Vice President Finance &
Sai Solutions Group – Smart Furniture.
مجموع سنوات الخبرة :28 years, 9 أشهر
• Enhancing the whole business-30% Finance -20% Administration - 50% business development Help preparing the annual budget and monthly forecasts.
• Prepare internal reports, comment on the development of key figures, as well as analyze the influencing factors and effects of deviations from the plan or forecast.
• Support monthly closing activity for the assigned AREs in the region.
• Do the cost center controlling through plan/actual deviations analysis, forecasting and consultation and alignment with the cost center managers.
• Support the introduction and optimization of new methods and procedures in reporting and performance controlling with the help of digitization initiatives.
• Perform financial analysis on performance of the assigned ARE.
• Support implementation of processes to improve the quality of the financial operations.
• Collect and prepare data to analyze the regional financial value flows.
• Increased company revenue from EGP 1 billion Y2020 to EGP 3.5 billion Y2022 through 6 targeted acquisitions and spearheading a lean management system across the business. Worked closely with cross-functional teams to reverse a downward trend in past-due account collections with better automated outreach.
• Researched and secured EGP 2M line of credit. Used resulting free cash flows to generate an additional $10M per year in revenue.
• Raised sales by 30% by analyzing existing programs and redesigning marketing and advertising spending plans.
• Strong qualifications in developing &implementing financial controls and processes, productivity improvements& change management.
• Negotiated contracts with vendors, and slashed payroll/benefits administration costs 30% by negotiating pricing and fees while ensuring the continuation and enhancements ofservice.
• Maintaining and following up on the assets and property to drive growth & increase efficiency affect bottom-line profit.
• Create the implementation of regulations, decisions, and instructions on financial mat- ters and work to circulate, and explain to all other departments in the company, lead- ing to general transparency in the financial practices in the company.
• Implementing the Sectors senior management directives regarding financial matters in a mannerthat does not contradict accounting principles.
• Maintaining and following up the assets and property to drive growth & increase
• efficiency effect bottom-line profit concerning healthy Cash flow using financing available through Banks.
• Linking the activity to the computer at the main center whenever possible to achieve the transmission of the aggregate data, receive information and exchange between the various activities centers as the development of programs to achieve all the activities of automated systems integrated.
• Coordination with other departments in the company through meetings and periodic communications, to determine their needs of financial facilities and services and work to provide them to facilitate the work of these units and help them to complete the work entrusted to them.
• comparisons with other ways the company might utilize its cash flow (e.g., other possible investments, increased stock dividends, etc.)
• Gauging the companys overall financial health, primarily by using key financial ratios
• Using Financial Systems after transferred from old books and designed chart of ac counts at (Auto line ADP recently, Comsys& AS400 software, in ADP Auto-Line, Comsys & AS400 system (Trends). Increased company revenue from EGP 0.7 million to EGP 325 million through 6 targeted acquisitions and spearheading a lean management system across the business.
• Overall responsibility for the business financial reporting and general ledger, including accurate and timely submission of monthly Management Accounts (local and group re porting) under IFRS.
• Robust internal control system and identifying and mitigating business, commercial, and finance risk
• I led nine persons accounting team handling the business analysis and financial statements
• Using the program for exchange currency and Accounting designed by BIT with my chart of accounts controlling the current cash flow. As well, I worked as a dealer for one year with my responsibility as chief accountant.
• Participates in cost and revenue analyses.
• Coordinates the preparation of external audit materials and external financial reporting.
• Establishes systems controls for new accounting systems and develops proceduresto improve existing systems.
• Gained an excellent experience in accounting, auditing, the taxation system in Egypt etc. at diversified fields especially in manufactures, tourism, floating hotels, and about 25 companies, among of: Novel modern, Modern for Aluminum, Egyptian-German for carton, Nile exploration cooperation, ITTA tours, Amarco Travel, ITAS as following;
• Assist in Preparing a proposed Force Internal Audit Plan (annual plan and annually re- vised three-year audit topics list) to be discussed with the Forces fiscal 5 and with the CFO.
• The annual Force Internal Audit Plan will be approved by the FC.