reda ameen, CFO

reda ameen

CFO

Ceaser

Location
Kuwait - Al Kuwait
Education
Bachelor's degree, Department of Accountancy
Experience
19 years, 4 Months

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Work Experience

Total years of experience :19 years, 4 Months

CFO at Ceaser
  • Kuwait - Al Farawaniyah
  • My current job since December 2017
Financial Manager at Add Effect Group.
  • Kuwait - Al Kuwait
  • August 2013 to December 2017

Establishing & operating new projects and companies and Setup banking Cash and Non Cash facilities - letters of guarantee and letters of Credit - Design the structure - job description and functions - Design Policies and Procedures Manual - Design cycle documentary -Preparing periodically reports to senior management.

The following are some of these projects:

-Outdoor Advertising Projects (Kuwait International Airport Billboard - High Ways Billboard - Hawally Government Billboard- Farwania Government Billboard - Gahra Government Billboard - printing press)

- Clinic Projects (Dental clinic Easy Dental - Derma Clinic Ever Young - Leady Power Gem Co)

- Retail Projects (Electricity materials store- Building materials store- Coffee store)
-Marketing Projects (Marvel Real State Marketing Co - Aroma for Exhibitions Co)


I. Budgeting & Financial Planning
o Assist management in the formulation of its overall strategic direction
o Study the strategic Objectives for the group's companies and required steps to achieve these objectives.
o Review the current situation for each company and the required steps to reach to the strategic objectives.
o Prepare the Financial Plan (Projected Financial Statements) and the supplementary information.
II. Financing Activities
o Prepare a feasibility study for future projects and all the required documents with the banks.
o Negotiate with banks to open the required credit facilities. (i.e. opened bank facilities with more than 6 multiple company paid up capital).
o Manage the relationship with the banks and monitor the performance of the companies based on the Feasibility study.
III. Financial Accounting & Book Keeping

o Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
o Advise on investment activities and provide strategies that the company should take.
o Maintain the financial health of the organization.
o Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
o Develop trends and projections for the firm’s finances.
o Conduct reviews and evaluations for cost-reduction opportunities.
o Liase with auditors to ensure appropriate monitoring of company finances is maintained.
o Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.

IV. Achievements
o establishing & operating new project and companies
Outdoor Advertising Total Project More Than 30 Million KD
o Farwania Government Billboard.
o Hawally Government Billboard.
o Gahra Government Billboard.
o High Ways Billboard.
o Kuwait International Airport Billboard.
o printing press.
Clinic:
o Derma clinic - Dental clinic
Store:
o Electricity materials store - Building materials store - Coffee store.

Other Activities

o Dealing with banks in the banking facilities and letters of guarantee
o Design the structure and job description and functions.
o Design cycle documentary.
o Design Policies and Procedures Manual.
o Monitor the implementation of the internal control system.
o Preparing periodically reports to senior management
o Comparison of actual results with budget planning for the company and analyze the Reasons for variation
o Participation in the company's net profit increase

External Auditor at Grant Thornton
  • Egypt - Cairo
  • June 2010 to July 2013

o Reviewing financial statements for all various businesses (Food industrial sector, tourism & Hotels sector, industrial sector, service sector, parenthetical sector, education sector, ).
o Supervise staff for audit engagements using Grant Thornton audit tools Such as Voyager application®.
o Review and approve the planned activities prior to the start of significant fieldwork.
o Schedule other professional staff and maintain liaison with the entity on the timing of the engagement.
Most significant Tasks As Auditor.

Industrial Sector:

- Middle East Tailoring Company .
- Elseweedy for Lamps.
- Egyptians Steel Group -Abo Hashima
- EMAS (Elseweedy)
- Elseweedy Ready Mix
- National Company for Packaging Industrial - .
- Lasheen Blast

Food industrial sector:

- Egypt foods.
- Delicious Inc (Cilantro coffee).
- Delicious Bakery (T.B.S).
- Misr- and Sudan Super Markets.

Hotels sector:

- Pyramisa Hotels Group
- Albatross Hotels - Jungle Park - Hurghada.
- Tropical Hotels -Dahb.-

Gas Sector:

- Suez Gas Company.
- Gas Fill Company.

Parenthetical sector:

- Global Pharmaceutical Industries(GPI).
- Ramco Pharmaceutical- Trading medicines


Tourism sector:

- Guide Tours.
- Ancient royal tours.


Service sector :
- Stryx Sports Barcelona Schools in Egypt.
- Stryx Digital Sports SMS BY Mobinil.

Consulting and business advisory services: -

Not for profit organization: -

- Heliopolis society for the social and Cultural Care of English Speaking Foreigners.
o Cairo American College (CAC).
o Om Habiba association.


Due Diligence Services: -

o Secure Egypt.
o Amino for Motorcycles

Fraud Investigation: -

o I could detect the fraud in the accounting department and I was responsible for following up the documents to determine the person who responsible for this fraud. And also I determined the total amount that has been fraud.

Restructuring: -

- OTRAC for heaving equipment.
- OTRAC for leasing equipment.

Taxation

- Preparation of Tax Returns &Payroll Tax& stamps &withholding tax

- Monitor the progress of the engagement against timetable and budget and keep the engagement partner informed of significant variances.
- Resolve issues with the engagement team member as they arise and discuss them with the engagement partner, as appropriate.
- Prepare and/or supervise the preparation of reports to management.
- Review engagement working papers.

External Auditor at Hisham Labib public accountants -Tiage
  • Egypt - Cairo
  • June 2009 to June 2010

o Review and approve the planned activities prior to the start of significant fieldwork.
o Schedule other professional staff and maintain liaison with the entity on the timing of the engagement.
o Monitor the progress of the engagement against timetable and budget and keep the engagement partner informed of significant variances.
o Resolve issues with the engagement team member as they arise and discuss them with the engagement partner, as appropriate.
o Prepare and/or supervise the preparation of reports to management.
o Review engagement working papers

External Auditor at Tarek Hanafy public accountants
  • Egypt - Cairo
  • January 2005 to June 2009

o Review and approve the planned activities prior to the start of significant fieldwork.
o Schedule other professional staff and maintain liaison with the entity on the timing of the engagement.
o Monitor the progress of the engagement against timetable and budget and keep the engagement partner informed of significant variances.
o Resolve issues with the engagement team member as they arise and discuss them with the engagement partner, as appropriate.
o Prepare and/or supervise the preparation of reports to management.
o Review engagement working papers

Education

Bachelor's degree, Department of Accountancy
  • at Helwan University
  • May 2004

Good

Specialties & Skills

- Financial positions
- Forecast reports
- Budgeting Skills
- Reporting Skills to the management
- Documentation cycle
- Ability to implement and improve internal control
- treasury

Languages

English
Intermediate

Memberships

public accountants
  • public accountants
  • September 2009