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Chief Financial Officer

Location:
Cairo, Cairo Governorate, Egypt
Posted:
December 07, 2017

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E-Mail: ac3mp5@r.postjobfree.com

E-mail: ac3mp5@r.postjobfree.com

CAREER OBJECTIVE

Seeking a challenging managerial position where I can effectively utilize my knowledge, experience and qualifications in business financial sector that can lead to improving my professional experience and contributing to accomplish organizational goals.

PROFESSIONAL PROFILE

Financial Management/Accounting with over twenty-five years’ experience leading the financial functions of manufacturing, construction and trading with international organisations like ABB (formerly Asea Brown Boveri) and Drake & Scull International and NewHover company which a member of LINHARDT (Germany) as Business Area Financial Controller, operations with up to 1300 employees and EGP85 Million in sales. Recognized for ability to identify continuous change actions to reduce cost, enhance quality, and increase margins. Involvement in strategic planning and business development operations, including work in the structuring, controlling/financing transactions. With responsibilities in financial reporting, planning, forecasting, information systems, accounts payable, payroll, fixed assets, and general ledger. Led several IS conversions bringing in new systems on or ahead of schedule and on or below budget.

Self-motivated financial executive offering a solid history of success across corporate finance and treasury functions for leading international organizations. AREAS OF PROFESSIONAL EXPERTISE

Developed business financial planning, budgeting and forecasts for company’s business units.

Financial operations management and Establishing an effective finance organization to meet the company’s needs & requirements.

Development of procedures and policies for the accounting department.

Supervised and prepared monthly financial statements

Treasury Management through setting and or managing a cash flow policy that helps optimizing the cash flow management and hence the entire business cycle management.

Risk management assessment.

Ashraf Ahmed Hussein

Cost Reduction and cost controlling team leader

Working Capital Management/Hi Leverage

Reporting Compliance Leader

Projects Management and Project-based structured financing

Management of ERP System’ Implementations.

Analyzing financial data, identifying the pain and structuring a financial model that helps in boosting the corporate financial efficiency.

Top management advisory through preparation of a detailed feasibility studies for new projects or business lines and/or performing financial due diligence that enables the investor to properly valuate the new investment. ACADEMIC BACKGROUND

Achieved Bachelor of Commerce Degree in Accounting from Ain Shams University, Cairo, Egypt 1989.

KEY ACCOMPLISHMENTS

Project Manager for the design and development report, procedure of review, control and follow up for large projects.

Team leader for re-engineering and change the internal accounting system related from IAS to USGAAP.

Project Manager for the implementation of Cost control application software.

Communicated with managers and coordinated the financial reporting of fifteen locations to consolidate financial data.

Resolved all outstanding issues with quality of financial data coming from the group.

Team Leader in ERP software selection process / Project Leader in ERP implementation.

Focused firm on most profitable segments, allowing sales growth of more than 100% and moving from a large annual loss to significant profitability.

Provide strategic recommendations to enhance financial performance and new business opportunities

Provide complete project-oriented solutions to fit the individual portfolio goals of each member/project participant.

Developed internal systems to dramatically improve professional services billing accuracy, driving accounts receivable DSO to respectable levels. PROFESSIONAL EXPERIENCE

Chief Financial Officer

NewHover for Meta & Plastics Industries, Egypt 2013 - Present ACTIVITY: Manufacturing of metal and plastic for collapsible aluminum tubes and plastic tubes products.

KEY RESPONSIBILITIES:

1. Annually, preparation of detailed financial budgets and cash flows working closely with budget holders and line managers.

2. Direct and coordinate company financial planning and budget management functions. 3. Recommend benchmarks for measuring the financial and operating performance of divisions and departments.

4. Preparing monthly management accounts including narrative report on budget Variances against monthly operating results.

5. Provision of regular cash flow information to assist Company plan payments. 6. Provide Directors with answers to their requests for financial analysis. 7. Ensure any surplus funds are invested to best return. 8. Review and arrange insurances, including assets, professional indemnity, travel and events.

9. Development, implementation and operation of systems and procedures to ensure integrity of accounting information and safe custody of assets, including procedures to eliminate and detect fraud or theft of company assets. 10. Day to day managing of accounts department staff including annual appraisal and recruitment as necessary.

11. Attendance at Finance Committee meetings and responsibility for minutes. 12. Maintain a central register of all sponsorship contracts and ensure funds due are collected in a timely fashion, and all contract conditions are met. 13. Recommend benchmarks for measuring the financial and operating performance of divisions and departments.

14. Oversee daily operations of the finance department. 15. Manage the preparation of the official annual report of actual revenues, transfers, and expenses.

16. Prepare financial analysis for contract negotiations and product investment decisions. 17. Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.

18. Direct financial audits and provide recommendations for procedural improvements. 19. Other duties as assigned.

Director of Finance

Moon Stone International, Egypt 2005 - 2013

ACTIVITY: Providers of integrated systems and small home appliances; with 150 employees at about 3 offices; annual sales 400M; privately owned; www.caira.uk KEY RESPONSIBILITIES:

1. Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee and Board of Directors. 2. Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.

3. Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.

4. Issue periodic reports to Chairman and management summarizing results of audit activities. 5. Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change. 6. Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.

7. Analyze and communicate the impact of all significant operational and strategic decisions on profits highlighting growth in the longer term vs. short-term gains. 8. Analyze the competitors in Egypt and make active use of this information to help define Egypt strategy.

9. Develop and maintain reporting capabilities for all reporting entities. This includes development of appropriate systems and capabilities that support business-reporting requirements.

10. Monitor, track, assess and advise management of key spending and business trends. 11. Responsible for consolidating the annual operating plans, re-forecasts and period end financial reporting requirements

Chief Financial Officer (CFO)

Drake & Scull International, Egypt 2002-2005

ACTIVITY: Company offers a unique mix of services, providing electromechanically solutions to construction companies; International; www.drakescull.com KEY RESPONSIBILITIES:

1. Participating with the Managing Director for the Reformation process of the company. 2. Establish and follow up all necessary financial and budget reporting systems to allow better view on the company's financial position i.e.: i. *) Monthly reporting the company's running projects. ii. *) Monthly, quarterly financial reporting to UK. 3. Preparing yearly, cash management, managing payable & receivable. 4. Hiring the employees and officers for the finance and administration department. 5. Budget and planning procedures for the company's project and different company business units, complying with Drake & Scull -UK planning guidelines and rules. 6. Improve the Company’s liquidity by advising the board of directors to change some financial policies.

7. Initiate and setting up the accounting system for the company. 8. Lead and / or provide support on special projects, which will form the basis for varied and wide learning / interaction with multiple functions and all business entities. 9. Create and assess financial statements and budget documents. 10. Ensure adequate cash flow to meet the organization's needs. Business Area Financial Controller

ABB Automation, Egypt 1998-2002

ACTIVITY: Constructions, Trading and Services and Maintenance, Products, systems and services for industrial processes and building systems. ABB Turbochargers, Egypt.

ACTIVITY: Clean, efficient power generation systems for utilities, industries and Independent Power Product.

Leading North Africa forwarding company International; 4 branches in Egypt; 1000 employees; annual sales: 500 M; www.abb.com.eg

KEY RESPONSIBILITIES:

1. Monitor and direct strategic business plans.

2. Provide strategic recommendations to enhance financial performance and new business opportunities

3. Internal finance and budget and cost control procedures. 4. Ensure effective internal controls are in place and compliance with GAAP and applicable regulatory legislation for financial and tax reporting 5. Establish and follow up all necessary financial and budget reporting systems to allow better view on the company's financial position i.e.:

i. *) Monthly reporting the company's running projects. ii. *) Monthly, quarterly financial reporting to Zurich. 6. Leadership of banking, insurance, outside accounting & regulatory authority relationships. 7. Internal allocation procedures to fair distribution of the company’s overheads to the company business areas and units.

8. Budget and planning procedures for the company's project and different company business units, complying with ABB planning guidelines and rules. 9. Managing L/C’s & L/G’s and communicating with the banks and the foreign suppliers. 10. Ongoing advice for the management concerning the financial results of the company. ACCOMPLISHMENTS:

Project Manager for the design and development report, procedure of review, control and follow up for large projects.

Manager responsible for ABC project (Activity Based Cost). Team leader for conducting Company' Working Hours Study. The objective of the study was to assess the impact of changing the working hours. The study included the development and the conduct of surveys targeting all customer segments as well as analyzing sectors' different types of transactions in terms of volume, timing and duration.

Team leader for Re-engineering and change the internal accounting system related to IAS.

Team leader for the design and development of a "Project of trade receivable aging analysis" and was involved in several Re-engineering and Change Management activities.

Project Manager for the implementation of Cost control application software. Group Financial Controller

Al Madaen Star Group, Saudi Arabia 1995-1998

Joint stock, established in 1995 venturing the field of real estate development and marketing. 1. Financial & Cash flow reporting

2. Cost analysis reports for the projects

3. Month-year end financial reporting

4. Annual audit file

5. Handling and Monitoring projects’

revenues and cost elements

6. Tested and implemented the new

software package.

7. Ongoing advice for the

management concerning the

financial results of the company.

8. Formalizing budgeting process.

Finance Manager

Delmon Food Factories, Bahrain 1990-1994

Joint venture, providing snack food industry representing snack manufacturers and suppliers. 1. Financial & Cash flow reporting

2. Cost analysis reports for production

lines

3. Month-year end financial reporting

4. Annual audit file

5. Monthly report of Financial analysis

for Business planning & actual

operation

COMPUTER SKILLS

Enterprise Resource

Planning Software SAP.

ABC (Activity Based

Cost) Project.

Microsoft Dynamics GP10. Advanced Microsoft

Office.

Oracle, Enterprise

Resource Planning

Software

PERSONAL SPECIFICATION

Over twenty years in progressively responsible financial leadership roles.

Strong interpersonal skills, ability to communicate and manage well at all levels of the organisation.

Strong problem solving and ability to make decisions based on accurate and timely analysis.

High level of integrity and dependability.

Make and implement crucial recommendations.

Excellent time management and organizational skills including the ability to manage multiple projects with tight deadlines and high accountability.

Strong understanding of profit and loss statements as well as analytical, communication, presentation and interpersonal skills. PARTICULAR STUDIES

SAP Financial Solutions Training Courses in Finance.

SAP Financial Solutions Training Courses in Controlling & Planning.

Microsoft Dynamics Great Plains ERP Implementations.

Strong and demonstrated skills managing financial system and software proficiency

(MS Excel, PowerPoint, Word, Access).

EDUCATION

Ain Shams University

Faculty of Commerce

Cairo, Egypt, 1985 – 1989

Degree: Bachelor’s Degree in Accounting or Finance. LANGUAGES

Arabic, English.

OTHER INFORMATION

I have traveled to almost Arab countries

Lived and worked Bahrain and Saudi Arabia for seven years REFERENCES

References are available upon request.



Contact this candidate