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Yasser Reda ElGaabiry-CPA-MBA

Committed To Excellence

Maadi, Cairo, Egypt

Work Experience

  • Group Chief Financial and Administration Officer Full Time

    Nile Waterproofing Materials Company (BituNil).

    Apr 2016 - Present -9 yrs, 3 months

    Egypt , Cairo

    • Job Details: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.
  • Chief Financial OfficerFull Time

    Nile Union Meat Company / Superfoods Company -Kato Group Related Party

    Feb 2012 - Apr 2016 -4 yrs, 2 months

    Egypt , Giza

    • Job Details: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.
  • Financial Controller - CFOFull Time

    United Technology Corporation (Otis Elevator Company)

    Mar 2010 - Feb 2012 -1 yr, 11 months

    Saudi Arabia , Jeddah

    • Job Details: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.
  • Financial Controller - CFOFull Time

    National Food Company - Kato Group / Alain Food and beverges (Agthia)

    Mar 2002 - Mar 2010 -8 yrs

    Egypt , Giza

    • Job Details: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
  • Education

    • Doctorate Degree in Finance and Investment

      Cairo University (CU)

      Jan 2016 - Jan 2020 - 4 yr

    • MBA in Financial Management

      Arab Academy for Banking and Financial Science

      Jan 2004 - Jan 2006 - 2 yr

    • BS in Accounting

      Cairo University (CU)

      Jan 1992 - Jan 1996 - 4 yr

    Achievements

    • 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%.

    Skills

    Languages

    • English

      Fluent
    • Arabic

      Fluent

    Training & Certifications

    • • Auditing Real-World Frauds

      AICPA·2014
    • Toefel

      2012
    • Ethics and Business practices & Applying Risk Assessment Standards& Project Management

      UTC·2010
    • CPA

      AICPA- USA·2008
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