Nabil Hemied
Chief Financial Officer
Cairo
Summary
Seeking Challenging position in a reputable organization where I can utilize my strategic Managerial, financial, analytical capabilities and interpersonal skills in a developing finance department and increase the efficiency of finance performance.
Professional Chief Financial Officer with more than 20 years executive experience in accounting & Finance as a professional expert in financial reporting, Due diligence, financial analysis, a leader in demonstrated record in developing and executing advanced financial strategic plans excellent skills in audit drive activities. High level financial Controller in ERP environment and successful planer & organizer for different business Modules.
Overview
2025
2025
years of professional experience
1995
1995
years of post-secondary education
3
3
Languages
Work History
Finance Director
Masria Card
1 2019 - Current
- Responsible for budgets, financial reports for the group consolidations, analytical, timeline
- Ensure compliance of accounting & financial policies & procedures
- Regulate all the controls to keep them informed and to lead direction
- Execute Board directions and supervise all fiscal reporting activities for the organization
- Organizational Business plans /costs & cost reductions
- Ensure balance sheet & reports reflect organization performance
- Development and monitoring of organizational and contract/grant budgets
- Investigate cost-effective benefit plans
- Oversee Accounts Payable and Accounts Receivable
- Review reports and analyze projections of sales and income against actual figures
- In conjunction with the Board of Trustees, assess the long-term financial trends
- Review prospects for future growth of income and new product areas
- Develops finance organizational strategies by contributing financial and accounting information analysis, and recommendations to strategic thinking and direction
- Establishing functional objectives in line with organizational objectives
- Establishes finance operational strategies by evaluating trends
- Develops organization prospects by studying economic trends and revenue opportunities
- Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans
- Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances
- Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements
Chief Financial Officer
EMPH Group
01.2013 - 02.2019
- Managed all financial functions of multi-plant/state business, including the monthly, quarterly, and annual close of the books
- Included financial planning and analysis, forecasting, cost accounting, cash management, metrics analysis and reporting
- Managed accounts receivable (AR), accounts payable (AP), and payroll functions
- Profit performance improvement of $2 million for $15-20 million revenue business
- Responsible for the Human Resources function, including the negotiation of health insurance contracts
- Monitored and adjusted the company plans, eliminating Annual audit fees & Internal Audit & controls
- Managed banking relationships, including borrowing base certificate reporting
- Published monthly, quarterly, and annual financials with analysis of significant variance issues
- Ensure the group meets its financial and legal responsibilities
- Supervise acquisition due diligence and negotiate acquisitions
- Monitor business performance and prepare management risk reports
- Monitor cash flow and allocate the funds for the projects
- Work with all departments and supervise your own accounts team of five
- Develop financial models, and plan, with competitor analysis as part of strategic planning
- Work with the group's tax advisors & auditors to develop a taxation strategy
- Contribute to the continued growth and success of the business as a member of the Senior Management Team
- Oversee, present and obtain approval for the annual budget and longer-term plans
- Monitor and follow up al Mauritius (MC) aspects and responsible of consolidation
Finance Director
Mobilink Telecom
12.2008 - 12.2012
- Direct a finance organization in the areas of financial and management accounting, internal controls, planning and reporting
- Guarantee the implementation of the financial control framework in line with Group standards, including forecasting and budget processes, balance sheet control and management, statutory and regulatory financial reporting
- Ensure the delivery of accurate forecasting, budgeting and reporting of actual results as well as management information and performance indicators
- Act as counsel to the business beyond the financial aspects
- Drive change and ensure financial performance improvement as well as financial awareness across the organization and among non-financial staff
- Lead, develop and manage the finance team to build a strong finance organization
- Advise the Managing Director and local management team on financial performance and targets, including profit, cash and working capital
- Maintain strong relationships with banks, auditors, and tax authorities
- Ensure the cost management and the profit centers are highly managed
- Participate in the develop profit the product cost and manage the overheads destructions
- Ensure that all policies, processes and procedures according IAS
- Manage and participate in the Yearly External Audit and support internal auditors
Regional Financial Manager Middle East & North Africa
Huawei Technologies Co., Ltd.
03.2007 - 12.2008
- Prepare Monthly financial statements and ensure the accurate reflection of company situation
- Ensure accurate & secure cash handling
- Prepare the optimal capital structure and calculate the Cost of Capital (WACC)
- Provide weekly, monthly, and quarterly analytical reports to CEO
- Coordinate in preparation of annual capital, operating, and cash budgets
- Ensure compliance with local obligations and fulfill all commitment in time
- Monitor deviations from budget and prepare the disclosure reports and explanations
- Provide financial analyses of current operations and projections for future scenarios
- Ensure that all monthly, quarterly, and yearly taxes are paid on time
- Prepare financing proposals, including budget, cash flow projections, and business plan
- Coordinate with audits; prepare the annual corporate taxes declarations
- Ensure compliance with Company policies liability, property, employee benefits
- Ensure compliance with regulatory licensing and fee payments
- Provide timely financial information to other retail cooperatives as requested
- Ensure that all timely payment of accounts payable including accurate coding and filing of invoices and maintaining adequate cash flow
- Monitor the recording and collections and account receivables and reports all bad debts
- Ensure prompt compliance with local requirements for all data records
- Coordinate with all department and hr to ensure timely and accurate processing of staff payroll
- Ensure that all tax payments are made in time and all obligations are handled safely
- Review monthly bank reconciliation prepare bank status report on weekly base
Financial and Administrative Manager
Go Red Sea - tour Establishment
05.2004 - 02.2007
- Responsible to prepare and distribute timely, accurate financial statement and all analytical reports related and none related to the financial statements
- Ensure accurate & secure money handling, all procedures are applied for petty cash, and direct payments
- Provide weekly, monthly, and quarterly analytical reports as assigned to CFO
- Coordinate in preparation of annual capital, operating, and cash budgets
- Ensure compliance with outside obligations and fulfill all commitment in time
- Monitor deviations from budget and prepare the related reports for management explanations
- Provide financial analyses of current operations and projections for future scenarios
- Ensure that all monthly, quarterly, and yearly taxes are paid on time
- Coordinate with audits, prepare the annual corporate taxes declarations
- Ensure compliance with regulatory agency licensing payments for all business operations
- Provide timely financial information to other retail cooperatives as requested
- Supervise Finance Department staff in accurate and timely payment of accounts payable including accurate coding and filing of invoices and maintaining adequate cash flow
- Monitor Finance team in recording and collecting on bad debts and in recording other accounts receivable
- Supervise Finance Department staff in recording and reporting on member records including but not limited to: contact information, household members list, discount level, stock payments, stock terminations, member loans, credits and debits
- Coordinate with all department managers related to payroll service to ensure timely and accurate processing of staff payroll & perform payroll analyses and troubleshoot payroll issues as requested
- Review monthly bank reconciliation and prepare the cash flow reports to the CFO
- Monitor all purchase through control al the PO's
Assistant Financial Manager
Daewoo Motor Egypt
06.2000 - 02.2004
- Guides financial decisions through preparing and following up the annual budget, scheduling expenditures analyzing variances and results measurements, initiating corrective actions forecasting and provide the Management requirements through preparing the professional analytical reports
- Provides feedback on department performance measures, goals, and objectives by gathering business results, financial, service and operations information, identifying and evaluating trends and options, recommending of actions, defining objectives, evaluating outcomes
- Develops the budget for the organization and performs budget analysis by implementing the organizations budget process system, providing guidance and recommendations to management in the development and completion of their budgets
- Finalizing the organizations budget and monitoring the budget by preparing or reviewing current year estimates and Budget variance reports, reporting on budget Variances
- Manages finance functions by managing any or all accounting, budgeting, purchasing, Accounts payable, accounts receivable, and/or payroll functions, preparing reports and Statistics reflecting revenues, expenditures and other functional financial results
- Recommends actions by analyzing and interpreting data and making comparative Analysis also studying proposed changes in methods and materials
- Maintains financial staff job results by coaching, counseling, and disciplining Employees planning, monitoring, and evaluating job results through quarterly reports
- Comply with local requirements for tax and insurance, ensure the fulfillment of all reports and payments within the company policy
- Help in assigning the External auditors and support by providing the financial and analytical financial information & help in communication between business units
- Ensure that all the liabilities are accurate and recorded according to the company policy and all the credit terms are applied for each vendor
- Monitor the cash flows and control the cash management by preparing monthly cash flows and update it according to changes
Chief Accountant
York Air Conditioning & Refrigeration
01.1996 - 01.2000
- Prepare monthly financial statements and schedules for most of the General Ledger accounts
- Prepare monthly bank reconciliation for all cash accounts
- Record adjusting journal entries on all reconciling items for the books to reconcile with the bank balance
- Prepare monthly remittance of Withholding Tax as well as the quarterly remittance of Tax
- Reconcile inter-fund balances, prepaid expenses, accrued expenses, and deferred revenues and prepare an adjusting entry, if necessary
- Check and verify entries on payroll reports and ensure accuracy of amounts and statutory deductions
- Check and review Daily Cash Sales Report, Cash Count Sheet along with the Deposit Slips prepared by the Accounts Receivable Accountant and ensure that all cash receipts are deposited daily, if possible
- Check and ensure that the Accounts Receivable are properly recognized, billed and collected
- Ensure a timely and accurate recording of the College capital assets
- Ensure that a fixed asset listing is maintained with information as to amount, useful life, depreciation method, custodian, and location of the capital asset
- Prepare for the annual audit and ensure that all audit requirements are completed before audit date
- Other duties and responsibilities delegated by the Financial Manager
Education
Bachelor of commerce - accounting and auditing
Ain Shams University
Mini MBA - Business Finance
Ongoing - undefined
CMA
English School - Primary, preparatory, secondary
Heliopolis
Skills
IFRS - PWC
Professional training in AMAC (El-Haram)
Windows
Excel
Access
PowerPoint
Advanced Excel
Word
Internet
Full knowledge of readymade packages and ERP Systems like SAP, Oracle MFGP, Logo Gold, QB, FM, GP, Microsoft Dynamics AX 2012
Militaryservice
Completed
Personal Information
- Date of Birth: 10/19/71
- Marital Status: Married
- Religion: Moslem
Personalfeatures
- Good Communication skills
- Develop the people behavior and performance through professional tools.
- Trouble shooter, always think positively
- Team leader with excellent managerial skills.
- Dynamic and organized.
- Committed to meet deadlines.
Timeline
Chief Financial Officer
EMPH Group
01.2013 - 02.2019
Finance Director
Mobilink Telecom
12.2008 - 12.2012
Regional Financial Manager Middle East & North Africa
Huawei Technologies Co., Ltd.
03.2007 - 12.2008
Financial and Administrative Manager
Go Red Sea - tour Establishment
05.2004 - 02.2007
Assistant Financial Manager
Daewoo Motor Egypt
06.2000 - 02.2004
Chief Accountant
York Air Conditioning & Refrigeration
01.1996 - 01.2000
Mini MBA - Business Finance
Ongoing - undefined
CMA
English School - Primary, preparatory, secondary
Heliopolis
Finance Director
Masria Card
1 2019 - Current
Bachelor of commerce - accounting and auditing
Ain Shams University