Magdi Yousef

PROFESSIONAL EXPERIENCE & RESPONSIBILITIES
 Provides leadership in the development for the continuous evaluation of short
and long-term strategic financial objectives.
 Ensure credibility of Finance group by providing timely and accurate analysis
of budgets, financial trends and forecasts.
 Take hands-on lead position of developing, implementing, and maintaining a
comprehensive job cost system.
 Direct and oversee all aspects of the Finance & Accounting functions of the
organization.
 Evaluates and advises on the impact of long range planning, introduction of
new programs/ strategies and regulatory action.
 Establish and maintain strong relationships with senior executives so as to
identify their needs and seek full range of business solutions.
 Provide executive management with advice on the financial implications of
business activities.
 Manage processes for financial forecasting, budgets and consolidation and
reporting to the Company
 Provide recommendations to strategically enhance financial performance and
business opportunities.
 Ensure that effective internal controls are in place and ensure compliance
with GAAP and applicable federal, state and local regulatory laws and
rules for financial and tax reporting.

1- Responsible & share for preparation of company's consolidated financial cash flow, Budgetory standers & monitoring the business and projects activities of the group
2- Responsible to prepare & submit periodical financial reports to the board
3- Manage and supervise a team of Accountants
4- Responsible for the accounting cycle
5- Allocate jobs & responsibilities for Accounts managers & Senior Accountants
6- Manage and control Collections and bank cash deposits.
7- Supervising of treasury activities of the company & responsible for maintaining and developiog the company's relation with bankers & other lending institutions.
8- Responsible for the company financial affairs of the organization and prepare the financial analysis of operations including the interim & final financial statements with the supporting schedules for the guidance of management.
9- Ensure that the proper performance of all accounting functions in accordance with GAAP
10- Establishing Policies &Procedures and Monitor the Implementation .
11- Assist Executive Board Member (EBM) in planning financial related matters.
12- Review monthly Budget of each Company and review of its implementation.
13- Monthly reconciliation and offset of payables & receivables.
14- Develop and prepare cost accounting system.
15- Co-ordinate with External Auditors to close the fiscal year Accounts and prepare the Financial statements .
16- Monitoring Cost Center Allocation & Job Costing VS the actual.
17- Controlling Trade Service Activities ( LC's import & export )

1. Responsible and share for preparation of the company’s consolidated financial cash flow, Plans, Budget and financial reporting and statutory accounting cycle.
2. Responsible and share for preparation of the company’s consolidated financial statement for all the subsidiary companies under Mr.CEO umbrella
3. Supervising of the treasury activities of the company and responsible for maintaining and developing the company’s relation with bankers and other lending institutions.
4. Supervising the trade service section ( import & Export LC )
5. Responsible for supervision and maintenance of the company’s Job costing.
6. Responsible for the company’s financial affairs of the organization and prepare Financial analysis of operations including interim and final financial statements with supporting schedules for the guidance of management.
7. Ensure proper performance of all accounting functions in accordance with GAAP and Socpa.
8. Supervising and updating of the company’s policies and procedures.
9. Developing and supervising of the company’s purchasing function, and responsible for maintaining and developing of the company’s relation to suppliers.
10. Ensuring the company to meet the regulations imposed by various ministries.
11. Establish policies for the auditing activity and directs its technical and administrative functions.
12. Develops and executes a comprehensive audit program for the evaluation of management controls for all group companies’ activity (Experience 30 years).
13. Examines the effectiveness of all levels of management in their utilization of company resources and their compliance with established policies and procedures.
14. Recommends improvement of management controls designed to safeguard company resources, promote company growth and ensure compliance with government rules and regulations. Standardize software for all companies.
15. Responsible For cash management.
16. Co-ordinate with External Auditors to close the fiscal year Accounts, prepare the
Financial statements & zakat filing
17. Monitoring the budget of the group VS actual & highlighted to the board
18. Prepare and submit periodical reports to the board

§ Establish policies for the auditing activity and directs its technical and administrative functions.
§ Develops and executes a comprehensive audit program for the evaluation of management controls for all group companies activity.
§ Examines the effectiveness of all levels of management in their utilization of company resources and their compliance with established policies and procedures.
§ Recommends improvement of management controls designed to safeguard company resources, promote company growth and ensure compliance with government rules and regulations.
§ Review procedures and records for their adequacy in accomplishing intended objectives and make recommendations where appropriate.
§ Follow up to ensure that adequate corrective action is taken on reported deficient conditions. All recommendations by the Audit Manager will be reported to and authorized by E.B.M / Director of Finance before implementation can take place.
§ Conducts special examinations and assignments at management’s discretion.
§ Coordinates with external auditors for the final audit, stocktaking and Zakat Filing.
§ Review and update accounting software to meet individual company’s requirements and standardize software for all companies.

* External Audit Manager Responsibilities.

External Auditor Function /Group of Companies.

External Auditor

Senior Accountant.