Walid El-Hamouly, CFO / Deputy GM - Finance & Operations (Board Member)

Walid El-Hamouly

CFO / Deputy GM - Finance & Operations (Board Member)

Future Media & Telecommunications Group

Location
Egypt - Cairo
Education
Bachelor's degree, Accounting
Experience
20 years, 3 months

Share My Profile

Block User


Work Experience

Total years of experience :20 years, 3 months

CFO / Deputy GM - Finance & Operations (Board Member) at Future Media & Telecommunications Group
  • Egypt - Cairo
  • July 2011 to April 2019

• Member in Investment Committee for strategic and tactical recommendations of allocation EGP 500M, in addition to submitting fully financial studies & business plans for the investment opportunities.
• Managed Billion and 30 Million turnovers in 2018 and manage structure of 5 Directors for Operation, HR, Procurement, IT and Finance director with solid line to Finance department of 21 HC.
• Strong experience in preparing, studying and negotiating BP’s through understanding market researches, sales forecasts, competitors and the sector situation then Budgets, Cash Flows and Financial Statements.
• Changed the aging and credit terms of the industry which shifted the collection terms to 90 instead of 120days, which reflects very positive on cash inflows.
• Generate millions by accelerating the billing process, improve aggressive collection plan and extending vendor payment terms.
• Establishing and maintaining a strong working relationship with banks, made us signed 225M credit line on the company good notes receivables.
• Reduced SWB, G&A and HC through very smart and effective shared service structure on all support function departments. (Consolidate Departments).
• Managed the complete deal cycle, including sourcing, financial modeling, due diligence, negotiations and closure.
• Implemented new financial system integrating with CRM system resulting in greater automation and a streamlined close process.
• Implemented a monthly financial and management reporting process resulting in a timelier, accurate and detailed reporting package for use by board of directors.
• Prepare and negotiate commercial and financial terms in all contracts especially terms to meet cash flows.
• Managed to build a team whose main priority is meet targets, achieve forecasts, work under stress and accomplished this through assist in hiring, coaching.
• Oversaw daily workflow of traffic and client service-related functions including timely order entry, verification procedures, building of daily schedules, and communication with sales department.
• Worked in cooperation with department heads and sales directors to evaluate and restructure staffing needs in response to increased sales productivity and performance demands.
• Established and implemented performance measures and reporting for the overall collections process
• Experienced with acquisitions and merge process.
• Key member of the management team that successfully completed the sale of the publishing business unit to new ownership
• Managed all day-to-day treasury, and operating cash flow activities for effective financial planning and liquidity.

Finance Director at Oriental for industrial development and touristic constructions
  • Egypt - Cairo
  • November 2006 to May 2011

•Involved in determining the financial policies and the main objectives of the company.
•Establishing the Financial Regulations, Users Action & a proper system for Delegation of Authority and responsibilities.
•Establishing certain Chart of Cost Centres, that allows costs to be allocated in a fair, to provide feedback reports indicating the cost of each element.
•Establishing certain controls that provide feedback reports indicating deviations from expectations.
•Manage asset growth and minimize risk exposure of all investments.
•Prepare basic financial statements (Balance sheet-Income statement-Statement of cash flow-Statement of retained earning-Statement of comprehensive income).
•Prepare external financial reporting.
•Prepare management reports (Cash flows-Budgeting- Forecasts and Finally recommendations).
•Ensure trusted relationships with senior management of banks that deal with the company and ensure access to services.
•Review the company's Accounts at banks and ensure the safety of the fiscal positions and the health of banking transactions.
•Audit and assign the project listing and cash flow capital plane (FF&E).
•Take the necessary action for finding the liquidity (cash in) to reimbursement of obligations and operations cost.
•Review the accounts of inventory and ensure their accuracy of recording in books.
•Review the cost of operation and analysis of deviations of costs, and works to control the elements of cost to reduce it in coordination with sectors and departments and various sections of the company.
•Implement with recommendations of the internal and external auditors, to take corrective action by which they refer.
•Oversee the preparation of final accounts and results of the company and ensure the analysis of the deviations and determine their causes.
•Design and amend control system regarding legal consultant recommendations and advices.

Chief Accountant at Blue Sky Travel Group
  • Egypt - Cairo
  • July 1999 to October 2006

1- Prepare, examine and analyze accounting records, financial statements and other financial reports to assess accuracy, conformance to reporting and procedural standards. 2- Process payment vouchers. 3- Daily monitoring accounting transactions. 3- Analyze business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses or to provide advice. 4- Reports to management regarding the finance establishment. 5- Establish tables of accounts and assign entries to proper accounts. 6- Develop, maintain and analyze budgets preparing periodic reports that compare budgeted costs to actual cost. 7- Survey operations to as certain accounting needs and to recommend, develop and maintain solutions to business and financial problems. 8- Prepare management reports (Cash Flow Budgeting - Finally Recommendations) 9- Audit and assign the project listing and cash flow capital plane (FF & E).

Education

Bachelor's degree, Accounting
  • at Suiez Cannal University
  • September 2000

Specialties & Skills

People Management
Cash Management
Finance Management
Developments
operations
• Managing People
• Financial Planning & Budgeting
Risk Management
Change Management
Business Planning
Merge, Acquisitions & due Diligence
HR Shared Services Implementation
Exceptional Cash Management

Languages

English
Expert
Arabic
Expert

Memberships

Institute of Management Accountants
  • Member
  • February 2010
Tourism Chamber
  • Member
  • March 2001

Training and Certifications

The Art Of Business Negotiations (Training)
Training Institute:
almentor.net
Date Attended:
May 2019
100 Essential Management Concepts (Training)
Training Institute:
almentor.net
Date Attended:
August 2018
People Management Psychology (Training)
Training Institute:
Talent Bay
Date Attended:
February 2019
Duration:
32 hours