Experience

Electro Cable Egy

• Egypt
• Automation Machinery Manufacturing
• 1 - 100 Employee

• Chief Financial Officer (CFO)

  • Apr 2019 - Present

  Sector CFO for the Electro Cable Companies: - Electro Cable Egypt . - Giza Power Industrial. - Giza Egyptian for Transportation & Distribution. - GPI Projects. I report directly to Both: Chairman of Board Director. Pioneer’s Group CFO. Principal accountabilities: • Providing strategic recommendations to the CEO/president and members of the executive management team. • Advising on long-term business and financial planning. • Following the factories operation and give advice for the strategic decisions. • Managing the processes for financial forecasting and budgets. • Managing and overseeing the preparation of all financial reporting. “Weekly, Monthly, Quarterly and annual” • Supervise the preparation of the annual and periodical financial statement in accordance with the Egyptian Accounting Standards and the IFRS. • leading, directing and managing of the finance and accounting team. • Treasury activities, Cash management and banks relation. Special achievements: • Restructuring of the bank facilities to suit the working capital needs and decreasing the interest prices.



Elsewedy Electric Company "Eng. Ahmed Elsewedy private business"

• Chief Financial Officer (CFO)

  • Feb 2013 - Mar 2019

  Companies: - Electromechanical Contracting Company. “Egypt” - Solar Energy Contracting Company. “Egypt” - Copper Factory. “Algeria” I report directly to the Chairman. Principal accountabilities: • Establishing, maintaining financial and management procedures for the new projects. • Ensure that accounting reports are in compliance with accounting principles and regulatory requirements • Supervise the preparation of the annual and periodical financial statement in accordance with the Egyptian Accounting Standards and the IFRS. • Supervises finance department personnel ensuring optimal performance. • Cash Flows forecast, analysis and its reconciliation with the actual one. • Preparing long-term business plans, feasibility studies. Special achievements: • Restructuring of the Egyptian company financially and success to prevent the expected cash flows deficits. • Success in finalizing the credit file for the Algerian project with the banks.



Holding Company for Medical Supplies

• Financial Director

  • Jan 2012 - Jan 2013

  Reporting directly to both the Deputy General Manager for Financial Affairs and the Chairman & Managing Director. . Principal accountabilities: • Establishing, and maintaining financial and management procedures for the organisation. • Preparing long-term business plans, feasibility studies. • Preparing and presenting the holding long term plan to the targeted partners and banks. • Ensure that accounting records and reports are in compliance with accounting principles and regulatory requirements • Supervise the preparation of the annual and periodical financial statement in accordance with the Egyptian Accounting Standards and the IFRS. • Acts as liaison between the company and external auditors and regulatory authorities. Coordinate with the auditors to issue the financial statement on their deadline. • Supervises finance department personnel ensuring optimal performance. • Coordinate and regulate the transfer of data among the financial departments and any outer body. Special achievements: • Restructuring of the finance department financial reporting system to meet both EAS & IFRS standards requirements. • Prepared the feasibility study of the new project of the firm pertaining to manufacturing medical packaging material "Ampoules & Vails" ; and successfully finalized its initial phase introducing the international angel investor to hold an equity stack at the project’s seed equity capital.



Hebi Group Egypt

• Group Financial Manager

  • Aug 2007 - Dec 2011

  I report directly to the Chief Financial Officer in Sweden and Group Chairman. Principal accountabilities: • Preparing business plan ( long and short term ) according to the discount cash flows method with all the related financial analysis. • Supervise the preparation of the annual budget and follow up its execution through the follow up reports. • Ensure that accounting records and reports are in compliance with accounting principles and regulatory requirements • Supervise the preparation of the annual and periodical financial statement in accordance with the Egyptian Accounting Standards and the IFRS. • Acts as liaison between the company and external auditors and regulatory authorities. And coordinate with the auditors to issue the financial statement on their deadline. • Supervise and follow up the periodical reports of the group companies (daily, weekly, monthly, and quarterly) to be sent on time to the headquarter in Sweden. • Supervise the application of all the financial regulations to assure the internal control efficiency. • Supervises finance department personnel ensuring optimal performance. • Coordinate and regulate the transfer of data among the financial departments and any outer body. • Follow up the preparations for the convention of the board of directors and the general assemblies as regards the invitations and the related memorandums. • Acted as the secretary of the board of directors and the general assembly sessions. • One of the team responsible about negotiation, discussing and implementing the new ERP system.



Hebi Tex for Medical Products

• Financial Manager, Accounting Manager, Chief Accountant

  • Feb 2000 - Feb 2003

  Finance Manager, (Feb. 2003 – Jul. 2007) I was responsible for the finance and a part of the administration activities of the company. I report directly to the General Manager and the Group Financial Controller. Accounting Manager, (Jan. 2001 – Jan. 2003) I was responsible for all the accounting activities and part of the financial reports and I was reporting directly to the Financial Manager. Chief Accountant, (Feb. 2000 – Dec. 2000) I was supervising the accounting department with most of the accounting activities and I was reporting to the Financial Manager. Principal accountabilities: • Supervision of accounting team • Lead and supervise the bookkeeping in General Ledger. • Follow the accounts payable and arrange payments in due time. • Follow the accounts receivable and in cooperation with the Marketing and Sales function organize the debt collection. • Supervising the Bank Reconciliation and Transfers. • Follow up and insure the Inter-company accounts reconciliation. • Payroll and headcounts analysis. • Monthly and Annual Book-closing. • Reconciliation of balance sheet and Profit & Loss accounts . • Profit and Loss with cost centres. • Development of models for product costing and pricing of products. • Follow all purchases to the company by Purchase Requests and Purchase Orders. • Organize the invoicing from the company on a day-to-day basis. • Implement and Preparing the weekly Sales and Stock analysis reports. • Cash Flows analysis as well as making Cash Flows forecast. • Budgeting and forecasting petty cash monthly and annual • A part of the logistics as Export activities and forwarder companies. • Letter of Credits, Letter of Guarantee and Bank Guarantees. • Controls and supervise the company Petty Cash. • Liaison with auditors (KPMG) Special achievements: • Implementation of tailored models for product costing and pricing module. • Upgrading and training of Finance staff.



Ministry of Inner Affairs

• Third financial researcher. (Senior accountant)

  • Oct 1998 - Feb 2000

  My principal accountabilities consisted of: • Preparing handling all the monthly payroll activities for two of the main subsidiaries. • Auditing internally another two subsidiaries payroll on monthly biases. • Rewords, retributions and bonuses. • Relevant official correspondences. • Developing and implement the payroll procedure on the new computerized system. Special achievements: • Development and implementation of the new payroll computerized system. My principal accountabilities consisted of: • Preparing handling all the monthly payroll activities for two of the main subsidiaries. • Auditing internally another two subsidiaries payroll on monthly biases. • Rewords, retributions and bonuses. • Relevant official correspondences. • Developing and implement the payroll procedure on the new computerized system. Special achievements: • Development and implementation of the new payroll computerized system.



EL MARWA for Agriculture Development Co.

• Senior Accountant

  • May 1997 - Oct 1998

  My responsibilities consisted of part of the accounting company activities, reports and business system. I was reporting to both of the Chief accountant and the Financial Manager. Principal accountabilities: • The entry on the business system and bookkeeping. • Accounting in General, Purchase and Sales Ledger • Monthly book-closings with corresponding management commentary. • Preparation and review of the inter-company accounts and reconciliations. • Analysis, monitoring and reporting of the company expenses on monthly biases. • Follow the accounts receivable and organize the debt collection. • Bank reconciliation and transfers. Special achievements: • Development and maintenance of new reporting systems.