أسامة فهمي

Mowafak Is the leading Saudi Group manage and run business all over the world - HQ in Saudi Arabia, branches ( Egypt - Saudi Arabia - Germany - Bahrain ), core investment ( Real Estate - Hotels & Resorts - Trade Business - Contracting - Retail - Foods & Beverage - Investments ) .

Planning
1. Assist in formulating the company's future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans.
3. Develop financial strategies.
4. Manage the capital request and long term and short term budgeting processes.
5. Develop performance measures that support the company's strategic direction.
Operations
1. Participate in key decisions as a member of the executive management team.
2. Maintain in-depth relations with all members of the management team
3. Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
4. Oversee the financial operations of subsidiary companies and foreign operations
5. Manage any third parties to which functions have been outsourced
6. Oversee the company's transaction processing systems
7. Implement operational best practices
8. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
9. Supervise acquisition due diligence and negotiate acquisitions.
Financial Information
1. Oversee the issuance of financial information.
2. Report financial results to the board of directors
3. Manage the reporting to external parties.
Risk Management
1. Understand and mitigate key elements of the company's risk profile
2. Monitor all open legal issues involving the company, and legal issues affecting the business.
3. Implement and monitor reliable control systems
4. Maintain appropriate insurance coverage.
5. Ensure that the company complies with all legal and regulatory requirements
6. Ensure that record keeping meets the requirements of auditors and government agencies
7. Report risk issues to the audit committee of the board of directors
8. Maintain relations with external auditors and investigate their findings and recommendations

Funding
1. Monitor & Manage cash balances and cash forecasts.
2. Arrange for debt and equity financing.
3. Invest funds.
Third Parties
1. Manage the investment committee and manage the relations with third parties.
2. Maintain banking relationships
3. Represent the company with investment bankers and investors

G4S Is the leading global integrated Security Company specializing in the provision of security products, services and solution. The group is active in more than 120 countries, and is the largest employer quoted on the London Stock Exchange with more than 618, 000 employees and has a secondary stock exchange listing in Copenhagen.
Current Job Responsibilities

 Provide concise evaluation to senior management with monthly and timely financial reporting to allow review of financial statements.
 Guides financial decisions by establishing, monitoring, and enforcing accounting policies and procedures.
 Analyze and report to senior management on the management results, working capital, overhead costs, debtors and creditors activity which will facilitate comparison with agreed objectives and enable opportunities for improvement and corrective action taken.
 Enable management to anticipate problems or opportunities in time to deal with them effectively.
 Prepare Monthly, Quarterly, Yearly reporting (P&L, Balance Sheet and cash flow) compliance of Company procedures & IFRS to the group in the HQ in Europe.
 Ensures integrity of all compliance, internal and external reporting according to Group financial organizations and in line with IFRS and Local-statuary and local legal requirements.
 Ensure that the company’s accounting systems and controls withstand the rigorous of both internal as external (professional) audits.
 SOX/COSO implementation & monitoring
 Manage internal audit team Activities.
 External Audit preparation and finalize the local statuary,
 Manage the accounting department to ensure accuracy. Make sure that positions are properly staffed with the necessary skills (trained and experienced). Set goals and objectives for subordinated and conduct performance reviews on regular basis.
 Assess current talent and determine staffing levels and strategic plans for talent development and succession planning
 Ensure all accounting procedures comply with IFRS. Also comply with all legal and tax requirements and company policies and practices including the development of efficient internal control systems and procedures.
 Supervision of A/P, A/R, Credit, Collection, Billing, Payroll, General Ledger Accounts & Maintenance and all other accounting functions.
 Recording and accounting of Standard cost sheet, inventories, pricing policy, contracts and all others commercial activities.
 Maintain of project controls: in particular, commitments, incurred cost, change management, forecasting as applied in a project environment and how they are applied to accounting/reporting requirements
 Organize and administer physical inventory taking to ensure accuracy of stock records & provide vital data for the control of inventory levels and movements.
 Build and maintain relationships with tax/legal advisors and government bodies.
Selected Achievement
- Restructured the organization chart and increase the team efficiency.
- Reviewed and redraw the work flow and authorization matrix.
- Updated Oracle ERP from version 12.1 to version 12.2.4 with full reimplementation of solutions.
- Improved the Financial Reporting & analysis Submission date from 8th of the month to be 4th of every month.
- Cleaned Accounts Receivables Aging.
- Developed the company cash situation during 2014.
- Updated all Customers and Vendors Data base.
- Implemented and monitor COSO Framework and ensured that all groups’ internal controls are active.
- Got accurate data and register for Assets and inventory (physical inventory).

Xerox Is a multinational organization; its offices spread all over the world, their core business in printing solutions and offer the market different types of printing machines, services and technology.
Selected Achievement
- Promoted From Financial controller to be Sr. Financial Controller after six months joining Xerox in 2011.
- Selected as the Best Financial Controller in Xerox MEA in 2012 - 2013.
- Selected by Xerox GM to be the core user of SAP ERP project in all Phases.
- Reduced the trade Receivables 50% in 2012 In Xerox.
- Reduced the DSO from 120 Days to be 60 days in 2012 in Xerox.
- Designed Credit Control Training System (Be a professional tool in Credit Control).
- Improved the Financial Reporting & analysis Submission date from 15th of the month to be 5th of every month.
- Met deadline of going live for SAP ERP Project and achieved the milestones of quality as project manager.

Jeddah Cables Is one of the most important industrial organizations in the Middle East. Produce and offer huge variety of electric wire, cables and Copper rods. Their market shares qualify it to be one of the best organizations in that business.
• My role was to manage Finance, internal Audit, treasury, reporting and controls in all Middle East subsidiaries (Saudi Arabia, Qatar, UAE, Jordan, Kuwait, Oman, Iraq and Bahrain).
Selected Achievement
- Mapped the chart of Accounts to cover all Countries and facilitate the consolidation process.
- Managed ERP Project (AX Dynamics) & met the deadline of going live.
- Selected by the top management to be Committee Head for Physical inventory and Assets Control.
- Achieved the cost reduction target in 2009 & 2010.
- Selected by CEO to be the Risk controller for the entire Group.
- Reduced the overdue Receivables from 45% of all receivables to be 9% in 2010.
- Develop the cash situation by depending on collection improvements and

Hodaithy Group Is one of biggest companies in Saudi Market. Their core business in Medicine and cosmetics .
(FEVADOL - HISTOP - Chicco - Artsana - S’nonas - Arco - Personna)
• My role was to manage Accountants and Accounting department daily and monthly activities.

KPMG is one of the big four Firms for Audit
• My role was to specialize in banks & hotels audit engagements.