Oracle ERP
Ehab Ahmed
Chief Financial Officer
Egypt
Summary
An innovative and strategic financial leader with over 20 years of progressive experience in finance, accounting, and business operations. Adept at leveraging AI-driven tools to enhance financial reporting, improve decision-making, and optimize cost structures. A forward-thinking professional with a solid track record in credit operations, financial planning, budgeting, and leadership. Passionate about utilizing cutting-edge technologies, including AI and automation, to drive business growth and increase operational efficiency.
Overview
26
26
years of professional experience
9
9
years of post-secondary education
1
1
Certification
2
2
Languages
Work History
Chief Financial Officer (CFO)
Rich Food Industries Manufacturing Company
Cairo, Cairo Governorate
10.2024 - Current
- Company Overview: Rich Food Industries is a leading manufacturer of high-quality, nutritious, and affordable food products
- Established in 2005, the company has built a reputation for innovation and excellence in the food processing industry, serving both the local and international markets
- With a diverse product portfolio that includes ready-to-eat meals, snacks, sauces, frozen foods, and dairy products, Rich Food Industries is committed to delivering superior quality to its consumers while adhering to the highest safety and sustainability standards
- Lead the company’s financial strategy and ensure alignment with overall business goals
- Provide strategic direction for financial operations, including budgeting, forecasting, and resource allocation
- Oversee the preparation and analysis of monthly, quarterly, and annual financial reports, including balance sheets, profit and loss statements, and cash flow statements
- Ensure accuracy and compliance with financial reporting standards (IFRS, US GAAP, etc.)
- Present financial insights and recommendations to the Board of Directors and senior management
- Develop and manage annual budgets, ensuring the company remains within budgetary constraints while maximizing profitability
- Prepare financial forecasts and provide analysis on variances between forecasted and actual performance
- Lead the forecasting process, incorporating market trends and operational needs to make data-driven decisions
- Analyze and control manufacturing costs to improve margins and profitability
- Oversee cost reduction initiatives and drive process improvements for operational efficiency
- Implement cost-saving measures, including lean manufacturing practices and financial automation
- Monitor and manage the company’s cash flow to ensure operational continuity and meet financial obligations
- Oversee working capital management (inventory, receivables, payables) to optimize cash flow and financial health
- Implement internal controls and financial systems to mitigate risks and ensure compliance with regulatory requirements
- Conduct regular audits and oversee the company’s compliance with tax, legal, and financial regulations
- Lead and mentor the finance team, ensuring high performance and continuous professional development
- Drive a culture of accountability, collaboration, and innovation within the finance department
- Rich Food Industries is a leading manufacturer of high-quality, nutritious, and affordable food products
- Established in 2005, the company has built a reputation for innovation and excellence in the food processing industry, serving both the local and international markets
- With a diverse product portfolio that includes ready-to-eat meals, snacks, sauces, frozen foods, and dairy products, Rich Food Industries is committed to delivering superior quality to its consumers while adhering to the highest safety and sustainability standards
Chief Financial Officer
EPX Logistics
Egypt
10.2022 - 10.2024
- Company Overview: EPX Logistics is a logistics and supply chain management company established in 2005, headquartered in Cairo, Egypt, with over 1,500 employees
- Successfully optimized the cash flow cycle, reducing the company’s accounts receivable period by 25%, ensuring more liquidity for operational needs and capital investments
- Implemented cost-saving measures that reduced operational expenses by 15% over two years, through renegotiating vendor contracts, improving supply chain efficiency, and optimizing fleet management costs
- Improved profitability by identifying and eliminating inefficient operational processes, leading to a 20% increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
- Developed and implemented a comprehensive financial reporting system, enabling real-time visibility of financial metrics and key performance indicators (KPIs) for executive management, leading to faster and more informed decision-making
- Led the adoption and implementation of an Enterprise Resource Planning (ERP) system, integrating accounting, inventory management, and financial forecasting, which improved operational efficiencies and reporting accuracy
- EPX Logistics is a logistics and supply chain management company established in 2005, headquartered in Cairo, Egypt, with over 1,500 employees
Chief Financial Officer
International Hospital
Egypt
01.2020 - 09.2022
- Implemented AI-based tools for revenue recognition and financial reporting, ensuring alignment with IFRS standards
- Successfully implemented a streamlined financial reporting system, resulting in more accurate and timely financial statements, improving decision-making processes for hospital management
- Led the digital transformation of the accounting system, including automation of billing and reconciliation processes
- Led cost-reduction strategies that resulted in a significant decrease in operational expenses (e.g., reduced administrative costs by 20% over two years) without compromising the quality of patient care
- Increased hospital revenue by improving billing processes, expanding service offerings, and optimizing insurance reimbursements, leading to a 15% year-over-year growth
- Developed and implemented a comprehensive financial forecasting model that helped predict hospital expenditures and revenues, resulting in more accurate budgeting and resource allocation
Chief Financial Officer
United Engineers
Cairo, Cairo Governorate
11.2018 - 12.2019
- Streamlined the financial forecasting process with AI-assisted models, leading to better resource allocation and performance tracking
- Led the deployment of AI-powered financial models and forecasting tools
- Worked closely with the senior management team to analyze financial data and improve business performance using AI-driven insights
Chief Financial Officer
Sounbula Mills FZE, UAE
04.2018 - 10.2018
- Reduced production costs by implementing cost-saving measures across the manufacturing process, including optimizing energy usage and negotiating better terms with suppliers, leading to a 15-20% reduction in production costs
- Increased profit margins by reviewing and improving the pricing strategy, ensuring it aligns with the market while maintaining competitive advantage, which resulted in a 10% increase in gross profit margins
- Improved working capital management, reducing the company’s receivables cycle from 60 days to 40 days by establishing better credit control practices and improving collections
Chief Financial Officer
California Garden (Americana Group), UAE, Dubai
01.2007 - 04.2018
- Increased profitability by 18% through strategic cost-cutting measures, process optimizations, and improving supply chain efficiencies
- Optimized working capital by reducing the company's average inventory turnover by 15%, enhancing cash flow and increasing liquidity for reinvestment in growth opportunities
- Introduced a new budgeting system that aligned the company's financial goals with operational objectives, leading to a 5% reduction in budget variances year-over-year
Finance Manager
Al Rashideen Group for Distribution
01.1999 - 12.2006
- Implemented AI-enhanced financial tracking systems for cost reduction and efficiency
- Developed advanced forecasting models to support budget planning using emerging technologies
Education
IFRS Perfect Knowledge with Training Courses -
Maadi
Cairo 01.2016 - 01.2017
Certificate in Cash Flow Management -
The George Washington University
Dubai 02.2022 - 06.2023
Communication & Business Writing Skills -
B Business Education
New Cairo, C 01.2020 - 07.2020
Global Supply Chain Management -
Cambridge Education
Cairo 01.2013 - 05.2013
MBA - Finance and Accounting
Perston
USA 01.2010 - 12.2010
Member of the Egyptian Society of Taxation -
Egypt
Cairo 01.2013 - 10.2013
Bachelor of Commerce - Accounting Department
Cairo University
Cairo, C 01.1994 - 12.1997
Skills
Personal Information
- Date of Birth: 12/14/75
- Nationality: Egyptian
- Driving License: Egypt, UAE
- Marital Status: Married
Additionalinformation - References
Available upon request.
Accomplishments
’ve been trained to understand and adapt to a wide range of topics and conversations, making me useful in a lot of different contexts.
My main goal is to help people, learn from interactions, and continuously improve my ability to understand and assist in meaningful ways
Software
SAP ERP
Microsoft Dynamics 365
Quick Books
Infinity
Certification
MBA
Interests
Playing chess
Timeline
Chief Financial Officer (CFO)
Rich Food Industries Manufacturing Company
10.2024 - Current
Chief Financial Officer
EPX Logistics
10.2022 - 10.2024
Certificate in Cash Flow Management -
The George Washington University
02.2022 - 06.2023
Communication & Business Writing Skills -
B Business Education
01.2020 - 07.2020
Chief Financial Officer
International Hospital
01.2020 - 09.2022
Chief Financial Officer
United Engineers
11.2018 - 12.2019
Chief Financial Officer
Sounbula Mills FZE, UAE
04.2018 - 10.2018
IFRS Perfect Knowledge with Training Courses -
Maadi
01.2016 - 01.2017
Global Supply Chain Management -
Cambridge Education
01.2013 - 05.2013
Member of the Egyptian Society of Taxation -
Egypt
01.2013 - 10.2013
MBA - Finance and Accounting
Perston
01.2010 - 12.2010
Chief Financial Officer
California Garden (Americana Group), UAE, Dubai
01.2007 - 04.2018
Finance Manager
Al Rashideen Group for Distribution
01.1999 - 12.2006
Bachelor of Commerce - Accounting Department
Cairo University
01.1994 - 12.1997
MBA
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