Chief Financial Officer (CFO)
Abraj Misr
Total years of experience :27 years, 11 Months
Create, coordinate, and evaluate the financial controls and supporting information systems of the Corporation.
Creating and directing policies and procedures for establishing standards of
Business performance.
Trained, supervised and evaluated staff, to improve their management skills.
Motivating and leading all levels to operate towards the organization goals.
Creating a Significant Financial System for developing the Budget, Strategy
plans, liquidity Analysis, and cash flow projections in accordance to
international Accounting Standards.
Ensure that effective internal controls are in place and take steps to enhance, where necessary, the internal control systems within the Corporation.
keep the Board aware of the financial position and financial development of the Corporation.
Develop appropriate key performance indicators to monitor and drive the financial performance of the Corporation.
Ensure proper training of all personnel working on financial, accounting, audit or fiscal matters.
Oversee and monitor the Corporation’s financial position, banking and financing activities and capital structure and monitor the respect of banking and financial covenants and hedging arrangements, as applicable.
Ensure the adequacy of the Corporation’s insurance coverage.
Oversee and monitor effective tax strategies and compliance for the Corporation.
Oversee and monitor information technology, leaseholds and procurement.
Coordinate the preparation of the Corporation’s financial statements and management discussion and analysis (annual and interim).
Directing process all financial analysis relating to profitability, performance.
costing, variances, working capital. cash flow generated and capital spending
projects & preparing the Economic reports for the chairman.
Implementing appropriate internal control measures to safeguard the company's assets and minimize any liabilities.
Produce consolidated financial statements for the whole group on monthly
basis and comparing with the Budget & analyze the reasons of differences.
Manage the relationship with different banks, for achieving the group needs of
fund for the existing & new enterprise by less cost & maximum benefits.
Manage Taxation, and Relations with Authorities & other governmental
Departments.
Developing the annual budget in addition to the three years plan for the Co.'s
& its branches and ensure it is matching with Corporate Objective's.
Managed relationship with internal and external Auditors (Including
Franchisers Auditors).
Responsible for all Feasibility and investments studies and ensuring that those opportunists are matching with the group standards of investments.
Oversee financial department employees, including financial assistants and accountants.
Monitor the day-to-day financial operations within the company, such as payroll, and other transactions.
Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
Track the company's financial status and performance to identify areas for potential improvement.
Seek out methods for minimizing financial risk to the company.
Research and analyses financial reports and market trends.
Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
Review financial data and prepare monthly and annual reports.
Present financial reports to board members, stakeholders, executives, and clients in formal meetings.
Stay up to date with technological advances and accounting software to be used for financial purposes.
Establish and maintain financial policies and procedures for the company.
Understand and adhere to financial regulations and legislation
Manage the monthly financial close process, including ensuring all costs incurred are properly recorded, reviewing journal entries, account balance reconciliations and report preparation.
Participate in the ongoing development/establishment of accounting policies and procedures and operational strategies including the review and implementation of process and system changes.
Continued focus on improving system efficiencies and business practices.
Participate in strategic financial projects including upgrades/phase-two implementation of ERP software.
Ensure compliance with internal control policies.
Collaborate with external auditors to ensure successful audit results and compliance.
Interacts at all levels and with budget owners or other stakeholders to produce timely, efficient and accurate month-end close and all internal management and financial reporting through annual report.
Responsible for hierarchy and scalability in chart of accounts and accuracy in the general ledger and financial statements and has ultimate authority over classification and booking of all transactions.
Analyze the effect of statutory accounting practices and studies regulations and guidance to ensure correct application of Generally Accepted Accounting Principles.
Make recommendations for changes as needed and ensure that company policies and procedures are followed and establishes the proper techniques to discover and prevent fraud.
Prepare detailed journal entries and account analyses.
Assist with compilation of information for preparation of tax returns.
Work with Audit, Tax and Treasury Manager to ensure overall coordination of all financial accounting activities through annual report.
Prepare summary feedback of financial statements variances to budget.
Actively review and advise on financial/accounting processes
Account reconciliation and analysis: Prepaid Expenses, Deposits, Accrued Expenses, Investments, Capital Leases, Members Equity, Inter-company balances.
Journal Entries including maintenance of recurring journal entries and allocations.
Coordinate the monthly book close.
Supervise the Accounts Payable Supervisor.
Supervise the Payroll Supervisor.
Plan, coordinate and execute annual financial audit.
Assist in the compilation of information for the Company’s annual tax returns.
Develop and implement policies and procedures with emphasis on internal controls.
Special projects as required.
Review of construction abstracts.
Joined as Accountant and subsequently merited promotion to the post of Director of Tax Administration and Tax Research through excellent performance.
Key contributions
of the new clients, and evaluation of industry and business risks.
Preparation of accounting cycles flowcharts and identify the controls to examine its sufficiency and adequacy.
Preparing budget and closing accounts for more than 200 companies with diverse activates (Tourism - Import & Export - Commercial - Chains restaurants - Manufacturing - construction - Pharmaceutical and medical supplies ...)
Inventorying for many companies and evaluating the internal monitoring.
Taxes investigation for many companies.
Tax Planning for many companies.
Preparing fiscal positions and monthly budget flow up.
Organizing training session for all new taxes regulation (stamp, value added, Income …etc.)
Finance, Costing & ERP implementation projects Consultant.
Preparation of consolidated financial statements
Re-structuring payroll systems
Business flow planning for companies
Negotiation with banks and finance agenciesLed efforts to document general.
Preparing financial regulations
Management
* Present, promote and sell products using solid arguments to existing and prospective
customers
* Perform cost-benefit and needs analysis of existing/potential customers to meet their
needs
* Establish, develop and maintain positive business and customer relationships
* Reach out to customer leads through cold calling
* Expedite the resolution of customer problems and complaints to maximize satisfaction
* Supply management with reports on customer needs, problems, interests, competitive
activities, and potential for new products and services.
(Arabic Section) Major: Accounting Department Grade: Accept
