Fouad Farrag Rashed

Budget, Reporting & Financial Control ManagerFull Time

• Job Details:Developing a 5-year budget and preparing monthly comparison reports between Actual and Budget for Income Statement (IS), Balance Sheet (BS), and Cash Flow (CF).  Generating monthly financial KPI reports and analyzing financial ratios while reviewing and auditing monthly financial statements based on sample entries.  Revising costing and revenue systems, ensuring agreed policies and procedures are followed to achieve higher data accuracy that supports financial analysis reports.  Creating monthly reports that assist management in making necessary decisions.  Collaborating in supplier negotiation committees, successfully extending Days Payable Outstanding (DPO) from 21 to 75 days and reducing COGS to Sales ratio from 85% to 81%.  Preparing Monthly Cash conversion Cycle and helping management to control the cash.  Adjusting the accounting tree with cost centers to improve reporting and budgeting, while incorporating provisions such as End of Service (EOS), Zakat, and stock loss and slow-moving inventory to provide more accurate data.  Expanding treasury operations from two to eleven stores within two years, managing cash flow effectively to support strong expansion plans.  Organizing training for the Finance team to enhance their capabilities in alignment with the new company vision.  Leading the integration of a new ERP system to facilitate improved reporting and budgeting processes.  Monitoring monthly VAT declarations, calculating monthly Zakat, and coordinating yearly reviews with the Zakat authority.

Finance ManagerFull Time

• Job Details:Managed all tax-related activities, including reviewing and submitting tax documents.  Ensured the collection of accounts receivable for VISA, cash deposits, and cash in transit, while reviewing monthly reconciliations.  Verified purchase orders and invoices against warehouse receiving lists to confirm inventory receipt before processing supplier payments by agreed due dates.  Coordinated preparation of shipment documents and facilitated opening of Letters of Credit (LC) or Import Documentary Credits (IDC) with banks.  Monitored daily cash balances and conducted cash management to maximize profitability with banking partners.  Calculated monthly Cost of Goods Sold (COGS) for stores and compared results with gross profit reports, delivering insights to the General Manager.  Prepared monthly financial statements and income statements, reporting outcomes to the General Manager.

Finance ManagerFull Time

• Job Details:• Taxes: Responsible for Integrating the new electronic invoice with the POS system, and handling the tax inspections. • Accounts receivable: Ensure collection for VISA, Cash deposit and Cash in transit also review the monthly reconciliation. • Accounts payable: Reviewing the PO’s and invoices with receiving list from Warehouse to make sure inventory received before preparing the Supplier payment with the due date as agreed. • Treasury: responsible for preparing the shipment documents and open even LC or IDC from bank. Also reviewing the daily balances and doing a cash management to make sure higher profitability with the bank. • Costing: Doing monthly calculation for COGS store with and compare report the G. Profit report to GM. • General Accounts: Doing monthly Template for two companies, doing yearly budget and compare monthly between the actual and budgeted figures. With the calculations of CM and EBITDA.