MOHAMED ABDEL HAMID

As Chief Financial Officer (CFO) of a cement sector in Faruk Holding with total capacity of 4.3M ton per year (2M Ton Gasin Cement & 2.3M Ton Tasluja Cement) with investment of 280M$ has primary responsibility for the planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiations, also extend to obtaining and maintaining investor relations and partnership compliance.
• Providing leadership, direction and management of the finance and accounting team
• Providing strategic recommendations to the CEO/president and members of the executive management team
• Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting
• Advising on long-term business and financial planning
• Establishing and developing relations with group senior management, external partners and stakeholders
• Understand and mitigate key elements of the company's risk profile
• Reviewing all formal finance, HR and IT related policies and procedures
• Ensure that the company complies with all legal and regulatory requirements

As a FP&A Leader, my mission is to provide financial, controllership, compliance leadership by being a business partner for Grid Business leadership team to drive increased visibility into operating performance with the goal of driving revenue growth and increased profitability with all compliance & integrity standards. The above includes full oversight & ownership of FP&A, controllership, statutory, Tax and operating finance activities in North Africa countries (Egypt, Libya, Algeria, Tunisia and Morocco)

• Contribute fully to the development of the business strategy across all areas, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.
• Ensure that company financial systems are robust, compliant and support current activities and future growth
• Develop, implement, and ensure compliance with the group internal financial and accounting policies and procedures.
• Ensure that the regulatory requirements of all statutory bodies are met.
• Manage the budgeting/forecasting processes and variance analysis.
• Work with the regional leadership team to grow the business, formulating strategies and plans.
• Establish a high-level credibility and manage strong working relationships with external parties including customers and advisors/consultants.

To support management planning and decision making by identifying, maintaining, and evaluating information; recommending actions.

• Defines financial situation by completing quantitative analyses.
• Evaluates optional plans by identifying outcomes and potential returns.
• Values assets by appraising current condition; assessing potential.
• Recommends debt structures by analyzing refinancing options.
• Builds financial database by identifying sources of information; assembling, verifying, and backing up data.
• Recommends financial actions by assessing options in relation to organization goals.
• Prepares financial reports by collecting, formatting, analyzing, and explaining information.
• Protects operations by keeping financial information confidential.
• Maintains technical knowledge by attending educational workshops; reviewing publications.
• Contributes to team effort by accomplishing related results as needed.

To start up and establish a Shared Service Center serving gulf countries (5 countries), Leading the project in the start-up phase through creating an environment in which problem identification and solving occur in an innovative and collective way. Focused on deliverables and the customer, ensuring effective and efficient progress is made.

• Develop and lead the implementation of the Shared Services Center in GCC (UAE, Saudi Arabia, Qatar, Kuwait and Oman)
• Infrastructure readiness and work environment set-up.
• Leading the development, negotiation, and completion of service level agreements.
• Ensure complete process establishment and documentation.
• Translate business needs into a clear plan for delivery, measurement and development.
• Work with business leaders and stakeholders to identify and document critical business issues, process gaps, area of improvement and suggest solutions and approaches.
• Maintain effective internal control over processes and ensuring the integrity of all data and information reported from the SSC.
• Manage staffing resources.
• Setup scorecards/dashboard based on defined SLAs and KPIs.

My mission is ongoing harmonization of financial and business processes across Iraq product lines (Cement, Ready Mix and Aggregates) and delivering effective and efficient services to the business is the key responsibilities of this role. As a partner to Iraq Operational Management Team, the incumbent will provide vision and develop strategy to financial shared function as well as help optimize “end to end” processes.

• Managing 7 Legal entities.
• Putting in place internal control group standards.
• Provide Finance services, which incorporate a range of activities such as Purchase to Pay (Accounts Payable and Procurement), Order to Cash (Accounts Receivable, Customer Administration & Credit Management) and Record to Report (General Accounting, Fixed Assets, Master data management)
• Responsible for providing OTIFAC (on time, in full, accurate and certified) figures, accounts, and efficient processes with a high degree of quality and service to BUs, ensuring implementation of Group policies and processes (including procedures and other agreed upon processes).
• Lead Shared Services team and establish contact with other Shared Services to maximize common approach and sharing of best practices.
• Promote process standardization and improvement, going beyond the processes performed within the Shared Services and helping BUs optimize/align processes upstream, with an end-to-end perspective.
• Ensure compliance with the standards provided by the group finance dedicated function.
• Manage, mentor and develop Shared Services human resources.
• Develop a service culture that embodies quality, efficiency, and a high level of value-added services.
• Ensure the implementation of efficient Shared Services governance tools such as the Operational Committee, SLAs, Periodical Customer Reviews, etc...
• Provide timely and comprehensive performance reporting.
• Evaluate and propose improvements for existing systems/tools and the adoption of new ones.

Responsible for ensuring reliability and accuracy of financial statements in compliance with group policies, IFRS, to allow proper decision making and in line with Group strategy and objectives. Also, assure that controls are in place and operating in accordance with group internal control policies and procedures

• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Ensure an accurate and timely monthly, quarterly and year end close.
• Ensure the timely reporting of all monthly financial information.
• Supports budget and forecasting activities.
• Collaborates with the other finance department managers to support overall department goals and objectives.
• Advises staff regarding the handling of non-routine reporting transactions.
• Responds to inquiries other finance and firm wide managers regarding financial results, special reporting requests and the like.
• Work with the Controller to ensure a clean and timely yearend audit.
• Assist in development and implementation of new procedures and features to enhance the workflow of the department.
• Work with each direct report to establish goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff.
• Support Controller with special projects and workflow process improvements.
• Coordinate with external auditors in preparation of schedules, supporting documents and all relevant paperwork in preparation for quarterly & annual audit final and adjusted financial statements.

• Reviews & controlling invoices, bills & vouchers for accuracy & completeness.
• Processes invoices for payment and update the books with the necessary transactions.
• Review relevant accounts and cost center
• Ensure timely payments of vendor invoices expense vouchers and maintains accurate records
• Review and register travel expenses and petty cash settlements

• Report and monitor accounts receivable by analyzing outstanding customer’s balances in order to keep minimum receivables balance, follow up with customer’s collections reducing day’s sales outstanding (DSO).
• Prepare monthly aging analysis reports and graphs for management.
• Customer statement reconciliation.
• Review cash receipts, completion of monthly invoices and posting all the transactions from the A/R module into G/L module.

• Handling all customer calls.
• Contacting new customers.
• Selling and providing customer support.
• Collecting data and creating databases.
• Following up with customers.