Hazem Afifi

Results-driven Finance Manager experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.

• Membership No, 7084784 -Since
• May 2012 (INSTITUTE of MANAGEMENT
• ACCOUNTANTS) USA 6 - Preparing executive plans for new projects from a financial perspective, studying potential financial risks, and preparing alternative plans
• 7 - Review of operations and recommendation of new productivity or cost-saving initiatives and changes required to achieve targets 8 - Ensure that collections and disbursements are in line with the credit terms negotiated with customers and suppliers
• 9 - Manage Capex budget (coordination, communication, control)
• 10 - Presenting periodic, monthly, quarterly, and annual financial reports clarifying the financial situation against the budget, comparing the plan to the actual, examining deviations, and providing solutions and recommendations
• 11 - Performed monthly VAT return report & (Withholding TAX),
• Moreover (online Zakat management and answering queries of
• General Authority of Zakat & Tax) or any other report or Survey such as IKTVA
• 12 – Maintain a good relation with external Audit firm by facilitating their task by providing necessary information and preparing requested documentations & clarification
• 13 - Defines and facilitates the achievement of goals and key performance indicators (KPI) for direct reports and ensures effective implementation of the performance management process in the
• Finance Department
• Chief Accountant Oct 2015 - Dec 2018
• Ligabue Saudi Arabia Ltd – Dammam, Saudi Arabia 1 - Monitor overall accounting activities (GL, AP, AR, Fixed assets,
• Inventory, payroll, budgeting, Forecasting, Planning …
• Etc.) and provide approvals on their transactions based on Delegated Level of Authority
• 2 - Ensure proper reconciliation of statutory and management accounts and ensures the accuracy and Timeliness of Accounting
• 3 - Providing planning, analytical and strategic support to
• Business & Operations
• 4 - Ensuring month-end closing process is as per company policies and procedures
• 5 - Produce and review the financial statements (balance sheet, income statement and cash flow statement)
• 6 - Monitor bank transactions and bank reconciliation on regular basis between general ledger's banks accounts and bank statement received on a regular basis identifies and review all transaction which impacting Company bank accounts
• 7 - Performed monthly VAT return report & WHT (Withholding
• TAX)
• 8 - Coordinate with external auditors at year end (Financial
• Statements, ZAKAT & Income TAX
• Chief Accountant Jun 2013 – Sep 2015
• Brf Co Middle East - Jeddah, Saudi Arabia 1 - Monitor overall accounting activities (GL, AP, AR, Fixed assets,
• Inventory, payroll, budgeting, Forecasting, Planning …
• Etc.) and provide approvals on their transactions based on Delegated Level of authority
• 2 - Ensure proper reconciliation of statutory and management accounts and ensures the accuracy and Timeliness of accounting 3 - Providing planning, analytical, and strategic support to
• Business & Operations
• 4 - Ensuring month-end closing process is as per company policies and procedures
• 5 - Produce and review the financial statements (balance sheet, income statement and cash flow statement)
• 6 - Reviewing collection and ageing reports to determine status of collections and the number of outstanding balances
• 7- Recommending mid and long-term solutions for credit management
• 8 - Managing Inventory Process, Fixed Assets, and cash management
• 9 - Analyzing financial information and preparing reports to determine all financial activities 10 - Control and follow up on the reconciliation of accounts & statements
• 11 - Ensuring strict compliance with audit plan within timeframe
• 12 - Highlighting deviations in business plan and ensuring action plans set
• 13 - Prepares key performance indications (KPIs) such as DIO (day's inventory outstanding), DSO (day's sales outstanding) &
• DPO (day's payable outstanding …
• Etc
• 14 - Serve as a consultative business partner to other departments (Sales, Marketing & Logistic) or complex business issues, influence and innovate Sales strategies & validate the go- to-market including providing financial guidance to the Sales process
• 15 - Maintaining suitable relations depending on respect and trust with all departments head such as (sales, Marketing & logistic) and making general reports as necessary
• Corporate Senior Accountant Apr 2012 – Jun 2013
• Brf Co Middle East - Jeddah, Saudi Arabia 1 - Prepares and directs of daily vendor payment recommendation
• 2 - Review expenditure expense reports for proper authorization and precision
• 3 - Reform and execute operations and processes
• 4 - Review and verifying all bank transfers prepared by the accountants
• 5 - Manages all Payment vendors within the due date Review and verifying all SAP vendor contracts / PO
• 6 - Serve as contact for resolving complicated billing systems 7 - Develops, implements, and maintains systems, procedures and policies, including accounts payable functions to ensure adherence to company guidelines
• 8 - Follow up and performed the accrual expense, provides accounting assistance to the AP Department accountants 9 - Performed month and year-end close procedures, and reconciled all bank accounts
• Senior Accountant Jan 2010 – Apr 2012
• Brf Co Middle East - Dammam, Saudi Arabia 1 - Chase overdue invoices by telephone, email & letter within agreed time frame
• 2 - Build and maintain close links with all customers, to ensure smooth running of accounts and encourage timely recovery of payments
• 3 - Ensure that all transactions are compliant with SAP contract conditions
• 4 - Respond promptly and completely to both clients and internal inquiries
• 5 - Maintaining Credit Control reports accuracy & fully analyzing
• Customer's financial liabilities
• 6 - Ensure monthly processing deadlines are met as required
• 7 - Providing ad-hoc reporting as and when requested
• 8 - Undertake collected & pending debts reconciliations as
• Month-end, quarter end and year-end review for customers' balances on aging report
• 9 - Provide accurate advice on billing queries
• Senior Accountant Mar 2004 – Dec 2009
• MFO (Multinational Forces & Observers) Sinai, Egypt 1 - Prepares and directs of daily vendor payments
• 2 - Review and verifying all bank transfers prepared by Treasury
• Officer
• 3 - Manages all vendors Payments and verifying all SAP vendor contracts / PO
• 4 - Process and review fixed asset module SAP transactions
• 5 - Develops, implements, and maintains systems, procedures, and policies, including accounts payable functions to ensure adherence to company guidelines
• 6 - Respond to vendor inquires and clarification 7 - Respond to line manager special assignment
• 8 - Interface with management in other departments Month-end, quarter-end, and year-end closing section activity 9 - Inter-company transactions booking, review verifying and reconciliation.