Emad Mohamed Osman
Group Financial Controller at Kudu for Food and Catering
New Cairo, Cairo, EgyptWork Experience
CfoFull Time
Aseer Company for Trading, Tourism, Industry, Agriculture, Real Estate & Contracting
Jun 2019 - Present -6 yrs, 2 months
Group Financial ControllerFull Time
Kudu for Food and Catering
Apr 2015 - Present -10 yrs, 4 months
Saudi Arabia , Riyadh
- Job Details:Kudu (+5000 employees) is more than 370 restaurants business with meat factory facility and Bakery facility. Kudu is wholly owned by TPG Capital and Abraaj Capital • Manage the transition from GAAP to IFRS including advising, leading the understanding of regulatory of IFRS changes, reviewing company accounting transactions, training finance team, gap assessments, data integrity, information technology effect and update business leadership on IFRS matters. • Upgrade ERP system Oracle to final version, upgraded POS system Aloha inside the restaurants and applied business intelligent tools to show all financial results, daily restaurant transactions, restaurants PL and budgeting variance • Leads the preparation of the annual budgets, budget forecasts, business plans, financial information, commissioning aspects, pricing strategies, debt financing and make sure that all business development have been reflected to budget transactions and budget outcome. • Ensure timely reviewing market research presentations, overview recent research data, accurate marketing retail activities and as business partner make sure that all findings have been highlighted to operation team and management on monthly basis with full recommendation to overcome any topline variances. • Leads the preparation of the annual, quarter and monthly financial reports. Ensures that all financial accounts are produced, signed consistent with IFRS requirements. • Focus on business analysis, revenue growth, monthly reconciliation outcome, protentional market opportunities, all necessary acquisition, investments, maintaining the company at the highest level of controls and audit standards. • Monitoring the inventory costing activities inside the stores, monitor bakery facility production, supplier contracts, operational support, cost benefit analysis, cost reduction, cost control, home delivery service performance, segmentations performance, meat factory contracts, pricing and franchise licenses. • Overall accountability for the integrity of the group balance sheet and income statement and ensuring that there are appropriate control processes in place that these are complied with each ledger account and according to accounting standards. • Supervising the payroll accounting activities, AP, payments, AR, provisions, accounting transactions, financial activities and ensuring their completion in an accurate and timely manner. • Ensure compliance with all laws and regulations affecting the company to avoid any risk-taking issues in coordination with leadership and internal stakeholders. • Compliance with FCPA, Anti-Bribery and Anti-Corruption act requirements of the countries of operation. • Oversee the tax planning for efficient repatriation of funds, optimization of withholding tax, VAT and other taxes. Monitoring changes in Zakat and Tax regulations and practices. • Project leader of IFRS conversion Y2017-Y2018 and VAT project implantation Y2017. • Oversee the group’s day to day treasury function, maintains the delegation of authority matrix, bank signatory matrix, manage cash flow, eliminate petty cash inside organization, create policy & procedures for the group, cash management, manage bank accounts, commercial banking, hedging strategy, cash collection cycle, financial forecasts, supervise working capital and highlighted to stakeholder. • Facilitate the development of finance department mission, finance business, re-organize the finance department to reflect a new era, finance strategic thinking and create new restructuring with well-functioning. Collaborative on team dynamics, key performance indicators, excellent recruiting process, achieve tight deadlines, capability framework, evaluation process, increase the ability to prioritize, spread confidence attitude, team training, allowing a faster response time by finance members, focus to create lean finance department to using analytical and problem-solving skills to deliver consistent and strategic sustainable solutions.
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Education
Master's Degree in Finance
Maastricht School of Management (MSM)Jan 2009
Languages
Arabic
FluentEnglish
Fluent