William Fakhry
Group Financial Controller at National Automotive Company / Mercedes-Benz- Claim this Profile
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Bio
Experience
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National Automotive Company - NATCO
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Egypt
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Motor Vehicle Manufacturing
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1 - 100 Employee
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Group Financial Controller
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Nov 2014 - Present
Providing effective financial leadership to a finance team, to enable strategic foresight into the business and alsoprovide knowledgeable and accurate information to colleagues and senior management.Duties:• Overseeing all aspects of financial control in the business.• Providing financial, commercial and strategic support to the business.• Preparation of management information from source data.• Producing monthly management accounts, budgets, forecasts & VAT returns.• Presenting monthly results, budget variances and ad-hoc analysis.• Involved in Business Planning, P&L, Balance sheet & liquidity planning.• Overseeing internal financial controls.• Recording of monies received and paid out.• Producing meaningful commentary and analysis of financial data.• Preparation and reporting of income and expense forecasts to senior management.• Developing, managing and motivating a team of finance professionals.• Reviewing new & existing business models and capital appropriation requests.• Worked as part of a multi site/multi culture organization.• Identify and develop controls and processes to ensure all risks and opportunities are highlighted.• Controlling Mercedes-Benz dealers’ adherence to policies and procedures.• Lead, develop and motivate a high performing team.
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Gulf Oil Egypt
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Egypt
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Oil and Gas
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1 - 100 Employee
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Member of the Board of Directors
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Jan 2019 - Present
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Star Finance
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United States
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Consumer Services
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1 - 100 Employee
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Member of the Board of Directors
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Jan 2017 - Present
Star Finance Company has been established in the year 2009 with an aim of offering creative auto-financing solutions to the Mercedes-Benz retail network in Egypt. It is now considered as one of the influential securitization institutions in its field. Star Finance Company has been established in the year 2009 with an aim of offering creative auto-financing solutions to the Mercedes-Benz retail network in Egypt. It is now considered as one of the influential securitization institutions in its field.
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Cairo National Automotive (CNA) - Mercedes Benz
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Egypt
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Automotive
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1 - 100 Employee
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Finance Manager
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Jun 2009 - Nov 2014
- Responsible for the financial health of a company or organisation. Producing financial reports and developing strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term.- Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.- Review financial data and prepare monthly and annual reports.- Present financial reports to board members, stakeholders, executives, and clients in formal meetings.- Stay up to date with technological advances and accounting software to be used for financial purposes.- Establish and maintain financial policies and procedures for the company.- Understand and adhere to financial regulations and legislation.- Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.- Oversee financial department employees, including financial assistants and accountants.- Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.- Track the company's financial status and performance to identify areas for potential improvement.- Seek out methods for minimizing financial risk to the company.- Research and analyse financial reports and market trends.- Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
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Costing Manager
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Jul 1995 - Jun 2009
- Responsible for the overall accounting and costing functions, including audit, compliance and taxes under various laws and regulations.- Maintain responsibility for routine compilation of parts manufacturing costs for payroll, inventory accountability, distribution of factory labor, verification of actual costs and computation of variances.- Calculate burden rates and sets up expense budgets for manufacturing and service departments.- Check and clear data on labor and materials costs burden and expense items, inventory, and profit and loss adjustments.- Full balance sheet reviews on a monthly basis, look to continually improve balance sheet reconciliations each month. - Follow up on queries. Ensure that balance sheet accurately reflects current assets and liabilities of the relevant area of the business.- Devise, install or control systems for determining unit cost of products or services.- Distribute costs between the various divisions of management and production.- Classify production costs into wages, material and overhead.
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Education
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Ain Shams University
Costing Diploma, Good -
CMA
Diploma, CMA -
Ain Shams University
Bachelor of Commerce - BCom, Accounting