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Sadek Seyam

Finance Director at NUMOU Investment Group –AL BASSAMY

New Cairo, Cairo, Egypt

Work Experience

  • Finance DirectorFull Time

    NUMOU Investment Group –AL BASSAMY

    Jan 2016 - Present -9 yrs, 5 months

    • Job Details:Structured and streamlined day-to-day operations resulting in a more accurate and timely financial decisions using ERP system.· Rebuilt the finance function, implemented formal budgeting, forecasting and reporting systemsto measure and communicate performance in monthly financial reporting meeting.· Managed all day-to-day banking, treasury, and operating cash flow activities. · Assembled and led a "leadership team" composed of key representatives from each department to meet weekly as need for strategic planning and achieving business objectives. · Designed and implemented a new internal financial reporting structure, utilized for enhanced forecasting and management of the gallery's cash flow and working capital. · Worked with IT on the design of the ERP system, creation and roll-out of Workflow, as an automated, time saving, and documentation process for all company functions. · Designed and implemented a new billing process to ensure efficiency, accuracy and minimize issue date from 10th day of month to 4th day.
  • Financial ManagerFull Time

    Abdullatif Alissa Group. K.S.A

    Sep 2014 - Jul 2016 -1 yr, 10 months

    • Job Details:Planed, organized and directed the whole cost activities function. Supported monthly closing process, preparation of journal entries and compilation of financial statements.· Consolidated all data generated by the Accounting, HR, and rest of departments across company to issue a meaningful management report (Financial and nonfinancial information) to support in decision making and monitoring performance.· Worked with Project Managers, Project Controllers and Sales Department to accurately forecast timing and amount of future cash flows and monitor performance Vs budget continuously so that the business is aware of anticipated costs.· Directed cash management operations to include daily cash administration, management of current accounts and bank relations, ensuring financial obligations are met in accordance with company policies and procedures. · Supported the management through organizational change by giving continuous strategic recommendations to optimize of accounting systems, processes and practices based on identified areas of improvement.· Coordinated with the Controller, Director of Construction, and the CFO, to prepare the annual budget
  • Corporate Costing Manager,Full Time

    SFOUR CRYSTAL International CO.,

    Apr 2012 - Aug 2014 -2 yrs, 4 months

    • Job Details:Corporate labor Cost for over 35,000 employees and relation between performance measures and employees output to maximize business value. · Developed and maintained cost accounting system for Maintenance Services of 850 productivecells (each cell contained approximately 5 production lines) · Led and supervised a finance team of 20 section heads and senior accountants. · Controlled inventory costs for 70 stores, manufacturing costs of machinery and equipment produced internally in addition to Corporate material efficiency purchases, inventory levels anduse capacity utilization. · Developed production reports which analyzed all production issues as part of the costing cycle.· Developed new costing systems suitable for overhead costing & mid production. · Prepared manuals and trained workers in use of new forms, reports, procedures or equipment, according to organizational policy
  • Group Costing & Budgeting Section HeadFull Time

    AMIANTTIT-Egypt

    Feb 2008 - Mar 2012 -4 yrs, 1 month

    • Job Details:Developed condensed and comprehensive set of monthly financial report that analyzed the actual company performance compared with company strategy and objectives · Conducted and documented complex operational and performance analysis, top level analysis of plans, peer group analysis, production cost and efficiency analysis, then tracked all performance against business plan and market dynamics. · Played a key role in determining and developing new processes and reports and had the opportunity to obtain a broader business understanding while adding value through insightful, pro-active analysis and reporting. · Established and maintained effective financial processes throughout the company · Worked with planet managers, purchase manager and warehouse manager on long range planning and monthly projections required. · Prepared annual Budget and forecast, financial plan and statistical reports. · Managed the financial reporting to the CFO
  • Education

    • Master's Degree in Accounting

      Ain Shams University (ASU)

      Jan 2014 

    • Bsc in Accounting

      Al Azher

      Jan 1995 - Jan 1999 - 4 yr

    Achievements

    •Generates figures and data from the finance system which will help in the formulation of company budget (Midyear & Annual). • Designs policies and procedures to improve work performance directly of the Department. • Subsequently reviews existing department policies to check if updated or relevant with the present business environment and make recommendations whenever necessary. • Made suggestions and assisted in cross company plans, New product,new Protect • Led the in-house team to implement the company's ERP system that resulted in 50% cost savings

    Skills

    Languages

    • Arabic

      Fluent
    • English

      Advanced
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