Executive Director
Abaad AL-Majal Trading Company
Total years of experience :26 years, 9 Months
Develop the company's budget and participate in the budget
Creating job opportunities for the department
- Submitting reports to the Board of Directors and working towards taking the appropriate decision
Developing strategic plans for the company
Drawing up the company according to its plans and policies from the general policy and objectives and following up on it after its approval
Drawing foundations and standards for corporate governance that do not conflict with the provisions of the Law, the Regulatory Regulations, and the Regulatory Regulations
- Preparing organizational and institutional regulations that ensure the company's implementation, achievement of its objectives, and follow-up on their implementation
Implementing and circulating the company's systems, bylaws, decisions, and instructions
- Providing the company's needs of programs, projects and necessary equipment
Proposing rules for investing the surplus of the company's funds and mechanisms for activating them
Drawing up government development plans and programs that are reflected in improving the company's performance and development
Drawing up a written policy that regulates the relationship with the beneficiaries of the company's services and ensures that the necessary care is provided to them and announced after its approval
Upgrading the company's services
Follow-up of the company’s business and set indicators to measure performance and achievements at the level of plans and resources, verify its direction towards goals, address problems and find solutions to them.
Participation in the preparation of financial reports and the draft estimated budget in accordance with the standards considered as a prelude to their approval
Preparing the job calendar for the company's employees and submitting it for approval
Issuing circulars and instructions related to the workflow in the company
Supervising all activities and events of the company and submitting reports on them
Preparing periodic reports for all the company’s business, explaining the achievements and obstacles, and means of remedying them, and submitting them to the Board of Directors for approval
Any other tasks assigned to him by the Board of Directors in the field of his competence
Achievements this role includes the following:
Planning, design and development of financial strategies and plans.
Monitor AP, AR & credit management with analysis and Business planning.
Ensure that financial Policies and procedures in compliance with IAS, IFRS & US GAAP.
Lead the preparation budgets, forecasts, Business plans and planning of financial management.
Achieving benefits & administration costs 30% by negotiating pricing and fees, while ensuring the continuation and enhancements of services & this change makes a dramatic improvement in the profitability. Leading the developing of the restructuring process for financial management.
Manage & motivate a strong successful team of 12 accountants to ensure the accurate and timely financial & management reporting.
Responsible for Financial Reporting and Control, Business Planning and Analysis, Treasury, Liquidity Management and maintaining the integrity of the Financial systems.
Manage working capital, Cash flows and ensure that all relevant monthly flows are collected in accordance with the monthly model & manage commercial credit conditions
Reporting to CEO that serve Top management in achieve the company's goals at the lowest possible cost.
Supervise on Inventory Control & Management, assembling and classification of production and distribution costs, and follow-up the actual stocks and determine the cost of inventories.
Examination and analysis of the various funding sources to determine the best financing available for the development of the structure of the financing operations of the company.
Study financial ratios & financial analysis for all financial statements and issue financial reports to determine the appropriate administrative decisions.
Supervision and follow-up contracts and transactions for suppliers and confirm and approve checks payable to them and other means of payment.
Set and coordinate follow-up plans, control and periodically monitoring addition to evaluation of investment suggestions,
Expenditures planning, financial costs, arranging solutions and develop plans to face the costs and capital restructuring.
This role involves the same previous financial tasks & decisions
Planning, design and development of financial strategies and plans.
Set and coordinate follow-up plans, control and periodically.
Liaison & coordination work with internal and external auditors, Banks and regulatory agencies.
Implement budget and forecast preparation schedule by collecting relevant business data and provide relevant analysis & feedback reports including profit & Loss, balance sheet and Cash Flows statements.
Evaluates internal and external audit recommendations & provides feedback to Management.
Work with Internal Audit manager, discuss, review areas of potential & actual financial risk.
Internal audits & establish effective controls for flexible and easier work and connect the financial management with various departments.
Supervising the implementation of the financial programs & support the finance controller to make sure that all the company's accounts is recorded, reviewed and documented in accordance with the standards required to ensure effective and efficient financial management.
Risk management & risk estimate to safeguarding the assets affecting the Company and importance Materiality and Make sure that enough reserves to assets safeguarding.
Control on the customer balances and the work of the necessary analysis and advice to top management to take the appropriate decision to customers.
Key Accountabilities includes the following:
Planning, supervision, and follow-up for audits transactions and the audit carried out by the auditors and Prepare audit work programs. Preparing audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions.
Organizing and supporting the auditors and the audit take responsibility for decisions.
Responsible for assurance over the adequacy, effectiveness, and efficiency of financial and operational controls through conducting internal audits.
Responsible for performing the audit field work and ensuring high quality of working papers.
Develop and implement plans audits to ensure that the audit of the company's commitment to financial procedures and regulations.
Carrying out audit transactions, reviewing and preparation of reports and submit them to the audit manager.
Determine the type and method of the examination to make sure that all operations are subject to a sound systematic review.
Review and evaluate the system and procedures of internal control and to make sure of its accuracy.
Make recommendations in the case of the discovery of failure or poor performance and financial control.
Doing examination for notebook and documentary to accept, reject or correct the financial statements.
Adoption financial operations documents and express an opinion on their validity and compliance with the financial process and Review of computer output and validating and security
for this role,
Preparation of revenues and purchases analysis on a periodic basis and submit them to top management.
Preparation of adjusting entries at the end of the financial period based on instructions financial manager.
Supervise on the registration of accounts payable operations and issuing payment orders on time.
Supervising the preparation of payroll for employees and make sure they are correct and matching.
Organizing and documenting of accounting documents and financial documents before the start of entries accountants and recorded in the accounting records.
Distribution of work on accountants and solving the problems they face and evaluate their performance.
Supervise on the preparation of reconciliation statements and journal entries for banks and provide it to financial manager for review and adoption & Ensure timely follow-up of A/R and A/P.
Supervise and follow-up the revenues and supplied to banks.
Supervise on the preparation of periodic financial reports and studies, analyze and provide it to financial manager for approval and presentation to top management.
Follow-up the movement of cash flows and analyzed to determine the strengths and weaknesses.
Participate in the Stock inventory of materials and assets, and comparing it with their own accounts and reporting on items stagnant and slow movement.
Supervise on the preparation of detailed balances of the review and final accounts and financial statements and make sure the matching health.
Providing formal financial data in time for submission to the official government departments.
Preparing & recording the journal entries and recording financial transactions and preparing trial balances and presented to chief of accounts.
Preparing the financial reporting, financial statements, payroll, wages and benefits for employees and customers with the establishment. Enter data into the computer to save the financial accounting data.
Follow-up AR & suppliers, (PO), procurement and warehouse control the movement of accounts and inventory control accounts & Organize payment orders and expenditure orders and checks.
Direct supervision on treasury, inventory and check the daily fund statement and send it to chief of accounts.
• Diploma of graduate Studies in World Economy & International relations, (Grade: V. Good) FROM Ain-Shams University 2004.
Bsc. in Accounting Major, Cairo University 1993.