Mohamed Badr Balboul

14 El Zohor Compound, Six of October

Phone: 010-66628300
E-mail: mbadr1678@gmail.com

Personal Data:
Date of birth: 1st of June 1978.
Nationality: Egyptian.
Marital status: Married.
Military status: Exempted.

Education:
Bachelor Degree of Commerce.
Faculty of Commerce, Cairo University, 1999.
Major: Accounting
Grade: Good

Work Experience:

National Petroleum Company (NPC-SAZ) (February 2015 - Present time)

Deputy Finance Manager & Board Member (May 2015 - Present time)
 Representing NPC-SAZ at its JV Company (South Abu Zenima Petroleum –
Petrozenima)
 Reporting to both the Managing Director of Petrozenima and NPC.
 Participate on all managerial and financial decisions regarding the business.
 Responsible for monitoring all the finance activities of the JV company.
 Monitoring all JV expenditures to secure the adherence to planned budget.
 Prepare financing forecasts on quarterly and monthly basis.
 Preparation of quarterly cost recovery statement for JV expenditures to be submitted to
EGPC.
 Submit monthly billing and cash flows to mother company.
 Manage the finance team activities and working on developing their performance.
 Monitor the accounting system reporting cycle and advise for any maintenance
required to insure the adherence to both EGPC needs and Partner as well.
1 of 7
Finance Manager (February 2015 - March 2016)
 Reporting to Managing Director.
 Management of the finance function and overseeing the finance team.
 Preparation of Monthly Consolidated P&L and Balance Sheet.
 Cash management and treasury duties.
 Manage annual audit process with external auditors.
 Establish, maintain, and coordinate the implementation of Accounting and Accounting
Control Procedures.
Sea Dragon Energy (December 2012 - January 2014)

Financial Controller (December 2012 - January 2015)

 Reporting to CFO.
 Manage and drive output from the Financial and Corporate Accounting functions to
ensure that deadlines and timetables are met.
 Prepare a detailed analysis of the management accounts identifying key variances
from budget for inclusion in the monthly Finance report.
 Management of the finance function and overseeing the finance team.
 Preparation of budgets, forecasts and cash flows.
 Maintenance of financial ledgers and accounting processes.
 Preparation of Monthly Consolidated P&L and Balance Sheet.
 Timely production of statutory and internal financial reports.
 Financial modeling and analysis.
 Produce and maintain financial policies and procedures of the Financial and Corporate
Accounting functions.
 Manage the Accounts Receivable process to ensure that all overdue debt collection
procedures are followed.
 Manage the Accounts Payable process to ensure that all supplier agreements are
conformed with and that all payments are made within company terms.
 Cash management and treasury duties.
 Manage annual audit process with external auditors.
 Ensuring that appropriate systems and internal controls are implemented and
maintained
 Overseeing the Payroll process.

PETZED Investment & Project Management (December 2008 – November 2012)

Accounting Supervisor (December 2008 - November 2012)

 Reporting to Finance Manager.
2 of 7
  Responsible for supervision and Control of the General Accounting functions, this
includes the General Ledger, Payables, Receivables, Inventory, Payroll, Property, and
Statistical Accumulation.
 Also responsible for Financial Statements and Reports Preparation on a regular and
special request basis.
 Establish, maintain, and coordinate the implementation of Accounting and Accounting
Control Procedures.
 Monitor and review Accounting and related System Reports for accuracy and
completeness.
 Prepare and review Revenue, Expense, Payroll Entries, Invoices, and other Accounting
Documents.
 Analyze Revenue and Expenditure trends to ensure Expenditure Control.
 Explain Billing Invoices and Accounting Policies to Staff, Vendors, and Clients.
 Resolve Accounting discrepancies.
 Recommend, develop, and maintain Financial Databases, Computer Software Systems,
and Manual Filing Systems.
 Supervise the input and handling of Financial Data and Reports for the Company's
Automated Financial Systems.
 Interact with Internal and External Auditors in completing audits.
 Ensure Financial Records are maintained in compliance with Accepted Policies and
Procedures.
 Prepare Financial Management Reports.
 Ensure accurate and timely Monthly, Quarterly and Year End Close.
 Resolve Accounting discrepancies and irregularities.
 Establish and monitor the implementation and maintenance of Accounting Control
Procedures.
 Analyze Financial Information to recommend or develop efficient use of Resources and
Procedures, provide strategic recommendations and maintain solutions to Business and
Financial Problems.
 Prepares a variety of Studies, Reports, and related information for Decision-Making
purposes.
 Coordinates activities with other departments and work groups as needed.
 Other duties as assigned.

East Zeit Petroleum Company (September 1999 - December 2008)

Accounting Section Head – Budget & Cost Control (January 2008 - December 2008)
 Review the records of Budget versus actual operating expenses.
 Ensure Cost Control by effectively analyzing the actual Costs with the Budget and help
management to take corrective action.

3 of 7
  Monitor Budget over runs and process supplementary Budgets for management
approval.
 Writes justifications for over run or under run of Budget estimates.
 Indicate trends, and show other selected factors.
 Control operating and capital expenditure in the IDEAS Accounting System.
 Participate in review of performance and business plan preparations.
 Ensure that the changes in Financial Systems are effectively implemented.
 Critically review various financial & management reports and highlights areas of
concern / importance to the management. Provide professional recommendations to
Department Manager.
 Co-ordinate with the various sections and develops plans to meet departmental
objectives.
 Facilitate compliance with Policies, Systems & Procedures.
 Control of payments to contractors and follow up outstanding issues.
 Solve various financial issues, Accounting matters, monthly accruals, cash, etc.
 Coordinate various audits.
 Responsible for answering managers and administrators questions on Budget to actual
variations and Budget development questions.

Senior Accountant – Budget & Cost Control (July 2006 – December 2007)
 Preparation of operating, capital and other Budgets as per the guidelines for all the
Departments based on previous Budget figures and estimated expenditures.
 Preparation and analysis of monthly performance report giving key information such
(Gross margin, Net Profit, Profit & Loss, Product wise sale, crude Cost, routine expenses,
etc.).
 Computes ratios and percentages to make interdepartmental comparisons.
 Works with all levels of Accounting and Finance staff to help ensure accuracy of
financial results.
 Prepares charts and graphs.
 Control operating and capital expenditure in the IDEAS Accounting System.
 Tabulates statistical Data for presentation in miscellaneous reports.
 Utilizing key Budget assumptions and financial plan, prepare comprehensive Budget
Database that includes statistics, volumes, and Cost detail.
 Responsible for design and production of custom reports for Budget versus actual
performance, including working with managers and administrators on designing reports
that can assist the organization in key decision-making.

Senior Accountant – Inventory (July 2005 - June 2006)

 Supervising Inventory Accounting & Stock Control Activities.
 Posting Inventory Accounting entries into General Ledger.

4 of 7
  Training new staff on Using Inventory System and Accounting System.
 Applying the company policies in Costing inventory.
 Analyze the untraditional variance in inventory items Cost.
 Prepare periodic reports for slow moving items.
 Conducting the physical count and report for inventory overage or shortage.
 Analyze Inventory Data and provide recommendations for reducing obsolescence
expense.
 Prepare monthly balance sheet Account analysis and review with management.
 Preparing monthly inventory reconciliations.
 Prepare various financial spreadsheets, charts and graphs on a regular basis.
 Review processes and reporting and make recommendations for improvements.
 Develop and prepare supporting schedules for external auditors.

Accountant (1) - Inventory (July 2003 - June 2005)

 Review Inventory manual transactions versus computerized transactions.
 Operating the Inventory Accounting Computer Program “MOPS”.
 Implementing the Company’s Policies of Costing Materials Inventory.
 Using the Company’s Accounting System “IDEAS”. (Monthly Closing)
 Participating in the Financial Reports Preparation for the part related to my Job
Responsibilities & Duties.
 Attending the Materials Warehouses year-end Physical Inventory.
 Participated in the conversion of the Accounting System from Revelation (Under DOS)
to IDEAS for Windows.
 Participated in the conversion of the Chart of Accounts in the IDEAS System two times
due to changing the ownership of the company.
 Participated in building up the new Chart of Accounts to meat the Joint Venture
requirements.
 Performing the General Accounts responsibilities, month closing and preparing
financial reports for three months, due to short in stuff.

Junior Accountant - Accounts Payable (May 2001 - June 2003)

 Review contracts and purchase orders.
 Handling invoices rendered from suppliers and contractors
 Review of invoices calculations and amounts for payment as per contract, Purchase
order or Work order.
 Review proper documentations and approvals for invoices payment.
 Applying volume, early payment or any special discounts to invoices according to
contract or purchase order terms.
 Follow up delayed invoices sent to other departments for review or approval.
5 of 7
  Responding to vendor inquiries and disputes.
 Handling of payroll payments.
 Issuing outstanding reports to all departments.

Junior Accountant - Inventory & Fixed Assets (September 1999 - April 2001)
 Handles inventory Accounting day to day Operations.
 Participated in the Materials Warehouses Physical Inventory.
 Participated in the Movable Assets Physical Inventory.

Summer Training - Inventory (June 1999 - August 1999)

Training in the Inventory and Fixed Assets Accounting Division.

Summer Training - Accounts Payable (June 1998 - October 1998)

Training in the Accounts Payable Division.

Training & Career Development:

Ernst & Young Tax Conference Egypt (Apr 2, 2012)

Fairmont Heliopolis – Cairo, EG

International Financial Accounting Reporting (Dec 19, 2011 – Mar 20, 2012)
ACG Center - Maadi (PhD. Roberto Kamel)

Business Financial & Accounting Skills (Nov 1, 2009 - Nov 3, 2009)

OGS Center - Maadi (PhD. Allaa Mohamed)

Microsoft Access XP (Advanced Level) (Jan 7, 2008 - Jan 10, 2008)

Education Training Center - Maadi (Eng. Khaled Kamal)

Concession Agreement (Jun 6, 2006 - Jun 8, 2006)

ETC Training Center (PhD. Allaa Mohamed)

Computer Applications in Petroleum Accounting (Mar 5, 2006 - Mar 8, 2006)

ETC Training Center (PhD. Allaa Mohamed)

Microsoft Access (Core Level) (Jan 2, 2005 - Jan 5, 2005)

Education Training Center - Maadi (Mr. Ahmed Yousry)

Cost Accounting in Oil & Gas Companies (Apr 3, 2004 - Apr 8, 2004)
ETC Training Center (Mr. Mahmoud Abo El Fotouh)

Microsoft Outlook 2000 Proficiency (Feb 13, 2001 - Feb 16, 2001)
6 of 7
NIIT Training Center - MS Certified (Mr. Ayman Ashry)

Languages:
 Excellent command of English Language.
 Fair command of French Language.
 Fair knowledge about Japanese Language.

Computer skills:
 Excellent using of IDEAS Accounting System.
 Excellent using of MS Office Applications:
(Excel - Access - Word - Power Point - Outlook)
 Excellent using of Internet.
 Good knowledge of using DBase III.
 Good using of Programs working under DOS.

7 of 7