Financial Director
Circle K
Total years of experience :22 years, 3 Months
- Coordinate Financial Statements closing process, Oversee the preparation of appropriate tax returns, and managing the treasury function within the company.
- Lead in the development of operating budgets, cash flow projections, and short-term and long-term financial plans and forecasts.
- Coordinate Financial Statements closing process, Oversee the preparation of appropriate tax returns.
- Lead in the development of operating budgets, cash flow projections, and short-term and long-term financial plans and forecasts, establish corporate pricing guidelines and policies to enhance long-range profitability and promote growth.
- Member of senior executive leadership team assign to set the Strategic business goals.
- Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
- Manage cash flow planning process and ensure funds availability.
-Managing the finance and accounting functions to encourage optimum utilization of its services by all operational departments. These operations include regular preparation and presentation of financial info, and reporting.
- Responsible for developing and compliance with company’s accounting requirements to include, but not limited to, meeting scheduled reporting, special requests for financial info. And adherence to company’s accounting practices and policies.
- Develops and prescribes accounting and reporting principles, policies, and practices, for use throughout the company, which are sound and conform to Egyptian Accounting standards, Generally Accepted Accounting Principles, and the applicable laws and regulations.
- Provides the analysis and explanations on growth, liquidity, costing, and profitability using financial ratios and comparative figures, and supervises identification of variances from budgets and prior period actual.
- Manage and oversee the implementation of corporate financial planning, budgeting and forecasting in order to ensure the business is financially secure.
- Analyzes company’s Financial and operational performance to identify new opportunities for
Improvements and emphasizes actions for such improvements and cost saving.
- Supervises the processes of closing the books at the end of each month, quarter, and the fiscal year in a timely manner.
- Prescribes adequate systems of internal control, to ensure proper stewardship of assets, and adequacy of accounting records and documentations, including appropriate business processes manuals.
- Supervise the process of the internal and external auditing services for businesses.
- Direct the implementation of corporate taxation management activities in order to ensure the Company’s taxation obligations are fulfilled and minimized.
- Negotiate with different banks to get the best offers to the company, and build strong relationship with different banks to resolve any liquidity issue.
- Accomplishes accounting human resource objectives by recruiting, selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations, planning and reviewing job contributions; planning and reviewing compensation actions; enforcing policies and procedures.
- I have participated in the implementation of the new ERP “Oracle” upgrade to the newer version, which add new modules to the new version.
Manage the relevant assurance engagement as a project by determining, in consultation with the manager, senior manager/partner, the definition of the engagement strategy and its execution in compliance with EY’s policies and protocols.
Manages the economics of the engagement and is active in identifying profitable opportunities consistent with our independence policies.
Leads teams on engagements, technically contributes to relevant assurance engagements and personally executes complex engagement procedures when required, and anticipates and identifies risks, and escalates issues as appropriate, as well as determines that delivered client work is of high quality.
Creates a positive learning culture, coaches, counsels and develops team members, and actively establishes, maintains and strengthens internal and external relationships.
Determines the work plan is properly executed by the team, reviewed, documented and concluded in compliance with EY’s Q&RM guidelines.
Perform the risk assessment procedures and identify risks, determine audit strategy, and determine planned audit approach according to E&Y global audit methodology.
Manage the relevant assurance engagement as a project by determining, in consultation with the manager, senior manager/partner, the definition of the engagement strategy and its execution in compliance with EY’s policies and protocols.
Manages the economics of the engagement and is active in identifying profitable opportunities consistent with our independence policies.
Leads teams on engagements, technically contributes to relevant assurance engagements and personally executes complex engagement procedures when required, and anticipates and identifies risks, and escalates issues as appropriate, as well as determines that delivered client work is of high quality.
Creates a positive learning culture, coaches, counsels and develops team members, and actively establishes, maintains and strengthens internal and external relationships.
Determines the work plan is properly executed by the team, reviewed, documented and concluded in compliance with EY’s Q&RM guidelines.
Perform the risk assessment procedures and identify risks, determine audit strategy, and determine planned audit approach according to E&Y global audit methodology.
Perform an audit of Internal Control over Financial reporting that is integrated with an audit of Financial Statements according to SOA 404.
Develop and maintain productive working relationships with client personnel and assess clients' satisfaction. Proactively maintain contact with the client throughout the year. Adapt the audit approach to the changing client environment. Demonstrate a thorough understanding of complex accounting and auditing concepts and apply them to client situations.
Direct daily fieldwork, and inform manager of the engagement status, as well as, manage staff performance. Develop people through effectively delegating tasks and providing guidance to staff. Provide performance feedback and training, and conduct performance reviews. Foster an efficient, innovative, and team-oriented work environment. Contribute ideas/opinions to the audit teams and listen/respond to other team members' views.
Department: Assurance Services - working in a group auditing oil and Gas, as well as industrial and commercial firms.
□ I’m the In-charge Senior for auditing the financial statements of the following companies:
- Cargil Trading Co.
- Synergy Global Professional Services.
- Al Moltaka for Investment.
- BP Co. (Egypt Branch).
- ENI- IEOC Co. (Egypt Branch).
- PICO Petroleum Integrated Services
- PICO Logistic Services.
Perform the risk assessment procedures and identify risk, determine audit strategy, and determine planned audit approach according to KPMG audit approach.
Understand accounting and reporting activities, understanding and evaluating of the internal control structure in order to assess control risk for purpose of identifying types of potential risks of misstatements, as well as, test operating effectiveness of selected controls and assess control risk.
Plan substantive procedures and performing substantive testing including analytical procedures and tests of details of transactions, and consider if audit evidence is sufficient and appropriate.
Perform overall evaluation and form an audit opinion, Reviewed Financial Statements and notes to Financial Statements.
• Participating in the special assignment, assigned to execute the due diligence assignments.
A. Conducting audit for management to assess effectiveness of controls, accuracy of financial records, and efficiency of operations by performing the following duties:
1. Audit records of departments and interviews workers to ensure recording of transactions and compliance with applicable internal bylaws and regulations.
2. Examining department activities for compliance with management plans and policies.
3. Reviewing continuously the means of safeguarding and preserving the company’s assets, and to verify the existence of such assets.
4. Ensuring the quality of consistency in the accounting journals, registers, compliance with documentation cycles, implementation of Internal Review Systems as well as to ensure
that payment is effected in accordance with the regulations, circulars, internal bylaws and decisions taken.
5. Preparing and submitting audit findings and making recommendations to management.
6. Gathering the Discussion Drafts submitted by the external auditors for the Group’s Subsidiaries within the region to perform a check and reviewing for the same prior to approving it to be issued as a final version.
7. Following-up the works assigned to the stocktaking committees for counting the assets and inventories of the subsidiaries in 30/6 and 31/12 of each year.
B. Preparation of the annual audit plan.
C. Producing reports analyzing results over time or between entities. (Horizontal analysis) and Calculate useful financial ratios.
D. Participating in the working team assigned to the execution of the due diligence for the companies subject to evaluation, in which the Group is intended to acquire or contribute.
• The general Responsibilities for correspondent’s bank accounts control according to the bank system, the conditions that govern the choice of new correspondents, and the basics & accounting procedures related to the Documentary credit, import and export transaction.
• I have got a training in all the departments in the Finance Sector of the bank, such as Dealing Room, Back Office, Hot Line, and Documentary credit, as well as Credit Department.
Certified Public Accountant (CPA)