Basic Info

Sherif Rateb

More than 15 years

Cairo, Egypt

Bachelor's Degree

Manager

Work Experience

Chief Financial Officer at ZAMZAM Vehicles Company – Erbil branch-Kurdistan

Experience Details

Chief Financial Officer

Accounting/Finance

Manager

ZAMZAM is a leading Iraqi automotive company launched its activities since 2003 acquires on more than P of Iraq market share in Vehicles trading, after sales services and providing finance services for sales installments. Taking part as CFO Kurdistan new branch develop and monitor policies and procedures within generally accepted accounting principles:
 Develop and implement the organization's financial goals, supervise the preparation of the annual budget to Provide timely and accurate analysis budgets & focus on the major variances between actual and budget results.

 Lead position of developing, implementing and maintaining a comprehensive job cost system for more than 3000 vehicles in different type and marks with value around 50 Million Dollar that let the company insures an effective sales pricing of both cars sold in installments or cash.

 Manage and control of cash through the use of different methods to track collections of more than 2000 customer installments that are due and dealers as well as the cash flows of the workshops to meet the obligations according to management priorities.

 Develop and monitor policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced operating costs, and increased revenues.


 Raise efficiency of the workshops program to allow a right revenue allocation that reflected on correct and effective impact on the effectiveness and decision-making.

 Supervision of all periodic inventory of spare parts stores and cars, diesel stores which led to the identification of stagnant material to dispose of it as providing solutions to increase the Inventory Turnover, the result was raising inventory efficiency and increase liquidity thousands of dollars.


 Monitor and control Installments Department that follow-up auto & diesel monthly collection installments due according to the customer contract, as well as follow up legal action in the case of delay or non-payment of the customer, using financial indicators proportions that implemented by me for unpaid amounts and late periods for the branch level and agents which maintained the recovery of hundreds of thousands of dollars to the company.

 Prepare monthly Trail Balance, Financial Statements and other informational reports/analysis monthly, quarterly and annual for the cars & diesel agencies and maintenance workshops to be presented to High management level for appropriate decisions.
 Responsible for oversight of financial internal controls as regulations, mechanisms, policies, financial controls and financial forms for (Receipt & payment cash / entry and exit of cars to and from the exhibitions ,warehouse and agents / procurement, cash sales, cash installments, replacement cars & warranty / sister Companies / spare parts stores) and coordination of all financial audits from main office.


Company Details

ZAMZAM Vehicles Company – Erbil branch-Kurdistan

Erbil, Iraq

101-500 employees

Automotive

N/A

Jul 2014 to Jun 2016 (1 year 11 months)
Chief Financial Officer at TEVOTECH (Teletech Business Partner)

Experience Details

Chief Financial Officer

Accounting/Finance

Manager

establishing the financial & accounting system (Create chart of account – Building new suitable financial software - Establishment of financial department and recruitment, training of its employees – Determination of job description & relationship between another departments – Improve Payroll System - Develop mechanisms of control system – Create all Financial Forms - Create new relationship with banks to get new facilities to support & improve company's activity – Proceed a new follow up facility adding effectiveness of the finance company's projects - Create a financing plan & estimate cash flow system to provide the needs of funding for the new projects - Insure a new costing analysis that can distribute indirect cost on project to get final result for each project - Establishment of an effective system to follow up on customers collections and suppliers, which affected the cash flow of the company
PlanningGuide the corporation on decisions in the area of capital structure, financing mix, financial leverage, debt equity ratio in order to maximize the shareholders wealth and the overall value of the corporation. Provide strategic inputs on revenue and capital budgeting. Review the plans and put up to the board for consideration and approvals.Monitor and direct the implementation of strategic business plans and demonstrate the differences to the board of directors to take the necessary corrective actions.
Ensure alignment of financial targets with Business Performance Parameters.Strategies in developing appropriate pricing Policies and Structures.Manage processes for financial forecasting, budgets, consolidation and reporting to prove variances changes in the Company.
OperationManage the accounting, finance human resources, investor relations, tax, and treasury departments to reach the company's goals that set in a scientific and thoughtful in advance.Maintain in-depth relations with all members of the management team to be aware day by day about all activities of the company to be able to take right decisions that belong to the financial area.Dealing with people at all levels within (Employees, Accountants) or outside of the organization (Banks, External Auditors, Tax, Customers, Suppliers).Oversee the financial operations of subsidiary companies and foreign operations.Oversee the company's transaction processing systems to insure all financial procedures are on the track and Compatible with the objectives.
Implement operational best practices by use of financial instruments and indicators to measure operating efficiency.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.Follow-up and assessment of the company's projects from the financial point beside continuous communication with project managers to correct the path of the project.Following LG of customers and suppliers & issuing and releasing letters of grantee (LGs need to refund / Follow extended dates of LGs / Follow deduction of adv. LGs).Review customers LC conditions & confirm with the customer on which bank the customer will open the LC on upon the facility limits & conditions.
Financial informationEnsure financial records are maintained in compliance with accepted Policies and Procedures.Supervise and oversee the preparation of monthly, half-yearly and annual accounts statements through providing inputs to subordinates and interfacing with the Auditors to provide any information required.
Analyze MIS reports, financials (such as quick look statements on cash flow, funds flow, profit and loss and financial aspects of balance sheet, project wise financials) on a monthly, quarterly and yearly basis and suggest remedial measures for improvement to the management.
Ensure accurate and appropriate recording and analysis of Revenues and Expenses.
Risk Management
Understand and mitigate key elements of the company's risk profile.
Monitor and track all open legal issues, Tax issues, Banks dues involving the company.Construct and monitor reliable control systems include all of financial aspects starting with cash, inventory, purchasing, fixed assets, payroll and sales collection. Maintain appropriate insurance coverage for all company fixed assets, inventory and projects under constructions, money and merchandise on the way.Ensure that the company complies with all legal and regulatory requirements in terms of the operational procedures, customs, taxes and others.Report on any risk issues to the board of directors to take a necessary action.Maintain relations with external auditors and investigate their findings and recommendations.
FundingMonitor cash balances and cash forecasts by establishing strong & effective cash flow that takes into appropriate timings of cash flows in and out with appropriate action to accelerate cash inflows and delaying cash out flows within efficiency.


Company Details

TEVOTECH (Teletech Business Partner)

Cairo, Egypt

51-100 employees

Telecommunications

N/A

Feb 2010 to Jun 2014 (4 years 4 months)
Accouting Manager at TELETECH (Alcatel-Lucent Business Partner)

Experience Details

Accouting Manager

Accounting/Finance

Manager

establishing the financial & accounting system (Create chart of account – Building new suitable financial software - Establishment of financial department and recruitment, training of its employees – Determination of job description & relationship between another departments – Improve Payroll System - Develop mechanisms of control system – Create all Financial Forms - Create new relationship with banks to get new facilities to support & improve company's activity – Proceed a new follow up facility adding effectiveness of the finance company's projects - Create a financing plan & estimate cash flow system to provide the needs of funding for the new projects - Insure a new costing analysis that can distribute indirect cost on project to get final result for each project - Establishment of an effective system to follow up on customers collections and suppliers, which affected the cash flow of the company
PlanningGuide the corporation on decisions in the area of capital structure, financing mix, financial leverage, debt equity ratio in order to maximize the shareholders wealth and the overall value of the corporation. Provide strategic inputs on revenue and capital budgeting. Review the plans and put up to the board for consideration and approvals.Monitor and direct the implementation of strategic business plans and demonstrate the differences to the board of directors to take the necessary corrective actions.
Ensure alignment of financial targets with Business Performance Parameters.Strategies in developing appropriate pricing Policies and Structures.Manage processes for financial forecasting, budgets, consolidation and reporting to prove variances changes in the Company.
OperationManage the accounting, finance human resources, investor relations, tax, and treasury departments to reach the company's goals that set in a scientific and thoughtful in advance.Maintain in-depth relations with all members of the management team to be aware day by day about all activities of the company to be able to take right decisions that belong to the financial area.Dealing with people at all levels within (Employees, Accountants) or outside of the organization (Banks, External Auditors, Tax, Customers, Suppliers).Oversee the financial operations of subsidiary companies and foreign operations.Oversee the company's transaction processing systems to insure all financial procedures are on the track and Compatible with the objectives.
Implement operational best practices by use of financial instruments and indicators to measure operating efficiency.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.Follow-up and assessment of the company's projects from the financial point beside continuous communication with project managers to correct the path of the project.Following LG of customers and suppliers & issuing and releasing letters of grantee (LGs need to refund / Follow extended dates of LGs / Follow deduction of adv. LGs).Review customers LC conditions & confirm with the customer on which bank the customer will open the LC on upon the facility limits & conditions.
Financial informationEnsure financial records are maintained in compliance with accepted Policies and Procedures.Supervise and oversee the preparation of monthly, half-yearly and annual accounts statements through providing inputs to subordinates and interfacing with the Auditors to provide any information required.
Analyze MIS reports, financials (such as quick look statements on cash flow, funds flow, profit and loss and financial aspects of balance sheet, project wise financials) on a monthly, quarterly and yearly basis and suggest remedial measures for improvement to the management.
Ensure accurate and appropriate recording and analysis of Revenues and Expenses.
Risk Management
Understand and mitigate key elements of the company's risk profile.
Monitor and track all open legal issues, Tax issues, Banks dues involving the company.Construct and monitor reliable control systems include all of financial aspects starting with cash, inventory, purchasing, fixed assets, payroll and sales collection. Maintain appropriate insurance coverage for all company fixed assets, inventory and projects under constructions, money and merchandise on the way.Ensure that the company complies with all legal and regulatory requirements in terms of the operational procedures, customs, taxes and others.Report on any risk issues to the board of directors to take a necessary action.Maintain relations with external auditors and investigate their findings and recommendations.
FundingMonitor cash balances and cash forecasts by establishing strong & effective cash flow that takes into appropriate timings of cash flows in and out with appropriate action to accelerate cash inflows and delaying cash out flows within efficiency.


Company Details

TELETECH (Alcatel-Lucent Business Partner)

Cairo, Egypt

51-100 employees

Telecommunications

N/A

Aug 2003 to Jan 2010 (6 years 5 months)
Head of Cost & Budgeting Department at Egyptian Garments in corporation factories

Experience Details

Head of Cost & Budgeting Department

Accounting/Finance

Manager

Egyptian Garments Company – ATEC : Major company in the circular knitting, dyeing production and garment manufacturing for export to USA and Europe, as well as production for the local market.
Taking part as Head of Cost & Budgeting Department responsible for preparing all kinds of planning budgets operational and investment budgets and responsible on the implementation of the budget and ensure exchange transactions are within the limits of the budget and identify deviations and their causes.
 Process of planning and controlling the budget of the company that had an impact on maximizing the profits and value added to the company.
 Management & analyzing accounting that allows the company to predict impending expenditures to help reduce the chance of going over budget.
 The company was one of the first companies in this period in which they are using the score card system and I was one of the group that established and implement that system in the company in which depends on identifying company's goals and how to access them under the current determinants which affected the increase in export sales and local sales by 17% as well as the increase in net profit of the company in this period.
 Analysis the last four years balance sheets to find out the general direction of the changes in balance sheets items to assess the current financial position of the company as well as the terms of the development of future indicators.
 Prepare all projections balance sheets, profit & losses and cash flow for five years ahead from 2002 till 2007 based on the outlook, which is represented in the required goals.
 Use of financial indicators and financial analysis of the company's balance sheet to assess the company's performance and provide scientific, practical solutions for the indicators that the deviations from the accepted rates are high.
 Develop and working on linkage between stores, costs accounts with finance system to get a complete match between the results of cost accounts and finance accounts which increases the effectiveness and efficiency of system costs.
 Start to create all KPI measurement tools for Spoilage percentages across all stages of the production for the production of cloth and dyeing, cutting and sewing.


Company Details

Egyptian Garments in corporation factories

Cairo, Egypt

101-500 employees

Textile and Clothing

N/A

Aug 2001 to Jul 2003 (1 year 11 months)
Cost engineer in the Project Control Deptartment at Lucent Technologies

Experience Details

Cost engineer in the Project Control Deptartment

Accounting/Finance

Senior Management (e.g. VP, CEO)

LUCENT TECHNOLOGIES: Global leadership in mobile and fixed network infrastructure, with the software, services, and advanced technologies to transform how smart devices and sensors tap the power of connectivity.
Taking part as Cost Engineer in project control department that department responsible for all activities related to the projects costing, project management, projects proposals, allocate revenues, scheduling for projects.
 Responsible for all kind of cost control for the projects (Revenue & Cost reports) and identify deviations.
 Preparing IXO (Internal Execution Order) platform for all new projects information that shared to all Technical and Projects Management department to share all kind of information related to the new projects that impact in helping all departments to perform their tasks.


Company Details

Lucent Technologies (multinational)

Cairo, Egypt

101-500 employees

Telecommunications

N/A

Apr 2000 to Jul 2001 (1 year 3 months)
Senior Accountant at HARF” S.W (BRANCH OF SAKHR S.W)

Experience Details

Senior Accountant

Accounting/Finance

Senior Management (e.g. VP, CEO)

Harf S.W – Branch of Sakhr S.W: Major Company in developing and implementing Islamic software distributed their products to all countries of the world through a certified distributors.
Taking part as a Senior Accountant responsible for all kind of accounting work:
 Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions, resolving discrepancies for all accounting work in the company.
 Maintains general ledger by transferring subsidiary accounts, preparing a trial balance, reconciling entries.
 Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
 Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
 Produces payroll by initiating computer processing, printing vouchers, Payment of staff salaries.
 Verifying all software programs cost by reviewing all amortization process that made by the system.
 Working as Stock Controller: Supervising the storekeeper & Controlling Quantity and evaluation of the stock.
 Completes all requirements for external audit by analyzing and scheduling general ledger accounts, providing information for auditors.
 Secures financial information by completing database backups.
 Protects organization's value by keeping information confidential.


Company Details

HARF” S.W (BRANCH OF SAKHR S.W)

Cairo, Egypt

101-500 employees

Computer Software

N/A

Sep 1998 to Mar 2000 (1 year 6 months)
Head of the Dept. of Central cost at Egyptian Garments in corporation factories

Experience Details

Head of the Dept. of Central cost

Accounting/Finance

Senior Management (e.g. VP, CEO)

Egyptian Garments Company – ATEC : Major company in the circular knitting, dyeing production and garment manufacturing for export to USA and Europe, as well as production for the local market.
Taking part as Head of Central Cost Department responsible for all actual costs, estimated costs and determine deviations for all readymade garments exporters or local products for three factories owned by the company. At the same time, the identification of common costs and distributed to each factory upon on production rates for each factory.
 Create the estimate costs for all readymade garments that planned to be produced in any of our factories and determine the estimate production cost upon the technical specifications for each model to determine the feasibility of the Model to display on the Board of Directors to take action of production.
 Track the actual cost of each model in each production stage with the complete coordination with the stores to determine the quantity, value and disbursed on the model to determine the actual costs.
 Determine all variations that occurred between actual costs and estimated costs and deviate reasons to avoid them in the future or change some of the foundations of the estimated costs that had been putting.
 Track and define all indirect cost that had been given from finance department to be allocated on each factor and then distributed on the models that had been produced in each factor to determine the actual share of indirect costs for each model.
 Studies on the amounts of wastage at every stage productivity to reduce costs and it has already been done resulting of reduce the wastage with amount of %5.


Company Details

Egyptian Garments in corporation factories

Cairo, Egypt

101-500 employees

Textile and Clothing

N/A

Jan 1998 to Aug 1998 (7 months)
Accountant at Golden Mask Association

Experience Details

Accountant

Accounting/Finance

Senior Management (e.g. VP, CEO)

Golden Mask Association: Joint Stock Company depends on the Drawback system in field of garment production that import production inputs without customs to carry out manufacturing operations (cutting - knitting - packaged) and export it again to get revenue against the manufacturing process only.
Taking part as an Accountant was a very challenge job that I had the chance to accept accumulations of more than a year and a half is a only documents serial by day then I worked hardly to implement all daily journals, deported to the subaccounts, prepare the trail balance and the balance sheet in less than two months that surprise the company board of directors.
 Sharing in the design of the accounting cycle of the association.
 Recording in the journal, transfer accounts to the ledgers and preparing the trial balance & balance sheet.
 Review monthly payroll.
 Preparing of actual cost list for all garments models.
 Preparing the reports and financial analysis.
 Manage the suppliers and account receivables accounts.
 Maintain all banks reconciliations.
 Supervise inventory control.
 Preparing of different documents needed for export & import process.
 Preparing deductions used in the drawback system.


Company Details

Golden Mask Association

Cairo, Egypt

101-500 employees

Textile and Clothing

N/A

Apr 1996 to Dec 1997 (1 year 8 months)
Accountant at Dr. A. M. Hegazy & Co. Accountants & Management Consultants

Experience Details

Accountant

Accounting/Finance

Entry Level

DR.A.M.HEGAZY & CO. ACCOUNTANTS: Is a largest Auditing Office that responsible for auditing large national & international banks, Manufacturing Associations, Majors Trading Companies, Petroleum companies
Taking part as an Accountant in DR.A.M.HEGAZY & CO. ACCOUNTANTS was one of the most effective stage in my career. Despite the short period but I gain a lot of experience in understanding the financial cycle because the office was auditing the most large Companies, Banks and Associations beside the office Use classical theory in the revision allowing the accountant going into details which the accountant can gain experience and understand more.

 Auditing accounts and balance sheets of different banks and companies.
 Sharing in the design of financial and cost systems for different companies.


Company Details

Dr. A. M. Hegazy & Co. Accountants & Management Consultants

Cairo, Egypt

51-100 employees

Accounting and Auditing Services

N/A

Sep 1995 to Mar 1996 (6 months)

Achievements


• I had create chart of account, Activate new accounting software package, initiate financial control precedes, create financial forms


• I managed to establish a unified costing system for three factories, and distribute indirect costs on the final products of each factory, and developing new methods to load indirect cost on the final product and distribute the common expenses


• I managed to establish a unified costing system for three factories, and distribute indirect costs on the final products of each factory, and developing new methods to load indirect cost on the final product and distribute the common expenses


there was 18 months of financial documents, I collect and organize data, implement the chart of account, create a daily journal and create the financial statements within 2 months.


• In more than company I worked to I had create chart of account, Activate new accounting software package, initiate financial control precedes, create financial forms. • I managed to establish a unified costing system for three factories, and distribute indirect costs on the final products of each factory, and developing new methods to load indirect cost on the final product and distribute the common expenses.

Education

Bachelor's Degree in Accountant

Education Details

Bachelor's Degree

Accountant

Faculty of Commerce, Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Faculty of Commerce, Ain Shams University
1989 - 1995
High School - American diploma

High School Details

American diploma

T.C Williams High School

United States

1989

A / Excellent / 85 -100%

N/A

T.C Williams High School
1989

Certifications

Certificate details

Financial Analysis & Budgeting

Mar 2003

100 out of 100

N/A

N/A

CENTER FOR MANAGEMENT DEVELOPMENT

N/A

Training and Courses

Training/Course Details

Program Management

May 2000

Lucent

N/A

Training/Course Details

Credit Control Program

Jun 2002

International Center for Etudes

N/A

Training/Course Details

CMA Part3

Aug 2010

American University

N/A

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Profile Skills and Keywords

AccountantAccountingAccounting And Auditing ServicesAccouting ManagerAnalyticalArabicAutomotiveBusiness PlanningCMA Part3Chief Financial OfficerComputer SoftwareCorporate & Investment FinanceCost Engineer In The Project Control DeptartmentCostingCreate New IdeasCreativeCredit Control ProgramDesign & Process Financial CycleEnglishFinanceFinancial AnalysisFinancial Analysis & BudgetingFinancial Soft WareHard WorkerHead Of Cost & Budgeting DepartmentHead Of The Dept. Of Central CostInsuranceLeaderListen To Super Slow MusicLucent TechnologiesManagement Of CashMicrosoft ExcelMicrosoft OfficeMicrosoft WordOrganizerProgram ManagementProject ManagementReading In My FeildSenior AccountantStrategic Planning & Organizational LeadershipTelecommunicationsTextile And Clothing

Self-assesed Skills

Languages

English

English

: Advanced

: Advanced

: Advanced

: Advanced

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Accounting

Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Advanced

: Extreme - I love it!

:

More than 7 years

Microsoft Word

Microsoft Word

: Advanced

: High

:

More than 7 years

Microsoft Office

Microsoft Office

: Advanced

: High

:

More than 7 years

Business Planning

Business Planning

: Advanced

: Extreme - I love it!

:

More than 7 years

Project Management

Project Management

: Advanced

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

Design & Process Financial Cycle

Design & Process Financial Cycle

: Expert

: Extreme - I love it!

:

More than 7 years

Accounting

Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Costing

Costing

: Expert

: Extreme - I love it!

:

More than 7 years

Strategic Planning & Organizational Leadership

Strategic Planning & Organizational Leadership

: Advanced

: High

:

More than 7 years

Management of Cash

Management of Cash

: Advanced

: Extreme - I love it!

:

More than 7 years

Corporate & Investment Finance

Corporate & Investment Finance

: Advanced

: High

:

More than 7 years

Financial Analysis

Financial Analysis

: Advanced

: Extreme - I love it!

:

More than 7 years

Financial Soft Ware

Financial Soft Ware

: Advanced

: High

:

More than 7 years

Key Skills

Analytical, Leader, Hard worker, Creative, Organizer

Online Presence

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