Mohamed Sobhy

- Oversee and manage all financial operations, budgeting, and accounting activities for 1969 Fitness Hub under Al Sadd Sports Club. - Prepare and analyze monthly, quarterly, and annual financial statements to ensure accuracy and compliance with IFRS and internal policies. - Lead the financial planning and budgeting process, including cost control, variance analysis, and strategic recommendations for profitability improvement. - Supervise cash flow management, accounts payable and receivable, payroll, and bank reconciliations to maintain liquidity and financial stability. - Coordinate with internal and external auditors to ensure proper documentation, compliance, and audit readiness. - Manage vendor and supplier accounts, review contracts, and negotiate terms to optimize financial performance and operational efficiency. - Implement internal controls, financial policies, and reporting systems to enhance transparency and mitigate risk. - Support senior management with financial modeling, feasibility studies, and ROI analysis for new projects and investments. - Collaborate with department heads to monitor expenditure, improve budget discipline, and align financial strategy with organizational goals.

Managed and led comprehensive internal audit processes for Retaj Group in the Hotels & hospitality, real estate, marketing and project management sectors. Key responsibilities and achievements include: Retaj Hotels and Hospitality (Hospitality Sector): - Conducted operational audits of front office, housekeeping, food & beverage, and event management, ensuring compliance with industry standards and internal policies. - Evaluated financial reporting processes, including room revenue, banquet sales, and inventory controls, to ensure accuracy and efficiency. - Assessed health and safety standards, including fire safety, food hygiene, and compliance with regulatory requirements. - Reviewed procurement practices, vendor contracts, and cost control initiatives to optimize operational efficiency. - Implemented risk management strategies, including fraud prevention, cybersecurity measures, and crisis management preparedness. - Prepared detailed reports with actionable recommendations to enhance internal controls, reduce risks, and improve operational performance. - Provided training to staff on best practices for compliance, risk management, and operational efficiency in the hospitality sector. - Developed performance scorecards to assess departmental efficiency and operational KPIs, contributing to annual performance reviews. Retaj Real Estate (Real Estate sector): - Reviewed leasing processes, tenant agreements, and revenue streams to ensure compliance with contractual obligations and regulatory standards. - Conducted audits of property sales, rent collection, and commission structures to verify accuracy and transparency. - Evaluated asset lifecycle management, including acquisition, maintenance, depreciation, and disposal, for optimal financial and operational efficiency. - Assessed project management practices for property development, focusing on cost control, budgeting, and timeline adherence. - Audited vendor and contractor agreements to mitigate risks and ensure value for money. - Conducted risk assessments of property portfolios, identifying vulnerabilities related to market trends, regulatory changes, and operational inefficiencies. - Conducted performance evaluations using scorecards to measure the effectiveness of property management operations and financial returns. Retaj Marketing & Project Management (Investment & Assets management): - Audited marketing campaigns and project portfolios to ensure alignment with organizational objectives and budgets. - Evaluated vendor selection, contract management, and payment processes for transparency and value for money. - Conducted audits of property development projects, including cost estimations, resource allocation, and adherence to timelines. - Reviewed asset lifecycle management for marketing and project-related resources, including acquisition, maintenance, and disposal. - Assessed operational processes related to customer engagement, service delivery, and contract fulfillment for compliance and effectiveness. - Identified risks in project execution, vendor relations, and financial management, providing actionable recommendations to mitigate them. - Monitored compliance with regulatory requirements, industry standards, and internal controls across all projects and campaigns. - Designed and implemented performance scorecards for evaluating project execution and marketing effectiveness across departments.

- Managed and supervised external audits for companies in various industries including hospitality, insurance, and manufacturing. - Conducted financial reviews and prepared financial statements in compliance with IFRS. - Provided strategic recommendations for business improvements based on audit findings.

- Audited and reviewed financial statements for high-profile clients in sectors including hospitality and investment. - Evaluated internal controls and recommended improvements for operational efficiency.

- Conducted audits and prepared financial statements for clients in hospitality, insurance, and manufacturing sectors. - Ensured compliance with international accounting standards and external regulations.

- Managed daily accounting operations, including data entry and reconciliations. - Prepared and reviewed financial statements for accuracy and compliance. - Assisted in budgeting and financial forecasting processes. - Coordinated with auditors during annual audits to ensure compliance and transparency.