Summary
Overview
Work History
Education
Skills
Job Description & Responsibilities
Accomplishments
Courses
Timeline
Generic
Emad Zaghloul

Emad Zaghloul

Financial Controller
Dubai

Summary

Experienced Financial Controller with more than 17 years of success. Skilled With a backgraound in Automotive, Healthcare and Trading Industries.


Responsible for overseeing all financial aspects of the company, including financial planning, budgeting, forecasting, accounting, and reporting. supports the Managing Director to drive performance. ensures that the financial performance of the countries is transparent, as predictable as possible and that non-achievement of targets is recognized early and addressed with appropriate measures. assures that the drivers and levers for achieving the business targets of the country are well understood and applied appropriately.

Overview

17
17
years of professional experience
4
4
years of post-secondary education

Work History

Financial Controller

Basic Medical Equipment Trading (Abbott , Terumo)
1 2017 - Current

Acting Finance Manager

HYUNDAI, JUMA AL MAJID Group Of Companies
11.2008 - 12.2016

Senior Accountant

Umniah Telecommunications, Batelco Jordan
01.2008 - 11.2008

Accountant

ASLAN & AL, QUSAIFI FMCG, FMCG Trading
01.2007 - 01.2008

Education

Bachelor's Degree - Financial Economics

Hashemite University
Jordan
09.2002 - 12.2006

Skills

    Budgeting & Revenue Planning

    Income Statement P&L Management

    Risk mitigation Management

    Attention to detail

    Financial Reporting & Analysis

    Forecasting

    Internal Controls

    External Auditors Management

    Creative Problem Solving

    Internal Control

    Cost Management

    Process Re-Design

    Risk Management

    Regulatory Compliance

    IFRS proficiency

    Financial Statements Expertise

Job Description & Responsibilities

Performance Management

  • Generate and maintain transparency with respect to the performance of the company in total and its functions and entities. This refers to all business assigned to and reported within the company.
  • Analyze the financial performance on a monthly basis, especially (but not limited to)

o Stock Management & Ordering. 

o Margin variation

o Expense and Headcount development by function

o Working Capital (Receivables, Inventory, Liabilities, Assets, Cash Flow ... etc) 

  • Identify relevant deviations versus plan/target and/or prior year
  • Define, implement, and track adequate countermeasures and improvement measures together with the Management teams to react to identify gaps vs. targets and / or to adapt the organization to external changes
  • Actively manage working capital, especially trade receivables, including, as necessary, credit analyses, monitoring of payment conditions, tracking of overdue receivables and exception approvals
  • Evaluate project business and large tenders. Provide transparency as to the profitability of such business Provide data to calculate target achievement for bonus payments

Planning, Forecasting

  • Coordinate the overall planning process (in line with Group planning guideline/instructions) for the company including required alignment between entities and Region
  • Make sure that deadlines for planning and forecasting are met
  • Check plausibility of company planning data considering YTD results, order backlog, and market development: planning data has to be realistic, adequately considering risks as well as opportunities
  • For target setting, consider relevant economic framework conditions of departments and set ambitious but realistic goals
  • Support simulations for different business scenarios
  • Support sales management in enforcing the use of sales forecasting tools across all sales entities to generate transparency with respect to the sales funnel and in order to generate a solid basis for sales revenue and production planning

Business Support

  • Participate and support in company strategy design, formulation, implementation, and reviews in close collaboration with the Regional and Country management teams
  • Actively participate in the creation of the value-based steering of the Country e.g. by supporting/providing predictive modelling, forecasting/extrapolation and or statistical analysis
  • Prepare strategic decisions and implement strategic projects as assigned
  • Provide financial/commercial support/advise to set-up new businesses, launch new products or close business activities
  • Provide internal and external benchmarking as appropriate
  • Provide financial advice to Management and Human Resources in setting up, implementing and maintaining a value-based incentive scheme. This scheme must support the performance targets in all subsidiaries of the region
  • Provide financial/commercial advice in project and large tender business, e. g. clarification of commercial conditions and their impact on profitability, support in contract structuring etc.
  • Interface with other organizational units to ensure availability of relevant financial data as well as support the alignment among the functions
  • Harmonize and improve business processes where possible and reasonable

Monthly reporting

  • Assure correct and efficient closing and reporting processes within the entities
  • Check quality and plausibility of reporting data. Ensure that monthly and year end closings are in accordance with the Group Accounting Guidelines and other existing reporting instructions
  • Assure that meaningful commentaries for the entities are available. The commentaries should explain the performance, stress significant deviations and state any possible risk regarding target achievement
  • Follow-up on reporting errors and assure high data quality
  • Make sure that deadlines for monthly and year end closings are met

Compliance

  • Support the implementation of precautionary internal control measures such as releasing work instructions or operational procedures to ensure that all financial transactions comply with applicable internal guidelines and national law in close collaboration with the Managing directors
  • Closely collaborate with the Managing directors on the local adaption and administration of authorization schemes for the organizations
  • Do not accept non-compliant behavior - in case of non-compliance escalate and inform the superior. Make sure that the compliance department gets involved, if appropriate

Risk Management

  • Support the set-up and maintenance of an appropriate risk management system
  • Ensure a risk reporting according to the existing guidelines
  • Support and monitor the execution of countermeasures in order to mitigate risks

Finance, Accounting

  • Where applicable, manage accounting functions in the company
  • Ensure financial records are maintained in compliance with accepted policies and procedures
  • Be responsible for the book-keeping along with other current duties like payments
  • Ensure that all statutory financial reporting deadlines are met
  • Establish and monitor the implementation and maintenance of adequate accounting control procedures
  • Prepare and coordinate financial audits
  • Prepare tax computations and returns ensuring compliance with payment, reporting and other tax requirements
  • Ensure account/bank/cash reconciliations
  • Be the contact person for auditors and local banks
  • Control capital expenditure and ensure that cost efficiency principles are followed throughout the country
  • Constantly evaluate and monitor the foreign exchange exposure and align with headquarter as to hedging measures

Monthly reporting

  • Assure correct and efficient closing and reporting processes within the Country entities
  • Check quality and plausibility of reporting data. Ensure that monthly and year end closings are in accordance with the Group Accounting Guidelines and other existing reporting instructions
  • Assure that meaningful commentaries for the entities are available. The commentaries should explain the performance, stress significant deviations and state any possible risk regarding target achievement
  • Follow-up on reporting errors and assure high data quality
  • Make sure that deadlines for monthly and year end closings are met

Leadership

  • Assure adequate set-up of finance functions in the region
  • Ensure recruitment, assignment, training, promotion, development, termination of finance and controlling staff in the frame of the internal human resource policy
  • Evaluate performance of subordinated staff and give feedback on a regular basis, follow-up on results of the global employee survey
  • Ensure succession planning
  • Development of employees

Accomplishments

  • Establish a medical store adhere with Ministry of Health regulations and the Quality assurance of suppliers
  • Control the operating expenses and reduce the same YOY (year over year) with minimum 5% yearly and higher in specific years
  • Establish Commission & bonus scheme for sales team reflect a 15% revenue growth through using specific KPIs serve the company vision
  • Implementing a systematic stock taking project through RFID system and using the tagging system for each item which improve the stock taking of 25,000 items within less than 1- hours
  • Handle a project of enhancing the logistic, shipping and ordering process for stock management Which reduce the storage of inventory more than 20% without an impact on revenue channels
  • Develop a company structure for staff, responsibilities and job description
  • Significant contribution by enhancing the current process for implementing the financial standard through the cost update for items with related expenses
  • Distinguished efforts in segregating the expenses account for the financial income statement to be support the decision maker identify the main weakness issues
  • Instrumental in setting up a several workshops for operations staff in order to clarify the financial process which related to their area (Courses finance for non-finance)
  • Set up a new procedure for customer invoicing process to maximize the efficiency
  • Participate in Policy writing committee for a group of more than 15 Companies as a main member
  • Achieving an SOP (Standard operating process) project in partner with KPMG audit firm to have clear chart of work flow within the company
  • Control the inventory to reduce slow moving stock and enhance high revenue items.

Courses

  • Pursuing CMA.
  • Proficient in Windows, MS Office.
  • Proficient in Oracle System Applications (ERP), Ideal Soft Application and Quick Books.
  • IFRS Courses - KPMG & Within the Group.
  • Strategy and Performance System Training within Juma Al Majid Group.
  • Leading Organizations efficiency.
  • Strategy and Performance System Training within Juma Al Majid Group.
  • Oracle Communications Billing and Revenue Management, Pricing.
  • Cost optimization in-house course.

Timeline

Acting Finance Manager

HYUNDAI, JUMA AL MAJID Group Of Companies
11.2008 - 12.2016

Senior Accountant

Umniah Telecommunications, Batelco Jordan
01.2008 - 11.2008

Accountant

ASLAN & AL, QUSAIFI FMCG, FMCG Trading
01.2007 - 01.2008

Bachelor's Degree - Financial Economics

Hashemite University
09.2002 - 12.2006

Financial Controller

Basic Medical Equipment Trading (Abbott , Terumo)
1 2017 - Current
Emad ZaghloulFinancial Controller