Board Member – Group CFO
Kandil Group ( Industrial , Glass Manufacturing , Machinery , Spare Part, and Trading Companies
Total des années d'expérience :19 years, 7 Mois
Member of Executive Leadership and board members. Reporting Directly to Chairman.
Leading Group of 10 business units in different sectors. Annual Turnover 3B EGP.
Manage team of 28 Members. Responsible to manage Corporate Strategy, Finance,
Investors Relation, Controlling, Treasury & Credit, Costing, Taxes, IT, New Projects,
and Export Incentives functions.
Oversight Commercial and Operation Activities. Member of the Business Development
Committee
Plan, establish and execute corporate, commercial, and Financial strategic plans.
Design and implement Functions Process and Workflow as well Internal Polices.
Building Business and Financial modules that aim to improve business profitability,
support Market Growth, enhance efficiency and Quality.
Applying financial and management controls, build new organization structure and
helping in corporate transformation.
Work closely with commercial and supply chain team to establish Pricing policy and
price structure as well management of Supply chain and continues development.
Provide and advise expertise and guidelines to Head of Departments and
employees to meet defined KPIs and leading P&L strategies toward achieving
company vision and mission. Lead and complete the transformation and
restructure both manually and digitally by introducing Corporate Level over
the cross and matrix functions.
Support the relationship management, Transactions with external parties
(Banks, External Auditors, Consultants, ERP Companies and Potential
Investors for Acquisition and Due diligence process).
Member of Executive Leadership Team. Reporting Directly to Group Managing
Director. Leading Group of 4 business units in Egypt, South Africa, and India with
different business sectors (Manufacturing, Mining, Distribution and Trading).
Manage team of 25 Members. Responsible to manage Corporate Strategy, Finance,
Investors Relation, Controlling, Treasury & Credit, Costing, IT, New Projects, and
Export Incentives functions.
Oversight Commercial and Operation Activities. Member of theBusiness Development
Committee.
Major Accomplishments:
➢ High Contribution in Shifting Company from Negative EBITDA & Net loss to one of
highest profitable Companies in Qalaa Group with Annual Turnover exceed 1.2M
EGP in Y2021 versus 80M in Y2012 majority in export to over 45 countries by
Developed and implemented a comprehensive strategic commercial, Sales and
marketing planning process for the business providing greater definition of targeted
customers, defined markets, and high margins.
➢ Significant improvement in Company Cash Flow and Net Working Capital by
Minimizing DSO (Cash In cycle) by more than 50% and extend DPO (Cash out
Cycle) by over 250% Y2021 versus Y2012.
➢ Secure New Short-Term Facility with Banks with Competitive Rate covering all
company operation requirements in Different Currencies.
➢ Restructure Company Debt and old Loans by signing new Schedule agreement with
Bank to end by 2024 in which all obligations settled on time.
➢ Significant cost savings through continuous improvement projects in Operation &
Supply chain, mainly “Production, Logistic, Procurement and Warehouse”.
Significant reduction in costs per ton.
➢ Established Strong Loyalty and Rebate policy lead to retain big customers and
attract new clients to company clients list.
➢ Establish Full company internal process and controls for All Functions (Commercial,
Supply Chain, Finance, HR & Administration) to minimize risk to the lowest level.
➢ Excellent management of three investment Projects in Years 2013, 2016 and 2019
that added three new production lines and increase Company Capacity by another
240K Tons per year with Projects Saving 5%-7% versus projects Budget.
➢ Review & change Company organization structure by established new structure
approved by MD & Boards (Commercial, Operation, HR, Supply chain, Finance).
➢ Shifting Finance and supporting Functions to Corporate Level with continues
reporting &Analysis system improvements to ensure 100% relying on system
generated reports to improve efficiency and decision making
Reporting Directly to Business Director. Manage team of 6 Employees. Responsible to Manage Company Financial, Admin, IT, HR functions. Responsible for 3 Legal Entities in Egypt. Manage relationship with External service providers (Custom clearance Agencies, Distributors, and Tax and Legal Consultants). Establish Group Supply Chain Function.
Major Accomplishments:
Built All Functions from Scratch as company was well established beginning of 2008 when I joined (Finance, Legal, HR, Admin, IT, Supply Chain).
Project Manager to install a new ERP System in 2008 (Sun System) and Then workings closely with Head Quarter in France in second project to convert to Oracle ERP System During 2011- 2012.
Improve ordering process and Forecasting with significant improvement in Liquidity and reducing Destruction products cost (Expired Products).
Formalized seasonal merchandise planning process that helped to achieve recording inventory turnover rates and reducing Stock Level which improve company overall Cash flow and P&L.
Establish Full company internal process and controls for All Functions (Commercial, Supply Chain, Financial, and Administration).
Designed and led implementation of new financial systems including GL, AP, AR, Cost Accounting, and Financial Reporting for multiple companies and linked it with France Head Quarter Reporting system.
Reporting Directly to Finance Director. Manage team of 2 Financial Analysts.
As part of my development plan, I was rotated to the following Financial Sections in CEMEX:
Accounts Payable Section.
General Ledger Section.
Treasury Section.
Accounts Receivable and Credit Section.
Financial planning and Budget Section.
Major Accomplishments:
Effective Member in Financial Committee to finalize 5 Years Tax Inspections for years (2002-2006) with good results.
Effective Member in company project team responsible to Shift from AS400 ERP System to JD Edward with full modules implementation.
Solve historical and unclear old Accounts Balance and clearance of All Suppliers/Customers Accounts after CEMEX Acquisition with full supporting Documentation to be complying with tax and the law.
Updated and improve Costing System in Excel and linked it to ERP system for the first time in CEMEX Egypt.
Reporting to Accounting Manager. Manage AP, Inventory and Revenue recognition & validation.
Bachelor degree in Accounting (2002): Faculty of Commerce, English Language section, Assuit University, Accounting Department.