Mahmoud Mohamed Ali
Finance Director
Cairo
Summary
Highly accomplished and results-oriented finance professional with 15+ years of progressive experience in accounting and treasury, including 5+ years in managerial roles leading teams and achieving dynamic company goals. Proven ability to drive financial excellence, optimize operations, and contribute to strategic decision-making in fast-moving and challenging environments. Seeking a CFO position to leverage extensive expertise in financial leadership, strategic planning, and operational efficiency.
Overview
23
23
years of professional experience
1
1
year of post-secondary education
Work History
Finance Director
BM Lease (Banque Misr Leasing company)
10.2017 - Current
- Reporting to Managing Director, supervising three main functions for Leasing & Factoring & Mortgage activities (Treasury, Accounting and Budgeting & reporting) Total headcount 13 Employees (2 Sr Managers & 11 Accountants with different titles), Portfolio under management around EGP12bn.
- Key Achievements: building a full finance department manual system to serve the start up phase and successfully ERP system implementation and adding Factoring Activiti and run it in less than 6 months.
- Responsibilities:
- Key member of executive leadership team, participate in key decisions pertaining to strategic initiatives, operating model and operational execution close monitoring to A/R and lease rental collections and its related reports and ageing.
- Prepare annual budget for both Leasing and factoring and Mortgage activities and preparing company 5 years business plan and present them to the Audit committee and Bord of Directors for approval.
- Review monthly and quarterly FRA reports.
- Member in ALCO committee and represent financial position in Audit committee to the members and fulfil all needed inquires.
- Monitor and ensure the accurate implementation of the approved designed operating applications and systems; accumulating resources; resolving problems; implementing change.
- Analyse organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement with the existence of cross-checking controls procedures
- Review all month-end closing activities including prepaids, accruals, receivables, collection, balance sheet reconciliations, payables, profitability analysis and corporate/overhead cost allocation and tax treatments
- Ensure the accrual treatments and calculations of related Governing Entities fees
- Oversee daily, weekly, and monthly cash management
- Full in-depth prepare and review of the company business model for generating stakeholder’s values and translate the operational metrics into measures for performance and financial statement analysis comparing actuals verses last year and budget
- Preparation of financial reports that summarize and forecast the organization's financial position, such as income statements, balance sheets.
- Establish and maintain lines of communication with current and prospective banks, governing authorities, stakeholders applying the company strategies and instructions. Manage banking arrangements and facilities agreements and maintain adequate sources of capital for the company’s current borrowings from banks and lending institutions
- Provide detailed explanation of all balance sheet and income statement variances.
- Close monitor and review to banks fees, interests and operation cycles
- Perform other ad hoc projects as requested with a direct communication and reporting to The Chairman and CEO and Board of Directors
- Arranging financial audits and reviews as required from our company auditors.
- Analyzing the company's Allownces & Provisions, such as ECL, tax provisions.
- Facilitated process improvements by automating manual tasks, increasing efficiency within the finance function.
Manager, Finance & Administration
Enmaa Ijara Company
06.2016 - 09.2017
- Finance Department
- Reporting to Chief Financial Officer
- Key Achievements: Successfully ERP system implementation.
- Responsibilities:
- Preparing the statutory interim & yearend Financial Statements of Enmaa Ijara company in accordance with the Egyptian Accounting Standards.
- Handling A/R and lease rental collections and its related reports and ageing.
- Ensure accurate income recognition.
- Prepare monthly lease reclassifications.
- Create appropriate book keeping entries, create accruals where necessary.
- Preparation of tax returns and income tax and social insurance other information as required by government.
- Conduct monthly depreciation, amortization and rent variance analysis.
- Receive all purchase invoices and ensure they are appropriately authorized in accordance with the financial procedures.
- Preparation of financial reports that summarize and forecast the organization's financial position, such as income statements, balance sheets.
- Provide detailed explanation of all balance sheet and income statement variances.
- Finalize the month end closing process and prepare reports for management.
- Maintaining & developing ERP financial systems/models (Oracle).
- Maintain a documented system of accounting policies and procedures.
- Arranging financial audits and reviews as required from our company auditors.
- Analysing company's provisions such as bad debt and tax provisions and book and needed entry’s.
Accounting Senior Supervisor- Consolidation & Reporting
ORANGE
07.2014 - 05.2016
- Consolidation & Reporting – Finance.
- Reporting to Head of Consolidation & Reporting with the following responsibilities:
- Key Achievements: automating the process of IFRS reporting to France Telecom to be extracted from Oracle directly after making the needed adjusting entry’s which saved the reporting time and eliminated the manual work, also worked on General Ledger Responsibility’s standardization and cleaning dormant GL accounts.
- Responsibilities:
- Preparing the statutory year end separate and consolidated Financial Statements of ECMS and its subsidiaries in accordance with the Egyptian Accounting Standards.
- Preparing the statutory interim separate and consolidated Financial Statements of ECMS and its subsidiaries in accordance with the Egyptian Accounting Standards.
- Reviewing & Posting monthly closing entries for all companies (5 companies) such as (Loans and Bonds interest amortization, GSM license amortization, Advisory and management fees, Expatriates booking and revaluation, booking and settlement of intercompany loans and its related interest).
- Calculating deferred tax for Orange Egypt for Telecommunications and its subsidiaries.
- Preparing monthly local Financial Statements for all companies (5 companies).
- Preparing and upload to Magnitude (SAP Application) the monthly Orange reporting package for 4 companies.
- Updating the chart of accounts and local Financials Statements Generators (FSG) reports on a timely basis.
- On monthly basis reconciling all the affiliated accounts and prepare their related revaluations and confirmations.
- Preparing the financial ratios and trend movement analysis for the monthly Financial Statements and justifying any unusual movements. (Monthly closing presentation with variance analysis MOM)
- Reviewing SOX requirements (Authentication memo, Checklist, Delay & Adjusting).
- Handling any financial reporting requirements from other departments within the Company.
- Perform assigned Intercompany General Accounting and Control transaction processing responsibilities in a timely and accurate manner, in accordance with defined operating procedures. Ensuring smooth running of the Intercompany process.
- Handling intercompany transactions and reconciliations between Orange Egypt and Orange Group.
- Handling shareholders and Board member’s bonus and remuneration payments.
- Handling Audit requirements for all companies and follows up the management letter.
Accounting Supervisor- Accounts Payables
ORANGE
01.2011 - 06.2014
- Accounts Payables
- Key Achievements: worked with a team of 6 members from different departments such as Technology department and Information technology department and Oracle consultants to change the AP process to accelerate the vendors payments to avoid delay in equipment’s delivery which is essential for the network expansion also Successful implementation of HSBC online payment system with Oracle and Oracle Migration Project From R11 to R12 release
- Reporting to AP Manager with the following responsibilities:
- Responsible for 4 permanent employees and 1 Temp. employee
- Preparing monthly Closing Reports.
- Reviewing and Posting monthly closing Journal Vouchers and monthly adjustment entries and update the accrual balance and settlement of the old accrual balances.
- Reviewing payments and wire transfers.
- Preparing and sharing schedule payment reports with payable team in order to prepare the monthly payments.
- Handling all financial issues related to Technology and Procurement departments.
- Handling periodic Audit related requirements.
- Active participant in the new initiatives developed within the AP department and IT department.
- Responsible for monthly Closing Reports (FOREX calculation, Short term & long term liabilities, Related Parties, Monthly checklists, Fixed assets suppliers, Vendor advances, Related aging reports, & the reconciliation between AP and GL ).
Senior Accountant- Accounts Payables
ORANGE
01.2009 - 12.2010
- Accounts Payables
- Reporting to AP Manager & main responsibilities are:
- Involved in issuing the new AP process with Orange CFO and the process team.
- Assigned focal point within the AP team including Internal Audit requirements and internal control discussions.
- Responsible for all LC’s settlements.
- Preparing and sharing schedule payment report to payable team to prepare the monthly payments.
- Reviewing monthly closing journal vouchers and monthly adjustments entries.
- Preparing monthly backup to all AP related data.
- Responsible for the Orange 3G swap project invoices, payments, reconciliations with the related suppliers, and the calculations of the Imputed interest and the present value of the project.
Accountant- Accounts Payables
ORANGE
01.2008 - 12.2009
- Accounts Payables
- Reporting to AP Manager & main responsibilities are:
- Responsible for booking invoices on Oracle and Supplier payments.
- Responsible for preparing monthly closing journal vouchers and monthly adjustments entries.
- Updating contract data base with new contracts.
- Reconciling periodic Orange foreign supplier payments.
- Responsible for assuring the completeness of the three-way match of the suppliers under my scope.
Customer Service Representative
ORANGE
05.2006 - 12.2007
Accountant
ADS Advertising
11.2002 - 04.2006
Education
Bachelor of Commerce (B.com) - Major Accounting
Ain Shams University, Faculty of Commerce
Cairo, Egypt11-2002
IFRS Diploma Candidate, Studying For Exam Dec-25 -
ACCA
Cairo 04.2001 -
Skills
Financial Reporting (IFRS, Egyptian Accounting Standards)
Budgeting & Forecasting
Treasury Management
Cash Flow Management
ERP Systems (Oracle, SAP Magnitude)
Financial Modeling
Financial Analysis
Taxation & Provisions (Bad Debt, Tax)
Audit Management
Training
- Jan-24 [Securitization Process & regulations by FRA]
- Jul-22 [Anti-money laundering training workshop by FRA]
- Feb-15 [IFRS diploma course, Ernest & Young]
- Sep-13 [Mind Mapping and Memory Enhancement]
- Sep-13 [Problem Solving and Decision Making]
- Jun-12 [Time Management Skills (The Choice)]
- Mar-11 [CBI Competency basics interview]
- Mar-11 [IFRS Intermediate level]
- May-10 [Communication Basics]
- Jul-09 [Business Writing]
- Jan-09 [Personal Effectiveness]
- Oct-08 [IFRS Awareness]
- Jun-08 [Who Moved My Cheese]
- May-08 [Advanced Excel 2003]
Timeline
Finance Director
BM Lease (Banque Misr Leasing company)
10.2017 - Current
Manager, Finance & Administration
Enmaa Ijara Company
06.2016 - 09.2017
Accounting Senior Supervisor- Consolidation & Reporting
ORANGE
07.2014 - 05.2016
Accounting Supervisor- Accounts Payables
ORANGE
01.2011 - 06.2014
Senior Accountant- Accounts Payables
ORANGE
01.2009 - 12.2010
Accountant- Accounts Payables
ORANGE
01.2008 - 12.2009
Customer Service Representative
ORANGE
05.2006 - 12.2007
Accountant
ADS Advertising
11.2002 - 04.2006
IFRS Diploma Candidate, Studying For Exam Dec-25 -
ACCA
04.2001 -
Bachelor of Commerce (B.com) - Major Accounting
Ain Shams University, Faculty of Commerce