Group Chief Financial Officer “CFO”
Hafilat Group
Total years of experience :18 years, 8 Months
• Work with the CEO and a 3-member board of directors to develop and execute the financial goals and objectives.
• Plan, develop, organize, implement, direct, and evaluate the organization's fiscal function and performance.
• Manage financial planning and budget (growth focus) for the company with annual revenue of AED 300M+
• Achieved AED 500K savings from bank interests, and accelerated cash flow by AED 7M+ from collection.
• Oversee and check the corporation’s financial position, banking and financing activities and capital structure and check the respect of banking and financial covenants and hedging arrangements, as applicable.
• Responsible for continual improvement of the budgeting process through education of department managers on financial issues affecting department budgets.
• Undertake all aspects of financial management, including corporate accounting, regulatory and financial reporting, budget and forecast preparation, as well as the development of internal control policies, and procedures.
• Managing the company business across 16 global countries - UAE, KSA, Bahrain, Kuwait, Qatar, India, UK, Latvia, Netherlands, Cyprus, Ireland, Spain, Portugal, South Africa, Djibouti, and Uganda “FMCG & Wholesale & Trading and Distribution & E-commerce & Organic Items”.
• Opined new facilities lines to support the company's future business plan - and controlled the existing facilities to reduce the related bank charges and the interest from a total of 11% to 7% per month.
• Chaired the team launching the company’s new products “4 new categories with 26 items” - and controlling the company’s fixed cost which effectively positively increased the net profit.
• Coordinated with the third party to complete the company valuation as a main part of the Joint Venture “JV”.
• Manage the division’s payments, reporting, costing, procurement, credit control, collection, and payroll departments.
• Assist the CEO in developing, for the board's approval, strategic direction, and positioning.
• Directed finance team of accounting, reporting, costing, and finance associations into 4 countries “UAE, Morocco, KSA, Oman” within the group of 17 companies with different fields “Oil and Gas & Manufacturing & Transportation & Food and Beverage & Trading & Real Estate & Construction & Services”.
• Manage the division’s payments, reporting, costing, procurement, credit control, collection, and payroll departments.
• Increased the group net income by 5.10% up from 3.50% in 2018 - and 1.70% up from 5.10% in 2019.
• Managed the team of implemented the full industry analysis of new factories “Aluminum, Metal Coating”.
• Saved AED 1.5+ million in labor expenses run rates and shifted workforce from 30% low-cost to 52%.
• Reducing the company cash conversion cycle from 180+ days to 60-90-120 days as per each industry field.
• Supervised the team of implementing the group’s ERP new system.
• Achieved 7% growth in “Sweden, China, Iraq, Syria” within 2015 “Wholesale & Retail & Electronics & Logistics”.
• Led central financial planning and analysis team supporting the CEO & the COO and the board of directors.
• Developed high-performance finance team to drive disciplined growth and strengthen controls, for growth.
• Participate in key decisions as a member of the executive management team.
• Maintain relationships with bankers and financial institutions.
• Accountable for the administrative, financial, and risk management operations of the group.
• Reviewing the cash balances, cash forecasts and arranging for debt and equity financing.
• Supervise a team of 5 bankers, and provide leadership, guidance, and development to everyone in the team.
• Review all financial statements of clients; prepare the financial analysis, creating new financial models.
• Determined the financial gap which companies need and the best method to finance.
• Assemble spreadsheets and prepare charts and graphs to illustrate technical financial reports.
• Review financing security documentation as per approved terms & conditions prior to the disbursement and ensure securities and collateral are in line with the credit policy requirements.
• Monitor post-disbursement credit controls to keep standards of credit policy, procedure, and contracts’ terms.
• Managing the credit limit expiry & intimate the business units well in advance of the end of the credit limit.
PRORESSIONAL CERTIFICATE IN CORPORATE BANKING CREDIT – 2010 (AUC) American University Cairo, Egypt
(P.A.C) "PROFESSIONAL ACCOUNTING CERTIFICATE" 2009 ARAB ACADEMY FOR SCIENCE AND TECHNOLOGY Alexandria, Egypt
Diploma in Financial Accounting and Auditing
B.S.: ACCOUNTING 2005 UNIVERSITY OF BUSINESS AND COMMERCE Alexandria, Egypt
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