Senior Finance Manager
SS Lootah International
مجموع سنوات الخبرة :37 years, 1 أشهر
•Provides technical support and expertise to subordinates staff in the day-to-day management.
•Supports process for assessment of vendors payments required and guidance related to development.
•Reviews need for project financing both for existing and new projects.
•Prepares the cash flow statement for projects and company as a whole in coordination with the project managers in order to manage cash flows of the company.
•Oversees monthly closing of books of accounts within agreed deadlines.
•Reviews management reports including profit and loss statement, balance sheet, variance analysis and report the key issues to the management for corrective actions.
•Monitors the implementation of standards, controls and procedures developed by the management.
•Collaborated with the senior management team by using financial, business and analytical knowledge to improve and execute strategies and processes.
•Managing both budgeting and forecasting process.
•Established and implemented internal controls policies and procedures.
•Provided the internal controls guidance and supported to field locations.
•Oversaw all financial transactions and functions in line with Local GAAP as well as IFRS, reporting and policies for multiple companies and locations (UAE, Oman, Qatar and KSA) including G/L account transactions and reconciliations prepared by accounting staff; fixed asset management and depreciation schedules.
•Performed monthly variance reports for service and operations departments.
•Performed monthly financial statements and WIP schedule; sales, cash flow and financial projection reports; budget and forecasting reports; external audit information requirements for timely completion of audit schedules.
•Communicated with the regional office in Paris and provided all the required data and reports.
•Conveyed various tools to project managers while helping Operations Department with accurate project budgets that reduced budget variances by 10%.
•Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations.
•Arranged new sources of finance for a company's debt facilities.
•Followed up any changes in financial regulations and legislation.
•Managed the monthly payroll for 120 Employee.
•Developed high performance finance team to drive disciplined growth and strenghen controls, scale infrastructure for growth, and build shared service center within low cost center.
•Reduced indirect cost by 15% via development of financial roadmap.
•Increased emphasis on budgeting, performance monitoring of group companies and standrized MIS on an ongoing basis.
•Improved the financial and accounting processes, and procedures.
•Developed the collection cycle which led to decrease the debtors balance by 40%.
•Developed the implementation of goals, policies and procedures relating to financial management in preparation of the financial projections of the organization.
•Focused and Monitored of all expenditures which resulted in 10% cost effectiveness.
•Assisted in putting in place the Accounting and Finance organization structure which resulted a reduction of manpower by 20%.
•Developed training of the team members aligned with business requirements and prepared them to handle significant growth in the company.
•Full implementation of SAP system for Egypt, UAE and Cyprus.
•Supported the design of the internal control framework in accordance with accepted standards and practices.
•Assisted with coordinating of testing requirements with internal auditors for scheduled audits of internal controls over financial and procurement reporting.
•Communicated the business processes and controls to internal audit to contacting the business lines and other locations.
•Full coordination between internal audit and the different locations to implement audits process and to develop remediation plans for control exceptions and to close the gaps and findings.
•Complete implementation of the Purchase to Pay process(P2P) in line with the required regional requirements.
•Contributed to the streamlining of both Procurement and Finance functions and how the procurement team execute their role in accordance with the finance controls standards and policies.
•Developed the Workflow Methodology.
•Designed education and training goals and guidelines for procurement staff, which improved job efficiency and led to attainment of $300K in cost savings after the first year of implementation.
•Provided expertise related to the assessment, review, revision, and approval process for 3rd party contracts.
•Provided direct interface with legal, vendors, and internal stakeholders to facilitate effective management of contract process.
•Participated in and guided efforts for process improvement and management of contracting process.
•Supported sourcing supplier performance and relationship management programs related to service level agreements and commercial contract management.
•Developed and maintained a professional network with business partners, colleagues and the supply base.
•Facilitated coordination of both local and regional procurement operations.
•Executed on time payments to all vendors for Egypt, Dubai and Cyprus.
•Contributed with retail forces for a successful implementation of On the run project.
- Financial Accounts Manager. (1999-2000)
- Banking Manager. (1996-1999)
- Financial Systems Analyst and Accounting Consultant. (1994-1996)
- Senior Accountant. (1990-1994)
acquired numerous courses to qualify me for Senior Auditor at the auditing Group, I worked with KPMG for more than three years which allowed me to be a registered Public Accountant in The Egyptian Society of Accountants & Auditors .
Participated in the auditing group for major banks in Egypt as well as the biggest manufacturing and investment companies.
CMA
Modern Accounting Certificate.