Group Financial Manager
Porto Holding Group
Total years of experience :23 years, 4 Months
Financial Manager is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Also, Financial Planning and Strategy, Managing Profitability, Strategic Planning, Vision, Quality Management, Promoting Process Improvement, Forecasting, Corporate Finance, Developing Budgets, Financial Skills, Dealing with Complexity
Provide support to Operations group, through information analyses (e.g. current processes, actual performance vs. budget and prior year, budget
preparation of operational data/analyses for publication to various constituents throughout company (Management, Sales, Product Manage, Operations, etc.) who rely on/benefit from the information to make informed business decisions. Primary responsibilities will include assisting Operations team in the Monthly Operations Review, identification of areas for cost reductions and operational improvements, annual budget process, periodic forecasting, and periodic analysis of operations performance.
Work Experience History (More Than 20 Years, )
1- Porto Holding Group Qatar (Group Financial Manager ) present
7 Companies:
- Brick Stone contracting -Porto Real Estate -Porto Services
- Porto facilities Managements -Professional Pools-Tinpo infra constraction- FoodDain.
2- Almisnad Group Companies ( Group Financial Manager ) Qatar
From 2008 to 2017 7 Companies:
- Amisnad ready Mix and Blocks -Amisnad trading- Amisnad joinery
- Amisnad spare parts & Maintenance - Albarq Transportation trading-
- Diamond Development- Sharq Medical Center
Skills
Cash Flow control Management accounts
Budget preparation Financial forecasting Economic awareness Interpreting financial data
Auditing Strategic thinking
Predicting future trends Supervisory skills Financial regulations Decision making Managing budgets
Effective delegation Conflict resolution Effective delegation
Attention to detail Communication skills
Good IT knowledge Presentation skills Problem solving Analytical mind High levels of integrity Negotiating
- Maintain in-depth relations with all members of the management team
- Manage the accounting, human resources, investor relations, legal, tax, and treasury departs
- Oversee the issuance of financial information and financial Report to the board of directors
- Monitor and direct the implementation of strategic business plans
- Develop performance measures that support the company's strategic direction
- Risk Management and elements of the company's risk profile, Maintain relations with external auditors and investigate their findings and recommendations
- Fund management like Monitor cash balances and cash forecasts; Arrange for debt and equity financing
- Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
- Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
- Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with the investment community.
- Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
- Forecast and manage the cash flow positions.
- Use hedging to mitigate financial risks related to the interest rates on the company borrowings, as well as on its foreign exchange positions
- Budgeting preparing and managing and analyze the result and Report to management on variances from the established budget, and the reasons for those variances
- Engage in ongoing cost reduction analyses in all areas of the comp
- Manage the capital budgeting process, based on .
Financial Manager is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Also, Financial Planning and Strategy, Managing Profitability, Strategic Planning, Vision, Quality Management, Promoting Process Improvement, Forecasting, Corporate Finance, Developing Budgets, Financial Skills, Dealing with Complexity
Provide support to Operations group, through information analyses (e.g. current processes, actual performance vs. budget and prior year, budget
preparation of operational data/analyses for publication to various constituents throughout company (Management, Sales, Product Manage, Operations, etc.) who rely on/benefit from the information to make informed business decisions. Primary responsibilities will include assisting Operations team in the Monthly Operations Review, identification of areas for cost reductions and operational improvements, annual budget process, periodic forecasting, and periodic analysis of operations performance.
Work Experience History (More Than 20 Years, )
1- Porto Holding Group Qatar (Group Financial Manager ) present
7 Companies:
- Brick Stone contracting -Porto Real Estate -Porto Services
- Porto facilities Managements -Professional Pools-Tinpo infra constraction- FoodDain.
2- Almisnad Group Companies ( Group Financial Manager ) Qatar
From 2008 to 2017 7 Companies:
- Amisnad ready Mix and Blocks -Amisnad trading- Amisnad joinery
- Amisnad spare parts & Maintenance - Albarq Transportation trading-
- Diamond Development- Sharq Medical Center
Skills
Cash Flow control Management accounts
Budget preparation Financial forecasting Economic awareness Interpreting financial data
Auditing Strategic thinking
Predicting future trends Supervisory skills Financial regulations Decision making Managing budgets
Effective delegation Conflict resolution Effective delegation
Attention to detail Communication skills
Good IT knowledge Presentation skills Problem solving Analytical mind High levels of integrity Negotiating
- Maintain in-depth relations with all members of the management team
- Manage the accounting, human resources, investor relations, legal, tax, and treasury departs
- Oversee the issuance of financial information and financial Report to the board of directors
- Monitor and direct the implementation of strategic business plans
- Develop performance measures that support the company's strategic direction
- Risk Management and elements of the company's risk profile, Maintain relations with external auditors and investigate their findings and recommendations
- Fund management like Monitor cash balances and cash forecasts; Arrange for debt and equity financing
- Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
- Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
- Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with the investment community.
- Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
- Forecast and manage the cash flow positions.
- Use hedging to mitigate financial risks related to the interest rates on the company borrowings, as well as on its foreign exchange positions
- Budgeting preparing and managing and analyze the result and Report to management on variances from the established budget, and the reasons for those variances
- Engage in ongoing cost reduction analyses in all areas of the comp
- Manage the capital budgeting process, based on .
Chief Accountant For Almisnad Ready Mix 2003 to 2008
MAJOR RESPONSIBILITIES AND DUTIES:
Oversees the daily accounting activities required to maintain the Authority’s general ledger.
Supervises, directs, and reviews the work of the accounting staff (including, but not limited to, cash
• Responsible for day to day finance and accounts operations
Reconciliations, trust account statement reconciliations, check runs, accounts receivable transactions,
Fixed asset activity, payroll, accounts payable transactions, debt activity, recording of revenue and Expenses, etc.).
Cash management (including placement/movement of funds in various trusts).
Maintains organized set of detailed records and files to document financial transactions.
Resolves complex accounting issues or assists other Authority personnel in resolving financial issues.
Reviews general ledger on a monthly basis to ensure accuracy of posting.
Produces financial reports involving the Authority’s trust accounts for monthly board meetings.
Coordinates monthly, quarterly, and annual closing activities.
Produces quarterly and annual financial statements and ad hoc financial reports.
Makes and implements recommendations to improve accounting processes and procedures.
• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
• Review & approve payment vouchers & journal entries
• Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
• Issue project cost reports for review and approval.
• Develop and maintain internal control and effective accounting system and policies for the set up.
• Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
• Maintaining accurate and up to date records of all financial transactions
• Using various software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data for accounting and reporting purposes
• Reconciliation of bank statements
• Advising on the improvement of financial management system, internal control system, the use of financial management software, the medium-‐term and program budgeting
• Cooperation with external auditors to carry out annual external auditing
DUTIES AND RESPONSIBILITIES
* Prepare all necessary work papers both simple and complex for the preparation of the annual financial report. Provide year-end financial statement to external auditors, prepare the statistical section of the financial report, coordinate production of audited annual financial report.
* Develop and implement accounting controls, policies, and procedures to ensure that the assets, liabilities, revenues, and expenditures of the organization are properly stated and accounted for in the GL.
* Regularly audit and review subsidiary ledgers for reconciliation to the GL including accounts payable, inventory, petty cash, janitorial supplies, and financial software.
* Prepare financial statements and analysis as needed for department, management, and committees.
* Assist in interviewing and hiring personnel; instruct and train all employees on correct methods and procedures in conformity to generally accepted accounting principles; monitor and inspect work in progress to ensure continuity and timely completion of work; supervise, review and evaluate employee performance.
* Coordinate and direct the preparation of the payroll budget and payroll related forecasts and reports, instituting and maintaining other planning and internal control procedures.
* Responsible for Fixed Asset additions, deletions, and depreciation schedules balanced to year-end financials.
* Prepare, manage and coordinate annual audit with outside auditors and departments. Process payroll for department.
* Prepare Financial Department's 5 year budget and assist with input of entity's budget amendments, budget preparation and revenue forecasting.
* Reconcile accounting entries, and calculate complex annual interest computations on pension balances.
* Evaluate various revenue sources and trends for planning and ongoing cash management.
Main Responsibilities
• To oversee and manage all accounts and Financial aspects
• Develop, implement and monitor work plans to achieve goals and objectives;
• Contribute to the development of and monitor performance against the annual budget;
• Prepare comprehensive financial statements including regular and detailed cash flow projections.
• Participate in preparing and presenting quarterly financial reports
• Compiling the Comprehensive Annual Financial Report, including developing the statistical section;
• Assist in developing and compiling the annual budget; assist in the review and preparation of budget estimates;
• Provide financial and budget information to other departments and assist in resolving questions and issues;
• Prepares the monthly treasurer’s report, comparing budget versus current actual revenues and expenditures;
• Record investment transactions and prepare monthly investment portfolio schedules;
• Carry out and/or supervise utility billing processes, payment processing and collections;
• supervise cash receipt and control of other types of remittances;
• Utilize accounting system functionality, prepare and post adjusting and recurring journal entries and update general ledger accounts for monthly revenue and expenditure transactions;
• Coordinate and oversee the internal and external audit of the accounting records, financial statements and special funds
• Establish and maintain internal control procedures and ensure that accounting standards are met.
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Accounting And Finance equivalent, Bachelor's degree/higher diploma, Accounting At University Of Zagazig, Egypt Completion Date : June 1995
University &