Finance Director
Solid Construction
Total years of experience :20 years, 4 Months
• Analyze and present financial reports in an accurate and timely manner to CEO.
• Monitor the cash flow to ensure the smooth flow of finances.
• Supervise and guide the accounts operation to ensure the timely and accurate maintenance of accounts.
• Develop and improve business processes to evaluate company-wide financial effectiveness for the purpose of achieving better transparency, accurate reporting, and identification of cost-saving parameters.
• Ensure credibility of Finance by providing timely and accurate analysis of performance.
• Support top management for new business decision taking through preparing feasibility studies.
• Lead the preparing of the annual budget and collect approval from the BOD.
• Take the necessary actions to maximize within both the revenue and the profit in order to exceed the operational budget.
• Oversee the continuous improvement of Accounting and Financial Processes and the development of the team with the goal to achieve best practices and optimal output.
• Lead and coach the team to recruit and retain high caliber staff
• Develop and oversee accounting policies and procedures to meet both current and future business models
• Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times.
• Review financial KPIs and analyze versus prior year and plan
• Design, implement, and monitor internal controls for the purpose of ensuring strict compliance and protecting the integrity of the company’s assets.
• Follow up on corporate and external audit action plan to ensure fulfilling on time.
• Coordinate proper and timely fulfillment of tax returns and various audits.
•Ensuring credibility of Finance group by providing timely and accurate analysis of performance, budgets, financial trends and forecasts.
•Directing and overseeing all aspects of the Finance & Accounting functions of the organization.
•Leading and preparing the annual budget to be approved by the BOD.
•Maintaining appropriate sets of books that satisfy the reporting requirements, EAS, external auditors and tax authorities.
•Taking the necessary actions to maximize within range of responsibility both the revenue and the profit in order to exceed the operational budget.
•Producing on a regular basis accurate financial statements that present fairly the Company’s financials.
•Oversee the company's accounting functions and activities, including the receivables management, payables management, costing, central accounting, budgeting & reporting, inventory control, and taxation.
•Oversee the continuous improvement of Accounting and Financial Processes and the development of the team with the goal to achieve best practices and optimal output.
•Oversee the postings of all account activities in the Company’s ERP system.
•Lead and coach the team to recruit and retain high caliber staff
•Develop and oversee accounting policies and procedures to meet both current and future business models
•Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times.
•Review tax reports and prepare proper analysis versus prior year and plan.
•Prepare financial KPIs and analyze versus prior year and plan
•Review Cash Flow on monthly basis and analyze versus prior year and plan in addition to prepare recommendations for improving cash position
•Review CAPEX requests and prepare CAPEX KPIs in addition communicating monthly tracking with recommendations.
•Follow up on corporate and external audit action plan to ensure fulfilling on time
Key Responsibilities:
• Establishing audit plans, objectives and scope of work, monitoring overall execution of audit program and final report delivery. Planning engagement objectives and audit strategy to address risk in compliance with professional standards.
• Monitoring audit progress and providing guidance/ inputs to ensure the whole depth/breadth of the process is covered with specific focus on key risks/concerns.
• Conducting risk assessment and identifying risks and controls for key processes. Implementing analytical procedures and providing recommendations to management.
• Managing annual budget and allocation, monitoring the engagement team against the budget, and effecting requisite alterations.
• Identifying/communicating relevant trends, developments, and KPIs relevant to the client. Comprehending client's industry and marketplace, managing client engagement and client expectations to deliver quality service.
• Reviewing audit report, performing quality check, ensuring findings are clear and concise. Collating audit results and significant developments for presentation to the senior management and audit committee.
• Developing/maintaining strong working relationships with key business decision makers throughout the year to communicate value and inform them of the firm's scope of services.
• Developing staff through efficient work delegation, conducting timely performance reviews and providing performance feedback/ training.
• Directing audit assignments for a wide variety of clients. Participating in meetings to communicate management letter points to the client's audit committee and BOD.
Key Responsibilities:
• Streamlined the preparation of financial reports/ consolidating financial statements that summarize the bank's financial position, such as balance sheet, profit/ loss statements, budget report and cost report in compliance with statutory and international accounting standards.
• Executed accounting activities, prepared monthly management accounts, accounts analysis and reports ensuring the timeliness, accuracy and analyzed variance and implemented corrective actions as required by management.
• Reviewed treasury accounting and handled an array of tasks associated with treasury and risk management and related areas.
• Forecast cash flows, planned/ supervised preparation of month-end bank reconciliations, accruals and prepayments as well as journal adjustments.
• Arranged for the audit of the company’s accounts (internal) and provided the required reports / information to the auditors to assure timely completion in compliance with established audit processes.
• Supervised work of staff accountants processing auditing payroll/ accounts payable, receipts, inventory/ fixed asset records of the bank.
Key Responsibilities:
• Planned and executed audit assignments and completed work within required deadlines for a wide variety of clients including banks, industrial, services, construction companies and non-profit organizations.
• Drafted complete audit reports, provided clear description of issues identified, related implications to the business and ensured that potential audit findings are properly addressed.
• Examined/ analyzed journal/ ledger entries, bank statements, inventories, expenditures, consolidated financial statements, tax returns and other accounting/ financial records.
• Ensured financial recording accuracy and compliance with established accounting standards, procedures/ internal controls and applicable laws, and regulations.
• Developed a framework within which sufficient audit evidence is obtained through substantive testing procedures, test of details.
• Assessed internal controls of the clients and performed preliminary analytical procedures and statistical sampling for testing and identifying unusual or unexpected balances/ transactions and relationships.
• Planned, scheduled and managed staff to ensure timely completion of engagements.
• Strove to comprehend client’s business for the purpose of evaluating some characteristics of the balance/ accounts and communicated through management letters.
• Key Clients Handled:
- National Bank of Egypt
- El-Salak Group
- Sun Microsystems
- Babtain Industries
- Pasco Group etc.
Key Responsibilities:
• Developed and implemented financial policies, systems, procedures and guidelines to ensure smooth cash flow, streamlined budgets and established stringent procurement and expense guidelines.
• Scrutinized the adequacy/ effectiveness of internal controls and evaluated financial reporting systems, accounting and collection procedures.
• Facilitated effective financial controls, recommended changes to pertaining to procedures, operating systems and budgets.
• Examined financial accounts/ records and prepared audit reports. Prepared accounting reports related to accounts receivable and payable ensuring accuracy, speed and efficiency.
• Monitoring inventory periodically to account for errors and effect corrective measures.
• Provided quarterly accounts reports, time schedules for reconciling fixed assets, calculating depreciation, valuing inventories/ stock, verifying receivables and payables.
• Managed all activities relating to accounting department, including day to day operations and work instructions. Verified and controlled petty cash expenses. Performed other duties as assigned.
• Conducted internal trainings for zonal accountants pertaining to statutory and international standards.
• Facilitated internal audit of company’s accounts and provided required reports/ information to the auditors to assure timely completion in compliance with established audit processes and subsequently reported to the management.
Previous Professional Experience:
Jan 00 - Dec 03: Banks and Accounts Receivable Supervisor, Ferrometalco DSD
Jan 98 - Sept 99: Senior Accountant, Coats Egypt Factory
Sept 95 - Jan 98: Accountant, Tahrir Center For Trade and Service
Grades Earned (AUD 84, LPR 78, FARE 83, ARE 84)