Maged I. Email and Phone Number
Maged I. personal email
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An experienced Financial, Audit and Internal Control Manager in various assignments in different countries with different objectives with Key strengths include: understanding complex business requirements within large multi-national organisations; leading detailed process and gap analysis to identify weaknesses and formulate remedial measures; review and implement strong internal controls; perform fraud investigations and propose prevention methods; SOX and management testing; and developing and implementing high level stakeholderengagement strategy to drive successful corporate governance implementation and monitoring programme delivery. Successful implementation of major transformational change projects.With an extensive knowledge of • Internal Control, analytical thinking, solve problems and Reporting• Proven skills in the effective use of relevant computer packages• Demonstrated ability to understand the business strategy and the financial aspects• Professional communication skills include fluency in English • Proficient in using MS Office, Oracle, Lawson, AS400, Hyperion , Cognos , Power BI and BlackLine• Successful SAP implementation
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Production Facility And Division ControllerSchlumbergerHouston, Tx, Us -
Production Facility/ Division ControllerSchlumberger Feb 2020 - PresentHouston, Texas, Us- Headquarter Production Facility Controller for North America and Middle East.- ESG Production Controller (Cameron Valves, Production Tech., Subsea, Completion and Artificial Left).- Provide business and financial support to GeoUnit Manager and HQ.- Own the financial KPO’s for Product Line Worldwide and HQ mainly Optimize free cash flow, including key indicators like DSO , Capex , Inventory and liquidity.- Manage the business line North America financial profitability results and accounting transactions including billing, receivable, payable , payroll.- Control the integrity of balance sheet notes.- Mentoring and guiding Houston and KL Hubs management accountants and regional Controllers.- Reviewing Tenders before submission and ensure from quality of profitability and positive cash flow. - Maximize profitability Monitor other functions performance mainly Supply Chain, HR and Commercial. -
North America Offshore Group ControllerSchlumberger Dec 2018 - Feb 2020Houston, Texas, Us- North America Offshore Operations Controller for Drilling Group (MI , D&M and BDT product Lines).- Responsible for $1 Billion Offshore activities in USA ,Canada , Trinidad and Guyana.- Provide business and financial support to the GeoMarket Operations Manager and team via an engaged business partnering approach to ensure effective profitability and free cash flow management.- Own the AR Management KOP in the GeoMarket and ensure the full implementation, adoption and effectiveness of the processes to support the business and drive the associated metrics.- Develop and manage the financial profitability results (including performance vs plan) and highlight profitability concerns to the GeoMarket Operations Manager and team.- Collaborate to identify root causes and propose action plans around profitability issues.- Monitor and enforce internal controls and compliance.- Manage ad coach the product line FPA team to comply with local and government tax and customs requirements. -
Segment Finance Manager - North AmericaSchlumberger Jan 2015 - Nov 2018Houston, Texas, Us- North America Finance Manager for MI SWACO offshore and onshore operations , handling 16-18 of Finance Team in Houston HUB- Responsible for MI activity in USA and Canada for all analysis, reporting, process improvements, financial performance and business planning- Responsible for increasing performance and managing relationship with the 9 GeoMarkets- People management & Career Planning for Management Accountants and Segment Leads.- Responsible for quality and accurate Group and Segment Reporting to OFS, Area and Segment HQ- Responsible for submission and developing of key reports to the Operations Manager and Seg. HQ - Setting and monitoring segment KPI’s and ensure from delivering results.- Training & Developing the finance population with key segment expertise- Mentoring and guiding management accountants and regional segment leads- Ad-Hoc Projects (e.g. migration, managing workshops)- Participated in Key projects: SAP Implementation, PowerBI reporting and BSN clean-up projects. -
Financial ControllerSchlumberger Mar 2012 - Dec 2014Houston, Texas, Us- Restructure of Iraq finance team in Kurdistan region and train the employees to run the finance roles centrally from Iraq - Responsible for the overall financial management and profitability of GeoMarke Business Line with activity of $80M revenue per year- Responsible for monitoring the working capital by keeping DSO, Capex, Invenotries and Liquidity indicators at optimal levels. - Ensure that all financial transactions are recorded in compliance with the company policies and procedures including corporate ethical policies and internal controls.- Organize periodic audits internally and assist in external audits. - Ensures that the accounting transactions are recorded in complaince with the local accounting regulations and practices. - Coordinate the preparation and analytical review of management financial information relative to historical trends, forecasts and developments within the industry. - Provide financial input to the management regarding the strategic development . - Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources. - Review and examine the financial impact of new and existing investment opportunities . - Maintain control over and maximum use of working capital. - Train line managers to interpret and comprehend financial statements and principles, and coach them regarding key business segment drivers. Provide the financial training for the operation. - Answer inquiries regarding financial assets, recommend policies, and advise and council line management. - Review and approve all material non-FTE Capital Acquisition Reviews (CAR's).- Involvement in bids and reviews all major tenders ( risks and opportunities) and contracts - Complete and review monthly financial reporting. - Understands, reviews, implements, complies and assists with development of Sarbane Oxley requirements as defined in the risk control matrix. -
Financial ControllerSchlumberger Jan 2011 - Feb 2012Houston, Texas, Us- Responsible for the overall financial management for SLB in Syria and Jordan with activity of $60M revenue per year- Preparing financial reports, budgets, cost reports and financial forecasts on a regular basis - Overseeing the accounting staff, and the financial analysts- Design and maintain the financial models to ensure the proper reporting of accurate monthly and quarterly revenue and income forecast - Mentoring accountants for purposes of ensuring that their accounting and analysis duties are done well- Responsible for Treasury and cash management- Dealing with different sanctions and related impact in cash management - Responsible for Taxes including Corporate, VAT and income taxes -
Operations ControllerSchlumberger Jul 2009 - Jan 2011Houston, Texas, Us- Ensuring the safeguarding of company assets through adequate internal control- Provide financial decision support to the management group- Control over and maximum use of working capital- Preparation of accounts including variance analysis versus standards- Review supply chain and supplier contracts to optimize cost and quality- Resourcing, promotion and development of professional personnel- Analyze profitability of new business opportunities via contract reviews, bid support and evaluation of risk versus reward prospects -
Geomarket Internal Auditor And Compliance ManagerSchlumberger May 2007 - Jun 2009Houston, Texas, UsThe primary was to provide reasonable assurance to managers that: • Financial and operating information is accurate and reliable; • Policies, procedures, plans, laws and regulations are complied with; • Assets are safeguarded against loss and theft; • Resources are used economically and efficiently; and • Established program/operating goals and objectives will be met- Responsible for independent assessments of internal controls, SARBOX 404 and balance sheets through monthly, quarterly and annual reviews.- Independent assessment of the adequacy of the Quarterly Controls Confirmations- Insure that Internal Control Questioner (ICQ) is accurately prepared and uploaded and uploaded into Quest and timely closer of all resulted action items.- Investigates potential internal control deviations. All suspected deviations are immediately reported to HQ and are properly investigated in accordance with SL guidelines and concluded on within 60 days; and all resulted action items are logged in Quest- Increase knowledge and understanding of processes and key controls within the Geomarket.- Directs projects including consulting on systems, accounting procedure, bank security, process design, etc. - Participate in Schlumberger limited worldwide internal audits and special assignments. -
Business AnalystSchlumberger Feb 2005 - Apr 2007Houston, Texas, UsMain Project : SOX –SPICE and Inventory Champion Provide financial support to the Controller and Operations Managers in order to ensure that each significant business decision is given proper financial consideration, also entail going beyond the numbers to assess business trends, develop root causes of business issues and to identify opportunities for reduced costs and improved productivity.- Analyze and control investment (Capex, Inventory, Projects, DSO)- Perform monthly reviews of Profit & Loss and Balance Sheet accounts relating to area of responsibility, including business indicators such as profitability and liquidity- Assist with financial planning, forecasting and monitoring of results versus objectives- Ensure across-the-board implementation of standard finance practices- Identify weaknesses in internal control and suggest improvements- Assess and highlight opportunities for increased cost efficiencies- Develop and evaluate business or project financial metrics and drivers- Analyze profitability of new business opportunities via contract reviews, bid support and evaluation of risk versus reward prospects- Support mentoring and development of Accountants- Participate in Internal Audit assignments and support fraud investigations- Conduct financial training for field engineers and managers- Assist with ad hoc reporting, analysis or projects as required- Reporting of FP20 numbers and providing FP 20 comments- On a quarterly rotational basis be the focal point for all auditor queries. - Review their segment Balance Sheets and ensure there is adequate follow up on all outstanding items. and on a quarterly basis prepare the exposure report relating to their segments- Ensure procurement made is in compliance with EEG internal control (SWPS PO, reception properly done on a timely manner) - Ensure SOX is effective and prepare the monthly SOX file. -
Management AccountantSchlumberger Jun 2003 - Jan 2005Houston, Texas, UsInvolve the development and interpretation of accounting information intended specifically to assist management in running the business.Provide information about decision-making authority, for supporting, evaluating, and rewarding decision-making performance.- Review Balance Sheet Notes and do the proper actions.- Check the Fixed Assets list and do the necessary actions regarding the Acquisitions, Depreciations and Disposal.- Handle Inventory accounts.- Review monthly local expenditures and cross charges.- Do the monthly reports: Variance report, forecast reports, revenue reports, etc…- Do the proper adjustments and accruals.- Handle the Geo Market Consolidated reports for Egypt, Syria & Sudan.- Handle the Intercompany transactions and do the monthly reconciliation.- Hyperion & Lawson super user. -
Senior AccountantBaker Hughes Jan 2002 - Jun 2003Houston, Texas, UsWestern Geophysical Division - Payments of petty cash voucher and do the necessary journal entries.- Computerize financial transactions.- Financial planning reports: operating expense, budget report, cash budget reports.- Prepare bank reconciliation statements & monthly payroll.- Review sub contractors and suppliers' invoices in light of their price lists and service agreements and approve same for payment.- Analyze head office expenses and allocate them to proper accounts according to the chart of accounts.- Handle and carry out all of the company's correspondences with Tax Department, Social Insurance Department and Banks as well as with all services companies during operational and non-operational periods.- Assist EGPC's Auditors during the audit of the Cost Recovery expenditures.- Finalize FS, Corporate taxation (Income taxes & Commercial Taxes) & w/h tax. -
AuditorDeloitte Nov 1999 - Jan 2002Worldwide, Oo- Compile and analyze financial information to prepare financial statements including monthly and annual accounts- Obtaining an understanding of major accounting processes and internal control procedures of the entity and the identification of risks of material misstatements.- Providing the client with detailed report regarding the audit findings and control deficiencies with suggestions to help in Improving the internal control efficiency and risk reduction.- Preparation of proposed draft financial statements in accordance with international financial reporting standards for discussions with manager and client.- Assistance in mapping the GAAP/IFRS chart of accounts of several international companies operating in Iraq, to the local Iraqi unified accounting system - Design and maintain the financial models to ensure the proper reporting of accurate monthly and quarterly revenue and income forecast - Mentoring accountants for purposes of ensuring that their accounting and analysis duties are done well
Maged I. Education Details
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Ain Shams UniversityAccounting And Finance -
The American University In CairoAccounting And Finance -
The American University In CairoAccounting
Frequently Asked Questions about Maged I.
What company does Maged I. work for?
Maged I. works for Schlumberger
What is Maged I.'s role at the current company?
Maged I.'s current role is Production Facility and Division Controller.
What is Maged I.'s email address?
Maged I.'s email address is ma****@****ail.com
What schools did Maged I. attend?
Maged I. attended Ain Shams University, The American University In Cairo, The American University In Cairo.
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