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CFO, CPA, MBA, IFRS, SAP

Location:
Qatar
Posted:
January 23, 2018

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Ahmed Taher Hassouna – CPA, MBA, IFRS

Email: ac35f7@r.postjobfree.com

Tel: +(974-****-**** & +(2-012********

Doha, Qatar

ac35f7@r.postjobfree.com

Summary

Energy Digital Technology, E-Commerce, Hospitality, Real Estate, Leisure, Property Management, Financial Services professional with more than 21 years of Balance sheet re-structuring, Economic Management, Accounting & Commercial experience.

Experience in taking a company to International IPO

In depth knowledge of US GAAP & Latest IFRS updates

Wide knowledge of tax planning and compliance and environment in MEA

In depth knowledge of COSO and other control frameworks to comply with SOX

Sound working knowledge of Code of Conduct and Business Conduct Standards

Computer literacy including sound knowledge of the MS Office suite of software especially spreadsheets (e.g. Excel) as well as Oracle & SAP.

Knowledge of Lean Sigma, and Project Management methodology

Manage, develop, coach, mentor, motivate and build efficient and effective Controller teams across MEA region, including the employees at Shanghai Shared Services Center and Regional Data Administration.

Ensure the pipeline of controller/accounting talents are such that we have abilities and capabilities to tackle several projects on top of maintaining the daily/monthly/annual routine necessary for controllership.

Professional Experience

Al Faisal Group – Doha - Qatar

Group CFO February 2013 – Current

http://www.alfaisalholding.com/

Operating impressive divisions under its umbrella, the Group’s major business sectors include E-Commerce, Hospitality, Real Estate, Leisure, Property MGMT, Energy Trading, manufacturing and financial services.

Accomplished a successful Corporate Turnaround, raised Equity in Capital Markets and negotiated Debt Raising/Restructuring with domestic and international financial institutions.

Manage the Group Finance function with direct responsibility for the Tax, Treasury, Audit, Financial Planning & Control functions at Group level; and indirect responsibility for the standards activities of the Finance team in the operating companies. Responsible for budgeting, accounting, reporting, compliance, and all the necessary finance related activities.

Built and led professional teams in multi-country and multi-cultural environments, delivering top-quartile performance in Finance & Management Accounting, enhancing Internal Controls, managing Business Audits, International Taxation, Business Processes in Shared Services Centers.

Enhance, and leverage across the company, SAP technology platforms, to deliver relevant, accurate and timely financial information, accounting, financial analysis, and decision support systems. Consolidate the financials across the company, and create management dashboards and periodic reports.

Lead the development, implementation, and ongoing monitoring of medium and long term financial plans of the business, including funding plans and budgets. Support the Group senior management and Leadership Committee in strategic decision making.

Supervise acquisition due diligence and negotiate acquisitions.

Siemens, Doha, Qatar

Regional CFO – Oil & Gas March 2010 – January 2013

Setting up and leading Siemens mobility business and organization and positioning it to provide the answers to the increasing needs for safe and reliable transportation through its integrated mobility solutions.

First milestone for Middle East's most energy-efficient tram Innovative trams are on track for shipment to Qatar in summer 2015 Delegation from Qatar tours Siemens production facility in Vienna The first four tram bodies for Qatar's Education City Tram have been completed by Siemens, marking a key milestone in the project to build the Middle East's most energy efficient tram system.

signs long-term service agreement for Umm Al Houl power plant in Qatar

Siemens has been awarded a 25-year long-term service agreement for the planned Umm Al Houl combined cycle power plant in Qatar. The customer is Umm Al Houl Power Q.S.C., a company established through a partnership among Qatar Electricity and Water...

Make sure the operational function is consistently delivering high quality level according to the KPI set.

Implement all relevant Business Administration and Controlling policies, guidelines, tools, reports in line with Sector, Division, Cluster and Country requirements.

Develop detailed market analysis, Foster strategic marketing development activities.

Review of customers inquiry & preparation of commercial proposal. Initiate project concepts and set up of contract structure. Perform commercial risk analysis.

Perform commercial contract negotiation (supported by Contract Management/Legal Services) review of negotiation results and adjustment of commercial proposal

Manage, motivate and develop a core team of Finance professionals to ensure that their individual and collective performance is of the required standard and that it meets the current and future needs.

Oversee the annual budget and planning process, as well as the quarterly review processes, to ensure thorough but efficient analysis, understanding and follow-up.

Develop a strong working relationship with regional Business/finance managers and senior executives in each of the regional countries.

Encourage and endorse the development of new initiatives which will enhance income and reduce risk, thus maintaining or growing market position, and competitiveness of the company.

RasGas, Japan & Qatar

Head of Joint Ventures & Capital Projects June 2006 – February 2010

Lead a team of risk managers in the front office covering top tiered and complex clients

liaise directly with top tiered hedge fund managers to understand their strategy and risk profile, and offer bespoke financing solutions to clients

Pitch and negotiate terms with hedge fund clients on the legal, pricing and margin terms

Assess stress loss and margin levels of complex Prime Brokerage, Over-the-counter and Exchange Traded Derivatives portfolios

Assess capital and balance sheet usage of client portfolios and estimate return on scarce resources

Interface with various parties in respect of Global Financing Services risk issues, and oversee risk projects to enhance our risk assessment and monitoring

Promote and implement Finance Shared Services Strategies.

Understand chart of accounts and master data in a more complex organization and implications of account mapping for financial statements.

Provided accounting and internal controls support to major capital projects.

Prepare, analyze and interpret short-term and long-term cash flow forecasts.

Oversee negotiation with shareholders to achieve compromise if there is any disagreement about shareholder interests.

Able to resolve issues around monthly closing and ensure smooth closure of books of Accounts

Responsible for ensuring RasGas compliance with IFRS, US GAAP and other financial regulatory standards, development of financial policies and procedures and related controls, and the training and development of finance employees.

Effectively and efficiently executed financial accounting and control accounting and control activities for assigned RasGas onshore or offshore projects. Assisted in the development and implementation of improvement initiatives designed to promote excellence and consistency within project accounting.

Siemens, Cairo, Egypt

Financial Controller January 2000 – June 2006

Designed and conducted tests of controls, account balances and transactions.

Budget and Marginal Analysis throughout the year ensuring achieving or exceeding.

Project Analysis.

Support on internal /external project execution related audit (such as KPMG, CFA, etc

Definition and implementation of relevant project execution and reporting processes in line with PM@siemens

Yearly Financial Disclosure.

Monthly Consolidation thru SAP reporting.

Treasury & Foreign Currency Hedging.

Develop detailed market analysis, Foster strategic marketing development activities.

Initiate project concepts and set up of contract structure. Perform commercial risk analysis.

Involve and organize whatever commercial expertise is necessary particularly regarding Taxes, Legal

Participate in project execution status reviews, provide financial transparency in line with relevant guidelines, define and implement enhancement actions and measures.

Established procedures for monitoring and controlling financial aspects of the project.

Developed the overall concept for the proposal, prepared the planning and tender costing according to valid guidelines.

Estimated the effects of changes in requirements/products ordered with respect to: costs, project plan, total order value (as input for contract negotiations, for example).

Ernest & Young, Cairo, Egypt

Senior Auditor – Technology sector August 1997 – January 2000

Performing preliminary engagement activities;

Effective planning of the audit engagement through understanding the entity and its environment, including its internal controls;

Evaluating internal controls, identifying controls deficiencies and performing risk assessment procedures in accordance with E&Y methodology;

Synthesizing information gathered from risk assessment procedures to identify Risk of Material Misstatements and material Account Balance and Class of Transactions and Disclosures in the financial statements including the relevant audit assertions;

Designing and performing further audit procedures including the controls testing and substantive audit procedures in response to the risks identified;

Obtaining and evaluating the audit evidence that is persuasive and commensurate with the risks identified;

Consultation on significant matters with professionals belonging to various fields such as Legal, Actuarial, Taxation and Information Technology;

Ensuring compliance with the requirements of International Standards on Auditing (ISAs) and Code of Ethics issued by the International Federation of Accountants (IFAC);

Ensuring compliance with the International Financial Reporting Standards (IFRSs) and the regulatory requirements;

Liaising with and developing good working relationships with the client to deliver expected results;

Assisting clients in assessing the income tax liabilities, preparing annual tax returns and providing them advisory services in respect of taxation related matters;

Performing interim review of the financial statements in accordance with International Standards on Review Engagements.

Handling multiple audit clients and reporting directly to the senior manager; and

On-job training and professional development of sub-ordinate staff and appraising their performance highlighting strengths and potential development areas.

Education

Professional Qualifications:

CPA – California Board of Accountancy – Licensed in Year 2010

MBA (Arab Academy for Maritime) – Finance and Investment Banking Year 2006 Grade (3.50) Excellent

Bachelor of Commerce (Suez Canal University) – Major of Accounting FY1997 Grade V. Good

SAP S4 Hana ERP Modules Implementations (FICO, MM, SD, BPC, BI)

Languages: Arabic, English, French, Japanese

Computer Skills: Word, Excel and Power Point

PMP Siemens certified

Training Certificates

Principles of Project Management @ ExxonMobil Houston – ExxonMobil May 2010

Exploration and petroleum (E&P) level 2&3 accounting course - MDT international

Venture / Capital Projects Trainings



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