Ahmed Abd El-Aty

A management professional completed CMA & MIBA and 25+ years of proven track record in providing Planning, Budgeting, Financial Analysis, Maintenance of policies and procedures, Developing accounting & costing systems, banking and cash flow management across various sectors were including Middle East & Egypt. Seeking a challenging position with a reputed organization to utilize acquired skills in making tangible contributions to the whole financial situation and position.

Resume created on DoYouBuzz

Experiences

The group is one of the biggest worldwide companies on the field of cement manufacturing, trading and related products manufacturing like ready mix, Breaks & Blocks. Its head office in Cairo, Egypt with trading company, and ready mix factory, also, the group has trading company in Dubai. In Mozambique the company have three companies, the first is cement manufacturing company, the other is cement trading company and the third is logistic company with a big fleet of trucks mainly serving the other two companies. Under process to have also another two companies in Mozambique, one for ready mix and the other for breaks and blocks.
Achievements:
 Building full finance and administration systems and processes from scratch.
 Building a correct reporting system for the group.
 Building Cash flow tracking system for future expectations.
 Managing the issuance and creation of the new companies.
 Arranging the required finance for all the projects in several countries based on the requirements of each company whether it is project finance of working capital finance with all different financial tools.
 Re-structuring the Financial sector with dramatic changes to achieve one of the major strategic objectives of the company to improve the quality of the products fron the financial sector.
 Improving the accuracy of the financial statements through automating some processes.
 Contracting for the implementation of an ERP system for the whole group and starting the implementation process.
 Bundling the HR department from scratch.
Responsibilities:
 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets.
 Recommend benchmarks for measuring the financial and operating performance of divisions and departments.
 Manage the preparation of financial outlooks and financial forecasts.
 Approve and coordinate changes and improvements in automated financial and management information systems for the company.
 Ensure compliance with local budgetary reporting requirements.
 Prepare financial analysis for contract negotiations and product investment decisions.
 Work with department managers and corporate staff to develop five year and ten year business plans for the company.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.
 Serve on planning and policy-making committees.
 Serve as primary legislative liaison relative to company financial issues.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.
 Direct financial audits and provide recommendations for procedural improvements.
 Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
 Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
 Develop and implement finance, accounting, billing, and auditing procedures.
 Establish and maintain appropriate internal control safeguards.
 Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
 Ensure records systems are maintained in accordance with generally accepted auditing standards.
 Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
 Assist in obtaining the necessary licenses and insurance required to start a business.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.
 Responsible to manage and control the HR, Personal and Administration affairs departments.

The organization is the biggest worldwide Designer & manufacturer of High quality chandeliers crystal parts (Trimmings), Crystal Fashion components (used as decorative components in jewelry & fashion industries), lighting Collection (Chandeliers, Wall Brackets , Plafoniers , Table lamps , Floor Lamps , Lanterns and spotlights with crystal ornaments ) Also special designed chandeliers of various sizes and models, Crystal figurines and 3d laser Gifts, Imitated jewelry & all its machinery & equipment required for the production line. Its manpower reaches 32000 employee, More than 95% of its sales are export to the whole world. Its competitive advantage worldwide is the cost leadership.
Achievements:
 Building Cash flow tracking system for future expectations.
 Starting the Banking finance on Asfour as previously Asfour was fully self-financed.
 Starts Sale and Lease back process as a finance tool.
 Re-structuring the Financial sector with dramatic changes to achieve one of the major strategic objectives of the company to reduce the administrative costs.
 Improving the accuracy of the financial statements through automating some processes.
Responsibilities:
 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets.
 Recommend benchmarks for measuring the financial and operating performance of divisions and departments.
 Manage the preparation of financial outlooks and financial forecasts.
 Approve and coordinate changes and improvements in automated financial and management information systems for the company.
 Ensure compliance with local budgetary reporting requirements.
 Prepare financial analysis for contract negotiations and product investment decisions.
 Work with department managers and corporate staff to develop five year and ten year business plans for the company.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.
 Serve on planning and policy-making committees.
 Serve as primary legislative liaison relative to company financial issues.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.
 Direct financial audits and provide recommendations for procedural improvements.
 Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
 Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
 Develop and implement finance, accounting, billing, and auditing procedures.
 Establish and maintain appropriate internal control safeguards.
 Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
 Ensure records systems are maintained in accordance with generally accepted auditing standards.
 Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
 Assist in obtaining the necessary licenses and insurance required to start a business.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures

The organization is the biggest worldwide Designer & manufacturer of High quality chandeliers crystal parts (Trimmings), Crystal Fashion components (used as decorative components in jewelry & fashion industries), lighting Collection (Chandeliers, Wall Brackets , Plafoniers , Table lamps , Floor Lamps , Lanterns and spotlights with crystal ornaments ) Also special designed chandeliers of various sizes and models, Crystal figurines and 3d laser Gifts, Imitated jewelry & all its machinery & equipment required for the production line. Its manpower reaches 32000 employee, More than 95% of its sales are export to the whole world. Its competitive advantage worldwide is the cost leadership.
Achievements:
 Build strong reporting system.
 Great communication for such reports whether on costing or budgeting to all levels reaching the line supervisors.
 Great support for decision making.
 Improve the productivity and the production costs using the detailed analysis costing reports.
 Building new software for facilitate the departments efficiency.
 Huge increase on the costing awareness among the whole company.
Responsibilities:
 Perform and supervise month-end cost accounting duties
 Perform and supervise month-end Budgets reports & duties
 Challenge cost, yield and usage standards
 Accurately and properly value production and inventory in accordance with company policies, IFRS and local accounting standards
 Recommend and establish basis of cost allocation across plants, subsidiaries and different products
 Set product standard costs, analyzing changes, ensuring standard costs are reasonable and competitive
 Analyze, monitor and prepare commentaries on production and purchase price variances, incorporating significant events / variances into the Accounting System
 Ensure accurate cost data generated by the enterprise resource planning system (ERP).
 Manage internal controls over inventory accounting system
 Provide cost accounting advice to Operations and Materials Management, ensuring production variances are properly controlled and addressed
 Review inventory reports as well as track, monitor and provide timely reports of abnormalities of actual production activities versus plan and budget.
 Prepare cost estimates for new products, supporting Operations personnel in production cost control measures
 Prepare and actively participate in Operating Plans and periodic financial forecasts
 Prepare five years business plans for each subsidiary alone and a consolidated business plan for the group complete.
 Recruit, train, supervise, and evaluate department staff.
 Provide Budgeting & Cost accounting policy orientation for new staff.

The organization is the pioneer Electrometer Designer & manufacturer in Egypt & Middle East, has in addition to the Egyptian factory 7 other factories worldwide, Ghana, Zambia, Ethiopia, Brazil, Mexico, India & Czech Republic in addition to commercial branch in China. It considered one of the greatest player in Africa, More than 90% of its sales are export to the different countries including its factories worldwide and other countries as well.
Achievements:
 Build Complete Accounting, Costing, Cash flow procedures and regulations.
 Build the company’s rules and regulations & financial rights and responsibilities.
 Implement JD-Edward ERP system, during the implementation process, implements small accounting system to serve till the final implementation of the ERP (Peachtree).
 Build the controls and asset safeguard process and procedures.
 Build very wide banking network, and the ability to gain a very competitive pricing for the credit facilities and open several new credit facilities with more than 6 banks.
 Being in the process of IPO & PE as a buyer and seller for three times.
Responsibilities:
 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets.
 Recommend benchmarks for measuring the financial and operating performance of divisions and departments.
 Manage the preparation of financial outlooks and financial forecasts.
 Approve and coordinate changes and improvements in automated financial and management information systems for the company.
 Ensure compliance with local budgetary reporting requirements.
 Prepare financial analysis for contract negotiations and product investment decisions.
 Work with department managers and corporate staff to develop five year and ten year business plans for the company.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.
 Serve on planning and policy-making committees.
 Serve as primary legislative liaison relative to company financial issues.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.
 Direct financial audits and provide recommendations for procedural improvements.
 Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
 Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
 Develop and implement finance, accounting, billing, and auditing procedures.
 Establish and maintain appropriate internal control safeguards.
 Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
 Ensure records systems are maintained in accordance with generally accepted auditing standards.
 Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
 Assist in obtaining the necessary licenses and insurance required to start a business.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.

IDACO is the pioneer wiring harness manufacturer in Egypt and middle east located in 6th October city supplying to most of automotive manufacturer in Egypt, also supplying to domestic appliances manufacturer too. They are also on of only four companies on the automotive feeding industry in general approved by WV Germany, and the only company starting supplying WV.
Achievements:
 Build Complete Accounting, Costing, Cash flow procedures and regulations from scratch.
 Implement ORACLE ERP system in complete including MRP. Before ORACLE implement MAPICS ERP under AS400 environment.
 Build complete system to control the cost of imported material and logistics.
Responsibilities:
 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets.
 Manage the preparation of financial outlooks and financial forecasts.
 Approve and coordinate changes and improvements in automated financial and management information systems for the company.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.
 Serve on planning and policy-making committees.
 Serve as primary legislative liaison relative to company financial issues.
 Oversee financial management of foreign operations to include developing financial and budget policies and procedures.
 Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
 Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
 Develop and implement finance, accounting, billing, and auditing procedures.
 Establish and maintain appropriate internal control safeguards.
 Ensure records systems are maintained in accordance with generally accepted auditing standards.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.

Senior Accountant, L/C Department executive and computer supervisor and programmer

Arab Saudi Co. for Poultry Production

February 1992 to July 1997

Buraidah

Saudi Arabia

Arab Saudi Co. for Poultry Production, located in Buraydah, Kingdom of Saudi Arabia, one of the companies emerging from Arab Co. for Livestock Development (ACOLID), emerging from The League of Arab States. This company was producing poultry starting from mothers, hatchery, meet farms, slaughter house, feed factory, frozen and chilled stores.
Achievements:
 Smoothen all raw material, components, machinery and equipments including one-day-old live checks flow and on time delivery without any single problem or demurrages for all my working period (about 6 years).
 Implement the accounting system from scratch and responsible for any technical or reporting issue.
 Supervising and administrate the network system, it was Novel at that time.
 Programmer for small programs like payroll, time attendance, and others. (In COBOL language at that time).
Responsibilities:
 L/C department executive.
 The head of the purchasing committee.
 Dealing with all import suppliers starting from request of quotation, negotiations, technical verifications, till placing orders.
 Following-up all financial issues related to opening the required L/C’s and any other payment methods and following all required documentations.
 Following-up with the suppliers to ensure on time delivery.
 Following-up with the logistic and clearing company to ensure on time clearing to avoid any demurrages.
 Prepare all accounting entries and transactions related to purchases and identify the cost of each item and component purchased.
 Implementing the accounting system and supervise the system and reporting.
 Member of the closing committee responsible for preparing all financial reports (interim and annual).
 Network administrator, it was Novel at that time.
 Programmer for small programs.

Accountant and Computer Operator at foreign stations Accounting Department

ZAS Airline of EGYPT

December 1989 to January 1992

Cairo

Egypt

ZAS airline of Egypt was the first privet sector airline company in Egypt, it was started as cargo airline at first and then expanded to become passenger airline too. It was have about ten stations on different countries worldwide, in USA, Europe, Asia & Africa. It was have many regular scheduled flights and also charter flights.
Achievements:
 Preparing all financial statements and reporting for about 5 stations from entry preparation, booking, trial balances & analysis, Balance sheet and income statements, … etc.
 Being main member in the consolidation committee responsible for the preparation of all consolidated financial statements and reports for the company as whole.
 The financial representative of the company in front of BSP & IATA.
 Preparing the financial reports for the joint venture between ZAS airline and Sudan airlines, by calculating the dues of each company based on prorate of the tickets was served between the both companies.
Responsibilities:
 Accounting and book keeping for five foreign stations.
 Preparing all financial reports and statements for these stations..
 Member on the consolidation committee of all financial reports and statements of the company as a whole.
 Preparing all the analysis required and insure the correctness of the payable and receivable balance to safeguard the company’s assets.

This was an external audit and accounting office, it was small office at that time, that’s why I was responsible for several customers accounting system from scratch starting from collecting all related documents, preparing the related accounting entries till we reach all the financial reports and statements and the tax reports, and finalizing all tax audits with the tax authorities. I was also auditor for some other customers who were preparing their financial statements.

Education

Ain Shams University, Faculty of Commerce, Egypt
Doctorate's Degree in Business Administration – DBA, Major: Global Management Recently under process
Expected (March) 2018

ESLSCA University, France, Egypt branch, Egypt
Master’s Degree in International Business Administration – MIBA, Major: Global Management (January) 2012

Institute of Management Accountant, USA
CMA (Certified Management Accountant) (June) 2009

Ain Shams University, Faculty of Commerce, Egypt
Bachelor’s Degree in Commerce (Major Accounting) (May) 1987

As-Salam College (Language School), Egypt
Prep., Prim. & Sec. language school (Major Math) (May) 1983

Skills

Leadership, Group Dynamics, Supervisory & Management Skills, Prioritizing, Time Management

Expert

Communication & Interpersonal, Analytical & Creative Problem Solving

Expert

Expert MS-Office, MS-Project user, ORACLE ERP Financial user, Microsoft Dynamics AX ERP user & JD-Edwards ERP user

Expert

Excellent command of English language (reading, speaking & writing).

Expert

MIBA – Master of International Business Administration.

Expert

 CMA – Certified Management Accountant

Expert

Interests

Swimming
Volyball

Reading in many and several fields

Your browser is outdated!

Group Chief Financial Officer - CFO

Group Chief Financial Officer - CFO

Chief Financial Officer - CFO

Costing & Budgeting Departments Manager & Deputy CFO

Chief Financial Officer - CFO

Financial Manager

Senior Accountant, L/C Department executive and computer supervisor and programmer

Accountant and Computer Operator at foreign stations Accounting Department

Accountant and Auditor

Doctorate's Degree in Business Administration – DBA, Major: Global Management

Ain Shams University, Faculty of Commerce, Egypt

Master’s Degree in International Business Administration – MIBA, Major: Global Management

ESLSCA University, France, Egypt branch, Egypt

CMA (Certified Management Accountant)

Institute of Management Accountant, USA

Bachelor’s Degree in Commerce (Major Accounting)

Ain Shams University, Faculty of Commerce, Egypt

Prep., Prim. & Sec. language school (Major Math)

As-Salam College (Language School), Egypt

My CV

Leadership, Group Dynamics, Supervisory & Management Skills, Prioritizing, Time Management

Communication & Interpersonal, Analytical & Creative Problem Solving

Expert MS-Office, MS-Project user, ORACLE ERP Financial user, Microsoft Dynamics AX ERP user & JD-Edwards ERP user

Excellent command of English language (reading, speaking & writing).

MIBA – Master of International Business Administration.

CMA – Certified Management Accountant

Sports

Reading