Eslam Elsafey

Finance Manager | Accounting Manager with 17+ years of progressive experience in Saudi Arabia across trading, contracting, and real estate sectors. Advanced through multiple accounting functions from Treasury & Receivables Accountant to Accounting Manager, developing strong expertise in financial reporting, budgeting, forecasting, cash flow management, VAT compliance, multi-branch operations, ERP systems, and financial controls. Experienced in leading accounting teams, coordinating with external auditors, improving liquidity, optimizing costs, and supporting executive decision-making within high-volume business environments.

Successfully passed tax inspections under ZATCA regulations with zero violations.

Accounting Manager at Abdulkarim Abahussain Sons Co. (2022-01 – Present)

• Lead financial operations and cash flow management across 5 branches.
• Supervise a team of 23 employees including accountants, cashiers, and sales staff.
• Improve reporting accuracy and operational efficiency through process monitoring and task management.
• Prepare monthly financial statements, cash flow reports, profitability analysis, and management reports within 5 days of financial closing.
• Prepare budgets, forecasts, and liquidity plans to support operational and strategic financial decisions.
• Improve cash flow through supplier credit optimization, collection control strategies, and increased cash sales ratio.
• Perform cost control analysis and monitor operating expenses across cost centers.
• Strengthen internal controls through review of POS transactions, reconciliations, bank transfers, and supporting financial documents.
• Coordinate with external auditors and prepare quarterly audit reports and supporting financial schedules.

Senior Internal Auditor / Senior Accountant at Abdulkarim Abahussain Sons Co. (2018-01 – 2021-12)

• Conduct internal audits across trading, contracting, and property management operations to strengthen financial controls and operational compliance.
• Review treasury activities, daily journal entries, supplier accounts, customer balances, and branch financial transactions.
• Prepare bank reconciliations for 14 bank accounts and monitor banking transactions and balances.
• Coordinate with external auditors and prepare quarterly audit reports, reconciliations, and supporting financial schedules.
• Prepare and submit monthly and quarterly VAT returns for trading activities since VAT implementation in 2018 with zero penalties or violations under ZATCA regulations.
• Improve accounting accuracy and strengthen internal control procedures across company operations.

Senior Accountant – Contracting & Real Estate at Abdulkarim Abahussain Sons Co. (2014-01 – 2017-12)

• Manage accounting operations for construction projects and real estate activities.
• Monitor project costs, subcontractor payments, work-in-progress (WIP), and project profitability.
• Prepare project budgets, cash flow requirements, and cost variance reports.
• Monitor lease contracts, customer collections, and real estate financial transactions.
• Support management with financial analysis related to project performance and cost control.

Accountant – Procurement & Inventory at Abdulkarim Abahussain Sons Co. (2011-01 – 2013-12)

• Process local and international purchase invoices and maintain supplier accounts and procurement transactions.
• Prepare landed cost for imported goods including freight, customs duties, clearance charges, and related procurement expenses.
• Monitor inventory movement, stock transfers between warehouses and branches, and inventory cost accuracy.
• Support inventory control procedures, stock reconciliations, and imported goods cost monitoring.

Accountant – Treasury & Receivables at Abdulkarim Abahussain Sons Co. (2008-01 – 2010-12)

• Handle treasury transactions, customer collections, receivables, and daily cash activities across company branches.
• Monitor customer balances and support collection and liquidity control procedures.
• Process payroll transactions, employee settlements, and banking activities.

Cost Accountant at Al Saad Dairy Factory (2007-01 – 2008-12)

• Prepare product costing, variance analysis, and manufacturing cost reports.
• Support cost control procedures and inventory reporting activities.

Bachelor of Commerce in English Section – Alexandria University