About Ahmed ElsawyCFM, CertIFR, FMVA

  • Academic Level Degree Bachelor
  • Gender Male
  • Industry Business Consultancy Services
  • Viewed 132

About me

  • Senior Finance Professional, offering 19 years of rich experience in Finance & Accounts
  • Excellence in reviewing and enhancing all financial procedures and internal controls, automating financial information systems along with business planning & strategy
  • Experienced in executing cost-saving techniques to achieve a substantial reduction in expenditure
  • Hands-on experience in financial & operational performance monitoring, setting up finance & accounts operations, audit, variance analysis, reconciliations and ensuring interpretation of financial statements
  • Enhanced financial processes through initiatives geared towards lowering risk, heightening productivity & improving internal control; extensive knowledge of modern accounting/cost control systems, standards & statutory compliances
  • Excels in augmenting finance & business performances to create competitive advantages through vision and cost-generating operational leadership
  • Provided insight into the financial decision-making process through analysis, financial projections (planning, budgeting and forecasting) and reporting; brought in scalable financial control in operations

 

Education

Experience

  • 2021 - 2022
    Empress Catering Co., Aswaq Al Qurain, Kuwait

    Chief Financial Officer

    • Analysis and preparation of the annual plan and quarterly forecasts
    • Developing annual business plan, annual budgets, and projected cash flow statements and conducting various analyses to determine the difference between projected & actual results and implementing corrective actions
    • Conducting an analytical review of financial statements and evaluating Internal Control systems for executing Control Audit

  • 2017 - 2021
    Ultramed International for General Trading Co., Sharq, Kuwait

    Finance and Human Resources Manager

    • Delivering financial & analytical support to all levels of management; managing fundraising activities by coordinating with banks & various financial institutions, preparing various business models with Financial Reporting
    • Defining financial objectives and formulating & implementing systems, policies & procedures to facilitate internal financial control in the areas of pricing, credit and collection
    • Devising & implementing policies and procedures as required to ensure that personal and financial information is secure
    • Monitoring payroll functions to ensure that employees are paid in an accurate manner
    • Managing / mitigating risk related to the Financial Systems and Operations

    Highlights:
    • Played a key role in augmenting profitability from 20% to 35%
    • Pivotal in amplifying the liquidity from 30% to 245% during 2018

  • 2016 - 2018
    Four Films Printing Group Co., Shuwaikh, Kuwait

    Cost Control Manager

    • Presented financial analysis of manufacturing plants & products to management
    • Collaborated with Vice President of Manufacturing to analyse the performance
    • Developed standard cost models using activity-based costing and standardized the approach to cost accounting across all Manufacturing Departments
    • Generated monthly closing of inventory accounting system including journal entries and reconciliations
    • Assisted in the design & implementation of Maintenance Department Inventory Controls and Software

    Highlights:
    • Successfully implemented:
    o New techniques to monitor production scrap and labour losses using the Lean Manufacturing & kaizen model
    o TC/TP (Target Cost/Target Profit) techniques in Quotation Process for new orders

  • 2014 - 2015
    Bench Business Advisory Co. (Hamad Al Sayer Groups), Kuwait City, Kuwait

    Accounting Manager

    • Managed & controlled the accounting of 16 Clients
    • Performed audit & review of all the financial transactions before posting
    • Coordinated with Banks & Auditors
    • Devised & implemented policies & Procedures for Internal Control purposes
    • Implemented continuous financial audit & control systems to monitor the performance of the firm compared to budget

  • 2009 - 2014
    Saud AbdulAziz Al Rashed Group, Kuwait City, Kuwait

    Chief Accountant

    • Managed financial transactions of 3 subsidiaries with various types of business (Trading, Investment, Real Estate)
    • Generated Monthly Financial Reports, Executive Summaries and assisted the Finance Manager in annual audits and updated accounting policies
    • Conducted reconciliation of general ledger & accounting transaction reports for accuracy
    • Inspected & verified all payment vouchers before making a payment
    • Authorized payments, bank reconciliation and depreciation calculations
    • Processed A/P A/R and billing needs for the company

  • 2006 - 2008
    Central International Hotels Co. & Kuwait First Logistics, Kuwait City, Kuwait

    Senior Accountant

    Monitored, maintained and reconciled all general ledger accounts of 3 subsidiaries in Kuwait & Qatar

  • 2005 - 2006
    Kuwait & Gulf Link Transport Co. (KGL), Free Zone, Kuwait

    Senior Accountant

    Prepared the Annual Budget for Agriculture Department during the 1st month of joining

  • 2002 - 2004
    CitiBank, Alexandria, Egypt

    Sales Executive

    Successfully enhanced customer base and established robust working relationships with clients

Expertise

Financial Planning & Analysis Budgeting / Forecasting / Cost Control Accounting / Taxation / Audits / Internal Control IFRS Compliance Business Process Improvement Cross-functional Coordination Statutory Compliance Management / MIS Reporting

Languages

Arabic
Proficient
English
Proficient

Portfolio

Honors & awards

Skills

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