Finance and Administration Director
1- Trimtex Egypt –Preshrunk Elastic MFG & Trading (S.A.E)
Total years of experience :27 years, 7 Months
Finance:
•Overseeing the monthly reporting for one manufacturing branch and one trading branch.
•Prepare my own modules which contain all the forecasts and plan process with full details of (Sales, Stocks, Inventory, provisions, B.S, cost control and P&L expenditures with cost center connected to all departments and activities in addition to bridge statements for measuring variances)
•Implement new (Tally ERP Golden) system for the two entities 1st time.
•Overseeing the costing, Treasury, payable, Taxation and G/L functions.
•Handling the company reporting channels in terms of profitability.
•Reviewing the pricing models for all the company products.
•Initiating & Managing Cost reduction plans.
•Preparing feasibility studies for any capital expenditure.
•Overseeing overall company performance in terms of liquidity, profitability and working capital adequacy and giving financial advice where needed.
•Establishing needed policies & Procedures (Incentive schemes/yearly bonus targets/Cost reductions projects).
•Organize all financial statements with the external auditors specially the material issue.
•Reviewing and authorizing the final payroll sheets.
•Execute Forecasts and plan instructions for short term targets and budgets for long term targets.
Admin:
•Maintains workflow by studying methods, implementing cost reduction and developing reporting procedures in various departments.
•Monitoring and finalizing the grading scheme with Chairman for different departments.
•Helps in resolving admin problems in all departments.
•Interacting with department’s staff for contributing to team efforts.
•Helps in drawing the rewards schemes for various employees in different grades.
•Provides supplies by studying needs for reception, mail room, kitchen, security and other departments.
•Establish H&S (Health and safety) systems, procedures and recommendations.
•Manage the main financial operations under the umbrella of Le Mirage ( Three hotels with full financial systems - Le Mirage Beach Hotel Bay Front, Le Mirage Moon Resort, Le Mirage Land Mark, Two operation under constructions)
•Leading now three finance mangers along with full finance teams.
•Consolidate the financial statements for all operations to get the final results of Le Mirage.
•Establishing the accounting policy built in GAAP standards
•Define the risk sources depend on the internal control policies.
•Following up with our external auditors and tax experts (Kreston International)
•Preparing feasibility studies for any future operations expected to be added for Le Mirage activities.
•Preparing plan for every separate project and consolidate them in one plan module with full analysis of the variances especially from the cost centers’ view.
II.I.Coats PLC UK (Based in Egypt).
April 2009-April 2012 FINANCE AND ADMIN MANAGER
-Finance:
•Overseeing the monthly group reporting for two manufacturing branches and one trading branch.
•Prepare my own modules which contain all the forecasts and plan process with full details of (Sales, Stocks, Inventory, provisions, B.S, cost control and P&L expenditures with cost center connected to all departments and activities in addition to bridge statements for measuring variances)
•Overseeing the costing, Treasury, payable, Taxation and G/L functions.
•Handling the company reporting channels in terms of profitability and sensitive issues.
•Reviewing the pricing models for all the company products.
•Initiating & Managing Cost reduction plans.
•Preparing feasibility studies for any capital expenditure up to $1million and above (Machinery/Boilers).
•Overseeing overall company performance in terms of liquidity, profitability and working capital adequacy and giving financial advices where needed.
•Establishing needed policies & Procedures (Incentive schemes / yearly bonus targets/Cost reductions projects).
•Organize all financial statements with the external auditors specially the material issue.
•Reviewing and authorizing the final payroll sheets.
•Execute Forecasts and plan instructions for short term targets and budgets for long term targets with following up GROUP CFO and CEO recommendations.
-Admin:
•Maintains workflow by studying methods, implementing cost reduction and developing reporting procedures in various departments.
•Monitoring and finalizing the grading scheme with Head Office for different departments.
•Helps in resolving admin problems in all departments.
•Interacting with departments staff for contributing to team efforts.
•Helps in drawing the rewards schemes for various employees in different grades.
•Provides supplies by studying needs for reception, mailroom, kitchen, security and other departments.
Jan 2007 - March 2009 ASSISTANT MANAGER - FINANCE & ADMIN
-Finance:
•In Charge of Reporting, Planning & Budgeting for the same three branches.
•Assist the country finance manager in all the activities related to the Finance department.
•Oversee the recording in the G/L, monthly closing & preparation of reconciliation
•Handle Corporate & Internal Auditor issues.
•Oversee the reporting, analysis and budgeting functions.
•Establish payroll modules and calculations for admin staff to work with.
•Liaising with the External Auditor.
•Managing the company cash flow, banking relations & company credit facilities.
•Support & Co-ordinate with other Business Units related financial matters.
-Admin:
•Identifying all schemes for staff in different grades.
•Establishing internal work systems and work schedules.
•Coordinating all preparations for workshops, training courses if needed for any staff member with departmental heads.
Jan 2004 - Dec 2006 - Chief ACCOUNTING
• Supervising all accounting team.
• Following up the Aged wise debtors (Credit Management)
• Accountants evaluations for increases and promotions.
• Finalize the Trail Balance for Coats Egypt & Coats Israel & Coats Egypt Trading (Monthly)
• Doing the P&L For the Company of Coats Egypt & Coats Israel & Coats Egypt Trading (Monthly)
• Doing The Balance Sheets For Both Coats Egypt & Coats Israel & Coats Egypt Trading (Monthly)
• Group Company Confirmations between 72 branches of Coats Group half yearly.
• Finalize the closing journal vouchers every month.
• CAPEX additions and deductions plus depreciation calculations
• Authorize for All expenses of overhead.
PAYABLE ACCOUNTANT (From 01/2000 Till 12/2003)
• Cash receipts / payments and preparation of necessary vouchers
• Maintenance and daily reconciliation of cash book
• Payment of suppliers bills as per payment terms, preparation of cheques or • Advising banks for transfers, preparing vouchers Etc.
• Calculation / payment of salaries
• Verification of bank charges and interest and accounting them
• Maintaining bank book and preparing monthly bank reconciliation
• Opening of L/Cs and following up for receipt of necessary documentation for clearing goods
RECEIVABLE ACCOUNTANT (From 9/1997 till 12/2000)
• Customer invoices and posted it to the financial package (Solomon software)
• Care about the monthly bases sales taxes form, following up the taxes balances and
Caring about the with-holding taxes form every quarter.
• Maintenance the customers statements every month and following up the
Confirmations for their balances monthly bases.
• Issuing the credit, debit notes & monthly actual return.
• Calculation the cash discount & trade discount and issues their notes
• Following sales collection from (cash & cheques & bills) and caring with the pounced cheques / bills to be sure from collected them.
• Calculation of the salespersons commission wise sales, collections
• Preparing management reports for sales & marketing.
II. II HILTON Group - KATAMIYA HEIGHTS.
June 2006 - Feb 1999 - SENIOR RECEIVING & STORES ACCOUNTANT
• Creating food & beverage stores sheets.
• The circle of purchasing, receiving (supplier contact, purchase order, receiving the goods, add it to the stores)
• Control for the store cards from adding, issuing the quantities.
• Monthly food &beverage control &coast control.
• Monthly inventory for food stocks, beverage stocks, bars inventory.
Dec 1995 - June 1996 - HILTON NILE CRUSES (LUXOR & ASWAN)
Accounting SUPERVISOR
• Issuing the guest cheques, indicate them to the cheque list
• Food & beverage stores, receiving the goods, inventory for food stores, beverage stores, and bars stocks.
• Payable for all the suppliers & care with cash book & cash inventory
• Preparing salary sheets for all of the staff & journal entry vouchers.
• Preparing the transcript & breakdown (special paper work for the cruse)
I. Education • Bachelor in Accounting, Cairo University - May 1995.