Farid Ahmed Abu Elshaikh

DIRECTOR OF FINANCEFull Time

• Job Details:Developed/implemented financial policies inclusive of dividend policy and capital structures, procedures and guidelines to ensure smooth cash flow, streamline budgets and established stringent time frames and guidelines to monitor and control business transactions and processes. • Managed/controlled financial resources of organizations and development projects, developed and implemented the internal control of the division thus delivering full spectrum of finance and accounting functions. • Administered a spectrum of financial activities pertaining to auditing, internal control system evaluation and financial statements analysis in compliance with IFRS regulations, government laws and international accounting standards. • Prepared financial control over Le Meridien - Cairo hotel operations, streamlined/controlled budgeting process, ensured its timeliness, accuracy and consistency, analyzed variances and suggested corrective actions for the same. • Developed, recorded and implemented an accounting manual system and procedures, established/ enhanced strong systems/ processes in line with business needs, assessed /evaluated expansion opportunities, formulated business proposals, facilitated financial analysis as required and provided accurate management reporting Examined capital projects, documented total cost, return on investment, administered planning, accounting, financial controls, treasury, procurement and facilities management functions to maximize the financial return/profit for the company. • Prepared and reviewed Profit and Loss and associated financial statements including balance sheets, income statements, statement of change in financial position, budget to actual variances other cost-benefit analysis and drafted financial management reports as per organizational policies and procedures. • Recommended strategies to achieve their financial goals and objectives, including specific recommendations in areas such as cash management, insurance coverage and investment planning • Kept abreast of all pertinent legislation, rules, regulations and court decisions that may relate to organizations financial affairs functions.