Basic Info

Yasser ElGaabiry

More than 15 years

Cairo, Egypt

Doctorate Degree

Senior Management

Work Experience

Group Chief Financial and Administration Officer at Nile Waterproofing Materials Company (BituNil).

Experience Details

Group Chief Financial and Administration Officer

Accounting/Finance

Senior Management (e.g. VP, CEO)

Provide fiscal leadership of external reporting, tax, treasury, risk management, IT functions. Responsible of overseeing purchasing, payroll, inventory and pricing, currency hedging strategies, audits, stock transactions, planning business objectives and implementing systems & processes to monitor and report on performance against agreed Key Performance Indicators across all the business sectors.
Selected achievements:
• Enabled access to EGP 40+ Million capital at low interest rates and under favourable terms by establishing company’s new presence in banking markets and building/cultivating multiple banking relationships.
• Increased efficiency and reduced costs through improved management of receivables and reduced time for invoicing.
• Played key role in diversifying business and positioning company for IPO through designing of good governance system.
• Introduced revised financial organizational structure, recruited new finance staff, re-engineering department to reduce workload and enhance control environment.
• Identified and quantified the organization’s exposures to accidental loss & adopted proper financial protection measures through risk transfer (to outside parties), risk avoidance, and risk retention programs.
• Facilitated operational overhaul, streamlined purchasing procedures reducing inventory without interruption to daily production of production.


Company Details

Nile Waterproofing Materials Company (BituNil).

Cairo, Egypt

501-1000 employees

Manufacturing

www.bitunil.com

Apr 2016 to present (1 year 6 months)
VP Finance/Chief Financial Office at Superfoods for Food Industries - Kato Group Related Party

Experience Details

VP Finance/Chief Financial Office

Accounting/Finance

Senior Management (e.g. VP, CEO)

Manage operations of the Finance Department, including Planning and Reporting, Accounting, Taxes and Costing. Overall responsibility for developing and tracking budgets and supporting the organization in minimizing costs while maximizing performance and profitability.
Selected achievements:
• Designed and implemented policies and procedures that ensure reliability of financial reporting, compliance with regulations and efficiency & effectiveness of operations.
• Acted as the integrator and navigator for the organization and developed strategies for sustainable value creation, Served as the public face, explaining the company’s position to Stakeholders.
• Owned and delivered a 5 year strategic plan, including new product launches.
• Led Cross-Functional partners to deliver growth, from strategy development to implementation and monitoring. Led new product launch efforts to drive 50%+ growth on strategic brands.


Company Details

Superfoods for Food Industries - Kato Group Related Party

Cairo, Egypt

101-500 employees

Manufacturing, FMCG, Food and Beverage Production

N/A

Apr 2014 to Apr 2016 (2 years)
Chief Financial Officer at Nile Union Meat Company -Kato Group Related Party

Experience Details

Chief Financial Officer

Accounting/Finance

Senior Management (e.g. VP, CEO)

Responsible for overseeing the finance function for the Company, driving improvements and best practice at all times. Leading on strategy, operating entities five year plan and all commercial finance and business related matters. Overseeing all aspects of finance and administration for the organization, including international compliance procedures, advising board of directors on implementation of strategies maintaining and improving fiscal condition and strengthen capacity of business.
Selected achievements:
• Managed and participated in due-diligence investigation of finances and operations of targeted acquisition and completed acquisition in Sudan.
• Negotiating finance facilities on terms securing the Company’s best interests at the lowest risk.
• Directed the preparation and presentation of the annual budgeting process and reviewed in accord with
The Group policy, guidelines and schedules.


Company Details

Nile Union Meat Company -Kato Group Related Party

Giza, Egypt

51-100 employees

Accounting and Auditing Services

N/A

Feb 2012 to Apr 2014 (2 years 2 months)
Financial Controller - CFO at United Technology Corporation (Otis Elevator Company)

Experience Details

Financial Controller - CFO

Accounting/Finance

Senior Management (e.g. VP, CEO)

Ultimate responsibilities for planning and leadership of corporate finance, accounting, MIS and projects management for 6 branches and 5 services centres across KSA. Implemented effective internal controls and ensured compliance with GAAP and applicable local regulatory laws and rules for financial and tax reporting. Conducted budgetary planning and cost control functions ensuring that spending is within budget and recommended appropriate modifications.
Selected achievements:
• Partnered with CEO to act as his COO, re-engineering company process and succeeded in increasing sales by 50%, operating income by 100%.
• Initiated and directed the activities associated with Sarbanes – Oxley Acts, worked closely with external auditors to perform assessment of internal controls.
• Conducted budgetary planning, cost control functions of the enterprise to ensure that spending is within allotments, and recommended appropriate modifications.
• Ensured that effective internal controls are in place and ensured compliance with GAAP, applicable local regulatory laws and US Securities & Exchange Commission rules.
• Successfully implemented ERP system, and automated the company's process.


Company Details

United Technology Corporation (Otis Elevator Company) (multinational)

Jeddah, Saudi Arabia

More than 1000 employees

Business Services - Other, Construction - Industrial Facilities and Infrastructure

www.otis.com

Mar 2010 to Feb 2012 (1 year 11 months)
Financial Controller - CFO at National Food Company - Kato Group

Experience Details

Financial Controller - CFO

Accounting/Finance

Senior Management (e.g. VP, CEO)

Responsible for managing financial operations for the National Food Company factories (Jams, Juices, Pasta and Bouillon Factories). Assessed organizational performance against the annual budget and long-term strategy, developed tools and systems providing critical financial and operational information and making recommendations on strategy and operations.
Selected achievements:
• Reduced inventory 24%: Formalized seasonal merchandise planning process that helped achieve record inventory turnover rates and lowest markdown rates.
• Generated 26% savings on final product cost, eliminating non-value added activities and improving the company's profitability and driving up sales by 30%.
• Implemented measures to eliminate duplicate functions and tighten efficiency measures, performed direct labor and overhead analysis and reducing headcount.
• Decreased bad debts expenses by EGP 10 Million through developing credit policies and initiating effective collection strategies.
• Prepared cost savings plans, instituted procedures to maintain vendor relationships ensuring best pricing, appropriate quantities and delivery terms to meet production scheduling requirements and achieving savings of EGP 20 Million


Company Details

National Food Company - Kato Group

Giza, Egypt

More than 1000 employees

Manufacturing, Food and Beverage Production, FMCG

N/A

Mar 2002 to Mar 2010 (8 years)
Finance Manager at Egypt Call Company for Communication Services.

Experience Details

Finance Manager

Accounting/Finance

Manager

Promoted after just 4 years with multinational firms to serve as Finance Manager in international company.
Selected achievements:
• Provided strategic direction for the company on investments, cash flow allocation, and budget monitoring and risk mitigation. Reduced DSO by 10% releasing EGP 20 Million cash assets.


Company Details

Egypt Call Company for Communication Services. (multinational)

Giza, Egypt

101-500 employees

Telecommunications

N/A

May 2000 to Mar 2002 (1 year 10 months)
Auditor at KPMG Hazem Hassan /Mercedes Benz

Experience Details

Auditor

Accounting/Finance

Entry Level

 Performing substantive audit procedure according to international audit standard of financial statement sections to ensure that company financial statement is fairly presented according to Egyptian accounting Standard.
 Assessing and testing the internal control environment, and reporting weakness.
 Preparing the financial statement and wrapping up the audit engagement.
 Preparing of tax returns
 Performing financial analysis for the account
 Prepare management letter for the client
JOBS PARTICIPATED IN AUDIT.
 Nestle
 Dolce
 IDF
 EQI
 Fosroc
 Caltex
 Calblec
 Nissan – Egypt
 Prid
 Hienz
 Natural gas
 Enpy.
JOBS PARTICIBATED IN (SPECEIL ASSIGNMENT)
 Edge supermarkets.
 Cairo Poultry Company.
 Cairo Electricity Company


Company Details

KPMG Hazem Hassan /Mercedes Benz (multinational)

Giza, Egypt

501-1000 employees

Accounting and Auditing Services

N/A

Aug 1996 to May 2000 (3 years 9 months)

Achievements


• Enabled access to EGP 40+ Million capital at low interest rates and under favourable terms by establishing company’s new presence in banking markets and building/cultivating multiple banking relationships.
• Increased efficiency and reduced costs through improved management of receivables and reduced time for invoicing.
• Played key role in diversifying business and positioning company for IPO through designing of good governance system.
• Introduced revised financial organizational structure, recruited new finance staff, re-engineering department to reduce workload and enhance control environment.
• Identified and quantified the organization’s exposures to accidental loss & adopted proper financial protection measures through risk transfer (to outside parties), risk avoidance, and risk retention programs.
• Facilitated operational overhaul, streamlined purchasing procedures reducing inventory without interruption to daily production of production.



• Designed and implemented policies and procedures that ensure reliability of financial reporting, compliance with regulations and efficiency & effectiveness of operations.
• Acted as the integrator and navigator for the organization and developed strategies for sustainable value creation, Served as the public face, explaining the company’s position to Stakeholders.
• Owned and delivered a 5 year strategic plan, including new product launches.
• Led Cross-Functional partners to deliver growth, from strategy development to implementation and monitoring. Led new product launch efforts to drive 50%+ growth on strategic brands.



• Managed and participated in due-diligence investigation of finances and operations of targeted acquisition and completed acquisition in Sudan.
• Negotiating finance facilities on terms securing the Company’s best interests at the lowest risk.
• Directed the preparation and presentation of the annual budgeting process and reviewed in accord with
The Group policy, guidelines and schedules.



• Partnered with CEO to act as his COO, re-engineering company process and succeeded in increasing sales by 50%, operating income by 100%.
• Initiated and directed the activities associated with Sarbanes – Oxley Acts, worked closely with external auditors to perform assessment of internal controls.
• Conducted budgetary planning, cost control functions of the enterprise to ensure that spending is within allotments, and recommended appropriate modifications.
• Ensured that effective internal controls are in place and ensured compliance with GAAP, applicable local regulatory laws and US Securities & Exchange Commission rules.
• Successfully implemented ERP system, and automated the company's process



• Reduced inventory 24%: Formalized seasonal merchandise planning process that helped achieve record inventory turnover rates and lowest markdown rates.
• Generated 26% savings on final product cost, eliminating non-value added activities and improving the company's profitability and driving up sales by 30%.
• Implemented measures to eliminate duplicate functions and tighten efficiency measures, performed direct labor and overhead analysis and reducing headcount.
• Decreased bad debts expenses by EGP 10 Million through developing credit policies and initiating effective collection strategies.
• Prepared cost savings plans, instituted procedures to maintain vendor relationships ensuring best pricing, appropriate quantities and delivery terms to meet production scheduling requirements and achieving savings of EGP 20 Million.



• Provided strategic direction for the company on investments, cash flow allocation, and budget monitoring and risk mitigation. Reduced DSO by 10% releasing EGP 20 Million cash assets


 Performing substantive audit procedure according to international audit standard of financial statement sections to ensure that company financial statement is fairly presented according to Egyptian accounting Standard.
 Assessing and testing the internal control environment, and reporting weakness.
 Preparing the financial statement and wrapping up the audit engagement.
 Preparing of tax returns
 Performing financial analysis for the account
 Prepare management letter for the client
JOBS PARTICIPATED IN AUDIT.
 Nestle
 Dolce
 IDF
 EQI
 Fosroc
 Caltex
 Calblec
 Nissan – Egypt
 Prid
 Hienz
 Natural gas
 Enpy.
JOBS PARTICIBATED IN (SPECEIL ASSIGNMENT)
 Edge supermarkets.
 Cairo Poultry Company.
 Cairo Electricity Company.



• EGP 40M+ liquidity generated through strategic analysis and sale of long term assets, negotiated M&A activity spanning acquisitions and divesture for non-core business units/assets . • SAR 80M in working capital freed through high-profile initiative to analyse receivable strategies, supplier contracts /pricing, and payable terms. • 15% reduction in purchasing spend, obtaining significant pricing advantages for materials suitable for operations. Developed synergies/growth strategies for materials harmonization project. • Identified new business opportunities, conducted risk analysis and feasibility studies and recommended improvements which increased revenue growth by 50%.

Education

Doctorate Degree in Finance and Investment

Education Details

Doctorate Degree

Finance and Investment

Cairo University, Egypt

Not specified

N/A

N/A

Cairo University
2013 - 2018 (Expected)
MBA in Financial Management

Education Details

MBA

Financial Management

Arab Academy for Banking and Financial Science, Egypt

B / Very Good / 75 - 85%

N/A

N/A

Arab Academy for Banking and Financial Science
2004 - 2006
BS in Accounting

Education Details

BS

Accounting

Faculty of Commerce - Cairo University, Egypt

C / Good / 65 - 75%

N/A

N/A

Faculty of Commerce - Cairo University
1992 - 1996

Certifications

CPA
Jul 2008

Certificate details

CPA

Jul 2008

N/A

N/A

N/A

AICPA- USA

N/A

Toefel
Jun 2012

Certificate details

Toefel

Jun 2012

N/A

N/A

N/A

N/A

Training and Courses

Training/Course Details

Ethics and Business practices & Applying Risk Assessment Standards& Project Management

Apr 2010

UTC

• Ethics and Business practices & Applying Risk Assessment Standards& Project Management –UTC

Training/Course Details

• Auditing Real-World Frauds

Aug 2014

AICPA

N/A

This profile is fresh!
Last update 6 days ago.

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Profile Skills and Keywords

AXAPTAAccountingAccounting And Auditing ServicesArabicAuditorBusiness Services - OtherBusiness-orientedCPAChief Financial OfficerConstruction - Industrial Facilities And InfrastructureCreativeEgypt Call Company For Communication Services.EnglishEthics And Business Practices & Applying Risk Assessment Standards& Project ManagementFACILITATORFMCGFinanceFinance And InvestmentFinance ManagerFinancial Controller - CFOFinancial ManagementFood And Beverage ProductionGreat PlainsGroup Chief Financial And Administration OfficerHyperion SAPIT SKILLSInsuranceKPMG Hazem Hassan /Mercedes BenzLeaderMBAManufacturingNegotiatorOffice Packages: Microsoft Word, Microsoft Excel, Microsoft PowerPointOracle- JDEPlannerProblem SolverRISK MANAGERReadingResearchSTRATEGISTSwimmingTelecommunicationsToefelUnited Technology Corporation (Otis Elevator Company)VP Finance/Chief Financial Office Auditing Real-World Frauds

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Office Packages: Microsoft Word, Microsoft Excel, Microsoft PowerPoint

Office Packages: Microsoft Word, Microsoft Excel, Microsoft PowerPoint

: Expert

: Extreme - I love it!

:

More than 7 years

AXAPTA

AXAPTA

: Expert

: Extreme - I love it!

:

More than 7 years

Oracle- JDE

Oracle- JDE

: Expert

: Extreme - I love it!

:

More than 7 years

Great Plains

Great Plains

: Expert

: Extreme - I love it!

:

More than 7 years

Hyperion – SAP

Hyperion – SAP

: Expert

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

IT SKILLS

IT SKILLS

: Expert

: Extreme - I love it!

:

More than 7 years

STRATEGIST

STRATEGIST

: Expert

: Extreme - I love it!

:

More than 7 years

RISK MANAGER

RISK MANAGER

: Expert

: Extreme - I love it!

:

More than 7 years

Leader

Leader

: Expert

: Extreme - I love it!

:

More than 7 years

FACILITATOR

FACILITATOR

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Planner, Business-oriented, Negotiator, Creative, Problem Solver

Online Presence

Yasser ElGaabirywww.yasser-elgaabiry.com

I can deliver elevated growth leves.

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