About Safwat Albatran
I’m CMA holder with more than 20 years of qualification experience in financial and accounting functions in multiple industries, I am looking for a challenging position offering opportunities for professional and growth where I can add value and contribute to the company’s profitability and growth
Faculty of commerce - Cairo university
Institute of Management Accountants – USA
CMA (Certified Management Accountant)
Institute of financial consultants - Canada
CFC (Certified financial consultant)
2011 - 2020
Main responsibilities - Responsibility to safeguard value of company assets. - Ensure that accurate financial and accounting records are maintained in accordance with (IFRS) and local regulations. - Overseeing all accounting functions including payables, receivable, fixed assets, payroll, petty cash, inventory, costing and general financial reporting. - Manage all activities with banks (LC\'s, LG\'s, cash deposit, bank reconciliation, foreign exchange, bills, remittance, and credit facilities). - Monitor the Company liquidity in all banks accounts on daily basis, Control and monitor all of banks credit facility. - Review collection reports to determine the status of collections and the amounts of outstanding balances. - Oversee and improve the flow of cash by increasing the cash flow and reducing dependence on banks facilities. - Prepare annual budgets after collecting and compiling the data from the different departments. - Comparison of actual performance with budget and interpretation of variance with explanations for significant variances. - Timely and accurate preparation of monthly, quarterly, half-yearly and annually financial reports Actual vs. budget. - Prepare Feasibility Study for a new project or expansion project using financial indicators (NPV, IRR, and pay-back period). - Management of working capital. - Preparation of financial statements (Balance Sheet, P&L and cash flows). - Prepare of the Zakat declaration and withholding tax. - Liaison with external auditors (big four Auditing firms), regulators and other external parties. - Manage and develop the accounting team to improve the team capabilities and department efficiency.
2006 - 2011
Saudi can company
Main responsibilities - Supervise and control of all general ledger accounts, receivable, receipts, payables, payment, payroll, petty cash, inventory, assets, and customer’s credits based on ERP Systems (MFG-PRO System - Oracle). - Supervise monthly review of closing process and reconciliation of general ledger accounts (accruals, prepayments.) - Prepare costing and pricing of new products and the annual revision of standard costs. - Preparation of regular reports on sales, outstanding debtors, creditors, capital expenditure and inventory. - Prepares monthly, quarterly and annual financial reports for actual performance. - Coordinate with all division heads in the process of preparing annual budget. - Comparison of actual performance with budget and interpretation of variance. - Prepare Financial Statements (Balance Sheet, P&L and cash flows). - Prepare consolidated Financial Statements include our subsidiary (Saudi can closures co. a joint venture with Bericap Germany). - Prepare of the Zakat & Tax declaration and withholding tax. - Coordinate with auditors and internal controllers and ensure the fulfillment of their entire requests.
2000 - 2006
Main responsibilities - Processing and maintaining all accounting transactions in the system based on ERP Systems (EMIS System - Oracle). - Supervise monthly general ledger accounts (payable, receivable, payroll, and inventory). - Ensuring that accounting documents are processed to correct account code, cost center, and project. - Ensuring that necessary accruals and prepayments are calculated and processed on a monthly basis. - Preparing monthly trial balances. - Preparing monthly bank reconciliation and reconciliation of various balance sheets accounts. - Preparing monthly and quarterly reports required by management. - Implements internal control and controlling documents cycles. - Controlling inventory, fixed asset, Payroll, and all payments. - Preparing and maintaining balance sheet, profit & loss statement and cash flow statement.
Honors & awards
Certified Management Accountant Institute of Management Accountants – USA