Usama El Nakib

DUTIES The main task is: Reporting to the managing director; handling financial activities totaling 500 millions EGP; besides the following activities: -
1-Manage the financial and accounting functions of the company.
2-Organize; direct and oversee the department activities in order to ensure the fulfillment of the department function and responsibilities.
3-Negotiate banks; Mange all accounts at the related banks; and mange the local and foreign loans.
4-Manage company’s cash flow; accounts payables; accounts receivable; investments and expenses to ensure supporting operating activities.
5-Issuing of the company balance sheet and the financial reports.
6-Issue periodic management reports on finance and accounting matters.
7-Managing the financial relations with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Holding Company for Natural Gas (EGAS).
8-Managing customers’ meter reading, billing, and collections in coordination with Clint Service Division and Operation & Maintenance Department.
9-Supervising the financial teams in different sites as; Belbies, Abu Hammad, 10th of Ramadan, Zagazig and the Head Quarter in Cairo.
10- Preparing the financial forecast and analyses related to feasibility studies for new projects.
11-Reviewing the financial activities with the contractors and the suppliers.
12- Mange taxes and social insurance.
13- Handling customer clearance of imported materials.
14- Handling cost accounting and Inventory.
15- Design the financial internal auditing systems for the financial departments at all sites.
16- Make plans of training and development for the department personnel and oversee their implementation.
17- Hold department coordination meetings.

Finance:
1. Establish and follow up all the necessary processes and procedures to assure proper application of financial activities.
2. Establish and maintain good communication channels with various banks and financial institutions, in order to allocate most lucrative source of funds.
3. Applying ABB Accounting & Reporting Guidelines and Group Directives/Instructions and make sure that it is followed in all company’s activities.
4. Assure cost control for the company‘s projects related to the respective budget and planning.
5. Present and follow up the company’s financial statements including Balance Sheet, Income Statement and Cash Flow Statement.
6. Reporting company‘s activities and result to ABB using ABACUS reporting system:
- Monthly reporting
- Quarterly reporting
- Year end reporting
7. Influence all financial and accounting transactions to assure proper allocation of company’s expenses and revenues.
8. Authorize payments and receipts of due amounts to suppliers and from customers.
9. Strength and improve collection process through developing and maintaining comprehensive collection procedure in order to reduce the outstanding days of account receivables.

Administration:
• Contact appropriate authorities regarding communication and projects’ social insurance
• Supervise & follow up general services such as traveling, guest services, assets maintenance, transportation and company’s insurance and medical policies.
• Ensure full conformance of the company’s departments requirements.