Deputy Finance Manager
Ekuity Holding
Total years of experience :11 years, 2 Months
• Supervising and Training Finance team while coordinating with operational teams and reporting to CFO and the Board.
• Development and maintenance of effective company internal controls with application to the accounting system and assuring compliance with corporate governance, policies and procedures of the organization.
• Designing and implementing budgeting models and analyzing results with variance analysis techniques.
• Formulating short and medium-term business plans and formulating rolling budgets while reporting on variances and analyzing deviations of actual vs budgeted figures.
• Reviewing Valuations and Asset Management for Market Portfolios and reporting periodically on performance and trends.
• Developing the Finance team and assuring the proper transfer of knowledge.
• Representing Company in Finance-related public meetings, Audit Committee and BOD discussions
• ERP maintenance and automating the generation of periodic reports in collaboration with ICT team and developers
• Ensuring compliance with statutory requirements, tax and company policies
• Liaising with Internal Auditors, External Auditors and Tax reviewers
• Presenting Company financial data and end-of-period Performance to the Audit Committee, Board of Directors and General Assembly Meetings
In Addition to the continuous maintenance of financial controllership in the entity through:
reviewing daily accounting and finance duties from A/P, A/R, GL and accounts reconciliations
Reviewing & approving payment vouchers, journal entries and all accounting transactions
Rigorous reviews and maintenance of projects finance and holding company GL and Chart of Accounts
Cash management and assurance of sufficient liquidity to meet day-to-day operations
Preparation of monthly ad-hoc reports to head quarter / the holding company
Preparation of quarterly reporting package with financial controllership and compliance reports.
- Seconded for 2 months in PwC Egypt.
- Auditing two clients in the Manufacturing and Retail industries
Working in the C.I.P.S. (Commercial&Industrial Products&Services) division.
Responsibilities include:
• Understanding of the client's industry, the client's business, the entity, the business cycles & processes and control environment
• Performing Risk Assessment & Fraud Risk Assessment. Identifying risks within the entity and it's internal control system, then evaluating and testing the clients way of solution or mechanisms built to mitigate these risks
• Planning the audit and determining which methods of testing are most effective and efficient to be used in order to cover the related Audit & Financial Statement assertions for each Financial Statement Line Item
• Testing Financial Statements/a set of Financial Statement Line Items, covering their relevant Audit & Financial Statement Assertions and concluding whether or not they have been presented fairly in respect to the applicable financial reporting framework (EAS, IFRS, GAAP)
Budgeting and Financial Analysis
• Participating in Budget preparation by gathering and organizing budget proposals from departments and compilation of Master Budget
• Preparing variance analysis with budget guidelines to get justifications
• Monitoring & Controlling OPEX within budget
• Preparing monthly closing reports P&L, Balance sheet & Cash flow
• Analyzing data to ensure proper accounting procedures have been followed
• Analyzing Actual vs. budgeted data through variance analysis
• Preparing rolling financial forecast analysis with budget & actual
• Preparing monthly detailed profitability analysis per location & activity
• Preparing monthly financial performance presentation & financial dashboard
• Preparing monthly cash flow forecast
• Preparing monthly ad hoc reports, Pro-forma deal analysis and cash report
• Preparing weekly sales & stock reports
• Participate & fulfill in the requirements of the Internal & External Audit
• Ensure timely implementation of Internal & External audit recommendations
• Preparing Financial Statements draft, Appendix K & disclosure
• Ensure the implementation of & Compliance with ALJ Manual of Authority
• Preparing daily cash position
• Managing Liquidity for daily operations
• Maintaining good relationship with banks
In addition to the Oil & Gas specific requirements of:
- Maintaining control over AFEs (Authorization for Expenditures) and assuring compliance, validation and authorization of Capex, Opex and General Expenditures
- Representing the company and presenting financial results for shareholders in general assembly meetings
- Presenting management information to senior management in Board of Directors meetings and explaining discrepancies and variances
-Acting as an advisor to department managers in formulating their budgets
-Examining capital budget requests and issue recommendations to the approval committee
-Creating an coordinating a consolidated capital budgeting model for management approval
Department of General Accounting and Costing, Finance.
• Preparaing and Reporting the Group Financial Statements of 20+ Concessions to Apache Corp. and the EGPC
• Period-End Accounts adjusting, closing and Reporting.
• Issuance of Internal Reports and Billings
• Maintaining the Chart of Account and issuing Bulletins for new Concessions and Cost Pools
• Cost Allocation of Shared Oil Facilities and Shared Gas Facilities
• Issuing Cost Allocation Rules/Bases and handling others from various departments.
• Reporting Monthly Cost-of-Production reports, Cost per Barrel and Representative Charts (Crude Oil, Gas and Condensates)
• Trend analysis with Working Capital, Overhead and Production Variance Analyses.
• Inter-company transactions settlement, Receivable and Billings.
• Keeping Company AFE register and assisting in the process of Cost Estimation, Work progress/Invoices on hand Accruals
• Liaising and coordinating the audit process with multiple organizations and authorities from the Egyptian Central Auditing Organization (CAO), the JV Holding Company (Apache Corp.) and Egyptian General Petroleum Corporation (EGPC) to the internal audit department of the joint venture.
ERP Business consultant in Qatar Media Coorporation
Worked on Master Data business design " Chart of account- coding- system configuration and workflow"
• Assist clients in compliance with international Financial Reporting Standards (IFRS), US GAAP as well as applicable laws/regulations.
• Apply KPMG’s Client, Engagement Acceptance & Continuance (CEAC) & Sentinel requests
• Ensure Compliance with the audit, accounting, financial reporting standards, and regulatory requirements.
• Assess the sufficiency of the internal controls over Financial Reporting (ICOFR).
• Communicate audit progress and key findings in engagements statues meeting.
• Ensure compliance with International Standards on Auditing (ISA), International Standards for Assurance Engagements (ISAE), and International Standards for Related Services (ISRS).
procedures.Training on KAM (KPMG Audit Methodology)
Financial Modelling and Valuation Analysis - FMVA
Certified Public Accountant
Corporate Finance, Valuation Program