HASSAN ELSHAFEY
Cairo, Egypt
Summary
Chief financial officer with +20 years and master's degree leading financial planning, forecasting, reporting, audit, tax & accounting functions. Strategic and innovative expert with well-rounded background effectively guiding various financial projects and processes to support executive decision-making. Highly adaptable to accomplish goals in fast-paced environments.
Overview
17
17
years of professional experience
1
1
Certification
Work History
CHIEF FINANCIAL OFFICER
DIGITECH EGYPT, A NOVENTIQ GLOBAL COMPANY
CAIRO
2023.06 - Current
- Establish financial strategies to achieve the company’s operational and financial objectives
- Identify the key financial risks, such as credit and market risks, and govern risk management strategies
- Guide building predictive models to measure the impact of economic uncertainty, market instability and volatile business environment on the bottom line
- Expand the company’s financial planning and analysis processes, including budgeting, forecasting, using financial modeling and analysis tools, with additional focus on tech tools
- Oversight of the company’s treasury function, investments, and debt to maintain optimal cash management and efficient use of financial resources
- Command the company’s accounting functions, the financial reporting cycle and financial statements and reports issuance for management, investors, and regulatory agencies
- Heading the financial regulations and accounting standards compliance, including GAAP and IFRS
- Optimize tax strategies and policies that support the business and maintain compliance with local tax laws and regulations
- Devise plans to accelerate digital transformation using data analytics, AI, automation, and cloud solutions
- Provide financial leadership and support to the executive team, board of directors, and other stakeholders.
FINANCE MANAGER
HIKMA PHARMACEUTICALS EGYPT
CAIRO
2014.11 - 2023.01
- Maintain business forecasting and providing commercial financial analysis on KPIs giving data driven insights to aid decision making in all operational, financial, and strategic matters
- Execute the organizational financial strategies of business profitability and sustainability through minimizing risk and identifying growth opportunities
- Establishing adequate plans for controlling and improving financial efficiency including profit planning, sales forecasts, expenditures’ budgets improvement, pricing policies and cost standards
- Administer the accounting teams, operations, and transactions through ERP to guarantee compliance with Group policies, IFRS, local GAAP guidelines, and all applicable laws and regulations
- Assure the execution of the month/quarter/year end closing and reporting processes smoothly, accurately, and timely to various stakeholders
- Supervise the preparation/review process of the monthly consolidated financial statements and management reports in accordance with IFRS, and local GAAP statutory financials as well
- Controlling the general ledger activities, the reconciliation processes and the reasonability and accuracy of reports
- Direct all aspects of financial operations for capex & inventory costing and control, implement strategic planning processes, providing business decision support
- Directing all fiscal reporting activities for the organization and maintains quality and timelines of reporting for various functions (financial analysis, products/projects margins, profitability, cash flow analysis, monthly financial reports, working capital analysis, etc.)
- Drive financial and operational ratios' review process and the comparison exercise between the financial performance with operating plans, budgets, and standards
- Establishes and administers tax policies, procedures and all governmental tax inspections and audits for all types of tax
- Control the preparation and submission of all types of month/quarter/year tax returns
- Lead annual internal and external audit process at the consolidated and separate levels
- Design adequate internal controls in line with Group policies and guidelines, to prevent, detect and to address gaps and audit findings
- Guide the automation of manual processes, through the development of new systems, and the conversion from old systems to ERP systems, including, evaluating, and validating data
- Control the review, maintenance, and updates of all database information of the organization systems including vendors, customers, general ledgers, reconciliation accounts, etc.
AUDIT & ASSURANCE SUPERVISOR
DELOITTE EGYPT
CAIRO
2007.07 - 2014.11
- Oversight the assurance engagements by defining the audit strategy in consultation with the assurance partner and monitor its execution in compliance with the office's approach and protocols
- Govern the assessment of engagement risks and establishing the key audit objectives with appropriate Risk of Significant Misstatement, identifying the significant accounts, the significant risks, and the significant fraud risks
- And monitor the audit plans & programs
- Execute complex audit procedures and lead teams or parts of teams on engagements, depending on the size of the engagement
- Lead the compliance with statutory audit methodology requirements, appreciating relevant internal and external market factors, assuring the effective and timely delivery of engagements
- Control the process of examining the efficiency of the internal control systems & concluding the weakness points in management letters and running discussions with top management
- Control the examination of the accounting policies applied & accounting systems in various entities and assess its impact on the audit process
- Supervise the budgeting, planning, and control of engagements in accordance with statutory audit methodology to ensure effective service delivery and maximized recoverability
- Directing, coaching, and mentoring the engagement teams to guarantee effective completion, timely service delivery of engagements
- Assisting in the management and delivering of large projects such as due diligence assignments.
Education
Bachelor of Commerce - Accounting -
Suez Canal University - Egypt
05.1999
Skills
- Budget Development
- Accounting Principles
- Documentation Compliance
- Financial Reporting
- Business Forecasting
- Financial Management
- Risk Management
- Regulatory Compliance
- Strategic Planning
- Organizational Development
- ERP Solid Work Background
- IFRS
- Internal Controls & Financial Compliance
- Vision & Mission oriented
Certification
- Master of Business Administration (MBA) - Global Management and Competitive Intelligence, ESLSCA Paris Business School - Cairo - Egypt, 08/01/21, 12/01/23
- Certified Chartered Accountant - Finance and Accounting, Egyptian Ministry of Finance - Cairo - Egypt, 01/01/02, 12/01/05
Accomplishments
- System automation
- ERP SAP & Oracle NetSuite implementation: Lead the implementation process of ERP system to newly acquired subsidiaries, plan and manage the full process with the SAP/Oracle support teams through designing and implementing all needed modules.
- FIEX: Administered the integration implementation between the ERP system and financial reporting system (FIEX), to ensure smooth reporting process on instant basis.
- EBS - Electronic Bank Statement Reconciliation: Accomplish the implementation of the robotization process of the bank reconciliation function.
- Special Projects
- Fixed Assets special project: Plan and lead the fixed assets project across the Group with full physical count to all existing assets at all sites, reconciliation between the count results and the registers, execute the disposal/scrapping/transfer transactions, issue and fix the barcode tags and implement the new count automated utility integrated with the ERP system.
- Control the comprehensive review and the due diligence process conducted by Ernst & Young Global and UHY America, which related to the listing process for the NOVENTIQ group of companies on the Nasdaq Stock Exchange in New York.
Languages
Arabic
First Language
English
Proficient (C2)
C2
Timeline
CHIEF FINANCIAL OFFICER
DIGITECH EGYPT, A NOVENTIQ GLOBAL COMPANY
2023.06 - Current
FINANCE MANAGER
HIKMA PHARMACEUTICALS EGYPT
2014.11 - 2023.01
AUDIT & ASSURANCE SUPERVISOR
DELOITTE EGYPT
2007.07 - 2014.11
Bachelor of Commerce - Accounting -
Suez Canal University - Egypt
- Master of Business Administration (MBA) - Global Management and Competitive Intelligence, ESLSCA Paris Business School - Cairo - Egypt, 08/01/21, 12/01/23
- Certified Chartered Accountant - Finance and Accounting, Egyptian Ministry of Finance - Cairo - Egypt, 01/01/02, 12/01/05
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