CFO and board member
Oraascom trading
Total years of experience :29 years, 3 months
1. Establish and implement short and long-term department goals, objectives, polices and operating
procedures.
2. Perform cash management to assure most efficient utilization of cash
3. Analyze cash flow, cost controls, expenses to guide top management on best methodologies to reduce
Costs.
4. Prepare In conjunction with other departments the overall company budgets and forecast assuring
accuracy and achieving overall company strategic goals.
5. Oversee the performance of the finance department to ensure compliance with tax policies, internal
policies and procedures and reporting requirements.
6. Oversee the accounting department records to assure compliance with the generally accepted accounting
Standards.
7. Compile and analyze financial information including monthly and annual accounts to prepare accurate
financial statements, and other financial reports while ensuring all financial reporting deadlines are met.
8. Establish and maintain internal control systems to assure segregation of duties, strong controls and
compliance with polices and safeguard of assets.
9. Reconcile bank accounts against bank statements to assure bank statements accuracy and manage
appropriate money transfer between different accounts upon management concurrence.
10. Reviewing audit reports.
11. Oversee the performance of purchasing department to assure compliance to the company policy.
AlMansoori Specialized Engineering is the leading provider of oilfield services in the Middle East. Founded in Abu Dhabi, United Arab Emirates, in 1977, the company has grown to employ a workforce of 1, 400 across 21 countries throughout the world.
Job Summary:
•Maintenance and consolidation of books of accounts, treasury, statutory and tax audit coordination.
Duties & responsibilities (not limited to):
•Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
•Assist in investment decisions.
•Ensure the effective funds management and ensure adequate cash flow to meet the organization's needs.
•Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports.
•Oversee all purchasing and payroll activity for staff and participants.
•Build strong business relations with banks, external parties.
•Develop and maintain systems of internal controls to safeguard financial assets of the organization.
•Responsible for yearly budget preparation for all divisions.
•Analyze all the deviations than budget / previous month.
•Review AR report on monthly basis and submit it to top management.
•Appraise the top management on the litigations / issues related to AR/AP for their decision.
•Ensuring timely updating books of accounts.
•Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.
•Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
Concorde ready-mix concrete co. is a S.A.E with capital paid and issued LE 30 Million working in the field of ready mix-concrete manufacturing, it is a subsidiary company of a big group of companies working in the field of construction & real estate.
Concorde Ready-mix concrete has most of the ready-mix concrete market share at 6th of October city, with average LE 72 Million yearly turnovers
Job Summary:
•Forming, establishing and developing the financial department & related professional policies and procedures for accounting, billing, warehouse control, etc.
•Developing the mechanism in the finance department for the purpose of minimizing the financial risk.
•Build good relations with banks, other external entities and develop finance strategies.
Duties & responsibilities (not limited to):
•Evaluate and control the implementation of assigned policies.
•Reviewing and approving financial and cost monthly reports.
•Responsible of preparation of financial statements.
•Direct annual budgeting and planning and monitoring cash flow.
•Fulfilling tax requirements.
•Ensure that accounting & financial departments tasks and requirements done in timely and correct manner.
•Producing accurate financial reports to specific deadlines.
•Providing and interpreting financial information.
•Researching and reporting on factors influencing business performance.
•Ensure records on system are maintained accordance with GAAP.
•Interact with other managers to provide consultative support to planning initiative through financial and managerial information analysis.
Job Summary:
• Under policy direction, plans, organizes and directs the activities of the Finance Department; manages and directs the provision of investment and treasury services, financial analysis and budgeting, accounting, billing, developer services, serves as treasurer and manages accounting, financial, payroll and other services; provides expert professional assistance and guidance to management; develop and maintain various external relationships; and performs related duties as assigned; Responsible for adding value to the company through the acquisition and management of financial and information technology resources.
Duties & responsibilities (not limited to):
• Plan, organize, control, integrate and evaluate the work of the Finance department.
• Develop, implement and monitor long-term plans, goals and objectives focused on achieving the department’s mission and assigned priorities.
• Participate in the development of and monitor performance against the department’s annual budget; Manage and direct the development, implementation and evaluation of plans, policies, systems and procedures to achieve annual goals, objectives and work standards
• Regularly monitor performance and provide coaching for performance improvement and development; Provide compensation and other rewards to recognize performance.
• Take disciplinary actions in accordance with the personnel policies and labor contract provisions.
• Provides leadership and works with division managers to develop and retain highly competent, customer service-oriented staff through selection, compensation, training and day-to-day management practices that support the District’s mission.
• Direct tax planning and reporting including the identification of tax savings opportunities.
• Develop and maintain relationships with banking, insurance and non-organizational accounting personnel in order to facilitate financial activities; Review; negotiate conditions of contracts with clients.
Job Summary:
• Responsible for ensuring all supplier invoices are booked in the company business system and meet all of the internal control requirements for approval, coding and processing.
• Ensure that vendor accounts are reconciled, outstanding issues investigated and resolved, and payments are complete and up to date to maintain positive vendor relationships at all times.
• Reporting to the Financial Director.
Duties & responsibilities:
• Reconcile processed work by verifying entries and comparing system reports to balances.
• Charge expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries.
• Processing of both inventory and non-inventory invoices.
• Pay vendors by monitoring discount opportunities; verify tax ID/exemption numbers; schedule and prepare check runs; resolve purchase order, contract, invoice, or payment discrepancies and documentation.
• Maintain accounts payable ledgers by verifying and posting account transactions.
• Verify vendor accounts by reconciling monthly statements and related transactions.
• Maintain historical records.
• Disburse petty cash by recording entry; verify documentation.
• Record and distribute sales taxes on invoices.
• Investigate variances relating to processing of supplier invoices with vendors and/or internal departments.
Job Summary:
• Managing all the financial and administration issues at site.
Duties:
• Maintaining and controlling site petty cash.
• Preparing and posting Journal entries related to site transactions.
• Preparing monthly payroll for all site staff.
• Reporting to financial manager of the construction sector.
• Responsible for purchasing for the site and maintaining a register for all purchased items.
• Responsible for reviewing and approving the time sheets.
• Preparing withholding taxes forms.
• Manage the time keepers’ staff
Achievements:
• The reimbursement process was enhanced and being faster therefore there was no delay in payments or purchasing.
Subjects studied: Auditing accounting principles tax examining
BSc from Faculty of commerce, Cairo University. Accounting department.