Mohamed Fayek Mohamed Afifi

Responsible for Budget, Banking, Taxation, Insurance, Cost analysis & control, and Financial reporting.

Budget:-

· Prepare, analyze, monitor, and maintain yearly budget for all company activities including capital and operating activities.

• Establish concepts for preparation of planning budgets.
• Supervises time programmers for preparation of budgets and help other departments in resolution of any difficulties encountered in this preparation.
• Follow-up on preparation and submission of annual budgets to higher supervisory level (EGPC & Partners) in addition to follow-up on implementation of approved budget, and analysis reasons of variations with departments concerned.
• Supervise preparation and implementation of company's annual report for presentation to company's board of directors and general association of shareholders.
• Monitor and submit variance analysis reports monthly to identify budget VS actual variances and communicate with departments to implement the corrective action.

Banking and Treasury :-

• Prepare and monitor the Cash Call requested monthly to cover all company invoices& Payments according to the concession agreement and in the light of approved budget lines and the provision of necessary funds.

· Monitor the Daily cash management to ensure that there is sufficient fund in the bank account for daily payments.

• Supervise disbursement of cash with Treasury AGM in accordance with company's internal regulations.

· Perform the monthly bank reconciliation for all bank accounts.

• Design insurance policies to ensure that company's assets and property are covered.
• Follow up on the application of regulatory systems and insurance coverage to preserve the company's properties & Assets.
• Coordinates and directs work of tax records and settlements with tax department.
• Nominate Treasury personnel attend training programs to enhance their competence and develop their capabilities.

· Supervise and follow up LG's (letters of Guarantee) issued and received.

· Prepare necessary financial analysis, reports and disclosure through the accounting software - Sun system.

· Perform account analysis, reconciliations, including posting journal entries for general ledger & Banking entries.

· Special assignments, reports and any studies required by management.

• Supervise and contributing to work plans of banking and budgetary sectors and encouraging financial monitoring activities and monitoring their implementation.
• Contributed to the creation of long-term strategic plans that aligned with company's overall vision and goals.
• Evaluated employee performance fairly and accurately, rewarding hard work while addressing areas needing improvement.
• Led a team of professionals to consistently achieve or exceed performance targets.
• Advised upper management on key decisions based on thorough analysis of sales trends, market conditions, and competitor activities.
• Board secretary (2009- Present ) :-

Special Assignment from company managing Director to handle board Secretary responsibilities Since 2009 , I attend all meetings of the Board of Directors and the general assembly meetings of the Shareholders, I'm responsible to handle preparation of such meetings, materials, presentation any analysis required for the board.

· Processes all accounts payable transactions for foreign and local payments.

· Preparing bank reconciliation monthly for 10 Bank accounts.

· Daily cash management & forecasting and monthly cash call.

· Booking journal entries for the petty cash and cash receipts collection and bank accounts.

· Prepare the quarterly tax report and submit it to Tax authority issue the annual tax certificate for vendors.

· Implement the preparation of the monthly closing including necessary analysis.

• Supported department objectives by participating in cross-functional projects with other departments as needed.
• Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
• · Ensure proper and timely issuance of L/C (Letters of credit) and follow up on L/Gs (letters of Guarantee).