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CFO with 25 year experience including 10 years audit with KPMG, CPA

Location:
Cairo, Cairo Governorate, Egypt
Posted:
February 14, 2018

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Resume:

Objective

A qualified Head of finance with a strong portfolio with more than 22 years Track record of full time remarkable level of achievements in accounting audit finance and business in a national and multinational environments in more than country, seeking An executive position in a major challengeable body where I can touch that the skills I have gained during the course of my professional and educational experiences will be valuable assets to the body

Profile

• A strategic planner with expertise in designing and implementing financial and reporting models to facilitate enhanced financial control and also making the business processes more robust in the organization.

• Proven ability to contribute towards business growth and profit through achievements in financial management, improvement in operations, cost reductions and institutionalization of internal controls, resulting in improvements in operations.

• Possess significant leadership experience in building, motivating and restructuring teams for higher performance.

• Ability to work on own initiative, prioritize work, handle pressure and has the edge to analyze and take suitable decision for the best interest for the business

• Ability to develop, implement and maintain management information ERP with the best flow of document and information to be in compliance with the ERP requirement

• Supervise all routine financial accounting functions up to finalization of management, statutory reporting and inter-company accounting.

• Proper utilization of business resources through developing and implementing budgeting, forecasting and costing systems tally with the business process to achieve target

• Responsible for the overall management of the finance function in the business including period end closing process, financial and performance management

• Identify financial and business risk areas and ensure necessary steps are taken to mitigate these risks

• Strong communication (oral & writing) with other parties externally and internally (including auditors, Financial Institutions, leasing company, Funds

• Ensure the effective achievement of the Finance Department through the supervision of the team – setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to maximize subordinate and departmental performance

• Restructuring the business (changing in business calture) to achieve the target based on the business need

• And finally perform an IPO assignment (small to medium size business) in KSA (AL-kifah group) IN 2006 and acquisition in Egypt (Vitrac & Enjoy) IN 2004 & 2008 Respectively

Education

Basic: - Bachelor of Commerce-major accounting-- Cairo University /1988

Post Graduate - Certified Chartered Accountant (ESAA) -Cairo-EGY 1995

• Certified Tax Accountant (EST) Cairo – EGY 1996

: - Certified public Accountant (CPA)-Chicago-IL-USA 1997

A- Summery Career History and special achievement over the regular course of business:

Date from Sep 2016 - Current

Role: CFO/DGM – Finance & Admin

Recently, Purchase & warehousing departments were added under my

Supervision

Employer Ismailia Food Industry - FOODINA

Reporting to: Reporting to the CEO

Industry FMCG Industry Specialized in manufacturing and distribution Frozen

Processed Meat, Chicken and frozen vegetables,

Achievement Lead the restructuring process for the business in term of (sales, production, purchase, warehousing, and finance & IT system)

Set-up and implement very accurate direct costing system with master bill of material and alternative bill of material and accurate reallocation of overheads with reallocation of overhead in a suitable manner resulted in an accurate profitability margin per unit and sales price within the market benchmarking

Minimize cash conversion cycle through effective management of inventory payable and receivable days on hand

Communicate with financial institutions (banks and leasing company) to finance growing up in business whatever short-term facility to finance working capital or medium term facility to finance CAPEX)

Play role of supply chain committee to maintain stock level of inventory with a minimum cash request to meet te production needs and sales forecast, specially that the expiration period for the products is 3 months

Date From Feb 2015 - Sep 2016

Role: Chief Financial Officer

Employer EL-Rashidy confectionary development factories

Reporting to: Reporting to to the CEO / executive committee from

SILK INVESTMENT (British private equity)

Industry FMCG Industry Specialized in manufacturing and distribution Halawa, tahini, waffer, Jam, tomato paste and some other confectionary products under brand (EL-ASLY)

Special The business with elrashidy leads us to focus on the cash, costing, for

Achievement pricing, update sales methodology

Developing Costing system including direct costing system and cost re-allocation process to allocate overhead on a reasonable manner

Date From Oct 2012 – Jan 2015

Role: Chief Financial Officer

Employer Elsewedy Electric (Transformers sector)

In-charge on6 factories over 4-business units in Egypt and Africa

Reporting to: Reporting to executive committee and dotted line to the VP

Industry Specialized in manufacturing and distribution energy Transformers

Special With elsewedy I focused on the cash convention cycle and inventory level

Achievement and supply chain with an accurate costing system to serve pricing methodology

Set-up a supply chain committee to facilitate business process while maintaining stock level sufficient to the business need

Issued a consolidated financial statements for the 4 business units

Date From Aug 2010 to Sep 2012

Role Finance Manager

Employer Green land –Farm Frites (Subs of Americana group)

Reporting to : Regional CFO and dotted line to the M.D.

Industry FMCG Dairy Products & potatoes (agriculture, manufacturing &distribution)

Date From April 2009 to June 2010

Role Finance Manager

Employer Al-Othman Agri production industry (NADA) – KSA

Reporting to GM/ CEO

Industry FMCG Dairy Product, juice, Tomato paste (manufacturing, distribution & trading)

Special - Duties included participation in implementing an ERP AX - 9)

Achievement modifying the applied costing and inventory control system and Activated supply chain concept which resulted in minimizing inventory balance by 30% and of course the positive impact on the inventory days on hand ratios and cash flow

Implement internal transfer pricing concept between the herd and factory (regarding the milk) to measure profitability for each sector

Restructuring the company's Equity (for the IPO purposes) by acquiring 100% equity stack of four distribution agents in GCC,

Date From April 2004 to April 2009

Role Financial Controller

Employer Nile Co for food industry (ENJOY) – EGYPT

Reporting to: the M.D /Dotted line to Executive Committee.

Industry FMCG Dairy Product and juice (manufacturing & Distribution)

Major - Implement ERP (G.P) financial and operation

Achievements - Developing and implementing a costing system resulted in

Decreasing in cost per unit and sales price positively. And consequently achieving growth in turn over by 10%

- Prepare Business plan for the next 5 years showing the growth inBusiness Net-wealth in a form of turnover, G.P, EBITDA and N.P with the CAPEX and cash management required to achieve business growth,

- Responsibilities also included restructuring the company's file for a

Purpose of acquisition of 100% equity stack of the company by other investor

Date From June 2000 to April 2004

Role: Ass. Financial Controller.

Employer Hero (VITRAC) – EGYPT

Reporting to F.C / Dotted line to the Head Office (Swiss)

Industry FMCG, jam, juice and syrup (manufacturing & distribution)

Major -Implement ERP (Fourth shift) financial and operation

Achievement -Set up a costing and budgeting system (zero base budgets) resulted in

Modifying the sales and production mix in addition, Decrease in cost (direct &

Indirect) and maximize in N.P by Avg 5%

Participate in acquisition deal of 100% stack holder of VITRAC by HERO

-Participate (as a project member) in revaluating, restructuring the company for a purpose of acquisition of 100% equity stacks of the company by HERO

Date From April 1991 to April 2000

Role Staff To Audit Manager

Employer KPMG- Hazem Hassan

Reporting to Audit Partner

Industry Audit and consulting services

(Where I participate in more than Due Diligence task plus regular audit tasks including Planning, Review, Audit, Assess, and Report and discuss the conclusion of audit task with the customer)

Date From June 1988 to April 1991

Role Accountant, Book keeper

Employer Arab Company for prefabricated building

Reporting to Finance Manager

Industry Manufacturing - steel structure

Other Qualification

- Member of American Institute of Certified public Accountant 1998 (AICPA)

- Member of Egyptian Society of Accountant and Auditors 1995 (MESAA)

- Member of Illinois CPA Society 1998 (ICPA)

- Member of Egyptian Society of Taxation 1996 (MEST)

- Instructor for CPA review program in Cairo University & A.U.C (1998-2001)

- Instructor for in_house training courses with KPMG – H. Hassan (1995- 1999)

Training courses

• Attended in- house courses held with KPMG- Cairo concerning

• Auditing of industrial, financial, hospitality and constructions entities

• CPA review course

• International auditing and accounting standards

• IFRS Standard Course

• Passed a COBOL course... ICL institution

• Modern Accounting Courses- AUC

• Project management team

• Commit to perform management (team building)

Personnel Information

Marital status: Married with Four depend and

Date of birth: 28 /1/1967

Tel: 002-01005656562-01110001504

SKYP: TAREKABDRAHMAN



Contact this candidate