عماد عثمان

• Directing all financial and fiscal management aspects of the company including accounting, planning, budgeting,
financial control, treasury, effective financial reporting, modeling in compliance with IFRS.
• Negotiate, discuss, and approve all trade agreement with multinational pharmaceutical companies regarding payment
term, commissions, marketing budget, distribution agreement and markup
• Prepare and monitor organization budgets and ensure organizations objectives are being achieved through the
allocated funds, Issue financial reports, lead the month-end closing process and conduct monthly financial forecast
• Prepare and submit all financial reports required for financial risk management and compliance purposes, such as Tax
and Zakat authorities. Provide financial insight and analysis periodically with suggestive actions to drive the business
performance of the organization
• Stay up to date with investment market trends and best practices. Develop and lead the investment and financing
initiatives of the sector. Act as liaison with all partners and stakeholders, accounting firms, bank relation managers,
potential investment opportunity, and multination pharmaceutical companies.

• Improved financial strategy and achieved compliance with country regulatory as well as SOX requirements by defining
company-specific issues & establishing necessary internal controls.
• Owned full responsibility for improved collection fund, income tax, tax returns, cash flow, tax compliance and decrease
bad debt provision to the minimum level.
• Led implementation of SAP financial software and a new version of HFM software.
• Achieved remarkable results within the 2011 internal audit assignment.
• Built and drove the evolution of shared service function, which aided in cost-containment, standardization and process
improvement initiatives.

• Commanded all the accounting, finance, IT and treasury functions. of the company. Instituted financial planning &
analysis best practices, procedures, and processes to drive best in class forecast & planning, managerial & statutory
reporting as well as business insight and analysis.
• Instrumental in establishing a new vision, mission, business goals and objectives of the Company and respective
businesses of subsidiary companies.
• Known for bringing unrivalled analytic horsepower and strategic thinking to the business. Empowering business/
investment decision-making for Senior Management. Uncovering critical business insights that impact key decisions.
• Working with the CEO to create new company strategy and new company investment strategy, co-driving business
planning and executing ambitious growth plan and achieving company and subsidiary companies goals.
• Successfully implemented new ERP 365.
• Ownership for the control environment, refurbished policies and procedures for Finance, investment policy, IT, Risk &
Cyber Securities.
Responsibilities:
• Directing all financial and fiscal management aspects of the company including accounting, planning, budgeting,
financial control, effective financial reporting, modeling in compliance with CMA regulations.
• Establishing complete corporate finance architecture, creating a financial blueprint and aiding in achieving the
companys robust goals. Institutionalizing responsive processes to protect the Companys assets and interests.
• Instituting a robust and high-quality financial control framework that meets BOD/BOD committees requirements.
• Streamlining the preparation of financial reports/ consolidating financial statements that summarize and forecast the
companys financial position.
• Providing strategic advice on commercial allocation of scarce capital resources under prudential constraints.
Developing/implementing a comprehensive capital mgmt. plan. Ensuring integrity/efficiency of cash flow & forecasting.
• Serve as liaison to Bankers, nurturing banking relationships, negotiating innovative financing terms and arranging
institutional financing/funding.
• Coordinating audit activities liaising with Auditors to ensure all statutory requirements are met.
• Superintending, mentoring, and empowering a dynamic team, to be of high caliber, recognizing and utilizing
throughout the business as value-added business partners.

• Upgrade and facilitate the development of Finance department, reorganize the Finance department to reflect a modern and well-functioning.
• Leads the understanding and implementation of the current year GAAP changes and keeps abreast of SCOPA requirements.
• Manages the transition from GAAP to IFRS including advising and training members of the finance team and business leadership on IFRS matters, leading the understanding and implementation of IFRS changes and liaising with IFRS accounting policy experts.
• Upgraded ERP system, upgraded POS system and applied business intelligent tools.
• Ensure timely and accurate compliance with the requirements of the group statutory financial reporting, in line with local reporting requirements.
• Leads the preparation of the annual, quarterly and monthly financial reports and ensures that annual financial accounts are produced, signed off and filed each legal entity, consistent with SCOPA requirements.
• Leads the monthly and quarterly closing process to ensure proper financial closing to underpin the financial reports on consistent basis.
• Leads the liaison and negotiations with the external auditors on audit work plans, timetables, resourcing and fees.
• Support in organizing and maintaining the company at the highest level of financial control and audit standards.
• Monitoring the inventory costing activities, overseeing capex and asset management activities.
• Overall accountability for the integrity of the group balance sheet and income statement and for ensuring that there are appropriate control processes in place that these are complied with in respect of each ledger account.
• Supervising the payroll accounting activities, AP and AR financial activities and ensuring their completion in an accurate and timely manner.
• Maintains the delegation of authority matrix, bank signatory matrix and procedures for the group, ensuring this is regularly kept up to date and is communicated appropriately across the company.
• Testing internal control systems to ensure accuracy and adequate of accounting records and documentations, including appropriate procedures, manuals and standard practice instructions.
• Ensure compliance with all laws and regulations affecting the company and with local regulations issued by government.
• Monitors for compliance with FCPA and for Anti-Bribery and Anti-Corruption requirements of the countries of operation.
• Oversee and supervise the overall tax/zakat strategy across the group and by legal entity.
• Oversee the planning for the tax efficient repatriation of funds and optimization of withholding taxes, VAT and other taxes. Monitoring changes in Zakat/Tax regulations and practice.
• Project leader of IFRS conversion and VAT project implantation.
• Oversee the group’s day to day treasury function, cash management, bank accounts, hedging strategy, cash collection cycle, cashflow forecasting, supervise working capital insights and executive and intra-group financing arrangements.
• Manages the group’s insurance policies and relationships with insurance brokers, optimizing costs and risks across the group.

•Upgrade and facilitate the development of Finance department, reorganize the Finance dept to reflect a modern and well-functioning.
•Lead most transformation initiatives (Medical projects, Medical consumables and healthcare consulting).
•Develop the general framework of financial management, Project accounting module, direct supervision of all business financial management departments, supervising the development of budgets, financial strategies and the preparation of financial reports to company group.

• Under my leadership, refurbished the Finance department in the Middle East region, thus facilitating continuous
improvement, enhanced best practices and governance. Consistently re-engineering SOPs and policies for control
purposes. Developing process changes as needed to achieve improvements.
• Served as collaborator and catalyst, breaking down complex problems into simple solutions and leading through change.
• Total ownership of JV numbers with Philips, ensured that all local JV business &B2B related items are properly recorded,
journal entries, cash receipts, bookkeeping, generate PL and manage cash flow report for each medical project with
necessary civil work or construction work.
• As Finance Leader guaranteed all regional offices (KSA, GCC & Levant) provide their reports on time with analyses
monthly reports, variance analysis presentation, and provides deviation analysis to each BU GM.
• Upgraded SAP implantation project with full structure of finance team to enhance control and team performance.
Responsibilities:
• Spearhead financial functions of the company, defined financial and business strategies for accomplishing
organizational financial objectives.
• Analyzed balance sheet risk factors, managed inventory, vendors disbursement, operation managements and propose
adequate provisions to management.
• Analyzed procurement contracts and recommended ways to improve cost efficiency. Aided with assessing risk
exposure, monitoring compliance, and making informed decisions.
• Led most transformation initiatives for medical projects business acumen. Chaired review meetings/ profitability
review/ performance measurement reporting/analytics of main projects, analyzing, investigating and explaining key
movements and trends in P&L lines. Challenge both sales, PMOs performance & operation team members if there any
deviation from planned profitability.
• Owner of short- & long-term budgetary planning & cost management process, provided expert advice to senior
management to ensure that budgets are on target & reflect the strategic direction of the company.
• Developed financial operations management framework, project accounting module, entrepreneurial project analysis,
strategic direction plan, financial targets, and responsible for the supervision of all business units & financial strategies.
• Embraced next-generation technology and upgraded SAP modules.
• Established procedures to mitigate the group financial risk management, reveal risk assessment, maintain proper
financial analysis, cash flows report for each medical project with all civil work needed.
• Supervised advanced business administration performance, project timeline, country performance management,
yearend close list, management reporting and internal controls.

-Responsible for management of the finance dept., financial reporting and planning process for Equatorial Guinea.
-Ensure all appropriate control procedures and processes around financial reporting are maintained; including segregation of duties, timely account reconciliations, FCPA compliance, Sarbanes Oxley compliance, CSA, Internal and External Audit relationships.
-Participates in preparation and consolidation of quarterly plans and actual results.
-Responsible for analysis and review of monthly and quarterly financial results, both actual and plan and various analysis to management.
-Serves as a key player in managing and analyzing the financial database and being proactive in evaluating and providing information to management for use in assessment of operations.
-Responsible for communicating with other Divisions on financial reporting and accounting issues. Serves as a key contact on financial reporting matters.

•Responsible of all the operating decisions that related to account payables, inventory, authorities, legal issues, taxation, auditors, products delivery, supply chains, receivables, payroll, communications within organization and all administration process.
•Ensure that financial input to business decisions is of first-class quality and provided on a timely basis, and ensure compliance with internal and external standards is achieved in all financial areas.
•Build and maintain relationships with banks and other financial institutions that provide services to our company and employees.
•Develop strategies for optimizing the company’s liquidity and credit availability.
•Preparation and discussion of customers credit limits, Forecasting and reporting of accounts receivable status and leadership in collection efforts, teamwork with receivable specialist.
•Monitor, control and recommend actions on the progress made in achieving the objectives.
•Develop and maintain excellent business support information systems to facilitate current and future evaluation of the business as well as effective decision making.
•Participate in all major decisions which have any financial implications including allocation of support expenditure and pricing.
•Participate in the implementation programs on cost reduction, working capital control, and sales/distribution effectiveness and all other aspects that could result in an improvement of the profitability and cash generating capacity.
•Develop logistical and product supply requirements to facilitate the effective operation of the logistics and supply chain function.
•Supervise the planning of stock level of various products to meet forecasted demand/requirements.
•Supervise and reporting the monthly, quarterly and yearly financial statements.
•Monitor, analyze and control all elements of product costs, distribution expenses and indirect.

Analyze and report to senior management on the working capital, overhead costs, debtors and creditors activity which will facilitate comparison with agreed objectives and enable opportunities for improvement and corrective action taken.Preparing Financial Marketing Information.Preparing financial reports like P& L By Brand Interpret the reports and add analyses and comments.Budget analysis, forecast analysis, variance analysis and justification.Enable management to anticipate problems or opportunities in time to deal with them effectively.Prepare Monthly, Quarterly, Yearly reporting (P&L, Balance Sheet) compliance of worldwide procedures & GAAP to the group in Europe & the HQ in the USA.Cash flow statement & projection (treasury Management).Preparation of the various financial budgets including the development and review of the capital Budget.Developing the annual plan & market analysis.Continuous review of business unit financial process for improvements in efficiency and control.Manage capital appropriations request process. Provide support and guidance in formulation, analysis and submission of capital proposals to include acquisitions, expansions and infrastructure support programs and ensure management approval.Ensure that the company’s accounting systems and controls withstand the rigorous of both internal as external (professional) audits.Manage the accounting department to ensure accuracy. Make sure that positions are properly staffed with the necessary skills (trained and experienced). Ensure all accounting procedures comply with accepted accounting principles. Also comply with all legal and tax requirements and company policies and practices including the development of efficient internal control systems and procedures. Supervision of A/P, A/R, Credit, Collection, Billing, Payroll, General Ledger Accounts & Maintenance and all other accounting functions. Build and maintain relationships with tax/legal advisors and government bodies.

*Record and accounting of standard cost sheet, manufacturing costing, inventories, pricing policy, contracts and all others commercial activities.
*Carrying out all the supervision jobs such as check all accounting entries, daily cash movement and sites expenses.
*Record and settle sub-contractors due and any supplier’s invoices that deal with company (account payable).
*Develop strategic business planning, forecasting.
*Prepare expense analysis of each site.
*Carrying out entire job such as check site operation expenses of all the company sites and invoices of the sub-contractor in order to control company expenses.
*Issue and review customer invoices in order to collect it.
*Maintaining effective financial reports for account receivable
*Advising management on investments and loans for short and long rang financial plans.
*Prepare and write all kind of management letters.
*Prepare monthly cash flow status report, reimbursable status report, client payment and outstanding balance report and site operating fund status report.
*Closing of the balance sheet 1998.
*The budget figure of 1999.
*Manage three accountants reporting to me directly by sufficient way.

Company(Construction, civil
engineering, and maintenance)

*Prepare monthly operating expense summary for all markets (seven markets) in the Middle East region.
*Budget analysis, forecast analysis, variance analysis and justification
*Collect expenses of each market and code by the system of organization. These expenses include debit notes of the agents in Middle East countries and expenses of every market team.
*Record and settle agents due or supplier’s invoices that deal with Company (account payable).
*Record and flow up all fixed assets of the company and make monthly fixed assets report.
*Carrying out the entire audit job such as check expense reports of all the company staff, invoices of the customers and debit notes of the agents in order to control company expenses and money receivable.
*Prepare and write all kind of management letters.
*Prepare expense analysis of sales team and administration team per market and by each item of expenses.
*Dealing with three banks (ten bank accounts).
*Responsible for all banking duties such as transfer funds. Arrange bank guarantee and review the bank statements of each account.
*Make bank reconciliation every month for ten accounts.
*Developing and maintaining effective banking relationship and participating in funding negotiations.
*Prepare cash flow report every month.
*Manage one accountant by sufficient way and around four accountants in the entire Middle East region sent their monthly reports to me.
*Review daily cash movement and approve it.
*Participate in the budget figure every year.
*Responsible for some administration work such as monthly medical expense report and monthly vacation report of all company.