Finance Head
Olam
Total years of experience :14 years, 5 Months
Strategically, Preside and directed the whole organization towards key improvements in terms of restructuring and optimization the Financial Planning, Analysis, internal controls, Treasury, operation enhancement, , Accounting and reporting process improvement, Pricing Modelling, policies setting and Profitability evaluation for current and new launches product portfolio. Risk management, credit exposure, as well as cash flow modelling to maximize profitability.
Key Contributions
♦ Strictly applied key controls across the sales processes for maintaining the company’s strategy and planning visions.
♦ Optimized the financial planning and analysis across the organization by increasing the awareness of the forecasting and planning across the company and improvements the forecasting methods and cycles and reached the accuracy from 50% to 80%.
♦ Marked as strategic planning and management leader through 3-5 strategic planning for the region by identified investment and divestment to meet the strategic objectives.
♦ Efficiently allocation of Capital and chosen the right investments and projects which produced the best outcomes.
♦ Gradually led the organization towards Profitability and efficiency of current, potential and pipeline products, and getting the management’s attention towards new Models.
♦ Tactfully engaged with management leadership across various disciplines, including sales, marketing, and service delivery to achieve business objectives in targeted countries.
♦ Lead the refinement of Treasury transformation towards the better use of resources allocation through reengineering the operation cycle towards the higher efficiency.
♦ Successfully and strictly, reengineering the internal control process by studying the current cycles, identified the key controls, check the gabs and provide the best solutions for operations controls that can make the balance between risk and businesses.
Oversaw and directed all financial management operations, including Financial Planning &Analysis Accounting, capital planning, stakeholder engagement, reporting, and compliance. Ensured conformance to all applicable regulatory guidelines and corporate quality protocols across supply chain and customer network. Assumed full P&L accountability for the generation of corresponding Strategic Business plan 3-5 years, operational budgets and forecasts. Interfaced with a broad range of partners to drive consumer experience and bolster client satisfaction. Pricing Modelling and Profitability evaluation for current portfolio and new launches. Managed risk, credit exposure, as well as cash flow modelling to maximize profitability.
Key Contributions
Skillfully setting the Strategic planning across the organization and led the forecasting and budget process precisely .
Successfully led the transformation across the company and restructuring the Finance department in the areas of accounting, Supply Chain, procurement, Reporting, planning/Analysis.
Effectively standardized most of processes across the organization.
Transformation the costing system by identifying the key points and make a robust process.
Strictly identified the key control which needed to be compliant with SOX, statutory and prevailing regulations.
Efficiently allocation of Capital and chosen the right investments and projects which produced the best outcomes.
Led the project management of ERP system application through the organization by clarifying priorities and set a robust plan along with risk mitigation.
Gradually led the organization towards Profitability and efficiency of current, potential and pipeline products, and getting the management’s attention towards new Models.
Tactfully engaged with management leadership across various disciplines, including sales, marketing, and service delivery to achieve business objectives in targeted countries.
Solving critical Audit points with the external Auditors and maintain sustainable system
Spearheaded investment planning through proactive cash management and forecasting
Established innovative tax planning systems to ensure compliance to applicable regulations.
Managed accounting treatment, IFRS, company policies, procedures, and management authorization level balance sheet monthly review for OPEX and CAPEX. Guided intercompany transactions meeting company policies and procedures. Prepared revaluation run for foreign currencies and forward rate during month-end closing and clinical trial financial reports. Led closing reporting process meeting deadlines. Hired, trained, mentored, and supervised two accountants and Interns. Prepared annual regional budget by conducting communication channels with the respective persons and preparing the pro-forma statements. Supported achievement of financial plans, goals and division objectives. Helped create detailed budget and financial forecasts. Worked with regional head in rolling forecasting and budgeting.
Key Contributions:
Assessed financial data detailing assets, liabilities, and capital, and helped produce balance sheets, profit and loss statements, and additional reports summarizing and interpreting existing and future company financial position for other managers.
Oversaw financial statement/Budgeting and brand reporting, profit center, PCE, and sales reduction for Region Horn of Africa (Sudan, Ethiopia, Somalia, Eritria, Djebouti, and regional office in Cairo.
Designed and preserved early warning systems for financial tracking guaranteeing accurate advance warning for all financial results.
Attended annual meeting in Switzerland to discuss regional performance and benchmark best practices.
Participated in process testing for Novartis Financial Control Manual (NFCM) including controlling work cycles.
Reconciled most high risk accounts before submitting financial statements and low risk followings submission.
Ensured compliance and proper reporting of SOX 302 confirmation.
Arranged Horizontal Performance Report for countries in region.
Played an integral role in the composition and preparation of monthly internal management reports that measure the performance of subsidiaries. Carried out and authored monthly budget variances, as well as vertical and horizontal analysis of financial statements to aid in cash flows for decision making. Executed several internal audits and risk assessments to reduce corporate vulnerabilities.
Controlled expenses related to company policies, procedures, SOPs, and management authorization. Arranged and posted payment cases to general ledger. Produced follow up reports for prepaid expenses. Prepared and submitted monthly reports to leadership team and tax report for external entities Reviewed financial data on assets, liabilities, and capital, and helped complete balance sheet, profit and loss statement, and additional reports summarizing and interpreted existing and predicted company financial position for other managers. Investigated and resolved variances to forecast and other periods.
Key Contributions:
•Oversaw month-end closings.
•Helped determine and manage procedures and computer application systems.
courses: professional experience as Financial Analyst with Ministry of Education/ Developing Center for Information Technology and Decision Support; and Auditor for Egyptian Company for Accounting and Audit, both
courses: CMA “Certified Management Accountant”, IMA, USA. 2012 E-Business Certificate, IBM, USA,2003 .Professional Training IFRS (International Financial Reporting Standards)