Emad Lotfy

Results-driven Financial Manager with 20+ years of progressive experience across hospitality, technology, contracting, and manufacturing sectors in Egypt and Saudi Arabia. IFRS financial reporting, treasury management, budget planning, tax compliance (Zakat, VAT, income tax), ERP Odoo, and internal controls design. Skilled at building and leading high-performance accounting teams, coordinating external audits, and delivering strategic financial insights that drive executive decision-making.

Track record of reducing reporting errors, improving cash flow, and successfully managing tax examinations with zero penalties.

Financial Manager at Esnad for Hotels & Restaurants (2014-12 – 2024-12)

Led all financial management operations for a hospitality group operating hotels and restaurants in Saudi Arabia, reporting directly to executive management.

• Directed full financial reporting cycle (monthly, quarterly, annual) — delivering IFRS-compliant statements and management reports on time; reduced reporting errors by implementing documented control workflows
• Maintained 100% compliance with Zakat, VAT, and Saudi tax authority requirements across all business units
• Managed and negotiated bank credit facilities and treasury operations, optimizing liquidity and working capital across multiple properties
• Designed and implemented a comprehensive financial control system with documented workflow procedures, streamlining audit processes and reducing discrepancies
• Led annual budget planning and rolling forecasts; built KPI dashboards enabling management to track performance and take data-driven corrective actions
• Coordinated annual external audits with Big-4 and mid-tier audit firms, consistently achieving clean, timely audit opinions
• Supervised, trained, and mentored the accounting team — setting performance standards and ensuring day-to-day accuracy and efficiency
• Managed fixed assets register with up-to-date depreciation schedules across all hotel and restaurant properties
• Controlled inventory through regular physical counts, reconciliations, and integration with financial records
• Reviewed and approved all supplier reconciliations, payment authorizations, and petty cash management

Accounting Manager at TTWOER for Contracting & Supplies Co. (2014-04 – 2014-11)

• Established a structured accounts receivable follow-up policy that improved collections efficiency and materially reduced overdue balances
• Managed the full accounting cycle for a contracting and supplies business including GL, AP/AR, and month-end close

Chief Accountant / Senior Accountant at ABC Technology (2010-01 – 2014-03)

• Designed the complete chart of accounts and business analysis framework for a company-wide ERP system implementation — enabling accurate financial tracking from day one
• Coordinated and successfully closed a Sales Tax examination by the Egyptian Tax Authority with zero penalties
• Managed general ledger, financial reporting, month-end close, and bank reconciliations
• Supervised junior accounting staff and ensured compliance with Egyptian Accounting Standards

Chief Accountant at Anyway for Textile & Readymade Garments (2006-07 – 2009-12)

• Designed and documented the company's full financial workflow and internal control system, improving process compliance across finance and operations
• Managed cost accounting for textile production and inventory valuation
• Oversaw payroll processing and supplier payment workflows

Accountant at Arabian German for Manufacturing & Wood Products S.A.E. (2004-12 – 2006-06)

• Prepared tax declarations and successfully represented the company during an Income Tax examination by the Egyptian Tax Authority
• Managed general ledger posting, bank reconciliations, and accounts payable processes

Bachelor of Commerce in Accounting Department – Faculty of Commerce, Cairo University (2003)

:Courses – The American University in Cairo

International Financial Reporting Standards (IFRS)

Preparation of Financial Statements

Financial Reporting & Analysis

Managerial Economics

Intermediate Corporate