Michael Sobhy Email & Phone Number

Cairo, Cairo Governorate, Eg

Cairo, Egypt

- Leading the Commercial Finance Team; managing both Trade spend reporting and analysis as well as operations leading around 200 FTE’s.- Leading Credit Management of multibillion EGP.- Leading 43 Depots Operations- Leading multimillion Trade Spend and Field Marketing.

- Leading the Statuary Financials reporting across all clusters (20 legal entities).- Leading IFRS implementation across all clusters.- Leading Internal Control implementation across all clusters.- Leading ERP enhancement project, Record to Report end to end across all clusters.

- Lead the total company annual budget financial statements.- Lead the total company annual Medium Term (3 up to 5 years projections).- Lead the month end closing process for the Business.- Validated & presented the executive presentation for EXCOM for the Actual performance of the business.- Analyzed the Actual financial statements and providing comments on variance for Actual vs. Budget and Rolling Forecast for the Business.- Lead the Deep dive analysis of each site… Show more - Lead the total company annual budget financial statements.- Lead the total company annual Medium Term (3 up to 5 years projections).- Lead the month end closing process for the Business.- Validated & presented the executive presentation for EXCOM for the Actual performance of the business.- Analyzed the Actual financial statements and providing comments on variance for Actual vs. Budget and Rolling Forecast for the Business.- Lead the Deep dive analysis of each site performance (15 sites).- Lead the revised monthly Forecast financial statements for the business.- Supported the business in the appropriate decision making in bridging gap vs. budget while providing accurate Year to go figures.- Prepared Capex report & follow up on actual vs. budget for the Business.- Prepared projects financial justification and project payback period.- Ensured sustainable reductions in working capital are made through management of inventory levels at all plants.- Ensured the implementation of Internal control standards.- Ensured the implementation of Compliance rules and Regulations.- Managed the Controlling Team (2 FTE’s)- Managed the site accountant team (18 FTE’s)Accomplishments:1. Built up the forecasting model for the Ready Mix business with around 15 remote sites.2. Validated and lead the reporting self service project go live.3. Lead and solved many business, system & compliance related issues.4. Finance for non Finance Trainer for the Country (All business units). Show less

- Acted as the Finance Business Partner for the Industrial Director for the largest Cement Plant in the Group.- Ensured relevant accurate management information is provided for the Group reporting.- Reported the monthly plant performance cost statements, KPIs, performance measurers with variance analysis and benchmarking to support management decisions.- Drived and coordinated the Plant budget and forecast processes.- Ensured that the financial transactions in the site comply… Show more - Acted as the Finance Business Partner for the Industrial Director for the largest Cement Plant in the Group.- Ensured relevant accurate management information is provided for the Group reporting.- Reported the monthly plant performance cost statements, KPIs, performance measurers with variance analysis and benchmarking to support management decisions.- Drived and coordinated the Plant budget and forecast processes.- Ensured that the financial transactions in the site comply with legal and company requirements. - Ensured monthly follow up of OPEX budget spending and analyze variance.- Ad hoc head office projects as assigned.- Contributed in the SAP Implementation Project in the country.- Ensured timely implementation of internal and external audit recommendations.Accomplishments:1. Built up the Plant controlling team that consisted of 3 FTE’s.2. Developed the stock management procedure for inventories amounted to EGP 1 BLN.3. Designed the stock cover control dashboard.4. Lead & designed the Plant cost centers structure in the SAP project preparations. Show less

Egypt

- Lead the Finance stream integration between the current team & the new acquired factory.- Designed the Finance Team new organizational structure.- Contributed on the post deal closure in terms of assigning legal & Tax partner, insurance, Purchase Price Allocation & Adjustments- Lead the new Business scenario for the pilot sales of the new products.- Lead the implementation of the ERP system in the new factory- Manage the Escrow Account Claims

Cairo

- Ensure high level of Internal Control in the whole organization (HO, 2 Factories & Farm) including reliability of financial reporting, effectiveness & efficiency of operations.- Document procedures and controls to prevent internal control risks (inefficiencies, fraud, errors, misstatement)- Set internal control policies (scope: all operational processes with potential financial impact)- Independently evaluate internal control effectiveness according to Danone Internal Control… Show more - Ensure high level of Internal Control in the whole organization (HO, 2 Factories & Farm) including reliability of financial reporting, effectiveness & efficiency of operations.- Document procedures and controls to prevent internal control risks (inefficiencies, fraud, errors, misstatement)- Set internal control policies (scope: all operational processes with potential financial impact)- Independently evaluate internal control effectiveness according to Danone Internal Control Evaluation methodology and reporting to the Group Internal Control Committee.- Provide recommendations to management and follow up implementation of appropriate action plans.- Ensure that adequate internal controls requirements are taken into account in system/organisational projects.- Develop internal control awareness in the organization with communication and animation.- Develop cross functional teams (Business Process Owners of each function)- Facilitate external audit and Group internal audit engagements- Identifying and discussing Risks with the Board of directors along with putting the Risk mitigation plan and reporting to the Group Risk Committee.- Identify areas of priorities and validate the audit plan with Management Committee- Investigate cases of potential fraud Show less

- Provided visibility around costs related to the business processes (Corporate Costs & Distribution Costs) through driving of relevant analyses and reporting.-Managed the achievement of the Corporate Working Capital Target through challenging its components: R&P stocks, FG Stocks, Payables & Receivables. -Validated the financial impact of improvements projects savings within the Company.-Provided timely reports & analysis of all efficiency KPI's as well as discussing of the results… Show more - Provided visibility around costs related to the business processes (Corporate Costs & Distribution Costs) through driving of relevant analyses and reporting.-Managed the achievement of the Corporate Working Capital Target through challenging its components: R&P stocks, FG Stocks, Payables & Receivables. -Validated the financial impact of improvements projects savings within the Company.-Provided timely reports & analysis of all efficiency KPI's as well as discussing of the results submitted by the various departments within Supply Chain & Factories .-Presenting monthly KPI's to the Top Management in the Monthly Board Meeting.-Supported Distribution Team in elaborating the financial justifications of capital investments of Trade Assets and Warehouse expansion projects.-Monitored slow moving materials (Finished Goods, R&P and Factories Spare Parts).-Ensured the implementation of the Group & Internal Audit recommendations.-Ensured smooth operations within Supply Chain process areas though improving and aligning the End-to-End processes.-Validated the Basic DMAIC & Green Belt projects initiated from various teams in SC. Show less

-Prepared monthly full forecasted P&L for the Business in Egypt, Libya & Horn of Africa to avoid surprises in financial reporting.-Reviewed and commented on the Business Unit Actual P&L at a Business & Country level.-Performed analysis to identify performance gaps and improvement opportunities.-Drive transparency and performance improvements through the Business Unit financial and non-financial KPI's.-Challenged forecasted volume prepared by Sales and Planning Department around… Show more -Prepared monthly full forecasted P&L for the Business in Egypt, Libya & Horn of Africa to avoid surprises in financial reporting.-Reviewed and commented on the Business Unit Actual P&L at a Business & Country level.-Performed analysis to identify performance gaps and improvement opportunities.-Drive transparency and performance improvements through the Business Unit financial and non-financial KPI's.-Challenged forecasted volume prepared by Sales and Planning Department around which supply planning is executed.-Provided timely reports & analysis of KPI's. Show less

-Lead the Data Control and Loading for the SAP implementation Project.-Ensured that the Data Ownership is clearly defined and effectively communicated to all stakeholders in terms of treating the Data as a company asset.-Raised the awareness throughout the Company of the SAP Data Standards and Data Management vision & approach as well as the corresponding implications.-Ensured appropriate training of Data standards across the company to people dealing with Master Data.-Performed… Show more -Lead the Data Control and Loading for the SAP implementation Project.-Ensured that the Data Ownership is clearly defined and effectively communicated to all stakeholders in terms of treating the Data as a company asset.-Raised the awareness throughout the Company of the SAP Data Standards and Data Management vision & approach as well as the corresponding implications.-Ensured appropriate training of Data standards across the company to people dealing with Master Data.-Performed cleansing of Legacy Data in terms of identifying Duplicate, Obsolete, Missing & Inaccurate Data.-Followed up and ensured that the Data Collection instruction is communicated to Business and that the Data Collection deadlines are respected. Show less

-Provided Top Management with the Audit report along with the supporting working paper.-Contributed in the improvement of operational efficiency in terms of evaluating the entire unit or division.-Wrote numerous Reports & Proposals regarding Audit findings & recommendations.-Contributed in the discussions of the Audit findings & recommendation with the Line Managers as well as the Board of Directors.-Followed up the implementation of the Decisions of the Top Management based on… Show more -Provided Top Management with the Audit report along with the supporting working paper.-Contributed in the improvement of operational efficiency in terms of evaluating the entire unit or division.-Wrote numerous Reports & Proposals regarding Audit findings & recommendations.-Contributed in the discussions of the Audit findings & recommendation with the Line Managers as well as the Board of Directors.-Followed up the implementation of the Decisions of the Top Management based on the Audit Reports.-Developed the “Centralized Policies Control System” and Wrote as well as proposed several policies & procedures to cover identified gaps. Show less

Bachlor, Accounting Major, Very Good

General Secondary Certificate