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Ahmed El-Hamahmy, Group Chief Financial Officer

Ahmed El-Hamahmy

Group Chief Financial Officer·Jumia

Egypt

Diploma, accounting

Work experience

Total years of experience: 30 years, 9 months

Group Chief Financial Officer

March 2022 - Present

Jumia

Cairo, Egypt

March 2022 - Present

• Responsible for Jumia Mall, Jumia Trade and Jumia Pay.
• Present financial results and provide meaningful analysis to the CEO and executive team.
• Manage team & monitor their performance to ensure compliance and accuracy
• Collaborate with other departments to drive financial efficiency and support strategic decision-making.
• Manage relationships with banks, financial institutions, and external stakeholders.
• Ensure compliance with financial regulations, accounting standards, and tax laws.
• Provide accurate and timely financial reports, including financial statements, budgets, and cash flow projections.
• Oversee the preparation of all financial reporting and ensuring its accuracy monthly, quarterly, and annually.
• Review and approve accounts reconciliations for all balance sheets accounts.

Company industry:
Internet & E-commerce
Job role:
Management

Financial Consultant

August 2021 - February 2022

Copartners

Cairo, Egypt

August 2021 - February 2022

Financial Consultation retainers for multi companies.
Financial consultant for Odoo ERP

Company industry:
Software Development
Job role:
Information Technology

Financial Consultant

July 2020 - July 2021

Edfa3ly

Cairo, Egypt

July 2020 - July 2021

Financial Lead for 3 markets(Egypt, USA and UAE).
Responsible for Edfa3ly and Yashry websites.
Helping the company to build proper Odoo ERP system and dashboards which represent excellent reporting structure for decision making.
Building and restructuring financial department and financial ledgers to meet Egyptian and international standards and laws.
Managing different company accounts onshore and off shore and protecting stockholders rights.
Building proper cost centers.
Helping the company for preparation for proper funding for the execution of the business plans.
Developing financial plans for solid funds and expectations.
Maintain and reconcile the tax files of the company for the previous years.

Company industry:
Internet & E-commerce
Job role:
Finance and Investment

Group Chief Financial Officer

July 2019 - June 2020

MEDAF Investements

Cairo, Egypt

July 2019 - June 2020

Building and restructuring financial department and financial ledgers to meet
Egyptian and international standards and laws.
Reporting to top management the financial vision that help for proper decisions
making and risk management decisions.
Building up internal audit community to ensure quality control over financial
transactions and financial reporting.
Managing different company accounts onshore and off shore and protecting
stockholders rights.
Helping the company to build proper Odoo ERP system and dashboards which
represent excellent reporting structure for decision making.
Board Member, Involved in Management Vision and strategy.

Company industry:
Financial Services
Job role:
Finance and Investment

Regional Chief Financial Officer and Board Member

November 2015 - June 2019

Awe Living Research

Cairo, Egypt

November 2015 - June 2019

Company industry:
Marketing
Job role:
Finance and Investment

Chief Financial Officer

September 2013 - September 2015

Rocket Internet(Jumia-HelloFood & Easy Taxi)

Cairo, Egypt

September 2013 - September 2015

Rocket Internet is an ongoing success story and is the leading Internet Group in Africa, operating 9 e-commerce businesses in more than 20 countries. It is led by top leaders offering a great mix of local and international talents and is backed by Millicom, MTN, AXA, Orange and Rocket Internet.
Responsible for all financial domains and Interests in the country and of controlling the respect of the Group policies and procedures
 Responsible for Jumia, Easytaxi, hellofood and AIG express.
 Create and build the financial system (Navision and SAP reporting tools).
 Responsible for Finance and Administration department.
 Maintain local statutory Egyptian accounting records.
 Issued two consecutive financial statements with clean audit report by Ernts and Young Egypt (2013 & 2014)
 Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
 Provide technical financial advice and knowledge to others within the financial discipline

Company industry:
Internet & E-commerce
Job role:
Accounting and Auditing

Management Consultant

March 2013 - August 2013

QUEST HUMAN DEVELOPMENT & CHANGE AGENTS

Cairo, Egypt

March 2013 - August 2013

 Responsible for Finance, IT and Administration department.
 Implemented GL module software.
 Maintain local statutory Egyptian accounting records.
 Oversee general accounting functions, including AR/AP, account reconciliation, and cash management.
 Disclosure of fraud and money back in One Month.
 Create and apply the documents cycle.
 Created and applied the internal policy.
 Disclosure of fraud with 6000000 L.E

Company industry:
Human Resources Outsourcing
Job role:
Accounting and Auditing

Management Consultant

July 2012 - February 2013

freelancer

Cairo, Egypt

July 2012 - February 2013

Provide better results and cost less.
Added value through advice and interpretation on how to maximize profits and minimize losses.
Greatly improved financial control of your business with confidence in data accuracy.

Company industry:
Accounting
Job role:
Finance and Investment

CFO

January 2012 - May 2012

IPSOS

Cairo, Egypt

January 2012 - May 2012

Responsible for all financial domains and Interests in the country and of controlling the respect of the Group policies and procedure.
 Responsible for implementing and controlling the respect of the relevant detailed and operational procedures locally in order to complement the Group ones.

Company industry:
Marketing
Job role:
Management

Finance Director North Africa

January 2008 - December 2011

Synovate (Currently part of Ipsos)

Cairo, Egypt

January 2008 - December 2011

Financial Lead for 4 markets in some of the fastest growing and most diverse markets on the planet and the financial partner for Global Operations.Responsible for Finance, IT and Administration department.
Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Oversee general accounting functions, including AR/AP, account reconciliation and cash management. Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.

Strategically restructured financial reporting processes in accordance with organisational changes.
Served as key leader in effectively managing 15% annual revenue growth.
Contributes to the achievement of the company objectives by providing advice and guidance on financial strategy.
Submit planning and extraction of planning & actual data to/from the Company’s system (Hyperion) and (SAP).
Saved more than $50, 000 in annual expenses through identification of inaccurate and unnecessary vendor payments.
Strong background in multi-brand/geography business planning.
North Africa has seen good top and bottom line improvement from Egypt and Morocco in 2009”Aegis Financial Report.

Company industry:
Marketing
Job role:
Management

Finance Manager North Africa

April 2006 - December 2007

Synovate (Currently part of Ipsos)

Cairo, Egypt

April 2006 - December 2007

Prepared financial reports, developed budgets and performed variance analysis in accordance with business plan. Compiled periodic financial reporting packages for senior management. Carried out internal audits to ensure regulatory compliance and operational efficiency/accuracy. Built and led teams in carrying out special projects.

Reduced monthly closing cycle by three days with identification and recommendation of enhanced closing procedures.
Awarded globally as best employee of the year for 2006 in the integration.
Disclosure of fraud in Morocco office.
Egypt is ranking # 1 in Collection globally.
Implemented 6 modules software in North Africa(A/R, A/P, Cashbox, Tax, Payroll and Fixed assets)
Members in several committees(HR-Cost and management committee)

Company industry:
Other Business Support Services
Job role:
Finance and Investment

Finance Manager

January 2004 - April 2006

Synovate (Currently part of Ipsos)

Cairo, Egypt

January 2004 - April 2006

Closed and prepared monthly financial statements and audit reports. Performed monthly account reconciliations and monitored general ledger transactions. Worked in collaboration with controller to ensure accuracy and integrity of financial information in support of overall business objectives.

Created and applied the internal policy for Egypt Office
Collected all the doubtful bad debts.
Implemented GL module software in Egypt.
Maintain local statutory Egyptian accounting records.
Accounts reconciliation between local books and Cyprus books.
Created daily time deposit based on the solid cash flow
Aegis Group internal audit rating of Satisfactory (the Highest rating).

Company industry:
Other Business Support Services
Job role:
Finance and Investment

Senior Accountant & Accounting Controller

September 2002 - December 2003

LINKdotNet Holding

Egypt

September 2002 - December 2003

Handling sale& revenue for all LINKdotNET for a business volume of $8M•
Contribute to cash flow plan •
Contribute in the creation of the financial statement.
Supervise all ArabFinance.com and CareerMidEast.com affairs •
Control the LINKdotNET Holding accounting system (Great Plains) •
Supervise all financial affairs in the Alexandria branch.
Contribute in the implementation of the financial system (Great Plains).

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Senior Accountant

March 2000 - August 2002

CareerMidEast.com

Egypt

March 2000 - August 2002

Carried out general ledger functions, including account analysis and reconciliation, journal entries, cash management and AR/AP. Prepared financial statements

Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.
Responsible for all international dealings related to the company’s Merchant Account.
Efficiently handled all financial dealings with investors
Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Conduct a monthly financial analysis of the company’s financial status, and incorporate in the financial statement
Prepare quarterly & annual reports for the board of directors and shareholders.
Work closely with the company auditors in approving the company’s annual financial report.

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Senior Accountant

June 1999 - February 2000

LASER RENU INTERNATIONAL

Egypt

June 1999 - February 2000

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Follow up on the daily journal entries.
Prepare quarterly & annual reports for the board of directors and shareholders.
Work closely with the company auditors in approving the company’s annual financial report.

Company industry:
Industrial Production
Job role:
Accounting and Auditing

Senior Accountant

July 1998 - May 1999

WESTERN UNION (IBA)

Egypt

July 1998 - May 1999

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Controlling Branches.
Work closely with the company auditors in approving the company’s annual financial report.
Follow up on the daily journal entries.
Daily reconciliation with Western Union International.
Preparing Commission Sheet.

Company industry:
Financial Services
Job role:
Accounting and Auditing

Accountant

July 1995 - June 1998

MULTI TRADING&STORES

Egypt

July 1995 - June 1998

Assume full responsibility for all dealings with bank accountants, deposits, withdrawals, and bank reconciliation.
Daily Journal entry.
Responsible for LC&LG.
Work closely with the company auditors in approving the company’s annual financial report.
Prepare quarterly & annual reports for the board of directors.

Company industry:
Catering, Food Service, & Restaurant
Job role:
Accounting and Auditing

Education

American University

May 1998

May 1998

Diploma, accounting

Egypt

GPA (point): 3.4 out of 4

GPA (point): 3.4 out of 4

Accounting, American University in Cairo, GPA = 3.4

Cairo University

May 1995

May 1995

Bachelor's degree, Accounting

Egypt

GPA (percentage): 72%

GPA (percentage): 72%

Bachelor of Science Accounting, Cairo University, Grade = Good

LYCEE EL HARAM SCHOOL

July 1991

July 1991

High school or equivalent, Scientific

Egypt

GPA (percentage): 65%

GPA (percentage): 65%

Thanawia LYCEE EL HARAM SCHOOL

Skills

Internal Controls
Expert
Internal Controls
Expert
Cost Reduction
Expert
Cost Reduction
Expert
Cash Flow Management
Expert
Cash Flow Management
Expert
Forecasting
Expert
Forecasting
Expert
Financial Analysis
Expert
Financial Analysis
Expert
computer skills
Expert
computer skills
Expert
accounting software
Expert
accounting software
Expert
Hyperion
Expert
Hyperion
Expert
Advanced excel
Expert
Advanced excel
Expert
SAP
Intermediate
SAP
Intermediate
leadership training
Expert
leadership training
Expert
Budgeting
Expert
Budgeting
Expert
Tax
Expert
Tax
Expert
Odoo ERP
Expert
Odoo ERP
Expert
Working Capital Management
Expert
Working Capital Management
Expert
Annual Budgets
Expert
Annual Budgets
Expert
Treasury Management
Expert
Treasury Management
Expert
Analysis
Expert
Analysis
Expert
Negotiation
Expert
Negotiation
Expert
ERP
Expert
ERP
Expert
Mergers
Expert
Mergers
Expert
Auditing
Expert
Auditing
Expert
Team Management
Expert
Team Management
Expert
Planning
Intermediate
Planning
Intermediate
Accounting
Expert
Accounting
Expert
Risk Management
Expert
Risk Management
Expert
Financial Reporting
Expert
Financial Reporting
Expert
Administration
Expert
Administration
Expert
Financial Accounting
Expert
Financial Accounting
Expert
Finance
Expert
Finance
Expert
Preparation
Expert
Preparation
Expert
Financial Management
Expert
Financial Management
Expert
Management
Expert
Management
Expert
Internal Controls
Expert
Internal Controls
Expert
Cost Reduction
Expert
Cost Reduction
Expert
Cash Flow Management
Expert
Cash Flow Management
Expert
Forecasting
Expert
Forecasting
Expert
Financial Analysis
Expert
Financial Analysis
Expert

Languages

French

Intermediate

English

Intermediate

Training and Certifications

Certifications
Odoo V15 Functional
Feb 2022
VBA using Excel 2007
Microsoft
Mar 2010 - Mar 2010
Leadership Training
Leadership Training (Synovate)
Sep 2008 - Sep 2008

Recommendations

Walid Bakr

May 2012

May 2012

IT ManagerSubordinate

Best 2 words to describe Ahmed at work is "keen" and "loyal" he always take every thing upon his shoulder. Work means to him as if it is his life to be or not to be. He is well educated and have ability to manage many people and if someone of his subordinates don't like to work he do both jobs with a spirit of a challenge I hope in future to work with him again

Wael M. El-Demerdash

Dec 2010

Dec 2010

Finance Manager-North AfricaSubordinate

Ahmed is the perfect CFO any organization could have; he can build any finance dept from scratch to make it strong base for any company seeks high profitability, with a unique talent in the reporting creation in addition to cash flow management and internal control. I recommend him for any company