Basic Info

Hatem Ali, CMA

13 years

Cairo, Egypt

Master's Degree

Manager

Work Experience

Financial Controller at Glenmark Pharmaceuticals Egypt

Experience Details

Financial Controller

Accounting/Finance

Senior Management (e.g. VP, CEO)

•Manage month end reporting process and comparing actual results against the budget, analyzing the deviations and recommending action plans.
•Provide consolidated financial results on quarterly basis.
•Direct and coordinate company financial planning and budget management functions.
•Recommend and implement benchmarks for measuring the financial and operating performance of divisions and departments.
•Monitor and analyze monthly operating results against budget.
•Oversee daily operations of the finance department.
•Administer the cash flow to minimize the finance cost.
•Manage the preparation of the official annual complete set of Financial Statements.
•Manage the quarterly external audit reviews and the year-end financial audit on-time.
•Manage the preparation of financial outlooks, financial forecasts and cash periodical planning.
•Ensure compliance with the parent company’s budgetary reporting requirements.
•Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
•Continual improvement of the cash conversion cycle (CCC) by controlling the receivables, payables
•Close follow up on the receivables collection and usage of inventory to minimize any possible provisions for the doubtful debts and slow & obsolete inventories
•Manage relations with tax & social insurance authorities and making sure that all statutory compliances requirements are met.


Company Details

Glenmark Pharmaceuticals Egypt (multinational)

Cairo, Egypt

11-50 employees

Pharmaceuticals

http://www.glenmarkpharma.com/GLN_NWS/homepage.aspx?res=P_GLN

May 2015 to present (2 years 6 months)
Finance Manager at Arrow Food Trading Egypt

Experience Details

Finance Manager

Accounting/Finance

Manager

•Manage all accounting functions within the Finance Department (General Ledger- Costing- Accounts Receivable- Accounts Payable- Inventory- Fixed Assets)
•Ensure accurate and timely generation of financial statements and regulatory reports required by laws, regulations, and boards of directors.
•Review balance sheet reconciliation on a monthly basis.
•Coordinate with external auditors to facilitate their review of financial statements.
•Develop financial policies & procedures and update them according to business needs to maintain controlled workflow.
•Review the chart of accounts for Group reporting, in coordination with the other Finance managers.
•Manage the preparation of the company's budget in coordination with other departments.
•Report to management on variances from the established budget, and the reasons for those variances.
•Manage the preparation of the company's budget in coordination with other departments.
•Assist management in the formulation of its overall strategic direction.
•Liaise with tax advisors to make sure that new tax laws are adopted by the company in the correct manner.
•Set targets for finance department, manage activities according to priorities, select and develop my subordinates, appraise their performance, and motivate them to meet business objectives.


Company Details

Arrow Food Trading Egypt (multinational)

Cairo, Egypt

51-100 employees

Food and Beverage Production

N/A

Sep 2013 to Apr 2015 (1 year 7 months)
Accounting Supervisor at Cargill Trading Egypt

Experience Details

Accounting Supervisor

Accounting/Finance

Experienced (Non-Manager)

- Review monthly financial reports and variances against budgets/forecast for all business units which include (estimate VS actual profit & loss, Short Term Debt position, Forex exposure position, monthly management package and selling & admin expenses).
- Early bird VS actual profit & loss reconciliation.
- Reviewing open contracts & physical stock valuation to make sure it’s accurate & correct.
- Review vessels accrual VS actual expenses and amending accruals if needed.
- Review daily journals and do required corrections.
- Reviewing monthly balance sheet and Profit & Loss reconciliation.
- Provide commercial support to the business through KPI analysis and financial analysis.
- Customer credit limits monitoring.
- Optimize working capital utilization and maximize cash flow generation.
- Manage ongoing development/improvement of internal control, finance policies and procedures.
- Ensuring proper mapping & reconciliation between different accounting systems (AS400 & Cartises)
- Preparing company’s annual budget.
- Ensuring full compliance with internal accounting policies & internal controls.
- Handling both internal & external auditors.
- Working closely with other departments to ensure that all the company’s objectives are met.
- Responsible for hiring, leading and developing a team of one senior accountant & six accountants in terms of soft & technical skills.
- Ad hoc projects as needed.


Company Details

Cargill Trading Egypt (multinational)

Cairo, Egypt

51-100 employees

Agriculture/Fishing/Farming

www.cargill.com

Jul 2006 to Aug 2013 (7 years 1 month)
Senior Accountant at Synovate Egypt

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

- Preparing the ‘’Journal entries, Subsidiary ledgers’’.
- Preparing monthly financial statements trial balance, balance sheet, income statement, Cash flow statement”.
- Monthly analysis of financial statements & key business indicators.
- Preparing monthly ‘’Bank reconciliation’’.
- Issuing invoices & following on collections from customers.
- Maintaining the chart of accounts & making any necessary adjustments to meet business needs.
- Analyzing the accounts of ‘’Receivables, Payables, Accruals, Revenues & expenses.
- Monthly & weekly reporting to the head office.
- Maintaining the ‘’Fixed Assets Register’’.


Company Details

Synovate Egypt (multinational)

Cairo, Egypt

51-100 employees

Market Research

www.synovate.com

Oct 2003 to Jun 2006 (2 years 8 months)
Accountant at Egyptian International Shipping Agencies and Services.

Experience Details

Accountant

Accounting/Finance

Entry Level

- Preparing the ‘’Journal entries, Subsidiary ledgers for bank, cash on hand, sales, A/P, A/R & fixed assets’’.
- Preparing monthly ‘’Bank reconciliation’’.
- Preparing withholding tax form every quarter.
- Preparing payroll tax reconciliation for tax inspection purposes.
- Helping in preparing for tax inspection.


Company Details

Egyptian International Shipping Agencies and Services.

Cairo, Egypt

51-100 employees

Logistics and Supply Chain

N/A

Dec 1999 to Oct 2003 (3 years 10 months)

Achievements


Syria from July 2006 to Jan 2007

Spent six month on an assignment in Syria during the construction of a sugar plant JV in which I was able to establish internal controls, accounting and filling systems, also managed to hire and train a Syrian accountant to be in charge as I was returning to Cairo after concluding the first year statuary audit.

Belgium from November 2009 to June 2010

I spent eight month working with Cargill Texturizing Solutions – CTS – working on their new strategy execution to reduce costs and increase the BU profitability, I was in charge of SG&A reduction initiatives part; responsible for following up on the progress toward achieving our target of 25 million dollar reduction in SG&A for the BU worldwide, two months of this assignment was spent in Cairo and six month was spent in Mechelen, Belgium.



Education

Bachelor's Degree in Accounting

Education Details

Bachelor's Degree

Accounting

Faculty of Commerce, Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Faculty of Commerce, Ain Shams University
1995 - 1999
High School - Thanaweya Amma

High School Details

Thanaweya Amma

El-Kopa High school

Egypt

1995

C / Good / 65 - 75%

N/A

El-Kopa High school
1995

Certifications

CMA
May 2007

Certificate details

CMA

May 2007

N/A

N/A

N/A

N/A

Training and Courses

Training/Course Details

US GAAP

Aug 2008

Ernest & Young

N/A

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Profile Skills and Keywords

AccountantAccountingAccounting SupervisorAdaptiveAgricultureArabicArrow Food Trading EgyptCMACargill Trading EgyptCommunicatorDetails-orientedERPEnglishFarmingFinanceFinance ManagerFinancial ControllerFinancial ReportingFishingFlexibleFood And Beverage ProductionGlenmark Pharmaceuticals EgyptInsuranceLeaderLogistics And Supply ChainMarket ResearchPharmaceuticalsSenior AccountantSynovate EgyptTeam PlayerUS GAAP

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

ERP

ERP

: Advanced

: Extreme - I love it!

:

5-7 years

:

:

:

Fields of Expertise

Accounting

Accounting

: Advanced

: Extreme - I love it!

:

More than 7 years

Financial reporting

Financial reporting

: Advanced

: Extreme - I love it!

:

More than 7 years

Key Skills

Leader, Communicator, Flexible / Adaptive, Details-oriented, Team Player

Online Presence

https://eg.linkedin.com/in/hatem-ali-cma-6091342a

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