Mohamed Hafez, Group Chief Financial Officer

Mohamed Hafez

Group Chief Financial Officer

Hily Holding PJSC

Location
United Arab Emirates - Abu Dhabi
Education
Higher diploma, financial Accounting
Experience
28 years, 10 Months

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Work Experience

Total years of experience :28 years, 10 Months

Group Chief Financial Officer at Hily Holding PJSC
  • United Arab Emirates
  • My current job since October 2018

• Spearheaded all aspects of financial management encompassing Financial Control, Business Planning and Analysis, Taxation, Reporting, Capital Management and Treasury
• Partnered with the Chairman, BOD, CEO & Executive Committee Members to leverage & enhance capabilities and develop & execute business strategy to drive business growth
• Managed multiple functions entailing HR, Admin., Legal & IT

Chief Audit Executive at Ali & Sons Holding LLC
  • United Arab Emirates - Abu Dhabi
  • January 2008 to September 2018

Highlights:
• Played a key role in establishing the internal audit function for the organization from the scratch; developed the IA Manual, Charter, Hiring & Coaching the team
• Acted as a Financial Advisor for H.E., the founder of Ali & Sons Group
• Acted as a member of the Executive Management Team
• Managed advanced level professional internal auditing as a key component of the corporate governance structure; successfully adopted Risk Based Audit Methodology
• Directed a comprehensive audit program including performance, risk assessment, financial and compliance audit projects
• Selected to be an Audit Committee Member & Advisor for FOODCO Holding "UAE listed Company" (2010 - 2018) and Commissioner for PT Newtech Energy Co. at Indonesia (2010- 2016)

  • Indonesia
  • January 2010 to January 2016
Audit Manager at Moore Stephens International Limited
  • Saudi Arabia
  • July 2006 to December 2007
Deputy Audit Manager at KPMG Hazem Hassan
  • Egypt
  • December 2004 to July 2006
Audit Supervisor at Mostafa Shawki & Co.
  • Egypt
  • August 2004 to December 2004
Senior Internal Auditor at Juma Al Majid Group
  • United Arab Emirates
  • August 2001 to June 2004
Branch Manager at Anany & Co
  • United Arab Emirates
  • May 1995 to August 2001

Identifying performance issues within the business and risks/opportunities in current financial plan/forecast; resolving the
same by developing and implementing financial trend reports
* Providing strategic financial direction & leadership; performing due diligence of companies / processes, steering processes
transitions, reengineering existing process, reducing tasks involved, making process lean, resulting in significant savings in man hours
& overall cost
* Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to
facilitate internal financial control
* Extensive working knowledge of IFRS, USGAAP, COSO Framework and regulatory compliances; streamlining financial
processes through various initiatives geared towards lowering risk, heightening productivity & improving internal financial controls
* Implementing financial results forecasting system for providing accurate future results projections & budgeting system
ensuring timely compilation & presentation
* Completing financings for private companies which include engineering Merger & Acquisition (M&A) transactions, executing
Initial Public Offerings (IPOs) and international financings
* Leading the design of optimum capital structure and financial strategy for the company keeping in mind capital expansion for existing
business, investment in new businesses/projects, and short-term cash optimization
* Analysing and reporting financial information to executive management
* Supervising related party transactions of equity, agent commission, loans, purchases for exports and related receivables &
payables management
* Restoring financial health of the company through the following initiatives:
o Driving detailed health check up on compliances relating to GST and Direct Taxes for an efficient structure
o Establishing a working relationship with bankers, suppliers and workers; negotiating settlements and restructuring financial
liabilities with bankers, suppliers, statutory agencies, and so on
o Preparing presentations of projects and feasibility reports for submission to banks in order to avail term loan and working capital
assistance
o Negotiating with banks for competitive rates of foreign currency buying selling deals
o Resolving numerous pending legal, statutory, direct and indirect tax cases
o Establishing consistent and appropriate business practices, enhancing controls for credit risks, and building staff/ supplier morale
at a time of financial distress; instituting controls, and teamwork
* Spearheading the entire accounts & finance functions including maintenance & finalization of accounts, working capital
management, profit monitoring, report management, building internal financial controls, Capex management, determining accounting
objectives, designing & implementing systems and framing policies & procedures to facilitate process control
* Establishing consistent and appropriate business practices & enhanced controls for treasury related risks
* Developing & explaining monthly profit & loss projections; establishing product line profit & loss statements to identify
opportunities & risks for the business
* Monitoring the cash flows and ensuring that funds are arranged in the most cost effective manner after projecting accurate
cash forecast
* Managing all tax audits including developing audit strategy, collation of information/analyses, working with external service
providers for inputs, reviewing submissions, attending all audit hearings, communicating and coordinating with wider tax group
stakeholders
* Supervising the implementation of ERP to manage the changes in day-to-day financial processes; incorporating system based
controls that result in elimination of several manual processes
* Monitoring, mentoring & motivating the workforce to enhance their efficiencies with excellent people management skills for
leading personnel towards accomplishment of common goals by distributing work daily and monitoring progress to ensure timely
release and minimal errors

Education

Higher diploma, financial Accounting
  • at Mansoura University
  • June 1998
Master's degree, Financial Accounting
  • at Mansoura University
  • January 1998

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Bachelor's degree, Accounting
  • at Mansoura University
  • January 1994

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Specialties & Skills

Staff Training
Treasury Functions
Internal Control
ACCOUNTANCY
ACQUISITIONS
AP STYLE
AUDITING
AUTOMOTIVE
BUDGETING
BUSINESS PLANS
BUSINESS STRATEGY
CASH FLOW
annual budgets
planning
working capital management
mergers
treasury management
team leadership
risk management
accounting
restructuring

Languages

Arabic
Expert
English
Expert

Hobbies

  • Reading , football