Chief Financial Officer CFO
Prime FinTech
مجموع سنوات الخبرة :25 years, 6 أشهر
• Develop the company’s internal processes and authority matrix
• Supervise system implementation and integration
• Develop the accounting system including accounting policies, procedures and practices. Design and supervise the timely preparation of management reports
• Recruit and build a successful finance team and help in the recruitment process of other departments
• Build and maintain successful continuous relations with company’s stakeholders
• Advise and recommend to the board the financing alternatives and growth opportunities
• Oversee and control the effective and efficient day-to-day operations of the company’s Finance, Admin. And HR Departments
• Develop, recommend and supervise the execution of plans and programs to meet the company’s long term and short term goals and requirements
• Direct and supervise timely and accurate preparation of financial, statutory, management reporting, and financial and tax audits.
• Direct and liaise with other first line managers to prepare annual, quarterly, and monthly budget.
• Cash Flow management.
• Issuing annual, quarterly, and monthly actual reports with comparisons to budgets.
• Intercompany balance confirmations.
• Review and approve contractors settlements.
• Supervising system developments and modifications.
A sister company of the Egyptian European Co. for Real Estate Investment.
Assigned as the CEO with the target of turning the company around and restructuring its debt.
The task was accomplished and management handed over to a new CEO.
• Supervising timely and accurate preparation of financial, statutory, and management reporting.
• Liaise with Profit Center and Cost Center Managers to prepare annual, quarterly, and monthly budget.
• Cash Flow management.
• Issuing annual, quarterly, and monthly actual reports with comparisons to budgets.
• Intercompany balance confirmations.
• Ensuring 100% compliance with Head Office and Regional Office Guidelines.
• Supervising system developments and modifications.
Achievements and contributions:
• Implementing Premia system, an insurance and financial package in six countries.
• Streamline the budgeting and forecasting process.
• Introducing new management reports to satisfy the needs of both local and regional management.
• Coordinating timely and accurate financial and management reporting.
• Preparation of annual budget.
• Issuing periodic activity and performance reports.
• Maintaining smooth running of the finance function.
• Supervise Administration and HR functions.
• Restructure and set up the Finance function.
• Revisit current policies and implement new policies.
• System implementation for real estate projects and furniture franchise divisions.
• Liaise and negotiate with banks for financing needs.
• A Member of a 3 person committee to advise the Chairman on strategic investments and organizational decisions.
• Ensuring adherence to all company’s guidelines laid down
• Maintaining smooth running of accounting function
• Coordinating timely and accurate preparation of financial, statutory, and management reporting
• Preparation of annual, quarterly, and monthly budget
• Issuing annual, quarterly, and monthly actual reports with comparisons to budgets
• Supervising system developments and modifications
• Assisting in ad hoc projects
• Assisting other areas within the Finance & Accounting area
• Providing backup to finance director on accounting & strategic financial issues
Achievements and contributions:
• Migrating from a manual environment to a fully automated finance work flow through the implementation of SUN system. Also mapping the exiting underwriting system to the SUN system, thus minimizing manual work drastically. This has also led to a very high level of accuracy and timeliness.
• Designing a complete set of management reports to satisfy the needs of both local and regional management.
• Providing reliable, timely and actionable financial reporting to senior management
• Providing backup to finance director on accounting & strategic financial issues
• Updating & running monthly reporting process from initial analysis reports to final business unit management packages
• Performing monthly analysis and support the accounting team
• Preparation of the annual operation planning exercise, monthly and quarterly forecasts
• Identifying risks & opportunities within the budget on an on going basis
• Preparation of the annual plan and outlooks, including ZBB process. It also includes preparation of the plan presentation package and schedules.
• Monthly reporting package to international headquarters.
• Working closely with Marketing Dept. in assessing the profitability of marketing actions as a prior step to implementation.
• Preparation of an internal management reporting packages measuring the performance of each division of the company (revenue achieved, gross profit, overheads, productivity measures, ...etc.).