Group CFO
First Star Egypt
Total years of experience :30 years, 4 months
Strategy
As a true business partner to the CEO and divisional presidents, assess organizational performance against both the annual budget and company’s long-term strategy.
Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
Engage the board finance and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
Executive Management
Report and communicate with the board members on a range of strategic issues
Serve as a member of executive leadership team
Participate in key decisions pertaining to strategic initiatives, operating model and operational execution
Financial Planning and Analysis
Prepare and maintain regular financial planning reports.
Complete analysis of financial results; Develop recommendations (strategic and tactical).
Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
Develop and maintain capital and operating budget.
Assist in development of financial planning and analysis exercises/reports.
Participate in calls with Lenders.
Finance
Oversee cash flow planning and ensure availability of funds as needed.
Oversee cash, investment, and asset management.
Oversee financing strategies and activities, as well as banking relationships.
Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
Strategy
As a true business partner to the CEO and divisional presidents, assess organizational performance against both the annual budget and company’s long-term strategy.
Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
Engage the board finance and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
Executive Management
Report and communicate with the board members on a range of strategic issues
Serve as a member of executive leadership team
Participate in key decisions pertaining to strategic initiatives, operating model and operational execution
Financial Planning and Analysis
Prepare and maintain regular financial planning reports.
Complete analysis of financial results; Develop recommendations (strategic and tactical).
Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
Develop and maintain capital and operating budget.
Assist in development of financial planning and analysis exercises/reports.
Participate in calls with Lenders.
Finance
Oversee cash flow planning and ensure availability of funds as needed.
Oversee cash, investment, and asset management.
Oversee financing strategies and activities, as well as banking relationships.
Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
“Complete the final stage of ERP AX system implementation after failure implementation, Handling all construction activities for the new Industrial factory, Preparing Financial Policies and Procedures for Akel company for all sectors (Agriculture, Trading and Industrial), rebuild successful relati-ship between the company’s banks and cost reduction process”
1. Building, organizing, managing and directing the team to ensure that all team members have full knowledge of their job descriptions and their responsibilities and duties.
2. Organizing monthly closing of the books of accounts in accordance with the schedule approved and agreed.
3. Review and adoption of a list of monthly / annual Final closing and submit them to the CFO for final adoption.
4. Review the financial statements and the individual and consolidated trial balances on a monthly basis to ensure that no unusual transactions or balances, and reporting any exceptions to the CFO.
5. Review and follow-up report at the rate of debt and inventory rebuilding (if any) and advance payments to suppliers for all operating sectors.
6. Follow-up to the legal department of any issues erected in favor of or against the company routinely.
7. Review, approve and regulation of payments to suppliers and capital expenditures and operating .
8. Review and approve all payments and cash funds and banks
9. Formulation of advice to departments in negotiating the commercial terms and conditions for the purchases of credit with suppliers.
10. Organizing the annual inventory of assets and Commercial Plan and report the results to take necessary approvals from the administration.
12. Ensuring that the internal control procedures and that they are exercised in the right way.
13. The communication and coordination with internal and external auditors and help them to provide all the required information and documents and implementation of their recommendations to improve internal accounting controls in the organization.
14. The provision of financial and data necessary for the management of financial reporting and especially with regard to the requirements of the preparation of annual budgets, as well as prepare the estimated budget for its management and submit it to the CFO for approval.
15. The duties and any other duties as assigned by the CFO or Top Management.
1. Strategy
• As a true business partner to the CEO and divisional presidents, assess organizational performance against both the annual budget and company’s long-term strategy.
• Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
• Engage the board finance, audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
• Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
2. Executive Management
• Report and communicate with the board members on a range of strategic issues
• Serve as a member of executive leadership team
• Participate in key decisions pertaining to strategic initiatives, operating model and operational execution
3. Financial Planning and Analysis
• Prepare and maintain regular financial planning reports.
• Complete analysis of financial results; Develop recommendations (strategic and tactical).
• Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
• Develop and maintain capital budget.
• Assist in development of financial planning and analysis exercises/reports.
• Participate in calls with Lenders.
4. Finance
• Oversee cash flow planning and ensure availability of funds as needed.
• Oversee cash, investment, and asset management.
• Oversee financing strategies and activities, as well as banking relationships.
• Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
Other Activities
1. Planning, Policy, and Investor Relations
2. Accounting and Administration
3. Team Management
4. Accounting Activities
5. Cash Management
6. Corporate Development
1.Providing and Interpreting Financial Information.
2.Business Modeling and Forecasting.
3.Monitoring Performance and Efficiency.
4.Analyzing Change and Conducting Risk Assessment.
5.Participating In Strategic Planning, And Formulating Long-Term Business Plans.
6.Researching and Reporting On Factors Influencing Business Performance.
7.Pricing and Competitor Analysis.
8.Developing Complex Finance Models.
9.Assessing the Financial Implications of New or Existing Ventures.
10.Conducting Reviews and Evaluations for Cost-Reduction Opportunities.
11.Preparing Accounts and Reconciling Balance Sheets.
12.Overseeing Budgetary Control.
13.Monitoring Cash Flow.
14.Leading or Working On Projects.
15.Liaising With Other Members of the Team and Across the Business.
16.Supervising Other Staff.
1.Providing and Interpreting Financial Information.
2.Business Modeling and Forecasting.
3.Monitoring Performance and Efficiency.
4.Analyzing Change and Conducting Risk Assessment.
5.Participating In Strategic Planning, And Formulating Long-Term Business Plans.
6.Researching and Reporting On Factors Influencing Business Performance.
7.Pricing and Competitor Analysis.
8.Developing Complex Finance Models.
9.Assessing the Financial Implications of New or Existing Ventures.
10.Conducting Reviews and Evaluations for Cost-Reduction Opportunities.
11.Preparing Accounts and Reconciling Balance Sheets.
12.Overseeing Budgetary Control.
13.Monitoring Cash Flow.
14.Leading or Working On Projects.
15.Liaising With Other Members of the Team and Across the Business.
16.Supervising Other Staff.
1.Providing and Interpreting Financial Information.
2.Business Modeling and Forecasting.
3.Monitoring Performance and Efficiency.
4.Analyzing Change and Conducting Risk Assessment.
5.Participating In Strategic Planning, And Formulating Long-Term Business Plans.
6.Researching and Reporting On Factors Influencing Business Performance.
7.Pricing and Competitor Analysis.
8.Developing Complex Finance Models.
9.Assessing the Financial Implications of New or Existing Ventures.
10.Conducting Reviews and Evaluations for Cost-Reduction Opportunities.
11.Preparing Accounts and Reconciling Balance Sheets.
12.Overseeing Budgetary Control.
13.Monitoring Cash Flow.
14.Leading or Working On Projects.
15.Liaising With Other Members of the Team and Across the Business.
16.Supervising Other Staff.
1.Leading the preparation of full set of monthly financial statements ( BS, P&L and SCF ).
2.Preparation of projected profit & loss and NIAT latest Estimate.
3.Lead monthly accounts closing process. updating the General Ledger (GL) through manual journals. and making sure that the GL figures are reliable and supported by the sub ledgers through a reconciliation process.
4.Reporting FGC costs to the Group on quarterly basis through the respond to any queries related to the Results.
5.Responsible for reporting the Management Information System (GPMIS) and FIRST for FGC on monthly basis.
6.Responsible for reporting the Monthly Information Report (MIR) for the Finance department.
7.Responsible for the Intra Group balance confirmation between FGC and other companies.
8.Communicate and liaise between all departments in the preparation of the FGC 5-years costs (OPEX / WIPEX).
9.Involved in the preparation of the Financial Statements via FGC Economic Model.
10.Providing a comprehensive and reliable monthly cash forecast.
11.Ensure that payments of social insurance, income tax withheld from employees & withheld tax from suppliers are paid to the appropriate authorities and on time.
12.Lead the preparation of payroll for FGC and reconcile differences with previous month data.
13.Lead the preparation and the presentation of budget reports to the management showing actual operating expenses Vs budget.
14.Ensure that all reconciliations have been made for all balance sheets accounts.
15.Responsible for providing all information & documents necessary for external financial auditors to conduct their audit in an effective & efficient manner.
16.Responsible for the implementation of the Vision / SUN Financial systems and the Payroll system.
17.Supervising data-entry process for collection of instalments & gas consumption of 65000 residential customers & more than 120 commercial customers.
18.Responsible for all related financial controls.
1.Preparing Costing System From A To Z.
2.Stock Control System & Controlling Production Process Cycle .
3.Monthly Cost System Reporting & Controlling Pricing Policies .
4.Preparing BOM, B/L For Each Product And The Competitive Profitability.
5.Handling Local And International Tenders Files & Documentation And Tender System.
6.Making and Handling BusinessPlan For 15 Years (Long Term Plan) .
7.Handling Medium Term Plan System .
8.Preparing Monthly Managerial Reports .
*Account Payable
*Account Receivable
*Payroll
*Control Cash And Banks Account
*Assistant To Finance Manager
•Analyses The Company Systems, Preparing Accounts Chart And Preparing Documentations Forms / Cycle
•Training Accountants (7 Persons) On Financial Methods And Computerized Auditing/Booking Systems
•Preparing Controling To All Financial Transactions According To The Accounting Principles
•Preparing Budjets And Financial Analyses For All Company Activities
•Preparing Cash Flow And Annual Plan
•Preparing Financial Statements (Income statement & balance sheet) And Financial Analyses From 1998 To 2001 & Financial Position In June, 2002
•Controls (Debit & credit) Banks Accounts
•Controls Banks Payroll And Preparing Tax-Salaries & Social Insurances
•Handling customers contracted
•Handling Receivables /Payables Accounts And Notes
•Preparing Financial Statements (Income statement & balance sheet) And Financial Analyses For 1993-1998
•Monthly Reports Using A Computerized Accounting System
•Accounting System containing the following: Suppliers, General Ledger, Salaries, Inventory
•Preparing Financial Statements (Income statement & balance sheet) And Financial Analyses For 1993-1998
•Preparing Cost Centers For Each Projects & Handling direct and indirect costs
•Controls Banks Payroll And Preparing Tax-Salaries & Social Insurances
•Controls (Debit & credit) Banks Accounts
•Accounting System containing the following: Suppliers, General Ledger, Salaries, Inventory
•Opened merchant accounts
•Preparing Cost Centers For Each Projects & Handling direct and indirect costs Used a tailored computerized accounting system
MBA in Finance Managements during 3 Years
Bachelor’s in Commerce , Accounting Major
