Sherif Hussein
Accounting & Finance
Jeddah
Summary of Career
1. Over 21 years of financial & accounting experience include but not limited to: Management of Financial Resources -- Determining how money will be spent to get the work done, and accounting for these expenditures.
2. Professional financial reporting skills – write reports for measuring performance in order to highlight the positives and ' red flags'.
3. Professional in deal with banking operations (LC, LG, DA, obtaining bank facilities whether working capital or CAPEX and debt restructure or reschedule if needed)…
4. Professional in developing accounting and financial setup for new business.
5. Professional in developing and rebuild finance process and policies in large companies.
6. Professional in preparing feasibility studies, CAPEX Vs OPEX, financial analysis, budgets, variances, merger and acquisitions.
7. Critical Thinking -- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
8. Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
9. Instructing & leading -- Teaching my team how to achieve our target and motivating employees to achieve peak productivity and performance.
10. Time Management -- Managing one's own time and the time of others.
Experience as Financial Manager
05 December 2009
17 October 2015
Guiding and directing financial and control activities in a manner designed to protect assets, meet reporting requirements provide timely, meaningful reporting of operations.
Managing and directing the financial department toward company primary objectives.
Design - & manage the implementation process- of financial information system elements: (Chart of accounts / Documentary group and documents cycles / Records group /Reporting cycle/ System outputs/ Internal control rules / Accounting policy and procedures)
Building the central finance team with a formal job description.
Managing all relations with banks to obtain financial facilities.
Developing and managing all LCs operations and preparing SOP.
Reorganize supply chain operations to put more control and cost-saving for company.
Managing all insurance operations (Property / Marine / Car & Vehicles/ Medicals and Claims) and deal directly with insurance companies.
Established the monthly closing policies and procedures for full monthly reporting package :
(Monthly financials & others performance reports) investment center on monthly basis.
Preparing yearly Budget (monthly breakdown/locations or branches wise / cost and profit centers wise).
Reporting the budget vs. actual performance comparison on a monthly basis, along with the essential clarifications and the recommended actions.
Developing the customer’s policies and procedures system (trade conditions and agreements systems).
Ensuring ( debtors, creditors, and inventory ) control and reporting, all of these along with Ageing
Supporting the sales managers to enable them to deliver their responsibilities.
Ensuring recording of Fixed Assets of the company.
Ensuring clean internal audit, statutory audit.
Overhead expense analysis (cost-benefit analysis).
Creating and keeping the team fully motivated, committed & focused towards goals of the company.
Working on full financial policies and procedures.
Experience as Group CFO
18 October 2015
Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
Work with the President/CEO on the strategic vision including fostering and cultivating stakeholder relationships on city, country, and national levels, as well as assisting in the development and negotiation of contracts.
Participate in developing new business, specifically: assist the CEO and COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost-effectiveness of prospective service delivery.
Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
Provide the COO with an operating budget. Work with the COO to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with regulations, local and contractual guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance.
Oversee the management and coordination of all fiscal reporting activities for the organization including organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
Oversee all purchasing and payroll activity for staff and participants.
Develop and maintain systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all (b) compliance issues are met, and the preparation of the annual financial statements is in accordance with IFRS other required supplementary schedules and information.
Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.
Monitor banking activities of the organization.
Ensure adequate cash flow to meet the organization's needs.
Serve as one of the trustees and oversee administration and financial reporting of the organization's Savings and Retirement Plan.
Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.
Oversee the production of monthly reports including reconciliations with funders and end of services plan requirements, as well as financial statements and cash flow projections for use by executive management, as well as the Audit/Finance Committee and Board of Directors.
Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.
Oversee business insurance plans and health care coverage analysis.
Oversee the maintenance of the inventory of all fixed assets assuring all are in accordance with regulations.
Establish the Authority Matrix and reestablishing the Policy Procedures Manual of the group.
Bachelor 02 May 1998
Bachelor's degree in Commerce May 1998 Zagazig University.Master 22 August 2014
Certified Management Accountant, CMA Aug 2014 Certificate No:(( 43153))Master 01 October 2014
Certified International Financial Reporting Standards (ACCA), IFRS Oct 2014 Certificate No :(( AD36811)).