finance manager
Thyssenkrupp Elevators - Egypt
Total years of experience :20 years, 6 Months
ThyssenKrupp, Industrial and construction engineering multinational company.
One of the world’s leading elevator companies with unique engineering capabilities in 150 countries.
The average number of Company's employees +10, 000.
Financial controller
Reporting to: General Manager / Regional CFO
Role Purpose:
Has the overall management responsibility of finance, accounting, controlling and compliance for the Egypt operation. As a key member of the management team, including the responsibilities of financial strategic planning and controlling, profit and budget analysis, internal and external reporting, compliance and governance.
Job Responsibilities:
Accounting & Taxation
• Ensure that all financials for Egypt are statutory complaint.
• Review and sign off all the accounts reconciliations.
• Overseeing all statutory audit and special tax process.
• Ensure that all tax returns and other statutory reports are filed timely and correctly.
Budgeting and Forecasting
• Prepare and maintain the annual corporate budgeting and planning models.
• Prepare and maintain the Budget vs. Actuals.
• Prepare monthly rolling forecast.
Analysis AND Reporting
• Manage the preparation of official annual reports (revenues, transfers, and expenses).
• Prepare monthly variance analysis.
• Provide recommendations to enhance business methods.
• Lead the implementation of SAP Finance.
Team management and leading
• Recommend KPI’s for measuring the financial and operating performance.
• Ensure compliance with local, group reporting requirements.
• Design, establish, and maintain an organizational structure and staffing.
• Trains, motivates, develops, retains and evaluates finance team.
• Serve on planning and policy-making teams within the Company.
Role Purpose:
Leading an Accounting team of 15 accountants to implementing Financial & Accounting strategies, plans, and procedures for the Finance Department by monitoring, revising, and analyzing daily business transactions and participating in short & long term Planning.
Job Responsibilities
In charge of department consists of two teams:
Financial & Tax accounting team:
• Preparing separate and consolidated financial reports for the region, on monthly, quarterly, and yearly basis including analysis and exposures.
• Reviewing and the credit policy aging for the AR & AP.
• Checking daily transactions (Banks, Journal Entries, A/P, A/R, Sales, Stock, and Purchases, costing) and their posting to the General Ledger.
• Dealing with Tax Consulting office and prepare the needed analysis to finalize the tax accounting process.
• Reviewing and directing stock control team.
• Preparations of annual statutory accounting and the periodic audit.
Treasury and Managerial Accounting Team
• Maintain banking relationships including negotiating facilities agreements and ensuring that such activities are carried out with planned time frame and in context with general financial plans.
• Monthly treasury reporting packages (FX, Hedging Position, cash current positions).
• Heading and managing budgeting process for all branches individually and the consolidated one.
Regional Financial Controller (Meddle East and North Africa)
Reporting to: corporate controller & Eastern Hemisphere GM
Annual Sales Turnover: 850Million USD.
MENA Annual Sales Turnover: 70 Million USD
MENA Countries: Egypt, Oman, Libya and Dubai
The average number of Company's employees’ more than1000 employee.
Role Purpose:
To prepare, Control and report the corporate budgeting and planning models and to insure maintaining the timely and accurate financials for Middle East Region for internal and external purpose. Also to support decision making through structured analysis and interpretation of financial data in addition to provide the company with an insightful competitive analysis.
Job Responsibilities;
Accounting
Ensure that all financials for MENA region are statutory complaint.
Review and sign off all the accounts reconciliations.
Overseeing all statutory audit and special tax process.
Ensure that all tax returns and other statutory reports are filed timely and correctly.
Budgeting and Forecasting
Prepare and maintain the annual corporate budgeting and planning models.
Prepare and maintain the Budget vs. Actuals.
Prepare monthly rolling forecast.
Analysis
Prepare business and financial analysis reports for projects or new business area.
Prepare cost analysis reports.
Prepare monthly variance analysis.
Provide recommendations to enhance business methods.
Arafa Holding is a market driven entity that manufactures in response to customers demand. It has a vertically integrated business model to cover all phases of apparel manufacturing and distribution. The company is divided into three distinct segments, each with a specific role in the production of apparel. The first segment, textiles, is dedicated to the first phase of garment making, with two companies, Whitehead Spinning and Goldentex. These two companies produce the yarn and fabric used in the manufacturing process..
Annual Sales Turnover: 350Million L.E.
The average number of Company's employees’ 1000 employee.
Budgeting, Reporting and Costing Manager
Reporting to: Group CFO
Job Responsibilities;
Responsible for a department consist of three teams:
Budgeting Team:
• Controlling both the corporate Master and capital budgets, also control the expenditures and report the variances monthly in order to facilitate the company control system.
Reporting team:
• Responsible for the analysis of the monthly, quarterly and annually financial statements by develop financial models and reports to analyze profitability, expenditure and over head rates
• Review and approve costing projects and pricing sheets ensuring appropriate rates and assumptions are being applied
Costing Team:
• Managing and formulating of company product costing related work.
• Identify, planning and preparing of stocks valuation reports.
• Ensure all costing matters/ system are implemented and maintained with the company’s procedures guidelines and policy.
• Ensure reports are promptly prepared to management.
Financial Manager from January 2006 till June 2009
Reporting to: CEO
Summary:
Leading an Accounting team of 11acountants to implementing Financial & Accounting strategies, plans, and procedures for the Finance Department by monitoring, revising, and analyzing Silicon21’s daily business transactions and participating in short & long term Planning.
Job Responsibilities
Responsible for a department consist of two teams:
Financial & Tax accounting team:
• Preparing separate and consolidated financial reports for all branches (Egypt, Dubai, Libya), on monthly, quarterly, and yearly basis including analysis and exposures.
• Reviewing the aging for the accounts receivables & accounts payables.
• Periodically revising customers credit policy.
• Checking daily transactions (Banks, Journal Entries, A/P, A/R, Sales, Stock, and Purchases, costing) and their posting to the General Ledger.
• Dealing with Tax Consulting office and prepare the needed analysis to finalize the tax accounting process.
• Reviewing and directing stock control team.
Treasury Team
• Maintain banking relationships including negotiating facilities agreements and ensuring that such activities are carried out with planned time frame and in context with general financial plans.
• Foreign exchange exposure and hedging position.
• Develop monthly risk management and treasury reporting packages for the management including cash and liquidity current positions and forecast.
• Controlling of accounts receivable in addition to follow up on and adjustment of overdue balances to be in line with credit policy.
Certified Management Accounting (CMA) IMA Number: 000008469934-0
MIBA “Master of International Business administration - International Finance Major” ESLSCA University France – Egypt Branch. “École Supérieure Libre des Sciences Commerciales Appliquées” Accredited from the supreme council in France since 1971. GPA: 3.3 Thesis Subject: Operational Risk Management in Banking Sector in Egypt