Ahmed Ashhap CMA

CFO at Pack N MOVE

• Kuwait - Al Kuwait
• My current job since May 2021

Group Finance Director at Pack N Move

• Kuwait - Al Kuwait
• My current job since May 2021

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Finance Manager at Acico industries

• Kuwait - Al Kuwait
• December 2018 to May 2021

 Performing company budget and with conformance with group budgetary planning
 Ensure that all of the company's financial practices are in line in statutory regulations and legislation
 Analyze the financial climate and market trends to assist senior executives in creating strategic plans for the future
 Provide financial Interpretation and analysis regularly and as needed
 Monitor cash flow, accounts, and all financial transactions
 Prepare official reports on a monthly and annual basis
 Seek out methods and practices to minimize financial risk
 Liaise with auditing services to ensure financial controls is up-to-date
 Create and maintain relationships with service providers and contractors, including banking institutions, auditors, &…etc.
 Update and implement financial policies and procedures
 Maintain a policy manual for the finance department
 Establish and implement a training program for new finance employees.

Financial Manager at Orient paints and chemicals

• Egypt - Cairo
• July 2016 to November 2018

 Monitor and direct the implementation of strategic business plans
 Manage the capital request and budgeting processes
 Develop performance measures that support the company's strategic direction
 Participate in key decisions as a member of the executive management team
 Manage the accounting, investor relations, legal, tax, and treasury departments
 Oversee the company's transaction processing systems
 Implement operational best practices
 Report financial results to the board of directors
 Mitigation of risk elements of the company
 Construct and monitor reliable control systems
 Maintain appropriate insurance coverage
 Ensure compliance with all legal and regulatory requirements
 Ensure that record keeping meets the requirements of auditors and gov. agencies
 Liaise with external auditors and investigate their findings and recommendations
 Monitoring cash balances and cash forecasts
 Arranging the debt and equity financing

Financial Manager at Shabana Group

• Egypt - Cairo
• December 2014 to June 2016

 Provide support to Operations group, through information analysis
 Assist operating team in the monthly operations Review, identification of areas for cost reductions and operational improvements, annual budget process, periodic forecasting, and periodic analysis of operation performance
 Maintain a documented system of accounting policies and procedures
 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
 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
 Engage in ongoing cost reduction analyses in all areas of the company
 Conducting feasibility studies for any projected investment
 Engage in benchmarking studies to establish areas of potential operational improvement
 Interpret the company's financial results to MGMT and improvement recommendations
 Compile key business metrics and report on them to management
 Developing and managing financial system
 Ensuring compliance with applicable laws and procedures

Reporting and Budgeting Manager at Jotun Paints

• Egypt - Cairo
• December 2012 to December 2014

 Preparing all historical financial statements including Income statement, balance sheet, cash flow on monthly, tertiary, and annually basis
 Preparing progressive reports of financial statement of income statement, balance sheet, cash flow to monitor consistency of financial figures.
 Preparing financial statement KPIs
 Preparing monthly and annual financial comments to financial figures showing the current status compared to budget last year's performance in addition to country political and economic situation and showing the action plan for improvement and reporting it to region and corporate
 Preparing budgetary figures including sales, operational, financial, and investment plan
 Preparing quarter forecast showing expected change on budget
 Preparing financial strategic figures for minimum three years
 Responsible for Hyperion Financial Management for actual, budget, & strategic figures
 Preparing business review reports including all data for the past, current, and futures years in addition to the SWOT comments to the figures
 Preparing all feasibility studies e.g. headquarter, new machinery, and new plant
 Preparing any occasional ad-hoc reports
 Super user for finance part is ERP solution, providing training and liaising with concerned persons in corporate to align with policy or getting the latest updates on the ERP system
 Coordination with all financial statements stakeholders e.g. employee, region, board members & corporate

Accounts Payabale and Costing Manager at Jotun Paints

• Egypt - Cairo
• November 2010 to December 2012

 Supervision for all duties related to costing figures
 Supervision for all duties related to Payable invoicing & payments.
 Reconciliation with Inter-company parties for accounts payable & accounts receivable on monthly basis via Hyperion Financial Management reports

Costing Supervisor at Jotun Paints

• Egypt - Cairo
• April 2006 to November 2010

 Maintaining Material cost of sales calculation monthly comparing cost of goods sold in books with
Cost of goods sold in the perpetual ERP system.
 Preparing cost cards showing all shipments details costs" invoice amount in foreign currency, invoice number, item code, quantity, & clearance amount.
 Preparing study for inventory provision according to Jotun standard policy to build provision for nonmoving items, slow moving items
 Maintaining Periodic physical count to adjust perpetual inventory records.
 Monthly reconciliation with custom authorities and custom clearance agencies.

Senior Accounts Payable at Jotun Paints

• Egypt - Cairo
• April 2003 to April 2006

 Reviewing weekly payments for foreign vendors and local suppliers.
 Reviewing all vendor invoices and customs clearance invoices for imported goods.
 Expenses & budgeting Control.
 Long Lived assets Registering and controlling.

Senior Accounts Receivable at Hyatt Regency Taba Heights

• Egypt - Cairo
• July 2001 to March 2003

 Handling the credit list.
 Follow up for the aging collection of the Accounts receivable.
 Reporting and updating all the accounts receivable transactions.
 Matching the GSL file with receivable and taxes.

Income Auditor at Hyatt Regency Taba Heights

• Egypt - Cairo
• June 2000 to March 2001

 Performing all revenue assurance processes for the different revenue centers
 Reporting revenues on daily, Monthly, and annual basis.
 Maintaining up to date figures of revenue.
 Monthly analysis of balance Sheet.