Sayed Ghanam, Country Finance Manager

Sayed Ghanam

Country Finance Manager

Hanco Limited

Location
Saudi Arabia - Jeddah
Education
Diploma, Accounting and Management
Experience
14 years, 4 Months

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Work Experience

Total years of experience :14 years, 4 Months

Country Finance Manager at Hanco Limited
  • Saudi Arabia - Jeddah
  • August 2008 to October 2012

Hanco Limited
Country Finance Manager Aug 08 to Present


I joined as senior position in Hanco which considered one of the largest grounds Transportation Solutions &
Logistics Provider in MENA region Supervise 11 accountants and oversee financial analysis, financial audits,
G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards. Develop and manage external
financial relationships (e.g., banks, insurers, auditors) and constantly look for ways to strengthen overall
financial performance. Then I have been promoted to the position of National finance manager as assistant of
GMF to oversee all financial matters for kingdom

Key results: • Built a finely tuned accounting department, fostering a collaborative environment that improved productivity, individual
accountability and team morale.
• Revamped G/L, financial systems, reports and schedules to improve forecast precision and standardize reporting
procedures.
• Play essential role with banks for applying long term facility with competitive rate.
• Assisting of implementing Oracle data base and data migration between current and new system.
• Mapping all new locations in KSA, Qatar and Dubai between front and back systems engine.



• Controlling all payments through AP department and fixed asset department to ensure sufficient of fund.
• Provide on monthly basis the board back (In-House) FS with all details required.
• Providing Weekly and Monthly Direct cash flow with all in and out cash flow projection.
• Generate Daily revenue report comparing with target figures and KPI of the business.
• Member of ERP committee for developing, mapping and installing the new oracle system.
• Direct reporting to GMF for normal duties and to MD for banks and loan facilities.
• Responsible for preparing Board of director's financial reports. Comparing with industry and business benchmark

Corporate Accounting Manager and Financial Analyst at Magrabi group
  • Egypt - Cairo
  • January 2003 to January 2008

Magrabi group
Corporate Accounting Manager and Financial Analyst 2003-2008


Promoted from senior accountant position to direct accounting functions and higher position through one year from joining in Magrabi which Providing quality Eye medical services through a group of hospitals & centers
spreads in Gulf and Egypt Supervise 8 accountants and oversee financial analysis, budgeting planner and monthly, annually financial and management reports.

Key results: • Achieved budget figures year by year, promoted figures from 53 Million to 130 Million through 4 years.
• Completed comprehensive valuation analysis and KPI figures for Magrabi group Egypt and Yemen.
• Play essential role in the due diligence with PWH which was crucial to successful obtain loan from IFC with more than
$200M
• Play essential role of Yemen and Egypt branches feasibility study, market research and budget which Actual figures
completely achieve forecasted amounts.
• Completed all financial categories of AR system to matches with actual contracts which reduce our AR days on hand and accelerate AR turn over.



• Analyzing KPIs and trends which include establishing financial benchmarks of acceptable performance as well as comparison of actual results to budget thus initiating corrective actions.
• Reviewing and devising monthly / yearly financial and income statements, balance sheets, internal audit, cash flow
projections and quarterly principal profit & loss to reduce cost as well as ensure budgetary compliance.
• Designing budget, guidelines to optimize company's cash flows, managing investments and working capital
requirements. Advising higher management on optimal utilization of financial structures within the company and proposing financial strategies with emphasis on contractual obligations, financial management, systems and
procedures to maximize profit and control cost.

Chief Accountant at Little Caesar's
  • Egypt - Cairo
  • January 2001 to January 2003

Little Caesar's
Chief Accountant 2001 - 2003
Promoted from accountant position to chief accountant through one year from joining to cover resign of the same position in the company, Little Caesar's Multinational Company has almost 3500 branches around the
world.
Key results: • Preparing the documents with taxes consultant which aid for reconcile the taxes situation (salaries - sales - stamp) for 3 years without significant penalties
. Play essential role of opening three branches in Cairo and Alexandria with investment more than100 mil.

• Preparing monthly and annually financial reports velocity sheet and royalties recompilation and send on regular basis to USA
• Reviewing and devising monthly / yearly financial and income statements, balance sheets, internal audit, cash flow
projections and quarterly principal profit & loss to reduce cost as well as ensure budgetary compliance.
• Responsible for all financial matter and controlling issues through the company and location in Egypt
• Direct reporting to CEO in Egypt and Admin Dept of franchisee in USA

Financial Accountant at Prime holding group
  • Egypt - Cairo
  • January 1998 to January 2001

Prime holding group
Financial Accountant 1998 - 2001


Joined prime as accountant, prime is one of the top ranked company in Egypt of fields of securities and asset
management
Key results: • Play essential role of underwriting Orascom Telecom and Telecom Egypt in stock market with more than 2 Billion
pound Prime was one the consortium of these stocks in Egypt stock market.

• Handling all financial accounting, recording, reporting and cash control
• Preparing bank reconciliation for more than 26 accounts in different banks and currencies
• Examining collection on daily basis to be sure that our position in bank is positive before operation on next day, issue
reports to determine status and recommend changes in current collection practices and policies accordingly, and report
status to top management and assign problem accounts to concerned section.


Projects &

Education

Diploma, Accounting and Management
  • at ACCA
  • May 2011

Certified Acoounting Technician CAT - ACCA considered one of the best certificates in accounting and management feild

Master's degree, Finance
  • at Belford - Coloumbia University
  • May 2010

has MBA in finance with destinctive skills certificate in finance project

Bachelor's degree, Accounting
  • at Ain Shames University
  • June 1997

Ain Shames University - Cairo- June- 1997- Accumulated Grade (Good)

Specialties & Skills

Financial Accounting
Strategic Financial Planning
Internal Audit
ACCOUNTANT
ACCOUNTING
BALANCE SHEETS
FINANCIAL ANALYSIS
FINANCIAL REPORTS
INTERNAL AUDIT

Languages

English
Expert

Memberships

of ERP committee for developing, mapping and installing the new oracle system
  • Member
Belford - Cloumbia University
  • Alumni - MBA Finance
  • December 2008
ACCA
  • CAT- ACCA
  • May 2011

Training and Certifications

MBA - Finance (Certificate)
Date Attended:
February 2007
Valid Until:
December 2008
Certified Accounting Technician CAT (Certificate)
Date Attended:
March 2009
Valid Until:
May 2011