Group Finance Manager
Fortuna Trading DMCC Group
مجموع سنوات الخبرة :13 years, 7 أشهر
Responsible for overall financial control, financial reporting, and financial supervision
Developing, and maintaining, long-term relationships with the local and international financial institutions in order to avail credit facilities to support the Group's trading activities.
Establishing and updating the Group's credit policy and ensuring its implementation.
Analyzing risks involved and proposing ways to eficiently mitigate them.
Handling the day-to-day accounting, as well as overseeing the operations in Egypt, Turkey, and Sudan.
Issuing monthly management reports, preparing balance sheets, profit & loss statements, cash flow and other financial reports as per requirements.
Annual preparation of the Group's budget and following up on its implementation.
Provide a leadership role with the implementation of a new ERP System
Handling audits with auditors and ensuring audited financials are done in a timely manner
Manage the treasury & risk department for a group of 5 companies operating in logistics & freight, wheat milling and pasta manufacturing in Egypt and the MENA region.
Act as the focal point in negotiating, setting up, and managing credit facilities lines, overdrafts, and loans with Financial Institutions & Banks.
Create financial and activity reports, in addition to forecasts and efective long-term plans and strategies for the benefit of the group.
Prepare the company's budget and identify cost-reduction opportunities after analyzing various metrics, including costs, pricing, sales, and the company's performance compared to the business plans.
Streamline all processes in the finance department, set KPIs, and supervise, as well as develop, staf members.
Assigned with the reexamination and overhauling the entire accounting/ERP system.
Headhunted by the CEO of Mediterraneo Group, a respected trader in grains, pulses, and other commodities in Egypt, UAE, and GCC markets with over 2 million tons of commodities traded per annum.
Led the Treasury & Risk management team for four companies.
Prepared cash flow forecasts, performed financial modeling and assessment, while developing, supervising, and optimizing cash management systems.
Provided provisional financial estimations, budgets, and cash management, as well as setting up credit lines, overdrafts, and loans with bankers.
Contributed to expanding operations beyond the Middle East by establishing a company in Ukraine.
Planned, set up, and oversaw treasury and cash management procedures, improving the use of financial and banking services for a group of companies specialized in grain trading in the Egypt, UAE, and GCC markets.
Established the companies' financial goals and risk tolerance and handled cash balances to make sure that the cash flow is adequate.
Coordinated with multiple financial service providers and succeeded in increasing the approved facility limits with banks and other means of financing.
Recognized for setting up the commodity hedging mechanism, capitalizing on expertise in the markets.
Evaluated the credit worthiness of corporate banking customers and granted tailored credit facilities to local and international grain traders.
Protected the bank's asset base by providing structures of credit facility, support package, covenants, representations and warranties, and amounts and nature of recourse.
Conducted financial and non-financial analysis as part of a complete credit analysis report, prepared financial models, and checked information provided by clients against those obtained via research.
Reviewed and improved contractual agreements and documentation with the internal legal department and external lawyers.
Completed an 8-month fulltime credit course, administered by international training houses, studying finance and risk-related topics; ranked first among all trainees and graduated as a Certified Credit Analyst. PRIOR WORK HISTORY