Director of Financial Sector
NGO
Total years of experience :21 years, 1 Months
Our organization owns 13 projects in 3 sectors. (Medical & Education & Orphanages).
• Optimized team resources to reduce overhead costs by 26%, increased operating profit by 12.4%, and improved annual profits by 17.6%.
• Led process improvement initiatives resulting in streamlined operations and improved our services by15.2%.
• Manage organization's money to increasing the cash turnover rate to achieve the best investment opportunities.
• Developed strategic plans and actionable objectives to drive better financial decisions and increase financial performance.
• Established long-term strategies and plans to ensure the organization’s growth, financial performance and compliance with laws and regulations.
• Review the means to ensure the safety of facility's assets and verify actual existence.
• Carrying out regular and periodic reviews of various activities, and reporting results and recommendations.
• Implemented new accounting practices and automated reporting processes which allowed for more accurate and timely financial reporting via ERP.
• Educated and mentored financial staff in proper use and interpretation of financial data.
• Provided financial reporting and commentary on the $130 million in expenses balance sheet and income statement.
• Evaluated business liquidation plan end interim forecasts for entire Corporate and Treasury segments, consisting of $12 million in expense for Egypt branch (Revolution-time) Including the final tax returns submission and tax settlements, professional handling of the personnel compensation package.
• Develop a plan to reduce operating costs to meet economic conditions as much as possible.
• Taxation issues- and statutory deduction's compliance, stock taking control, debt collection duties.
• Compiled and signed off on several financial measures published in annual report, including a $2 million liquidity measure.
• Rebuilt several financial models, including Residual Net Interest Income, saving 130 hours annually, and developed relationships with several senior leaders within Treasury.
• Cash flow, Banking, general ledger updating and reconciliation for final accounts and management reports for control and decision-making.
• Build the role of assistant to the Managing Director.
• Prepared financial analysis to support an Income Statement of $220 million in annual revenue for the Controller and CFO.
• Devised a new process for financial forecasting resulting in more accuracy and less exertion on the accounts team and analyzed end prepared capital investment opportunities for expansion of quickly growing business.
• Generated proper adjusting journal entries to close each months' books and saved the organization over $6ok annually by consolidating functions through automation.
• Preparation of final accounts and management reports, debtors and creditors reports, VAT computation and filing including VAT refunds.
• Liaising with external auditors and other agencies.
• Review the cash and bank reconciliation and working capital requirements and stocks in store and bonded warehouses requirements.
• Maintaining of the fixed assets register and general ledger, MIS putting up systems of accounting and control of site activity.
• Inter-departmental liaising, procurement & production issues, maintenance, HR, and attending periodic review meetings.
• Devised a new process for sales forecasting resulting in more accuracy and less exertion on the sales team.
• Analyzed and prepared potential capital investment possibilities for a rapidly expanding company.
• Prepares and submits income statements for the company's roughly 100 million in yearly revenue to CFO.
• Compiled in-depth financial analysis and frequently delivered it to the CFO and director of finance.
• Greatly increased ERP automation, which produced savings of 150K, a year.
• Calculate direct /indirect unit costs after analyzing import messages (LC).
• Adopting approvals for each financial period and matching client and vendor balances.
• Modified cycle of documentation to reflect changes in each department's work.
• Find adaptable responds to deviations by understanding their causes.
• 1. EXTERNAL AUDIT:
• The head of every client service, including bookkeeping, classification, auditing, reviewing financial situations, and financial reporting preparation.
• Assuring that data analysis and accounting concepts it used when preparing financial reports.
• Examining financial information to review (financial positions, income statement, cash flow, changes in equity, other reports) to give an overview of the company's financial condition, both now and in the future.
• Assuring the precision of financial statement presentation and level of compliance with "IFRS" International Financial Reporting Standards.
• Analyses budgets, comparative financial statements, and financial situation items.
• Assets and obligations it reevaluated in preparation for a company's bankruptcy or merger.
• Evaluation of a company's finance internal control and internal audit procedures.
• Measure of inventory for all different types of businesses. Moreover, depreciation techniques and a fixed asset registry.
• 2. TAXING:
• Respond to all the tax department's forms within the prescribed period, tax penalty cost 0%.
• Document processing and test preparation (certified tax records).
• The presence of internal committees, appeal committees, Ministry of Justice specialists and representation, as well as legal submissions, reducing annual overhead tax expenses by 26%.
• Preparing our customers' annual and monthly tax declarations. based on the guidelines laid forth in the income tax law 91 of 2005 and any related agreements. (Income & Payroll & other Taxation).
• 3. Consultancy:
• Creation of rules, procedures, and regulations (Financial - Inventory - Fixed Asset - Procurement - HR) also creating organizational frameworks and documentation cycles for all different types of businesses.
• Taxation, bookkeeping, and financial advisor. the fiscal feasibility study's preparation. developing project-specific finance models.
o Review and follow-up to the Treasury and disbursement procedures,
o Review the accounting entries and adjustments.
o Preparation and supervision of business financial management.
o Review and analyze financial statements and management reports.
o Dealing with banks by the bank activities
o Control and follow-up to the goals and the company's sales.
o Preparing the reports and financial information for the departments to take appropriate decisions.
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