1.
Ahmed Abdel-Hamid Mohamed
10 A El-Khamraweya St., Shoubra, Cairo, Egypt
Home No. : 02-22017771 – Mobile No. : 01225551255
E-mail Address: Ahamid2@savola.com
Profile
8 years of experience in financial planning & analysis, Costing, Treasury, risk management, AP, AR, Taxation.
combine excellent organizational skills with hands-on technical knowledge, superior memory for details and a strong work
ethic .Self-starter with the ability to analyze business operations and recommend strategies to improve performance.
Maintain professionalism at all times and use discretion when handling confidential data. competent “people person” with
bilingual English-French skills
I seek to realize more success in another multinational company in a higher position.
Work Experience
Financial Planning & Analysis Manager (reporting to Senior Finance Director)
Afia International Egypt (The Savola Group) Finance Dept. Sep-13 – Present
Supervision of subordinates: Organize and supervise the activities and work of subordinates to ensure that all work within a
specific area of the Financial Analysis section activity is carried out in an efficient manner which is consistent with operating
procedures and policy (Direct Reportees is 1 person)
Budgets & Plans: Contribute to the preparation of the Financial Planning section budget and monitor financial performance
versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are
identified
Policies , Systems , Processes & Procedures: Develop policies and procedures, identify areas in which margins can be
increased and cost could be reduced
Recommend improvements to policy and direct the implementation of instructions covering all areas of Financial Planning
activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service
Day-To-Day operations: Supervises the day-to-day operations of Financial Planning to ensure that work processes are
implemented as designed and comply with established policies, processes and procedures
Planning: Coordinate and align strategic planning, Annual Operating Plan, forecast, and capital planning processes.
Performing of financial planning cycles for the company (AOP, 3/6 years Strategic Plans, 12MRF)
Managed the development and automation of financial planning tools to facilitate and accelerate decision making
process , including financial simulation and what if scenarios
Analytical & Planning support: Provide the Business with analytical and planning support in target setting, profitability level,
development and achievement of performance targets.
Product Profitability/Pricing actions: Tracking the product profitability, monthly contribution margin analysis and place
pricing recommendation to management
Propose the pricing action necessary to protect the planned profit margin , work out pricing quotation for B2B and export
customers
Hedging/derivatives : Use Hedging to mitigate financial risks related to the fluctuation of commodity prices through put/call
options and other derivatives available.
Profitability Monitoring: Build a dynamic data base for our brands’ financials
Run the regular profit matrices and analysis highlighting profitability enhancement’s opportunities
2.
Work closely in projects’ Multifunctional teams on all company’s initiatives (including the pricing exercises for B2B, B2C and
export markets)
Pricing decisions: Implementation of pricing strategy in accordance with company strategic objective
Provide management with pricing actions results on brand , total company levels .
Financial Assessments: Run pre- and post-Financial assessments for all trade activities, consumer promotion and key
investment.
Validate the ROI of all projects and investments in advance and post mortem
Financial appraisals for Capex , investment and key projects . Coordinating the final proposal with project owners.
Brands, Format, Size new launches financial assessment.
Feasibility studies
Budgeting: Full Budgetary process , starting from aligning budget with cost centers owners , periodical reviews versus actual ,
highlight deviations , agree on corrective action and escalate to top management when needed
Monthly / Year end closing: Monitor & analyse monthly / yearend closing steps & provide justification of variances along
with confirmation on Direct Material Cost booking before official financial closing sign off.
Taxation: Work with taxation team for tax management especially in deferred tax assets/liabilities & calculation as well.
Projects: Supervise the implementation of projects to ensure that the project cycle is completed, meeting agreed project
parameters (cost budget, timelines, scope and quality), standards and objectives
Continuous Improvement: Stimulate subordinates and contribute to the identification of opportunities for continuous
improvement of section systems, processes and practices taking into account ‘international best practice’, improvement of
business processes, cost reduction and productivity improvement
Related Assignments: Perform other related duties or assignments as directed
Financial Analyst (reporting to Financial Planning Manager)
Afia International Egypt (The Savola Group) Finance Dept. April-12 – August-13
Policies, Systems , Processes & Procedures: Implement approved departmental policies, processes, procedures and
instructions to subordinates and monitor their adherence so that work is carried out in a controlled manner
Day to Day operations: Supervises the day-to-day operations of Financial Analysis to ensure that work processes are
implemented as designed and comply with established policies, processes and procedures
Assists in the analysis of financial data using Oracle and spread sheets for the purpose of determining past financial
performance that help for the current decision.
Financial Assessments: Conducts scenario and sensitivity analysis to build a business case for trade investment decisions.
Develops project financial analysis (pay-out analysis) and evaluation of various scenarios (sensitivity analysis) to help & guide
the business towards the optimal financial decisions
Budget Tracking for Trade spending: Assist in implementation of Sales Spending Tracking system by activity VS Budget
and by activity in order to evaluate variances & apply effective financial controls.
Forecasting: Carrying out the operation duties of the annual budget as well as rolling forecasts preparation up to submission
to Head Quarter in order to make sure that Business Unit has the desired forecasted financial statements.
Profitability Analysis: Analyze & Simulate costing information & prepare variance analysis to identify cost pressure of
commodities prices, foreign currency fluctuation and its impact on profitability then determine the correspondent action to
maintain the target profitability levels.
Analyze actual profitability through examining every cost element to highlight any risks or opportunities for the business unit.
Business Partnering: Execute & Implement effective financial Partnering as supporting function to Marketing, Sales &
Manufacturing to increase their financial awareness & make sure that any project or proposal is done taking into consideration
the right financial analytical tool.
Provides information to management by assembling and summarizing data; preparing reports; making presentations of
findings, analyses, and recommendations.
3.
Departmental Cost Financial Analysis: Performs statistical, cost, and financial analysis of data reported in the Oracle
system by importing the data then prepare the required analysis in order to provide the various departments (Manufacturing ,
Sales, Marketing, G&A) with the actual vs. budget information for controlling costs as well.
Preparation of capital investment analysis decision: Analyzing any requirements for the cash-out (cost-Benefit analysis)
for the investment in any projects/assets and make the relevant evaluation to assess the feasibility of the project.
Analysis of competitors’ products (shadow Analysis): Analyzing the products of our competitors in terms of quality, costs ,
profitability, etc… to help us identifying our strength and weaknesses points that ultimately contribute to strategic decision.
Reconcile Transactions by comparing & correcting data: In each monthly closing, financial analyst works with several
finance section (i.e., costing & accounting team by reviewing the temporary results regarding the products’ costs, actual
manufacturing overheads, drafted financial statement and recommending actions if necessary.
Increase finance productivity by developing automated applications: Interprets financial transactions and events for
users who must make economic or business decisions by developing the software for brands/Skus profitability analysis
Continuous improvement: Contribute to the identification of opportunities for continuous improvement of systems, processes
and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and
productivity improvement
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal
networks; participating in professional organizations
Reporting: Prepare reports timely and accurately to meet Savola and department requirements, policies and standards
Internal communication : Marketing, sales, supply chain, customer service and business leader team.
External communication: oil suppliers , head quarters
Treasurer: (Reporting to Chief Financial Officer)
Afia International Egypt (The Savola Group) Finance Dept. Mar.11 – Mar-12
Forecasting cash flow positions , related borrowing needs & available funds for investment.
Prepare daily financial cash position of all our banks’ accounts.
Obtain FX rates and track with historical rates to manage our receivables & payables properly.
Managed our daily borrowing & Investments positions based on estimated cash in & out.
Make time deposits in banks with high rates to obtain the maximum benefit for our surplus cash.
Provide our banks with necessary financials which are needed to evaluate the credit rating of us.
Calculate the accrued interest expense and income daily.
Make wire transfer to our vendors based on payment terms specified in contracts.
Handle all the necessary communication with banks to finalize all issues.
Prepare bank scorecard to measure banks’ performance.
Simple preparation for banks’ statement versus book reconciliation.
Insurance Management:
Handle the insurance cycle over the company’ assets (Vehicles, Buildings, Machineries’ breakdown employees’ fidelity and
Loss of profit).
Make the necessary negotiation with our broker to obtain the best rates versus market rates.
Make the necessary claim and keep follow on to obtain our compensation.
Follow on the due date of the insurance policies to ensure that they are paid on time.
Senior Accounts Payable Accountant
Afia International Egypt (Savola Group) Finance Dept. Sept.2008 – Feb.11
Handle all Head office expenses (i.e. Training, Marketing, Sales).
Handle all overseas shipments imported from abroad for all materials as well as all additional costs to account for them
properly (i.e. customs duties, clearance, insurance, bank charges, etc…)
4.
Handle all Payable Cycle (3 Way Matching).
Handle all spending of capital expenditures for all projects under construction & direct Assets.
Re-Evaluation of A/Ps & Banks’ balances denominated in foreign currencies and account for any forex variances.
Keep track of A/P, Purchase accruals, Advances to vendors & employees’ subsidiary versus General Ledger that all are
matched at the end of each closing period.
Prepare & finalize the cost of all overseas shipments (Raw Materials & Assets)
Assist and work with my colleagues to perform the external auditors’ (KPMG Hazem Hassan) requirements (Done previously
for a 5 subsequent years).
Responsible for the preparation of suppliers’ withholding taxes each quarter.
General Accountant
Afia International Egypt (Savola Group) Finance Dept. Aug.2007-Aug.2008
Petty cash expenses
Handle all petty cash expenses. (E.g. sales, HR, manufacturing, etc.), replenish funds for all treasuries, track IOU and
reimburse for actual expenses, track all advances settlement, tracking the cheques outstanding with the bank
statements and follow on bounced cheques preparing the debit note for the intercompany transactions.
Cost Accountant (Reporting to costing section head)
Afia International Egypt (Savola Group) Finance Dept. July 2006– July 2007
Responsible for production cost, Standard Cost, inventory booking maintenance and material variance analysis
Handling Petty Cash in payment module of ERP (Creating ledger, charging account & pay it).
Matching Purchasing Orders with supplier voucher (Qty-Price-Charge account)
Controlling all Warehouses (FGD-CML-PKG-OSP) physically and systematically on ERP.
Performing monthly closing tasks.
Analyzing inventory evaluation and prepare utilities journal entry as needed.
Track all movements (purchase & issuance) across all materials warehouses i.e Oils, packing, chemicals & spare parts.
Analysis & auditing data of WIP data transaction through Receiving all materials ( PKG,CML,RO) from ERP into Visual Basic
Module and matched it.
Ensuring that all stocks (PKG & CML) are matching with Tin can Production line, filling line and Quality control status reports
Raw materials matching and direct materials cost (DMC) matched with WIP value
Ensuring production of Finished goods from ERP
Monthly Analysis of Direct Material Cost , (CML, PKG, Oil)
Actual VS standards .
Uploading actual cost price for products on ERP
Handling recycle losses report and analysis the losses to three
elements (CML-PKG-OIL
Assisting the Costing Section head in Year End Audit
Assisting costing head in preparing all Audit requirements.
Preparing annual closing documentation for external auditors.
PKG-CML-SPP-Recycle losses-FGD-DMC-WIP
Ensuring that all materials received match the price approved by all relevant parties post considering all RFQs
Develop the cost of all Raw Material types based on the assigned costing method weighted/moving average.
5.
Certificates
Develop final cost of the finished products to
Take the Physical Count for all warehouses at the end of the period.
Track the actual Expenses versus budget for all departments within the factory.
Take accruals at the end of the period [(Factories’ utilities accruals e.g. electricity, gas, etc...
Work with engineers in developing the BOMs for all products to develop the Operational budget
1-Certified Treasury Professional (CTP) June-2011
CTP Certificate from the Association for Financial Professionals (AFP) accomplished & Succeeded
2-Certified Management Accountant (CMA) Feb-2012
CMA (Accomplished & Succeeded) old system of 4 parts IMA
Skills
Language Skills
Fluent in spoken and written English, French and Arabic.
Computer Skills
1-Oracle ERP (New) System
Attending almost of the Application of Oracle ERP when switch from old system (Scala System) to the new one,
some of the application and actually practiced are:
1- Account Payable Module, Fixed Assets , General ledger, trial balances reports, extracting of financial information,
AR module,
2-Microsoft Office
- MS Word/Excel/Power point
Personnel Skills
1-Ambitious/ active/ hard Worker/ self-Motivated/ sociable/ Able to work under pressure/ Patient/Presentable/ Have a
good negotiation & Communication skill
Educational Background
Faculty of commerce (English section) Grade: Very Good
Lycee’ Français (High School) Grade: 92%
Saint Paul School as primary school
Training Courses
Change Simulation at New horizon training center in 2014
IFRS (International at Ernest & Young
Attended CTP Training Course in the American Chamber Of Commerce.
Who Move my cheese (Logic Training Center).
Seven Habits of highly effective people (LTC Training Center).
Communication Skills.
Tax Law (i.e. Sales Tax, Income Tax, Withholding Tax, etc….) at Mostafa Shawky center.
Insurance at Crescent Broker SAE
Interests/ Activities
Playing football (previously at Arab contractors sporting club)/ continuous reading
Personal Data
Date of Birth : August, 20th , 1985
Place of Birth : Cairo, Egypt
Nationality : Egyptian
Military Status : Exempted.
Marital Status : Single