Finance Director
Triangle Group
Total years of experience :26 years, 6 Months
• To direct & oversee all financial and accounting activities of all international subsidiaries and affiliates ensuring that all statutory, financial and tax reporting requirements are met.
• Lead the implementation of financial systems & internal controls for all operational subsidiaries or affiliates.
• Assist in expanding the Regional Portfolio of the company, through opening new branches in the MENA Region.
• Review accounting & administrative processes/ procedures in an ongoing effort to streamline the flow of work and identify areas for potential improvement.
• Liaising with other divisions/functional groups to facilitate the development of short, medium and long term strategies, and will mainly support the financial, operational, and development areas.
• Ensure compliance with all applicable financial and accounting pronouncements and standards
• Develop and insure integrity of monthly management reporting package.
• Provide financial support for operational management, including departmental-spend reporting, variance analysis, budgeting and forecasting and process improvement.
• Provide strategic consultation and guidance to management on financial issues, business proposals, and make recommendations for optimising the financial impact of business initiatives.
• Coordinate with operations and business development personnel to ensure appropriate scheduling, preparation and monitoring of various business plans.
• Act as the primary liaison with external auditors
• Responsible for production of accurate and timely financial statements in accordance with relevant accounting policies and procedures.
• Ensure that the financial records of the company are prepared in accordance with International Accounting Standards and Generally Accepted Accounting Principles.
• Assist in the development and implementation of policies and procedures relating to financial management.
• Manage inter-company accounts and ensure monthly reconciliation among all subsidiaries.
• Handling all legal issues through the company’s lawyer
• Manage accounts payable process ensuring all payments are made correctly and on time.
• Manage accounts receivable function ensuring all receivable are invoiced and collected in a timely manner.
• Supervising, reviewing and approving all monthly reports including, Bank Reconciliations, Balance Sheet Recons and a detailed P&L Analysis.
• Managing and leading a team of accountants, defining their role and responsibilities and objectives.
• Manage cost allocation process among affiliate companies and ensure a fully documented process is in place.
• Preparing Logic’s annual budget, quarterly forecasts.
• Preparing and Reviewing Monthly Analysis for Actuals vs. Budget.
• Establishing and implementing the company’s ERP system.
• Preparing the year end consolidated financial statements.
• Handling the company’s annual audit in all aspects to insure the reports are issued on a timely manner
• Handling all tax and social insurance inspections and settlements with the their relevant authorities.
• Responsible for establishing new branches for the company within other countries.
• Deputise ITWorx Chief Financial Officer
• Manage a group of accountants responsible for all aspects of ITWorx financial accounting.
• Responsible for production of accurate and timely financial statements in accordance with relevant accounting policies and procedures.
• Manage cash Petty Cash and banking processes.
• Manage accounts payable processes ensuring all payments are made correctly and on time.
• Manage accounts receivable function ensuring all receivable are invoiced and collected in a timely manner.
• Manage ITWorx cost allocation process and ensure a fully documented process is in place.
• Manage Great Plains system administration.
• Ensure all tax returns, calculations and filings are performed in accordance with Egypt/US/Saudi requirements.
• Lead all Budgeting and costing activities for ITWorx Group of companies
• Preparing monthly management reports and analysis
• Key finance contact with organization performance and other departments
• Manage inter-company accounts and ensure monthly reconciliation
• Responsible of the Accounts Payable, Payroll Cycles.
• Preparing Monthly Reports, Bank Reconciliations, …etc
• Preparing MS Annual Budget.
• Preparing Monthly Analysis for Actuals vs. Budget.
• Dealing With Local & International Suppliers, Dealers & Affiliate Co.
• Meeting Deadlines with EOC for Inter-company Accounts ( MS Central Accounting in Ireland )
• Preparing Monthly Analysis of Marketing Spend.
• Responsible of the MYR ( Mid Year Review ) and preparing the forecast for the second half of the year
• Follow up on the Revenue collection of MS Egypt
• Recording W/H Taxes on Purchases, payroll taxes and social insurance
Creating an Accounting System for the Spare Parts Business.
•Resposibile for Accounting & Recording all the Spare Parts Transactions ( Additions, Sales, Warranty Claims, etc…).
•Dealing With Local & International Suppliers, Dealers & Affiliate Co.
•Recording W/H Taxes on Purchases & Sales Tax for both Sales & Purchases.
•Responsible of the Accounts Payable, Payroll Cycles.
•Responsible of the Fixed Assets Register and its Accounting Treatment.
•Resposible of the Accounts Receivable Cycle for both Mercedes & Chrysler Brands.
•Preparing Monthly Reports, Bank Reconciliations, …etc.
• Preparing Audit Programs
• Execution of the audit assignments
• Reviewing audit sections
• Assisting in the preparation of audit and special assignments reports
Professional Assignments:
1- Audit Clients
• Coca-Cola Bottling Companies of Egypt
Alexandria Beverage Industries (ABI)
International Airiated Water Company (IAWC)
Cairo Beverage Industry (CBI)
• Dabur Egypt, Giza National Dehydration (GND)
• Dresser Europe, Roche-Egypt
• Bayer-Egypt Ltd. Smithkline Beecham
2- Special Assignments
• Outsourcing (Accounting Function)
DaimlerChrysler-Egypt
Responsible for the Accounts Receivable, Accounts Payable, Inventory and the Fixed Assets Cycles, including special reports, reconciliations, monitoring credit limits and control policies, responsible for planning the audits of special programs, Participating in preparing the monthly reporting package. Etc..
Coursework included: Accounting Auditing Managerial Finance Marketing & Economics Organizational Behaviour