Chief Financial Officer (cfo)
MI-national asset management company
Total years of experience :21 years, 10 Months
• Oversee, maintain and approve all financial transactions’ results
• Consolidated financial statement with subordinated entities
• produce feasibility studies for clients expected projects and monitor these feasibility implementation to stand on the variance and financial impact of the variance
• Board of directors’ minutes agenda preparation and review
• Follow overall business for the entities and insure better performance for other subordinated entities
• Enhance and develop internal control policies and procedures
• Cost control and cost center analysis
• Develop and create business plan for budget and cash flow
• Develop and review financial module in all feasibility studies
• Cashflow managements
• Oversees and monitor purchasing process and vendors tenders
• Close all internal and external audit points plus central auditing organization
• Develop and follow-up financial KPI rate (TWC, client profitability, personal cost / Revenue, EBIT rate )
• Budget preparation and business plan estimation with multiple scenarios based on the expected business conditions
• Prepare and reassess the business model
• Oversee the approval and the processing of revenue, expenditure and position control document
• Review all the sources of revenues and expenses to increase the opportunities of revenue recognition and squeeze the expanses as much as possible
• Prepare, review and monthly reassess the budget, cash flow and business plan
• Contracts review (clients and vendors)
• Oversee the purchases procedures and make sure the company get the best deal and any transaction adhere to the regulation and standards
• Review and prepare the monthly analysis, F.S reporting, audit back, T.B, monthly closing and yearly closing plus tax examination
• Follow and control instalment, delivery and maintenance checks and T.D
• Develop accounting system and implement it in all sub entities to make sure the closing consolidated financials adhered to the standards
Highlights:
• Finical Project management
• Implements new accounting system
• Board member in some subordinated entities
• Successfully participate more in than 40 friability studies and many areas ( services - real state - industrial, others )
• Successfully and a big role in accusation and restructure 3 entities
• Close more than 10 tears of tax problems on 3 types of taxes
• Improve the accuracy of accounting recording and meet the reporting deadlines
Key Results Areas:
• Oversee, maintain and approve all financial results transactions
• Enhance and develop Internal control policy and procedures
• Cost control and cost center analysis
• Develop and create business plan for budget and cash flow
• Follow up with engineering department POC and it is effect on cash flow and sales plan
• Secure facility fund to start new projects and manage our cash flow to meet the credit dues
• Develop daily cash position to meet the budget obligations
• Follow and achieve our financial KPI rate ( TWC, client profitability, personal cost / Revenue, EBIT rate )
• Budget preparation and business plan estimate with multiple scenario based on the expected business conditions
• Prepare and reassess the business model
• Oversee the approval and the processing of revenue, expenditure and position control document
• Review all the scours of review and expenses to increase the opportunities of revenue recognition and squeeze the expanses as much as possible
• Enforce new cost scheme and time sheet system in order to be able to calculate the breakeven point and calculate the contrition margin per unit and per meter ( commercial or residential units )
• Prepare and review and monthly reassess the budget and cash flow and business plan
• Review and prepare the monthly analysis, F.S reporting, audit back, T.B, monthly closing and yearly closing plus tax examination
• Follow and control instalment, delivery and maintenance checks and T.D
• Develop accounting system ( Micro Soft Dynamics Great Plan ) and it is integration with operation and sales system
Highlights:
• Project manager for develop accounting system
• Successfully participate to get credit facility to finance new project with 42000 Meter
• Successfully contracted with bank to wave installment done due checks to be save in bank with a good rate
• Improve the accuracy of accounting recording and meet the reporting deadlines
- Over see and approve all financial results
- Directly reporting to the regional and H.O for all the financial results and KPIs
- Follow and achieve our financial KPI rate ( TWC, client profitability, personal cost / Revenue, EBIT rate)
- Review and follow up over dues and collection
- Budget preparation and business plan estimate
- Prepare and reassess the business model
- Restructuring plan calculation and assessment calculation based on the new scenarios and situations
- Oversee the approval and the processing of revenue, expenditure and position control document
- Communicate and review with the tax consultant office to close 10 years of binging issues with tax authorizes from different type of tax and I succeed in doing that
- HFM loading and reporting and close all the points
- Clearing and applying all of our internal audit points in order to be a lined with the worded with policy and procedure and be sure to completely stick to the low, regulation and the company policies
- Review all the scours of review and expenses to deliver our proposals to the regional office in order to enhance our finical results
- Enforce new cost scheme and time sheet system in order to be able to calculate the break-even point and calculate the contrition margin per client or per cost driver
- Follow the legal cases with the lower and report immediately to the H.O about the changes
- Prepare and review and monthly reassess the budget
- Cash flow forecast
- Off balance sheet calculation and assessment
- Review and sign all the checks, payments, vouches and assets forms
- Review and prepare the monthly analysis, F.S reporting, audit back, T.B
- Deferred tax calculation
- Make sure that the F.S is clean without any qualified points
- Enforce and new fixed assets coding system in order to save guard of assets
- Financial statement and trial balance analyses and monthly closing
- Financial statement review with audit
- Accounts payable and receivable analysis with monthly payable and receivable ageing report to monitor the expected cash in and manage cash out
- Revenue and portfolio analysis
- Discounted cash flow analysis and calculation
- Cash flow preparation monthly using direct and indirect method
- Cash forecast preparation and analysis with many different scenarios with expected effect on financial statements
- Provision calculation and analysis
- Monitor and maintain GL
- providing recommendations based on review/analysis and implementing follow-up actions
- Forex translation adjustment entries
- Enhance & monitoring and review daily entries
- Budged preparation and budged deviation analysis for both cost and monthly growth and net sales against sales target, variance evaluation between actual and budged, reforecast budged monthly with new situation
- Bank reconciliation
- Intercompany reconciliation
- Differed profit analysis and reconciliation
- Weekly and monthly reporting to H.O
- Prepaid and accruals expenses and income calculation
- Fixed assets and depreciation calculation
- Withholding tax and stamp duty reports review
- Board back preparation and review
- Review cash entries
- Allocation service departments and common to revenue center.
- Enhance & monitoring and review daily entries
- Financial statement analysis
- Accounts payable and receivable analysis
- Revenue analysis
- Cash flow analysis and reports
- Sales, withholding tax reports and stamp duty
- Monthly payable and receivable ageing report
- Budged preparation
- Book keeping
- Bank reconciliation
- Intercompany reconciliation
- Weekly and monthly reporting to H.O
- Audit income
- Monthly closing, income statement and balance sheet preparation, trial balance analyses
- Prepaid and accruals expenses and income calculation
- Fixed assets and depreciation calculation
- Billing invoices and manage the collection payment and terms of payment with corporation contract with sales and marketing teams
- Supervision task to follow and evaluate my subordinates such as follow the reports died line, time management, day to day operations
- Other analytical tasks
- Strong back ground in IFRS and how to implements it in the daily course of actions.
Training course
Outside training in H.O (Bahrain) for IBS (integrated business system) as to test and advice for any weakness point in the system
- Petty cash
- Book keeping
- Income auditor
- Handling bank account monthly closing
- Income statement, balance sheet preparation
- Journal and sub ledger keeping
- Salary reports.
External auditor for our clients accounts audit for there bank accounts day book posting, prepare their taxation reports and there final reports, income statement.
Document analysis and business cycle analysis paper work designer, and reporting designer by using SADN (system analysis and design methodology), optimizing paper cycle My graduation: project in ministry of defense fund in business analysis and design for Cairo Medicine optimize the manual system to computer system by analysis the paper cycle and concatenate it to reach an optimum data base and generate better paper cycle for stock and sales department.
