Summary
Overview
Work History
Education
Skills
Timeline
Generic

Mohamed Saied

Finance Director
Cairo

Summary

Accomplished Finance Director with a proven diversified track record over sectors , enhancing financial processes and stakeholder communication. Expert in financial reporting, analysis, and business process improvement. Demonstrated leadership in mergers and acquisitions support, achieving sustained revenue growth. Skilled in organizational development and risk mitigation, driving operational efficiencies and strategic financial planning.

Overview

15
15
years of professional experience

Work History

Finance Director

Raya Restaurants
06.2022 - Current
  • Strengthened Controls and setting operations KPIs by proactively managing and optimizing BOH operations.
  • Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
  • Streamlined financial processes by implementing efficient budgeting and forecasting systems.
  • Conducted comprehensive due diligence for mergers and acquisitions, mitigating risks associated with organizational growth.
  • Successfully managed multiple audits, ensuring accurate financial information was presented to external parties without discrepancies or delays.
  • Identified partnership opportunities and established favorable business connections.
  • Enhanced stakeholder communication by producing clear, concise, and timely financial reports that supported informed decision making.
  • Spearheaded upgrading of accounting software solutions, improving data accuracy and streamlining operations across departments.
  • Prepared internal and regulatory financial reports, balance sheets and income statements.
  • Analyzed business processes to identify cost savings and operational efficiencies.
  • Created financial dashboards to provide insights into key performance indicators.
  • Collaborated with C-level executives and stakeholders to develop long-term financial plans.
  • Designed and maintained financial models to identify and measure risks.

Finance Manager

Raya Restaurants
06.2021 - 06.2022
  • Strengthened internal controls through regular audits and adherence to regulatory requirements.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
  • Optimized cash flow with diligent monitoring of accounts receivable and payable.
  • Processed invoices and contacted appropriate parties for timely payment receipt.
  • Enhanced budget management by implementing expense tracking and cost reduction strategies.
  • Developed comprehensive financial reports for executive decision-making support.
  • Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.

Accounting Manager

Raya Restaurants
06.2019 - 06.2021
  • Generated monthly and quarterly financial statements for executive review.
  • Managed banking reconciliations and monthly balance sheet statements.
  • Coordinated efforts between the accounting team and other departments to ensure accuracy in interdepartmental transactions recording and proper cost allocation.
  • Analyzed and reported on financial data to support business decisions.
  • Managed successful audits by collaborating effectively with internal and external auditors.
  • Monitored budget allocation and expenditures to enforce compliance with company policies.
  • Implemented cost control procedures and cost management processes.
  • Developed strategic plans for day-to-day financial operations.
  • Managed journal entries, collection efforts, reconciliations, and payroll processing.

Chief Accountant

Raya Restaurants
02.2014 - 06.2019
  • Reconciled balance sheets and streamlined best practices for balance sheet processes.
  • Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
  • Completed year-end closing processes with controllers and external auditors.
  • Managed a team of accountants, fostering collaboration and professional growth for improved department performance.
  • Maintained accurate financial records by overseeing general ledger reconciliation efforts on a monthly basis.
  • Drafted variance reports, Tax regulatory filings, and related schedules.
  • Prepared monthly journal entries and reconciliations.
  • Protected company assets through meticulous tracking of fixed assets, depreciation schedules, and inventory valuations.
  • Facilitated long-term business planning efforts with detailed forecasting models based on historical data trends combined with strategic growth assumptions.
  • Safeguarded company''s financial health by implementing robust internal controls and risk mitigation measures across various departments.
  • Played an instrumental role during corporate structuring periods; assisting in the identification, evaluation and execution of cost optimization measures that directly impacted Raya Restaurants bottom line.

Senior Internal Auditor

Al-Watania Poultry Holding -Sulaiman Al Rajhi
02.2013 - 02.2014
  • Improved internal control processes by conducting thorough audits and identifying areas for improvement.
  • Enhanced operational efficiency through the development and implementation of risk-based audit plans.
  • Strengthened financial reporting accuracy by examining accounting records, verifying transactions, and reconciling discrepancies.
  • Developed strong working relationships with key stakeholders to facilitate open communication during the audit process.
  • Presented clear, concise audit findings to senior management, offering actionable recommendations for improvements.
  • Promoted a culture of accountability within the organization by consistently enforcing company policies and procedures during audits.
  • Supported continuous improvement initiatives by collaborating with cross-functional teams to identify opportunities for process optimization.
  • Reported audit findings, covering compliance issues related to International Financial Reporting Standards (IFRS) and corporate regulations.

Senior Accountant

Kuwait Food Company, Americana
01.2012 - 01.2013
  • Prepared monthly journal entries and reconciliations.
  • Performed activities covering materials and production costs, costs of sales, product development, overhead, etc.
  • Compared actual costs to estimates and analyzes variances.
  • Compiled and analyze financial information to prepare financial statements including monthly and annual accounts.
  • Monitor and support taxation process.
  • Ensured accurate and appropriate recording and analysis of revenues and expenses.
  • Continuous management and support of budget and forecasts activities.
  • Responsible for the foreign franchisor's royalty transfers (KFC - Hardee's - TGIF)

Accountant

NEXTCARE Arab Gulf Health Services
02.2011 - 02.2012
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
  • Gathered financial information, prepared documents, and closed books.
  • Reconciled accounts and reviewed expense data, net worth, and assets.
  • Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
  • Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
  • Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
  • Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
  • Assisted in the development of financial forecasts based on historical trends and current market conditions, supporting strategic planning initiatives within the organization.
  • Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.

External Auditor

Baker Tilly
09.2009 - 02.2011
  • Verified accuracy, compliance and completeness of team auditing work.
  • Trained junior auditors in best practices, improving overall team performance and skill sets.
  • Conducted thorough reviews of financial statements, ensuring compliance with IFRS and other Egyptian regulatory requirements.
  • Built strong relationships with clients, fostering trust and open communication to facilitate accurate audits.
  • Evaluated effectiveness of internal controls, recommending improvements to enhance operational efficiency and mitigate risks.
  • Leveraged advanced data analytics tools to improve accuracy and efficiency of financial statement audits.
  • Tracked funds, prepared deposits and reconciled accounts.
  • Partnered with auditors to track errors and add contributions to maintain accuracy.

Education

Diploma - Private Equity

American University of Cairo
Egypt
04.2001 -

Certificate - Commercial Banking & Credit Analyst (CBCA)®

Corporate Finance Institute
04.2001 -

Certificate - Private Equity And Venture Capital

University Luigi Bocconi
Italy
04.2001 -

Certificate - Financial Planning & Wealth Management (FPWM)™

Corporate Finance Institute
Canada
04.2001 -

Bachelor of Science - Accounting And Business Management

Ain Shams
Egypt
04.2001 -

Skills

    Financial reporting and analysis

    Business process improvement

    Organizational Skills

    Cash Flow Management

    Risk Mitigation

    Capital Structure Optimization

    Mergers and Acquisitions Support

    Internal controls implementation

    Financial Strategy Development

    KPI Tracking

    Investment Management

Timeline

Finance Director

Raya Restaurants
06.2022 - Current

Finance Manager

Raya Restaurants
06.2021 - 06.2022

Accounting Manager

Raya Restaurants
06.2019 - 06.2021

Chief Accountant

Raya Restaurants
02.2014 - 06.2019

Senior Internal Auditor

Al-Watania Poultry Holding -Sulaiman Al Rajhi
02.2013 - 02.2014

Senior Accountant

Kuwait Food Company, Americana
01.2012 - 01.2013

Accountant

NEXTCARE Arab Gulf Health Services
02.2011 - 02.2012

External Auditor

Baker Tilly
09.2009 - 02.2011

Diploma - Private Equity

American University of Cairo
04.2001 -

Certificate - Commercial Banking & Credit Analyst (CBCA)®

Corporate Finance Institute
04.2001 -

Certificate - Private Equity And Venture Capital

University Luigi Bocconi
04.2001 -

Certificate - Financial Planning & Wealth Management (FPWM)™

Corporate Finance Institute
04.2001 -

Bachelor of Science - Accounting And Business Management

Ain Shams
04.2001 -

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Mohamed SaiedFinance Director