CFO

Executive Profile

Nasser H. El-Dessouky CA – MBA

CFO

Tel : +971-**-***-****

Email : ***********@*****.***

A dedicated and dynamic professional CFO combining strong business acumen with 20+ year experience in senior finance, accounting, auditing and administration management roles. Attentive to detail with a logical and analytical approach to solving complex problems and issues. Able to demonstrate an excellent knowledge of accounting & finance regulations with the proven ability to ensure full compliance therewith while also highly proficient in internal audit and business processes. Possesses excellent interpersonal, communication and negotiation skills, the ability to influence business critical decisions and to formulate positive internal and external relationships. Widely regarded as a strong, supportive and transformational leader who thrives in highly pressurised and challenging working environments doing the right things.

Objective

Currently seeking a new and suitably challenging opportunity in the field of finance, one which will fully utilise the extensive skills and experience gained in the workplace.

Skills and Qualifications

Skills

Finance, Accounting, Auditing, Risk Management, Budgeting & forecasting Management Control, Cash Flow Management, Assets & Investment Management, Strategic Development, Project Management, Resource Management, Change Management, Administration Management, Technical Planning, Business Process Optimisation, New System Implementation, Consolidations, Procurement, Inventory Management, Treasury, Real Estate, Leadership & Management.

Accountable for a budget over $ 300 Million a year

Large scale team management

Internal and External audit experience

Big 4 Experience applying IFRS, IPSAS and American GAAP

Varied industry experience including Manufacturing, FMCG, Trading, Construction, Hospitality, Insurance, Real Estate, Government

Arabic, English (Fluent)

Microsoft Office, ERP (Oracle financial) - Hyperion

Professional Qualifications & Certifications

Degrees

MBA

B.Com

Certification

Master of Business Administration – Chifley business school – Australia (April 2014)

Bachelor of commerce – Major in Accounting, Cairo University (1988)

CA

Memberships &

Fellowships

Certified Chartered Accountant (1996)

Fellow of the Egyptian Society of Accountants & Auditors - 1966

Fellow of the Egyptian Fiscal Association - 1996

Career History

GROUP CFO

A.Dhabi Vocational Education and Training Institute (ADVETI GROUP)

Abu Dhabi vocational education and training institute (ADVETI) has 7 entities for higher education and 17 schools: Al Jazirah institute of science and technology (A.D), Al Jaheli institute of science and technology (Al Ain), Baynounah institute of science and technology (w.region), Al Reef institute of logistics and applied technology & vocational eduvation development centre (Shaham), Sharjah institute of sience and technology (Sharjah), Secondary technical schools are located in all emirates.

Playing a challenging roll to enhance the finance function of the group and demonstrate track record of providing resources and systems to support finance team in rapid growth and around situations. Providing my expertise in driving efficiency and productivity through evaluation of financial management systems and implementation of process improvements. Directing and enhancing the finance team to support achievement of overall corporate goals and objectives

Major achievements include;

Establishing new finance policies and procedures for the group

Creating long term and short term strategic Financial planning for the finance division

Establishing KPIs to measure the performance of the finance division

Establishing a reliable costing system to reflect the most accurate (Cost per student)

Leading the implementation of the new ERP system (Oracle financial)

Establishing tactical criteria to maximize the revenue and reduce the cost

Providing indoor training for the finance team to enhance the technicality of the finance team

Head of Audit

Abu Dhabi Western Region Municipality (WRM)

Playing a pivotal role as Head of Audit with accountability for the leadership and strategic development of the audit function. Devising the annual risk-based audit plan from inception to implementation in addition to directing the performance of internal audit assignments. Recruiting, leading and developing the internal audit team to achieve challenging targets and objectives. Reporting directly to the Audit Committee and senior management on performance. Ensuring compliance with all internal policies and procedures, best practice, legal and regulatory guidelines.

Major achievements include;

Representing the internal audit division at audit committee, management and external meetings

Diversifying auditing techniques to enable robust risk management including integrated VS unit, continuous VS random and risk based audits

Personally selected to lead on the planning and execution of other discretionary projects pre-approved by the audit committee

Proactively keeping abreast of general business and economic developments, new pronouncements and standards to gain an understanding of their links and impacts on the Municipality

Head of Finance

Abu Dhabi Western Region Municipality (WRM)

Dynamic and multifaceted role with responsibility for leading the finance and accountancy functions along with delivering effective resource management, technology planning, business process optimisation and team management. Creating and implementing innovative strategies to enable enhanced financial and operational performance whilst regularly reporting to senior management on divisional performance. Overseeing and coordinating accountancy and finance activities including budget management, cash flow, investment and assets management, payroll, purchase ledger, financial statement production and auditing activities.

Major achievements include;

Successfully set up and established the accounting and finance division of 26 employees

Positioned WRM as the leading municipality in Abu Dhabi applying accrual basis in 2007

Devised and implemented robust internal systems, policies and procedures which improved team performance, mitigated risk and enabled the safeguarding of financial assets

Effectively managed the evaluation of capital projects and reports on Total Cost, ROI, NPV, IRR and Payback Period as well as variances for all sector projects undertaken by WRM

Providing high impact cost efficiency recommendations following analysis and review of operating costs and budget variance

Head of Finance

Municipality & Planning Department, Ajman

Accountable as Head of Finance across four business sections; Accounting and Budgeting, Procurement and Inventories, Treasury and Cash Management and Real Estate. Managing and overseeing all financial and administrative affairs including responsibility for a team of 28 employees. Undertaking strategic planning and development across all business sections together with effective financial control and management. Ensuring all tenders, contracts and LPO's are prepared in accordance with organisation policy.

Major achievements include;

Introduced a new computerised accounting system to convert from a cash basis to an accruals basis applying IFRS, providing training to the team of Accountants and supervising the system implementation

Created new monthly financial statements using accruals for senior management; previously only produced on an annual basis

Implemented a range of cost saving initiatives which had a positive impact on the company's bottom line

Developed a strong and cohesive workforce, from initial involvement in recruitment and selection through to supporting the team in professional development via training, appraisals and PDP's

Established an inventory system to enable greater stock management and control in addition to establishing a purchasing policy for the organisation and developing strong vendor relationships

Created a new system to accurately record real estate information, enabling greater control of revenues and outstanding debt

Accounting Manager

Pepsi Cola Dubai (DRC)

Managing and overseeing the financial affairs of the company including the preparation of financial statements, budget management and the development of a comprehensive and effective MIS. Supervising and motivating the finance team, comprising of 12 qualified accountants, to achieve business aims and objectives. Conducting analysis and review of financial information, drawing recommendations and providing feedback and solutions to the senior management team

Major achievements include;

Introduced a new computerised accounting system including supervision of software implementation

Established a robust costing system for all products produced by the company

Developed in implemented a new fixed assets register for the company

Earlier Work Experience

Internal Audit in Charge, Pepsi Cola D (1996-1998)

Audit Senior, Deloitte Touch Tohmatsu – Shawki & co (1992-1996)

Accountant, Nubaria Poultry Co. (1990-1991)

Additional Information

Some of Professional Training

International Modern Accounting

International Accounting Standards

Audit Approach – Deloitte touch

Cost Accounting

Auditor’s Reports

Plant, Property & Equipment Problems

Subsequent Events

Monthly fast closing

Treasury management

Assets and Investments management

Capital Budgeting

Sales Tax - Egypt

Budgeting & Budgeting Evaluation

Consolidations, Mergers & Acquisitions

IFRS versus IPSAS

Accounting for Construction Contracts

Senior Executive Finance

Other

Year of birth: 1966 Citizenship: Egyptian

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