Ahmed Abd El-Aty - Group CFO 13-07-2016

Ahmed Mahmoud Abd El-Aty
Egypt, Cairo, 6th October City Phone: +20 100 646 2080
LinkedIn profile: https://eg.linkedin.com/in/ahmedaaty Skype: ahmed_a_aty, Email: ahmed_a_aty39@yahoo.com
CAREER OBJECTIVE
A management professional completed CMA & MIBA and 25+ years of proven track record in providing Planning, Budgeting, Financial
Analysis, Maintenance of policies and procedures, Developing accounting & costing systems, banking and cash flow management
across various sectors were including Middle East & Egypt. Seeking a challenging position with a reputed organization to utilize
acquired skills in making tangible contributions to the whole financial situation and position.
SKILLS
 CMA – Certified ManagementAccountant
 MIBA – Master of International Business Administration.
 Excellent command of English language (reading, speaking & writing).
 Expert MS-Office, MS-Project user,ORACLE ERP Financial user,MicrosoftDynamics AX ERP user & JD-Edwards ERP user
 Communication & Interpersonal,Analytical & Creative Problem Solving.
 Leadership,Group Dynamics,Supervisory& ManagementSkills,Prioritizing,Time Management.
Professional Experience.
Freelancer, Feb 2016 – present
Finance, Costing & ERP implementation projects Consultant
Currently I am working as Finance, Costing & ERP implementation projects Consultantas a freelancer.
Based on my great Finance and costing and ERP's experiences, I am doing several consultations for Finance & costing for sever al
companies including my previous employer Asfour Crystal in addition I am working as project manager for ERP implementation project
at my previous employer too Asfour Crystal.
My current working status is Part time.
Achievements:
 Implementing Next ERP (Open Source ERP) on one of Asfour Crystal companies, and planning to proceed on the whole
group
CNC Group, Jan 2015 – Feb 2016
Group Chief Financial Officer - CFO
The group is one of the biggest worldwide companies on the field of cement manufacturing, trading and related products manufacturing
like ready mix, Breaks & Blocks. Its head office in Cairo, Egypt with trading company, and ready mix factory, also, the group has trading
company in Dubai. In Mozambique the company have three companies, the first is cement manufacturing company, the other is cement
trading company and the third is logistic company with a big fleet of trucks mainly serving the other two companies. Under process to
have also another two companies in Mozambique,one for ready mix and the other for breaks and blocks.
Achievements:
 Building full finance and administration systems and processes from scratch.
 Building a correct reporting system for the group.
 Building Cash flow tracking system for future expectations.
 Managing the issuance and creation ofthe new companies.
 Arranging the required finance for all the projects in several countries based on the requirements of each company whether it
is projectfinance of working capital finance with all differentfinancial tools.
 Re-structuring the Financial sector with dramatic changes to achieve one of the major strategic objectives of the company to
improve the quality of the products for the financial sector.
 Improving the accuracy of the financial statements through automating some processes.
 Implementing Microsoftdynamics AX ERP for the whole group.
 Implementing Sales Force program and linked with MicrosoftDynamics for the whole group.
 Bundling & managing the HR departmentfrom scratch.
 Bundling & managing the IT departmentfrom scratch.
 Managing Administration & Legal departments
 Following all other departments in the group as if I was GM as there was no GM for the company this including all technical
departments too.
Responsibilities:
 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include
budgeting,tax planning,real estate,and conservation of assets.
 Recommend benchmarks for measuring the financial and operating performance ofdivisions and departments.
 Manage the preparation offinancial outlooks and financial forecasts.

 Approve and coordinate changes and improvements in automated financial and management information systems for the
company.
 Ensure compliance with local budgetaryreporting requirements.
 Prepare financial analysis for contract negotiations and productinvestmentdecisions.
 Work with departmentmanagers and corporate staffto develop five year and ten year business plans for the company.
 Establish and implementshort- and long-range departmental goals,objectives,policies,and operating procedures.
 Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and
objectives.
 Serve on planning and policy-making committees.
 Serve as primarylegislative liaison relative to companyfinancial issues.
 Oversee financial managementofforeign operations to include developing financial and budgetpolicies and procedures.
 Direct financial audits and provide recommendations for procedural improvements.
 Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass
salaryupdates,ledger,and account maintenance and data entry.
 Coordinate the preparation of financial statements,financial reports,special analyses,and information reports.
 Develop and implementfinance,accounting,billing,and auditing procedures.
 Establish and maintain appropriate internal control safeguards.
 Interact with other managers to provide consultative support to planning initiatives through financial and management
information analyses,reports,and recommendations.
 Ensure records systems are maintained in accordance with generallyaccepted auditing standards.
 Develop and directthe implementation ofstrategic business and/or operational plans,projects,programs, and systems.
 Assistin obtaining the necessarylicenses and insurance required to starta business.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential
weak areas.
 Responsible to manage and control the HR, Personal and Administration affairs departments.
Asfour Crystal S.A.E., June 2013 – Dec. 2014
Chief Financial Officer - CFO
The organization is the biggest worldwide Designer & manufacturer of High quality chandeliers crystal parts (Trimmings), Crystal
Fashion components (used as decorative components in jewelry & fashion industries), lighting Collection (Chandeliers, Wall Brackets ,
Plafoniers , Table lamps , Floor Lamps , Lanterns and spotlights with crystal ornaments ) Also special designed chandeliers of various
sizes and models, Crystal figurines and 3d laser Gifts, Imitated jewelry & all its machinery & equipment required for the production line.
Its manpower reaches 32000 employee, More than 95% of its sales are export to the whole world. Its competitive advantage worldwide
is the cost leadership.
Achievements:
 Building Cash flow tracking system for future expectations.
 Starting the Banking finance on Asfour as previously Asfour was fully self-financed.
 Starts Sale and Lease back process as a finance tool.
 Re-structuring the Financial sector with dramatic changes to achieve one of the major strategic objectives of the company to
reduce the administrative costs.
 Improving the accuracy of the financial statements through automating some processes.
Responsibilities:
company.
objectives.
 Serve as primarylegislative liaison relative to company financial issues.

 Coordinate the preparation of financial statements,financial reports,special analyses,and information rep orts.
 Develop and directthe implementation ofstrategic business and/or operational plans,projects,programs,and systems.
weak areas.
 Oversee financial managementof foreign operations to include developing financial and budgetpolicies and procedures.
Asfour Crystal S.A.E., October 2010 – May 2013
Costing & Budgeting Departments Manager & Deputy CFO
The organization is the biggest worldwide Designer & manufacturer of High quality chandeliers crystal parts (Trimmings), Crystal
Fashion components (used as decorative components in jewelry & fashion industries), lighting Collection (Chandeliers, Wall Brackets ,
Plafoniers , Table lamps , Floor Lamps , Lanterns and spotlights with crystal ornaments ) Also special designed chandeliers of various
sizes and models, Crystal figurines and 3d laser Gifts, Imitated jewelry & all its machinery & equipment required for the production line.
Its manpower reaches 32000 employee, More than 95% of its sales are export to the whole world. Its competitive advantage worldwide
is the cost leadership.
Achievements:
 Build strong reporting system.
 Great communication for such reports whether on costing or budgeting to all levels reaching the line supervisors.
 Great supportfor decision making.
 Improve the productivity and the production costs using the detailed analysis costing reports.
 Building new software for facilitate the departments efficiency.
 Huge increase on the costing awareness among the whole company.
Responsibilities:
 Perform and supervise month-end costaccounting duties
 Perform and supervise month-end Budgets reports & duties
 Challenge cost,yield and usage standards
 Accurately and properly value production and inventory in accordance with company policies, IFRS and local accounting
standards
 Recommend and establish basis ofcostallocation across plants,subsidiaries and differentproducts
 Set product standard costs,analyzing changes,ensuring standard costs are reasonable and com petitive
 Analyze, monitor and prepare commentaries on production and purchase price variances, incorporating significant events /
variances into the Accounting System
 Ensure accurate costdata generated by the enterprise resource planning system (ERP).
 Manage internal controls over inventory accounting system
 Provide cost accounting advice to Operations and Materials Management, ensuring production variances are properly
controlled and addressed
 Review inventory reports as well as track, monitor and provide timely reports of abnormalities of actual production activities
versus plan and budget.
 Prepare costestimates for new products,supporting Operations personnel in production costcontrol measures
 Prepare and actively participate in Operating Plans and periodic financial forecasts
 Prepare five years business plans for each subsidiaryalone and a consolidated business plan for the group complete.
 Recruit, train, supervise,and evaluate departmentstaff.
 Provide Budgeting & Costaccounting policyorientation for new staff.
El-Sewedy Electrometer – Egypt S.A.E., September 2007- October 2010
Chief Financial Officer - CFO
The organization is the pioneer Electrometer Designer & manufacturer in Egypt & Middle East, has in addition to the Egyptian factory 7
other factories worldwide, Ghana, Zambia, Ethiopia, Brazil, Mexico, India & Czech Republic in addition to commercial branch in China.
It considered one of the greatest player in Africa, More than 90% of its sales are export to the different countries inclu ding its factories
worldwide and other countries as well.
Achievements:

 Build Complete Accounting,Costing,Cash flow procedures and regulations.
 Build the company’s rules and regulations & financial rights and responsibilities.
 Implement JD-Edward ERP system, during the implementation process, implements small accounting system to serve till the
final implementation ofthe ERP (Peachtree).
 Build the controls and assetsafeguard process and procedures.
 Build very wide banking network, and the ability to gain a very competitive pricing for the credit facilities and open several new
credit facilities with more than 6 banks.
 Being in the process ofIPO & PE as a buyer and seller for three times.
Responsibilities:
company.
objectives.
 Develop and directthe implementation ofstrategic business and/or operational plans,projects,programs,and systems.
weak areas.
IDACO Company, Automotive feeding industry Nov. 1997 – Sep. 2007
Financial Manager.
IDACO is the pioneer wiring harness manufacturer in Egypt and middle east located in 6th
October city supplying to most of automotive
manufacturer in Egypt, also supplying to domestic appliances manufacturer too. They are also on of only four companies on the
automotive feeding industry in general approved by WV Germany,and the only company starting supplying WV.
Achievements:
 Build Complete Accounting,Costing,Cash flow procedures and regulations from scratch.
 Implement ORACLE ERP system in complete including MRP. Before ORACLE implement MAPICS ERP under AS400
environment.
 Build complete system to control the cost of imported material and logistics.
Responsibilities:
company.
objectives.

 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint poten tial
weak areas.
Arab Saudi Co. for Poultry Production Feb. 1992 – July 1997
Senior Accountant, L/C Department executive and computer supervisor and programmer
Arab Saudi Co. for Poultry Production, located in Buraydah, Kingdom of Saudi Arabia, one of the companies emerging from Arab Co.
for Livestock Development (ACOLID), emerging from The League of Arab States. This company was producing poultry starting from
mothers,hatchery, meetfarms,slaughter house, feed factory, frozen and chilled stores.
Achievements:
 Smoothen all raw material, components, machinery and equipments including one-day-old live checks flow and on time
delivery withoutany single problem or demurrages for all my working period (about6 years).
 Implementthe accounting system from scratch and responsible for any technical or reporting issue.
 Supervising and administrate the network system,it was Novel at that time.
 Programmer for small programs like payroll,time attendance,and others.(In COBOL language atthat time).
Responsibilities:
 L/C departmentexecutive.
 The head of the purchasing committee.
 Dealing with all importsuppliers starting from requestofquotation,negotiations,technical verifications,till placing orders.
 Following-up all financial issues related to opening the required L/C’s and any other payment methods and following all
required documentations.
 Following-up with the suppliers to ensure on time delivery.
 Following-up with the logistic and clearing companyto ensure on time clearing to avoid any demurrages.
 Prepare all accounting entries and transactions related to purchases and identify the cost of each item and component
purchased.
 Implementing the accounting system and supervise the system and reporting.
 Member of the closing committee responsible for preparing all financial reports (interim and annual).
 Network administrator,itwas Novel at that time.
 Programmer for small programs.
ZAS Airline of EGYPT Dec. 1989 – Jan. 1992
Accountant and Computer Operator at foreign stations Accounting Department
ZAS airline of Egypt was the first privet sector airline company in Egypt, it was started as cargo airline at first and then expanded to
become passenger airline too. It was have about ten stations on different countries worldwide, in USA, Europe, Asia & Africa. It was
have many regular scheduled flights and also charter flights.
Achievements:
 Preparing all financial statements and reporting for about 5 stations from entry preparation, booking, trial balances & analysis,
Balance sheetand income statements,… etc.
 Being main member in the consolidation committee responsible for the preparation of all consolidated financial statements and
reports for the companyas whole.
 The financial representative ofthe companyin front of BSP & IATA.
 Preparing the financial reports for the joint venture between ZAS airline and Sudan airlines, by calculating the dues of each
companybased on prorate of the tickets was served between the both companies.
Responsibilities:
 Accounting and book keeping for five foreign stations .
 Preparing all financial reports and statements for these stations..
 Member on the consolidation committee ofall financial reports and statements ofthe companyas a whole .
 Preparing all the analysis required and insure the correctness of the payable and receivable balance to safeguard the
company’s assets.

Mohammed Gamal El-Dien Ahmed Shawarah’sAccounting Office Jan. 1988 – Nov. 1989
Accountant and Auditor
This was an external audit and accounting office, it was small office at that time, that’s why I was responsible for several customers
accounting system from scratch starting from collecting all related documents, preparing the related accounting entries till we reach all
the financial reports and statements and the tax reports, and finalizing all tax audits with the tax authorities. I was also auditor for some
other customers who were preparing their financial statements.
EDUCATION
Ain Shams University, Faculty of Commerce, Egypt Recently under process
Doctorate's Degree in Business Administration – DBA, Major: Global Management Expected (March) 2018
ESLSCA University, France, Egypt branch, Egypt
Master’s Degree in International Business Administration – MIBA, Major: Global Management (January) 2012
Institute of Management Accountant, USA
CMA (Certified ManagementAccountant) (June) 2009
Ain Shams University, Faculty of Commerce, Egypt
Bachelor’s Degree in Commerce (Major Accounting) (May) 1987
As-Salam College (Language School), Egypt
Prep., Prim. & Sec. language school (Major Math) (May) 1983
Key Courses and Certifications:
 2010: Graduated from LEP (Logic Executive Program) LEP 10
 2009:Six sigma green beltcourse.
 2009: I achieved the grade 557 on TOEFL test.
 2000: ISO 9002 & QS 9000 Quality System, Quality System Audits & Quality System Auditors at QEG.
 1987: Applied accounting from “A.U.C.” the American University in Cairo with final grade “A” score 100%.
 1987 up till now: Many other Training and Business Trips in Japan,South Korea, Singapore,Turkey, France, Sudan,UAE
and others.
LANGUAGES SKILLS
 Arabic and English (Expert)
PERSONAL INFORMATION
 Birth Date (DD/MM/YYYY): 23/01/1966
 Gender: Male
 Nationality: Egyptian
 Residence Location: 6th
of October city, Egypt.
 Marital Status: Married.

Ahmed Abd El-Aty - Group CFO 13-07-2016

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