Mahmoud Shahatah
Chief Accountant
Jeddah
Summary
Mid-Career Accounting and financial management professional with over 6 years of professional career, have finalized the statutory financial statement more than 5 times and hands on experience of periodic closing of financial statement on Monthly & Quarterly basis.
Well acquainted with designing chart of accounts, mapping of transactional process, linking of base journal to final financial statement. Mid-level Expert in finalizing the financial statements i.e. Balance Sheet, Income statement, Cash flow statement and Equity Statement.
Currently engaged as Chief Accountant with multi-million Group M/s KAKI Hospitality Group with 10 wholly owned subsidiary companies and operating 15 restaurants under national and International Brands in KSA. Being part of Divisional finance team heading the accounting management of one largest business unit of the Group M/s Advance Food Preparation Company and leading a team of 4 accountants and reporting to Corporate CFO.
Responsible for ensuring the adequate internal controls, timely transaction process and generating the periodic and management accounting reports. Covering all aspects of accounting management, i.e. Cash flow projections, Revenue Projections, Payment Plans and Supplier Management.
Overview
9
9
years of professional experience
4
4
years of post-secondary education
2
2
Certifications
Work History
Chief Accountant
Advance Food Preparation Company _KAKI Hospitality Group
Jeddah
12.2013 - Current
- Assisted Corporate CFO to build the accounting system for Advance Food Preparation Company.
- Refined the entire accounting procedures for Restaurants Sales and implemented internal controls process under the guidance of Corporate Finance Office.
- Reduced the cash replenishment time from 7 working days to 3 working days
- Reduced the petty cash usage 52% by introducing the imprest petty cash system and eradicates the floating petty cash accounts.
- Improved cash management by 15% with effective negotiation with the suppliers and ensured Rebate on supplies.
- Streamlined revenue tracking for 4 restaurants and established daily cash reconciliation.
- Managed suppliers with average monthly procurement of 3.5 Million.
- Established inventory count and variance investigation process at central warehouse of the company
- Managed intergroup transactions and reconciliations.
- Standalone responsible to prepare the cash reports, revenue reports, revenue growth analysis and variance analysis against the budgets.
- Finalized the weekly bank reconciliations and suppliers accounts
Coordination with external and internal auditors of the company
Education
Bachelor of Science - Accounting
KFS University
Egypt 01.2008 - 05.2012
Skills
Annual budget preparation
Certification
Certified Finance Manager (CFM)
Timeline
Certificate International Financial Reporting(ACCA)
10-2018
Certified Finance Manager (CFM)
08-2018
Chief Accountant
Advance Food Preparation Company _KAKI Hospitality Group
12.2013 - Current
Bachelor of Science - Accounting
KFS University
01.2008 - 05.2012
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