عمرو Bassuni

Key Result Area:
• Possess significant leadership experience in building and motivating teams for higher performance. ensuring efficient and effective financial management.
• Implementing strategies to mitigate foreign exchange losses, resulting in significant cost savings for the organization.
• Overseeing the implementation of clear and accurate monthly financial reporting for precise planning and decision-making.
• Effectively managing relationships with both vendors and customers. Evaluating risks and identifying opportunities for substantial improvements in key financial figure.

Highlights:
• Achieved substantial tax savings through effective payroll tax / Income Tax finalization, contributing to the company's overall financial profitability.
• Improved cash flow management and reduced inventory blockages by 46%, enhancing the organization's working capital position.
• Finalized a sell and lease back deal worth USD$ 3.1M, optimizing the company's asset utilization and financial position.
• Securing financial facilities from Banque Misr, amounting to EGP 150M, to support business growth and expansion.
• Disposal of all stagnant items amounting to EGP 23M and creation of policy for disposal.
• Settlement of Export subsidies till H1-2022.

Key Result Areas:
• Led the overall business strategy and tactical planning, ensuring alignment with organizational goals and objectives.
• Managed mergers of retail subsidiaries and restructuring of the accounting departments, optimizing efficiency and effectiveness.
• Ensure accurate tax inspections and finalizations for various types of taxes, maintaining compliance with regulatory requirements.
• Preparing corresponding program related to the expansion of the sales network.

Highlights:
• Successfully led the overall expansion plan, resulting in a revenue growth of CAGR 87% in 2 years.
• Reduced franchise agreement costs by 32% and increasing procurement capacity by 45%, contributing to the company's overall financial.
performance
• Finalized working capital facilities with NBE and Bank Misr, exceeding USD$ 15M, supporting business growth and expansion under CBE initiative.
• Managed mergers of retail subsidiaries and restructuring of the accounting department, optimizing efficiency and effectiveness

Key Result Areas:
• Managed merges of non-performing subsidiaries, eliminating intercompany write-off risks and enhancing overall financial performance.
• Consolidated business units and achieved significant cost savings, contributing to the company's overall financial health.
• Restructured bank facilities portfolio, securing deals with leading banking institutions to support business growth and expansion.

Highlights:
• Successfully finalized a sell and lease back deal worth USD$ 7.3 Million, optimizing the company's asset utilization and financial position.
• Managed merges of non-performing subsidiaries, eliminating intercompany write-off risks and enhancing overall financial performance.
• Implemented IFRS to improve financial statements and increase EBITDA by 3.3%, ensuring compliance with international accounting standards.
• Finalizing bank facilities deals with both QNB & CIB exceeding USD$ 4.8Mil.
• Managed several Due diligence resulted in successful acquisitions in both Morocco and KSA.
• Revising all the Back-to-Back commercial deals with overseas subsidiaries that enjoying tax treaty saving around US$1.2Mil tax payment annually.
• Working on the group synergies / consolidating business units saving around USD$ 0.8Mil annually.
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Highlights:
• Reduced annual ending cash from 75% in non-tradable KPW to 39% KPW by advising the commercial department to utilize a tariff model to maximize Euro revenue and by promoting the use of local suppliers to increase spending in KPW.
• Completely restructured the accounting department by implementing a Chart of Accounts, enhancing collections, and establishing Oracle modules.
• Improved efficiency by providing accounting and language courses for the Korean accounting team.
• Decreased security restrictions by maintaining relations with local authorities and shareholders.

Highlights:
• Overseeing all the financial aspects of the company and its 13 subsidiary that operate in different regions.
• Finalized deal to acquire a company for 55% of its net worth as estimated by Pricewaterhouse.
• Saved USD$ 2.8M by optimizing taxation model for the company and its subsidiaries.
• Secured USD$ 8.2M by closing a financing deal with NSGB for a growth project during a time of economic crisis.
• Released dividends of USD$ 4.1M in Algeria and Pakistan despite restrictive cash regulations.

Directed the accounting team, including preparing monthly balance sheets, income statements, cash flows, and consolidated financial statements for the holding company, overseeing accounts payable / accounts receivable, managing closing cycles, organizing annual audits, assisting the Financial Director with financial reports and analysis, and supervising 6 employees.

Reviewed and evaluated accounting records such as material assets, net worth, liabilities, capital stock, surplus, income, and expenditures to ascertain the financial standings of client companies.