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Ahmed Yussef

Candidate ID: 1369203

Career Summary

CA / CS / CFA / Other Professional Degrees with 21 years experience in Accounts / Tax / CS / Audit / Finance functional area

Skill Set

• Corporate Financing • Portfolio management • Financial Planning & Analysis • Financial Decision Evaluation • Working Capital & Treasury Management • Assets Management • Regulatory Compliance • Performance Assessment/Optimisation • Financial Documentation & Reporting • Financial & Operational Risk

Professional Information

Total Experience : 21

Nationality : United Arab Emirates

Qualification Level : CA / CS / CFA / Other Professional Degrees

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

Financial Controller / Manager
Accomplished and performance-driven financial controller with proven excellence in managing preparation and analysis of financial reports, budgets, and forecasts while achieving complex accounting and financial objectives. Extensive knowledge and expertise across corporate accounting and finance, treasury, and audit functions.
Comprehensive background in dealing closely with several sophisticated CFO'S, experienced from highly reputed organisations of USA and KSA. Broad experience in liaising with two of the big four audit companies (Ernst & Young, and KPMG) on quarterly and yearly closing as well as preparation of statutory financial information.
Demonstrated success in developing and implementing innovative financial and control systems with a strong focus on improving existing processes, decreasing costs, and maximising profitability. Experienced leader with innate ability to lead financial management teams to realise corporate goals. Bilingual fluent in Arabic and Advanced in English.
Financial and Management Competencies
• Corporate Financing
• Portfolio management
• Financial Planning & Analysis
• Financial Decision Evaluation
• Working Capital & Treasury Management • Assets Management
• Regulatory Compliance
• Performance Assessment/Optimisation
• Financial Documentation & Reporting
• Financial & Operational Risk Management

Key Career Accomplishments
At Private Group Level:
• Capably solved liquidity problems for two companies through identifying the areas of liquidity depletion by steering adequate analysis and applying applicable actions to resolve issues without affecting profitability.
• Optimised company’s profitability by highlighting areas of profits exhaustion/development as well as recommending corrective actions to senior management.
• Successfully solved theft problem in one subsidiary company by developing innovative control system and procedures in company and whole group level.
• Improved Nigeria main company books for three years by guiding reconciliation of key suppliers, banks, and inventory while modifying the revenues recognition way.
• Transformed new company from loss to profit by using appropriate analysis process to identify right target.
At corporate level:
• Minimised short term loans by 20% (from over SR500 M to less than SR400 M) by leading financial study, which identified the areas of inefficiencies that strategically consume liquidity.
• Improved some treasury policies and procedures and tactics that led to reduce financial cost by more than SR12 M

Professional Experience
TENAUI GROUP, UAE – Sighabor – Nigeria
Group Financial Controller, 9/2017 – Present
Control overall accounting operations, including Billing, A/R & A/P, GL & counsel as well as cost accounting, inventory accounting, and revenue recognition. Deliver active leadership in drafting the annual budget, financial forecasts, and variances analysis, preparing monthly financial statements, and crafting regulatory reporting. Maintain compliance with local, state, and federal government reporting requirements and tax filing system. Ensure the optimal level of quality in financial transactions and reporting.
Key Contributions:
• Devised and implemented best business processes and accounting policies to strengthen internal controls.
• Delivered guidance in preparing special reports that help to enhance Group’s performance, boost liquidity, profitability, and entire wealth of owner, and maintain financial health of the Group.
Treasury and Financial Analysis Manager, 2014 – 10/2016
Expertly negotiated with Banks with an aim to gain better financial facilities, decrease facilities costs, and increase the use of available cash to meet all current obligations.
Key Contributions:
• Refused to renew a Euro Hedging contract with one of our banks, based on reading two reports expecting that the Euro will decrease dramatically due to the financial problems in the European Union.
• Conducted a strategic analysis using CAGR by which I could identify that some of our expenses are growing in a pattern faster than our profits, which lead to accurately identifying and taking action with the reasons, the thing that lead to better growth in our profits, and the important part for me was reducing the consumption of our liquidity that was happing because of those reasons.
• Conducted a small change in our Treasury payment policy, the matter that lead to the cash stay more time in our banks accounts, and reduce the need for short term financing.
• Using my negation tactics in purchasing foreign currencies, I was apple to get a good profits from in each transaction from the rate announced by the banks.
Senior General Ledger Accountant and Credit Controller, 8/2006 – 8/2014
Delivered strategic direction in formulating monthly management reports, analysing creditworthiness, and implementing customer credit terms and conditions. Administered documents to ensure compliance with company's policy, while participating in assessing periodic and annual inventory of materials and fixed assets to match with associated accounts. Kept accurate records of monthly bank statements and tracked differences.
Key Contributions:
• Designed a control system that improved the consistency of data entry in all branches to promote the accuracy of consolidating our books.
• Guiding our ERP Oracle system developer in developing new reports that enhanced the company’s performance.
• Added the Altman z-score technique in evaluating our customers’ creditworthiness, beside the simple used technique.
• Improving the existed excel report to provide more accurate details and accruals schedules.

Education and Credentials
Professional Master in Management Accounting
Arab British Academy for Higher Education, Current
Chartered Financial Manager Award
Chartered Institute of Management, Canada, 2018 (Not Yet Received)
Certified Treasury Professional
Association for Financial Professionals, 2015
Bachelor of Commerce
Faculty of Commerce Zagazig University
Professional Courses & Trainings
Excel For Accounting, Advanced Excel Formulas Course
Financial Modelling, Advanced Financial Modelling Quantitative Financial Modelling & Advanced Valuation Techniques Economics for Equity Researcher & Financial Modelling for Equity Researcher
Fixed Income Fundamentals | FP&A Rolling Cash Flow Forecast Investment portfolio management
MS Office Suite | Time Management, Problem Solving, Team building & Team Management
Excel Crash Course for Corporate Finance | Business Analytics Leveraged Buyouts | Industry Analysis
Operational Risk Modelling | Group of Self-study courses (IFRS-Controller Library-CFO Library-Financial Analysis
Library-Bookkeeper Library) | Deep Experience with ERP Systems (Oracle-SAP-Tally)
Business Communication Competitor-Analysis | the CPA Diploma in IFRS (Currently)
Professional Memberships
Member of Association for Financial Professionals (AFP) - Since 2015 (509888)
Member of Egyptian Union of Commercial Professions (Accounting & Auditing) - Since 1996 (96/4730/96)

Career Note:
Senior Accountant, GLOBAL DISTRIBUTION CO., KSA 2004-2006
Accountant, AL TAISYER INTERNATIONAL GROUP, Egypt 1999-2004
Accountant, ENGINERING SYSTEMS CO., Egypt 1997-1999