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Financial & Business Consultant, Director of Finance, CFO

Location:
Cairo, Cairo Governorate, Egypt
Posted:
June 05, 2018

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Resume:

Resume

ALAA EDIN MOSTAFA ELGHOR

**-* ***** ***** **-Desouky, 4th Floor, Flat #4 Al-Maza, Heliopolis, Egypt (11361)

(H) 24143665-22902722 (C) 012*-******* ac5q9e@r.postjobfree.com Knowledgeable finance leader and strategist with years of experience guiding all aspects of enterprise finance, analysis, and audits to ensure sound foundation for continued growth. Valued contributor to C-level strategy through expert financial; market analysis, reporting, experience in a start-up NGO environment and evaluation of commercial service ventures. Proven history of success maintaining productive relationships with key stakeholders to coordinate systems and procedures, ensuring improved working capital turnover

TARGET POSITION:

FINANCIAL & BUSINESS CONSULTANT - FC

CORE COMPETENCIES:

Financial Management, Analysis & Reporting Strategic Planning Project Management Enterprise Analysis Audit Leadership Valuation & Reviews Business Development Corporate Governance & Controls Credit & Treasury Management Policies & Procedures Regulatory Compliance Legal Standardization Client Management Profitability Management Collections & Receivables Business Development Financial Applications Cost Estimation Resource Management Market Research, & Analysis Financial Modeling Risk Assessment PROFESSIONAL EXPERIENCE:

GENERAL AUTHORITY OF INVESTMENT & FREE ZONES – GAFI, Cairo, Egypt 2008-Present Senior Governmental Financial & Business Advisor to CEO of GAFI Lead internal audit department; coordinated cross-functional team of 13 Financial Section Heads and 15 Internal Auditors. Manage and update financial policy and procedure manual to correspond to organizational changes. Lead up to 3 concurrent projects valued at $30 million, coordinating teams of up to 16 members. Review financial performance, current provision, and risk analysis. Assess financial markets and economic conditions; contribute to aligning financial products with market realities. Assist in educational outreach and technical publication development. Maintain industry connections and memberships in key industry organizations. Evaluate and assess operational and financial data; identify trends and consult with senior-level leadership on business performance. Implement and enforce financial policies and controls; ensure compliance with regulatory requirements. Oversee daily line management of finance team.

Directed large-scale financial reporting and feasibility studies for high-profile collaboration between GAFI and European Union, worth over €4.8 million.

Enhanced productivity and efficiency 7% by introducing Oracle e-Business Suite V12i for financial and administrative activities at corporate office in Nasr City.

Improved efficiency of reporting system from 60% to 85%, achieving industry-leading results.

Reduced operational costs 25% and improved gross margin through implementation of key process efficiency best practices.

Improved work performance 70% by implementing comprehensive internal training programs. ORASINVEST MANAGEMENT SERVICES, Cairo, Egypt 2004-2008 Group Financial Controller & Deputy CFO:

Directed and managed all aspects of accounting, treasury, credit management activities for the holding company and its subsidiaries throughout Algeria, Pakistan, Bangladesh, Tunisia, and UAE. Led production of periodical financial statements and reporting. Prepared annual budgets, biannual accounts, financial statements, and monthly board reports and spearheaded financial integration of corporate acquisitions. Communications with banks for group credit facilities. Introduced process improvements targeted to improve revenue, reduce costs, deliver financial plans, manage acquisitions and mergers, and integrate various operations into group structure. Analyzed financial reports to identify opportunities for improvement

Resume

ALAA EDIN MOSTAFA ELGHOR Page 2 (C) 012*-******* ac5q9e@r.postjobfree.com

Saved over $5 million in overhead costs by leading merger of three subsidiaries and liquidating two unprofitable business units.

Enhanced efficiency 80% by producing comprehensive group policy and procedure manual.

Improved bottom-line revenue 75% and reduced costs by $25 million group-wide by implementing refined financial plan delivery processes. LEAD FOUNDATION, Cairo, Egypt 2003-2004

Finance & Administration Manager:

Managed and oversaw all aspects of start-up NGO environment including finance and administration for NGO MFI providing microfinance loans to people in poverty within Greater Cairo area through financed lending projects through USAID agreement. Allocated project resources and ensured timely collection of dues and installments. Designed budget methodology; consolidated budgets and tracked actual cost and recoveries against budgeted and prepared monthly reports. Established operations involving all facets of financial operations, including payroll, bookkeeping, cost control, budget management, accounting functions, procurement, contract administration, inventory management, and personnel policies. Developed cash flow statements and processed grant credit for beneficiaries based on USAID rules and procedures. Ensured competitive compensation structures in comparison to industry standards; maintained and published all relevant documentation.

Facilitated SME lending of $7 millions to promote poverty sectors by achieving key agreement with USAID.

Accomplished manual procedures for lending SME projects, accompanying with related monitoring and controlling aspects to increase efficiency of financial lending activities.

Assisted in achieving 5-Diamond score for transparency and top 10 ranks out of 100 in 2009 Mix Global 100 composite list of top MFIs worldwide.

Accomplished over 95% collection rate across full product portfolio. INTERNATIONAL TRADING & CONSULTATIONS (ITC LTD.), Cairo, Egypt 2001-2003 Financial, Accounting & Valuation Expert:

Assigned and recruited to lead all aspects of new corporate restructuring, valuation, and analysis. Coordinated corporate restructuring, analysis, valuation, feasibility study, and business plans; applied business valuation approaches and methods to assess both tangible and non-tangible assets. Consulted with core team assigned by European Union to monitor and supervise project and provide technical assistance. Assembled and maintained working papers to support valuations. Conducted and achieved number of financial analysis, business projections, modeling, statistical analysis, and due diligence studies. Positive assistance had been provided in industry researches, and damage calculations for public and governmental sector.

Led large-scale conversion of government financial reporting processes and practices to comply with international standards within 30 days.

Played critical role in restructuring and privatization of key promotion project valued at €40 million as well as profitable sale of affiliate companies of Engineering Industries Holding Co.

Joined with international team of experts, preparing operational and financial recommendations for their existed procedures to enhance productivity. ELI LILLY EGYPT S.A.E., Cairo, Egypt 2000-2001

Treasury & Credit Manager:

Controlled monthly cash flows; monitored customer credit limits and formulated credit policies. Managed accounts receivable collections; monitored stock and distributor levels; reported on monthly basis to corporate office in Geneva. Ensured report submission compliance.

Resolved over 70% of past due dispute receivables with local distributors, improving cash flow by $15 million.

Raised collection rate of past-due accounts accumulating for over 3 years to 85%.

Saved over $5 million by authorizing distributor to destroy slow-moving stock.

Improved inventory turnover by enforcing key inventory management best practices; improved outstanding sales 5%.

Minimized cost of funds by tracking credit limit movements and negotiating with customers. Resume

ALAA EDIN MOSTAFA ELGHOR Page 3 (C) 012*-******* ac5q9e@r.postjobfree.com INTERNATIONAL BUSINESS ASSOCIATE (IBA), Cairo, Egypt 1998-2000 Financial Controller:

Directed and coordinated all business and financial operations of Federal Express activities, Cairo Today, Business Today, and PC World magazines. Lead effectively all process of transferring funds worldwide, as a sole agent of Western Union International agency. Managed all business unit' cash flows and annual budget preparation for all activities of the company. Sound negotiations with banks had been done to secure facility leases and purchases. Designed and modernized all financial reporting processes and forms.

Developed robust database of financial analysis for all IBA activities.

Improved efficiency 75% by streamlining company profit scheme toward 2 major business units rather than 3.

Collected over 90% of total FedEx receivables.

NOTE: Additional experience includes:

- CFO / Group Internal Controller at Artoc Group for Investment & Development 1994-1998, Cairo, Egypt

- Assistant Audit Manager at Price Waterhouse (PWC) 1988 – 1994,Egypt, KSA & Kuwait Details upon request

EDUCATION

Master of Business Administration in Strategic Management Nixon University, California, United States

Bachelor of Commerce: Accounting

University of Cairo Faculty of Commerce, Cairo, Egypt CERTIFICATIONS & QUALIFICATIONS

Certified Financial Consultant (CFC): License #18107, Institute of Financial Consultants Canada Modern Accounting Certificate: American University in Cairo, Egypt Certified Pricing Evaluator & Legal Liquidator: Ministry of Finance Egypt Egyptian Chartered Accountant (ECA): License #9190 Egypt PROFFESSIONAL DEVELOPMENT

Leadership & Management Skills: AB Associates Management Consultants Corporate Finance Course: RITI Regional IT Institution Project Management Training: RITI Regional IT Institution Euro-Money Training EMEA

International Financial Reporting Standards: IFRS

Unlimited Communication Skills: CHEOP

PROFESSIONAL AFFILIATIONS

Institute of Financial Consultants (IFC)

Project Management Institution (PMI)

Institute of Management Accountants (IMA)

Egyptian Society of Taxation (ESOT)

Egypt Syndicate of Commerce

TECHNICAL SKILLS

Oracle E-Business Suite CRM JD Edwards BPCS Audit Software Applications Hyperion



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