Ramy Salama

•Key Objectives :-
- Maintain a documented system of accounting policies and procedures.
- Manage outsourced functions.
- Oversee the operations of the treasury, including the design of an organizational structure adequate for achieving the Efficiency
- Forecast cash flow positions, related borrowing needs, and available funds for investment.
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
- Maintain banking relationships.
- Arrange for equity and debt financing.
- Manage the preparation of the company's budget.
- Opex Leader & controller.
- Safeguard company’s assets in line with internal policies and procedures
- Engage in benchmarking studies to establish areas of potential operational improvement.
- Engage in ongoing cost reduction analyses in all areas of the company.
- Interpret the company's financial results to management and recommend improvement activities.
- Participate in target costing activities to create products that meeting predetermined price goals.
- Manage The Year End Audit Process And Related Audited Financials.

•Key Achievements :-

•Created 3 years plan in line with company’s 2018 strategic planning followed with an optimization of the management reporting versus budgets and YTG forecast that enhanced the decision making process across the stakeholders.
•Maintain proper control over company’s cash conversion cycle to assure efficient cash flow management, optimum cost controlling and high return on investment.
•Led a consecutive integrated business planning (IBP) sessions that led to more accurate forecasts through improving the alignment between strategic planning, finance and business and results in a cost reduction of $1.8MM.
•Develop adequate analytical tools for commercial partners that highlights profitability contribution and helps taking decisions regarding the appropriate mix

• Key Objectives :-

- Manage daily operations of the accounting and finance department ending with monthly financial closing and preparation of company financials
- Manage the All finance department’s sections :-
- Local and foreign payables including CAD or direct transfers
- Inventory costing and stock control including periodical physical counts
- Receivables including aging and collection reports
- Treasury & banking including the utilization of both Islamic and conventional fund/non fund based facility lines
- Yearend audit and issuing both standalone and consolidated financials.

Key Achievements :-

- Enhance the accuracy of reported financials
- Improve the GL structure to provide more detailed reporting analysis

Accounts Receivable

Preparing & recording all A/R’s transactions.
Review new contracts (procedures& Conditions)
Run all due invoices in accordance with due date of billing system. Calculate and record accrued income into system.
Revenue recognitions and review Revenues by sites.
Prepare monthly O/S ageing reports.
Monitoring monthly Collections and its turn over. Agree control account of that list to the GL.
Generate all exception reports and settle discrepancies.
Measuring the KPI (Key Performance Indicator).
Reviewing legal assessments for pending claims outcome.
Check credit memos and other credit terms.
Preparing A/R reports on monthly& quarterly basis.
Monthly closing of account receivables.

•Accounts Payable

Monitored payments are well under budget set for the entity.
Reviewing the payment forecast on monthly basis.
Accurate and timely reconciliation of general ledger accounts.
Management of entire payroll system by effectively reviewing and updating
Review all suppliers regular contracts are accounted & accrued.
Checking all received and issued vouchers.
Match such list to the SL and GL of AP and reconcile variances
Prepare ageing analysis for material suppliers balances.
Ensure proper allocation to the related cost centre, dept, company.
Analysis of petty cash & custody.
Controlling the accruals & prepayments.
Analysis of projects expenses and monitoring variance on monthly bases.
Prepare a list for all unbilled or unpaid expenses (accruals).

•Fixed Assets

prepare detailed list for all fixed assets Additions, Disposals
Prepare a status summary for Lost, damaged, or idle items
Identify Pledged assets under any contractual agreement
Ensure that all such movements are completely processed
Mass additions & capitalize CIPs assets
Transfer, change& revaluation of assets under IAS
Run depreciation for all FA categories since usage date