Financial Controller
saint-gobain
Total years of experience :19 years, 6 Months
Leads Financial Planning & Control processes to achieve budgeted financial results and optimum return on investments
Uses accounting/ manufacturing knowledge to impact profit via cost savings/waste reduction/business building ideas and support category growth objectives by optimizing capacity, responsiveness and customer service.
Delivers top and bottom line objectives while meeting corporate/tax/legal/accounting and internal controls requirements. Provides high quality data to customers in & outside the plant.
Act as leader of the category by identifying issues and putting in place to fix the issues on a long term basis. Acts proactively and highlights to management any opportunity areas on the cost front.
Directly Reporting to Country Manager for Egypt, Country Director UAE, also reporting on coordinated basis to Regional EMEA Finance Director & Regional VP Planning EMEA.
Partial responsibility for preparation of monthly financial reports and other financial information in a timely and accurate manner in accordance the Company’s requirements
To take part in regular reviews and provide business support to the Country Manager(s) and Executive Management Team including the analysis of financial information for recommendations for further improvement
Implement and ensure appropriate financial and internal controls in compliance with Company Policies and procedure
Leading the Finance Departments of Egypt and UAE(8 Team members); activities including treasury function management, coordination of centralized finance/cash flow reporting so as funds allocation and financial information needs are fulfilled overlooking an operations with annual Turnover worth USD 1.0 B
Manage the finance team by providing leadership, encouraging teamwork & continuous improvement to achieve high performance standards in the execution of financial tasks and responsibilities ensuring continuous monitoring and appraisal of performance and the provision of guidance and expertise as required..
Maintain and foster local banking relationships including negotiating favorable local currency terms and facilities and foreign currency facilities ensuring that the activities are carried out within reasonable timeframes and to optimizes CEMEX Egypt’s funds allocation
Economic assessment by country and industry, competitors’ analysis, financial valuation of the targets, deal structure, due diligence & post merger integration
Budget Management, Financial projections and capital expenditures management
Managing & developing Key Performance Indicators for company functions and businesses
GENERAL SUMMARY OF JOB:
Responsible for coordinating different functions related to Treasury, and Finance in addition to supporting the Finance Director in achieving financial goals set by the regional office and ensures the adherence to the set policies and procedures by the Corporate Compliance Department.
JOB DUTIES & RESPONSIBILITIES:
•Supervise different treasury activities including cash flow management, processing payables and daily reporting so as funds are available and optimally allocated to fulfill CEMEX financial obligations.
•Administrate and participate in the negotiations/management of all different local financing instruments in coordination with regional Finance Dept.
•Oversee and guide the implementation and abidance to financial processes, procedures and methods.
•Maintain and foster local banking relationships including negotiating favourable local currency terms and facilities and foreign currency facilities ensuring that the activities are carried out within reasonable timeframes and to optimize CEMEX Egypt’s funds allocation.
•Review and authorize transactions reported on Finance Kit
•Monthly reporting to regional and corporate offices (consolidated cash flow forecast and cash budgets for different companies in the group)
•Responsible of preparing and monitoring annual departmental budget.
GENERAL SUMMARY OF JOB:
To coordinate and facilitate the smooth operations of the Finance and Treasury function.
JOB DUTIES & RESPONSIBILITIES:
•Liquidity Management.
•Working Capital Management.
•Bank Relationship Management.
•Investment Management.
•Debt management and Corporate Finance.
•Risk Management.
•Preparing Feasibility studies for new strategic investments.
•Financial & economic reporting to region & head-quarters.
•Financial planning and cash flow projections.
•Negotiating facility agreements, cash management and working capital solutions with banks.
•Guiding the implementation and abidance to financial processes, policies, and methods.
•Industry analysis.
•Implementation and management of all the financial systems.
•Daily Financial Obligations follow-up and support on a timely manner.
•Reporting financial information on a daily basis using the treasury systems to the corporate office.
•Attending the requests of the company for any vehicles, medical, life and insurance claims or reporting.
•Daily monitoring of cash disbursements and inflows from our bank accounts.
•Analysis of daily financial expenses.
•Documentation and norm process to meet the global standards of CEMEX.
•Working closely and on a daily basis with procurement and sales to improve DSO and WC.
•Working on the daily cash forecasts with procurement and comptrollership to assure the availability of necessary funds to for our daily operational disbursements.
•Working on the weekly cash forecasts to be reported to the corporate office
•Working on the monthly reports to highlight the Actual vs Budget (Collections, Disbursements…etc)
•Reporting the month end Financial Expenses summary.
•Consolidation of monthly Financial data to be reported to the corporate office
•Back up for Treasury Manager in vacations or business trips which insures that the department would function normally in the absence of the treasury manager.
•Began the process of formulating a new budget within the framework of the financial plan; outline a revenue first approach to structuring the budget; address expense-related issues once a clear understanding of projected revenue has been established.
•Projecting the Financial Budget for the Corporations Different Divisions ( Contracting, Trading, Factories & Manufacturing) for Every Financial Year
•Provide guidance to and answer questions of Chairman & CFO on key strategic issues; identify opportunities to reduce operational costs and increase revenue as means to give flexibility to existing financial plans; understand budgetary Techniques that will allow for creativity and innovation
•Attend and Participate in Monthly Budget Hearings to understand the nature and scope of budget requests, answer questions and recommend answers.
•Responsible for developing and maintaining project budgets and actual expenditures for various Construction and Manufacturing Activities in line with the on going Financial Targets.
•Assist in the development and implementation of long- and short-term financial plans in accordance with the direction established by the Chairman and CFO
•Analyze and develop a comprehensive understanding of the Corporation current budget, as well as short- and long-term financial plans; make recommendations regarding the budgetary advisability of proposed actions and their financial implications
•Preparation of the Monthly, Quarterly, Semi-Annual & Annual Profit / Loss Accounts for All Divisions.
•Prepare and present budget information (Actual VS Budget) every financial quarter to support the Finance Committee, as well as the Chairman.
•Define and improve the budgetary and financial reporting processes and systems used by departmental financial staffs.
•Assist in the Costing & Pricing Techniques by Providing the Exact and Updated Figures of Overhead Expenses.
•Assisting the CFO in preparation of the Cash flow as well analysis of the Balance Sheet
Education Bachelor of Arts, The American University in Cairo, February 2003. Major: Economics Minor: Accounting GPA: 3.29 Coursework included Feasibility Study, Project Evaluation, Money and Banking, Business Budgeting, Public Finance, Economics of Egypt, Advanced Cost Accounting, Intermediate Accounting, Basic Accounting, Cost Accounting, Advanced Cost Accounting, Accounting for partnerships, Comparative Economic systems, Agricultural Economics, Economic Development, History of Economic thought, Macro Economic theory, Micro Economic theory, Applied statistics, Applied Calculus, Managerial Finance, Foreign Trade, European Economic History, Economic Planning, Statistics for Economics, Calculus for Economics