Chartered Accountant
Chartered Accountant
Total years of experience :37 years, 3 Months
Accounting Services
Due Diligence Services
Financial feasibility studies Services
Audit Services
Achievements :-
•Improved collection days up to 45 days instead of 60 days,
•Maintain minimum 50 days payment terms instead of 45 days for local vendors and 60 days instead of 75 days for inter-companies,
•Keeping a tight control on cash position by tight cost control and Necessary expense reductions and limited CAPEX outflows,
•Met financial reports deadlines consistently.
•Increased productivity of finance department’s employees and the overall efficiency of the company by introducing processes and procedures that eliminated duplication and reduced the time to complete month-end reports.
•Complied and distributed weekly activity reports to general manger in a timely manner with the heights degree of accuracy.
Responsibilities :-
Lead all financial functions: Accounting, Taxation, Treasury, Budgeting, business planning and forecasting,
Performance reporting (actual vs. budget) and related analysis,
Direct and coordinate the establishment of budget programs and give advice and assistance to Departments Heads in preparation of budgeted,
Oversee the flow of cash and prepare cash flow forecasts on a monthly basis and advise management,
Oversee treasury, credit management, cash collection,
Prepare standard reports such as monthly income statement, balance sheet and cash flow, and perform monthly financial analysis,
Banking relationships function,
Develop and implement systems for the safekeeping of documents and records,
Ensure the integrity of financial Data and reporting, Ensure all tax compliance work are completed and filed timely
Achievements:-
•Managed and controlled of company’s annual budget of 658 MEGP In 2008, 495 MEGP in 2007, 390 MEGP in 2006,
•Reducing fixed spending by 10% and variable overhead spending by 15% through a variety of cost-improvement initiatives through better utilization of resources.
•Improved financial internal control systems
Responsibilities :-
Preparing financial reports, budgets, cost reports and financial forecasts on a regular basis,
Overseeing the financial analysts,
Ensuring that the financial records are accurate,
Ensuring that every expense is properly documented,
Ensuring that the books of accounts are compiled every end of the month and at the end of every financial year,
Ensuring that there is fiscal responsibility within the firm’s operations,
Responsible for the budgetary control in a specific firm,
Corresponds with the senior management regarding any financial decisions that are made
Achievements:-
Full implementation of policies and procedures,
Improved the accuracy of budget forecasts,
improved financial record accuracy,
prepared profit & loss analysis for product lines providing management with estimates of product profitability for strategic planning,
Led company team in driving cost-reduction initiatives that resulted in 25% saved over five years through processes operation.
Responsibilities:-
Overseeing all aspects of financial control in the business.
Providing financial, commercial and strategic support to the business.
Preparation of management information from source data.
Producing monthly management accounts, budgets, forecasts & Tax returns.
Presenting monthly results, budget variances and ad-hoc analysis.
Involved in Business Planning, P&L, Balance sheet & liquidity planning.
Overseeing internal financial controls.
Preparation and reporting of income and expense forecasts to senior management.
Reviewing new & existing business models and capital appropriation requests.
Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
Achievements :-
Improved the financial system by implemented a new automated financial system, trained financial stuff, and implemented a filling and archive system,
Improved billing cycle by bill customers more quickly to speed up the collection process,
Kept inventories level as low as possible without adversely affecting the business, to keep money free in the future
Negotiate longer payment terms with vendors
Improved the liquidity and profitability by Assess the costs of overhead and lower them, like advertising, professional costs and rent,
Implemented of financial policies and procedures
reducing annual overtime by EGP 100, 000 by monitoring the numbers of hours that each employee works,
Complied and distributed weekly activity reports to general manger in a timely manner with the heights degree of accuracy.
Responsibilities:
Management of all accounting and finance function and operations,
Direct all aspects of accounting operations including financial reporting, financial analysis,
Perform quarterly financial statements analysis,
Ensure the integrity of financial data and reporting,
Fully utilize the accounting system for monthly closing and financial reporting on a time basis,
Develop and implement systems for the safekeeping of documents and records
Preparation of annual forecast with interim updates,
Monitoring monthly cash flows,
Co-ordinates with banks to ensure that appropriate arrangements are made to handle cash positions.
Achievements:-
•Met audit deadlines consistently.
•Established good working relationships with clients.
•Improved clients’ internal controls by reporting weakness in controls observed and recommended actions should be taken to improve and develop these weakness
•Improved clients satisfaction in advisory services such as Feasibility Studies and Due Diligence
•Improved audit stuff productivity
Responsibilities:-
Preparation Of The Yearly Audit Planning,
Supervising Audit Team,
Understanding And Evaluating The Internal Control Systems Of The Clients,
Performing Financial Analysis Of The Financial Statements,
Review Of The Overall Presentation Of Financial Statements Assessing The Adequacy Of Disclosures,
Preparing Of Management Letters, Which Report Weakness In Controls Observed And Recommendations As Well As Audit Report
