Maged Tadros Awad

Chief Financial OfficerFull Time

• Job Details:Hired to direct the financial planning, accounting practices and asset management of the organisation. Additionally, directs and manages the relationships with banks/lending institutions, shareholders, and the financial community by performing the required Management, Leadership and Financial Operations and Reporting responsibilities personally, through subordinate managers, and/or through supervision of outsourced contracts designated to perform scopes of work relates Notable Achievements: • Scrutinized and established product line gross profit margins, reduced SG&A expenses and head count. • Generated $1.5 million in cash from working capital in the first 8 months post acquisition by accelerating billing, improved collections and extending vendor payment terms. • Early settled a 3 years medium term bank loan in 12 months resulting reduction of interest cost by 16% annually. • Negotiated with insurance company and generated competitive bids to reduce insurance cost $20,000 annually, a 15% savings. • Rebuilt the finance function, implemented formal budgeting, forecasting and reporting systems to measure and communicate performance results internally, to the board of directors and investors. • Managed all day-to-day banking, treasury, and operating cash flow activities for effective financial planning. • Consolidated departmental responsibilities and streamlined accounting system, reducing staff from 450 to 320, saving $105,000 annually. • Reduced time necessary to file quarterly and annual payroll tax returns, monthly, quarterly and annual financial statement from 30 to 15 days.

Chief Financial OfficerFull Time

• Job Details:Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Oversee general accounting functions, including AR/AP, account reconciliation, cash management, tax and treasury. Administered all financial management systems, evaluating and integrating new applications. Developed highly skilled accounting and financial management team to achieve established objectives. Interacted with the Board of Directors and President concerning financial forecasts and reports. Notable Achievements: • Drove the finance agenda and getting the basics rights, restructured the finance team by activity / location, fostering a collaborative environment that improved productivity, individual accountability and team morale. • Revamped G/L financial systems, reports with IFRS standards and schedules to improve forecast precision and stereotype reporting procedures. • Played essential role with banks for applying Short and Medium term facilities with competitive rates. • Acted as a finance process lead in ERP system's implementation where we had to reflect on the business processes, streamline, simplify and stereotype the way of doing business. • Completed Auditing field on time and play essential role of smoothing Tax inspections on yearly basis position until Year 2012. • Served as key leader in effectively managing 25% annual revenue growth, promoted figures from $53 Million to $130 Million through 4 years. • Completed comprehensive valuation analysis and KPI figures for Omatra Middle East group. • Played essential role in the due diligence with Al Futtaim Group which was crucial for their acquisition to Omatra Group with $135 Mil. • Completed all financial categories of AR system to matches with actual contracts which reduce our AR days on hand from 286 to 91 days and accelerate AR turnover. • Slashed more than $40,000 in annual expenses through identification of inaccurate and unnecessary vendor payments. • Worked with local Executive Committee members, moved the business to hit the global overhead benchmark of 6% and turned around working capital into a sustainable negative zone generating substantial cash flow in recession times. • Accelerated monthly closing lead time from 4 days to 1 day (same day).

Accounting Manager / Deputy Finance ManagerFull Time

• Job Details:Hired to maintain full charge of all accounting functions for company's second largest plant including Cost Accounting, Accounts Payable, Accounts Receivable, General Ledger, Financial Reporting, Fixed Assets, Inventory Control, and Payroll. Manage staff of 5. Work closely with business managers to review costs, reconcile variances and identify areas for productivity and cost improvement. Notable Achievements: • Developed and implemented schedules pertaining to the preparation of account books. • Directed Accounts Payable staff to identify cost savings related to payments, recognizing a 14% increase in discounts earned. • Conducted internal checks prior to audit to resolve any discrepancies • Prepared quarterly statements and filed tax statements • Scrutinized financial accounts to provide detailed reports of fiscal health to senior management. • Recruited, trained, evaluated, and promoted employees in the department. • Developed and implemented comprehensive annual budgets, and provided accurate and timely monthly reports to control budget overruns.