Finance Director
Saint Gobain Gyproc
Total years of experience :24 years, 5 Months
• Manage 5 direct reports and total of 15 Finance and IT members.
• Manage Finance & IT functions (Accounting, Cost Controlling, Credit & Treasury, Budgeting, and Company assets, Taxation) in
order to give the right Financial information & statement to Management and to all company departments to help them make the
necessary decision at the right time.
• Prepare reports and statistics detailing financial results to present to Top Management financial status of company (Revenues versus
Loses and the Sales turnover value).
• Develop new needed financial policies and improve the current ones.
• Provide financial advice & support to client departments to enable them to make sound decisions.
• Ensure appropriate financial regulations & controls are in place and in use at all times.
• Improve quality of internal control process to be in compliance with internal control policies of SG.
• Maintain a system for consolidating financial statement at the Egyptian company level (SG sub-consolidation)
• Monitors Taxation reporting system to protect the company from any taxation liabilities.
• Oversee Accounts Payable and Accounts Receivable to ensure a disaster recovery plan.
• Supervise all treasury operations.
• Review preparation of company's annual budget.
• Manage and ensure that IT function is working in proper way to safe guard company data and to smooth the running of the business
through IT tools & devices
• Responsible for the completeness and accuracy of financial information that is prepared on a periodic basis for both internal and external constituents.
• Prepares accurate and detailed account reconciliations for assigned operations.
• Prepares bank account reconciliations for certain international and dormant entity operations.
• Responsible for entity-wide cash application process
• Maintains Inter-Company relationships
• Analyzes, reconciles and maintains financial records following U.S. Generally Accepted Accounting Principles (U.S. GAAP) as well as being aware of statutory requirements that might be applicable in area of assigned responsibility. Knows when or where to gather additional support within the organization.
• Coordinates both upward with the technical accounting and tax staff in corporate headquarters’ as well as providing accounting support for assigned operations.
• Ensure that all Company policies and procedures are understood and implemented, and that assets are properly safeguarded.
• Ensures the operation and effectiveness of key process (operational and financial) controls through regular review and periodic self-checks.
• Assists with the budget and forecasting for the business unit
• Interacts professionally with both internal and external constituents; maintains effective working relationships and works in cooperation with the local accounting personnel for the assigned operations.
• Support Countries in Production Area B ( Romania, Macedonia, Hungary, Tunisia, South Africa and Egypt)
• Develop financial systems and controls in each country of Production Area B and ensure compliance with both international and local regulations in those countries.
• Oversee preparation of local accounts in each country
• Supervise and develop the PB area local finance team
• Ensure financial and management reporting systems and procedures adhere to DRX QA requirements.
• Leading projects related to the controlling on the group level, including 'Non series material Process Optimization' and ' Working Capital Efficiency'
• Performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans
• Training the Finance Unit and other staff on raising awareness and knowledge of financial management matters
• Working with the CEO on the strategic vision including fostering and cultivating stakeholder relationships, as well as assisting in the development and negotiation of contracts
• Assessing benefits of prospective contracts and advise the Executive Team on programmatic design and implementation matters
• Ensuring adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits; providing the Plant Manager with an operating budget
• Working with the Plant Manager to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all laws and contractual guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance
• Overseeing management of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets
• Preparing of Hyperion reports for submission centrally using data input
• Preparing of the three month forecast on a rolling monthly basis, using data acquired from customers
• Reconciling intercompany debtors and creditors, along with daily monitoring of site expenditure including authorization of purchase requisitions (SERS) and invoices
• Analyzing inventory data by site of manufacture, customer and vehicle type; preparing Year End for audit by external auditors
• Overseeing all purchasing and payroll activity for staff and participants
• Developing and maintaining systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the annual financial statements is in accordance with IFRS
• Attending Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee
• Monitoring banking activities of the organization; ensuring adequate cash flow to meet the organization's needs
• Serving as one of the trustees, overseeing administration and financial reporting of the organization's Savings and Retirement Plan
• Investigating cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals
• Overseeing production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for Executive management, as well as the Audit/Finance Committee and Board of Directors
• Assisting in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff
• Overseeing Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place
• Overseeing business insurance plans and health care coverage analysis
• Overseeing the maintenance of the inventory of all fixed assets leading the purchasing committee; a member in the Human recourses development committee
• Acting as a senior management member in dealing with authorities specially while meetings with senior governmental representatives (Ex: Ministers, deputy ministers) for investment or operational challenges
• J-SOX activity as required on “Risk Control Monitor” documentation
Treasury Function
• Managing daily cash and bank disbursement and balances in accordance with law and internal processed and regulations
• Maintaining daily connectivity to the banks for analyzing account activities, transmitting electronic payments
• Banking Reconciliation, verifying accuracy of monthly bank statements, comparing historical data, liaising with bank officials
• Procuring banking services and best credit facilities, analyzing and negotiating overdraft and credit terms, letter of guarantee terms, and other credit facilities, selecting the most beneficial offer
Receivable Function
• Managing all activities related to billing documents according to the revenue recognition criteria and invoicing
• Reconciling process, negotiating with customers regarding billing issues; working with Managers and the Technical Sales Group for reviewing payment documents and resolving billing/pricing discrepancies, analysing and reconciling customer accounts
• Reviewing accounting for receivables, receivable revenues and disputed receivables
Accounts Payable function
• Vendor Invoice Processing, managing payments to local and intercompany Vendors, ensuring all A/P data and invoices are received, entered into the payables and transmitted accurately and timely. Managing the check run process including reviewing all vendor invoices for accuracy, completeness, and compliance with policies and specific legal documents
• Intercompany Vendor Invoice transactions, managing out billing activities (from WF-Egypt to other WF branches), ensuring all billing from other branches are completed and submitted correctly
• Managing in-billing activities; ensuring receipt of all invoices submitted by other WF non-Egypt branches; managing the check run process including review of all vendor invoices for accuracy, completeness, and compliance with company policies and contracts
• Investigating and analyzing intercompany balances, preparing the balance list, including in the Hyperion Reporting System
Operating and Maintaining the General Ledger System
• Analyzing and preparing A/R, A/P, and G/L monthly entries and reconciling, ensuring all accounts related to treasury, revenue, payments and other transactions for assigned product lines/departments are processed and recorded efficiently and accurately
• Month end activities, performing all month-end verifications assuring general ledger and supporting journals are in agreement; account reconciling, resolving discrepancies, preparing and signing the monthly income statement
Financial Reporting
• Directing the preparing of periodic and special financial reports relating to treasury, A/R, A/P functions for assigned portfolio
Managing and Supervising
• Interviewing and selecting new employees; managing a team of 4 Junior Accountants and 2 Senior Accountants
• Creating solutions by applying financial knowledge, acting as point of contact for key issue resolution
• Evaluating individual performance, establishing training requirements, enhancing staff skills
• Recommending transfers, promotions and terminations; monitoring time, attendance and performance
Budget and Costing Reports
• Reviewing managerial reports (Actual Versus Budget Reports, Efficiency variance reports)
• Reviewing country proposed Budget with ABC techniques before submitting to approval from Country Manager
Freezone Transactions
• Reviewing GAFI commissions and Customs due as a result of WFT Freezone Imports and Exports
• Submitting Financials to GAFI for review and approval; monitoring GAFI annual physical Count
• Reviewing and approving refund for Freezone Petty Cash
• Line management responsibility of 2 Junior Accountants.
• Preparing monthly bank reconciliation for (4) branches; following-up of overdue accounts and undelivered open invoices.
• Recording the collection of legal checks and reconciling legal and dis-honored cheque balances.
• Reviewing commercial account processes, ensuring accurate and timely recording and handling of the financial records.
• Preparing monthly reports for physical count results for dishonored checks, outstanding invoices and branch inventory count result.
• Preparing and updating Accounts Receivable Bad Debt Provision in accordance with company policy.
• Preparing monthly Accounts Receivable analysis (Cash & Commercial Discounts, Returns, Bonus and F.Goods).
• Reviewing the customer master file; running monthly sales report, ensuring accuracy, resolving errors and unposted transactions.
• Preparing monthly Accounts receivable reconciliation between sub system and General Ledger.
• Monitoring the monthly total company sales by product and reported to the corporate (flash sales report).
• Reviewing expenses, ensuring appropriate accounting allocation before paying and recording (accounts payable module).
Financial Planning Responsibilities
• Preparing monthly sales variance analysis report, volume and price variance according to budget and previous year.
• Generating monthly analysis of actual distribution operating expenses to budget; preparing monthly product profit and loss
account.
Accounts Payable Responsibilities
• Processing due payments relating to local purchasing, hotels, subscriptions, donations, gathering and attaching evidence.
• Reviewing documents according to related SOPs, allocating expenses to convenient cost centre to be registered.
• Preparing monthly and quarterly actual expense analysis, required by management.
General Ledger Responsibility
• Organizing and liaising with other department on a monthly, quarterly and yearly basis closing procedures to meet group
deadlines.
• Preparing monthly consolidated financial statements including income statements and balance sheets matching with group and
local requirements; providing financial analysis assisting senior management decision making.
• Posting transaction from different modules to general ledger ensuring accuracy, reviewing reconciliation.
• Ensuring financial accounting transaction for expenses are complying with group standard operating procedures and satisfying
local requirements, ensuring consistent application of financial policies and procedures.
• Dealing with external auditors and supporting the team with required reports, supporting documents and confirming accuracy.
• Preparing monthly allocation in and out entry, ensuring re-allocating expenses based on departmental shared services.
• Following all intercompany transactions including importing and exporting, confirming balances on a monthly basis.
• Supervising and reviewing the updating for employee car loan accounts, prepayments (Rent and Insurance) and payroll entry.
MBA