
Tamer Mohamed Abomosalam
Services Supply Chain - Global CFO at Ncr Corporation
Maadi, Cairo, EgyptWork Experience
Services Supply Chain - Global CFOFull Time
Apr 2018 - Present -7 yrs, 2 months
United Arab Emirates , Dubai
- Job Details:Hand-picked to lead turnaround of the Services Supply Chain BU whilst maintaining governance/independence standards. US$420M annual budget, US$530M inventory, and 24 international staff. • Comprehensively transformed performance, dramatically improving the accuracy and response time of operational support by focusing on team technical capacity, positive culture change, and the implementation of BI Foundation as a stepping-stone to sustained improvement in reporting and analysis. • Sponsored development of next-generation digital solutions providing competitive differentiation for NCR worldwide. Architected a dynamic and agile supply chain services BU, offering instantaneous modelling/scenario simulations, just-in-time inventory planning providing a US$80M cost benefit, and gold-standard financial planning & analysis. • Designed & lead a Digital Transformation project to move to data-driven environment. Selectively recruited motivated tech-savvy analysts, teaming with Microsoft to lead by example in the marketplace and boosting engagement to consolidate collaboration and relationships with global operations. • Teamed with the Supply Chain Vice President to assess financial performance, P&L, and inventory levels. - Saved >US$60M with improved sales team costings and oversaw a >US$20M inventory reduction. - Devised a global machine servicing strategy saving US$100M in 4 years - Cut supply chain function finance staffing 15%. - Supported a $150M global parts callout translating into US$5M warehousing cost savings. - Spearheaded a robust repair insource vs outsource financial evaluation process offering $30M annual savings. • Utilized BI/data analysis to restructure inventory reserves policies unlocking US$45M and improved modelling to lower the cost base US$5M and slash annual purchases US$30M. • Navigated the impact of the Covid pandemic, supporting management with substantial spending reductions and valuable scenario simulation leading to approval of a US$1B bank borrowing facility. • Maintained robust corporate governance during challenging times, delivering regular forecasts over 4 years with zero audit comments and acknowledgement of the accuracy and visibility of complex reserves calculations.
Global Planning ManagerFull Time
Apr 2012 - Mar 2018 -5 yrs, 11 months
United Arab Emirates , Dubai
- Job Details:Addressed non-standard planning practices and substandard project analysis capacity. Reported to the Services Division Supply Chain Function CFO with the remit to formalize processes that streamlined global planning. • Revamped financial structure and templated documentation, teaming with BU heads to create an activity roadmap crystallizing 99% financial forecasting accuracy over a 30-month period that generated >US$2M benefit. Reprieved the closure of internal repair centers with an improved financial analysis system that lowered costs US$20M and supported expansion of centers to multiple regions worldwide. • Achieved US$500,000 annual savings with improved freight analysis/forecasting and standardized country level reporting that was ultimately cascaded across corporate offices in 68 countries. • Reduced monthly forecasting and reporting processing time from 3 days to 3 hours with standardization and revamped foreign exchange treatments, facilitating dissemination of management information at executive level. • Redesigned annual planning processes to realize more effective information gathering that ultimately led to overachievement of the annual budget underpinned with a US$20M-US$30M reduction in expenses.
Financial & Business Analysis ManagerFull Time
e-finance
Feb 2009 - Mar 2012 -3 yrs, 1 month
Egypt , Giza
- Job Details:Appointed to manage the company investment appraisal process, supporting the Chief Executive Officer with financial presentations to the Board and leading a team of 3. • Standardized financial presentations to the Board and tailored the chart of accounts offering improved transparency and enhanced reporting, budgeting, and planning. • Adopted a balanced scorecard performance management system that delivered clarity on leadership team performance and facilitated Board enquiries regarding commercial outcomes. • Benchmarked the organization to cross-industry performance evaluations and created an efficient investment appraisal system to expedite decision-making. • Gained approval on several proposals for investment exceeding US$100M and laid the groundwork for exponential growth in Egyptian government projects, culminating in the largest IPO in Egyptian stock exchange history.
Education
Bachelor's Degree in Accounting
Cairo University (CU)Jan 1994 - Jan 1998 - 4 yr