Ahmed El-Hamahmy

Group Chief Financial Officer at Jumia

• Egypt - Cairo
• My current job since March 2022

• Responsible for Jumia Mall, Jumia Trade and Jumia Pay.
• Present financial results and provide meaningful analysis to the CEO and executive team.
• Manage team & monitor their performance to ensure compliance and accuracy
• Collaborate with other departments to drive financial efficiency and support strategic decision-making.
• Manage relationships with banks, financial institutions, and external stakeholders.
• Ensure compliance with financial regulations, accounting standards, and tax laws.
• Provide accurate and timely financial reports, including financial statements, budgets, and cash flow projections.
• Oversee the preparation of all financial reporting and ensuring its accuracy monthly, quarterly, and annually.
• Review and approve accounts reconciliations for all balance sheets accounts.

Financial Consultant at Copartners

• Egypt - Cairo
• August 2021 to February 2022

Financial Consultation retainers for multi companies.
Financial consultant for Odoo ERP

Financial Consultant at Edfa3ly

• Egypt - Cairo
• July 2020 to July 2021

Financial Lead for 3 markets(Egypt, USA and UAE).
Responsible for Edfa3ly and Yashry websites.
Helping the company to build proper Odoo ERP system and dashboards which represent excellent reporting structure for decision making.
Building and restructuring financial department and financial ledgers to meet Egyptian and international standards and laws.
Managing different company accounts onshore and off shore and protecting stockholders rights.
Building proper cost centers.
Helping the company for preparation for proper funding for the execution of the business plans.
Developing financial plans for solid funds and expectations.
Maintain and reconcile the tax files of the company for the previous years.

Group Chief Financial Officer at MEDAF Investements

• Egypt - Cairo
• July 2019 to June 2020

Building and restructuring financial department and financial ledgers to meet
Egyptian and international standards and laws.
Reporting to top management the financial vision that help for proper decisions
making and risk management decisions.
Building up internal audit community to ensure quality control over financial
transactions and financial reporting.
Managing different company accounts onshore and off shore and protecting
stockholders rights.
Helping the company to build proper Odoo ERP system and dashboards which
represent excellent reporting structure for decision making.
Board Member, Involved in Management Vision and strategy.

Regional Chief Financial Officer and Board Member at Awe Living Research

• Egypt - Cairo
• November 2015 to June 2019

Chief Financial Officer at Rocket Internet(Jumia-HelloFood & Easy Taxi)

• Egypt - Cairo
• September 2013 to September 2015

Rocket Internet is an ongoing success story and is the leading Internet Group in Africa, operating 9 e-commerce businesses in more than 20 countries. It is led by top leaders offering a great mix of local and international talents and is backed by Millicom, MTN, AXA, Orange and Rocket Internet.
Responsible for all financial domains and Interests in the country and of controlling the respect of the Group policies and procedures
 Responsible for Jumia, Easytaxi, hellofood and AIG express.
 Create and build the financial system (Navision and SAP reporting tools).
 Responsible for Finance and Administration department.
 Maintain local statutory Egyptian accounting records.
 Issued two consecutive financial statements with clean audit report by Ernts and Young Egypt (2013 & 2014)
 Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
 Provide technical financial advice and knowledge to others within the financial discipline

Management Consultant at QUEST HUMAN DEVELOPMENT & CHANGE AGENTS

• Egypt - Cairo
• March 2013 to August 2013

 Responsible for Finance, IT and Administration department.
 Implemented GL module software.
 Maintain local statutory Egyptian accounting records.
 Oversee general accounting functions, including AR/AP, account reconciliation, and cash management.
 Disclosure of fraud and money back in One Month.
 Create and apply the documents cycle.
 Created and applied the internal policy.
 Disclosure of fraud with 6000000 L.E

Management Consultant at freelancer

• Egypt - Cairo
• July 2012 to February 2013

Provide better results and cost less.
Added value through advice and interpretation on how to maximize profits and minimize losses.
Greatly improved financial control of your business with confidence in data accuracy.

CFO at IPSOS

• Egypt - Cairo
• January 2012 to May 2012

Responsible for all financial domains and Interests in the country and of controlling the respect of the Group policies and procedure.
 Responsible for implementing and controlling the respect of the relevant detailed and operational procedures locally in order to complement the Group ones.

Finance Director North Africa at Synovate (Currently part of Ipsos)

• Egypt - Cairo
• January 2008 to December 2011

Financial Lead for 4 markets in some of the fastest growing and most diverse markets on the planet and the financial partner for Global Operations.Responsible for Finance, IT and Administration department.
Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Oversee general accounting functions, including AR/AP, account reconciliation and cash management. Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.

Strategically restructured financial reporting processes in accordance with organisational changes.
Served as key leader in effectively managing 15% annual revenue growth.
Contributes to the achievement of the company objectives by providing advice and guidance on financial strategy.
Submit planning and extraction of planning & actual data to/from the Company’s system (Hyperion) and (SAP).
Saved more than $50, 000 in annual expenses through identification of inaccurate and unnecessary vendor payments.
Strong background in multi-brand/geography business planning.
North Africa has seen good top and bottom line improvement from Egypt and Morocco in 2009”Aegis Financial Report.

Finance Manager North Africa at Synovate (Currently part of Ipsos)

• Egypt - Cairo
• April 2006 to December 2007

Prepared financial reports, developed budgets and performed variance analysis in accordance with business plan. Compiled periodic financial reporting packages for senior management. Carried out internal audits to ensure regulatory compliance and operational efficiency/accuracy. Built and led teams in carrying out special projects.

Reduced monthly closing cycle by three days with identification and recommendation of enhanced closing procedures.
Awarded globally as best employee of the year for 2006 in the integration.
Disclosure of fraud in Morocco office.
Egypt is ranking # 1 in Collection globally.
Implemented 6 modules software in North Africa(A/R, A/P, Cashbox, Tax, Payroll and Fixed assets)
Members in several committees(HR-Cost and management committee)

Finance Manager at Synovate (Currently part of Ipsos)

• Egypt - Cairo
• January 2004 to April 2006

Closed and prepared monthly financial statements and audit reports. Performed monthly account reconciliations and monitored general ledger transactions. Worked in collaboration with controller to ensure accuracy and integrity of financial information in support of overall business objectives.

Created and applied the internal policy for Egypt Office
Collected all the doubtful bad debts.
Implemented GL module software in Egypt.
Maintain local statutory Egyptian accounting records.
Accounts reconciliation between local books and Cyprus books.
Created daily time deposit based on the solid cash flow
Aegis Group internal audit rating of Satisfactory (the Highest rating).

Senior Accountant & Accounting Controller at LINKdotNet Holding

• Egypt
• September 2002 to December 2003

Handling sale& revenue for all LINKdotNET for a business volume of $8M•
Contribute to cash flow plan •
Contribute in the creation of the financial statement.
Supervise all ArabFinance.com and CareerMidEast.com affairs •
Control the LINKdotNET Holding accounting system (Great Plains) •
Supervise all financial affairs in the Alexandria branch.
Contribute in the implementation of the financial system (Great Plains).

Senior Accountant at CareerMidEast.com

• Egypt
• March 2000 to August 2002

Carried out general ledger functions, including account analysis and reconciliation, journal entries, cash management and AR/AP. Prepared financial statements

Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.
Responsible for all international dealings related to the company’s Merchant Account.
Efficiently handled all financial dealings with investors
Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Conduct a monthly financial analysis of the company’s financial status, and incorporate in the financial statement
Prepare quarterly & annual reports for the board of directors and shareholders.
Work closely with the company auditors in approving the company’s annual financial report.

Senior Accountant at LASER RENU INTERNATIONAL

• Egypt
• June 1999 to February 2000

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Follow up on the daily journal entries.
Prepare quarterly & annual reports for the board of directors and shareholders.
Work closely with the company auditors in approving the company’s annual financial report.

Senior Accountant at WESTERN UNION (IBA)

• Egypt
• July 1998 to May 1999

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Controlling Branches.
Work closely with the company auditors in approving the company’s annual financial report.
Follow up on the daily journal entries.
Daily reconciliation with Western Union International.
Preparing Commission Sheet.

Accountant at MULTI TRADING&STORES

• Egypt
• July 1995 to June 1998

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Daily Journal entry.
Responsible for LC&LG.
Work closely with the company auditors in approving the company’s annual financial report.
Prepare quarterly & annual reports for the board of directors.