Tamer Mohsen

Tamer Mohsen Email and Phone Number

Group Chief Financial Officer @ ATCO Group
Dubai, AE
Tamer Mohsen's Location
Dubai, United Arab Emirates, United Arab Emirates
Tamer Mohsen's Contact Details

Tamer Mohsen personal email

n/a
About Tamer Mohsen

Business and Finance leader with diverse international experience (25+ years) in world leading Fortune 500 companies across multiple industries (mainly Engineering, Technology, FMCG, Industrial and Trading).Strengths beyond financial management expertise include; building & supporting high performance teams, driving & accelerating change, and delivering financial results while maintaining effective controls. I demonstrate a balanced mix of leadership, commercial and political awareness. Actively managed several transitions & turnarounds providing leadership and change management.Member of the Board of Directors for 6 Honeywell Affiliates (Saudi, Oman, Qatar, Bahrain, Egypt & Pakistan).

Tamer Mohsen's Current Company Details
ATCO Group

Atco Group

View
Group Chief Financial Officer
Dubai, AE
Website:
atcogroup.com
Employees:
320
Tamer Mohsen Work Experience Details
  • Atco Group
    Group Chief Financial Officer
    Atco Group
    Dubai, Ae
  • Alstom
    Cluster Chief Financial Officer
    Alstom Jul 2020 - Jun 2021
    Egypt
  • Honeywell
    Chief Financial Officer; Middle East, Turkey & Africa (Meta)
    Honeywell Nov 2016 - May 2020
    Dubai, United Arab Emirates
    Key Responsibilities:- Ensure that country organizations across META operate in an environment of strong internal controls and high standards of financial reporting and accounting & tax compliance. - Drive and report key financial metrics including revenue, margins, working capital, fixed costs and cash across META region.- Advise business on complex accounting issues, as well as establish robust processes and control framework for joint ventures in META.- Support liquidations, new entities setup, Mergers & Acquisitions and integration activities.- Partner with Corporate Treasury to safeguard and optimize cash, investment of free cash and co-ordinate restructuring, acquisition funding, etc.- Partner with legal & tax on litigation/tax matters in META region and the full spectrum of legal/tax compliance from code of conduct to establishing and optimizing legal entities structures.- Lead and deploy functional transformation strategy in the regions/countries and ensure alignment with the target operating model.Key Highlights:- Leading & implementing Finance Transformation second phase in META, transitioning transactional processes to back offices in India which helped standardize processes globally and reduced headcount by 5 FTEs.- $1M Savings of bad debt for AERO business by collecting an amount from a customer in Egypt.- $0.5M Savings in headcount and negotiation better terms for audit and tax services.- Work closely with M&A, legal and tax to successfully closing the following deals: 1 acquisition, 2 recapitalizations, 4 new legal entities setup, and 2 liquidations.- Successfully passing 8 corporate audits across META in 15 months.
  • Honeywell
    Member, Board Of Directors
    Honeywell 2012 - May 2020
    Saudi, Oman, Qatar, Bahrain, Egypt And Pakistan
    Representing Honeywell as a Member of the Board of Directors (with voting rights) in 6 countries; Saudi, Oman, Qatar, Bahrain, Egypt and Pakistan.
  • Honeywell Process Solutions
    Regional Finance Director For Middle East & North Africa | South East Asia & Pacific
    Honeywell Process Solutions Nov 2007 - Jun 2016
    Dubai, United Arab Emirates
    Key Responsibilities:- Covered several geographic areas including; Middle East & North Africa, also covered South East Asia & Pacific during 2011-2012.- Leading a diversified team from 7 nationalities across 6 countries; recruit, develop and retain best talents. Transform the finance function performance to business partnering and customer focus while maintaining strong business controls within a defined governance framework.- Partner management in driving financial performance of different lines of business; developing processes to support growth plans while ensuring financial controls are in accordance with policies and procedures.- Appraise regional financial performance and work closely with the business to drive long term sustainable growth. Review and discuss regional business plans and develop with functional leaders needed action plans to deliver targeted KPIs.- Lead & supervise financial activities for all subsidiaries in MENA including 4 Joint Ventures; covering financial accounting, cash management, budgeting & forecasting, and control over financial operations.- Rolling out “SAP” as part of a global deployment plan to derive maximum efficiency and effectiveness.Key Highlights:- Co-pilot MENA leadership in managing a business turnaround situation which resulted in doubling Sales and tripling Operating Income over 5 years. Partnering with legal to re-frame several Joint Ventures & Agency Agreements. Successfully passing all corporate & business audits over the last 5 years. Reducing monthly close time across the region by 1 day to workday 3 through process enhancement.- While in Saudi saved $1.5M of misappropriations, also returned back to equity approx. $1.2M of unauthorized dividends. On a regional level generated savings of $4.5M over 6 years in agency commissions. Improving A/R days from 150 to 71 days and past dues reduction of 15%PTS.
  • Sunbulah Group
    Group Finance Director
    Sunbulah Group May 2004 - Oct 2007
    Jeddah, Saudi Arabia
    Key Responsibilities:- Develop the finance team to enhance functional competency levels & managerial skills, and create an engaged team with highly competent and motivated employees.- Evaluate procedures, systems, and personnel in the finance division, re-structure & re-engineer processes and personnel as needed to achieve maximum efficiency.- Conduct the company’s cash management strategies; liaising with commercial banks regarding financing requirements for working capital, expansions and new projects.- Conduct the company's business and strategic plans together with a reliable forecasting mechanism that enhance forecasts, planning and support decision making.- Lead a corporate project for a private placement (IPO) through a comprehensive company evaluation and due diligence in cooperation with financial consultancy firms. - Conduct full balance sheet clean-up through rolling out accounts reconciliations processes, write off irrecoverable debts, settlement of suppliers’ disputes and maintaining proper aging reports.- Manage and supervise SAP enhancements; responsible for FI/CO modules.Key Highlights:- Organizational: transformed a flat organization into a structured one, established new functions (Credit, Fin. Analysis, etc.) and improved Saudization percentage from 11% to 42%.- Operational: reduced timing of monthly closing from 6 to 4 working days, final audited statements from May to mid Feb, improved costing, accounting allocations & cash management. Improved relations with financial institutions & banks thus adding $19.7M in credit facilities.- Productivity: restructure bank facilities and rates, generating annual savings of $0.1M. Audit and improve certain allocations in a subsidiary thus saving $0.3M. - Risk management: removed a duplicated bank guarantee of $7.5M, managed a critical insurance claim and saved $0.5M through evidence building, negotiations and close follow up.
  • Schneider Electric
    Cost Control & Reporting Manager
    Schneider Electric Jul 1997 - Apr 2004
    Cairo, Egypt
    Key Responsibilities:- Manage & develop a team of 5 associates to conduct effective & timely monthly closing.- Preparation of business plans (Operations, SG&A, and Capital).- Consolidate and report the results of Schneider companies in Egypt.- Member in a business team to spin off a business segment to Siemens/VaTech.- Assess operational risks, and provide accruals & provisions (cost to complete, obsolescence, warranty)- Manage and supervise all financial operations of a trading subsidiary.- Supervise the tax function, and different tax inspections to maximize overall tax benefit. - Ensure compliance with company policies, accounting principles, laws and regulations to minimize risk exposure for the company.Key highlights:- Organizational: developed a high performing team. Conduct periodic trainings to managers on finance for non-financials and received the corporate 1st award for people’s development.- Operational: managed operations of 2 subsidiaries, reduced annual inventory count by 2 days, and lead an inventory control committee reducing inventory by approx. $4M over a six months period. Worked with legal and Merger & Acquisition team to close a divestiture deal for a business segment worth $9M. - Productivity: generating savings worth $0.6M in foreign exchange negotiations with a major customer - Systems & procedures: Lead and managed a full financial module implementation (with user training) for SCALA ERP system in a subsidiary generating a saving of $0.1M.
  • Cadburys Schweppes Plc
    Senior Financial Analyst
    Cadburys Schweppes Plc Jan 1992 - Jun 1997
    Cairo, Egypt
    Key Responsibilities:- Preparing periodic performance reports to Management, Headquarters and Shareholders. - Preparing yearly operational budgets and rolling forecasts within the company's policy and guidelines. - Preparation of medium and long-range plans in close coordination with business leaders. - Build local IT network infrastructure and establish LAN/WAN links for 2 remote locations in Egypt with SAP regional centre in Birmingham, UK.- Manage SAP R/3 project implementation; design and setup of master files, cost centre structure, product’s standard cost, data flow cycles, and chart of accounts. Advise and coordinate with consultants on system configuration and business related issues. - Design financial statements and management reports according to the new system output and lead its implementation across Cadbury operations in Egypt including 2 newly acquired companies. Also responsible for the system’s administration and acting as a local reference for SAP system users. Key Achievements:- Partner marketing in a project that improved chocolate products profitability by 8% PTS in 14 months through providing segment data & cost-volume analysis thus adjusting pricing and market positioning.- Leading local implementation teams in Egypt as part of a global team successfully implementing SAP project worth $3M. - Re-designing and implementing financial reporting working files post SAP go live.

Tamer Mohsen Skills

Financial Audits Financial Reporting Financial Analysis Management Forecasting Finance Managerial Finance Mergers And Acquisitions Cost Accounting Internal Controls Sarbanes Oxley Act Ifrs Consolidation Project Finance Variance Analysis Manufacturing Corporate Finance Business Strategy Working Capital Management Cash Flow Cost Management Team Leadership Team Management Hyperion Enterprise Business Planning Sap Budgets Process Improvement Analysis Leadership Erp Change Management Accounting Financial Accounting Business Process Improvement Sap Products Budgeting Enterprise Resource Planning

Tamer Mohsen Education Details

Frequently Asked Questions about Tamer Mohsen

What company does Tamer Mohsen work for?

Tamer Mohsen works for Atco Group

What is Tamer Mohsen's role at the current company?

Tamer Mohsen's current role is Group Chief Financial Officer.

What is Tamer Mohsen's email address?

Tamer Mohsen's email address is ta****@****tom.com

What schools did Tamer Mohsen attend?

Tamer Mohsen attended Institute Of Management Accountants, Ain Shams University.

What skills is Tamer Mohsen known for?

Tamer Mohsen has skills like Financial Audits, Financial Reporting, Financial Analysis, Management, Forecasting, Finance, Managerial Finance, Mergers And Acquisitions, Cost Accounting, Internal Controls, Sarbanes Oxley Act, Ifrs.

Who are Tamer Mohsen's colleagues?

Tamer Mohsen's colleagues are Iwan Achmad, Nisar Ansari, Imran Hasan, Alexies Alido, Sevgi Cekinmez, Saturnino Jr. Cabatu, Ricky Justado.

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