CFO & Financial Consultant
Salman Group
مجموع سنوات الخبرة :31 years, 9 أشهر
- Work with the CEO on all operational and strategic issues and provide strategic recommendations
- Coordinate between the financial managers in the Group to achieve Goal Congruence of the Group, monitor the Plan efficiency to achieve the Group objectives & optimizing the financial Structure to minimize Cost of Capital- Participate in the ongoing strategic planning process, corporate policy development as an integral member in the Group and monitor the achievement in feasible manner- Guidance and oversight the Preparation of the Consolidated Financial Statements to the Group.
- Direct the corporation’s finances, related terms including treasurer, finance director (Short term &Long term finance)- Oversee cash flow planning and ensure availability of funds as needed via financing strategies and activities, as well as banking relationships.- Develop and utilize forward-looking financial models, financial analyses to provide insight into the organization’s operations, business plans by Preparing then monitoring the operating and financial Budgets eg: preparing Cash Budget then monitor it by handling both the inflow and outflow of cash to create reports about Receipts & spending then treat any potential shortage or invest the surplus to maximize the Company profitability by efficient use of its resources .
- Responsible for keeping and maintaining company records, these records need to be on hand and made available to the public and shareholders when requested.- Keeping records of finances, making recommendations about how to increase earnings, minimize the expenditures- Oversee and manage a large accounting department, while coming up with best ways to maximize the effective use of the company' resources, evaluate the way in which employees work to determine the way of most efficiently to get work done smoothly by using cost & benefit role - oversee the preparation, communication of monthly, annual financial reports, ensure maintenance of appropriate internal controls and financial procedures - Manage effective costing systems, pursue the variances 'analyses and take the suitable corrective actions to improve the operation 'efficiency in timely basis - Ultimately responsible for Coordinating audits and proper filing of zakat returns-Represent the company to financial partners and stakeholders including financial institutions, investors, executives, auditors, public officials, etc.
On the other hand regarding to my tasks as a financial Consultant.•Develop and implement a financial strategy for the business (Investment appraisal and feasibility study ) by Studying different aspects of the projects and analyzing the different opportunities ( SWOT analysis ) through the following: -Participate in preparing the marketing study to identify available marketing opportunities. -Participate in preparing the technical and engineering studies required to estimate the project’s investment cost. -Conduct a financial appraisal for the project to identify its key financial indicators. -Estimate the project’s Internal Rate of Return (IRR). -Conduct necessary sensitivity analyses to assess the project’s sensitivity to changes in key assumption used for financial projections.•Prepare projected accounting and financial reports to reflect the results of the Evaluation of the enterprise and illustrating the fair value of the enterprises equity.
•Obtaining partners approval on the results of the valuation process.•Identify risks associated with the project (whether related to market, operations, management or finance) in addition to assessing how such risks could be mitigated.•Illustrate the possible methods to finance the projects and estimate the expected returns using different methods of financing. e.g. ( Discounted Cash Flow (DCF). Adjusted Book Value (ABV). Price/Earnings Multiple (PE). Internal rate of return (IRR).Payback period (PBP).Profitable index method (PIM).
• Maintain a backup of financial system, improve it, coordinate among the different departments in financial affairs, and prepare decision making analysis .e.g. (Cost, volume, profit) analysis and make or buy decision.
• Ensure that the company system is compliance with laws, regulation and management policies.
• Improve the financial policies; explain it to the employees and monitoring how to keep it going.
• Lead the preparation, the presentation of different kinds of reports to the management in timely basis (financial and regulatory reports)
• Manage costing systems, analyze the variances to handle its' accounting treatment, determine the different kinds of financing resources & deal with the best methods according to the company's activities.
• Forecast cash flows, continues studying how to maximize the Company's profitability, monitoring cash receipts, disbursements transactions and authorize it.
• Prepare, monitor the budget, determine variances, analyze it and prepare reports to get feedback action.
• Prepare discounted cash flows, translated financial statements, strategic planning, capital budget, cash budget and all other related forecasted financial statements.
• Prepare Action plan based on the financial analyses (ST<) in compliance with The Co, goals.
• Provide guidance regarding investment decisions and help set investment policy.
• Oversee and help administer the financial aspects of the various company compensation plans.
• Lead the analysis of potential strategic alliances, participating in the due diligence, Pricing and negotiations.
• Oversee and assist external accountants with tax and audit related issues.
• Establish, implement and manage accounting, financial systems, internal controls required under IAS, other standards and local regulatory laws; Key liaison with outside auditors.
• Manage annual audit of the Company’s financial statements.
•Examine and evaluate financial information systems of different kinds of organizations
- Industrial co, e.g., elsweedy for cables, intertex for cotton, prima
Eloise for electric equipments, arma for oil.
- Commercial co, eg, addidas, smart s\w
- Pharmaceutical co, eg, united for pharmacy, united for distribution.
- Hospitality org, e.g Ghazala, elpacha, hauza beach, novotel Luxor
Hotels.
- Financial, org, e.g. Misr Romania misr exterior banks.
- Non for profit org, e.g. friendships of American &Egyptian assemble.
- Plan the audit, obtain understanding of internal control, assess
Control risk, perform tests of controls, reassess control risk
Perform substantive tests, complete the audit, prepare audit report.
•Test controls to ensure system reliability and data integrity, define control environment factors, recommend the treatment of any weakness points, check the effectiveness of financial system, and ensure the monitoring of internal control and financial statements assertions.
•Prepare reports of findings, management letters that include any weakness points and how to avoid, detect it.
•Plan, implement and monitor different kinds of engagements.
•Taught accounting and audit standards in the office & global center.
Senior Auditor ►Nasr co, for Accounting and Audit
1999 - 2001 Accountant
►Levi’s co, for jeans S.F USA.
1997 - 1999 Auditor ►K.P.M.G co, for Accounting and Audit
1996 - 1997 Chief Accountant
►Green Land co, for import food
1992 - 1993 Trainee
►Misr Exterior Bank
◄2016 successfully participate in Merge & consolidation workshop prepared by (Management development institution) Cairo ,Egypt . ◄2011 finished C.M.A, C.F.M studies in all parts, passed in three Parts hence remaining one part to get the Final certificate . ◄2010 successfully participate in Zakatt and Taxes workshop prepared by (Deloitte and Touch) Al-Khobar, Saudi Arabia. ◄2008 Worked as an instructor for CMA materials in ASCADA Center in Egypt , ◄2008 successfully participate in bank loans workshop in IMC 'Egypt . ◄2007 I Got a management skills course in (P.D) center in Egypt. ◄2002 Worked as an instructor for accounting standards in Global Center in Egypt . ◄2001 Worked as an instructor for accounting and Audit standards in (Deloitte &Touch) co, for Acc. & Audit . ◄1998 Finished C.P.A materials studies in K.P.M.G, Made C.P.A Final Exam in S.D ( U.S.A) and passed in three Parts . ◄1997 finished Computerize accounting Diploma in A.U.C. (G; A) ◄1996 finished all levels of English 'courses in A.U.C.