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Taher Ali Abozeid

Finance Manager at Avery Dennison Egypt L.L.C

Nasr City, Cairo, Egypt

Work Experience

  • Finance ManagerFull Time

    Avery Dennison Egypt L.L.C

    Mar 2013 - Present -12 yrs, 3 months

    Egypt , Cairo

    • Job Details:Joined as senior accountant directly after foundation for one and half year then took the responsibility of the newest subsidiary as an American corporate out of 54 locations around the world, drove the finance and admin team to significant success to minimize the cost and absorbing the start up costs to turn into generating profit. Highlights: • Into Positive EBIT: Designed SOPs, internal control and cost analysis to minimize the material consumption and enhance the reporting system and participate in taking the right financial decision to ensure the profitability after the first 2 years in the company life. • Global Policy Applying: Establish, apply and control the internal procedures workflow for both financial and administration process. Collaborate across boundaries to apply the global policies of the company adjusted to local laws and procedures. Key Responsibilities: • Detailed analysis of financial statements to management, including analysis of revenue, cogs, gross margin, operational earning. • Producing accurate financial reports to specific deadlines, managing financial accounting, monitoring and reporting systems. • Preparing and assembling the annual budget & AOP, Designing the SOPs, internal policies & related financial procedures and bylaws. • Formulating strategic and long-term business plans, Developing financial management mechanisms that minimize financial risk. • Conducting reviews and evaluations for cost-reduction opportunities, researching on factors influencing business performance. • Work with external auditors to complete audited financials in due time, Liaising with internal audit to ensure monitoring is carried out. • Ensuring the accurate Inventory management, Purchasing policies and strategies to be aligned with company financial plan. • Approving the bank online payments, liaising with bank to get required certificates, LG, LC, and all required documentation. • Controlling Bank accounts and facilitating the required liquidity , controlling the AR accounts & controlling customers creditability • Designing costs analysis reports, review and evaluate the direct and indirect costs. Monitor & verify the financial variance timely. • Ensure compliance with local government(s) budgetary and tax reporting requirements, liaising with all staff to ensure adherence to company financial & trade compliance policies & IFRS. • Administer the disciplinary & follow-up the employees’ adherence to values and ethics codes, manage the staff disputes and sort it out. • Oversee the accurate processing of complete payroll reports monthly, following applying labor law & social insurance legalization. • Follow up the HSE, Health Safety & environmental procedures, and implementation, review the adherence to social compliance policy. • Supports many HRIS systems that support the HR organization such as HRMS (PeopleSoft), Performance Management, Talent Acquisition, Succession Planning, Benefits and Compensation Management, Knowledge and training programs and systems. • Liaising with legal staff for board meetings drafting, filing and attestation, participating as a permanent member in legal committee. • Maintain effective working relationships with the other team members, providing information and advice in support of business. • Participate and contribute in key decisions as a member of the executive management team.
  • Senior AccountantFull Time

    Avery Dennison Egypt L.L.C

    Jan 2010 - Present -15 yrs, 5 months

    Egypt , Cairo

    • Job Details:Significant success, adding value in such a US corporate. Focus on new seniority financial aspects to conduct more controls, concentrating on manufacturing costs analysis. Highlights: • Restructure the accounting local software to meet the reporting requirements with global oracle application and HFM and ensure, design and modify. • Completing the first year external auditing process for consolidated FSs by changing the functional currency to USD via doing all necessary financial transactions, checking and revisions. Key Responsibilities: • Analyze financial reports and records, month-end closing accounting activities. Liaising the implementation of year-end closing. • Recommending the accounting of reserves, assets and expenses. Follow up with internal audit team to clear findings. • Audit, review and verify accuracy of journal entries and accounting classifications of various records including inventory transactions. • Conduct special studies and develop or recommend accounting methods and procedures, Design more detailed reports and revisions. • Coordinate accounting matters with other departments and divisions. Cooperate with Intercompany sites in all financial aspects. • Coordinate with bank to finalize all papers and documentation, checking liquidity status and ensuring the improvement of cash flow. • Working closely and focus on the inventory evaluation, controlling, to ensure the fair representation of COGS.
  • Senior AccountantFull Time

    Reliance Freight Systems L.L.C

    Jan 2008 - Jan 2010 -2 yrs

    Egypt , Cairo

    • Job Details: Established successfully the finance department and its all related process by coordination across with headquarter in UAE. Developed the department to full financial functional professional performance. Getting higher responsibility with a fast gross improvement in career. Highlights: • Set up the company chart of accounts, accounts tree and internal control. Establish a good control on Betty cash and Bank accounts, provide headquarter with effective cash, Sales and operating expenses reports. • Improved the AR maintain workflow and scoring very good DSO rates, prepared the full financial statements including the establishment year ones. Key Responsibilities: • Posting & handling cash transactions, Forex calculation, and staff advance control, follow control and finalize all tax assessments. • Post all journal entry, preparing tax statements for sales, salary, income & withholding tax, Reconcile receivable & payable accounts. • Handling Accounts receivable & making the monthly outstanding reports, payable accounts, receivable accounts. • Reconcile subsidiaries accounts, send reports on weekly & monthly basis to Head office. • Preparing the interim & final financial statements & post all closing transactions, preparing financial ratios for company decision makers.
  • AccountantFull Time

    Telecom Egypt

    Jan 2005 - Jan 2008 -3 yrs

    Egypt , Cairo

    • Job Details:Highlights: • Led the revision of the governorates financial department sales tax reports. • Implemented the internal control required to cover the internal audit findings. Key Responsibilities: • Tax accountant of sales & income tax. Auditing all financial departments for tax assessment, update the audit committee for tax issues. • Preparing tax statements for sales tax, income tax, attending all tax authority committees for sales & income tax clearance.
  • Education

    • Technical Diploma in Finance

      IMA

      Jan 2016 - Jan 2017 - 1 Year

    • BSc in Accounting

      Cairo University (CU)

      Jan 2000 - Jan 2004 - 4 yr

    • High School - Thanaweya Amma

      ibrahimia secondary school

      Jan 2000 

    Achievements

    I have succeeded to win the controller-ship award in Avery Dennison all over the world in 2012 for my efforts in turning the company from accumulated loss to start generating profit from 2012, in addition to my achievement in building up internal control.

    Skills

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    Languages

    • Arabic

      Fluent
    • English

      Fluent

    Training & Certifications

    • CMA

      IMA·2018
    • HR Diploma

      Leopard·2013
    • Basic Cargo skills and procedure

      Egypt Air·2009
    • Sales tax program

      Telecom Egypt·2006
    • Completing general English language

      AUC·2004
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