Head – Budgeting & Financial Reporting
King Faisal Specialist Hospital & Research Center Gen. Org
Total years of experience :34 years, 8 Months
Achievements
• Prepare Ministry of Finance Budget.
• Prepare Internal Budget.
• Control all budget items expenses.
• Improve internal controls in the department.
Achievements
• Key player in Implementation of Billing System task force
• Imlementation of Oracle Accounts Receivables Application.
• Improve Collection from private sector by 20%.
• Improve internal controls in the section.
• Tremendous improvement in number of days Cash Deposit in bank (maximum 2 working days, except for the days off) comparing to last year performance.
• Covering three main areas (admission, emergency and pharmacy) with limited number of cashiers (4 out of 8)
Achievements
• Timely month-end closing: Close monthly accounts successfully and on time.
• Budget for 2003, 2004, 2005, 2006 and 2007 : Prepared the annual budgets for years 2003, 2004, 2005, 2006 and 2007.
• Cost Center principle: I applied cost center methode in foam factory which is not applied in head office.
• Clean-up of Balance Sheet: There were many outstanding uncleared Balance Sheet items such as refundable deposits, bank reconciliation, accounts payables, non-trade receivables and advances to vendors. I diligently cleaned most of these and suggested adequate provisions for the others.
• Audit requirements for 2003-2006 : I prepared all the audit requirements to finalize 2003-2006 audited financials.
• Complete first phase of In house software for sales department, inventory and casheir.
Achievements
• Share in preparing the audit plan for the group.
• Help in preparing the audit budget of the department.
• Carry out audit assignments assigned by the General Manger-Audit such as
Purchasing department.
Marketing and distribution department
Payroll
General Ledger
• Undertake annual inventory in presence of the external auditors.
• Review of polices, procedures and levels of authority to ensure that they were applied strictly.
• Assistance with the preparation of an Accounting Policies and Procedures manual.
• Work as partnership with Ernest & Young in risk management assessment programme.
Achievements
• Insurance for the group
• Products Costing for SPCC
• International Expansion Project
Savola formed a senior business development team headed by a Vice President to work on international expansion of the Group. I played a significant role in this team and was responsible for validating the historical accounts of one of the leading snack food companies in Egypt which represented a prime acquisition target for the company. For a period of around three months, the team resided in Cairo and was provided access to all the financials of the target company. After an extensive financial due diligence, a detailed report was prepared by the team recommending not to invest in this company primarily due to its mediocre business performance and insignificant future potential. A presentation was done to the Chairman and the Executive Vice President on the findings and a decision was taken not to pursue with the acquisition. The due diligence was highly applauded by the top management.
• Timely month-end closing: SPCC was usually one of the last units in Savola to close the month. After I took over, SPCC became one of the first units to successfully close their month.
• Budget for 1999: I was the main budget coordinator and was responsible for delivering the 1999 budget for my business unit.
• Customer Order Processing (COP): I was asked to give my recommendation on the customer order processing at SPCC and to check the maximum features which could be utilized on the Oracle module. My recommendations were highly appreciated & implemented.
• Resolving problems in Inventory Module: There were usually debates between Production and Finance on the accuracy of monthly raw materials and ink consumption recorded by the Oracle Inventory Module. In order to solve this problem, I invited the Information Systems Department to make a sanity check on the module and subsequently organized a weekly meeting to understand the underlying problems and educate the employees on the module. As a result, the problem was resolved and all the issues were cleared resulting in a saving of around 24 man-hours during each month closing.
• Zakat Requirements : There were old pending issues on Zakat dating back to the periods 1995 - 1998. I took an initiative to solve all of these issues and helped other business units in the packaging division to close all outstanding Zakat requirements.
• Clean-up of Balance Sheet: There were many outstanding uncleared Balance Sheet items such as purchase accruals, refundable deposits, bank reconciliation, accounts payables, non-trade receivables and advances to vendors. I diligently cleaned most of these and suggested adequate provisions for the others.