CEO, Overseas the holding company activities monitoring all subsidies companies to ensure all policies and procedures are complied
• Managing the overall cashflow to set the proper strategy to cover all the companies needs on time
• Handling the company Zakat file & VAT to control and ensure all payments needs are made on time
• Support the holding company BOD in setting all future strategies and expansion in terms of
• CAPEX acquisitions, new projects etc
• Analyzing All risks that facing the company’s operation and taking the action needed to mitigate such risks to ensure the proper and smoothing daily operations
• Forecasting and fine tuning the planes that set by the subsidies by reviewing on quarterly basis to ensure the effectiveness and achieving the overall targets
• Maintaining & developing the of monthly management internal reports as well as quarterly audited financial statements
• Leading the fiscal responsibility of the company including the elevation of matters that should be brought to the attention of the management not limited to, deviations from policies, plans & budgets, extraordinary features revealed by the accounting records & suspected fraudulent activity

• One of the main table grape producers & exporter in EGYPT , as a senior executive with the co. responsible for managing the financial actions of the Co as well as controlling its accounting , costing and financial system .
• Added significant input in the company's investments, capital structure, and the company trends regarding its income and expenses
• Overseas the Co cash flow through coordinating with other operations departments and costs centres to maximize the overall profitability & cash position
• Maintain a well & healthy relationship with external financial institutions to secure the fund & facilities needed to cover any gaps in cash flow cycle
• Assisting the CEO with forecasting, cost- benefit analysis, and obtaining funding for various initiatives available in the financial industry,
• Follow up in auditing procedures for all company financials positions
• Assisting the top management in applying all internal procedures and define department SOPs along with compliance with external and third parties
• Maintaining a good relationship with authorities in related to customs, taxation, and other formalities in regards of all periodical returns and obligatory reports
• Handling all local banks facilities and long-term commitments specially with international lenders i.e., EBRD
• Monitoring the company risks and credit classifications with its clients to keep it at the best slandered level that need to the export process.

• The Co. main activities is in trading, import & export of main commodities, corps & fertilizers
• Maintain a documented system of accounting policies and procedures for the company to support risk management & accounting cycle process
• Oversee the operations of the treasury, including the procedures of payments and collections to ensure that sufficient fund is available to meet ongoing operations and investments
• Forecast cash flow positions, related borrowing needs, and available funds for investment activities when needed
• Maintain good relation with banks and other external parties & implementing financing relation with financial institutions specially in regards of import & export and trading instruments that being used in this regard (LC’s – LG’s - CAD etc.)
• Maximizing the credit facility with banks and develop new fund resources
• Manage the preparation of the Co.'s budget and forecasted plans for potential projects and operations
• Costing Control & report to management on variances from the established budget, and the reasons for those variances Assist management in the formulation of its overall strategic direction and plans including the engagement in ongoing cost reduction analyses in all areas of the company
• Recommend & Implement changes to the corporate credit policy with suppliers & customers
• Managing tax returns and affairs, coordinating in related issues with tax advisors .
• maintain the Co fiscal annual reports internally and in line with external auditors
• Coordinating in consolidating of fiscal year FS with the mother company in Dubai, UAE.

• The Company is one of the Oldest and biggest companies in the field of Tourism , Travelling and Shipping agency of luxuries foreign Yachts and Vessels operating in Egypt & Greece .
• Leading and managing all finance and accounting operations in line with company's internal policies as well as industry and market regulations
• Assisting the corporate finance department with the budget preparation and financial forecasts based on research and data reports in line with all company departments
• Controlling all payments to suppliers and employees in accordance with approved budget, as well as advice on cost control and cash flow position
• Manage company cash flow by regularly reviewing internal reports and tracking transactions as well as advising on means to enhance the cash flow management process
• Implementing good relations with banks to obtain the maximum facilities to support company financial resources
• Oversee and review the client collection process in coordination with customer service and collection teams
• Developing new channels of income to upgrade the corporate profitability
• Manage the implementation of an ERP system that includes financial reporting systems to ensure accurate, and compliant reporting for all financial transactions
• Develop internal accounting policies and ensure that all transactions are compliant with policies
• Lead a team of financial analysts and accountants to drive business and financial results as defined by senior management through delegating tasks, coaching, and developing direct reports to be as competent as the business requires
• Issuance of monthly management accounts reports as well as quarterly audited financial statements
• Manage relationship with related external stakeholders (banks, leasing companies, auditors, and tax advisors)
• Manage tax filings and review all transactions are tax efficient
• Managing the monthly end closing and consolidation with the mother company in Greece.

(The Publisher of the Free Weekly Classified newspaper Aswaq Baladna )

• After almost 8 years working abroad in different countries I Just settled and joined the new started company working in the field of the media and advertising and the publisher of (AswaqBaladna ) the free weekly classified newspaper distributing over Alexandria & Delta region .
• Reporting directly to the managing director, responsible of operational financial & programmatic support to the company, assisting the management on all strategic & tactical matters which related to budget management, cost benefit analysis, forecasting needs and planning for securing a funding channel to fulfill all the forecasted strategic plans, these responsibilities include the following as an example, but not limited to: -
• Ensuring that all daily accounting transactions are kept & posted according to the generally accepted accounting principles and comply with the company policies
• Ensuring full compliance with all local reporting requirements - prescribed by company laws and/or the regulator, auditors - including the accurate preparation and timely submission of periodic statutory reports, tax returns and annual financial statements
• Managing & controlling the monthly and quarterly closing processes, ensuring accurate results are reported as per company reporting guidelines
• Design and control financial and operational system to ensure the maximum financial control over the operation
• Providing sound financial analysis to accompany all results that demonstrate a sufficient level of understanding of the key driving factors behind the results in comparison to the budget and prior periods.
• Created organizational structures to improve accounting and finance functions.
• Managed regular finance tracking for numerous branch offices and headquarters expenses.
• Board, whilst ensuring that all stockholders fully understand the financial implications of the business decisions that are set
• Manage and plan the company cash flow and study for all treasury activities that can be utilized to raise the company profitability.
• Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.

The Golden Group of Companies is Omani group of companies working in the field of Real Estate investments, Constructions, Hotels & Hospitality (Safeer Hotels Group, Furniture’s & Household equipment, The Golden Furniture & Hayat Furniture

• I have started the new challenge with the Golden Group from mid of 2009 as The Finance Manager for the Real Estate &Property Management Division reporting to the Group CFO: -
• Following Up the entire daily accounting transactions with the accounting team to ensure applying of all financial policies & procedures
• Following up the financial activities belongs to the shareholders & other investors related to the new projected investments projects (potential property, buildings positions, rental rates etc.)
• Coordinate with the real estate marketing team for all new agreements, unites rental rates to get the best return on investments .
• Follow up with my subordinates for the monthly closing and consolidations including all related parties’ periodical reconciliations
• Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
• Coordinate with external auditors for the closing of the periodical Financial Statements
• Follow up with the fund’s activities (Banks, Financing Companies) to secure a timely and perfect level of cash to the proper constructions’ operations and property maintenance
• Elevation of matters that should be brought to the attention of the management not limited to, deviations from policies, plans & budgets, extraordinary features revealed by the accounting records & suspected fraudulent activity

(Waseet the free, weekly, classified newspaper, Affiliated of the AWI Corporation working in the field of the Media, Publishing, Advertising & Distribution)

• Reporting to the Group Finance Director, handle all the operation is financial & Admin Activities: -
• Maintain an adequate and comprehensive financial records of the company, Plan, coordinate, and direct the activities of the accounting team.
• Created organizational structures to improve accounting and finance functions.
• Direct timely preparation and analysis of all financial reports and statements, coordinating with both commercial and operational departments for projects cost and reconciliations
• Control & tracking of the printing cost & paper stock pricing to be working in line with the forecasted annual budget to be manage according to the forecasted profitability
• Coordinating with major supplier (Printing house & paper suppliers) to find out best pricing and get best offers can be used to raise company efficiency
• Responsible for budgeting & forecasting, measuring the effects of final variances & report to the top managements along with the proper clarifications
• Coordinate with external auditors to finalize periodical and annual financial statements, as well as any other reports needed by management
• Maintain and implement proper control over monthly inter-branches & sister companies reconciliations
• Ensure compliance with company policies, procedures, and other internal and administrative controls.

The company is the sponsor of Waseet Company for Advertising & Publication in Khartoum -Sudan Waseet the free, weekly, classified newspaper, Affiliated of the AWI Corporation working in the field of the Media, Publishing, Advertising & Distribution

• I promoted to handle the position of the Finance and Administrative Manager within Sudan operation in Khartoum,
• Control & handle the financial & admin operation transactions to ensure the accuracy & adequate of the financial data & records
• Plan, coordinate, and direct the daily activities of the accounting team
• Direct timely preparation and analysis of all financial reports and statements which needed by the top management
• Managed regular finance tracking for numerous branch offices and headquarters expenses.
• Ensure that payment requests processed promptly and review cash flow to ensure that all collections are deposit daily
• Responsible to arrange the whole branch operations forecast/ budgets to be present to the group board of directors
• Control & tracking of the printing cost & paper stock pricing and evaluation by managing of the importing paper quantities needed for the operation and working in line with the forecasted annual budget to can be managed according to the profitability
• Responsible to ensure a better relationship with the company supplier to secure a better way of and terms in delivery & payments
• Due to the weak quality of the printing house in Sudan in that time I have been planned & succeeded to execute the project of printing the weekly issue of the paper in Egypt (at Akhbar
• El Youm printing House) then to be shipped and delivered in only one night on weekly basis to be distributed on time with no lack of delivery or any delays
• Prepare of monthly profit and loss accounts to monitor performance against budget and liaise with the concerned departments to investigate and justify significant variances
• Review the financial activities, monitoring the accounts to ensure outstanding items are clear and up to date.

• Waseet the free, weekly, classified newspaper, Affiliated of the AWI Corporation working in the field of the Media, Publishing, Advertising
• I Have been joined the co as a Chief Accountant for Alexandria branch within Egypt operation acting as a branch finance manager reporting to the country financial controller as well as the group finance director as I was having the full authority & delegations need for that and to fulfill the following: -
• Control the daily financial transactions and branch admin activities
• Prepare weekly and monthly reports with variances comments
• Analyze general and sales expenses, review payables and receivables
• Authorized to sign checks and make cash payments with the company policies and procedures
• Ensure compliance with the company's policies, procedures, and other internal and administrative controls
• Maintain timely suppliers’ payments and ensure management controls of receivables.
• Reviewed business operations and obligations to help organization function at acceptable level.
• Drafted variance reports, regulatory filings, and related schedules.

• The Group is one of the biggest group of companies working on the field of FMCG for the food, beef processing, bakery, juices & concentrates
• After almost the two years working with the company group as Junior accountant since, I have been promoted to the position of the Senior Accountant having the following responsibilities and duties: -
• Recall basic bookkeeping, maintaining accounts and letters of credit.
• Manage accounts payable, arrange for the payments with the import department.
• Handle and control of all bank accounts reconciliations on daily, weekly & monthly basis and for fiscal year closing as well
• Prepared monthly journal entries and reconciliations.
• Coordinate with cost accounting dep. with all cost centres for the monthly cost evaluations vs Budget
• Coordinate with costing division for new products costing, pricing & evaluating and review for existing products as well
• Assisted team members in transitioning to new system through extensive training and one-on-one support.

• During my collage studies I have been on training with one of the private auditing and taxation consultant firms (Hassan Fetteha & Associates).
• Sorted and organized files, spreadsheets, and reports.
• Interacted with customers by phone, email, or in-person to provide information.
• Gathered, organized and input information into digital database.