Deputy of Financial Director
Americana Egypt - Egyptian Starch & Glucose Manufacturing Co
Total years of experience :23 years, 7 Months
*Creating, implementing, and managing the processes necessary to ensure timely and accurate financial reporting
*Leading and developing the finance department
* Researching and reporting on factors influencing business performance
* Supervise Accounts Receivable and Accounts Payable Monitors and interprets cash flows and predicts future trends
* Managing Fixed Asset, Depreciations
* Preparing, Managing Budget, preparing variance reports and its reasons and Costing model
* Preparing financial statements ( balance sheet, income statement, cash flow)
* Preparing financial reports analysis such as (trend analysis, profitability analysis, liquidity analysis, effectiveness Management analysis
* Preparing capital budget, sensitivity analysis, scenario analysis
* Handle reporting taxes and dealing with taxation authorities
* Keeping aware of change financial regulation and legislations
* Responds to inquiries from Top Management regarding financial results, special reporting requests
* Ensures accounting policies and procedures are implemented and in compliance with the overall company policies
* Plan, coordinate and direct the activities of the Accounting Team which is consist of 20 accountants
•Maintain a documented system of accounting policies and procedures
•Manage outsourced functions
•Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
•forecast cash flow positions, related borrowing needs, and available funds for investment
•Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
•Maintain banking relationships
•Assist in determining the company's proper capital structure
•Arrange for equity and debt financing
•Invest funds
•Manage the preparation of the company's budget
•Report to management on variances from the established budget, and the reasons for those variances
•Assist management in the formulation of its overall strategic direction
preparing the quarterly consolidated financial statements.
* Preparing financial feasibility study
* Prepares a quarterly ratio analysis for Financial Statements.
* preparing the business plan and budgeted financial statements.
* Analyzes the capital expenditures on a quarterly basis.
* Prepares the monthly sales analysis reports compared with the budget and last year results.
* Makes the monthly update of actual versus budget production schedules for
* Responsible for the management of cash flow, inter company reconciliations, fixed assets management, as well as review all daily, weekly, & monthly reports and forecasts.
* To analyze, prepare & supply the financial management with all accounting & financial reporting, analysis of Expenses, initiating corrective measures & monitoring revenues at cost parameters
* researches & interprets the impact of the organizational changes & their relationship to the financial & performance reporting structures Utilize PC & mainframe based on systems & software;
* compiles & prepares reports, graphs & charts of data developed Prepares various financial models Coordinates with Managers to identify and quantify opportunities for revenue enhancement and/or expense reduction Assist Finance Controller with various other duties as assigned.
•Directs accountants and makes sure they have prepared accounting entries and deported, according to the accounting system on daily basis
•Preparing Financial Statement, Cash flow, Profit & Loss.
•Preparing monthly, quarterly and annual financial analysis report
• preparation of annual budget, forecasts and estimates - Monitor and report variances against budget
•Ensure general ledger, subsidiary ledgers, other financial records and schedules are accurately maintained
•Preparing financial feasibility study(capital budget)
•Evaluating Client ‘s financial position And performance
•BEP Analysis & CVP Analysis
•Sensitivity analysis& scenario analysis
•Following up bank statements reconciliation, relationships with banks
• Managing , Following up accounts payable, receivable
•اHandle reporting taxes and dealing with authorities
• Coordinating yearly financial audit (with appointed audit firm)
•Preparing overheads cost allocation on projects
•Coordinates monthly, quarterly, and annual closing activities
•Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results,
•Provide training to new and existing staff as needed
•Assists in preparing the quarterly consolidated financial statements.
•Preparing financial feasibility study
•Preparing flexible budgets
•Prepares a quarterly ratio analysis for Dar Al Fouad Financial Statements.
•Assists in preparing the business plan and budgeted financial statements.
•Prepares the Monthly assist in preparing the quarterly and annual operations review.
•Analyzes the capital expenditures for Dar Al Fouad on a quarterly basis.
•Prepares the monthly income statements for Dar Al Fouad of companies.
•Prepares the monthly sales analysis reports compared with the budget and last year results.
•Makes the monthly update of actual versus budget production schedules for
•Responsible for the management of cash flow, inter company reconciliations, fixed assets management, as well as review all daily, weekly, & monthly reports and forecasts.
•To analyze, prepare & supply the financial management with all accounting & financial reporting, analysis of Expenses, initiating corrective measures & monitoring revenues at cost parameters
• researches & interprets the impact of the organizational changes & their relationship to the financial & performance reporting structures Utilize PC & mainframe based on systems & software;
•compiles & prepares reports, graphs & charts of data developed Prepares various financial models Coordinates with Managers to identify and quantify opportunities for revenue enhancement and/or expense reduction Assist Finance Controller with various other duties as assigned.
•Preparing monthly bank reconciliation
•Preparing daily cash statement (delineating cash balances in our banks
•Daily cash management (Cash in& cash out forecast )
•Preparing realized gain(or)loss from FOREX.
•Review Calculated Bank interest and bank Charges.
•Recording system G/L entries
•Preparing general journals entries for data to be processed into the system.
•Answering management team queries regarding accounting information.
• Following up Clearance of cash imprest.
• Preparing Monthly Accrued Expenses
• Preparing Monthly analysis for company expenses (overhead, general &admin Expenses &Sales Expenses)
• Attendance of annually and interim auditing and tax inspection.
• Participating in preparing Balance sheet and income Statement.
•Preparing income statement and balance sheet ratios.
•Participate in Reconcile balance sheet accounts on a monthly basis.
•Definition of cost centers proper with difference accounts
•Preparing monthly cash flow statement
•Preparing adjustments& closing entries
•Calculating interest of loans & deposits, preparing required entries
•Maintain the financial system applications by monitoring the accounting setting in the computerized system, reconcile all modules with the General Ledger, and extract different financial reports to ensure integrated financial data. -
•Manage the accounting of Payables (AP) and Receivables (AR)
•. preparing budgets of the hospital and preparing monthly financial report analysis deviations
•Plan, coordinate and direct the activities of the Accounting Team which is consist of 12 accountants
•Reviewing vendors’ contracts to check prices and payment terms & conditions.
•Reviewing purchase orders ( according company requisition policy)
•Receiving inspection & receiving report from factory
•Match receiving report with invoice / preparing system invoices
•Issuing vendors checks on its due date
•Making payment apply to its proper invoice ( for local and foreign vendors)
•Preparing post dated invoice report(weekly)
•Planning tax withholds sheets and reviewing tax forms to be submitted to Tax
•Closing down accounts payable system at the end of each month and
•Reviewing the balance sheet accounts prior to closing.
•Preparing and checking payable reports required by the company and the regional office management team.
•Following up the L/Cs and imported material costing.
•Inventory control (per item for sub Ledger and Account in G/L)
•Closing down accounts payable system at the year end and reviewing the balance sheet accounts prior to closing.
CMA Holder, MIBA, Ph.D Candidate