Eslam Magdy Elbendary
Cairo
Summary
Accomplished financial management and accounting professional with 8 years of experience driving company growth. Proven expertise in employing best practices in accounting, financial management, and team leadership. Dedicated to implementing changes for continuous improvement and effectively influencing processes to achieve operational excellence. Skilled in financial statement preparation and analysis, operational management.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Regional Senior Accountant
ARABIAN CONSTRUCTION COMPANY
08.2021 - Current
- Enhanced Accounting Accuracy by over 80% by Streamlining Branch Accounting Processes to Align with Environmental Requirements
- Conducted comprehensive audit procedures on related party balances, which reflects in enhancing financial clarity by 25% and reducing audit inconsistencies by 30%
- Resolved more than 80% of the aged pending issues for subcontractors over 3 years of work by establishing contact with SSC regarding pending invoices and PCs
- Reconciled suppliers, subcontractors, and clients
- Reviewed petty cash balances and year-end closing procedures, through restructuring communication flow among 4 departments and cut down errors by over 70%
- Streamlined payment approval workflow, cross-referencing invoices, and purchase orders, resulting in a 35% decrease in processing time and ensuring accurate financial record-keeping
- Recused bank discrepancies by Maintaining an efficient bank reconciliation system monthly
- Oversaw the Trial Balance (T.B.) and pinpointed areas for enhancement by defining and tracking issues
- Elevated performance across two branches by over 20%, through the generation of ageing reports and the maintenance of vendor balances, and reviewed the advance payments and retention balances with the Quantity Surveyor QS team
- Managed and supervised a team of four accountants across three branches in Côte D’Ivoire, Cameroon, and Guinea.
- Prepared quarterly and annual financial statements over 4 countries.
- Facilitated internal and external audits by preparing essential documentation and addressing auditor inquiries.
- Identified and analyzed financial statement discrepancies, pinpointing issues and recommending corrective actions to prevent recurrence.
Accountant - Senior Accountant
ARABIAN CONSTRUCTION COMPANY
10.2016 - 08.2021
- Orchestrated the integration of supplier invoices into financial records by mastering Vendor & Bank reconciliations and Clearing Entries, which led to a promotion to Senior Accountant within less than 3 years and the successful leadership of a four-member team
- Supervised the process of 3 Way Matching through SAP, and proceeded with direct posting between intergroup companies
- Led the process of solving Pending issues with suppliers by contacting more than 5 branches aver the MENA region
- Standardized the approval process for invoices, petty cash requests, and credit notes to enhance accountability, resulting in a 15% reduction in processing errors and improved financial controls
- Conducted training for new hires on the SAP system and corporate policies
Customer Service Accountant
ARAB AFRICAN INTERNATIONAL BANK
10.2015 - 10.2016
- Facilitated and coordinated with various branches and departments to ensure seamless operations
- Top 3 achievers during the first 6-month process
Education
Bachelor of Accounting - Double Major Certificate
07-2018
Bachelor of Business - Business Management
09-2015
Skills
- Training
- Team management
- Financial reporting
- Cashflow processes
- Deadline oriented
- SAP (FICO)
- A/P & A/R
- Assets
- Microsoft Excel
- General ledger accounting
Certification
- ACCA (Candidate)
- IFRS ( Candidate )
- Professional Ethics
- AI career essentials (AICE) (2024)
Languages
Arabic
Native or Bilingual
English
Full Professional
French
Professional Working
Timeline
Regional Senior Accountant - ARABIAN CONSTRUCTION COMPANY
08.2021 - Current
Accountant - Senior Accountant - ARABIAN CONSTRUCTION COMPANY
10.2016 - 08.2021
Customer Service Accountant - ARAB AFRICAN INTERNATIONAL BANK
10.2015 - 10.2016
- ACCA (Candidate)
- IFRS ( Candidate )
- Professional Ethics
- AI career essentials (AICE) (2024)
AL-AZHAR UNIVERSITY - Bachelor of Accounting, Double Major Certificate
AL-AZHAR UNIVERSITY - Bachelor of Business, Business Management
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