Basic Info

Hisham Abdul Shafi

More than 15 years

Cairo, Egypt

Bachelor's Degree

Senior Management

Work Experience

CFO at VCON

Experience Details

CFO

Accounting/Finance

Senior Management (e.g. VP, CEO)

- Partnering the CEO in setting strategy and preparation of long-term business plans for the company.
- Direct and oversee implementation of all non-technical aspects of the strategy and business plans.
- Participate in key decisions as a member of the executive management team.
- Manage relationships with all critical stakeholders (key customers, relevant government departments, suppliers, consultants).
- Oversee preparation of the company annual business plan and budgets jointly with the senior technical managers.
- Planning and monitoring the financial resources of the company to ensure that sufficient funds are available to meet the projects and operations commitments.
- Direct maintenance and implementation of policies and procedures in respect of finance and accounts, human resources and personnel management, administration and information systems functions.
- Direct the day-to-day financial management and accounting, HR, and IT functions.
- Liaise with external and internal auditors, banks, financial, and insurance agencies.
- A business partner to the CEO in measuring and managing Enterprise Risk including strategic, financial, operational, development, and commercial risks.
- Evaluate performance and profitability of the projects on periodic basis jointly with the technical mangers and provide feedback and suggestions.
- Direct and oversee issuance of monthly, quarterly and annually financial statements in accordance with IFRS and local requirements.
- Issue quarterly financial reports including actual vs. budget analysis and management reports.


Company Details

VCON

Saudi Arabia

N/A

Construction - Residential & Commercial/Office

N/A

Nov 2014 to Oct 2016 (1 year 11 months)
Group CFO at Mishnan Holding Co.

Experience Details

Group CFO

Accounting/Finance

Senior Management (e.g. VP, CEO)

- Partnering the CEO, VP, GMs, in business planning, driving performance, and management of all business operations with focus on profitable growth.
- Assist in formulating the group's future direction and supporting tactical initiatives.
- Define standards, policies, procedures, measures, and organizational enhancements to meet the group's goals for finance.
- Financial forecasts and Budgeting collaboratively with other management team members.
- A business partner to the CEO, VP, GMs in measuring and managing Enterprise Risk including strategic, financial, operational, development, and commercial risks.
- Regularly monitor and work closely with the senior managers in taking timely action to ensure that budgets and financial plans stay within approved levels.
- Manage the group's cash funds to ensure it is consistent with group's laid policy.
- Direct and oversee issuance of monthly, quarterly and annually financial statements in accordance with IFRS and local requirements.
- Issue quarterly financial reports including actual vs. budget analysis and management reports.
- Liaise with external and internal auditors, and insurance agencies.
- Improving financial discipline and control through strong MIS and performance measurement & reviewing systems, and ensuring proper reporting.
- Develop policies, processes, and systems on investments, CAPEX, inventories, accounting, budgets, and financial reporting.


Company Details

Mishnan Holding Co.

Saudi Arabia

N/A

Manufacturing, Textile and Clothing

N/A

Jul 2013 to Jul 2014 (1 year)
Deputy General Manager/Finance & Admin. Manager at BFM

Experience Details

Deputy General Manager/Finance & Admin. Manager

Operations/Management, Accounting/Finance

Senior Management (e.g. VP, CEO)

- Cooperate with the GM to monitor the company’s progress against objectives to take corrective management action to improve performance where necessary.
- Cooperate with the GM to translate corporate goals and objectives into action plans, and to delegate necessary authority to enable goals and objectives to be met.
- Contribute to the GM, and Committee's recommendation to the Board concerning the company's corporate strategy and operations as a key member of the Executive Management.
- A business partner to the GM in measuring and managing Enterprise Risk including strategic, financial, operational, development, and commercial risks.
- Provide sound and timely financial management decisions and internal controls through evaluation of operations and other key information to the GM, Executive Committee and Board.
- Fostering cost consciousness within the company through design, implementation and maintenance of effective tactics to reduce cost and achieve increasing the return to shareholders.
- Planning and monitoring the financial resources of the company to ensure that sufficient funds are available to meet any future commitments, furthermore to ensure any surplus funds are invested in accordance with the laid-down policy.
- Direct and oversee issuance of monthly, quarterly and annually financial statements in accordance with IFRS and local requirements.
- Issue quarterly financial reports including actual vs. budget analysis and management reports.
- Recruit, lead, develop and appraise the finance, IT, HR and purchase teams by advising on internal and external training sessions to ensure the teams are highly motivated and well trained to meet business requirements and goals.
- Direct and oversee Finance & Accounting, Purchasing, HR, and IT functions, and with dotted lines oversee Sales & Marketing, QC and Operations functions, and setting the performance criteria with the head of these departments to monitor performance with each on a regular basis.
- Oversee Preparation & Implement of financial, administrative and capital budgets; and developing action plans, measuring and analysing results, initiating corrective actions, minimizing the impact of variances.
- Liaise with Internal and External Auditors, National Audit Court, and Ministries of Commerce and Finance.
- Regularly monitor and examine policies & procedures of Finance & Accounting, HR, Purchasing, and IT.
- Maintain banking and insurance relations.
- Attend Board and subcommittee meetings as a member of the executive management, and Board Secretary for 13 years.


Company Details

BFM

Bahrain

N/A

Food and Beverage Production

N/A

Apr 1997 to Jul 2013 (16 years 3 months)
Assistant GM Finance at Abdullah Hashim Group

Experience Details

Assistant GM Finance

Accounting/Finance

Manager

- Supervise five branches accounts managers and their subordinates, and three accountants in the HO.
- Ensure the company's financial records are accurate and that they are in accordance with both statutory requirements and the International Accounting Standards.
- Regularly monitor and examine the company’s internal controls to take the necessary actions if a development is required, and to ensure that the controls are reliable.
- Issue monthly, quarterly, and yearly financial statements, performance reports, analysis of accounts and management reports.
- Develop & implement accounting policies and procedures and insure proper internal controls in place.
- Coordinate with the GM - finance and all other departments to prepare and review the annual financial & operating budget.
- Raw materials finished goods, fixed assets, and spare parts costing and variance management.
- Working capital and cash flow forecasting and management.
- Liaise with the External Auditors, banks and insurance agencies.


Company Details

Abdullah Hashim Group

Saudi Arabia

N/A

Manufacturing, Consumer Services

N/A

Dec 1990 to Mar 1997 (6 years 3 months)
Audit Manager at Arthur Andersen & Co.

Experience Details

Audit Manager

Accounting/Finance

Manager

- Preparing audit plans & programs for the audit team, and supervising the entire audit process.
- Issuing financial statements & management reports for clients, along with comments, observations, and recommendations.
- Setting and implementing accounting & financial systems, policies and procedures, including internal controls for clients.
- Presenting technical assistance, financial consultancy and business advisory for clients.


Company Details

Arthur Andersen & Co.

Egypt

N/A

Accounting and Auditing Services

N/A

Feb 1986 to Dec 1990 (4 years 10 months)
Accountant at Egyptian American Bank

Experience Details

Accountant

Accounting/Finance

Experienced (Non-Manager)

- Various responsibilities in Accounting and Treasury departments.


Company Details

Egyptian American Bank

Egypt

N/A

Banking

N/A

Aug 1983 to Feb 1986 (2 years 6 months)

Education

Bachelor's Degree in Accountancy

Education Details

Bachelor's Degree

Accountancy

Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Ain Shams University
1977 - 1982
This profile is not updated!
Last update more than 1 months ago.

Jobseeker photo

Profile Skills and Keywords

AccountancyAccountantAccountingAccounting And Auditing ServicesAnimalsArabicAssistant GM FinanceAudit ManagerAuditingBankingCFOConstruction - Residential & CommercialConsumer ServicesDeputy General Manager/Finance & Admin. ManagerDetails-orientedEnglishExecutive ManagementExecutorFinanceFood And Beverage ProductionGroup CFOHelp OthersInsuranceLeaderManagementManufacturingMoviesOfficeProblem SolverReadingTeam PlayerTextile And ClothingWalking

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Advanced

: Fluent

: Advanced

Fields of Expertise

Auditing

Auditing

: Expert

: Extreme - I love it!

:

5-7 years

Finance

Finance

: Expert

: Extreme - I love it!

:

More than 7 years

Executive Management

Executive Management

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Executor, Leader, Problem Solver, Details-oriented, Team Player

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