Financial Manager
SABA Medical Company (Saba Polyclinics and Pharmacies)
Total des années d'expérience :29 years, 3 Mois
In the field of operating Polyclinics& Pharmacies
Responsibilities:
- Lead the ERP implementation project which include GL, sales & AR, purchasing & AP, Cash & Banks, inventory and fixed assets modules.
- Analyze, prepare & discuss a wide spectrum of financial and non-financial data in order to foster the board and CEO decision making and strategic planning.
- Supervise & evaluate the overall performance of the finance team and apply the necessary actions when needed (Recruiting, coaching, training…etc)
- Develop and analyze many custom reports concerning the company activity such as: - polyclinic, clinic, Doctor, patient, and pharmacy costs, capacity, sales mix, inventory, marketing costs, general & administrative expenses and total activities reports.
- Develop and perform financial Planning in accordance with the company’s strategic vision, mission and objectives then periodically review, evaluate and apply the necessary improvement when needed.
- Directing financial management functions including developing monthly / quarterly / annually financial statements, forecasts, budgets, cash flow planes and feasibility studies if needed and interacting with the board, CEO and executive committee concerning those matters.
- Ensuring that strong financial controls and procedures are installed and substantiating documentation is approved and available such that all records may pass independent and governmental audits.
- Day to day Control on Revenue, expenditures, invoicing and collection to ensure timely payments to Suppliers
- Establish and maintain good relationships with any third party such as suppliers, banks and auditors and provide assistance when needed
- Enforce cost reduction procedures in all the company activities after the necessary analysis.
- Offer professional advice from the financial perspective on any contracts into which the company may enter
Significant Achievements:
- Significant contributor to the increase in net profits from less than SR 350, 000 to more than SR 4 million.
- Increase the Executive Committee awareness with the importance of long-term strategic planning and follow-up the implementation of those plans with short-term plans and annual budgets.
In the field of constructing and selling touristic village and operating a hotel
Responsibilities:
- Develop and analyze many custom reports concerning the company activity such as: - hotel occupancy, operation costs, inventory, and guest’s number also concerning construction phases, costs, pricing, sales, marketing costs and general & administrative expenses.
- Directing financial management functions including developing quarterly / annually financial statements, budgets, and cash flow planes and interacting with CEO concerning those matters.
- Ensuring that strong financial controls and procedures are installed and substantiating documentation is approved and available such that all records may pass independent and governmental audits.
- Day to day Control on Revenue, expenditures, invoicing and collection to ensure timely payments to Suppliers
- Enforce cost reduction procedures in all the company activities after the necessary analysis.
- Establish and maintain good relationships with any third party such as clients, suppliers, banks, tax authorities, Social Insurance office, Labor office, and auditors and provide assistance when needed
- Address and resolve banking, governmental and taxation problems
- Managing all matters pertaining to any applicable taxation
- Provide technical financial advice and knowledge to others within the financial discipline
Significant Achievements:
- Significant contributor in transforming the company's continuous losses for thirteen years into continuous profits during my work period for five years.
In the field of constructing and selling touristic village and operating a hotel also trading and maintenance of manufacturing equipment.
Responsibilities:
- Supervise & evaluate the overall performance of the finance team and apply the necessary actions when needed (Recruiting, coaching, training…etc)
- Develop and analyze many custom reports concerning the company activity such as: - hotel occupancy, operation costs, inventory, and guest’s number also concerning construction phases, costs, pricing, sales, and marketing costs in addition to other reports concerning Spare parts, inventory, shipments, sales, customers services, maintenance revenue and costs, maintenance contracts, and general & administrative expenses.
- Interpreting financial information and data.
- Directing financial management functions including developing quarterly / annually financial statements, budgets, and cash flow planes and interacting with CEO concerning those matters.
- Ensuring that strong financial controls and procedures are installed and substantiating documentation is approved and available such that all records may pass independent and governmental audits.
- Day to day Control on Revenue, expenditures, invoicing and collection to ensure timely payments to Suppliers
- Enforce cost reduction procedures in all the company activities after the necessary analysis.
- Establish and maintain good relationships with any third party such as clients, suppliers, banks, tax authorities, Social Insurance office, Labor office, and auditors and provide assistance when needed
- Offer professional advice from the financial perspective on any contracts into which the company may enter
- Address and resolve banking, governmental and taxation problems
- Managing all matters pertaining to any applicable taxation
Significant Achievements:
- Decrease direct and indirect costs with different percentages, some of which reach more than 50% in Hotel expenses.
- Decrease the fiscal burden of taxes to less than 1% of the total of the incomes; such percentage reaches 10% in companies with similar activity.
In the field of establishing and operating restaurants.
Responsibilities:
- Develop and execute 2 project for establishing 2 restaurants managing the related processes such as project charter, planning, scooping, risks, team building, communicating, time tables, executing, reporting, monitoring and controlling, opening.
- Interpreting financial information and data.
- Supervise & evaluate the overall performance of the finance team and apply the necessary actions when needed (Recruiting, coaching, training…etc)
- Develop and analyze many custom reports concerning the company activity such as: - number of covers, operation costs, inventory, pricing, marketing expenses, revenues, establishing phases costs, and general & administrative expenses
- Directing financial management functions including developing quarterly / annually financial statements, budgets, and cash flow planes and interacting with CEO concerning those matters.
- Establish and maintain good relationships with any third party such as clients, suppliers, banks, tax authorities, Social Insurance office, Labor office, and auditors and provide assistance when needed
Significant Achievements:
- Prepare a feasibility study to establish seven new branches, actual execution of two branches therefore, provide necessary bank financing and subsequently, preparing credit files.
In the field of manufacturing medical surgical sutures
Responsibilities:
- Carrying out study of production cost at varies production capacity for the Companies’ Products (120 product) & Setting up varies prices for each level of capacity to endorse company’s bids in the governmental tenders.
- Preparing the company’s bids in the governmental tenders acquiring most of them.
- Interpreting financial information and data.
- Supervise & evaluate the overall performance of the finance team and apply the necessary actions when needed (Recruiting, coaching, training…etc)
- Develop and analyze many custom reports concerning the company activity such as: - production costs, labor working hours, row material consumption, electricity usage, maintenance costs, inventory, sales, other operating expenses, and general & administrative expenses
- Directing financial management functions including developing quarterly / annually financial statements, budgets, and cash flow planes and interacting with CEO concerning those matters.
- Ensuring that strong financial controls and procedures are installed and substantiating documentation is approved and available such that all records may pass independent and governmental audits.
- Enforce cost reduction procedures in all the company activities after the necessary analysis.
- Establish and maintain good relationships with any third party such as clients, suppliers, banks, tax authorities, Social Insurance office, Labor office, and auditors and provide assistance when needed
- Offer professional advice from the financial perspective on any contracts into which the company may enter
- Managing all matters pertaining to any applicable taxation
Responsibilities:
- Proposes and review the audit plan with the engagement partner.
- Identifying all anticipated risks within every industry and designing audit program accordingly.
- Explain and clarify objectives and approaches of every task and distribute workload properly between the audit team, considering the nature of functions and their individual professional capabilities.
- Supervising audit teams and offering help when needed.
- Reviewing working papers and critical areas of the audit.
- Drafting the Auditors Reports after the engagement partner approval.
Significant Achievements:
- Lead the audit teamwork of The National Bank of Egypt, as well as five other banks, Arab Organization for Industrialization (AOI), Sumed - Arab Petroleum Pipeline Co, in addition to many industrial and real estate, investment and poultry companies.
- Test, appoint and train the staff of the financial department in the Saudi Egyptian Group Companies, owner of hotel Cairo Meridian - hotel Hyatt Regency now - and hotel Hurghada Sheraton .
- The reassessment of some partnership companies and merge them to Joint Stock Company.
- Represent clients before different taxation authorities and committees
- Accounting and book keeping
- Audit
Accounting Cost accounting Accounting in the governmental sector Accounting for non-profit institutions Operations Research Marketing Human Resources Business Administration Statistics Law Computer Science Public Finance Development Economy
