Regional Financial Controller
IVAS
Total years of experience :17 years, 8 Months
Ensure a high quality of accounting accuracy, timeliness of reporting and compliance to corporate policies, IFRS.
Liaise with and build a working relationship with Regional Shared Services Centre to oversee all the above
functions for all MENA operations. Oversee financial reporting in the company. Deliver analytical insights at the
global level of the division Preparing financial reports, budgets, cost reports and financial forecasts on a regular
basis. Review and analyse monthly closing, Prepare, update and analyze the annual budget, Develop
consolidated management reports. Organize the implementation of monthly budgeting analysis, assist in the
completion of regular business performance follow-up. Identify and manage "Best Practices" for the accounting,
finance. Ensuring IFRS standards are well implemented and applied. Implement and enforce finance policies
and procedures, tight controls and reporting system. Organize, review and timely submit various financial
statements and financial analysis reports.
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.
Maintains accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
Ensure the accurate and timely processing of positive pay transactions.
Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
Ensure that all general ledger accounts are reconciled to subsidiary records on a monthly basis.
Supports budget and forecasting activities.
Collaborates with the other finance department managers to support overall department goals and objectives.
Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
Advises staff regarding the handling of non-routine reporting transactions.
Reconcile bank and investment accounts, and prepares related journal entries
Supervise the general ledger group to ensure all financial reporting deadlines are met.
Assist in development and implementation of new procedures and features to enhance the workflow of the department.
Provide training to new and existing staff as needed.
Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.
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.
Maintains financial security by establishing internal controls.
Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.
Protects organization's value by keeping information confidential.
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Accomplishes accounting and organization mission by completing related results as needed.
Monitor cash flow and investments.
Support Controller with special projects and workflow process improvements.
Develop and maintain financial record keeping and reporting systems.
Supervise payroll, billing, receivables, payables, cash receipts, cash disbursements, and general ledger functions.
Oversee, in conjunction with independent auditor, preparation of annual audit.
Supervise preparation of invoices.
Supervise Staff Accountant and Finance Assistant.
Develop and maintain financial record keeping and reporting systems.
Maintain a documented system of accounting policies and procedures
Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
Forecast cash flow positions, related borrowing needs, and available funds for investment.
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
Maintain banking relationships.
Accounting Section head
at Samsung Electronics Egypt
Location: Egypt
Company Industry: Manufacturing and Production
Job Role: Accounting/Banking/Finance
December 2012 - Present
Section head of (Investments, Fixed Assets, Insurance, Credit & A.R) December 2012 to Present
Samsung Electronics Egypt
Job Description
· Maintain the annual investment budget plan.
· Analyze the differences between actual and target plan on a monthly / Quarterly & Annually base.
· Maintain the monthly investment target plan.
· Maintain and approve for new FA acquisitions before CFO & CEO.
· Maintain the FA register & perform any needed reclassifications or adjustments.
· Managing all kinds of FA transactions.
· FA physical count team leader.
· Inventory count planner & analysis maker.
· Handle the monthly FA closing and depreciation run process.
· Monitoring Machinery & Equipment shipments in transit with GR team and maintain a proper clearing.
· Monitoring the allocation of logistics expenses, Customs, Sales Tax, and Insurance for new machinery & Equipments imports.
· Managing all AUC masters (Buildings, Machines, etc.)
· Managing AUC capitalization to FA.
· Reporting the upcoming investments payments to finance manager for the purpose of cash flow expectations.
· Reporting the upcoming collection status to finance manager for the purpose of cash flow expectations.
· Managing all the customers’ accounts credit limits.
· Purchasing a credit hedge policy for every new customer open account.
· Managing LCs with foreign customers.
· Monitoring AR collection.
· Reconciliation AR accounts.
· Monitoring the monthly AR aging report & take the necessary action against any delay in collections from customers.
· Monitoring customers’ credit limits & approve for any necessary exceptional release for a customer after confirming with the customer about the delayed collections.
· Managing all kinds of scrap sales.
· Calculating the sum insured for all kinds of corporate insurance policies on annual base.
· Managing all company’s corporate insurance policies
· Responsible for claims to (service providers, vendors, freight forwarders, etc.
· Managing the indemnities from vendors or insurance company.
• compile and analyze financial information to prepare financial statements including monthly and annual accounts
• ensure financial records are maintained in compliance with EAS.
• ensure all financial reporting deadlines are met
• prepare financial management reports
• ensure accurate and timely monthly, quarterly and year end close
• establish and monitor the implementation and maintenance of accounting control procedures
• resolve accounting discrepancies and irregularities
• continuous management and support of budget and forecast activities
• monitor and support taxation issues
• develop and maintain financial data bases
• financial audit preparation and coordinate the audit process
• ensure accurate and appropriate recording and analysis of revenues and expenses
• analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues
• analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems
Planning Audit by understanding the entity and its environment, including its internal control, assessing the risks of material misstatement and designed further audit procedures to cover risks; Preparation the audit report related to auditing the financial statement in accordance to the applicable framework "as of EAS, IFRS or GAAP" and compliance to applicable laws.
Representative Clients
• Orascom Development Holding AG
• El gouna for Hotels "Movenpick Resort, Sheraton Miramar, etc"
• Albatros Hotels "Dana Beach, Aqua Park"
• Scimitar Production Egypt Limited
• Vodafone Egypt Telecommunications
• Egyptian French Industrial Company "Jacop Delafon"
• Dow Chemical's Egypt
• Tamweel Mortgage Finance
• Summit Technology Solutions Egypt
• Movenpick Hotels and Resorts Management Company Egypt
• General Cable Egypt "BICC"
• Abu Dhabi for Touristic Establishments
Job Description
Review organization financial information, perform various audit tests, prepare audit report, highlight any anomalies founded, appraising the financial records, analyzing and review organization various contracts.
• Taqa Arabia Group "Subsidiary of Citadel Capital"
• ABB Power & Productivity Egypt
• El Salam International Hospital
• Al Ahly for Real Estate Development
• Fresh Electric Group
A graduate of Helwan University, Bachelor of commerce with a specialty in Major of Accounting.