Wasif George, CFO

Wasif George

CFO

BIssma Agro Inc.

Location
Canada
Education
Bachelor's degree, Business Studies
Experience
37 years, 4 Months

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Work Experience

Total years of experience :37 years, 4 Months

CFO at BIssma Agro Inc.
  • Canada
  • My current job since June 2012

Overseeing the financial activities and function in Africa, Asia and North America. This involve Risk management, International taxation, Consolidation, Budgeting, Planning and Internal Controls.

Finance & Admin Manager at ALMANA & PARTNERS
  • Qatar - Doha
  • May 2010 to May 2012

ALMANA & PARTNERS - QATAR 2010- 2012

Sole distributor for Unilever, Friesland, Konica Minolta, Philips, Whirlpool, Frigidaire and other international brands.
The Group business solution division holds gold partnership with Microsoft and other well-known ERPs.

Manager, Finance and Administration
Reporting to Managing Director.

• Spearheaded the implementation of MICROSOFT NAVISION. The leadership scope of the project includes data
migration, master files structure and report validation.
• Consolidated the banking relationship from seven to three banks. Convert banking facilities from local
currency to US Dollars leveraging lower LIBOR lending rate.
• Streamlined, standardize and automate the Clearing and Forwarding processes. The objective is to reduce the demurrage cost, increase fulfillment rate and warehouses space.
• Produced and present monthly, quarterly and audit annual financial reports to the Managing Director, Business
Unit Managers and Board of Directors.
• Managed the entire budget preparation cycle for all the business units and service centers. Update the budget
quarterly through forecasting. Develop Balance Score Cards and KPIs to attain the approved budget.
• Provided timely and accurate analysis of actual versus budget, financial reports and financial trends to facilitate senior management decision-making process.
• Monitored closely the Working Capital Days and pursue action plan to minimize the cash conversion cycle to attain low provisions, improve liquidity and reduce facilities utilization.

Financial Controller at DAL GROUP
  • Sudan - Khartoum
  • February 2006 to April 2010

DAL GROUP - SUDAN 2006-2010
DAL Group has division in consumer, industrial, agricultural and property development. The Group bottle
Coca Cola and owns Caterpillar, Benz, KIA, Mitsubishi dealerships and other international brand names.

Controller-Engineering Division.
Reporting to Managing Director.

• Adopted the IFRS cross all the Business Units with special focus on Inventory valuation, foreign currency and provisions accounting standards.
• Confirmed all external reporting and compliance obligations are fulfilled in line with the local statutory
regulations and by laws.
• Established controls, procedures and policies. Ongoing testing the effectiveness of financial controls and ensure they are in compliance with the Group Policies and Procedures.
• Teamed up with the Business Unit Managers to shift the invoice processing cycle from On shore to the free
zone for an effective tax planning.
• Determined and manage the appropriate mix of equity and debt. Stepped up to the challenge of maintaining
positive cash flow during the country liquidity crunch.
• Prepared operating budget and develop key performance measurements/indicators. Analyze business
performance and advice functional managers on any potential risk.
1
WASIF S.GEORGE, BA, CMA, CIA

Regional Financial Controller at SODEXHO INTERNATIONA FZE- UAE
  • United Arab Emirates - Dubai
  • July 2004 to January 2006

SODEXHO INTERNATIONA FZE- UAE 2004-2006

Sodexho is world leader in providing food and management services to companies, public agencies and institution and health care establishment with focused strategy on remote sites.

Regional Financial Controller.
Reporting to East Zone Vice President

• Direct and manage business planning, accounting and controls, financial analysis, consolidation and overall financial affairs for the 13 countries (6 Developed 7 emerging) under the East Zone.
• Spearheaded the adoption and the conversion to IFRS for the 13 countries. Met all the strict
deadlines as set by HO at Paris and the stock markets.
• Coordinated the SOX internal controls documentation for the eligible countries. Compiled all the testing reports and risk matrix in line with SOX procedures.
• Provided analysis and counsel to country managers and the Zone President on managing the business Joint Venture agreements.
• Mitigated any international tax exposure in any country through proper consultation with the external auditors and local tax authorities.
• Teamed up with Paris business leaders and the sales organization. Developed financial strategies and plans to support growth, expand market share, and achieve strong operating and financial
performance within the entire Zone.
• Earned the reputation as a strong business partner for strategy, operations, and finance with senior
management and peers.

Finance Manager at IATCO
  • Saudi Arabia - Jeddah
  • April 2000 to June 2004

IATCO Group - Saudi Arabia 2000-2004
FMCG, trading and manufacturing company of leading household brand names such as Procter & Gamble,
Quaker, Felix and Clorox. The Group owns two manufacturing plants joint venture with P&G.

Finance Manager
Reporting to Board of Directors

• Developed with external consultant's formal comprehensive business model risk analysis, which
identified key threats to the Group.
• Engineered and streamlined the Retail Van Operation processes, involved in the implementation and automation of Hand Held technology.
• Implemented Activity Value Analysis methodology, which gave a better insight to the non- value
costs embedded within accounting processes.
• Set up Internal Control department aimed to provide independent, objective assurance and consulting services
• Directed sales team of P&G on the marketing budget for promotion programs aimed to gain target
visibility, space floor and discourage counterfeits.
• Developed and introduced corporate governance guidelines to ensure family business continuity and developed Shareholder Agreement Family Constitution and Protocol.


2
WASIF S.GEORGE, BA, CMA, CIA

Senior Financial Analyst - Distribution Solution Business Unit at IBM Canada Ltd
  • Canada
  • February 1995 to March 2000

IBM Canada Ltd. 1995-2000
The world's largest information technology company, Hardware and IT services provider. IBM provides comprehensive
IT solution to all diverse segment of the Canadian market.

Senior Financial Analyst - Distribution Solution Business Unit
Reporting to Finance and Planning Manager

• Implemented Distribution Industry performance analysis for non-managed business. The project shifted
resources from conventional to the growing sub industries.
• Drove the reduction of the revenue forecast volatility by enriching the communication lines between the
Industry Client Manager and the Business Unit Managers.
• Analyzed and control the Incentive Compensation Programs for the Client Manager Team members. Ensured
that all payments comply with IBM policy.
• Designed and implement IBM Accounting Practice 25 system for PC Service Partner a wholly owned subsidiary by IBM Canada.
• Introduced inventory weekly cycle count. This imposed tight controls over asset and improved inventory
records integrity.

Commercial Manager at Unilever Lipton Tea - Saudi Arabia
  • Saudi Arabia - Riyadh
  • December 1986 to January 1995

Unilever Lipton Tea - Saudi Arabia 1986-1995

Owned by Unilever PLC, the manufacturing plant is fully automated with seven sophisticated Constanta packing
machines and revenue more than $150M.

Commercial Manager-Plant
Reporting to Financial Group Overseas-UK

• Focused on increasing revenues, volumes, market share and profitability by exporting to neighboring Gulf
countries. Overall, the region revenue was lifted by $ 22M.
• Reported business planning, forecasting, budgeting, and consolidation for all the plant financial information to
Unilever House in UK.
• Migrated the manual standard costing into MFG Pro manufacturing system and integrated the same with Sun
accounting system.
• Implemented a Flash Report information system showing results in seven different dimensions. The report
reflects consolidated daily sales by region, representative, and customer.
• Involved in the price and payment term negotiation for both the imported and local materials. This contributed in product cost saving and working capital reduction.

Education

Bachelor's degree, Business Studies
  • at Sudan University
  • June 1979

• Certified Internal Auditor- USA • CPA- Australia. • Certified Management Accountant-Canada • International Financial Reporting Standards Certificate • Bachelor of Business Studies - Sudan University ( Assessed by Comparative Education Service UOT as equivalent to Canadian Bachelor Degree) ERP KNOWLEGE • MS Office (Power Point, Word, Excel, Outlook) • MS NAVISION DYNAMICS. • MS GREAT PLAIN DYNAMICS. • SAP SUPPLY CHAIN MODULE. • ORACLE FINANCIAL. • HYPERION Business Intelligence. • SAGE 500. • AUTOMASTER. • AccPac.

Specialties & Skills

Financial Sales
Vendor Managed Inventory
Financial Accounting
Inventory Valuation
Financial Forecasting
ACCOUNTING
BUDGETING
DAILY SALES
FINANCE
FORECASTING
INVENTORY
MFG PRO

Languages

Arabic
Expert

Memberships

CPA Canada
  • Certified Management Accountant
  • August 1997

Training and Certifications

Exposure to International Accounting Standard (Training)
Training Institute:
IFRS
Date Attended:
January 2012