Karim Eltonsy- MBA

Titan Cement Egypt

• Group Accounting & Finance Senior ManagerFull Time

  Jan 2018 - Oct 2023 -5 yrs, 9 months

  Egypt , Cairo

  • Job Details:Brief about Titan: TITAN Cement Egypt is one of the market leaders in the cement industry in Egypt as well as the ready mix concrete and alternative fuels, a subsidiary of TITAN Group in Greece. It is a vertically integrated cement producer, combining an entrepreneurial spirit and operational excellence with respect for people, society and the environment. The company has two cement plants located in Alexandria and Beni Suef governorates as well as three plants for ready-mix in 6th October City. In addition, two plants for the alternative fuel in Alex and it employs around 1000 employees RESPONSIBILITIES & DUTIES • Provide the top management with the accounting information needed • Assist the CFO in daily financial operations and to provide him with the daily cash position. • Manage day-to-day accounting operations and ensure that there is a redundant process backup in place for every critical operation. • Obtain and maintain a thorough understanding of the financial reporting and general ledger structure. • Analyze KPIs from different sectors for reporting to the mother company. • Create new internal accounting corporate policies and maintain existing policies • Ensure an accurate and timely monthly, quarterly and year end close. • Ensure the timely reporting of all monthly financial information. • Assist the financial Controller in the daily banking requirements. • Ensure the accurate and timely processing of positive pay transactions. • Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner. • Support the budget and forecasting activities. • Collaborates with the other finance department managers to support overall department goals and objectives. • Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy. • Advises staff regarding the handling of non-routine reporting transactions. • Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results, special reporting requests and the like. • Work with the Controller to ensure a clean and timely year end audit. • Supervise the general ledger group to ensure all financial reporting deadlines are met. • Assist in development and implementation of new procedures and features to enhance the workflow of the department. • Provide training to new and existing staff as needed. • Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc. • Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development of staff. • Support Controller with special projects and workflow process improvements. • Monitor emerging technology to determine ways to automate the accounting process without sacrificing accuracy and accountability
• Financial Planning, Analysis and Controlling ManagerFull Time

  Sep 2016 - Dec 2017 -1 yr, 3 months

  • Job Details:As subsidiary of Titan Group in EGYPT (From October 2016 to December 2017) Scope of Work: • Work closely with the managing director of GAEA acting as trusted financial advisor. • Developing financial strategy, including risk minimization plans and opportunity forecasting • Coordinating and directing the preparation of the budget and financial forecasts and report variances • Preparing and publishing timely monthly financial statements • Overseeing day-to-day accounting functions, integrating finance operations, forecasting and budgeting, handling tax matters, preparing financial reports, and ensuring organizational financial stability. • Monitor financial performance versus the budget so that the business is aware of anticipated costs/ revenues, and areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalized upon. • Ensure accurate and timely financial management information is prepared with detailed analysis of income and expenditure • Work in close partnership with the individual budget holders and the central finance team to provide accurate, timely and comprehensive annual budgets as well as monthly re-forecasts. • Cost review to ensure costs are reported in the correct cost centers and chart of accounts codes. • Monthly presentation of financial performance, full year forecasts and budget variances including understanding financial opportunities and risk. Challenge the local leadership team to understand the cost drivers of the business and provide insight to the non-finance members. • Leading the P&L rolling forecast exercise required on a monthly basis. • Closely monitoring the stock levels and support the team in optimizing the stock on hand. • Owning the submissions for all plan and rolling forecast requirements, (including offline templates and plan decks) • Working closely with the production sites on identifying and assessing any COGS optimization initiatives and ensuring accurate planning of the products std. and Net Cost. • Manage Billing, Accounts Receivables, Accounts Payables, Cost Accounting, Inventory Accounting and Revenue Recognition. • Create monthly and annual reports to identify results, trends, and financial forecasts • Review all financial plans and budgets regularly to look for cost reduction opportunities
• Accounting Section HeadFull Time

  Nov 2008 - Aug 2016 -7 yrs, 9 months

  Egypt , Cairo

  • Job Details:+15 Years accounting and finance experience with comprehensive knowledge of financial statement preparation and analysis. Expert knowledge of budgeting preparations with proficiency in applying IFRS principles to auditing engagements and management reports. Combine strong analysis, organization and planning abilities with effective problem resolution, negotiation, and relationship management skills. -Member of Egyptian society for public finance and taxes. -Member of the Institute of Management Accountants (IMA, USA) The current Scope of work Provide the top management with the accounting information needed.  Supervision the day to day operation of the financial accounting & reporting department.  Monitor risk management policies and procedures to ensure that organizational risks are minimized to ensure that liquidity, required facilities and funding are available.  Develop and maintain financial record keeping and reporting systems.  Prepare financial statements according to IFRS.  Reviewing the local financial statements & prepare the required adjustment entries.  Compliance to all company Policies and Procedures.  Responsible to provide feedback about reporting staff for their skills improvements and motivations to line.  Analyze KPIs from different sectors for reporting to the mother company.  Coordinate with plants concerning to monthly closing process.  Responsible for G/L balances confirmation with sister companies.  Coordinate with the other functions and ensure that all the purchasing and expenditure are in line and as per plan.  SARBANES OXLEY (SOX) internal control Procedures.  Safeguarding company assets (Disbursements).  Following up with tax treatments and its payments.  Coordinate with plants concerning to monthly closing process.  Communicating with the internal & external auditors.  Participating in budget preparation.  Meet the monthly cut-off closing.  Follow up on accruals, provisions, and prepaid expenses control movements.  Eliminate the intercompany transactions for consolidation purpose.  Responsible for G/L balances confirmation with sister companies.  Reviewing the intercompany reconciliation on a monthly basis.