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Finance Director

Location:
Cairo, Cairo Governorate, Egypt
Salary:
1
Posted:
July 12, 2018

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CURRICULUM VITAE

Name Yehia AbouSedairy Gad,CIA,CMA,CRMA,CICA,CerIFRS

Address Cairo - Helwan

Mobile 010********

Objectives:

I am very ambitious & self motivated & willing to learn in the professional Financial & Audit fields & looking forward to a promotion in Internal Audit & Financial Leadership position.

use my background and experience in auditing and finance in a challenging, growth oriented and defined career path position, as well as working with an organization whose global outreach generates debates, challenging stereotypical thinking and enhances cross cultural communication, understanding and respect. Having the goal of pursuing continuous self-improvement and education to constantly enhance my experience in auditing and finance and expand my inter-cultural knowledge and experience by helping organizations in enhancing internal systems and controls in order to increase effectiveness and efficiency.

Educations:

Bachelor of Commerce - Accounting Major - May 1995, Cairo University, with general grade of “Good "

Professional qualifications

Certified Internal Auditor (CIA) from IIA – USA – November 2011 Certified Risk Management Assurance (CRMA) from IIA – USA – March 2012 Certified Internal Controls Auditor (CICA) from IIC – USA – December 2013 Certified Management Accountant (CMA) from IMA- USA – November 2015 Certified in International Financial Reporting Standard (IFRS ) – From ACCA – Jan2016. Membership in IIA (Institute of internal auditor)

Membership in IMA (Institute of management accountant) Membership in IIC (Institute for Internal Controls) Chartered accountant from ministry of finance in 15/07/2006 Diploma in Financial Analysis (vertical- horizontal- ratio) from (A.T.C) Diploma in Banking Dealing (LC & LG) from (A.T.C)

2

January 2016, till Present:

Finance Director At Frontier Founder Holding Group (FFH GROUP)

(Diversification Portfolio Investments Such As Coffee Sky Company, Makaen Atheela Company, Kenkoh Company, Pionative Company ) - (KSA). JOB DESCRIPTION

Overall control and responsibility for all financial aspects of company strategy, assuming a pro-active role in providing the management with insights into the operational issues from a finance and compliance perspectives as well into strategic issues from feasibility and sustainability perspectives.

Responsible for communicating the business strategy and its financial implications

(budget, funding requirements etc.) to key stakeholders, including the Board, employees, potential providers of funds, external advisers and customers.

Identify opportunities to improve profitability by cost cutting & Identify cost optimization opportunities

.

Create and maintain financial policies and procedures, controls and reviews.

Manage cash flows and banking relationships.

Assume responsibility for the implementation and oversight of financial/ internal controls.

Provide timely and expert advice to the CEO on complex, strategic financial matters and to oversee and manage the finance department.

Critically evaluate actual versus budget analysis and raise red flags with action plans for any deviations.

Take ultimate responsibility for the company cash management policies; and ensure adequate and correct funding structure, considering the business needs.

Ensure corporate budgeting processes are carried out and reviewed; and deliver budget and financial execution accurate and timely reports.

. Manage company policies regarding capital requirements, debt, taxation, equity, disposals and investments, as appropriate.

Ensure that company financial systems are robust, compliant and support current activities and future growth.

Ensure effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.

Work with senior teams to grow the business, formulating strategies and plans; and play a leading role in the review and finalization of investment proposals.

Oversee all financial aspects and drive financial strategy and planning. Also will be responsible for assessing the financial performance, in addition to identifying possible risks and investments.

3

Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.

Correspond with various other departments, discussing business unit plans and agreeing on future paths to be taken.

Lead, implement and maintain an up-to-date management accounting and reporting system as well as budgetary control and expenditure procedures.

Provides monthly reports to management on financial and operating results including interpretations and recommendations, as well as other information on business conditions, which contribute to the company’s operating circumstances.

Develop, recommend and direct all short term and long range financial plans consistent with corporate philosophy and strategies.

Coordinate external audits performed by corporate auditors and third-party entities ensuring timely, accurate and professional representation of all information provided.

Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate

Oversee cash-flow planning and maintain the availability of funds

Develop financial business plans, models and forecast

Support the commercial aspects of the business for deal reviews when required, analysis of risk versus reward in commercial value terms, as well as budgeted costs, pricing and margins.

Work with senior teams to grow the business, formulating strategies and plans; and play a leading role in the review and finalization of investment proposals.

Participating in strategic planning, and formulating long-term business plans.

Define, develop, and analyze relevant Key Performance Indicators (KPIs) and Performance Drivers (PD) and implement improvement strategies.

Ensure that accurate financial and accounting records are maintain in accordance with Generally Accepted Accounting Principles (GAAP) /or IFRS.

Prepare and present monthly financial budgeting reports, monthly profit and loss and cash flows – actuals vs. budget and forecasts

Support business development in developing financial models for new projects – both internal and external – and assess the implications on investment requirements, financing, and near and long-term financial performance

Responsible for communicating the business strategy and its financial implications

(budget, funding requirements etc.) to key stakeholders, including the Board, employees, potential providers of funds, external advisers and customers.

Overseeing the Finance Function and maintaining strong relationships with Banks and other financial institutions

Oversee Treasury activities, buying and hedging of currencies and currency movements to reduce FX exposures.

Manage cash flow and ensure that excess cash is invested in approved financial instruments.

4

Ensure compliance with Authority Matrix in the organization with all matters relating to Finance.

Pro-actively contribute to the improvement of the business and company profitability and cash flow. Champion actions to address performance variations and provide input to the implementation of value adding strategies. Provide professional financial advice to the CEO and Management Team.

Establishes accounting policies, procedures, processes and system of internal controls to ensure protection of assets, accuracy and reliability of financial information and financial reporting.

Investigates and follows-up of potential opportunities to grow and expand the business through acquisitions and mergers.

Coordinates with the Chief Internal Audit on internal audit annual work planning/prioritization in the light of corporate priorities, external audit management letters and key risks assessment.

Reviews major findings related to policy deviations, internal controls, process deficiencies and protection of assets and influencing responsible staff taking timely corrective actions.

Negotiates audit timing, fees and engagement letters with external auditors.

Establishes and communicates with the business units on timeline and audit information requirements for annual statutory audits.

Monitors timely provision of accurate information to external auditors including certifications/confirmations on Statement of Accounts with Financial Institutions, customers and suppliers.

Provides approval of final audited statements based on clearance from the CEO.

Receives, circulates and reviews external audit management letters monitoring completion of any remedial actions required.

5

July 2014, till November 2015:

Head of Internal audit (Chief Audit Executive) At Almoalem Group of Companies

(Diversification Portfolio Investments Such As “ Alromansiah Restaurants Chains, Lamina for Aluminum Manufacturing, Ya Salam Wholesaler for Home Appliances

) - (KSA).

JOB DESCRIPTION

Establish risk assessment project for Almoalem group of companies.

Develop, Implement and Maintain the Internal Audit Charter.

Identifying and evaluating significant exposures to risk and contributing to the Improvement of risk management, control systems, and governance in accordance with accepted professional standards.

Evaluating the adequacy and effectiveness of controls encompassing the organization's governance, operations, and information systems and the promotion of their continuous improvement through bringing a systematic, disciplined approach.

Evaluating the reliability and integrity of financial and operational information.

Evaluating the effectiveness and efficiency of operations.

Evaluating the safeguarding of assets.

Evaluating compliance with laws, regulations, and contracts.

Ascertaining whether management has established adequate control criteria to evaluate the accomplishment of objectives and goals.

Preventing and detecting fraud, illegal acts.

Administer the internal audit activity of an assigned location or operation.

Establish Risk- Based plan to determine the IAA's priorities, must be consistent with the goal of the organization.

Establish policies and procedures for the internal audit activity and manage its technical and administrative functions

Incorporate results from Group risk assessment process as part of the audit plan preparation process.

Possess precise knowledge of international financial reporting standards (IFRS), international standards for professional practice of internal auditing, COSO, and Sarbanes-Oxley (SOX).

Re-evaluating risks on an annual basis through a risk assessment process to ensure that the priority risks of the organization have been addressed.

direct and provide quality assurance over individual audit projects, investigations into reported incidents of fraud or irregularities and Ad- hoc assignments requested by Chairman, whilst working closely with the senior management team to ensure that the main risks are being addressed

Develop comprehensive, practical Audit programs of engagement coverage for the assigned location or operation.

Obtain accomplishment of the program in accordance with acceptable engagement standers and stipulated schedule.

Maintain effective working relation with executive and operation management. 6

Prepare a comprehensive, long – rang program of engagement coverage for the location to which assigned.

Identifies those activities subject to engagement coverage, evaluates their significance, and assesses the degree of risk inherent in the activity in terms of cost, schedule and quality.

Establish the related departmental structure.

Obtain and maintains an audit staff capable of accomplishing the internal audit function.

Assigns engagement areas, staff, and budget to supervisor.

Develops a system of cost and schedule control over engagement projects.

Establishes standers of performance and by review, determines that performance meets the standards.

Provide executive management within the assigned location with reports on engagement coverage and engagement results and interprets those results so as to improve the engagement program and the engagement coverage through our recommendations.

Making the required following up with the Audittees to ensure they take the required corrective actions & submitting our Conclusion to the Board.

Establish and monitors accomplishment of objectives directed toward increasing the internal audit activities' ability to serve management.

Updated audit universe (all possible audits) includes components of the organization's strategic plan. The IAA's audit plan is based on (1) the audit universe, (2) senior management and board input, and (3) an organization risk assessment.

Direct and review the work of auditors engaged to perform operational, financial and compliance audits in accordance with Corporate Internal Audit policies and procedures.

Performs related work as assigned by the board of directors.

Obtain and provide training to the audit staff to support all aspects of Internal Audit activities to ensure that approved audit objectives are met. September 2008, till May 2014:

Group Internal audit manager At Saudi Research & Marketing Group (SRMG)

(KSA).

JOB DESCRIPTION

Identifying and evaluating significant exposures to risk and contributing to the Improvement of risk management, control systems, and governance in accordance with accepted professional standards.

Evaluating the adequacy and effectiveness of controls encompassing the organization's governance, operations, and information systems and the promotion of their continuous improvement through bringing a systematic, disciplined approach.

Evaluating the reliability and integrity of financial and operational information.

Evaluating the effectiveness and efficiency of operations.

Evaluating the safeguarding of assets.

Evaluating compliance with laws, regulations, and contracts.

Ascertaining whether management has established adequate control criteria to 7

evaluate the accomplishment of objectives and goals.

Preventing and detecting fraud, illegal acts.

Administer the internal audit activity of an assigned location or operation.

Establish Risk- Based plan to determine the IAA's priorities, must be consistent with the goal of the organization.

Establish policies and procedures for the internal audit activity and manage its technical and administrative functions

Assist the CAE to incorporate results from Group risk assessment process as part of the audit plan preparation process.

Possess precise knowledge of international financial reporting standards (IFRS), international standards for professional practice of internal auditing, COSO, and Sarbanes-Oxley (SOX).

Re-evaluating risks on an annual basis through a risk assessment process to ensure that the priority risks of the organization have been addressed.

Develop comprehensive, practical Audit programs of engagement coverage for the assigned location or operation.

Obtain accomplishment of the program in accordance with acceptable engagement standers and stipulated schedule.

Maintain effective working relation with executive and operation management.

Prepare a comprehensive, long – rang program of engagement coverage for the location to which assigned.

Identifies those activities subject to engagement coverage, evaluates their significance, and assesses the degree of risk inherent in the activity in terms of cost, schedule and quality.

Establish the related departmental structure.

Obtain and maintains an audit staff capable of accomplishing the internal audit function.

Assigns engagement areas, staff, and budget to supervisor.

Develops a system of cost and schedule control over engagement projects.

Establishes standers of performance and by review, determines that performance meets the standards.

Provide executive management within the assigned location with reports on engagement coverage and engagement results and interprets those results so as to improve the engagement program and the engagement coverage .

Establish and monitors accomplishment of objectives directed toward increasing the internal audit activities' ability to serve management.

Updated audit universe (all possible audits) includes components of the organization's strategic plan. The IAA's audit plan is based on (1) the audit universe, (2) senior management and board input, and (3) an organization risk assessment.

Direct and review the work of auditors engaged to perform operational, financial and compliance audits in accordance with Corporate Internal Audit policies and procedures.

Performs related work as assigned by the audit committee of the board of directors.

Obtain and provide training to the audit staff to support all aspects of Internal Audit activities to ensure that approved audit objectives are met.

Share with price water house & Coopers (PWC) to establish risk assessment project for SRMG's group of companies.

8

January 2008, till September 2008:

Finance Manager At M&A Glass manufacturing Company (S .A .E) – Perfect for Glass manufacturing Company

JOB DESCRIPTION

Defining the strategy for the Finance function in line with the business strategy.

establishing, maintaining financial and management procedures for the organization

Evaluates potential investments opportunities and manages any existing investments

manage the day to day activities of the accounting and finance department

Ensure timely and accurate closing of monthly financial.

Ensure existence and implementation of internal control policies.

ensure timely preparation of management reports and schedules

Ensure timely completion of external audit through proper coordination and efficient submission of documents and schedules required the auditors.

Ensure accuracy of inventory level per book against actual, though periodic inventory count activity.

Preparation of monthly financial reports and analysis and develop other reports as needed and requested by management.

Monitoring performance and efficiency analyzing change and conducting risk assessment participating in strategic planning and formulating long – term business plans.

Conducting reviews and evaluations for cost – reduction opportunities.

Preparation of annual budgets and business plans, as well as any periodic financial forecasts which are required to effectively manage the financial operations of the business in line with company objectives. Monitor actual performance against approved budgets & business plans and investigate and report on significant variances.

Ensures corporate compliance to government Law, regulations, & internal controls.

Analyzes competitors and market trends

Responsible for analyzing and evaluating financial and pricing plans it's related to overall objectives for business segment.

Establishes the organizational structure, policies, and procedures for the assigned business segment.

Setting up the credit limits for the customers and taking approval of the management on the same

Ensure that accounting records are prepared and maintained in accordance with the company's accounting policies. Recommended accounting standards and related accounting principles and practice. This includes keeping abreast of changes in international accounting standards.

Direct the development of the financial and accounting policies, procedures and systems and advise senior management on the interpretation and implementation of these policies, procedures & systems. This includes ensuring that there is an appropriate internal control framework in place within the company to effectively manage key business risks and safeguard the company's assets.

Co-ordination the completion of the annual audit of the company's financial statements in accordance with local accounting standards & regulations and corporate requirements.

Developing financial management mechanisms that minimize financial risk 9

Conducting reviews and evaluations for cost-reduction opportunities

Manage and monitor acc's cash transactions within the system and depositing cash or checks at the bank.

Reviews and propose authorization of cash transactions in accordance with ACC'S policies and regulations.

Reviewing the Risk Control Matrix and separating the risk between routine and non routine risks

Prepare consolidated cash balances reports on weekly basis for the company

Prepare projected cash flow statements including the projected bank facility requirements and timings used for management reporting

Determine the company's borrowing requirements and options, and negotiate with banks for loans and facilities.

Review and evaluate the different bank facilities like (Loans, overdraft, letter of credit and letter of guarantee) in order to maintain a balanced effective corporate financing

Manage ACC'S loans and interest payments by ensuring any repayments are paid on time and tracked accordingly.

Review wording of letters of credit and bank guarantees either received from or sent to the bank and chose the best practice that suit the company needs

Bank statues reporting and keeping balances in the banks accommodate the need of the company and its operations.

Maintain high profile bank relation with bank officers and management

Ensuring that a company's cash flow is adequate to allow it to operate effectively

Undertaking risk management activities to protect a company's financial well-being

Analyzing the impact of financial markets on the performance of products or services April 2005, till December 2007:

Group Internal audit manager At Ghabbour Group of Companies – GB- Auto

(Automotive)

JOB DESCRIPTION

Identifying and evaluating significant exposures to risk and contributing to the Improvement of risk management, control systems, and governance in accordance with accepted professional standards.

Evaluating the adequacy and effectiveness of controls encompassing the organization's governance, operations, and information systems and the promotion of their continuous improvement through bringing a systematic, disciplined approach.

Evaluating the reliability and integrity of financial and operational information.

Evaluating the effectiveness and efficiency of operations.

Evaluating the safeguarding of assets.

Evaluating compliance with laws, regulations, and contracts.

Ascertaining whether management has established adequate control criteria to evaluate the accomplishment of objectives and goals.

Preventing and detecting fraud, illegal acts.

Administer the internal audit activity of an assigned location or operation.

Developing audit objectives, risk-based plans, and scope consistent with the Department's charter, and the assessment of audit risk. 10

Monitor, Manage, Review and approve planning and reporting phases of the audits and ensure that fieldwork phase of the audit is based on the work programs at various type of audits designed to add value and improve the effectiveness of risk management, control and governance process in audited entities. Conducts follow ups, special reviews and fraud investigations

Ensure compliance with the code of conduct, standards and professional ethics laid down by the appropriate professional auditing / accounting bodies and the Group

Appraising the economy and efficiency with which resources are employed, identify opportunities to improve operating performance, and recommend solutions to problems where appropriate

Evaluating the plans and actions taken to correct reported conditions for the satisfactory disposition of audit findings; and provide adequate follow-up to make sure that proper corrective action is taken and that it is effective;

Examines the efficiency and effectiveness of all levels of management in their stewardship of Company resources in order to comment on the degree of the Company's compliance with the Development and Fiscal Agreement, the Memorandum of Association, the Articles of Association, the Facilities Services and Data Sharing Agreement, the Operating and Maintenance Agreement, Lender Agreements, and established policies and procedures

Assigns engagement areas, staff, and budget to supervisor.

Develops a system of cost and schedule control over engagement projects.

Establishes Manual, Policies & Procedures for the auditing activity and direct its technical and administrative functions.

Develop and executes a comprehensive audit program for evaluates the adequacy and effectiveness of the management control system of all group companies activities towards the accomplishment of its objectives in accordance with company policies and plans.

Evaluate the adequacy of the action taken by operating management to correct deficient conditions, acknowledges adequate corrective action, continues to review with appropriate management personnel actions considered inadequate until there has been a satisfactory resolution of the matter.

Identifies those activities subject to audit coverage, evaluates their significance, and assesses the degree of risk inherent in the activity in terms of cost, schedule, and quality.

Conducts special assignments at the request by audit committee & management.

Managing the internal audit function and establishes the departmental structure.

Evaluating and improving the adequacy & effectiveness of risk management, Control

& governance processes.

Establishes standards of performance and reviews performance according to those standards.

Obtain and provide training to the audit staff to support all aspects of Internal Audit activities to ensure that approved audit objectives are met.

Provides reports to executive management within the assigned location concerning coverage and the results of the audit activity. Interprets those results to improve the audit program and its coverage.

11

October 2002 till April 2005:

Head of Internal Audit Dept. At Sinaa International for Marble & Granite (S.A .E). JOB DESCRIPTION

Developing audit objectives, risk-based plans, and scope consistent with the Department's charter, and the assessment of audit risk.

restructuring, building up the department, and improving the skills of the internal audit team

Establishes Manual, Policies & Procedures for the auditing activity and direct its technical and administrative functions.

Manages, executes and coordinates operational, financial and compliance audits of Group and its business segments in accordance with accepted professional standards.

Provide executive management within the assigned location with reports on engagement coverage and engagement results and interprets those results so as to improve the engagement program and the engagement coverage.

Develop and executes a comprehensive audit program for evaluates the adequacy and effectiveness of the management control system of all group companies activities towards the accomplishment of its objectives in accordance with company policies and plans.

Evaluate the adequacy of the action taken by operating management to correct deficient conditions, acknowledges adequate corrective action, continues to review with appropriate management personnel actions considered inadequate until there has been a satisfactory resolution of the matter.

Identifies those activities subject to audit coverage, evaluates their significance, and assesses the degree of risk inherent in the activity in terms of cost, schedule, and quality.

Providing Efficient and Effective Accounting and Internal Audit procedures.

Improving the adequacy effectiveness of risk management, control & governance processes.

Evaluating and improving the adequacy & effectiveness of Internal Control system.

Assuring compliance with policies, procedures, applicable laws& Regulations.

Establishes standards of performance and reviews performance according to those standards.

Provides reports to executive management within the assigned location concerning coverage and the results of the audit activity. Interprets those results to improve the audit program and its coverage.

Establishes and monitors accomplishment of objectives intended to increase his department's ability to serve management.

July 1996 to September 2002

Joined El-Sewedy for Electrical Supplies

Accountant from July, 1996- till December 1998 and promoted to Senior Accountant since Januarys 1999 till March 2000 finally Chief Accountant since April 2000 till September 2002.

Professional Experience

12

Assist in Establishes financial Policies, procedures and system of internal control for the Company.

Responsible for knowing critical functions within the department and capable of mentoring and assisting employees within the department.

Monitors compliance with generally accepted accounting principles (GAAP).

Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.

Determines proper handling of financial transactions and approves transactions within designated limits

Compiles and analyzes financial information to prepare entries to general ledger accounts, cost centers and documents business transactions.

Responsible for distributing financial statements and cost center reports.

Prepares work papers and supporting schedules for the annual financial review.

Staff management and development.

Distributes monthly comparison reports and cost center reports according to schedules

Prepares financial statements and other reports to summarize and interpret current and projected company financial position.

Analyze transactional processes and identify areas where additional accuracies and efficiencies can be achieved.

Closely maintains and monitors the fixed assets system.

Applies cost accounting methods to achieve accurate representation of cost center performance

Assist with annual budgets & cash flow preparation.

Coordinate monthly closing process and reconciliation of general ledger accounts.

Support the Company’s mission, vision, values and goals in the



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