Ammar Darrag, Accounting & Finance Professional

About

Accounting & Finance professional with 15 years of professional work experience. I have worked with difference managerial levels and within multinational organizations locally and abroad. I have skills in Accounting, Finance, Internal Audit, Internal Controls, Month end closing process, General Ledger, Accounts payable, Accounts receivable, Cost Allocation, Trial Balance, Balance Sheet, Income Statement, Cash flow, Cash flow forecasting, Payment Plans, Bank transactions, Reconciliations, Oracle, ERPs, SAP, QuickBooks & communications skills.

Experience

Al Andalous Pharmaceutical Industries

Feb 2022 – Present

Egypt

Senior Supervisor GL & Reporting

• Review of all GL transactions, coordinate and manage month end closing process and reconciliation of general ledger accounts. • Report, analyze, and ensure integrity and reliability of all financial information. • Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports. • Preparation of financial statements according to IFRS monthly, quarterly & annually. • Preparing monthly cash flow forecast & payment plan. • Preparing Power Point Presentations for company financial Performance and Profitability analysis quarterly. • Preparing monthly sales analysis per product. • Preparing variance analysis (Actual Cost VS Budget). • Preparing variance analysis for P&L and Balance Sheet against previous years. • Preparing benchmark analysis & average market analysis against company’s performance. • Preparing financial analysis ratios (Profitability, Leverage, Efficiency, Liquidity ratios) • Preparing OPEX report and other customized reports. • Utilize teamwork to develop departmental synergy.

The American University in Cairo (AUC)

Jan 2020 – Oct 2022

Egypt

Senior Grants Accountant

• Managing financial transactions and reporting for USAID, UNICEF, UN, UNESCO, European Commission & other International and local Grants. • Review grants& awards budgets and its agreements. • Monitoring of grants budgets against expenses. • Generating grants financial reports and observing benchmarks. • Preparing donner reports. • Provide risk informed solution-focused analysis. • Ensuring expenditures are allowable, allocable and reasonable and are in compliance with the granting agency’s regulations. • Provide advice on adjusting budgets and expenses allocation on budget items. • Provide technical assistance to increase capacity in terms of fund allocations and grants management. • Liaise with counterparts internally and externally to collaborate, support analysis and reporting for planned activities. • Investigate and identify issues that may arise and take corrective actions to ensure timely and smooth implementation and fund utilization along with accurate reporting. • Monitoring Budgets and work plans based on donner approvals and approved allocations and oversee implementations using data reflected in SAP/ Vision and other resources financial transparency. • Collaborate with programs managers. • Accounts payable review, tracking and following up of invoices and posting in system. • Accounts receivable tracking and following up of invoices and posting collections in system. • Review and audit of documentations and taking the required approvals.

Freelancer

Oct 2018 – Dec 2019

Egypt

Freelance Accountant

• Accounts receivable tracking and following up of invoices, its collection and posting in system. • Accounts payable Tracking and following up invoices and attached documents and processing payments. • Processing accounting transactions and postings. • Processing bank transactions and reconciliations. • Maintain accruals, prepayments and other GL transitions. • Preparing financial statements. • Preparing cash flow and cash flow forecast. • Preparing operating expenses report.

Concord Electrical Contracting

Apr 2018 – Aug 2018

Qatar

Finance Manager

• Review of daily accounting transactions. • Review of payment vouchers and cheque issuance. • Review of all accounts payable & accounts receivable transactions. • Following the accounts receivable transactions and its collections. • Review of petty cash reimbursement and its transactions. • Review of bank transactions and reconciliations. • Maintain bank correspondences and relationships. • Preparation of Progress reports for projects and operating expenses reports • Preparation of profit and loss statements for each project. • Preparation of cash flow weekly and monthly. • Preparation of cash flow forecast and payment plans. • Prepare monthly analysis of cost of goods sold. • Maintain accruals and prepayments. • Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports. • Coordinate and manage monthly closing process and reconciliation of general ledger accounts. • Arranging and coordinating with External Auditors. • Report, analyze, and ensure integrity of all financial information. • Utilize teamwork to develop departmental synergy.

Al Baida Group, Qatar

Oct 2017 – Mar 2018

Qatar

Internal Auditor

• Review and audit of different company projects and checking progress status. • Review of daily financial transactions. • Review of petty cash transactions and reimbursement. • Review and check of invoices and payments. • Review and check of clients’ accounts and collections. • Assuring a proper safeguarding of assets. • Identify operational opportunities for cost savings and preparing of cost reduction plan. • Preparing of profit and loss Analysis for each project and observations. • Analyses and evaluations of internal controls. • Reporting the audit observations and recommendations to enhance the overall progress.

Doha Real Estate Development Co.

Sep 2014 – Aug 2017

Qatar

Internal Auditor

• Review compliance with company's rules and procedures and assuring its implementation in a proper way. • Assuring a proper safeguarding of assets. • Evaluate the accuracy, effectiveness, and efficiency of operations. • Conduct audits across finance, procurement operations and supply chain. • Review and audit of all accounting transactions. • Preparation of adjusting entries and closings. • Monitor and review all daily transactions. • Reconcile and follow Trail balance transactions and balances. • Audit of HR policies and practices. Audit and check salaries report and final settlements and payments. • Bank reconciliations and review weekly reports. • Arranging and coordinating with External Audit office. • Review of contracts with sub-contractors& suppliers. • Audit and analyze of accounts receivable. Review all accounts of clients and its collections and settlements. • Audit and analyze of accounts payable. Review and check invoices and payments. Review and check cheque issuance. • Identify operational opportunities for cost savings and revenue enhancements. • Preparation of Financial statements according to IFRS. • Analyses and evaluations of internal controls, current business flows, policies and procedures. • Reporting audit observations, recommendations and suggestions to top management.

Power line Engineering Qatar Co.

Sep 2013 – Sep 2014

Qatar

Internal Auditor

• Review compliance with company's' rules and procedures and assuring its implementation in a proper way. • Evaluate department's performance according to their tasks and upcoming targets. • Evaluate the accuracy, effectiveness, and efficiency of project's plans. • Assuring a proper safeguarding of assets. • Monitoring Safety procedures and its documentations. • Review of contracts with sub-contractors& suppliers. • Review of bidding and new contracts. • Audit and analyze of accounts receivable. • Audit and analyze of accounts payable. • Analyze budget variances and its reasons. • Identify operational opportunities for cost savings and revenue enhancements. • Reporting audit observations, recommendations and suggestions to top management.

Power line Engineering Qatar Co.

Mar 2012 – Sep 2013

Qatar

Senior Accountant

Accounts receivable tracking and following up updated certificates from projects managers and consultants and its collections. Preparing reports about the situation of all projects’ receivables. • Working on the percentage of completion of projects, and its cost and revenue. • Accounts payable Tracking and following up invoices and certificates from projects management and document control. • Preparing financial statements quarterly (B/S, Income statement, Equity Statement). • Reconcile bank accounts and preparing bank reconciliation statement. Preparing reports about bank accounts situation for all the projects • Fixed assets tracking and processing of depreciation. • Preparing cash flow for all projects according to budgets and contracts. • Preparing all of GL entries. • Preparing Payment vouchers, purchase vouchers, sales vouchers& journal Vouchers.

MAS Co. For Engineering And Contracting SAE.

Aug 2008 – Feb 2012

Egypt

Accountant

• Preparing all kinds of entries, manual bookkeeping and posting entries. • Calculating WTH and salaries tax. • All banking formalities & transactions including preparing letter of guarantee, letter of credit, account transfers, deposits, certified checks and bank reconciliation statement. • Preparing payments settlements. • Preparing reports, dealing list about internal sub-contractors, vendors, customers, and preparing reports about work in progress and work done. • Auditing of invoices. • Share in preparing balance sheet. Experience of

Education

Alexandria University

Sep 2003 – Jul 2007

Bachelor Degree, Accounting

Ammar Darrag

Accounting & Finance Professional

Skills

Languages