Medhat Yehia

Medhat Yehia

financial manager

Work History

Work History
Dec 2003 - Present

Deputy Financial Manager

Al-Mutlaq Furniture Mfg. Co
  • Provides procedures and policies necessary to maintain proper financial records and adequate accounting controls.
  • Responsible for knowing critical function within the department and capable of mentoring and assisting employees and utilize teamwork and develop departmental.
  • Reviews , investigates and maintain adequate audit trails to permit tracking a transaction from beginning to completion for the detection and correction of errors that arise
  • Responsible for supervising the overall accounting activities (GL, AP, AR, FA, Payroll) and provide approvals on their transactions.
  • Ensure that adequate financial and internal controls are in place for all activities relating to the accounting functions.
  • Ensure that the general accounting is properly performing by reviewing :
    • Accounts payable & Suppliers reconciliations.
    • Accounts receivable & Customers reconciliations.
    • Weekly bank reconciliations and daily integration transaction
    • Review monthly payroll & Make finance allocation.
  • Ensure treasury function effective by reviewing :
    • Review agreements with bank (Overdrafts, Term loans, LGs, LCs) and arrange, negotiate.
    • Maintaining effective &. Cash management by ensure proper cash flow management and forecast to be able to identify ahead of time the financial needs
    • Maturity of letter of credit and letter of guarantees.
    • Financing cost by each bank.
  • Preparation of financial reports (Income , Balance Sheet ,Cash flow, AR and AP aging reports, Inventory figures, FA monthly closing . Prepaid and Accrued expenses) and ensure that the financial reports is done on a timely manner
  • Maintain Fixed Assets register and update with transaction such as purchases, disposals and depreciation in accordance of company policy & procedures also conduct physical count each year and reconcile it with register and investigate the variances.
  • Review monthly payroll for employee salary, vacation pay, termination, resignation, etc. in relation to company policy and procedures and ensure that the payroll is transferred to employee on time.
  • Monitor customers and highlight deviations and significant variations and coordination with sales department to follow the accounts receivable that are collected in accordance with the terms of the contract and provide to management with monthly balance analysis of outstanding customers.
  • Ensure monthly reconciliation and settlement of the enter companies accounting
  • Maintain procedures to tight control over cash transactions by develop procedures and accurate implementation of the recording, classifying and summarizing of daily financial transaction.
  • Provides monthly, quarterly and annual financial and management reports.
  • Prepare the annual forecasted budget for next year
  • Liaison with internal and external auditors.
  • Close periods after approving all journal entries and open the next one and ensure that the periodic account closing activities are done on timely manner and accurate basis.

 

Nov 1992 - Oct 2003

Chief Accountant

Al-Khater Trading. Co
  • Plan, organize and direct daily operations.
  • Excellent strategic planning skills and able to interact with all levels.
  • Develop finance and accounting policy within the company in compliance with industry best practice
  • Responsible for the accounting, financial management, internal control systems of the company.
  • Responsible for the general integrity of the accounting function and related reports across all company accounts and other departments
  • Manages the general accounting functions (Payroll/AP/AR etc.)and drive the accounting system and software for the best implementation.
  • Finalization of monthly accounts, and controlling the LCs &LGs and accounts receivable and payable
  • Prepares financial statements and other reports to summarize and interpret current and projected company financial position.
  • Assist in providing and narrative financial highlights summarizing the operation performance of the company.
  • Assign duties to the accounting staff and supervise the duties assigned, verification and approval of the payments including petty cash, Supervise of payroll and other benefits computation, supervise of GL and subsidiary ledgers.
  • Coordinate with purchasing and warehouse, ensure that goods purchased under LCs are properly received and recorded ,coordinate with production control department to ensure that the stock is properly reported(physical inventories – continue updating of PC records)
  • Ensures that all payment to the suppliers are executed on time
  • Monitor financial control systems; oversee the collection and analysis of financial data, Oversee the preparation of reports.
  • Provides procedures and systems necessary to maintain proper financial records and adequate accounting controls and services.
  • Controlling commercial, receivable and credit management including handling and managing LCs and LGs
  • Reviews and approves procedures for accounting software programming and computer operations.
  • Reviews working capital/cash flow requirements and control cash flow of receipts and disbursements.
  • Directs and coordinates the establishment of corporate budgets.
  • Presents operating and capital expenditure budgets for review and approval by Board.
  • Liaise with banks and other financial intuitions, preparation and presentation of final accounts to the auditors

 

 

 

 

May 1991 - Oct 1992

Senior Accountant

ALBORG Co. FOR EXPORT & IMPORT EGYPT
  • Responsible for the maintenance of assigned general ledger accounts, payable, cash management and financial statement preparation accountable for the timely preparation of monthly journal entries and the reconciliation of the accounts.
  • Supervises the accounts payable function to assure timely payment of authorized disbursements and accurate recording of expenditure, and Issues the payment transfers.
  • Preparing monthly MIS and cash flow reports, and other report of analysis, including performing analytical procedures and investigating / resolving discrepancies.
  • Handling accounting operations including maintenance of general ledger, installments, credit and deferred income sub ledgers, reviewing the reconciliation of banks, suppliers and insurance companies.
  • Ensures accuracy in recording transactions and finalized monthly trial balance.
  • Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
  • Maintaining current fixed asset list for all locations monthly.
  • Presenting the various accounting reports to the top management and making suitable observations and recommendations.

 

Education

Education
1988

B.Com

Cairo University.

Portfolio

Portfolio

Portfolio

Skills

Skills

                                ·            Strong capabilities in ERP system (Oracle Applications financials R12& R11i)

  • Well versed in integrated software accounting packages, particularly strong capabilities in Excel, Word.

  • Professional experience, financial accounting & commercial combined with analytical.

COMPUTER PROGRAMMING

International Financial Reporting Standards

credit

insurance companies

System