Magdy Ali

About the Candidate

EMPLOYMENT HISTORY

Financial Controller – International Business

Egyptian International Motors “EIM GROUP”

April 2018 – Present

EIM Group is one of Egypt’s most mature private sectors operations, exclusively distributing and servicing more than 28 world renowned brands in more than 8 business sectors, both in Egypt and in the Region with annual revenues around EGP 10 Billion.

·         Acts as an overseer of the group’s financial health (international business) by taking ownership of the financial reporting process in coordination with financial staff.

·         Oversees internal control implementation, assists with budget preparation, ensures reporting compliance, and manages the monthly reporting process.

·         Catalysts by putting in place processes, then ensuring the new plans are being executed. This includes ensuring that external reporting or filing deadlines are met and that specific changes imposed by external regulatory agencies have been followed.

·         Support Management of our International Legal entities by Monthly Reports, Forecast & Projection templates and Cash Flows in cooperation with our territory financial stakeholders.

·         Develop, document business processes, accounting policies to maintain and strengthen internal controls with adopting all internal process to be consistent with new, adjusted taxes’ regulations and IFRS.

·         Prepares budgets by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans with coordinate and direct the preparation of the budget and monthly financial forecasts and report variances.

·         Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.

·         Prepares special reports by collecting, analyzing, and summarizing information and trends.

·         Prepare and publish timely monthly financial statements and regulatory reporting.

·         Ensure quality control over financial transactions and financial reporting through ratios.

·         Maintains financial staff job results by coaching, counselling, and disciplining employees; planning, monitoring, and appraising job results.

·         Preparing ‘’Financial for Non-Financial’’ quarterly meetings with Sales and Operation team to discuss Forex fluctuations, ECL and any other expected losses.

Finance Manager – International Business, ALKAN CIT August 2007 – Mar 2018

Alkan CIT S.A.E is an Egyptian company with a broad portfolio of the leading telecommunication System Integrator and Solution Provider operating through more fifteen subsidiaries in Africa and Gulf area (Revenues of the Egyptian company USD $100 million per annum).

·         Manage the Monthly & Official Annually Consolidated Financial Statements, budget and quarterly rolling forecasts and completing the reporting requirements for all Legal Stand-Alone subsidiaries’ companies in Africa and Gulf.

·         Maintaining the general ledger, ensuring compliance with GAAP and IFRS.

·         Managing the corporate finance tasks including all financial, management and statutory accounting and reporting.

·         Manage the monthly close process ensuring efficient and timely accounting.

·         Provide day-to-day leadership and support for the local accountants of the legal subsidiary entities in Africa and Gulf.

·         Prepare the monthly and annual Taxes returns and Audit reports for our subsidiaries legal entities with external auditors and tax consultants.

·         Supervising employees in the Finance Department and taking responsibility of the overall direction, coordination and evaluation of this unit.

·         Improving existing processes and streamline workflows.

Cost Control, Petrolube Misr (A Member of Aramco SA)

Nov 2006 – July 2007

·         Preparing monthly management accounts and reports for general ledger reconciliations.

·         Preparing Monthly Productivity Report on Gross Margins.

·         Maintaining internal controls and costing information related to production process.

·         Reviewing all the incoming invoices about production under processing and prepare entries.

AP Accountant, Metro Market Chains (A Mansour Group)

Jan 2003 – Oct 2006

·         Responsible for making and analysing financial reports, reviewing and verifying the accuracy of journal vouchers and AP ledgers.

·         Reviewing all the incoming vendors’ invoices to be recording day by day (Excel & Oracle) to be paid.

·         Following and making the stock count every quarter for each store.

REFERENCES

Eng. Ahmed El-Khashab, 0100 001 6944, CEO at El Sewedy Co.

Mr. Hosny Abdalla, 0100 114 5653, CFO at Alkan CIT.

Mr. Mohamed Salah, 0100 171 8275, Finance Director at EIM Group