Maged Ali

+2-011******** - Egypt

adg21l@r.postjobfree.com

Highlights

I’m a professional finance expert with excellent interpersonal skills. Over twenty years of international work experience and exposure to well-diversified industries encompasses Global Retail, Fast Moving Consumer Goods, Constructions, Audit firms with multinational organizations across Middle East, Africa and Gulf Area. Professional experience with KPMG, working in the internal controls and internal audit. Working with multinational companies

(British American Tobacco- BAT) & KOUT Food Group in some of the largest brands in the world including Rothmans, KENT, Dunhill, Pizza Hut, Burger King, Applebees. My core strengths lie in:

• Strategic planning

• Financial and Management Accounting

• Excellent multi-tasking, prioritizing, team management, and project management skills

• Treasury Functions

• Applying fiscal controls, policies and procedures

• ERP Implementations

Strong analytical, interpersonal and communication skills, Experience of directly working with senior management and various regulators

Coordinates, directs, and leads the preparation of annual and Strategic business plans, Capital budget, financial forecasts and conduct periodic audits This also includes furnishing local internal reports to be more useful and efficient for decision maker.

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BUSINESS EXPERIENCE

Financial Manager Jan 2020 – Present

El Nasr Group

Assists the Chairman in devising and implementing Company’s Strategic Plan as well as planning, organizing, staffing, coordinating and controlling the areas of Regulatory and Management Reporting, System’s Account, Financial Accounting, & Expense Payments.

• Collaborates with concerned parties towards setting Division long and short term goals ensuring compliance, Cascades down Divisional strategy to employees ensuring individual alignment with Divisional goals, operations objectives, and quality standards

•Collaborates with Executive Leadership towards estimating annual Divisional Budget, ensuring compliance with approved Budget, reviews all financial reports to determine, cost reduction, focus area and process improvement for the attention of Executive Management

•Develops the process and procedures for the implementation of the company’s Strategic Plan, working with various cross functional teams in order to identify, evaluate, and analyse evolving strategic priorities

•Reviews Ad hoc/periodic reports based on the company’s strategic business needs

•Develops, create and document the methodology for monitoring the evolving impact of the company’s operations and ensure timely submission of regulatory reports to concerned authorities.

•Oversees the implementation of all procedures that support budgetary control, new control concepts used to evaluate the performance and profitability

•Coordinates with external Auditors, banks and all regulators.

•Ad hoc projects to support Executive Management's decision

•Develops and maintains relationships with all stakeholders,

•Oversees and reviews all collected, stored and maintained documents ensuring consistency and accuracy

•Formulates and periodically assesses and reviews company policies and procedures to ensure compliance with rules and regulations.

•Reviews and proposes enhancements to existing cross-Divisional workflows to maximize work efficiency Financial & Management Consultant Jan 2019 – Dec 2019 Terrapin Consultants

Financial Accounting, Management Accounting, Financial Planning & Analysis, Strategic Planning, debt structures, valuations, and investments

• Collaborate with the Executive Director on developing company financial strategic goals and objectives and representing the finance function with board members and partners

• Financial Planning and Analysis

• Short and Long Terms Cash Flow Forecast

• Produce financial management consultation to top management to improve budgetary oversight

• Assist in development of funding opportunities and diversifying the sources of income

• Develop and ensure compliance of organizational policies, procedures, and internal control

• Compile consolidated financial and management reporting

• Set information systems short and long term plans and objective (Overview staff responsible for administration, planning and execution of IT functions including: analysing organizational needs, recommending solutions, maintaining and enforcing technology and telecommunications processes, systems design, modifications or trouble shooting) Al Muzaini Exchange CO., Kuwait March 2011 – Aug 2018 AGM Finance & Operations – (Management Committee Member) Responsible for all financial aspects of the business strategy and for the flow of accurate financial information to main board and appropriate external parties. Maintaining the drive and performance of the business at every level to achieve the aspirations of the company. Working alongside and very closely with the chief Executive to lead the organization. Responsible for financial leadership and general administration of Company operations, review company market share, ensure keeping a healthy business growth. Deal with the marketing agency to assist operations to achieve company plan. Ensure that company is complying with Central Bank of Kuwait (CBK) requirements & regulations. Dealing / communicating with CBK for all aspects. Representing the company at CBK workshops / meetings. Achievements & Role:

Duplicate the company profitability year over year through developing financial strategy that delivers for the business and to ensure its successful execution through overall leadership and control of the finance function.

Increase shareholders Capital ( Duple capital over 6 years) through the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans and business drivers.

Reviewing the company performance periodically with board of directors and head of departments, profitable growth and general improvement of the health of the business

Provide strong leadership for the finance function. Providing direction and guidance to members of the finance team ensuring high levels of motivation and personal development

Ensure complying with CBK procedures & regulations & with existing internal controls

Drive continuous improvement in the quality and efficiency of the company’s procedures including financial, operational, administrative, IT etc.

Manage the company’s insurance policies and related risk management requirements

Setting the company KPI’s & Managers KPI’s

Negotiating major commercial contracts

Reviewing financial studies on new openings / opportunities and Disposals of financial assets

Evaluates / reviews individual branch performance. Establishes measures of performance and plans for variances

Evaluates key management on the execution of programs and provides direction as needed

Implementation / develop the Incentive scheme for the staff in operations

Liaise/ coordinate with Western Union for all the projects and opportunities

Review all formal finance and IT related procedures, processes, and administration, recommending improvements to the systems in place and managing the systems going forward.

Implementing a new ERP software for the front and back end with Microsoft Global Logistics Services & Warehousing Co., Kuwait March 2009 – March 2011 Financial Controller

Providing both Strategic and Operational support to the organization through supervising the finance department at the group head office and within each business unit (8 subsidiaries in GCC). Liaise with each Business Unit Head on formulating financial strategies; develop business plans and feasibility studies, monitor the business performance and analyse it to ensure that we are on line with company targets. Forecasting needs and the securing of new funding Achievements & Role:

Lead the preparation and accumulation of the financial budgets in line with business plan. Monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalised upon. Keeping a tight control on project spending and asking about the reasons for variances and suggesting remedial measures.

CFO (German and Kuwaiti JV) of one of the projects in UM Qasser in Iraq (berth in Iraq) with a budget of XX Million USD

Foulation and implementation of Financial and Accounting Policies framework & ensure that it is in line with overall business strategies

Leadership: Setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal. Provide career direction, progression and coaching to finance staff in the business. Identifies & develops high potential employees for succession planning.

Provide advice to the Executive Management Team, concerning the short term and long-term capital structuring of the business. Managing business growth by being responsible for P&L and positive cash flows for the business in local and international markets

Develop a cost control and compliance functions with budgets resulting in targeted cost reduction. Risk assessment and Resource optimization in line with Business Plans, Budgets, and Monthly Financial results. Monitoring of Business Performance. Review of legal contracts. Establishing pricing strategies

Create and implement appropriate financial controls, systems, and processes, internally and externally to have an effective financial controls environment.

Relationships – Maintain and develop excellent working relationship with the internal and external parties.

• Co-operate with external auditors to successfully perform the annual statutory audit

• Work in close coordination with IT department for the selection and implementation of ERP system (ORACLE), ensure timely data entry and data integrity, and realization of checks & balances through aggressive monitoring of financial report

Kout Food Group, Kuwait June 2006 – February 2009

AVP Finance

Has overall control and responsibility for all financial aspects of company strategy and is expected to analyze figures and implement recommendations based on these findings, with the most profitable outcomes. Often managing and leading a team through difficult periods including month end, year end and annual budgeting. Achievements & Role:

Ensure compliance with local reporting requirements and the International Accounting Standards

Provide leadership to the Board's Finance and Accounting strategy, to optimize the company’s financial performance and strategic position

Managing the strategic plans / annual operating plans & financial planning Process, provide financial expertise to the other departments to drive the completion of balanced and achievable plans

Monthly and Quarterly statutory and statistical submissions provide periodical business review and conduct ad hoc financial analysis required to solve issues that can have a high impact on the organization's ability to drive profits.

Implementation and maintenance of the company policies and procedures, and controls

Provide management, shareholders and external auditors with a transparent view of the current and future profitability and funding needs

Analyse financial statements to pinpoint potential weak areas & propose the necessary actions.

Discuss and negotiate financial requirement with credit institutions in coordination with executive management

Preparation of the financial modules for cash flows and financial studies

Providing marketing evaluation for pre post marketing activities on timely manner.

Effectively manage the Company’s costing system to identify direct material yields/wastage, cost overruns and actively identify opportunities to reduce production costs

Develop detailed monthly reports for VC, BOD and Executive Committee. Analyse main cost drivers and variances, and review for potential cost optimization or reduction. Financials and reports on a monthly basis.

Set-up annual objectives for the Costing Manager Continue to develop the talents and abilities of direct reports and other subordinates and ensure agreed development plans, and training are complied with

ERP Implementations (SAP).

Managing a team of 32 employees and a budget of over XXX Million USD British American Tobacco-Med Red (Egypt, Libya, Sudan) October 2000 – May 2006

Financial Accounting Manager

Responsible for organising, control, and consolidate the company’s financial and accounting records; prepare consolidated statements and analyse variances. Participating in the start-up of the company & preparation of the company policies & procedures. Achievements & Role:

Manage and review the preparation and process of monthly payroll and the adherence for compliance of procedures applied to local staff and expatriates staff in accordance to local and regional polices

Watch closely all financial targets. Monitor working capital requirements. Review with SC all inventory coverage and replenishments limit (MRP). Come-up with action plan to decrease inventory levels gradually.

Managing the Company’s costing system to identify direct material yields/wastage, cost overruns and actively identify opportunities to reduce production costs in coordination with Operation Finance.

Co-operate with external auditors to successfully perform the annual statutory audit; review and approve annual tax return

The preparation of Short and Long Terms Cash Flow Forecast

Maintain strong relationships with banks, auditors, tax inspectors

The preparation of quarterly financial and management reporting & post it on HFM (Hyperion)

Implementation and maintenance of the company policies and procedures, and controls for the cost efficient purchase of materials and services

Managing a team of 22 employees and a budget of over XXX Million USD TELETEC GLOBAL CONTRACTORS, USA, EGYPT

Financial Manager

July 1998 – September 2000

Key role in the formulation of strategic plans for the unit to ensure growth meets key targets

Timely and meaningful weekly, monthly, quarterly, annual financial reporting & financial analysis in the level of detail required by each internal and external user

Effective cash flow management. Focus areas will include: capital efficiency management (working capital minimization and control; capex financial control management; capital employed barometers and strategies

Ensuring effective compliance with policies and procedures & country regulations

Ensure timely implementation of all financial transactions within the respective project and maintain high levels of financial control.

Effectively manage the Company’s costing system to identify direct & indirect cost& opportunities to reduce construction costs

Report any variances per project with regards to budget (BOQ) and the actual results to the GM to ensure the achievement of the project financial goals.

Oversee all purchasing and payroll activity for staff and participants.

Develop and maintain systems of internal controls to safeguard financial assets of the organization KPMG Hazem Hassan, Egypt

February 1992 – June 1998

Audit Manager

Responsible for auditing the companies in order to issue accurate Financial statements according to IAS. Achievements to date:

Performing audit fieldwork on Financial Statements components

Banks (Central Bank of Egypt, Bank Du Caire, Egyptian Gulf Bank, Misr America Bank,…)

Manufacturing companies (ABB group, Bavaria, Arab Association of Manufacturing,…)

Trading companies (KIA Motors, MM, ..)

Insurance (Misr Insurance, )

Performing internal control Memorandums

Performing internal audit Memorandums

EDUCATION

1994-1995 Ain Shams University, Cairo, Egypt

Auditing & Taxation Diploma

1986-1990 Ain Shams University, Cairo, Egypt

BA of Commerce, accounting section

PROFESSIONAL DEVELOPMENT

1995 Chartered Accountant – Ministry of Finance

1998 Arab Federation of Accountants& Auditors “Member” 1998 Egyptian Society of Taxation “Member”

1998 Egyptian Society of Accountants & Auditors “Fellow” 2013 Completion of CMA review course – Kuwait

2013 International Who’s who of Professionals- Washington, Member 2015 The Kuwaiti Association of Accountants & Auditors ‘Member’ TRAINING COURCES

Varity Accounting& Auditing Subjects – KPMG

Evaluation of internal control system – KPMG

Midas Training - BATE

FFFM – Finance for finance Managers – BAT South Africa

HFM - Hyperion financial Management – BAT Kenya

Leadership – BATE

Assessment Center training - BATE

CFO Conference – YUM College – Turkey

AML & CTF – RSM, KUWAIT

COMPUTER SKILLS

Enterprise Resources Planning (ERP) application (SAP / Oracle/ Tetra CS3 & Micros), SAP – Implementation in BAT

– Egypt & in KFG – Kuwait

Hyperion financial software application for consolidation and reporting

Business Intelligent Tools – Cognos

Microsoft Office (excel, win-word, power-point)

ADDITIONAL INFORMATION

LANGUAGES English, Arabic

PERSONAL Egyptian; Married

INTERESTS Sports

ADDRESS 5th settlement, South Academy (Z)

REFERENCES Available upon request

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