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Hatem Abu-el-hawa is a seasoned financial professional with 24 years of experience in financial management, accounting, and project accounting. He holds a Bachelor's degree in Accounting from Jami'at Al-Kuwait and is proficient in Arabic and English. He has worked in various roles, including Financial Manager, Senior Accountant, and Project Accountant, and has expertise in financial analysis, budgeting, and payroll processing.

Experience

    • Financial Manager
      • Dec 2012 - Present

      As a Financial manager I advise clients on appropriate business planning and help in decision making processes to ensure that businesses are financially successful. This involved advising on investments, savings, pensions and insurance products.My Responsibilities include:Collating, preparing and interpreting reports, budgets, accounts, commentaries and financial statementsUndertaking strategic analysis and assisting with strategic planningProducing long-term business plansUndertaking research into pricing, competitors and factors affecting performanceControlling income, cash flow and expenditureManaging budgetsDeveloping and managing financial systems/modelsCarrying out business modelling and risk assessmentsSupervising staff

    • Senior Accountant
      • Mar 2000 - Dec 2012

      Redesigned and implemented more effective and timely procedures for reconciling complex bank reconciliations.Automated preparation of Worker's Compensation monthly accrual, reducing preparation time by 5 hours per month.Organized the Abandoned Property to ensure filing in a timely manner.Improved process for pension auditAssisted in setting up new budget variance reports for reporting to Managers and Board of Directors.Assisted with external and internal audit process and provided all necessary worksheets/data to minimize billable hours.Streamlined accounting processes to reduce work paper and document requirements.Performed month-end/year-end close, financial statement preparation and budget variances. Assisted management to resolve variances.

    • Staff Accountant
      • Jan 1995 - Mar 2000
      • Kuwait

      Reduced payroll processing time by 20%, saving $55,000, implementing an in-house payroll system, eliminating the need for an outside payroll provider.Led a major project transitioning all accounting aspects to MS Excel, completing assignment on time and under budget.Supervised 3 employees respons...

    • Project Accountant
      • 1980 - 1995
      • Kuwait

      As a project accountant I handled financial concerns related to specific projects within Al mansour & Al abdali . I handled billings and payment collections, maintained contracts, and pursued unpaid billings. Throughout the completion of the project, I reviewed and approved invoices, time she...

    • Bookkeeper
      • 1978 - 1980
      • Kuwait

Education

  • 1973 - 1977
    Jami'at Al-Kuwait

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