Finance Director
Misr Sinai for Supplies
Total years of experience :31 years, 5 Months
have assessed the internal control system of the company to identify weaknesses, established new financial procedure, prepared a financial and inventory bylaws to avoid weaknesses and strengthen internal control.
•Full implementation of ERP (including preparing new chart of accounts, charts of cost centers, inventory item tree, coding of clients and suppliers and application of new bylaws by the system) to ensure timely, accurate proper financial reports and strengthen internal control.
•Preparing annual master Budget and three years plan and compare the actual results to the budgeted.
•Preparing monthly, quarterly, and annual reports to assess the financial performance of the company through the financial analysis and set recommendations.
•Enhanced Cash management and getting finance from new banks with a very low interest.
•Enhanced the pricing policy, participating in strategic business deals
I’ve reduced the cost of finance (Debt interest by 1.5%, Form 4 commission by 1% and the insurance cost by 0.5 %.
I improved the financial structure of the company through getting finance from new banks and improving the current facilities conditions. Provided good cash management to utilize cash surplus if any and minimize the cost of finance in the same time, oversaw and directed preparing the monthly/ quarterly and annual financial statement. Oversaw; improved internal control systems in order to strengthen internal control within the Company and developed the ERP in order to serve in this subject. Revised internal bylaws, Develop highly skilled team to achieve established objectives and improve performance, prepared feasibility studies. Managed all administrative functions and human resources.
Performed financial and administration Inspection for overseas subsidiaries to evaluate the subsidiary and financial management performance, evaluate the internal control system, evaluate the accounting cycle, the costing system, documents follow, insure that the group regulations were properly applied, and recommend new policies, practices, issue and revise internal bylaws for the overseas projects. Analyzed financial statement of the overseas subsidiaries to enhance the overall performance of the group, Starting from April 09 I was nominated to be Country Audit Manager in UAE ( 7 Companies work in diversified business like constructions in huge projects, electromechanical projects, trading, service providing, T.V. Channel ).
I was hired in the library of Alexandria in Jul 2003 as a chief management accountant and promoted to deputy financial manager and to financial Controller. My responsibilities were as follows:
Oversee, improve and activate internal control systems and documents flow in order to strengthen internal control within the institution in general, execute and directed financial management functions including development of monthly/quarterly and annually financial statements, Oversee general accounting functions, including AR/AP, accounts reconciliation, cash management, inventory control and fixed assets. Develop highly skilled accounting and financial management team to achieve established objectives and improve performance. Supervise the implementation of new modules on ORACLE and the enhancement of the existing modules. Interact with the external auditor (KPMG) concerning the audit of the financial statement at the end of the year; interact with the donors (for example the World Bank, IDRC, USAID, and SIDA.) concerning the assessment of the financial system in the library and the financial reporting for financed projects held in the library.
Designed a costing system including documenting the work flow and documents flow and control points. Prepared financial statements, developed budgets, designed a monthly/quarterly internal reporting system and performed variance analysis in accordance with business plan, Carried out internal financial audits to ensure regulatory compliance and accuracy. Interact with the taxes authority. Supervised administrative affairs, Interacted with external auditor, shared in the board meetings.
Acting financial manager, shared in the process of evaluating acquiring an existing company, Evaluated and implemented new computerized accounting system, wrote internal bylaws, revised documents flow and the accounting cycle, Prepared financial statements, developed budgets, managed cash, designed a monthly/quarterly internal reporting system, interacted with external auditor, shared in the board meetings, Interacted with the taxes authority.
Established new company, dealt with banks. Administrative affairs
Cost & Budget Section head
Carried out cost accounting function as well as general ledger functions, including preparing cost reports, variance analysis, preparing the annual budget, monthly reporting for the head office, account analysis and reconciliation, journal entries, and AR/AP. Prepared chart of accounts for Oracle Application considering the costing requirements, shared in Implementation of ORACLE ERP, prepared reports on Oracle using FSG, worked with Oracle modules as GL, IM, AR, AP. Worked with MAIPCS on AS400. Prepared feasibility studies
Prepared Computer programs for Payroll, Vacations, promotions using Fox base and Fox pro.
Higher Diploma from Institute of statistical studies, Cairo university. in computer science.