Accomplished professional with 35+ years of experience in developing and implementing strategic financial procedures and systems while establishing effective operational processes to drive business success and control costs, a demonstrated track record of leveraging a deep understanding of key business drivers and strategic vision to find trends, interpret results, and simply report and analyze to achieve business success and control costs Expertise in leading and motivating teams to take on new lead generation activities, improve work flow processes, and adopt new business practices •Completed the entire process of issuing over 40 letters of credit (LCs) to international/domestic suppliers to import materials•Increased initial operating cash flow by $9M and reduced ongoing cost of capital by 11.2%•Reduced staff from 12 to 7, saving $120,000 annually by consolidating departmental tasks•Lower filing time for quarterly and annual payroll tax returns from 20 to 15 days•Financed a $300M capital expansion project with banks that provided unconventional financing from banks•Led changes in the safety program that resulted in a $25,000 annual reduction in Worker's Compensation costs, a 10% savings•Improved information flow to external auditors, resulting in a $10,000 annual savings, a 25% reduction in audit costs•Reduced Worker's Compensation experience rate by 9% in 12 months • Negotiated with insurance company and generated competitive bids to reduce insurance costs by $20,000 per year, a 15% savings•Converted $1.5M line of credit to $1M 4-years note and $500,000 line of credit by establishing and maintaining a strong working relationship with the bank
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Chief Financial Officer (Cfo)Alisco Group -
Chief Financial Officer (Cfo)Alisco Group Jun 2016 - PresentMuscat, Masqaţ, Oman•Lead financial controls and use sources of funds and reporting •Provide strategic recommendations to the CEO / and executive management team•Cope the processes for financial forecasting and budgets, and command the preparation of all financial reporting•Advise on long-term business and financial planning and monitor and direct the implementation of strategic business program•Spread financial and tax strategies, effective performance measures that support the Company's strategic direction•Engage in key decisions as a management team representative and enjoy close relationships with all management team members•Settle the HR, Finance, Accounting, Legal, Tax and Treasury Departments' management, direction and management•Look after the Company's transaction processing systems and implement operational best practices•Create employee benefit objects, with particular emphasis on maximizing a cost-effective benefits package in conjunction with Supervise acquisition due diligence and negotiate acquisitions•Prepare and/or inspect the issuance of financial information, including 1 month or 3 months management reporting on monthly board of director•Coordinate the annual audit and certify proper filing of all tax returns and explain quarterly and annual financial results to the board of directors•Understand and mitigate key elements of the Company's risk profile with monitor all open legal issues involving the Company affecting the company•Construct and monitor reliable control systems and appropriate insurance coverage -
Chief Financial Officer (Cfo)Smart Glass Oct 2010 - May 2016Cairo, Egypt•Corroborate proper and timely financial and tax accounting with rule annual audits on time•expand and maintain systems of internal controls to safeguard assets and direct the overall financial targets and accounting practice•Superintend the financial performance by developing forecasts and monitoring ongoing performance against plat and settle strong, forward-looking analytical directorship•Partner with senior leaders to push the boundaries of current and future departmental goals and strategies•Steer the Accounting and Finance teams to guarantee that both excellence in day-to-day service delivery and future needs•Bring creativity and passion to the organization, services and possess a broad institutional perspective while embracing change and innovation•Demonstrate proven ability in advancing models and conducting analyses that identify critical trends•Support strategic decision making and create forward visibility by change within the organization through robust financial analysis and strong business partnership•Achieved the production of reporting tools (bridges, scorecards) and key performance metrics to pinpoint management insight into revenue and operating expense trends, track project spending, headcount and potential risks/opportunities to forecast or scheme •Run the monthly variance analysis of actual operating, capital and project spending vs. budget, and forecast •Determine staffing and training needs, evaluate employee performance, and coach Accounting and Finance staff -
Financial ControllerRenardet S.A May 2002 - Mar 2010Muscat, Masqaţ, Oman•Supervise and controlling all financial matters relating to the company invoicing, cash flow, money collection •Produce trial balance sheet every 3 months and report to the global office in France and Netherlands for 2 companies (Arcadis Group + Renardet)•Review all job functions execute by the finance department and ensuring that each employee of the finance department is following procedures designated to position•Produce on a monthly basis an analysis of profit and loss account for company, deduct variances from budget and the reasons for these variances•Review all invoices and ensuring the completeness, accuracy and timeliness of the invoicing together with following-up all overdue and rejected invoices and credit notes raised with the client -
Financial ControllerLcc Oct 2000 - Apr 2002Cairo, Egypt•Implementation and ongoing compliance of LCC Egypt’s internal controls and procedures. •Controlling all financial matters relating to the company.•Reviewing all job functions carried out by the finance department and ensuring that each member of the finance department is following procedures designated to his / her position.•Providing on a monthly basis an analysis of profit and loss account for company, identifying variances from budget and the reasons for these variances.•Preparing budgets for the 2 major projects in the company.•Reviewing all invoices and ensuring the completeness, accuracy and timeliness of the invoicing in addition to following-up all overdue and rejected invoices and credit notes raised with the client.•Monitoring all inventory movements from the materials warehouse and ensure that all inventory usage is invoiced weekly to the client. -
Financial ControllerCipm ( Cib Bank And Ciic ) Mar 1999 - Mar 2000Cairo, Egypt• Implementation and ongoing compliance of CIPM internal controls and procedures. • Controlling all financial matters relating to the company.• Co-ordination with London and Bahrain offices for prospective and potential Clients and Investment. • Reviewing all job functions carried out by the finance department and ensuring that each member of the finance department is following procedures designated to his / her position.• Providing on a monthly basis an analysis of profit and loss account of the company, identifying variances from budget and the reasons of these variances.• Reporting, on monthly basis, to the Board of Directors about the financial investing of the Company.
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Financial ControllerDriwater-Time Release Water Oct 1997 - Feb 1999Cairo, Egypt• Implementation and ongoing compliance of the Company internal controls and procedures. • Controlling all financial matters relating to the company.• Reviewing all job functions carried out by the finance department and ensuring that each member of the finance department is following procedures designated to his / her position.• Providing on a monthly basis an analysis of profit and loss account for company, identifying variances from budget and the reasons for these variances.• Reviewing all invoices and ensuring the completeness, accuracy and timeliness of the invoicing in addition to following-up all overdue and rejected invoices and credit notes raised with the client.• Designing and implementation a new materials sub-module to record and control the purchase and issue of materials.• Monitoring all inventory movements from the materials warehouse. -
Financial ManagerRenardet S.A May 1993 - Sep 1997Muscat, Masqaţ, Oman• Keeping the records of the day-to-day accounts of about 100 Engineers working in ten operating site offices in addition to the main office in Muscat.• Classifying the expenses of the site offices and Muscat office, and preparing the cost control sheets and the projects and the individuals• Issuing of invoices to the clients (Ministry of communications and Muscat Municipality) and following up the process of the invoices until the encashment from Ministry of finance.• Preparing the monthly statements to the Internal Auditing Dept. at the head Office in Geneva and technical office in Rome.• Controlling the site offices accounts and reviewing / checking the monthly statement prepared by each office.• Preparing the plans of the forecast expenses at the beginning of each year and monitoring the monthly expenses.• Proposing to the management, the expenses cut down plan implementation.• Assisting the head of the accounting Dept. in preparing the Balance Sheet.• Preparing the Accounting books and present them to the Auditors. -
Representative Of Heliopolis BranchTnt Apr 1991 - May 1993Cairo, Egypt• Leading the branch marketing team and following up the performance of each individual.• Monitoring the promotional activity plans prepared by the Head the office.• Preparation of monthly reports to the management about the promotional activities of the branch.• Handing all the accounts of the group such as the expenses, transportation, car repairs and maintenance, publicity … etc as well as the income of the operations.• Preparing a monthly and yearly financial statement to the management about the activities of the group as well as the branch. -
Senior AccountantEnvironment House Sep 1989 - Mar 1991Cairo, Egypt• The day-to-day transactions.• Control the accounts of the three factories managed by the Company in Mansoura and Beni Swaif Governorates. • Keeping the accounts books and records.• Issuance of the invoices to the Company Clients.• Follow up the invoices encashment. • Reconciliation of accounts with the Clients.
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Banking OperationsArab International Bank Jan 1987 - Sep 1989Cairo, Egypt•Collection and transfer department worked in all activities such as: a) Incoming and outgoing collection.b) Incoming and outgoing transfer for the client.•Time Deposit Department: worked in the following activities:a) Opening of time Deposit of the different duration (one month, three months, etc)b) Calculating the time Deposit.c) Renewing of the Time Deposits.d) Reallocating the time deposit to the Head Office in order to be placed abroad for time deposit over million US$.e) Assisting to credit department in case of assignment of time deposit against account exposure.•Teller Department and customer services: worked in all the activities of the department such as:a) Opening accounts to the clients.b) Introducing available investments accounts in the bank to customers and explaining the advantage for each account.c) Cashing the checks.d) Calculating interest on the saving current accounts.e) Issuing the travelers checks.
Amr Ghatwary Skills
Amr Ghatwary Education Details
Frequently Asked Questions about Amr Ghatwary
What company does Amr Ghatwary work for?
Amr Ghatwary works for Alisco Group
What is Amr Ghatwary's role at the current company?
Amr Ghatwary's current role is Chief Financial Officer (CFO).
What schools did Amr Ghatwary attend?
Amr Ghatwary attended Ain Shams University.
What skills is Amr Ghatwary known for?
Amr Ghatwary has skills like Finance, Cash Flow, Financial Reporting, Managerial Finance, Financial Analysis, Internal Controls, Accounting, Financial Audits, Forecasting, Ifrs, Corporate Finance, Financial Accounting.
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Amr Ghatwary
Audit Expert At Ubs Internal Audit | Certified Anti-Money Laundering Specialist | Certified Fraud Examiner | Ica Certificate In Compliance | 12+ Years Auditor With 2+ Years Of Compliance SurveillanceCracow
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