Karim Fouad

Group Finance Manager at Fortuna Trading DMCC Group

• United Arab Emirates - Dubai
• My current job since February 2023

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

Financial Manager / Head of Treasury & Risk at Al Assyl Group

• Egypt - Cairo
• April 2020 to February 2023

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.

Treasury Manager at Mediterraneo Group (Mediterraneo Trading Egyp

• Egypt - Cairo
• July 2017 to March 2020

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.

Head of Treasury and Risk at Roots Group (Roots Trading Egypt, Roots Commodities

• December 2015 to June 2017

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.

Senior Credit Analyst – Structured Trade and Cross-Border Finance, Corporate Banking at Ahli United Bank – Egypt (AUBE)

• April 2013 to April 2015

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

Credit Analyst at Ahli United Bank

• Egypt - Cairo
• September 2012 to March 2014

Corporate Specialist - Structured Trade Finance at Commercial International Bank

• Egypt - Cairo
• May 2010 to August 2012