HESHAM FAHMY, CMA, CertIFR, FP&A
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Accounting & Finance: Strategic Planning, Budgeting, Analysis, and Management Versatile and experienced professional with broad based expertise and specialized in financial planning, reporting and analysis of over 18 years in all accounting operations, from bookkeeping to preparation and interpretation of financial statements across diverse portfolio of experience, including FMCG, manufacturing, real estate, retail, and healthcare. Accomplished and dynamic leader with consistent recognition for effective and timely reporting of financial information to facilitate decision making and implementation of profitable solutions to propel company growth. Possess working knowledge of the principles and techniques for monitoring sensitive information, management, and reporting of financial statements, budget forecasts, and periodic comparisons. Outstanding analytical, oral and written communication skills in effectively interacting with senior management and all levels of the company. Proactive with excellent problem-solving skills, experienced in working with different personalities including clients and vendors as well as working on own initiative. Proven expertise in:
• Budgeting and Forecasting • Variance Analysis & Reporting • Process Improvement
• Financial Statements & Reporting • ERP, SAP, MS Excel Applications • Problem Resolution
• Accounting Management • Financial Planning & Modelling • Interpersonal Communication
• Financial Analysis • Cost Reduction & Avoidance • Team Leadership & Development Selected Accomplishments:
Strategically devised a fully integrated budget model to collect more than 66,000 of bad debts (85% of total debts).
Reduced operating cash flow by more than KD 72,000 annually through application of valid legal tax techniques.
Developed collection patterns using MS Excel to reduce average collection period from 48 to less than 25 days.
Successfully transformed financial data from a focus system to the SAP Business One with a 100% accuracy rate.
Consulted financial controllers to leverage the firm’s competitive advantage and devise special purpose entity.
Collaborated with management to reposition international relations: successful repositions the company by re-arranging the process of document cycle across multiple departments. Achieved deadlines for year-end closing. PROFESSIONAL EXPERIENCE
SIDRA HOSPITAL, Kuwait
Finance Manager: Controlling, Reporting & Financial Planning and Analysis 2018 to Present Play a key role in strategic planning, technical accounting issues, coordination of stakeholders, drafting of white papers, and the updating of business’s accounting policies. Perform research on technical accounting issues and educate subordinates to ensure compliance with both external and internal finance/accounting regulations. Instrumental in periodic reporting of all relevant financial information to the CEO for control and accountability. Ensure period reporting of pharmacy sales, projected cash flows, periodic revenues and expenses statements, monthly cheques movements, and periodic cash management. Perform the capital budget technique for any new assets acquisition.
Prepared annual budget, sought approval of top management, reviewed yearly audit report, conducted full analysis of audit report by comparing with previous periods, and explained the results and corrective actions to management.
Diligently analyzed revenues, expenses, and cost trends for each strategic business unit to compare actual data with budgeted amounts and highlight significant deviations.
Provided inputs for selecting the new ERP system by attending all vendors’ sessions and wrote RFP (request for proposal) to a selection of best vendors with the best solution.
Consistently ensured compliance of all financial reporting and analyses with relevant authoritative accounting policies.
Documented policies that ensure internal control and using organization resources in optimal, efficient and effective way.
AL-SAYER GROUP, Kuwait
Financial Analyst & Credit Manager: Budgeting, Analysis & Credit Management 2015 to 2018 Held a track record of success reporting and corresponding with senior stakeholders to improve processes and increase performance, team morale, and revenue. Analyzed operating cycles, financial leverage, capital structure, liquidity, and solvency on a regular basis to achieve short- and long-term goals and develop plans to reduce operating cycle. Observed variances to initiate corrective actions through implementing financial models to track key financial metrics for the entire organization. Produced timely, accurate financial reporting and analysis of the division’s performance against historical metrics. Reported contribution margin income statements to monitor margin of safety and analyze profitability. HESHAM FAHMY • Page 2
Successfully collaborated with teams to analyze value chain activities, highlight non-value add once, and assess/manage operational and financials budgets.
Developed custom balanced credit procedures that matched organizational policy with customer retention.
Analyzed customer's creditworthiness by calculating age per invoice compared to payment term, turnover, average collection period, collections %, and credit limit.
Ranked customers risk level and reported bad debt cases for immediate action.
Analyzed customer profitability and presented plans to improve customers’ sales by suggested promotional schemes. BEYOUT INVESTMENT GROUP – BIG HOLDING, Kuwait
Financial Analyst: Financial Planning and Analysis 2013 to 2015 Independently issued vertical common-size financial statements and applied horizontal analysis, liquidity analysis, capital structure analysis, and profitability analysis to leverage projects. Regularly calculated growth rate of individual line items, comparing to base year to recognize profit and loss. Analyzed ranking profit centers and investment centers based on periodic calculations of operating income, rate of return, and DuPont model analysis. Applied various modules on SAP Business One (e.g. AP, AR, GL, BP, banking, P&L, and B.S.) per policies and procedures. Provided financial statement reports to BIG per deadlines for consolidation purposes.
Monitored accurate incoming and outgoing payments along with timely booking for over KD 1 million in cash turnover.
Coordinated process improvement enactment with senior management through expert oral communication. DIA BEHBEHANI GROUP – ALBA REAL ESTATE KSCC, Kuwait Senior Accountant: Planning and Analysis 2008 to 2013 Prepared and reported financial statements, aging schedules, and cash flow projections to assist senior management in implementing capital budget techniques. Contributed in preparing annual budgets, complying with implementation procedures, and preparing periodic budget reports for head managers. Defined appropriate budget levels to achieve organizational objectives. Input and oversaw sensitive data while remaining flexible and enthusiastic to overcome language barriers.
Applied problem solving and critical thinking skills while analyzing revenue and expenditure trends to report recommendations to senior management.
Evaluated buildings investments based on accounting rate of return, payback period, discounted payback, cash flow, and profitability index.
COCA COLA INTERNATIONAL, Kuwait
General Accountant: Multiple accounting functions 2003 to 2007 Oversaw a huge volume of daily sales transactions, calculated product cost for process costing system, and followed up on customer balances and credit limits. Analyzed and supervised inventory and cash management, reporting directly to the finance manager. Recorded, monitored, and controlled raw materials inventories: Multitasked to meet turnaround times. Recorded monthly cost of good and product delivery.
Calculated monthly product cost of materials, determined cost per unit, and journalized intra-bank accounts transactions, L/C's, purchase foreign currencies, and monthly bank reconciliation.
Monitored bills to customers, credit limits and collections in addition to administering general journal for all balances with the general ledger.
Financial Accountant, Full Accounting Cycle AL-SAYEER FOODSTAFF CO, Kuwait Accountant, Bookkeeping LANDSCAPING AND GUARDING MAINTENANCE, Kuwait Junior Accountant, Bookkeeping RED SEA CLUB CO - HOTEL CATRING, Egypt EDUCATION AND PROFESSIONAL DEVELOPMENT
Certified Advanced Financial Modeling, London School of Business & Finance (LSBF) UK (2019) Certificate in International Financial Reporting (CertIFR), Association of Chartered Certified Accountants (2019) Certified Management Accountant, CMA, The Institute of Certified Management Accountants (ICMA) USA (2014) Bachelor of commerce: Accountancy, Zagazig University (2001) Advanced Excel Formulas & Charts, Advanced Excel Data Analysis, Macros, & VBA, MyExcelOnline (2019) CPEs: FP&A: Strategic Budgeting. FP&A Series: Forecasting Techniques. The Ultimate Excel Power Query & Data Clearance Course; Extreme Pivot-Table Course; Analysis of a Financial Model- MS Excel; Building Models Around Full Integrated Budget Using MS Excel; Business Valuation Modeling Using Excel