Walid Adel, Country Finance & Admin Manager

Walid Adel

Country Finance & Admin Manager

Inchcape Shipping Services (ISS)

Location
Saudi Arabia - Jeddah
Education
Master's degree, MBA - Finance
Experience
26 years, 5 months

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Work Experience

Total years of experience :26 years, 5 months

Country Finance & Admin Manager at Inchcape Shipping Services (ISS)
  • Saudi Arabia - Jeddah
  • My current job since March 2012

Inchcape Shipping Services (ISS) is one of the world’s leading maritime services providers, providing global strategic maritime, cargo and supply chain solutions.

Covering every key port worldwide, ISS has over 290 offices in 67 countries and employs some 3, 700 people, with Head Office in UK.

Specialties: Marine Services, ERP Services, Cargo Services, Government Services, Outsourcing Services, Machinery Services

Responsible for direct and control of all Finance & Accounting functions for the country thus ensuring accurate and efficient accounting services provided to all the departments, including payables, receivables, overheads expenses, yearly budget preparation for the location, and settlement, bookkeeping, debtors and credit management, reporting monthly results to GM, provides financial decision-making information by gathering and analyzing financial information; developing projections and alternatives.

I was also involved strict compliance in ensuring Financial & HR Management guidelines set up by the company and to adhere the QMS (Quality Management Science) in relation to financial matters and consistent in all operational, financial & HR activities, monitoring the required operational excellence in Finance & Admin Department for all offices in Saudi Arabia.

Finance Manager at Speed P&G
  • Egypt - Alexandria
  • July 2010 to January 2012

SPEED Group is P&G (Procter & Gamble) main distributor in Egypt besides CocaCola, Mobinil, Doux amongst others and is specialized in Supply Chain, Manipulation, Logistics & Distribution. Annual Turnover exceeds EGP 1.4 Billion.
• Designation - Group Financial Manager
- Organize and direct financial systems across business units and supervise consolidated financial planning and reporting.
- Participate in formulating and executing regional business strategy and monitor the implementation of branches and functional action plans.
- Proactively advise and support the Group MD on all financial matters including on business performance, risk management, opportunities to enhance the organizations performance, and on decision making issues.
- Provide timely and accurate analysis of budgets, financial reports, and financial trends in order to assist the Group MD and Functional Managers in making business decisions.
- Develop, enhance, implement, and enforce corporate governance policies and procedures of the company.
- Develop, coordinate, and evaluate the financial programs and supporting information systems of the company including: budgeting, treasury and tax, controlling and reporting, financial reporting, and appraisal of business development proposals.

Deputy Financial Manager at Lecico Group
  • Egypt - Alexandria
  • December 2006 to June 2010

- Acting as the Financial Controller for overseas subsidiaries and hence ensuring the finance functions in overseas offices are managed properly and that London & Egypt Stock Exchange regulations are applied properly and requests are submitted and replied on time.
- Responsible for directly supervising company financial controllers as well as supervising the accounting, warehouse & payment controllers' team & functions.
- Responsible for maintaining an up to date company policies & procedures manual and revising the work flow process.
- Ensure financials are prepared upon IFRS and local Egyptian GAAP.
- Ensure efficient day-to-day accounting & financial operations.
- Ensure strong internal control system to help safeguard the assets of the company.
- Assist staff to improve their performance, communication & professional skills and determine their training needs.
- To ensure the financial books are closed properly & trial balance are issued on time.
- Ensure true cooperation between staff and external auditors.
- Liaise internally with the FM & CFO to develop business critical reports & analysis and externally with the Company’ external partners.

Finance & Administration Manager at United States Agency for International Development (USAID)
  • Egypt - Alexandria
  • January 2005 to November 2006

- Maintain general ledger, including preparing journal entries, coding invoices, accounts analysis and reconciliation, closing books monthly & setting up new accounts.
- Prepare monthly cash needs projections in collaboration with the Gov. Chief of Party and other Managers and Coordinators.
- Perform day to day implementation of all accounting transactions to meet the office operational expenses needs and the ERP technical requirements.
- Preparing payroll worksheets for Human Resources Manager in the Head Quarters, including record-keeping, processing pay checks, computing government tax and social insurance liabilities.
- Overseeing accounts receivables collection from individual and /or institutions, reconciling customer accounts.
- Initiating modifications/ enhancements to computerized systems for accounting and management data.
- Assisting outside auditors at year end, including preparation of schedules, invoices, and explaining supporting materials and procedures.
- Prepare monthly financial statements to include preparing monthly balance sheet, income statement, report on changes in financial position/ budget variances.

Finance & Administration Officer at British Council
  • Egypt - Alexandria
  • March 2003 to January 2005

• Delivering agreed financial services (recording, cash management, reconciliation and reporting) to internal customers to enable managers to manage budgets effectively and to enable all staff to fulfil their client and customer financial needs/requirements.
• Recording and banking cash and cheques daily, and ensuring that all payments are received and recorded as per Essential Finance.
• Preparing local staff payroll accurately within agreed deadlines.
• Update local finance records accurately.
• Listening to customers (face-to-face and on the telephone), clarify their needs, identify and offer relevant British Council public services that fulfil those needs.
• Delivering information/registration services one day per week to internal and external customers to defined quality standards in order to meet customer needs and British Council corporate objectives.
• Delivering agreed records management services for all records (not only financial) to internal customers to defined quality standards, in order to meet customer needs and enable the British Council to meet its corporate objectives.
• Making effective use of appropriate technologies in the delivery of services and/or products which enable the Council’s reputation as a cutting-edge service provider.
• Making updated professionally in order to provide a service that is in line with current legislation, best practice and agreed quality standards.
• Member of the British Council’s Global Finance Team.
• Member of the British Council’s Simplification Team for Risk Management.
• Attended several meetings for discussing the British Council Strategy 2010 and discussing our new vision and policy.
• Short listed for the British Chevening Scholarship for the Year2003
• Recording financial transactions through “SUN” Financial System & well trained for using the New Finance and Business System “FABS”.

Banker at Misr Exterior Bank
  • Egypt - Alexandria
  • November 1998 to March 2003

CUSTOMER SERVICE EXECUTIVE
RETAIL BANKING
CORPORATE BANKING
RELATIONSHIP OFFICER
VISA
CREDIT

Assistant General Manager at Ragab Export & Import Company
  • Egypt - Alexandria
  • September 1997 to November 1998

• Responsible for promotion outside Egypt in order to diversify sources of suppliers, thus increase global competition.
• Responsible for all correspondences between the company & different suppliers.
• Negotiated with both local customers & int'l suppliers.
• Asked for inquiries & prepared orders.
• Prepared for local tenders.
• Experienced in the registration procedures for ready made medicines.
• Experienced in preparing Letter of Credit (L/C).
• Studied the agency agreement letters, distribution agreement & contracts.
• Responsible for calculating & setting commissions.
• Attended training courses concerning kinds of Chemicals, plastic industries, Pharmaceutical Raw materials, Solvents, PET Rigid Films - Bottle grades, Conveyer Belts applications, Kinds of Papers, Synthetic Rubber, Polyefins, Textiles, ….etc.

Education

Master's degree, MBA - Finance
  • at Arab Academy for Science & Technology (AAST)
  • June 2006
Diploma, Marketing & Salesmanship
  • at Arab Academy for Science & Technology (AAST)
  • May 2002
Bachelor's degree, Accounting
  • at Alexandria University
  • June 1997
High school or equivalent, Math & Science
  • at ElNasr Boys School (EBS)
  • June 1993

Specialties & Skills

Administration
Financial Analysis
Financials
Financial Management
Budget Management

Languages

English
Expert
Arabic
Expert
French
Intermediate

Memberships

IMA (Institute Management of Accountants)
  • Receive updates for Finance / Accounting related issues. Help for providing materials for CMA exams.
  • January 2010

Training and Certifications

Leadership and Management Training course (Training)
Training Institute:
Institute of Leadership & Management (ILM) UK
Date Attended:
July 2012
Corporate Compliance & Ethics Awarness & Refresher Trainings (Training)
Training Institute:
ISS Marine Academy
Date Attended:
November 2012