Chief Accountant with extensive experience in financial management and reporting.
Mohamed Safwat Mohamed is a highly experienced Chief Accountant with a strong background in financial management, cost control, and tax reporting. He excels in analyzing financial data, preparing comprehensive reports, and advising management on critical financial decisions. With a proven track record in construction and contracting sectors, he is adept at implementing and maintaining robust accounting systems.
Expertise in overseeing financial operations, preparing accurate statements, and ensuring compliance with financial regulations.
Proficient in analyzing job costs, implementing cost control measures, and identifying financial risks and opportunities.
Solid experience in preparing and submitting various tax reports, including VAT and withholding tax, and implementing e-invoicing systems.
Skilled in developing and maintaining accounting systems, reconciling accounts, and utilizing various accounting software.
Developed, implemented, and maintained a comprehensive construction management system, including setting up projects, budgets, job costs, and various progress reports.
Impact: Streamlined project financial tracking and reporting, enhancing operational efficiency for Nile Developments.
Conducted in-depth financial plan data analysis, identified risks/opportunities, and presented findings with proposed actions to senior management. Prepared monthly, quarterly, and annual financial reports.
Impact: Enabled informed decision-making and improved financial status by comparing forecasts with actual results.
Prepared and submitted all tax reports and returns to the tax authority on time, including VAT and withholding tax. Gained solid experience with the Tax Portal and E-Invoicing Implementation.
Impact: Ensured timely tax compliance and modernized invoicing processes, reducing manual effort and potential errors.
Appointed Chief Accountant at Nile Developments, overseeing financial management, system implementation, and tax compliance.
Led the development and implementation of a construction management system, enhancing project financial tracking and reporting.
Progressed to Senior Payable Accountant at Daffah Company, managing comprehensive supplier financial cycles and reporting.
Served as Senior Accountant at Al-Amal for Integrated Contracting, specializing in contract and expense distribution.
Began professional career as a Junior Accountant, gaining foundational experience in contract and petty cash management.
Graduated from Ain Shams University with a degree in Accounting.