Executive Finance, qualified CPA & CMA, *8 years’ experience in different industries (Manufacturing, construction, international trading, contracting, and public accounting) Experience includes working for privately-held and publicly traded corporations ranging in size from less than $100 million to $5 billion revenue, US GAAP, IFRS, international experience with a wide range of diverse nationalities and cultures, multiple plants and subsidiaries in different countries environment, consolidation and foreign currency translation, managed a group exist in a region of 21 countries EMEA, and currently with Structure Tone manage operations in USA, UK, Ireland and Canada, ERP implementation (Orion, MS AX Dynamics and One Stream) extensive business restructuring & turnaround, leading roles along with a strong curriculum in building partnerships thru M&A or joint ventures, IPO preparation experience and startup companies as well.
Areas of strength
Strategic Financial Planning General and Cost Accounting Retail and POS
Capital and operations Budgeting US & international taxes experience Cash Management
ERP implementation Consolidation, GAAP & IFRS SOX Compliance
Banking relationship Internal/External Audit Mergers and Acquisitions
Financial Reporting & Analysis Accounting Policy & Procedures JV & IPO
StructureTone Construction Co.
Director of Accounting and Financial reporting Mar. 2017-till Present
The group H/Q in NYC exist across US from coast to coast, besides, Canada, UK and Ireland, with annual revenue over $5 Billion.
Working in H/Q reporting to the group CFO, managing the group accounting records with the subsidiaries’ CFOs, WIP and backlog monthly review and reconciliation, review accruals and provisions, financial statements consolidation for the group, which entails foreign currency translation, monthly, quarterly and annual closing, quarterly reviews and yearend audit, dealing with external parties’ auditors, insurance and financial institutions reporting requirements to fulfill the reporting requirements, Swap agreements, monitoring and managing the corporate investments. As the group expanding rapidly, I am sharing in due diligence process, valuation and integration for new acquired company in the group consolidation structure, and purchase price accounting.
A&S Financial Services Financial Services & public accounting Company
Director Oct. 2012 – till Feb. 2017
A&S providing public accounting, consulting services, establish companies’ C & S corp. LLC, partnership, feasibility studies, review, compilation, book keeping, companies restructure, policies, procedures, processes, cash flow management, projects financing proposals, sales tax filing and payments, payroll management for our clients and tax filing.
Review book keeping on Quick books and ensure completeness and accuracy.
Retail and POS systems review for our clients.
Review monthly payroll for our clients, sales tax payments and filing.
Lead audit, compliance and review assignments.
Prepare and review feasibility studies ROI, IRR and NPV cash flow for new projects.
Prepare and review policies, procedures and processes for our clients.
Negotiation with financial institutions on behalf of our clients for new projects or to finance expansion.
Organizations restructure, KPIs and job description.
Prepare and review tax filing for companies and individuals on CCH.
Redco Group Construction, MFG & Industrial Conglomerate group
Group CFO May 2010- Aug. 2012
Diversified group of eight companies with annual revenue of $1.3 Billion, companies’ business activities (construction, manufacturing, ready-mix, electro mechanical, maintenance, procurement, retail, interior design and fit out.
Defined functional strategy for the Finance function in line with the Group business strategy.
Developed financial accounting, reporting standards and policies for the group.
Approved and coordinated changes and improvements in automated financial and management information systems.
Established and maintained appropriate internal control to safeguard group assets.
Developed and directed the implementation of strategic business plans.
Managed the organizations budgeting, forecasting and monitoring processes.
Managed the Company's banking relationships to ensure cash flow needs are adequately provided.
Monthly FS package and analysis along with the consolidation.
Develop controls and review the processes for retail and company showrooms.
Madar Building Material Manufacturing / Trading Regional Co.
Chief Financial Officer Dec. 2007- April 2010
Industrial manufacturing and trading Co for building materials, with annual revenue of $330 Millions, the Co. owned two factories (steel cut & bend and bricks), along with showrooms for retail. Madar is a member of Al Fozan group.
Developed appropriate costing system and ABC (activity base costing) for each process.
Developed credit policy and appropriate control for credit facility.
Evaluated existing risk and internal control framework.
Developed accounting policies and procedures.
Cash flow management and negotiated bank facilities agreements.
Coordinated interim and year end audits with the external auditors.
Torishima Trading / Manufacturing Multinational Company
Regional Finance Director Oct. 2002 – Oct. 2007
In charge of the EMEA region annual revenue of $500 Millions in the field of manufacturing, trading of pumps, valves, oilfield equipments and instrumentations, dealing directly as a contractor for the mega projects as supply and apply contractor.
Preparation of consolidated financial statements, monthly and quarterly reporting to H/Q.
Cash flow management and negotiated bank facilities agreements.
Developing key performance measures for each business unit.
Ensure business units have adequate management controls in place.
Operational, financial and compliance reviews for the branches.
Kangs World Trading / manufacturing Co Financial Controller Oct. 2000 – Sept. 2002
Al-Abdulkarim Trading / manufacturing Co. Chief Accountant Aug. 1995 – Aug. 2000
Care Impex, Co. Trading Co. Accountant Aug. 1991 - Jul. 1995
Business Growth – Successfully negotiated $300 million bank facilities for different projects, besides $40 million credit line.
Cost Cutting – Achieved significant annual savings in financing fees, (. e.g. cutting down interest rate from 7.25% to 4.75%) also a great experience in cost cutting of SG&A and operating costs.
Improved Cash Flow – Introduced a new project cash flow approach and balanced the cash flow cycle which reduced the DSO and enhanced the life business cycle, along with experience in fund raising.
Tax Expertise – US &International tax expertise, settle tax for subsidiaries in different countries, and achieved tax benefits.
Leadership – Built and restructured accounting departments, hiring and training staff (experienced in leading a big team remotely in a group located in 21 countries).
Information Technology – Implemented ERP systems (MS AX Dynamics, Orion 10) streamline departmental operations and turn business data into strategic intelligence information, in a conglomerate group with different business activities.
Business Restructure– Restructured group of companies to achieve more efficient operation and return, also restructured during the recession to cut down cost.
Strategic Planning – Developed and implemented a strategic plan for growth and achieved an expansion in market share.
Policies & procedures – Developed policies, procedures and processes for different business activities, in complex environment.
Finance modeling & Budgeting – Expertise in developing financial models and budgeting for big groups along with MYF (midyear forecast), project budgeting per activity per phase to get complete details for each project variances.
FS consolidation – consolidation experience between subsidiaries in different countries with H/Q with different currencies (FX translation) and different accounting principles (GAAP, IFRS &local standards).
M&A and JV – experience in M&A along with integration of the new company within the group policies, procedures, processes.
IPO Expertise –Experience in changing management environment and preparing company for IPO.
SOX compliance – Experience in SOX compliance.
Education and Certifications
B.S. Accounting - Ain Shams University 1987-1991
CPA, NOV. 2001 state of California (91% pass mark)
Windows XP, Excel, Word, PowerPoint, MS AX Dynamics, Quick Books, Orion, CCH, CMIC and Hyperion.