VP, Finance & Operation
Pan Gulf Telecommunications Co.
Total years of experience :27 years, 10 months
Leading the financial operation of both OSP and Electric divisions of the company working as VP of electric division holding the team of 400+ employees
Leading the company operations of distributing operator products OTS of STC, Mobily, Zain, Virgin & Libara in addition to working as an exclusive distributor of both Alcatel & ZTE products within Saudi Arabia & Bahrain. Setting company strategy and updates all interdepartmental work flow.
- Report to CEO
- Direct, plan, and implement policies, objectives, and activities of the financial department of the group to ensure continuing operations, to maximize returns on investments, and to increase productivity.
- Direct and coordinate the company's financial and budget activities and budgetary control systems with reference to formulated strategy.
- Control, implement and evaluate financial reporting systems, operating systems, and other financial control functions.
- Responsible to produce financial and regulatory reports required by laws, regulations, local and international investors and internal management needs.
- Direct and conduct financial studies and research on new business opportunities.
- Supervise the work of office, administrative employees to ensure adherence to quality standards, deadlines, and proper workflow.
- Oversee the flow of cash and financial instruments and implementing new alternative financial funds and facilities.
Key Achievements:
2010 Setting Group financial strategy and design an effective roadmap to achieve business targets.
2010 Successfully designed efficient accounting and reporting system from scratch as a start-up phase ensuring full control over subsidiaries’ operation.
2011 Conduct of BE assignment for the group of companies to evaluate business net worth.
2011 Participating in designing and launching OTS management processes project including the financial part.
- Report to Group CFO, CEO
- Directing all issues to update annual business plans for 14 subsidiaries.
- Supervising and directing budget preparation scenarios and updates.
- Controlling the budgeting system implementation and application.
- Monitoring the budgeting control process for all subsidiaries.
- Supervising and monitoring Capex and Opex monthly utilization.
- Administrate the group reporting BPM application \[Microsoft Forecaster 7.0\].
- Report to Orascom Telecom - Holding Co. using Oracle Hyperion 9.3 application.
Key Achievements:
2008 Successfully designed new efficient budget control automated system ensuring full control over subsidiaries’ operation.
2008 Participated as a key implementer in designing Ring Egypt processes project for the accounting, budgeting & reporting part.
2009 Served as project owner in successfully implementing an automated environment for planning & budgeting using BPM application “Microsoft Dynamics Forecaster” for performance evaluation within a full implementation process for the financial department of the company in addition to serve as an advisor for the accounting automation process.
2009 Implemented the fast closing process to meet actual deadline in only 3 days to issue the total forecast updating scenario of the group “13 companies” on the consolidation package.
- Report to the financial controller & the Group CFO.
- 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 CFO and CEO concerning financial forecasts and reports.
- Prepare monthly, quarterly and annual consolidation package of Ring Group.
Key Achievements:
2006 Strategically restructured financial reporting processes in accordance with organizational changes.
2007 Served as key leader in effectively implementing financial automated process through ERP system “Microsoft Dynamics GP ‘10”
2007 Implemented the fast closing process to meet actual deadline in only 2 days to issue the financials on month +1 day and the consolidation package in month + 4 days.
- Report to the financial controller and the managing director.
- 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.
Key Achievements:
2003 Starting new business with a medium sized company from the scratch in the retail business having various outlets and distribution chain.
2005 Reduced monthly closing cycle by three days with identification and recommendation of enhanced closing procedures.
2006 Finished all tax inspections and got full settlement with Tax Authority.
- Report to the audit manager and the partner in charge.
- Preparing audit strategies and planning audit engagements using analytical procedures to obtain reasonable assurance that material misstatement are detected.
- Obtain and document the consideration of internal control to plan the audit by evaluating the internal control procedures using tests of controls to assess control risks.
- Prepare management letters forming an opinion about the fairness of management assertions and the effectiveness of client’s internal control offering suggestions and recommendations.
- Perform substantive tests using analytical procedures and tests of details and preparing audit programs.
- Supervising the audit fieldwork performed by assistant auditors.
- Evaluating Audit findings and adjusting entries for all material misstatements whether caused by error or fraud.
- Prepare auditor report on the financial statements according to the Egyptian standards on auditing.
- Conducting other assertion assignments such as review engagements, due diligence business valuation and other special purpose compilations
Key Achievements:
2001 Promoting through 3 upgrading positions in 4 years.
2001 Getting the membership of the Egyptian society of taxation.
2002 Participated as one of the professional team of special hard assignments of the firm.
- Participate in book keeping services and preparing financial statements of various clients.
- Prepare sales tax and income tax returns and other tax consulting services including tax inspections and settlements with tax officers and committees for selected clients.
Key Achievement:
1997 Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve client objectives.
1997 Registered in the general register for accountants - ministry of finance as chartered accountant under No.16425 (completed 2006).
Graduation project: preparation of cashflow statment in accordance to the IASs with grade Very Good
Grade: Good