Finance Manager
Pharma Trade
Total years of experience :33 years, 3 Months
-A group of two legal entities, Philo Pharm, the factory specialized in detergent, cosmetics
And Pharmaceutical products. Pharma Trade, the trading arm of Philo in the Egyptian and
Export market.
-I implemented a complete new set of corporate governance, policies and procedures which lead to +15% decrease in expenses.
-Implemented the ERP with all related modules including CRM which lead to an increase in the sales.
- Contribute to the development of the company strategy across all areas of the business
-Previously known as Zaki El Sewedy Group, the group has been leader in the electrical power and lighting products retail and distribution market since 1938 and started moving into manufacturing since 2006.
-In early 2013 I was one of team who lead a major corporate transformation and implementation of corporate governance for the group, reorganizing the Finance team after the merger of the group into one company with the brand El Sewedy Electrical Solutions.
-Restructured the Finance Department into Accounting, treasury, budgeting, costing. The restructure included the addition of the IT department in my responsibilities.
-Implemented a complete new set of corporate governance policies and procedures, authority matrix and a state of the art ERP and collaboration system.
-Building the lines of business, project construction activity, defining the manufacturing lines to process and discrete, cost centers, keys of allocation of administrative cost over the lines of business, profit and loss statement for the business lines and type as distribution, business sector, direct retail or project construction.
-Was in the team who safely steered the company through the most difficult period of its history, through the severe economical recession and political turbulence that engulfed Egypt following the 2011 uprising.
-Before opening the affiliate in Egypt, preparation of all legal and financial requirements according to company’s policy and Egyptian regulation.
-Ensured the smooth legal and financial kick off of the affiliate in Egypt with implementation of the policy and procedures used in the head quarter.
-With the general manager, preparing and introducing a complete new business model for selling seeds in the Egyptian market, including appointing the distributors and issuing their contracts.
-Closing safely after settlement of all liabilities and dues after 2011 events.
-Ensured a safe merger with the two sister companies of Alcon, Thilo and Cusi into Alcon Pharmaceuticals (+ 250 employees) .
-Creating the price structure of our products imported and locally manufactured
Controlling the standard cost of the local manufactories’, and following the collections
From the distributors in order to minimizing foreign exchange losses.
-Preparation of the budget plan, then following the operating and capital expenditures Timely sent the required reports to the head quarters, monthly cash flow
sales and expenses forecast, monthly foreign exchange loss, for the whole area (12 countries) .
- Preparation of the policies and procedures such car policy, telecommunication policy,
travel policy, as well the whole accounting cycle.
-Setting a clear recruitment procedures, with a development plan for each position
which is implemented on time.
-Joined Rhone Poulenc Rorer on 1995 as Accounting Manager of the scientific office
on 1997 promoted to Financial Manager of the new RPR trading company, with the
merger of RPR and Hoechst, I was nominated as Treasury Manager of Aventis.
-Negotiating with 13 banks, overdraft facilities, FX deals, swap, forward deals and
Cash requirements in order to cover the company’s requirements.
-Following up the shares and bonds of the company, dividends preparation
bond’s calculation at maturity, covering any information required from the
shareholders.
-Negotiating with the head quarters the cash flow situation and ways to get any
required in-flows with the best cost.
-Implementation of the Treasury modules, such cash flow, payables aging,
receivables aging on the SAP.
It was the career beginning, my experience was in auditing legal books, accounting cycles and due diligence services to numerous multinational firms.
My responsibilities included assessment of internal control structure system
evaluations, preparation of audit reports and financial statements.
Clients Audited includes:
-GEC Alstom (underground metro project)
-Geoservice (petroleum service company)
-Merck sharp & dhome (pharmaceutical )
- Wellcome foundation (pharmaceutical)
Am graduated from Jesuit school in 1986,achieved my Bachelor in Accounting and Finance in 1990,then my CA (Chartered Accountant & Auditor) 1995.