
Wael Mohamed Samir
Finance Manager at Middle East Chemicals
6th of October, Giza, EgyptWork Experience
Finance ManagerFull Time
Middle East Chemicals
May 2017 - Present -8 yrs, 1 month
Egypt , Giza
- Job Details:Current Scope and Responsibilities External Financial Reporting – Monitoring and maintaining reliability of Financial Reporting through full set of financial statements including balance sheet, income statement, statement of changes in equity, statement of cash flows, valuation of assets and liabilities, revenue recognition, income measurement Planning, Budgeting and Forecasting – including cash flow forecast . Internal Controls – Ultimately responsible for establishing and maintaining a solid internal control structure as delegated by Top Management in terms of effectiveness and adherence through which objectives at Financial , Operational and compliance level to be achieved Financial Statement Analysis – Important ratios and other analytical tools used to evaluate financial health including ROI & RI along with measures assessing Leverage, activity, Liquidity position on a regular basis in addition to Profitability analysis including identifying breakeven points and required margin of safety. Working Capital Management – Close monitoring of operating and cash cycle in terms of DSO – DPO and inventory days with the objective of minimizing cash cycle in alignment with industry average and limit exposure to O.Draft usage and relevant financing costs
Finance HUB Lead , Associate DirectorFull Time
MERCK SHARP & DHOME , MSD
Feb 2012 - Apr 2017 -5 yrs, 2 months
Egypt , Cairo
- Job Details:Nile HUB is a LMM project and one of the strategic initiatives in Merck’s Finance Transformation Journey. The Finance Transformation vision is to achieve best-in-class efficiency by leveraging automation and standardized processes, and focusing the organization on high value-add activities Main Objectives: • Harmonize, standardize, and simplify the purchasing and transactional (Source-To- Settle / STS and Accounting To Reporting / ATR ) activities in MSD Middle East and North Africa Countries Under Scope : Egypt , UAE , OMAN , Bahrain , Qatar , Lebanon , Jordon , Iraq , Saudi Arabia , Morocco , Tunisia and Algeria • Focus particularly on ensuring compliance throughout the End-to-End / Source to Settle process • Ensure the successful transition and centralization of Financial transactional activities into a unique location following LMM guidelines (Nile Hub) for Middle East and NWA countries
Accounting and Financial Compliance ManagerFull Time
- Job Details: Supervise the monthly and year end closing and financial statements preparation. Monthly and year end SAP reporting submission to headquarter. Budget preparation. Variance analysis. Profitability and sales turnover analysis Ensure effectiveness of internal controls and ensure adherence thereto. Staff performance evaluation based on predetermined objectives and KPIs. Provide timely and relevant information for decision making purposes. Cooperate and interact with internal and external auditors and ensuring the on time delivery of audit reports
Group Accounting Department HeadFull Time
GB Auto Group
Aug 2009 - Aug 2010 -1 yr
Egypt , Cairo
- Job Details:• Supervise monthly preparation of single and consolidated financial statements for GB Auto Group (12 Companies) while ensuring meeting reporting due dates. • Responsible for ensuring compliance with accounting standards all over the group. • Cooperate and interact with internal and external auditors and ensuring the on time delivery of audit reports • Business units financial performance evaluation and applying comparative financial ratios • Monthly preparation of financial reconciliations including inter company transactions. • Managing and supervising finance department staff of accounting managers , section heads , senior accountants and accountants (Twenty five subordinates including four general accounting , consolidation and banking managers ) • Preparing, maintaining and updating accounting cycles including setting internal control processes.
Education
CMA in Management Accounting
American Institute of Certified Management Accountants , NJ , USAJan 2007
Bachelor's Degree in Accounting - Finance
Cairo University (CU)Jan 1993 - Jan 1997 - 4 yr
Skills
- Communication
- Leadership
- presentation skills
- punctuality
- self disciplined
- project management
- financial statements analysis
- annual budget preparation
- working capital budget
- cash cycle management
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Languages
English
FluentArabic
Fluent