Chief Financial Officer
Solb Steel Company
Total years of experience :24 years, 4 Months
• Supervises holding company & two subsidries companies in the field of Steel making, Rolling Mill & Steel Coating.
- Responsible for all investment opportunities by submitting fully financial studies & business plans.
- Responsible for budgeting function.
- Responsible for all financial statements \[Monthly/Annual\].
- Responsible for revise & enhance costing process to maximize company profitability.
- Responsible for dealing with all lenders.
- Responsible to complete ERP ‘SAP’ implementation .
- Responsible for dealing with external audit.
- Responsible for dealing with Zakat authoirty.
- Responsible for business restructuring project.
•Supervises three companies in the field of broadcasting, media agency & press.
-Responsible for all investment opportunities by submitting fully financial studies & business plans.
-Responsible for budgeting function.
-Responsible for all financial statements.
-Responsible for implement new operation system to maintain workflow.
-Responsible to implement new internal audit procedures.
-Responsible for all tax subjects.
-Responsible for dealing with external audit.
•Supervises 6 employees in the department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include, directing work and Assist in appraising performance, addressing complaints and resolving problems.
-Prepare budget 2012.
-Manage daily accounting duties.
-Prepare monthly income statement & cashflow.
-Maintan all financial accounts.
-Review all procuremnet functions.
-Review all sales contracts from the perspective of business & finance.
-Participate in defining company selling price strategy.
-Issuing forword contracts with banks to sustain foreign exchange rate risk.
-Prepare all financial statements for year 2012.
-Responsible for all external audit issues.
-Responsible to evaluate several ERP computer systems \[SAP, Oracle E business suite, Oracle JD Edwards, Microsoft dynamice AX\] to support & sustain company business.
-ERP implementation project manager, as i’m responsible to implement the ERP computer system for all company departments \[finance, procurement, sales, marketing, stock, manfacturing, operation\].
-Prepare budget 2013.
-Create a rotation system between the employees's reporting for me to assist all of them add new knowledge & to sustain the business.
-Issue new policies & procedures to support compamy operations.
- Prepare all financial analysis ratio for the company audited financial statements since 2001 till mid of 2010.
- Create constant model template applicable for a all company projects.
- Prepare 5 year business plan for the company.
- Prepare consolidation report for all company subsidary (full consolidation/proportional consolidation)
- Establish monthly report actuals vs budget to monitor company performance for all projects.
- Success to finalize wilh BANK MISR fully underwrite the finance needed for project "Industrial Park at 6th City Power Station" with total debt amount 200 MEGP.
- Prepare all the financial study for Sudan project "Power Station For Cement Factory" & propose the attractive tariff that gave us the availibility to recover the investment & gain amazing IRR at long term perception "20 Years".
- Prepare all the financial study for Yemen project "Power Station" & propose the attractive tariff that gave our company the availibility to recover the investment & gain amazing IRR at short trem perception "5 Years".
- Prepare feasibility study for large scale generation electricity power station 1500MW with total amount 1.2 Billion USD.
- Prepare feasibility study for Emaar uptown cairo project & atend all meetings that gave me the avability to establish model showing the benefits & risks from the project.
- Prepare feasibility study for Porto Sokhna project & atend all meetings that gave me the avability to establish model showing the benefits & risks from the project.
- Prepare feasibility study for El Futtiam Cairo Festival project & atend all meetings that gave me the avability to establish model showing the benefits & risks from the project.
- Participate in wind energy study to show is it feasible for the company to go through it & invest or postpone till further change as governmental tariff.
- Prepare several financial models for different kind of projects as manufacturing projects & real state projects but didn't yet finalize the deal with the customers.
• January - 2008 Till January 2009 Working With "PepsiCo International Company" as "Accounts Payable Manager"..
• Supervises 12 employees in the department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include, directing work and Assist in appraising performance, addressing complaints and resolving problems.
- Participate in establishing a new accounts payable policy.
- Responsible for review all the entrires & post it on the system.
- Prepare on monthly basis month end closing file including a reconciliation between the major accounts & all anaylsis related for these accounts.
- Prepare on amonthly basis the intercompany anaylsis report.
- Prepare aging anaylsis for all the prepayment & investiagte the status for each case.
- Prepare aging anaylsis for all open vendor's balances & investiagte the status for each case.
- Assist in the implementation of SAP software.
- Create a rotation system between the employees's reporting for me to assist all of them add new knowledge & to avoid any sudden circumstances in future.
- Involve in the closing process of inventory.
- Prepare P&L analysis for all major accounts.
- Review all sales, marketing contracts from the finance point of view.
- Responsible for dealing with external and internal Auditors.
- Participate on monthly basis in income statement, balance sheet & cash flow.
-Accounts Payable
-Purchasing Cycle
-Accounts Receivable:
-Preparing the monthly invoice including the capital reimbursement & energy charge according to the PPA articles.
-Followup of the implementation of the project agreements:
-Power purchase agreement (PPA) with the elecyricity sector in Egypt.
-Fuel supply agreement (FSA) with the petrolum sector in Egypt.
-Responsible for preparing the Monthly aging analysis.
-Following up the Collection Process with the Central Bank of Egypt.
-Dealing with the Electricity Authority and solving any outstanding issues.
-Treasuary & Banking
-Taxes
-Responsible for prepare monthly analysis for the P&L.
-Bank Reconcilation:
-Preparing the bank reconcilation for all bank accounts .
-Responsible for the fixed asset.
-Responsible for Dealing with the Tax Authority.
-Responsible for the inventory.
-Responsible for the consolidation.
-Responsible for dealing with the EEHC (Egyptian Electericity Holding Co.).
-Responsible for dealing with external and internal Auditors.
• July 2000-Janaury 2002 Working with Kolaly Engineering Co. as an" Accountant "
• Billing System.
• Inventory Control System.
• Treasurer responsible of doing: - Receiving cash and checks from customers and issuing cash receipts.
- Responsible for cash disbursements with regard to payment request.
Selected Accomplishment
• Designs internal control systems to facilitate dealing with all customers.
• January 2000 - June 2000, working with "Amoun Construction Comapny" as an Accountant.
• Talaee Language School (English School) 1994.