Summary
Overview
Work History
Education
Skills
Certification
Languages
References
Timeline
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Sabry Elbauomy

Sabry Elbauomy

Jeddah,02

Summary

Detail-oriented professional with extensive experience in accounting and financial management across diverse industries. Proven track record in supporting company expansion efforts, creating and evaluating financial statements for accuracy and compliance. Strategic in overseeing credit managers and collaborating with external auditors to ensure regulatory adherence and drive process improvements. Innovative in implementing internal controls, conducting credit reviews, recommending limits, and devising risk mitigation strategies. Taxation expert with comprehensive skills in tax planning, compliance, and audit management. Demonstrated ability to lead strategic initiatives through effective team collaboration, optimize tax processes, adapt to regulatory changes, and align analytical insights with business objectives.

Overview

14
14
years of professional experience
1
1
Certification

Work History

Accounting and Tax Manager

Ferrero International
01.2022 - Current
  • Establish partnerships in Kuwait and Saudi Arabia whilst aiding in company's expansion plans. Create and assess financial statements, such as balance sheets and income statements. Direct credit managers to oversee credit activities and enhance cash flow. Conduct credit analysis and monitor customer accounts as the local credit manager. Collaborate with external auditors to comply with regulations. Contribute to projects improving processes and financial controls. Manage month-end and year-end financial closings meticulously.
  • Executed E-Invoicing system.
  • Negotiated partnerships with financial institutions.
  • Executed internal controls and audits to enforce company policies.
  • Reduced processing time by 20% by simplifying accounting processes.
  • Ensured process and performance improvement by supervising team of 10 accountants.
  • Boosted financial reporting accuracy and efficiency by introducing enhancements in SAP.
  • Researched and analyzed tax developments and applications to specific business situations.
  • Served as a subject matter expert in various operational areas such as transfer pricing, international taxation, and state/local taxes.
  • Prepared detailed tax projections for clients, assisting them in making informed decisions regarding cash flow management and future planning.
  • Coordinated with external auditors to facilitate smooth and timely completion of annual financial audits.
  • Identified potential areas of risk exposure in existing operations, recommending corrective actions to mitigate liabilities.
  • Complied with established internal controls and policies.
  • Prepared internal and regulatory financial reports, balance sheets and income statements.
  • Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
  • Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
  • Collaborated with cross-functional teams to ensure seamless integration of tax considerations into business decisions.

Senior Accountant

Ferrero International
01.2019 - 12.2021
  • Appointed local credit manager to enforce company credit policy. Oversaw receivables factoring in prominent Kuwait market. Cultivated strong relationships with stakeholders and banks. Collaborated with sales and marketing teams to assess and approve credit terms.
  • Reduced overdue payments from 15% to 5%.
  • Implemented automation for reports, aging, and accounts statements.
  • Resolved customer credit issues with focus on satisfaction and retention.
  • Eliminated factoring fees and saved 2.5% of credit sales.
  • Played key role in integrating new ERP system and maximized financial reporting efficiency.
  • Established successful joint venture in Kuwait aimed at enhancing company's expansion and growth strategy.
  • Reconciled balance sheets and streamlined best practices for balance sheet processes.
  • Prepared monthly journal entries and reconciliations.
  • Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
  • Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
  • Improved cash flow management by implementing stricter credit policies.
  • Decreased financial discrepancies, thoroughly investigating and resolving any variances in account balances.
  • Enhanced budget forecasting accuracy, employing comprehensive variance analysis techniques.

Senior Accountant

Bustan Khaleeji for Trading
01.2013 - 12.2019
  • Managed and analysed credit portfolios for diverse clients. Developed and executed policies to reduce credit risk and enhance collections efficiency. Monitored customer credit limits, reviewed applications and assessed creditworthiness. Collaborated with sales team to evaluate customers and establish credit limits/payment terms. Prepared and analysed monthly credit reports, aging analysis and bad debt provision.
  • Supported audits and ensured compliance with internal control policies and regulations.
  • Initiated and oversaw collection activities, including issuing notices and arranging payments.
  • Conducted regular credit reviews and recommended credit limits and risk mitigation strategies.
  • Reviewed documents and accounts for discrepancies and resolved variances.
  • Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
  • Boosted team productivity with introduction of cloud-based accounting software.

Accountant

Hanin Intl. Trading Co.
07.2011 - 12.2012
  • Managed the basics daily work in Excel.
  • Followed up the overdue.
  • Managed AR & AP.
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Reconciled accounts and reviewed expense data, net worth, and assets.
  • Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.

Education

Bachelor of Commerce -

University of Mansoura

Good + In Accounting and Administration - undefined

Mansura University

No Degree - IFRS

ACCA
UK
03-2015

Skills

  • Accounting Management
  • Financial Statement Analysis
  • Relationship Management
  • Leadership
  • Microsoft Excel
  • Internal Controls
  • Credit Analysis
  • E-Invoicing
  • Forecasting
  • Budgeting
  • Financial Statements
  • Microsoft PowerPoint
  • Performance Improvement
  • Management
  • SAP CRM
  • Credit Risk
  • Automation
  • Integration
  • Regulatory Compliance
  • Risk Mitigation
  • Cash Flow Management
  • Team Building
  • Work under Pressure
  • Team developments
  • Tax advisory services
  • Tax compliance expertise
  • Tax process improvement
  • Compliance assessment
  • Willing to learn
  • Teamwork and collaboration
  • Problem-solving abilities
  • Attention to detail
  • Team building leadership
  • Financial analysis and reporting
  • Recruitment and hiring
  • Risk assessment

Certification

  • CERTIFRS, ACCA
  • March 2019 – September 2019
  • ICDL, UNESCO
  • January 2010 – July 2010
  • CPA (In Progress), AICPA

Languages

English
Arabic

References

Hayssam, El-Haj, +971521627893, Ferrero

Timeline

Accounting and Tax Manager

Ferrero International
01.2022 - Current

Senior Accountant

Ferrero International
01.2019 - 12.2021

Senior Accountant

Bustan Khaleeji for Trading
01.2013 - 12.2019

Accountant

Hanin Intl. Trading Co.
07.2011 - 12.2012

Good + In Accounting and Administration - undefined

Mansura University

Bachelor of Commerce -

University of Mansoura

No Degree - IFRS

ACCA

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Sabry Elbauomy