Basic Info

Ahmed Megahed

More than 15 years

Alexandria, Egypt

Bachelor's Degree

Manager

Work Experience

Cluster Working Capital Manager at Maersk Line For Shipping

Experience Details

Cluster Working Capital Manager

Accounting/Finance

Manager

Scope: Egypt, Lebanon, Libya & Syria.

Leading of 12 direct reports including freight cashiers and credit controllers across 3 branches in Egypt plus Libya & Syria through third party agents with following key responsibilities:

- Full responsibility of managing the role of Finance Customer Relationships including regular visits to the customers especially the VIP and credit customers.
- Ensure timely handling of customer escalations or Global Shared Service Centre escalation requests.
- Managing all the offshore activities for the receivables accounts related to Egypt cluster to our Global Shared Service Centre team in Manila (Philippines) within the global offshore projects (One Team Finance) and Finance Transformation.
- Manage team of local callers, credit & risk team and customers’ visits team.
- Be the first point of contact with Sales and Customer teams to drive improved working capital performance in the cluster.
- Direct senior management focus onto areas that require working capital improvements, recommend means to change and drive DSO and DPO improvements.
- Responsible for due diligence and risk assessment processes for managing the customer credit in line with the corporate credit policies.
- Contribute to the improvement of invoice management procedures.
- Build strong customer relationships and customer satisfaction in invoicing.
- Be an active stakeholder of the invoice quality improvement / process improvement with our customers, driving implementation of invoicing improvement projects.
- Remote management for the Accounts Receivables in Libya & Syria through regular interaction with our 3rd party agents in these 2 counties to ensure timely collections with legal documentation.
- Ensure adequate controls of financial and timely, high quality operational processes are in place partly through the Control Dashboard.
- Identify and drive implementation of new or changed Finance processes and methods that can improve efficiency, accountability and visibility in the working capital areas especially the receivables accounts.
- Lead, coach and develop the department and the employees in order to increase engagement and efficiency.

Specific areas of my responsibility as Working Capital manager in Maersk Egypt:

* Reduce Overdue: Improve working capital by clearing ageing freight invoices and credit memos through close follow-up with customers (dunning letters) and internal teams (Customer Service and Sales teams) including follow-up on the disputed invoices.

* Business Continuity: Ensure personal development plans are updated for the team including progress reports towards realizing development goals and active monitoring of super users participation in online forums.

* Third Party Agents: Ensure accurate and timely reconciliation of 3rd party agents balance for Syria and Libya by following up with agents for timely collection and update of outstanding invoices.

* Control Environment: Improve control framework across all areas under working capital for Egypt, Syria and Libya by partnering with the Cluster Controller to identify risk areas, raise employee awareness about control risks, conduct spot checks and provide recommendations.

* Finance Transformation Successful Implementation: Ensure One Team Finance offshore project and Finance Transformation project ended successfully for Egypt cluster through co-ordination with various stakeholders in that regard, i.e. Project manager, Global Shared Service Centre development manager and CFOM plus relevant parties involved in the various processes and arrange the needful change management to accommodate the new global finance strategy to give more empowerment for the Global Shared Service Centre team to handle the transactional tasks and free-up the hands for the local frontline employees for more important business finance responsibilities.


Company Details

Maersk Line For Shipping

Egypt

More than 1000 employees

Transportation

www.maerskline.com

Apr 2010 to present (7 years 6 months)
Accounts Receivable Manager at Maersk Line For Shipping

Experience Details

Accounts Receivable Manager

Accounting/Finance

Manager

- Design the processes for the Accounts Receivable to drive the performance for the freight cashiers and credit control to achieve the desired collection targets.
- Build and maintain close links with all customers, to ensure smooth running of accounts and encourage timely recovery of payments and maintain accurate records of all chasing activity.
- Maintaining Credit Control reports accuracy & fully analyzing Customer's financial liabilities.
- Respond to line manager for the special assignments and projects and facilitate the implementation within the Accounts Receivable team.
- Arrange the needful process to ensure the timely and accurate updates of the payments received from the customers for their invoices and establish the control environment and process for monitoring the quality of these postings in SAP system.
- Monitor the freight outstanding status for the cash & credit customers.
- Monitor the Detention & demurrage outstanding amounts.
- Monitor the DSO, ADL and Overdue results and ensures meeting the targets.
- Responsible for SAP system implementation and Customers Master Data configuration for the Accounts Receivable in Egypt, Lebanon, Libya & Syria.
- Act as SAP system Super -User and assist the end users in solving system issues
- Monitor the performance for the freight cashiers and credit controllers and ensure high productivity and efficiency
- Set the appropriate measurements to drive the performance and achieve the monthly and annual targets in DSO and Overdue.


Company Details

Maersk Line For Shipping

Egypt

More than 1000 employees

Transportation

www.maerskline.com

Apr 2008 to Mar 2010 (1 year 11 months)
Chief Accountant and Head of Treasury section at Maersk Line For Shipping

Experience Details

Chief Accountant and Head of Treasury section

Accounting/Finance

Manager

- Responsible of all the treasury tasks i.e. cash management of all in and outgoing cash to be done through the banks or the petty cash.
- Manage the relationships with the organization’s financial service providers; including banks, Maersk Group Treasury, and other stakeholders.
- Evaluate, develop and implement cash management systems to optimize efficiencies.
- Obtain cost leadership within the financial transactions by reducing bank charges and optimise the financial income from surplus funds.
- Arrange timely and accurate forecast for the cash in the banks.
- Manage the negotiations with the banks for time deposits rates and interests and arrange the needful control environment for handling block/unblock the time deposits creating effective process.
- Handle and follow-up the bank guarantees to be issued to the governmental authorities and the port terminals.
- Prepare bank reconciliations for the bank accounts.
- Ensure that daily collection reports are signed as checked and filed in accordance with the local and global processes.
- Act as Oracle system Super -User and assist the end users in solving system issues and extending my support to the other users in Mediterranean region.


Company Details

Maersk Line For Shipping

Egypt

More than 1000 employees

Transportation

N/A

Apr 2006 to Mar 2008 (1 year 11 months)
Senior Accountant at Maersk Line For Shipping

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

Manage and responsible for all the financial activities in the branch including supervising the freight cashiers for collecting the due money from the customers and monitor the outstanding reports and arrange the needful actions to clear the old overdue amounts. Responsibility comprised several business units (Maersk Line, Safmarine Line, Maersk logistics).


Company Details

Maersk Line For Shipping

Egypt

More than 1000 employees

Transportation

N/A

Aug 2003 to Mar 2006 (2 years 7 months)
Accountant at Maersk Line For Shipping

Experience Details

Accountant

Accounting/Finance

Entry Level

N/A


Company Details

Maersk Line For Shipping

Egypt

More than 1000 employees

Transportation

N/A

Sep 2001 to Jul 2003 (1 year 10 months)
Accountant at Safmarine Line For Shipping

Experience Details

Accountant

Accounting/Finance

Entry Level

N/A


Company Details

Safmarine Line For Shipping

Egypt

More than 1000 employees

Transportation

N/A

Jun 1998 to Aug 2001 (3 years 2 months)

Achievements


Major Achievements: - Excellent management of Working Capital related issues in countries under my scope leading to the best ranking in the Mediterranean Region. - Drive implementation of reviewed Finance processes and methods improving efficiency, accountability and visibility in the working capital areas. - Direct Senior Management focus onto areas that require working capital improvements, recommend means to change and drive DSO and DPO improvements. - Drive Improvement of invoice quality further Green Belt project using the methodology for Lean & Six Sigma to reduce the waste in the process. - Build strong customer relationships and improvement of customer satisfaction. - Lead, coach and develop direct reports via regular coaching sessions and Personal Development Plans to increase their engagement and efficiency.

Education

College Diploma in Business Administration

Education Details

College Diploma

Business Administration

Suez Canal University, Egypt

B / Very Good / 75 - 85%

N/A

N/A

Suez Canal University
1996 - 1997
BA in Commerce & Accounting

Education Details

BA

Commerce & Accounting

Suez Canal University, Egypt

B / Very Good / 75 - 85%

N/A

N/A

Suez Canal University
1992 - 1996
High School - Thanaweya Amma

High School Details

Thanaweya Amma

Port Said Military High School

Egypt

1992

B / Very Good / 75 - 85%

N/A

Port Said Military High School
1992

Certifications

Certificate details

Six Sigma Green Belt

May 2010

N/A

N/A

N/A

Maersk Process Ecellence Aademy

Projects Management

Training and Courses

Training/Course Details

Leading Others program

Jan 2010

tnmcoaching

N/A

Training/Course Details

Situational Leadership program

Aug 2010

KenBlanchard

N/A

Training/Course Details

Coaching for performance and development program

Jun 2012

KenBlanchard

N/A

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Profile Skills and Keywords

AccountantAccountingAccounts Payable ManagementAccounts Receivable ManagerAccounts Receivables ManagementAnalyticalArabicBusiness AdministrationChief Accountant And Head Of Treasury SectionCluster Working Capital ManagerCoaching For Performance And Development ProgramCommerce & AccountingCustomer-orientedEnglishFinanceFinance TransformationHard WorkerInsuranceLeading Others ProgramMicrosoft ExcelMicrosoft OutlookMicrosoft PowerPointMicrosoft ProjectNegotiatorProject ManagementProjects ManagementReadingSAP SoftwareSAP System ImplementationSenior AccountantSituational Leadership ProgramSix Sigma Green BeltTeam PlayerTransportationTravellingTreasury And Cash Management

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

SAP Software

SAP Software

: Expert

: Extreme - I love it!

:

More than 7 years

Project Management

Project Management

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft PowerPoint

Microsoft PowerPoint

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Project

Microsoft Project

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Outlook

Microsoft Outlook

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Advanced

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

Accounts Payable Management

Accounts Payable Management

: Expert

: Extreme - I love it!

:

More than 7 years

Accounts Receivables Management

Accounts Receivables Management

: Expert

: Extreme - I love it!

:

More than 7 years

Treasury and Cash Management

Treasury and Cash Management

: Expert

: Extreme - I love it!

:

More than 7 years

Projects Management

Projects Management

: Expert

: Extreme - I love it!

:

5-7 years

SAP system implementation

SAP system implementation

: Expert

: Extreme - I love it!

:

5-7 years

Finance Transformation

Finance Transformation

: Expert

: Extreme - I love it!

:

1-3 years

Key Skills

Analytical, Hard worker, Negotiator, Customer-oriented, Team Player

Online Presence

https://www.linkedin.com/in/ahmed-megahed-00b46837

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