Group Chief Finance Officer
Resume:
Moataz Mohamed Saber Zain
*********@*****.*** mailto:***********@*****.***
Group Chief Financial Officer (CFO)
CPA – Illinois University
Executive Synopsis
A seasoned C-suite finance and management professional, with a successful history of P&L leadership and commitment to propel revenue growth. Owning 3+ decades of record achievement in owning/ shaping finance vision and strategy whilst driving finance, accounting, budgeting, cost control principles & process optimization.
Financial champion provided best-in-class solutions encompassing controllership, decision support, business financial planning & analysis, planning & control across various sectors - Industrial companies, Real Estate, Automotive Hospitals, Hotels, Investments, Trading, Food and beverage in Egypt, Saudi Arabia, Dubai,Oman and Yemen.
Mastered Financial Transformation Projects, Due Diligence, Process Excellence and Internal Control initiatives to realize bottom-line results in the pursuit of business.
Known for delivering strategic value, effective change, robust financial stewardship, commercial insight and business intelligence thereby maximizing shareholder value.
Owning extensive experience in the healthcare sector as a CFO for HMS for 9 years - Garhoud Hospital – 57 rooms with 95 Beds, 35 internal clinics and 4 outside clinics.
Company Secretariat substantially enhanced the board’s potential to be the “real” driver of effective governance within the corporation. Driving best practices, improvements and innovation across the Co Sec function.
Notable Accomplishments Across the Career
Collated a report to the Board reflecting the excess cost in one of the Group Companies along with action to be taken to cut costs to the tune of $1.2 M.
Successfully handled challenging role - led Garhoud Private Hospital to be self-financed within one & half years from commencement of operations.
Played a key role in tripling the value of Garhoud Private Hospital in short period of 4 years.
Conferred with an Appreciation Letter from the Board of Directors In Galadari Brothers Group for investigating Forex Losses in 2008 and providing recommendations on remedial actions to avoid such issues again.
Provided valuable resilient leadership during the COVID-19 Era/ crisis by keeping all the Hotels across the Hawadik group in a very good financial position
Conducted the statutory Audit for a big Number for Multinational Companies during the work in KPMG (Egypt – Yemen)
Supervised and accomplished valuation for Bin Laden Group during the working years in Moore in Saudi Arabia
Core Competencies
Financial Stewardship
Finance Vision & Strategy
Financial Planning & Control
Corporate Governance
Company Secretarial Operations
Budgeting & Forecasting
Process Excellence
Internal Control
External Audit / Internal Audit
Fund & Cost Management
Due Diligence /Legal Affairs
Statutory Compliance
IFRS Expert
Portfolio Management
Management Reporting
Team Management
Charismatic Leadership
Professional Experience
Assistant General Manager – Finance & Accounting (Head of Finance) – Reporting to Managing Director November 2022 – Present
Saud Bahwan Group – Oman
Saud Bahwan Group is one of the nation’s largest corporate houses/ Automotive Companies. They include brands like Toyota, Lexus, Kia, Ford, Hino, Yokohama, Komatsu, Kato, Hertz and more. It is at the forefront of touching people’s lives through a range of market leaders across diverse businesses
Accomplishments:
Functioned as the analytical engine, proffering data-driven insights to support optimal financial business decision-making/long-term planning.
Responsibilities:
Heading the Finance Department. Providing financial direction, leadership, and oversight required to deliver excellent results and achieve all organizational goals. Reporting to the Managing Director.
Annual budgeting and planning process owner, providing expert advice to senior management to ensure that budgets are on target & 100% aligned with the strategic direction of the Group. Monitoring the Annual Budget to ensure that there is no gap between the Budget and actual results.
Generating monthly financial reports, key metric-driven analytical reports, and analyzing performance KPIs with internal and industry standards.
Strengthening internal controls across the group to eliminate revenue leakages, with a focus on revenue drivers.
Establishing proper control over the cash management and cash flow. Developed contingency plans to face unexpected surprises/ changes.
Heading the Credit Department for the entire group. Managing the receivable portfolio for the entire group with proper control of the collection. Recommending proper credit decisions, identifying risk in the credit request and suggesting mitigations, covenants and plans to minimize risk and improve credit quality.
Leading and inspiring the finance team to deliver innovative and effective financial services and operations, with full accountability for budgeting, accounting, financial planning and performance.
Group CFO March 2020 - November 2022
Hawadik Group - Cairo
Accomplishments:
Shouldering onus for full entity/ Group performance with multiple division dimensions includes but not limited to financial reporting & analysis, tax, and government compliance, costing control, cash management, financial review, and risk assessment.
Much-admired for efficiently handling finance and management reporting for a robust group comprising of:
-Azur Hotels
-Egypt Hotels
-Gigtun for Tourism Projects
-Agriluxour for Agriculture Projects
-Exceed for Distribution & Hotel Supplies
-Service Paradise
-Spring Tours
Al Salam Hospital
Significantly contributed to making excellent achievements in Egypt hotels which led to propelling the sales.
Elected as a Board Member in Egypt Hotels Co., Exceed for Distribution & Hotel supplies as well as Agroluxor Company.
Responsibilities:
Led the Finance Department in all the group companies across diverse sectors - Hotels, Real Estate Development, Agriculture and Hospital.
Ownership of financial management, developing a controlled and stable financial environment that delivers accurate, timely, compliant reports & ensures the effectiveness of financial information and internal control environment.
Arranged monthly operation review meetings with BU leaders & BOD, following the implementation of agreed corrective actions mentioned in MOM.
Managed the Cash flow for the entire Group. Boosted financial performance and profitability by providing intelligence, reporting and analysis on revenue growth, gross profit margins, cumulative sales, budgets, strategy and spending.
Introduced stricter cost (CAPEX–OPEX) discipline to reduce operational cost thereby propelling profit & sales margin.
Superintended a dynamic team, mentored, coached and guided the Head of Departments to achieve group and subgroup finance KPIs and optimization targets.
Group CFO July 2010 - October 2019
HMS Al Garhoud Hospital – Al Mamzar Contracting – SD Global (the owner for Coffeol Brand)
HMS-Al Garhoud Hospital is one of the well-known Hospitals in Dubai. A member of Health & Medical Services commits itself to a courteous, distinctive and world-class service as it raises the curtains of this exceptional medical service center. Al Mamzar one of the well-known construction Companies in Dubai – SD Global is the owner for Coffeol Brand (Dubai – Oman – Romania).
Accomplishments:
Head-hunted to command the finance function for the Group
HMS Al Garhoud Hospital
Essayed a stellar role in formulating the company's future direction- under my leadership tripled the Hospital value within 3 years of operation and escalated the Hospital revenue from 38M Dirham in the first year of operation to 200M Dirham within five years of operations.
Entrusted to finalize finance deal to establish Midriff Hospital
Played a pivotal role in the establishment and commencing the work in Garhoud Private hospitals effectively led negotiations with vendors and secured banking facilities. Chief Negotiator registered savings of around 2.5 M Dirham for HMS Company through bank deals.
Partnered with Legal Consultant to maintain a memorandum of association for HMS and organizational structure & effectiveness. Identified key issues/legal risks and provided a structure & analytical response with commercial lens.
Leveraged lean management expertise to align operations, enhance productivity and rigorously improve processes whilst registering significant cost savings including 3M Dirham as a result of deals with medical suppliers.
Successfully implemented Mediware IT system for Al Garhoud Private Hospital, and its clinics (FIFA Medical Center, Shrouk Medical Center, Dx Bone, D3 policlink), led the transformation and improvement agenda, and orchestrated process improvement/ automation initiatives for sustainable growth.
SD Global
Instrumental in establishing the Holding company for SD Investments in Dubai with its subsidiaries. Established finance department and implementing reporting system/Microsoft Navigator IT System for SD Global.
Propelled business by expand the branches / footprint for Coffeol in Dubai
Nurtured relationship with Franchisee (Oman & Romania)
Al Mamzar Contracting
Monitored the Bill of Quantity for all the projects to enhanced control over the costs.
Successfully implemented Coral Real Soft IT System.
Responsibilities:
Established and executed annual procurement plans and budgets for the supply of machines for the hospital at the initial stage before the start of operation. Administering stewardship and control over expenditure as well as assets
Enforced good control over the outside clinics and their operation via the main office and consolidated their operation revenue with the Main hospital.
Established initial Budget for the Hospital and monitored financial performance v/s budget, anticipated costs/revenues, areas of unsatisfactory performance are identified & potential performance improvement opportunities are capitalized.
Supervising the consolidation of group accounts and preparation of financial statements/annual reports. And the preparation of MIS reports to provide feedback to top management on financial performance, fund management, credit control, profitability, and so on
Partnered with Statutory/ Internal Auditors for timely completion of audits & implementation of audit observations.
Group Internal Audit Manager September 2008 – April 2010
Galadari Brothers Company, Dubai, UAE
The Galadari Group has been leading the charge in driving transformation and innovation in an ever-changing world. It holds the laurel of introducing more than 30 global brands to the region. Its businesses span industry verticals, product segments and services, and spread across boundaries from the Gulf region to Asia and Australia.
Accomplishments:
Established annual Audit Plan to cover all the areas in the entire Group. Provided audit findings and recommendations during audit that were promptly communicated to management.
Conducted compliance audit based on the approved policy & procedures.
Handled risk assessment across all 3 levels: Low, Moderate and High Risk after considering results of audit procedures, analysis of management comments on internal audit observations, overall review of the accounting / operating controls exists in the companies and reviewing compliance of policies / procedures of the companies.
Accredited with Achievement Award in recognition of authoring Policies & Procedures manual.
Provided assurance to management and audit committee that corporate assets are safeguarded and that internal controls are in place and functioning, as intended and that the internal audit function has complete support in terms of resources and information. Reported to the Chairman and Board of Directors.
VP – Finance December 2007 – August 2008
Madain Properties, Dubai, UAE
Mada’in Properties PJSC aims to redefine the UAE real estate development landscape with unique, boutique properties that surpass all expectations in detail, design – and 5-star experiences.
Accomplishments:
Commanded/ Controlled the company’s finance function, ensured company financial systems are robust, and compliant & supported current activities & future growth. Reported to the CEO & Board of Directors
Assisted the CEO on the strategic vision including developing new business, identifying new funding opportunities fostering and cultivating stakeholder relationships on national levels, as well as assisting in the development and negotiation of contracts.
Internal Audit Director December 2005 – December 2007
The Department of Finance (DOF)– Dubai Government, UAE
DOF for the Government of Dubai was established to supervise all financial and accounting affairs of the Government of Dubai, in addition to issuing consolidated financial statements for the emirate's government.
Accomplishments:
Built up the audit universe, established scope of audit, audit plans, audit program and audit reports with recommendations & suggestions for improvement in internal control systems. Reported to the General Director.
Ensured to improve risk management, controls, and governance process through evaluation of significant exposures to risk and assessed the effectiveness of internal control for each activity for continuous improvement.
Previous Professional Experiences:
December 2001 – December 2005: Senior Audit Manager, Moore Stephans - Chartered Accountant, Jeddah, Saudi Arabia
April 1991 – December 2001: Audit Manager, KPMG - Chartered Accountant, Egypt
Education
CPA (Certified Public Accountant), University of Illinois, USA, 2000
CA, Egyptian Society of Accountants & Auditors, 1994
B.Com. (Accounting), Menofia University, 1989
Personal Information
Nationality: Egyptian
Date of Birth: 29th September 1968
Languages: Arabic, English and German
Dependent: Spouse and 3 children
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