
Magdy Kamel
Head of finance at Elsewedy Electric for Infrastructure
New Cairo, Cairo, EgyptWork Experience
Head of financeFull Time
Elsewedy Electric for Infrastructure
Sep 2021 - Present -3 yrs, 10 months
- Job Details:Strategic planing Budgeting and reporting Finance and control Cash management Leadership team
Head of FinanceFull Time
Almunif for Plastic Pipes in KSA – Riyadh
Apr 2018 - May 2019 -1 yr, 1 month
Saudi Arabia , Riyadh
- Job Details:A key member of the Executive Management team, report to the President and play a strategic role in the overall management of the company. Have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company. Achievements: 1) Lead the company’s conversion from Saudi local accounting standards to IFRS as endorsed by KSA for listed and unlisted companies. 2) Accomplish the first time VAT implementation in KSA, running system smoothly and completeness. 3) Improve the companies’ liquidity and financial position by reviewing and restructuring bank debts, credit limit for customer and vendor’s payment terms as well. Job Duties: Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives. Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion. Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives. Job Duties: Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives. Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion. Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives. Job Duties: Develop finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives. Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion. Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives. Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate IFRS, regulatory requirements, and Office of Management and Budget audit requirements. Maintain internal control safeguards and coordinate all audit activities.
CFOFull Time
Elsewedy Electric (SEDCO Group).
Apr 2014 - Mar 2018 -3 yrs, 11 months
Egypt , Cairo
- Job Details:Have a direct responsibility for accounting, finance, forecasting, strategic planning, job costing, property management, partnership compliance and private and institutional financing. Scope of Responsibilities: 1-Finance, Treasury & Tax Division 2- IT Support and help desk Mgt. 3-ERP System and System Development Mgt. 4-Compliance & Internal Control Mgt. Achievements: 1-Set, define and announce my own strategies in line with the companies strategies and vision. 2-Assess and improve the “As Is” company’s processes, policies and procedures. 3-Restructuring the Finance division based on the new situation & growth of business. 4-Create a new Internal control environment. 5-Running the AX Microsoft new ERP system in 4 organizations. 6-Set up a solid business plan and its criteria. (Done on the group level) Job Duties: Ensure that effective internal controls are in place and ensure compliance with EAS and IFRS, Local regulatory laws and rules for financial and tax reporting. Manage information technology function (IT & IST) to procure specialized finance IT systems that meet the needs of the organization. Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics both internally and externally. Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts. Provide recommendations to strategically enhance financial performance and business opportunities. Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with the investment community. Provide executive management with advice on the financial implications of business activities.
Finance ManagerFull Time
SCHNEIDER ELECTRIC
Apr 2005 - Mar 2014 -8 yrs, 11 months
Egypt , Cairo
- Job Details:I was responsible for the overall supervision of the company’s accounting and controlling functions; ensuring that the regulatory requirements of all statutory bodies and the group rules are met regarding all the company’s financial affairs; Based in Cairo, Egypt Achievements: -Setting and launching the company Accounting Policies and Procedures -Running a new system for Fixed Assets Count using Bar Code Tagging System -Improving Cash Management (Maximizing Cash Returns and Minimize Cost of Cash) -Implementing SAP as a new system in 2007
Education
MBA in Finance
Madina AcademyJan 2017 - Jan 2020 - 3 yr
Bachelor's Degree in Business
Helwan UniversityJan 1997
High School - Thanaweya Amma
St. George SchoolJan 1997