Mohamed Hesham, CMA

Leading general accounting operations across multiple Magrabi entities at a regional level, with a team of direct reports. The role covers month-end close, GL integrity, IFRS treatment, fixed asset oversight, and the operational controls that hold the rest together. • Lead the regional monthly closing process across multiple entities, owning close timelines, balance integrity, and the technical accounting decisions that come up in the cycle. • Own the policy and oversight for fixed asset management across the regional store network, including the preventive and detective controls, system automations, and reconciliation framework that sit underneath it. • Direct intercompany reconciliation, GL clean-up, and balance sheet integrity across the region, with active oversight on recurring complex areas like forex, cost allocations, and intercompany positions. • Contribute to IPO readiness and M&A due diligence workstreams, providing the data, reconciliations, and audit-ready schedules these processes depend on. • Develop the team, coaching juniors and mid-level accountants on day-to-day execution, reconciliations, and the technical thinking that builds a stronger finance function over time.

Led the general accounting function for Magrabi's regional operations, growing the role from execution into oversight and team leadership before stepping up to Senior Lead. • Managed the monthly closing cycle, intercompany reconciliations, and core GL activities for multiple entities, working closely with operations and treasury on cross-functional issues. • Expanded the fixed asset management framework into standing policy across the regional store network, including the supporting controls, automations, and reconciliation routines. • Built and developed the accounting team that now runs the day-to-day, with growing responsibility for treatment decisions, audit support, and finance-operations coordination.

Joined Magrabi to take on the regional fixed asset and general ledger work, building several of the frameworks and automations that the function still uses today. • Designed and implemented a regional fixed asset management policy across the store network, with embedded preventive and detective controls and the reconciliation routine to keep it intact. • Activated system automation for forex calculations, cleared legacy balances, and built an automated calculation sheet for corporate cost allocation aligned with transfer pricing guidelines. • Strengthened intercompany reconciliation, supported balance sheet ownership across multiple entities, and worked closely with internal and external auditors on recurring areas.

Owned the GL function for Majid Al Futtaim Properties' Egypt operations across multiple legal entities, working closely with treasury, tax, and external audit through the full reporting cycle. • Managed monthly closing, sub-ledger to GL reconciliation, and balance sheet integrity for four entities, preparing the financial statements alongside external auditors. • Owned cash positioning, four-week rolling cash flow projections, and acted as the day-to-day liaison with banks and the holding treasury team on finance costs, loans, and FX deals. • Handled the full tax cycle including VAT, reverse charge, withholding, deferred and stamp tax, transfer pricing, GAFI reports, and statistical filings, with direct exposure to Egyptian regulatory authorities.

Joined Majid Al Futtaim Properties on the general ledger team, handling sub-ledger reconciliation, monthly closing entries, and balance sheet account ownership before stepping into the Senior GL Accountant role.

Accountabilities:- G/L • Controlling the accrued expenses: - analyzing all the monthly accrued expenses in order to charge the most proper values as an accrued expense moreover closing the differences between the actual and the accrued to the current expense. • controlling the Prepaid expenses :- linking the prepaid expense invoices with a module to be charged from the prepaid expense to the current expense on monthly bases after I run the prepaid module with the proper distributions and allocations, following up on the prepaid accounts on monthly bases moreover stopping or reversing the module in case if needed . • Fixed assets: - creating, transferring, splitting, disposing and running the depreciation. • Rent file. • Loans file. • Royalties file. • Dividends file. • Insurance file.

Accountabilities:- A/P • COGS analysis and monthly reviewing. • Analyzing for the margin file of all the business units on monthly bases. • Booking for the shipments invoices and all the relevant overheads in addition to reviewing them very carefully before the monthly closing. • Coordinating with the logistics team the receiving process of the shipments on monthly bases and providing them with their inquiries. • Booking for all the local current expenses once I receive the invoices from the procurement team moreover specifying the object account, sub account and the business unit of this expense. • Reconciliation for all the foreign suppliers and all the COGS relevant suppliers to be confirmed from the suppliers before the monthly closing in order to rectify if needed. • Booking for a various and huge quantity of credit and debit notes in addition to verifying them with the relevant departments according to their type. • Applying the suppliers inquires whether it was a statement of account or it was a breakdown of our payments. • Applying the internal departments inquires whether it was a copy of some invoice or a break down for some expense or a required comparative report. • Running the automotive distribution module by the end of booking each month’s shipments to distribute the expenses on each business unit. • Monthly Closing adjustments for the all relevant accounts.