حول Karim Elkot:
Finance Manager, self-committed and task focused professional mainly in Oil and Gas industry. I have a leading experience rotated in senior/managerial roles within a diverse of multinational E&P companies operates in "Egypt, Tunisia, Canada and UAE ". I have proven technical skills in management, budgeting, accounting, Tax, cost analysis, financial control, commercial support and project finance. I have MBA major Banking and Finance completed in 2011. My latest achievements and responsibilities with my current employer include day to day control and managing Finance/Treasury/Accounting /commercial operations in Joint Venture /partnership environment and provide the financial support to manage other participated interest assets.
تجربة
Employment History
- Finance Manager at Mediterra Energy Corporation, (Cairo, Egypt- Calgary, Canada).
(September 2016 – Present)
Achievements and responsibilities:
- Managing and improving the company's entire financial accounting, monitoring and reporting systems with a full compliance to the guidelines established with the corporate policies.
- Ownership of category P&L, including all budgets, forecasts and management reporting.
- Manage tax provision, compliance and reporting process.
- Providing commercially sound financial analysis for ad hoc projects, including cost effectiveness, commercial viability, operational capability and financial audit/ controls
- Be a true Business Partner to the commercial teams, providing accurate and timely financial analysis of key commercial initiatives providing joint business planning support.
- Perform ad hoc financial analysis to support key business decisions.
- Develop and maintain regularly reporting packages, including monthly/quarterly forecast plans, and customer/order information.
- Develop and maintain regularly reporting packages (US GAAP and IFRS), including monthly/quarterly forecast plans, and customer/order information.
- Playing major role in managing the company’s Revenue, Capex and Opex budgets and manage forecasting and variance analysis.
- Furnish the various intermediate budgets stated for joint partners operations in compliance with the group main budget.
- Responsible for being in connection and managing all corporate, partners and annual audits.
- Helping the business to respond in an agile and flexible manner to any business opportunities that may arise.
- Alignment and follow up of objectives, reach, and time restrictions with internal stakeholders.
- Ensuring monthly, Quarterly and end-year closing process (GL/AR/AP/Accruals/Payroll) are posted in a timely and accurate way with appropriate supporting information.
- Lead supply chain and procurement process and implement appropriate tracking mechanisms to company resources and demands.
- Monitor inventory movement and fluctuations, including “WIP” Aging Review and annual stock counts activities
- Manage and monitor metrics, KPI tracking, and reports.
- Understand and calculate the risks involved in the financial activities of the organization.
- JV Finance Manager & JV Board Member at Dana Gas (Cairo, Egypt- Sharjah, UAE).
(January 2010 – August 2016)
Achievements and responsibilities:
- Represent the Company in the JV board of directors to manage finance operations and take the proper actions to safeguard the company assets.
- Attending the board meetings as well as general assembly meetings to do plan, review, reporting and evaluate business objectives and develop the proper allocation of resources.
- Appointed as a financial representative in bid committees in connection with DOA to secure the right procedures is followed in compliance with JV policies.
- Providing Company Directors with accurate financial information, management accounts and data analysis.
- Interpreting financial information and data.
- Analysing the on-going profitability of all ventures entered into by the company.
- Ensuring that strong financial controls and procedures are in place.
- Preparation of monthly management accounts.
- Management of monthly bank reconciliations.
- Managing the final delivery for budgets and forecasting.
- Interpreting cash flows and predicting future trends.
- Identifying the potential for making financial savings.
- Management of tax reporting and compliance.
- Handling and resolving financial queries.
- Working closely with the IT team to ensure all financial data is secure.
- Managing and developing a team of finance and AP professionals
- Managing a variety of stakeholders and their expectations through regular communications.
- Financial Controller at Dana Gas. (Cairo, Egypt- Sharjah, UAE).
(January 2007 – December 2009)
- Achievements and responsibilities:
- Manage all company accounts and investments.
- Create monthly and annual reports to identify results, trends, and financial forecasts.
- Manage cash flow by tracking transactions and regularly reviewing internal reports.
- Supervise and manage financial department staff, including accountants and financial assistants.
- Consolidate business units operations and report on operational variances to forecast and budgeting purposes.
- Establish, implement, and monitor appropriate internal controls and policies to ensure conformance and compliance with U.S. GAAP and other statutory requirements (SOX).
- Participate and lead the quarterly review and annual year-end audit process with the external auditors.
- Manage the various statutory tax requirements, such as income, Withholding, royalty, value-added taxes.
- Assist with various internal and external reporting requirements including debt compliance matters.
- Collaborate with auditing services to ensure proper compliance with all regulations.
- Ensure that all financial transactions are properly recorded, filed, and reported.
- Establish and implement financial reporting systems to comply with government regulations and legislation.
- Develop budgets and financial plans for the company based on research and data reports.
- Review all financial plans and budgets regularly to look for cost reduction opportunities.
- Act as a Proxy to the Finance Manager in attending tendering/bid committees for the operated assets/business units.
- Assist the Group Finance Manager in presenting reports to senior executives, stakeholders, and board members.
- AR & Cost Recovery Controller at Centurion Petroleum Corporation (Cairo, Egypt- Calgary, Canada).
(January 2006 – December 2006)
- Achievements and responsibilities:
- Accountable for Cost/Oil recovery statements submitted to the governmental partners in a quarterly basis.
- Accountable for cost recovery settlements and direct negotiations the governmental partners to reconcile cost recovery books.
- Maintains and balances subsidiary AR accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
- Review quantities information per type of product (Crude Oil, Gas, Condensate, and LPG) and prepare Hydrocarbons receivables invoicing in monthly basis.
- Assure a timely collection of receivables and oversee AR position.
- Issuing and controlling AR, sales invoices, debit notes and intercompany billing.
- Work closely with Finance Manager to achieve annual collections targets.
- Keeping in charge for monthly reconciliation of the intercompany accounts.
- Preparing cash call, periodic reconciliation of cash payments & bank statements.
- Assist in monthly/quarterly closure and financial reporting to Head Office.
- Senior Accountant at South Dabaa Petroleum JV (Dapetco), Cairo, Egypt.
(January 2003 – December 2005)
- Achievements and responsibilities:
- Account control for cost recovery and cost allocation including exploration, drilling, projects, operations and all relevant indirect costs.
- Inventory control, monitoring in/out transactions, monthly reporting of movement and balance.
- Analysis and control of capital assets (fixed & movable).
- Financial analysis and control to company Receivable and debtors accounts.
- Accountable for Third party invoicing.
- Preparing bank reconciliation, closing entries, tax duties.
- Accountable for payroll processing for staff salaries and benefits.
- Staff Auditor at Price water house cooper (PWC), Cairo, Egypt.
(November 1999 – December 2002)
- Achievements and responsibilities:
- Conduct comprehensive financial audits, and state compliance audits, and agreed-upon procedures.
- Perform analytical procedures/analysis to detect unusual financial statement relationships.
- Perform internal control and substantive testing.
- Identify and communicate accounting and auditing matters to seniors and managers.
- Propose adjusting journal entries and discuss audit findings with clients.
- Identify and communicate accounting and auditing matters to seniors and managers.
- Document audit procedures and cross reference work papers.
- Create management representation letter comments and recommendations and draft audit reports for management review.
- Coordinate entrance/exit conferences.
التعليم
Education
- Arab Academy for Science, Technology & Maritime Transport - Cairo, Egypt
MBA, Banking and Finance. GPA 3.85 out of 4.
- Faculty of Commerce, Tanta University, Egypt.
Bachelor of Commerce – English Accounting Section. Grade: 73%.
Training Courses
- Banking and Finance Operations- National Bank of Egypt (Cairo, August 1996 & July 1997).
- Identification for Egypt Taxation Law. (Cairo, August 2005 & May 2011).
- Essentials of budgeting reporting and business finance (Glomacs, Dubai-UAE, January 2013)
- Advanced solutions for Energy problems-(P2 Energy, Tunisia-November 2013).
- Production Sharing & Joint Operating Agreements – (IFP Training, France-December 2015)
محترفون من نفس قطاع الإدارة العليا/ الاستشارات مثل Karim Elkot
المستخدمون الآخرون الذين يطلق عليهم Karim
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