Chief Accountant
Beyout Investment Group
Total years of experience :15 years, 9 Months
- Complete and submit the monthly KHX consolidated financial report within first 6 working days of next month related to BIG consolidated financial statements.
- Complete external audit for year end 31st Aug and obtain the final audit report by 31st Oct.
- Complete external audit for year end 31st Dec for Subsidiary company (Tatweer) and obtain the final audit report.
- Complete and submit the Quarterly KHX consolidated financial report within first 8 working days of next month of next quarter.
- Issuing a comparative reports every quarter; complete analysis report for revenue, costs and collection within 9th working day from following quarter.
- Develop & submit the consolidated Budget for the academic year by June end.
- Develop & submit the consolidated Budget for BIG financial year by Nov end.
- Ensure to complete 100% and tally the balances between the related & subsidiary companies by end of each month.
- Following up operational work related to finance Dept. and collection for the subsidiaries companies.
- Review and provide variance explanation on actual vs. budget analysis.
- Control the expenditure of CAPEX.
Finance & Banks Department
* Selected Achievements
-Participated in deals totaling KD 2 billion for 7 Sectors within the group (more than 30 subsidiary companies).
-Managing refinancing the debts from foreign to local banks.
-Reducing the debts by 90% to be under KD 200 Million.
-Participated in financing mega projects across the borders (i.e. GCC, Africa and Europe).
Job Description:-
- Support Sr. Finance Manager in preparation of the business plan, budget & reviews.
- Responsible for Prepare regular financial reports along with submitting a monthly report to the CEO and the executive commodity.
-Implementing financial policies within all the group after obtaining the board of executive commodity approval.
-Review and provide variance explanation on actual vs. budget analysis.
- Ensure integrity of financial reporting systems across all departments.
- Review and update financial and/or managerial reports.
- Develop high quality practical and appropriate credit solutions (i.e. Lending structures) for the group subsidiaries such as Financial/Bank Guarantee (FG/BG).
- Review financing proposals received from the lenders and evaluate terms and conditions, make amendments as per the commercial consideration agreed in the term sheet.
-Liaise with external auditors to ensure that financial results are reported on time
- Liaise with external and internal legal counsels and ensure timely execution of the facility documentation.
- Participate and lead negotiations with lenders for bid improvements.
- Lead compliance of all major Conditions Precedent in the loan documentation to achieve timely completion of the financial closure and draw-down.
- Ensure full compliance to KYC policy through completing the forms upon requested from the banks.
- Negotiating with the banks to restructure/extend the dues and/or obtaining new specific facilities.
- Handling the non-cash facilities issues (i.e. L/C’s and L/G’s) in order to use the granted lines efficiently upon requested from all the subsidiaries companies in the group, these includes preparing its reports.
-Managing the department team consists of 4 staff.
- Strengthen alliances with all relationship banks and initiate strategic coalitions with new banks.
Job Description:
•Negotiating, structuring & coordinating among all sources of finance (i.e. Banks, Financial Institutions & Leasing Co.’s almost 60 national and multinational banks) regarding all the Group in local and regional Business, including its subsidiaries & affiliates.
•Develop high quality practical and appropriate credit solutions (i.e. Lending structures) for the group subsidiaries.
•Ensure of providing the required credit facilities for the construction projects with less cost, collaterals and conditions, this including dealing with conventional and Islamic banks with highly understanding of the products of each type.
•Review all the documents related to the facility agreements such as the offering letter & account opening forms from credit and legal perspectives. Nevertheless, I put my comments and recommendations then report them to high management, then forward the whole set to our legal Dept. to get them signed from the authorized signatories.
•Spread and analyze the financial statements & prepare reports with projected scenarios for prequalification stage in biding. (i.e. Financial statements figures, Ratio analysis, completion percentages)
•Coordinate the entire Group authorized signatures structure through the constitutional documents for each company.
•Responsible of handling and reviewing all trade finance issues (i.e. L/C’s and L/G’s), These include reviewing the text and handling day to day transactions through the granted lines in different Banks.
•Selected Achievements
•Participated in deals totaling KD 2 billion.
•Participated in financing mega projects across the borders (i.e. GCC, Africa and Europe).
Tanmeyah is related to EGB (Egyptian Gulf Bank). The “Microfinance” term is often defined as a financial service for low - income groups.
Job Description:
•Reviews and evaluates private and corporate records to select delinquent accounts for collection efforts.
•Follow-up stoppers in arrears through the collection company.
•Insert, review and follow the movement of cash payments of arrears.
•Composition of effective and quick solutions for special cases of insolvent.
•Prepare reports to the heads of the Board of Directors for payment in arrears & foreign production company achievement.
•Attending board and senior management meetings
•Convert cases of swindling and embezzlement to the Department of Inspection and Legal Affairs and Follow-up Results.
•Follow-up and make sure of the process of calculation and payment of commission to the collection company.
•Held meetings for specialized (collection companies) to evaluate their production to choose the best company among them to deal with our issue.
•Making presentations to the company board on specific financial & legal issues.
reports to identify the Credit Risk through using VaR.
•Lock the Branches which their customers have exceeds the Credit limit.
•Unblock the Branches which decrease its credit risk.
•Prepare Portfolio at Risk reports.
•Prepare Credit Risk position report.
•Implements approved facilities and action plans with determining the amount & the repayment period to reduce the risk.
•Recognizes and anticipate any changes in the position of account holders, so that the Bank can move quickly to protect its position.
•Mange & cooperate between the central revision department & the credit officers.
•Supervise over than 42 employees (5 central revision & 37 credit officer), assist in decision process for hiring, promoting & terminating the stuff.
Business Association for Micro Finance Services
Job Description:
•Performing auditing functions on the various branches of the project - all over Egypt - on a scheduled plan to monitor the effectiveness of the branches (collections process) and report on deficiencies.
•Documents review.
•Fields review by the visits.
•Write a report and presented to the branch manager.
•Discuss and clarify the weaknesses of the branch with the branch manager.
•Write a summary report and presentation to the Board of Directors.
* Preparing MBA in finance currently.
Financial Modeling & Valuation Analyst (FMVA)®
Bachelor of Commercial Science, Accounting Major (English department), Alexandria University, Egypt, Last Year Grade: Good, Aggregate Grade: Fair