طارق طنطاوي

Key Achievements:
- Enhanced costing methodology with including EGP 50 Mil, which was previously hidden expenses, which
affected our selling strategies to increase revenue.
- Implemented JD Edwards ERP system.
- Rebuilt the finance function, implemented formal budgeting, forecasting, and reporting systems to measure
and communicate performance results efficiently to the top management.
Responsibilities:
- Developed proper budgeting and costing systems, which enhanced performance.
- Managed all accounting functions including general ledger, accounts receivables/payables, bank
reconciliation, fixed asset, petty cash, and finance reporting
- Managed and developed a team of finance staff, ensuring the accuracy of their work, the achievement of
deadlines and the quality of their work environment.
- Monitoring financial performance and development of reporting systems and controls.
- Set strategies to develop all financial objectives, budgets, and forecasts designing & implementing systems,
policies & procedures to ensure financial control

Key Achievements:
• Added significant value to contracts variation orders by assessing key calculation scenarios and consistently using the ones with the highest value - variation orders reached up to 60% additional to contract value
• Negotiated and finalised the employee medical insurance deal to give a year-on-year decrease of QR 1 mil - this task historically has been for the HR and administration teams
Responsibilities:
• Additional role working as CFO for a multiple joint venture projects with construction costs above QR10 Billion, and managing the projects financial controls for ECG Projects
• Developed ERP Oracle system by using HQ financial model to accommodate growth generated by Qatar Branch tripling in size
• Trained and coached all employees to respond proactively to growth and meet increased demand
• Set strategies to develop all financial objectives, budgets and forecasts designing & implementing systems, policies & procedures to ensure financial control
• Drew up reports for senior managers, summarizing the business income, expenses, capital usage and cash flows
• Opened large credit facility lines with renowned banks to ensure ready cash flow, to enable branch-based lines of credit and bonds’ issue
• Worked with headquarters’ financial department to coordinate fiscal control and consolidate financial statements
• Ensured full compliance with internal and legal control procedures
• Managed all accounting functions including general ledger, accounts receivables / payables, bank reconciliation, fixed asset, petty cash and finance reporting
• Developed projects financial controls through enhancing reports, analysing projects performance, communicate with project managers any expected variances and agree on the required changes to enhance profits.

Key Achievements:
• Increased number of directly traded tier one clients by securing the best trading prices with virtually zero errors - this directly added value by providing market insight and giving optimised and tailored investment recommendations
Responsibilities:
• Pivotal to the biggest revenue-generating foreign sales trading desk, with USD5 million monthly revenues
• Trading LE7 Billion equities monthly, controlled most tier one clients on the foreign sales trading, local institutional and GCC desks
• Worked to streamline the business by automating multiple previously time and resource heavy tasks
• Analysed previous clients’ performance to revise guidelines to retain them and increase their business

Key Achievements:
• Increased net income by 14%, adding circa USD 2 mil, by reducing repetitive volumes of work
• Analysed data and developed awareness of significant repetition; plan to resolve involved: making site visits which established there were no proper controls on pipes used to transfer dynamite 3 meters’ underground - planned and managed replacement of pipes’ supplier and perfected testing
Responsibilities:
• Working within very tight reporting timeframes, managed all financial areas
• Analysed the financial results, actual vs. forecast, and reported them to the area management
• Managed a range of fiscal projects including developing the reporting processes
• Month-end: ensured review was always available by the 2nd of the month, comparative, that variances reported to ensure proper cost allocation and that variances were highlighted for senior management, prompting investigation
• Ensured all transactions were monitored, controlled, and posted to the general ledger on time
• Prepared monthly balance sheet notes and associated reconciliations / supports

• ECHEM was established in 2002, the company had an investment plan of USD $20 Bln in petrochemicals projects, Joining the company in its early stages gave me the opportunity to play a vital role as we were building the systems from scratch and study projects worth billions of dollars.
• Prepared budgets and follow-up actual expenses.
• Analyzed financial performance of affiliated companies.
•Audited before payment and following-up accounts payable.
•Prepared cost reports and cost analysis.
•Acted as the focal point of the financial division through preparing & updating the company’s website.
•Acted as a focal point through implementing ERP system (Enterprise Resources Planning).
•Evaluating the financial models of projects.
•Preparing preliminary financial models for new projects.
•Projecting cash flows of the company
•Offering the best financing scenarios for the projects under study