CFO
El badr for real estate invest. and shopping malls -Arkan plaza
مجموع سنوات الخبرة :36 years, 10 أشهر
• Treasury and Cash management
• Managing day to day activities of both property management co. and facility management.
• Ensure appropriate financial reporting system and internal control mechanism are in place
• Ensure complete and accurate financial reporting in respect of top management and BOD
• Prepare and present monthly actual reporting vs. budget and forecast presentation to BOD
• Budget & quarterly forecast
• Handling all JV shareholders issues i.e. dividends distribution, board meeting minutes etc
• Review & approve new project contractor’s PAF (pay application form) i.e. excavation, construction etc.
• HR function (hiring, evaluation, job description etc.)
• Lead the new ERP implementation process
• Make sure all company’s transaction been adhered to local tax law i.e. VAT, income tax and withholding tax
• Introduce and issue a new financial, contracting, admin. & purchasing policies
• Introduce and issue new company HR manual
• Day to day operation in Finance
• Reporting
• Budget & forecast
• Cash & bank facility management
• Costing & inventory management
• Order pricing
• IT function
• Admin & HR function
Implementing ERP system
Implement new financial policy and procedure
Reconcile company A/P
Reconcile company A/R
• Assist the chairman in all strategic making related to acquiring new business
• Held negotiation with banks to aquaria facility required for business growing
• Finalize group new business structure to include all subsidiaries under the umbrella of the group
• Present and implement new financial policy and procedure that include different layer of level of authorities
·Representing the company in front of all the governmental authorities i.e. Telecom, Labor office, Social insurance and all tax authorities i.e. Sales Tax, Income Tax and withholding tax regarding all the necessary tax
Assist the General manager in decision making regarding company plans for
Quarterly USGAAP vs. IFRS standard reconciliation
Quarterly reconciliation to our books to make sure we are complying to Sarbanes-Oxley act of 2002 (SOX)
·All the day to day Finance, accounting and admin operation
·Establish standard costing for the finished goods, analyze actual costing and verify the variance by item line
·Responsible of making sure that all company’s imported goods been cleared from customs on timely manner and no demurrage cost been incurred
·Cash management by set up collection plan and control over company expenditure
·Acting as General manger during his travel and vacations
·Assess company’s tax return on time as required by various tax authorities
·Budget and cash forecast preparation,
·Monthly reporting (P&L, Balance sheet, daily and weekly sales report, monthly sales by sales rep.)
·Maintain and Administer accounting Software (Sage) and it’s different module (GL, A/R, A/P, Inventory and Manufacturing)
Responsible for all the day to day operation in Fin Dept.
Assist Gen. Mgr. in any decision making
Budget & Forecast
Monthly reporting
Cash Management
Fixed Assets management
Being a member in executive commitee
•Representing the company in front of all the governmental authorities i.e. Telecom, Labor office, Social insurance and all tax authorities i.e. Sales Tax, Income Tax and withholding tax regarding all the necessary tax and company registration
•Assist in company set up i.e. Open company Bank account, office rental, warehouse rental, furnisher and fixture
•Assist the General manager in decision making regarding company plans for choosing toll manufacturer, land required to build company’s factory
•All the day to day Finance, accounting and admin operation
•Responsible of making sure that all company’s imported goods been cleared from customs on timely manner and no demurrage cost been incurred
•Cash management by set up collection plan and control over company expenditure
•Acting as General manger during his travel and vacations
•Prepare company’s tax return on time as required by various tax authorities
•Budget and cash forecast preparation,
•Monthly reporting (P&L, Balance sheet, daily and weekly sales report, monthly sales by sales rep.)
•Responsible for all company’s purchasing (Imported or Local)
•Maintain and Administer accounting Software (Sage) and it’s different module (GL, A/R, A/P, Inventory and Manufacturing)
•Company's Accounts payable
•Company's inventory's control
•Corporate planning & management Accounts
•Check point project team member (data integrity project)
•Stock result project manager
•Supervising 32 of staff in both A/P & Inventory Control Depts.
•Setup the Joint Venture company between RMC & the Kuwaiti partner
•Acquire for bank facilities (letter of Gurantee, letter of Credit & overdraft)
•Responsible for all the day to day finance & admin operation
•Re-organize the Accounting Dept.
•Issue and implement an accounting and administration policies and procedures in line with corporate policy from RMC in UK
•Monitor company profitability performance and report to HQ in UK as well as budget and forecast
•Assist HQ in decision making by being the link between UK and Kuwait
•Supervise remotely Dubai and Fujaira branches and run the day to day operation for Dubai
•Responsible for the company actual reporting issued to USA and prepare the monthly management account pack vs. budget to the top management
•Assist in prepare the yearly budget and the quarterly forecast
•Assist business unit manager in their budget preparation
•Assets management's
•Cash management's
•Insure compliance with the company corporate policies & procedure
•Accounts payable (including payroll)
•Acting as a finance director during FD regular trips
•Pass 2 corporate audit successfully
•Establish new policies and procedure according to business needs
•Company budget, monthly & quarterly forecast preparation
•Assist business managers in preparing their annual planning and monthly forecast
•Produce a monthly variance report for all departments heads
•Gross Margin, Balance sheets, debtors and departmental & operating expense analysis
•Acting as a Finance Manager in his absence
•Assist in preparing monthly actual reporting
•Authorize cash reimbursement
•Handle Treasury operation i.e. foreign exch. deals, letter of guarantees follow up
•Company revenue recording and monitor
•Account receivable & ageing recording and monitor
•Inventory control
•Supervise company annual stock take (assets, equipment's & spare parts in all branches)
•Process suppliers invoices and allocate it to the relevant cost center
•Preparing Tenders documents, evaluate bids
•Follow up and monitor contract expiration and renewal
•Leading negotiations with suppliers for contract renewal
•Prepare all suppliers contract
Cairo university one of the oldest and certified universities with very good reputation all over the world and mainly the middle east