Jimmy Farag

I am a Senior Financial Analyst whose mission is to support management in achieving goals. I enjoy analyzing data and making necessary recommendations to maintain clean financial statements and guidance for decision making. I like to collaborate with operation to understand their daily challenges and we work together to brainstorm and solve problems. I love to work on process improvements projects that can help my colleagues or my team. I am looking for an opportunity where I can make a difference.


Senior Financial Analyst                                                                              September 2015 – Present

Hewlett-Packard Enterprise

  • Worked as part of a team to standardize the E&O process across the regions, eliminate manual adjustments, be more compliant and provided more accurate reserve ratio saving $8M
  • Perform monthly reporting for inventory balances per region.
  • Provide analysis of business performance and trends including results commentary for $500M of inventory.
  • Compare actual inventory results to budget and forecasts, and provide explanations for significant variances.
  • Responsible for reporting the monthly and quarterly performance metrics
  • Create and develop financial models for potential projects.
  • Lead communication and coordination with regional finance to standardize financial application across the regions for new projects.
  • Conduct and manage ad hoc requests and projects from financial and operational management.
  • Assist in the preparation of the annual inventory budget.


Management Accountant                                                                               July 2014 – August 2015

Schlumberger – Houston, TX

  • Above expectation performance for 2014 review
  • Awarded the “Schlumberger Above & Beyond” reward for the process improvement on the reconciliation process saving 280 working hours per month for the team.
  • Created Accrued Payable aging template and reconciliation process that saved 280 working hours, provided account visibility and faster errors identification.
  • Produced template to reconcile between Sub-ledger and General Ledger for Inventory, cutting time from seven to two hours and efficiently identifying and resolving variances.
  • Running day-to-day operations supporting the controller in the Geographic Markets (GeoMarket).
  • Perform monthly closing activities which include, but not limited to prepayments, accruals, allocations, reclassification, and adjusting journal entries.
  • Analyzed the GeoMarket and North America Offshore P&L’s with $300M in revenues including detailed review of monthly expenses and profitability
  • Participating in ad-hoc reporting, analysis or projects as required.
  • Preparing monthly forecast of the P&L for the Operations Controller.
  • Assist in the formulation of budgetary or planning process.


General Ledger Accountant                                                                                      Dec 2013 – July 2014

Schlumberger – Houston, TX

  • Cleared $7M of aging Intercompany balances, improved the process and controls of Intercompany suspense account transactions.
  • Created Prepaid Expenses reconciliation template and been implemented in multiple departments in USA and Malaysia avoiding $4M of P&L exposure.
  • Responsible for the day-to-day maintenance of general ledger.
  • Perform monthly closing activities which include, but not limited to prepayments, accruals, allocations, reclassification, and adjusting journal entries.


Self-Employed: Real Estate investor/Realtor                                                               Mar 2009 – Present


Auditor                                                                                                                       Jan 2008 – May 2009

Gainer, Donnelly & Desroches – Houston, TX

Audit included various private companies in logistics, energy trading, recycling, manufacturing, trading, real estate holdings and Oil & Gas in accordance with the respective audit standards.


Staff Auditor                                                                                                               Jan 2006 – Jan 2008

McConnell, Jones, Lanier & Murphy – Houston, TX

Audit included various governmental and not-for-profit organizations (Single Audit), projects with Deloitte and PWC, Energy, hospitals and 401(k) plans in accordance with the respective audit standards.


Experienced Staff Auditor                                                                                         June 2002 – Feb 2005

Deloitte – Cairo, Egypt

Audited international companies following GAAP such as P&G

Auditing Experience

Participated in auditing of SEC companies and various private companies ranged between $5 Million to $64 Billion in revenues included energy trading, Concrete recycling, logistics, chemicals, piping, manufacturing, Metal Recycling, real estate holding companies, capital ventures and 401(k) plans. Perform diversified accounting and auditing assignments under the direction of supervisor and manager.


  • Participated in audit planning of audit engagements to effectively and efficiently conduct the audit.
  • Identified and tested controls, and made recommendations on improving internal controls.
  • Prepared the analytical procedures and assisted in the assessment of business risks.
  • Performed substantive and compliance testing to the assigned accounts of the financial statements.
  • Developed recommendations for areas of improvement, documented audit findings and discussed suggested solutions as appropriate with client.
  • Prepared the draft of the audit reports and subsequently the final audit reports in accordance with GAAP Standards.
  • Sarbanes-Oxley compliance.
  • Provide support to less experienced auditors and interns.
  • When in charge:
    • Initiate contact with the client and continuously manage the relationship with the client to perform the audit work efficiently and promote client relations.
    • Leading the audit team, assign tasks to team members, walk them through their tasks to be performed and review work performed and provide review/coaching notes.
  • Participated in Agreed upon procedures engagements.
  • Single Audit Review and compliance.

Uncovered fraud and material misstatement in multiple situations.


Post graduate: 

Certified Management Accountant (CMA)
Currently preparing for the CPA exam. (Passed 3 parts. Part 4 scheduled in August 2017)



Bachelor degree, Accounting major (English Department). Alexandria University, Egypt


Computer Skills:

  • Excel
  • Word
  • Powerpoint
  • Outlook
  • SAP
  • Oracle
  • Quickbooks
  • Profx Engagement

General Skills:

  • Auditing
  • General Ledger
  • Internal Controls
  • Variance Analysis
  • Sarbanes-Oxley Act (SOX)
  • Financial Analysis
  • Account Reconciliation
  • Internal Audit
  • Accounts Payable
  • Financial Accounting
  • Financial Reporting
  • Accruals
  • Fixed Assets
  • External Audit
  • Financial Statements
  • Accounting
  • Accounts Receivable
  • Bank Reconciliation
  • Trial Balance
  • prepaid expenses
  • Revenue Analysis
  • Revenue Recognition
  • Intercompany Transactions
  • Financial Statement Analysis
  • Capital Lease
  • Oil/Gas
  • Month End Close
  • Process Improvement
  • forecasting
  • Budgeting
  • Management
  • Finance
  • Financial Modeling
  • Analytical Skills
  • Planning
  • Reporting & Analysis


In the past two months of working with Jimmy, I have noticed three things: 1. He passionately leads in tackling complex processes/situations to bring about a simple and more efficient solution 2. He is a team player and has a good sense of humor 3. He is an Excel Guru, yet modest (Jimmy’s formulas have saved our team countless hours which are now being invested in analyzing accounts/processes instead of spending hours in preparing reconciliations) Jimmy is an awesome coworker and team leader and I recommend him for any challenging Management role.