Michael Samir Farid

Accounting Manager /IFRS® /FMVA®

Cairo, Egypt

About

Accounting and Finance Professional with 10+ years of experience across multinational companies and a Big 4 audit firm. Holds the Financial Planning & Analysis Professional (FPAP®) certification from CFI®. Proven track record in financial reporting, budgeting, forecasting, and financial analysis, supporting strategic decision-making. Specialized in leading accounting operations, enhancing financial controls, optimizing financial processes, driving cost efficiency, and managing high-performing teams. Proficient in leveraging ERP and accounting systems to streamline workflows, enhance reporting efficiency, and ensure IFRS compliance.

Experience

  • Accounting Manager at Digital Bridges (SME)
    May 2024 - Present · 2 yrs 2 mos

    •   Lead end-to-end accounting operations and general ledger activities, ensuring accuracy, compliance, and efficient execution of accounting processes •   Lead period-end closing and financial reporting processes, reducing the closing cycle from 6 days to 4 days •   Improve reconciliation processes and financial controls to ensure accurate, reliable, and compliant financial reporting •   Manage cash flow activities, overseeing receivables, payables, and payment cycles to optimize liquidity and support business operations •   Lead budgeting and forecasting cycles, supporting business planning and performance management •   Deliver financial and variance analysis to identify performance drivers and evaluate business performance •   Work closely with department heads to review budget performance, analyze variances, and identify improvement opportunities •   Identify and implement cost optimization initiatives, reducing operational expenses by 5% •   Improve reporting processes through ERP optimization and automation, enhancing efficiency and supporting timely financial reporting •   Ensure compliance with tax regulations and filing requirements, maintaining a zero-penalty record •   Coordinate external audits and provide supporting schedules and documentation, ensuring timely completion with no major findings

  • Chief Accountant at Curenta
    Aug 2021 - Apr 2024 · 2 yrs 9 mos

    •   Led general ledger and account reconciliation processes, ensuring integrity and accuracy of financial data •   Oversaw period-end closing processes, ensuring timely and accurate financial reporting •   Prepared financial statements in accordance with IFRS and reporting requirements •   Ensured compliance with tax regulations and filing requirements •   Coordinated external audits and provided supporting schedules and documentation, ensuring smooth completion of audit engagements •   Monitored cash flow and supported liquidity management activities •   Performed financial and variance analysis to support budgeting and forecasting activities and identify key business performance drivers •   Contributed to ERP implementation, ensuring proper accounting structure, process alignment, and data integrity

  • Senior Accountant at Ogilvy
    Jun 2020 - Aug 2021 · 1 yr 3 mos

    •   Posted journal entries and maintained supporting schedules, ensuring accurate recognition of transactions •   Managed accounts payable and receivable activities, monitored aging reports, and resolved discrepancies with vendors and clients •   Performed bank reconciliations and monitored cash balances to support effective cash management and liquidity planning •   Managed fixed asset records and depreciation schedules in compliance with company policies and IFRS requirements •   Supported monthly closing activities and preparation of financial statements and management reports •   Conducted variance analysis to explain financial performance and support management reporting •   Assisted the Finance Manager in budgeting and forecasting activities by providing financial analysis and supporting reports •   Supervised junior staff, reviewed their work, and ensured timely completion of assigned tasks •   Collaborated with external auditors by providing supporting schedules and documentation to facilitate smooth audit engagements

  • Senior External Auditor at EY
    May 2016 - May 2020 · 4 yrs 1 mo

    ·     Promoted from Junior Auditor to Senior Auditor ·     Participated in audit planning, risk assessment, and determination of audit scope ·     Evaluated financial records and internal controls to assess compliance and identify audit risks ·     Performed substantive testing across key financial statement areas ·     Supported the preparation and review of financial statements in accordance with IFRS and reporting requirements ·     Prepared audit documentation, working papers, and supporting schedules in accordance with EY methodology ·     Identified audit findings and communicated recommendations to managers, partners, and client management ·     Coached and supervised junior auditors, ensuring quality and timely completion of audit engagements

  • Junior Accountant at MCV - Manufacturing Commercial Vehicles
    Jul 2015 - May 2016 · 11 mos

    ·     Recorded daily and month-end journal entries and maintained supporting schedules ·     Performed account reconciliations, including bank, supplier, and customer accounts ·     Supported period-end closing activities through the preparation of schedules and reports ·     Processed accounts payable and accounts receivable transactions, including supplier invoices and customer receipts ·     Assisted in monitoring petty cash and employee expense claims, ensuring proper supporting documentation ·     Prepared supporting schedules and documentation for external audits Assisted in the preparation of VAT tax schedule