Group CFO
Al Hamra Group
Total des années d'expérience :33 years, 1 Mois
1- Concorde Holding:
From Jan 1st 2010 till Feb, 2013
Mikuba mining ( gold mining in Congo)
Icoge (retail/ trading centers in Ivory cost)
Nuru ( FMCG Trade in Kinshasa)
Concorde investment(mobiles trade, industrial pipes manufacturing and FMCG trade in Dubai)
•Planning and supervising work progress for the departments falling under my supervision, propose the department’s strategy, report to management, and oversee its implementation as approved by management.
• Budgeting, planning and forecasting
• Profitability analysis and spending control
• Managing company investment on sales
• Periodical reports to Fresenius Medical care Germany - Corporate Finance head office with analysis of Key Performance Indicators (ROI, RI, EVA, OI, Turnover-Days).
•Ensures accuracy of accounting data and recorded in compliance with generally accepted accounting principles.
• Review aging of rec.& pay.
• Inventory management according to batch and serial.
•Assisting in the development and implementing goals, policies, priorities and procedure regarding financial management, budgets, accounting and payroll.
• Directing the maintenance of general & subsidiary ledgers, also providing details on incoming, costs assets and liabilities of each investment activity line or business area and ensuring information for off balance sheet items.
• Supervising and participating in the preparation of financial statements and reports
• Directing installation and maintenance of accounting records to show the liabilities and income expenses.
• Maintaining a chart for the accounts.
• Preparing budget for the department.
• Signing various documents and records, which I was authorized to sign.
• Supervising and guiding the training to and accounting staff.
• Reviewing the appraisal of subordinate staff.
• Evaluation of foreign currencies assets & liabilities and marketable securities.
• Ensuring accurate booking of accruals, provisions, prepayment and other entries for periodic and annual accounts closing.
• Arranging regular account reconciliation with banks and counter-parties
• Assisting matters such as accounting policies, budgets financial statements etc..
Lay down the financial policies and ensure the integrity of accounting transactions in accordance with the international accounting standards, controlling through advanced automized program.
• Maintain the bank financial dues by mean of providing an accounting system that reflect the financial position, several operations costing and performance of responsability centers (profit/cost)
• Study, analyze, manage and process general financial accounts of the bank
• Control over the financial resources and expenses
• Ensure relevant financial & statutory reports are produced accurately and timely
• Lay down the financial reports (annual balance sheet, income statements, capital expenses, auditing financial statements)
• Continuously controlling the cash flows
• Ensures accuracy of accounting data and recorded in compliance with generally accepted accounting principles.
Responsible for all company activities (about 600 employees of different cultures)supervising operation manager, research & development manager, 3 accountants, 5 cashiers, 1 controller, 2 purchasing employees, 1 social security employee, 1 storekeeper.
• supervision of accounting & computer department, to ensure accuracy of accounting data and recorded in compliance with generally accepted accounting principles
• Putting procedure of work & implemetation.
• Putting budget and cash flow for the center.
• Following up variances if occurred, and try to analyse reason.
• Bank & cash reconciliation.
• Approving journal, payment and cash receipt vouchers ensuring that the supporting evidence justifies raising the transaction.
• Preparing all reports for the Board Of Directors meetings
• Follow up all governmental & national health funds issues.
Planning and supervising work progress, Propose the department’s strategy, report to management, and oversee its implementation as approved by management.Doctors contracts follow up and evaluation .
• Ensure relevant financial & statutory reports are produced accurately and timely
• Lay down the financial reports (annual balance sheet, income statements, capital expenses, auditing financial statements) - Continuously controlling the cash flows and ensuring accuracy of accounting data and recorded in compliance with generally accepted accounting principles.
• Responsible for accounting and computer department to ensure high automization and control.
• Controlling all company activities according to a defined business plan,
• L/C’s follow up.
• Product costing.
• Financial statements, cash flow & budget.
• Maintaining a working relationship and developing additional relationships with financial institutions with the aim of securing the funds necessary for the operations of the Company, the attainment of its development plans and its investments.
• All suppliers & customers follow up (credit limits & bills), review aging of rec. and pay.
•analysis of Key Performance Indicators (ROI, RI, EVA, OI, Turnover- Days)..
• Personnel follow up.
• All governmental reports concerning taxation (income tax…)
• Social security and national health funds follow up.
• Financial control for all accounting department
• Maintaining a working relationship and developing additional relationships with financial institutions with the aim of securing the funds necessary for the operations of the Company, the attainment of its development plans and its investments
• All suppliers’ relations(orders and payment schedule)
• Government relations ( social security & income tax…)
• Misc. financial jobs (L/C’s, all bank deals)
• Administrative jobs (personnel management, human resources development, insurance, maintenance contracts, orders shipment, implementation of government rules and regulations) budgeting preparation & forecast.
• Financial reports & analysis
• Payments, expenses, receipts.
• Customer’s statements study (credit collection control)
• Inventory control, including product storage.
• Pricing (cost analysis, price structure, index, mark up)
• Accounting JVs
• Computer software & hardware follow up (programs, reports…)
• Reconciliation’s.
Financial controller of all transaction, working under IBM “AS 400” mini computer, responsible for cash collection situation, distributment of cash (input & output) to all banks keeping track of financial mass, through a computerized cash flow, helping in putting budgets and sales forecasts using in this the operational research of previous years to arrive at the ultimate figures of sales, expenses and the optimized batch size, reporting directly to financial manager.