CFO
Quality Egypt
Total years of experience :30 years, 0 Months
Drive the company’s long-term business & financial planning
* Decide on investment strategies by considering cash and liquidity risks
* Control and evaluate the organization’s fundraising plans and capital structure
* Ensure cash flow is appropriate for the organization’s operations
* Providing leadership, direction and management of the finance and accounting team.
* Establishing and developing relations with senior management and external partners and stakeholders (Customers, vendors, subcontractors, creditors…)
* Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting
* Set up and oversee the company’s finance IT system
* Ensure adequate assessment and mitigation of risk, and compliance with applicable regulatory or other legal requirements.
* Supervise and oversee the company’s IT department.
* Supervise and oversee the company’s Purchasing, Procurement & Store department.
* Reviewing all formal finance, HR, Purchasing and IT related procedures
Lecture planning, preparation and research
* Contact and teaching time with students
* Checking and assessing students' work
* Encouraging personal development via tutorials
* Attending staff meetings
*Seek for constant process improvements and harmonization, define new processes and issue guidelines, directives or work Instructions where necessary.
* Develop and maintain appropriate internal control and ensure applications of policies.
* For onshore activities, ensure that legal and administrative obligations are well implemented for the Project such as Tax or obligations relevant to the structure (Branch or Subsidiary). For financing, ensure consistency between the Contract and the financing arrangements. For partnership (JV, consortium, SEP …), ensure follow up of the financial aspects in compliance with the partner agreements.
* Responsible for the accuracy and transparency of data produced to Management.
* Prepare and present the monthly financial reports to management with detailed financial statements and appropriate analysis and commentary on variances to budget.
* Interface with corporate for new tools, indicators, reporting and follow HQ reporting rules and procedure.
* Prepare the annual budget and the quarterly forecast process, calculating the annual direct labor hourly rates and the overhead predetermined rate.
* Monitor and analyze financial data and their consistency in meeting deadlines (budgets, actuals, forecasts…) on a perimeter of sites determined to complete autonomy, and represent the pole with them
* Lead negotiations with banks, external auditors, lawyers, tax advisors, suppliers, partners and customers.
* Provide advice and recommendations to the bid team on key commercial issues, risks, liabilities and opportunities.
* Manage treasury at country level. Forecast cash flow positions and available funds. negotiate and improve banking relationships and cash management solutions.
* Ensure compliance with country laws, regulations and taxation policies
* Identify, assess, monitor and mitigate all financial risks
* Oversee administrative policies to ensure efficiency and cost effectiveness in: procurement services, office facilities, property and asset management, travel and insurance.
* Provide support and technical advice to top Management on any legal cases that may arise and minimize risk and legal liability when possible
* Ensure the proper implementation of performance management system, including job description development, regular feedback, periodic reviews and annual performance appraisals.
* Identify necessary staff development, career development and succession planning strategies
* Review and approve the monthly payroll and the monthly reconciliation provided by HR
Reporting directly to VP Finance South Europe.
Job Responsibilities:
* Consolidate and review the region P&L reported by the countries on a monthly basis.
* Schedule the Business reporting deadlines, in line with Sector and Corporate deadlines, Ensure deadlines are achieved on time.
* Establish guidelines for budget and forecast preparation
* Ensure comprehensive analysis and control of business results monthly, incl. detail by project and unit, comparison to Budget and previous Forecast for revenues, Margin and Free Cash-flow
* Ensure Units financial data are challenged, managed and compliant with ALSTOM GAAP
* Ensure accurate and reliable financial information and report the same in a clear understandable way to the management and partners (e.g. overdues, expired bonds, inventory turnover, order book flows)
* Ensure Inter group positions are reconciled between Reporting Units
* Preparation of report formats for Businesses with Sector
* Review and report Risks and Opportunities on Key Performance Indicator's in Business's Forecast and Budgets
* Ensure proper implementation and monitoring of finance related Sector or Corporate processes, initiatives and directives
* Participate in Sector reporting initiatives and tools development
* Review and control Cost centers and Overheads, ensure common treatment within the Business
* Ensure correct cost center allocations, recovery rates and overhead rates for tender calculations being regularly assessed
* Managed the implementation of SAP B1 in the Transport unit in Egypt and integrated all the specific financial issues for the Transport activities. (WBS, Indirect coef. Ki/Kp calculations…).
* Managed the deployment of ADEL (Project follow up tool) in the Transport unit in Egypt and the interface between SAP B1 & ADEL.
* Act as costing manager in the commercial / tender phase of the projects to support all specific financial demands (Optimization of the contract financial terms, financial risks / savings, financial plans / forecasts, cash curve), using Mercury (Costing tool). Review and validate the costing calculation for the unit's offers.
* Prepare, along with the Project Manager, the periodic Project Reviews with all relevant financial
Analysis.
* Challenge the Estimate to Complete in order to maximize the Project Margin.
* Manage cash and follow-up the implementation of cash improvement actions on the projects.
* Work in coordination with the teams’ financial headquarters and manufacturing sites in Europe.
* Act as liaison with central accounting organization to ensure the Business receives proper support and that the business meets its reporting requirements.
* Interface with the corporate reporting on matters concerning the SAP (Accounting tool), Teranga (Reporting tool).
* Understand and assimilate the problematic long-term contract and activity to ALSTOM Transport.
* Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner
* Worked as project controller for the main following projects:
Greater Cairo Metro Line 3 - Signaling, Driving Modes, and centralized control.
Greater Cairo Metro Line 3 - Electromechanical.
52 units line 1 Renovation.
Handling all treasury duties.
* Comparing the actual monthly costs of the projects with the budget.
* Leading a staff of 3 employees carrying daily tasks of receivables & payables.
* Having a principal assistance to the Financial Manager for the issuance of the Balance Sheet.
* Maintaining the international human resources data base of Alstom "ALPS" for Egypt Branch.
* Maintaining all fixed assets accounts and calculating depreciation.
* Preparing the necessary analysis to the external auditors.
* Following up the clients invoices (issuing - approval - collection).
* Forecasting the cash flow and liquidity needs and taking the decision of transferring funds in between of our several accounts (in EGP, EUR and USD) including creating deposits.
Issue and follow up the monthly certificates of payment for the clients (technical approval - financial approval - collection).
* Issue and follow up all the letters of guarantee for the projects (bid bond, advance payment bond, retention money and performance bond).
* Follow up the suppliers and subcontractors' LGs.
* Handle all the banks accounts and prepare the banks reconciliation.
* Analyze all the balance sheet accounts at the end of the year.
Hold a petty cash.
* Prepare the withholding tax (declaration and payment).
* Contribute in the payroll process.
* Follow up the suppliers and subcontractors' invoices (coding, allocation, technical approval and payment)
,
courses: Certificate of appreciation for participating in Project Accounting Training
courses: : Certificate of completion of SAP Business One Training
courses: Certificate of appreciation for participating in Internal Control Fundamentals Training
courses: Certificate and Commitment in Good Finance Practices.
Faculty of Commerce
: "Diplôme Supérieur De Français Des Affaires". Chamber of Commerce & Industry,
: "Certificat Pratique De Français Commercial et Economique". Chamber of Commerce & Industry,
Faculty of Commerce
:
: "Alliance Francaise”