سامر عمر

Duties & Responsibilities

• Lead the company thinking around finance and control, working very closely with the company controller, treasurer and corporate planning department, to develop the financial and corporate strategies of the company.
• Ensure strong relation with financial community and compliance to supervisory authority.
• Lead the design of the optimum capital structure and financial strategy for the company, keeping in mind both current-business capital expansion, investment in new businesses / outside acquisitions, asset divestment, and short-term cash optimization.
• Provide the necessary input and advice to the CEO and the Board in terms of the company’s overall financing strategy.
• Ensure that Corporate Finance strategies and policies (including treasury, finance, risk management and controlling) are designed and then implemented across the company and new ventures.
• Ensure the performance management process across the Company is complete and thoroughly followed. Ensure accountability across all levels within the business. Work with all business units heads to link the business performance management process to that of individual performance management (appraisals) across all staff and senior management levels.
• Define various corporate financial policies and procedures.
• Lead the management of change projects in financial areas providing skills necessary to maintain an emphasis on continuous improvement.
• Work across the Company to achieve the effective integration of various finance programs, and develop an external network of professional/ technical contacts to maintain an up-to-date knowledge of finance and financial planning.
• Ensure to stream line corporate strategy and keep track of its business strategic objectives.
• Work closely with the CEO, advising and analysing the company business units as a portfolio of investments and making proposals on capital allocation decisions.
• Internally, need to have a close working relationship with all functions.
• Externally, need to have and/or develop a close working relationship with external auditors, major investors, banks and multilateral agencies in the main regions where the company’s operations are located.
• Comply with policies set by the CEO.
• Ensure that the Company gets value for money from its business activities, secures the adequate resources for its operations and closely manages the performance of its business units.
• Establish and monitor the annual budget, capital expenditure projections and investments to help CEO for management by exceptions.
• Establishes and monitors financial short and long-term liquidity plans in line with overall business strategic goals and objectives.
• Participates in developing new businesses.
• Identifying and negotiating new funding opportunities from import/export Banks and monitors all banking-related issues.
• Reviews, directs, and maintains all financial functions, including forecasting, modeling, budgeting, projections of sales and profits against actual figures, managing cash-flow, payables, receivables, monitoring, and reporting components.
• Directs, develops, and implements adequate measures to improve the quality and efficiency of the finance department’s performance.
• Monitors the capital and actual operating expenses against budget to ensure that they are in line with company’s policies and procedures.
• Directs and controls financial analysis and feasibility studies to identify profit improvement opportunities.
• Provides advice to management and other departments on resource allocations, budgets, and financial reporting arrangements.
• Establishes and maintains a communication system that ensures effective liaison between the Finance Department and external banks, financial institutions, and internal departments.

Duties & Responsibilities

• Lead with the management team on ensuring that Company operations are conducted within budget.
• Ensure full control on company’s assets. Ensure adequate control on the company’s inventory.
• Ensure the company’s policies are strictly adhered to including the credit policy.
• Work with company finance team to implement and further develop and financial management schedule for reporting, invoicing, budget planning and cost reviews based on the reporting requirements.
• Produce management reports to highlight variances to budget/forecasts and recommend action to deal with variances.
• Routinely report to the executive team and the higher management on financial performance including the production of regular management accounts.
• Produce annual accounts ensuring compliance with relevant laws and best practice.
• Liaise with auditors and ensure appropriate follow up on issues raised.
• Liaise with IT team to implement the accounting system software and any future updating.
• Ensure that financial records are up to date and maintained in a secure manner.
• Ensure that records and supporting documentation are stored safely for the time agreed with auditors and as required by the respective laws and regulations.
• Ensure accurate and timely processing of Company’s payroll.
• Work with the General Manager to ensure that financial and performance reporting links to Key Performance Indicators (KPI’s) and objectives.
• Be committed to own personal development, actively contributing to own periodical reviews and appraisals and taking up and pursuing training opportunities in accordance with own personal development plans and organizational need. Agree own KPI’s and objectives with the General Manager, the achievement of which will ensure delivery on the Company’s business plan.
• Lead on providing, preparing and managing budgets including providing supporting information.
• Lead on producing financial forecasts.
• Ensure healthy relationship with the bank, Manage the bank accounts effectively.
• Liaise with Government Departments and external agencies such as the Zakat and Income Tax Dept., Labor Dept., Ministry of Finance and Custom Dept. to ensure Company complies with statutory requirements.
• Liaise with external service providers such as auditors and insurance companies to ensure the provision of high quality services that demonstrate value for money.
• Undertake all steps necessary in order to ensure Company’s financial probity and compliance with legal requirements.
• Actively support Company’s culture, mission and values throughout Company services.
• Ensures that approved financial and accounting policies and methods and procedures are observed at all times.
• Directs the design, installation, and proper maintenance of all accounting books, records and forms. Coordinates with Accounts team in establishing and maintaining financial data bases.
• Maintains the security and confidentiality of all accounting
• Develops and recommends procedures to streamline product costing and makes computation of costing of each product easier and more reasonably accurate.
• Compares budgets with actual. Analyses and explains reasons for material variances both favorable and unfavorable.
• Preparing budgets, forecasts and projected operating costs.
• Reviewing actual operating results and analyzing variances from budgets and forecasts and preparation of budgets variance analysis report for the management.
• Continuously developing financial management information systems.
• Providing management information at executive level and budgetary information at operational levels which allowed expenditure cuts to be implemented with the minimum reduction in patient care.
• All accounting functions, systems, procedures and stream lining internal checks and controls in operation.
• Consolidation of the company results and preparation of the annual and interim accounts.

I have Audited Industrial, Contracting and Trading Companies Such as:

• Saudi Railways Organizations
• Abdullah A. M. Al-Khodari Sons Co. - Group multifaceted contracting
• AL-Khodari Industrial Trading & Services (KITS)
• SAMI Abdulla AL-Khodari & Partners CO.
• Saeed Raddad Group ( SRG )
• Dammam Palace Hotel
• AL-DERBAS - Group
• Al Ghazzawi Group
• Baghlaf Al Zafer Holding Group
• Nasser Bin Hammad Al-Zara - Group
• NAJD Automatic Laundry CO.
• Hawa factory for the manufacture of electrical accessories - Group
• ALI H.AL-YAMI & Partner CO.-Trading & Contracting
• El Mandab Contracting

Duties & Responsibilities

• Planning and scope of all audit engagements. This includes coordinating and requesting the financial records and materials the client needs to produce.
• Helps develop a list of all company employees who will be interviewed during the audit process.
• Establishes what financial areas and records will be examined. This will generally include the accounts receivable (AR) records, account reconciliation reports and financial statements.
• The planning phase includes assigning staff and senior auditors to the engagement, assigning the workload to the auditors and setting the engagement dates.
• Responsible for reviewing all of the required materials for accuracy, this includes all of the account and vendor verification work, account reconciliation reports as well as financial statements and ratio analysis reports. Ratio analysis is the use of financial statement information to determine a company's liquidity and solvency. Complete the audit in accordance with all compliance guidelines, including Generally Accepted Auditing Standards (GAAS) and Generally Accepted Accounting Principles (GAAP).
• Perform tests of internal controls to ensure effectiveness
• Perform substantive testing of account balances to determine reasonableness
• Evaluate the client's controls and procedural standards. The controls include proper separation of duties for financial staff as well as a consistent process for reconciling inventory, AR, vendor billings and general ledger accounts.
• Once the audit is complete responsible for Prepare and present to management reports on audit findings that outlines the results, which might include material misstatements of financial information or severe control deficiencies, and provide recommendations on improving these shortcomings in the future.
• Participate in a study and evaluation process to assess companies for the purpose of separation or join a partner or acquisitions for companies.
• Carry out the examination of special purpose as request from owners or court.

*From Sep. 1993, till Jan 2005 at The Central Auditing Organizations (CAO) "The Biggest Audit Firm in Egypt”, I Had Audited Shareholders Industrial Companies Such as:

• The Holding Company for Food Industries
• The Holding Company for Bate& Mills
• Eastern Company for Cigarettes
• Nile Oil & Detergents Company
• The National Company for Maize Products
• El-Montazah water Desalination Company
• Cairo Oil & Soap Company


Duties & Responsibilities


# Do all kinds of audits include financial and audit review costs, performance evaluation, as well as review the soundness of actions in both financial decisions, administrative, marketing, financing with reporting the outcome of the review process, Complete the audit in accordance with all compliance guidelines, including Generally Accepted Auditing Standards (GAAS) and Generally Accepted Accounting Principles (GAAP), events With the following: -
• To review the lists of industrial costs of products and components of the costs covered by the (materials / wages / expenses), either directly or indirectly
• Review unit production costs and the impact of cost-manufactured variable and fixed and pricing method.
• Review and estimate input and output the appropriateness wastage rates (resulting from the manufacturing processes) and identify negative and positive deviations with work to assess the efficiency of the systems in place costs and adjusted according to the actual reality of the production and operation.
• Comparison Standards or Estimated costs with actual costs and identify deviations investigates the causes and then make proposals to resolve for reduce negative deviations and maximize the positive deviations.
• The actual inventory and observation of all the assets operations.
• Validation balances liabilities long / short.
• Review expenditure items and assess compliance with the rules of exchange established in the light of the financial regulations accredited.
• Verification of the validity of revenue items.
• Audit of the financial statements of the validation of each presentation and disclosure items and important as well as the lack of material misstatement affect the decision-maker.
• Review the decisions of investment in fixed assets with determine rate of return on investment.
• Review of civil works projects comparing accomplishments with conditions financial contract and actual works.
• Review investment decisions in commodity stocks taking into account in determining the breakeven point and best use possible varieties of Standing and waste either recycled or disposed of.
• Review selling policies to customers with the study of credit limits to each client.
• Review budgets and financial statements of the holding companies.
• Review mergers between companies and their implications.
• Review Settlement bank, according to bank accounts and books in order to verify the authenticity of the balances.
• Review the decisions and procurement procedures (external, local) and the extent of compliance with regulations and laws.
• Review budgets with assumptions and projections prepared accordingly.
• Carry out the examination of special purpose in order to discover the fundamental errors or fraud affecting the items shown in the financial statements and assessment of the adequacy of the notes.

*From May 2000 Till May 2001 (internal loaned) at Electrostar Group, Subsidiary Companies:

• Electrostar for Engineering Industries Company
• EI-Nigma Industry Company
• Electrostar Plastic Industry Company
• Electrostar Commercial Company

Duties & Responsibilities

• Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs.
• Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.
• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
• Supports external auditors by coordinating information requirements.
• Provides financial control information by collecting, analyzing, and summarizing data and trends.
• Protects organization's reputation by keeping information confidential.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Contributes to team results by welcoming new and different work requirements; exploring new opportunities to add value to the organization; helping others accomplish related job results as and where needed.
• Monitor the implementation of laws and regulations on work systems in financial, administrative and commercial company and evaluate systems and internal regulations of the company and their application.
• Follow-up implementation of decisions and recommendations of the Board of Directors and verification of the implementation of these decisions.
• Control and Follow-up to the payment made to subcontractors and suppliers and to ensure compliance according to the needs of enterprises.
• Oversee the review and follow-up contracts with subcontractors and suppliers of interest between the company and others from the financial and follow up the commitment by.
• Follow-up cash inflows and outflows of the projects and determine the expected shortfall in liquidity for the possibility to take measures calculated to prevent the interruption of the projects on the implementation of plans.
• Laid the foundations for financial audits of the company, in accordance with the auditing standards of professional "standard of internal audit."
• Conduct an examination for special purposes and for the financial accounts receivable and payable for access to the health of balances of such accounts and make sure there are no material errors affecting the peace of those accounts.
• To inspect the documentary - on the basis of the tests - with
• Overseeing the financial activity studies and the results of the company and carried out by the Department of Finance to determine accuracy indicators used.
• Coordination with the concerned departments of the company to achieve the objectives of the review process.
• Work on the preparation and submission of quarterly reports the results of the work for Track any irregularities or deficiencies in implementation and submission to the Board of Directors.
• Directing subordinates to methods and steps of review applicable and make sure all the clarity of regulations and systems-based financial company to them.
• Coordination with the company's outside auditor to obtain an understanding of the organizational structure of the company or in the performance of control tests or verification tests, which he deems necessary to complete the process of reviewing the financial statements.
• A general and comprehensive evaluation of the control systems and internal control of group .