Group CFO
G4S Group
Total years of experience :47 years, 4 Months
1. Works with Chairman / CEO to develop incentives for employees and Board members
2. Structuring / Restructuring the Financial Department according to the group structure
3. Build / Rebuild the Financial Policy, Manual, and Procedures (Chart of accounts, Cash flow, Reports, etc)
4. Supervises the development and implementation of the bank’s (strategic plan, financial plan, and budget / short and long - term), Administers the bank’s investment portfolio, Supervises management of the bank’s cash and liquidity position, and Assists with the bank’s new business development program.
5. Preparing the group Budget and Cash flow (FCF)
6. Lead and Supervise all resources of Funds and Applications
7. Advising new businesses on formation of corporations and business structures, drafting privacy policies and structuring commercial transaction
8. Assist all Operational heads in projects costing and estimations (DSO)
9. Preparing the Financial Statements, and Reports (Consolidated, Specific, and Comparative reports) according to IFRS standards
10. Cost control, Saving, and Reduction (Coordinates revenue enhancing and cost reduction programs)
11. Maintaining cash and finance position for all projects and divisions
12. Strategic Consulting, including business plan and strategy development of the group/company systems and operations
13. Coordinates overall asset and liability management efforts.
14. Coordinates major expenditures and non-lending commitments.
15. Using the best technology to Develop and to Update the group systems
16. Train and Develop the finance team information to refresh and increase the level of their education, productivity, and quality
17. Encouraging the team work and participations between finance and operations
18. Communicates with regulators and auditors ensuring compliance
19. Report to the Board as a consultant / advisor - Executive Board Member
1. Responsible for management of financial development, financial staff and performance measurement.
2. Implement accounting and control policies, procedures, reports with emphasis on local regulations and practices.
3. Prepare budget, 5 years business planning in the existing and new markets, development of investment strategies and financial statements.
4. Formulate cost allocation methodologies for planning and financial reporting.
5. Develop liquidity plans, capital allocation, implement risk management policies and monitor implementation.
6. Contribute to strategy, strategic planning and development of the business with EVP through budget management, cost benefit analysis, forecasting needs and the securing of new funding.
7. Review viability of new investment projects by conducting and leading valuation analyses.
8. Understanding of turnaround strategies; Expansion plans (M & A’s and JVs); Integration of Core Processes; ERP Implementation; Value Creation and Cash Focus; Financial Risk Management; Tax Structuring; Capital Structure Optimizing; Budgeting, Financial Modelling.
9. Ensure optimum utilization of company assets and financial return on investments at acceptable risk level.
10. Manage key internal and external stakeholder relationships including external auditors and investor relations.
• Responsible for the Company’s overall financial and business planning activities,
including day-to-day operating issues such as accounting and control, reporting,
financial analysis and planning, budgeting and forecasting, taxation, banking
relationships as well as compliance matters.
• Design and manage a strategy for communicating the key elements of the
company’s plans and performance to the financial community
• Negotiate and execute all major financial transactions, including borrowing, share
issuance, and share repurchases
• Identify the Company’s capital needs, formulate its overall capitalization strategy
and manage all related efforts and activities
• Advice the Board of the Group on the financial implications and proposed
management of risk related to key business issues and important strategic
decisions; and will participate in implementing best practices and corporate
governance.
• Liaise with regulatory authorities, auditors, consultants, bankers, the financial
media and the investment community.
• Coordinate preparation of short-term operating budgets
• Develop key performance measures for each business unit
• Ensure that business units have adequate management controls in place
• Evaluate business-unit performance in conjunction with the President and businessunit
heads
• Ensure that all external reporting and compliance obligations are fulfilled
• Establish controls to safeguard the company’s assets
• Ensure the integrity and efficiency of cash, receivables, and payables management
• Implement tax planning and ensure tax compliance
• Pursue opportunities to reduce the company’s tax burden
• Maintain strong day-to-day relationships with the company’s banks
• Manage risk management programs
Will be responsible for all financial and fiscal management aspects of company operations, providing leadership and coordination in administration, business planning, accounting, and budgeting. The mission of the VP is to creatively guide the company to profitable growth and market leadership, while protecting and representing the interests of the shareholders by providing business savvy, accountability, objectivity, perspective, judgment, and industry expertise.
• Provide financial leadership by managing and leading accounting and global shared services.
• Participate in key decisions as a member of the executive management team.
• Create and institutionalize all services line of business reporting from Board and CEO presentations to individual team metrics and management systems.
• Provide broad strategic organizational support, financing of initiatives, overall contract leadership, as well as strategic recommendations to executive management.
• Continuously revise, create, and implement Finance Shared Services strategy for the company.
• Direct and monitor the financial affairs of the company, including treasury, control, tax, and audit.
• Manage all aspects of accounting, including accounts payable, accounts receivable, and general ledger.
• Experience with GAAP and SEC reporting and regulations.
• Develop and implement financial and accounting policies, systems, and safeguards for company operations.
• Innate ability to drive financial excellence through analysis, process and leadership.
1) Chairman of OKI Super Stores - CANADA and Managing Director of Al Quds Co. - ALBANIA
2) Preparing of systems, policies, and procedures
3) Planning and financial management consultancy
4) Managing and supervision of finance department
5) Control of work flow ( internal system) of
Company / group components and departments
6) Preparing studies, valuation, merging ……
7) Durrat Al Arus Executive Board Member & Control Committee Member
* Establish and manage an Internal Audit Department for independently reviewing organizational activity, processes, operations, functions to determine whether these are efficiently and effectively being carried out and also assess that these activities are functioning in accordance with management instructions and company policies and procedures. Identify and recommend opportunities to improve operating performance, and recommend solutions to problems where appropriate.
Review and finalize audit plans covering major risk areas, materiality levels, major functions, operations, major profit and loss accounts and balance sheet items to randomly check compliance with company policies and procedures and international best practices
To conduct such special assignments as considered necessary or on instruction from The Chairman of the Group;
Ensure compliance with the code of conduct, standards and professional ethics laid down by the appropriate professional auditing / accounting bodies and the Group;
Appraising the economy and efficiency with which resources are employed, identify opportunities to improve operating performance, and recommend solutions to problems where appropriate;
Evaluating the plans and actions taken to correct reported conditions for the satisfactory disposition of audit findings; and provide adequate follow-up to make sure that proper corrective action is taken and that it is effective;
1. Preparation and translation of the initial plans for the coming year/years, according to overall plans set by the Board of Directors, to all departments plans, objectives and programs as a prelude to the preparation of the outline of the budget estimates.
2. Supervising the company budget estimates preparation according to the schedule, and provide all departments, panches and sections with the appropriate forms and explain how it used. and Follow-up and guide the calculation of revenues, costs and capital expenditures and prepare the needed tables.
3. Supervising the preparation of the final charts of the budget, then submit them to the CEO to be approved by the Board Chairman.
4. Ensure the accuracy of the annual budget preparation process and maintain the preparation schedule for all the concerned staff, and provide advice on any difficulties arises during the preparation process of the estimated budget.
5. Prepare all the studies and financial analysis to assist senior management in taking adequate decisions on the expansion of existing projects or new financing plans (long-and short-terms).
6. Preparation of monthly financial center for the company and submit it to the CEO in half of next month, including comparative reports of what was budgeted for the same month.
7. Overseeing the preparation of budget monitoring reports and study the deviations to be submitted together with his comments to CEO.
8. Ensure the safety of company funds and keep all original and valued documents in the safe.
9. Supervise the preparation of the closing statement and periodic financial reports of the company, do the analysis and put his remarks and then submit them to the CEO to be approved by the Board Chairman.
10. Review of agreements, contracts and commitments with other parties before the signature, to determine the financial impact and put his comments on them.
• Weekly and monthly cash requirements
• Bank reconciliations
• Payrolls, certified payrolls
• Develop short and long range strategic plans with senior management
• Manage financial audits and provide recommendations for procedural improvements
• Direct and coordinate company financial planning
• Develop and maintain relationship with vendors, bank and auditors
• Oversee daily operations of the accounting department
• Ensure compliance with local, state, and federal payroll, sales and other tax requirements
• Maintain an organizational structure and staffing to effectively accomplish departmental goals
• Assist in improving and maintaining the company's technology systems
• Ensure internal controls are in place to provide accurate reporting
• Recruit, train, supervise, and evaluate department staff
• Provide financial leadership in establishing strong relationships with senior management
• Other duties and special projects as assigned
Responsible for all financial and fiscal management aspects of company operations, providing leadership and coordination in administration, business planning, accounting, and budgeting. The mission of the VP is to creatively guide the company to profitable growth and market leadership, while protecting and representing the interests of the shareholders by providing business savvy, accountability, objectivity, perspective, judgment, and industry expertise.
• Provide financial leadership by managing and leading accounting and global shared services.
• Participate in key decisions as a member of the executive management team.
• Create and institutionalize all services line of business reporting from Board and CEO presentations to individual team metrics and management systems.
• Provide broad strategic organizational support, financing of initiatives, overall contract leadership, as well as strategic recommendations to executive management.
• Continuously revise, create, and implement Finance Shared Services strategy for the company.
• Direct and monitor the financial affairs of the company, including treasury, control, tax, and audit.
• Manage all aspects of accounting, including accounts payable, accounts receivable and general ledger.
• Experience with GAAP and SEC reporting and regulations.
• Develop and implement financial and accounting policies, systems, and safeguards for company operations.
• Innate ability to drive financial excellence through analysis, process and leadership.
External Auditor for all foriegn companies:
1. Preparing intrem audit program and procedures
2. Preparing final audit program and procedures
3. Preparing financial statements of the clients
4. Preparing tax reports and all adjustments entries
5. Discussing the drafts of financial statements and tax reports with the client
6. Managing accounting department of the office
7. Supervising the stocktaking process of clients fixed assets and inventories
8. Discuss the drafts of reports with the regional audit manager
CPA Studies (1991-1992) Ernst & Young Co.