About Ahmed ElsawyCFM, CertIFR, FMVA
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Academic Level Degree Bachelor
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Gender Male
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Industry Business Consultancy Services
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Viewed 55
About me
- Senior Finance Professional, offering 19 years of rich experience in Finance & Accounts
- Excellence in reviewing and enhancing all financial procedures and internal controls, automating financial information systems along with business planning & strategy
- Experienced in executing cost-saving techniques to achieve a substantial reduction in expenditure
- Hands-on experience in financial & operational performance monitoring, setting up finance & accounts operations, audit, variance analysis, reconciliations and ensuring interpretation of financial statements
- Enhanced financial processes through initiatives geared towards lowering risk, heightening productivity & improving internal control; extensive knowledge of modern accounting/cost control systems, standards & statutory compliances
- Excels in augmenting finance & business performances to create competitive advantages through vision and cost-generating operational leadership
- Provided insight into the financial decision-making process through analysis, financial projections (planning, budgeting and forecasting) and reporting; brought in scalable financial control in operations
Education
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2018 - 2018
Global Association of Quality Management – England
Certified Financial Manager – CFM
Certified Financial Manager – CFM
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2018 - 2018
Corporate Finance Institute® (CFI), Canada
Financial Modeling & Valuation Analyst - FMVA
Financial Modeling & Valuation Analyst - FMVA
- 2018 - 2018
- 2014 - 2014
- 2014 - 2014
- 1999 - 2002
Experience
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2021 - 2022
Empress Catering Co., Aswaq Al Qurain, Kuwait
Chief Financial Officer
• Analysis and preparation of the annual plan and quarterly forecasts
• Developing annual business plan, annual budgets, and projected cash flow statements and conducting various analyses to determine the difference between projected & actual results and implementing corrective actions
• Conducting an analytical review of financial statements and evaluating Internal Control systems for executing Control Audit -
2017 - 2021
Ultramed International for General Trading Co., Sharq, Kuwait
Finance and Human Resources Manager
• Delivering financial & analytical support to all levels of management; managing fundraising activities by coordinating with banks & various financial institutions, preparing various business models with Financial Reporting
• Defining financial objectives and formulating & implementing systems, policies & procedures to facilitate internal financial control in the areas of pricing, credit and collection
• Devising & implementing policies and procedures as required to ensure that personal and financial information is secure
• Monitoring payroll functions to ensure that employees are paid in an accurate manner
• Managing / mitigating risk related to the Financial Systems and OperationsHighlights:
• Played a key role in augmenting profitability from 20% to 35%
• Pivotal in amplifying the liquidity from 30% to 245% during 2018 -
2016 - 2018
Four Films Printing Group Co., Shuwaikh, Kuwait
Cost Control Manager
• Presented financial analysis of manufacturing plants & products to management
• Collaborated with Vice President of Manufacturing to analyse the performance
• Developed standard cost models using activity-based costing and standardized the approach to cost accounting across all Manufacturing Departments
• Generated monthly closing of inventory accounting system including journal entries and reconciliations
• Assisted in the design & implementation of Maintenance Department Inventory Controls and SoftwareHighlights:
• Successfully implemented:
o New techniques to monitor production scrap and labour losses using the Lean Manufacturing & kaizen model
o TC/TP (Target Cost/Target Profit) techniques in Quotation Process for new orders -
2014 - 2015
Bench Business Advisory Co. (Hamad Al Sayer Groups), Kuwait City, Kuwait
Accounting Manager
• Managed & controlled the accounting of 16 Clients
• Performed audit & review of all the financial transactions before posting
• Coordinated with Banks & Auditors
• Devised & implemented policies & Procedures for Internal Control purposes
• Implemented continuous financial audit & control systems to monitor the performance of the firm compared to budget -
2009 - 2014
Saud AbdulAziz Al Rashed Group, Kuwait City, Kuwait
Chief Accountant
• Managed financial transactions of 3 subsidiaries with various types of business (Trading, Investment, Real Estate)
• Generated Monthly Financial Reports, Executive Summaries and assisted the Finance Manager in annual audits and updated accounting policies
• Conducted reconciliation of general ledger & accounting transaction reports for accuracy
• Inspected & verified all payment vouchers before making a payment
• Authorized payments, bank reconciliation and depreciation calculations
• Processed A/P A/R and billing needs for the company -
2006 - 2008
Central International Hotels Co. & Kuwait First Logistics, Kuwait City, Kuwait
Senior Accountant
Monitored, maintained and reconciled all general ledger accounts of 3 subsidiaries in Kuwait & Qatar
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2005 - 2006
Kuwait & Gulf Link Transport Co. (KGL), Free Zone, Kuwait
Senior Accountant
Prepared the Annual Budget for Agriculture Department during the 1st month of joining
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2002 - 2004
CitiBank, Alexandria, Egypt
Sales Executive
Successfully enhanced customer base and established robust working relationships with clients
Portfolio
Honors & awards
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2020
Best Employee
From Ultramed Co.