Tarek Hassan Elsaid Elkat CFOCurrent Company: Large Trading Company, AL Riyadh

A meticulous and highly competent CFOwith track record of achieving best results in 28+ yearsof my successful career.I have in-depth knowledge ofAccounting, Cash Flow Management, Cost Analysis, Projects and Financial Management. I am skilled in examining & analyzing accounting records, financial statements & other financial reports to assess accuracy, completeness and conformance to reporting & procedural standards. Well-versed in the knowledge of IFRS, local & U.S GAAP standards, SOX compliance (Zakat) Taxation, Financial and Statutory compliances.I’m expertise in Finance & Accounts, Strategic Planning,Budgeting & Forecasting, Corporate Structuring, Risk Management, Cash Flow Management, Financial Modelling, Audit & Compliance and Accounts Payable & Receivable. I have a great exposure of working with large scale organizations like Large Trading Company, AL Riyadh, EAAC Academy, Alexandria, Saad Hospital, AL Khobar, European Commission (Family Health Fund), Cairo –Egyptand so on.I gained sound understanding of developing and implementing policies & procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation. I am also adroit in formulating and implementing accounting systems & procedures, conducting business analysis and devising key reports to exercise financial control and overall efficiency of the organization. I gained experience in managing the capital budgeting process, based on constraint analysis and discounted cash flow analysis. I specialize in analysing costs, pricing, variable contributions and the company’s actual performance compared to the business plans.My outstanding interpersonal and communications skills along with my positive attitude are major assets that have helped me surpass expectations in this profession. I am seeking next challenge in my successful career, and would be very happy to work for a company where my abilities can be put to good use.Connect with me or contact me at +00966532219970; tarekhassan76@hotmail.com; tarekhassan76@yahoo.com

May’11- Till Date | Large Trading Company, AL Riyadh | CFOKey Responsibilities: Solely responsible for steering the F&A function while reporting to the Managing Partnership of the

Agency Developing and implementing processes to achieve operational efficiency Responsible to formulate strategic business plans, budget preparation, P&L analysis, performed

actuals vs. budgets analysis, tracked expense controls etc. Conceptualizing and offering strategic decision support to the management

Highlights: Successfully established company’s quality assurance system in cooperation with Consultations

Bureau in order to obtain the ISO 9001 certification Steered efforts in attracting & developing finance talent in support of business by consolidating

finance activities in zakat, treasury and corporate accounting, effectively increasing staff from 7 to 20

o Accelerated cash flows by more than 8M SAR through improved zakat & TAX planningo Saved in potential zakat through accounting and zakat treatment

Key role in developing centralized procurement team of 7 professionals achieving savings of 10M million in 2013

Pivotal role in reviewing finance organization, established new organizational structure and recruited new manager for accounting and created & filled Chief Accountant position

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SUMMARY

EXPERIENCE

Disseminated operation excellence to eliminate of costs through further organizational restructuring and cost reductions

Radically involved with a team implementing & design systems for company Supporting & promoting activities for subsidiaries Accountable for successfully transition external accountants from local, evaluated and selected new

accounting firm form big 4 Accomplished 6 balance sheet (2008: 2013) through one and have year Assisted the board of directors to take decisions for strategic planning by providing them suitable

aides efficiently highlighted the customer satisfactions & staff satisfactions concept in the company map Dedicatedly oversaw the development of the company equity through 3 years Fortified and developed the relationship between company and suppliers Prepared and maintained the bank file for banks facilities Spearheaded the company to successfully obtain the ISO 9001

Jul’10- May’11 | EAAC Academy, Alexandria | Financial Expert Key Responsibilities: Accountable for developing plans especially the financial and organizational structures Arranged training sessions for Senior Management on financial management skills

Highlights: Steered efforts in developing tanning program for 3 big companies (financial staff / non-financial

staff) Successfully resolved the problems for one company (for costing) Enforced the financial regulations for one company

May’08-Jun’10 | Saad Hospital, AL Khobar | Accounting Manager Key Responsibilities: Handled the accounting team to complete all records & financial reports in the Accounting

Department Monitored and controlled all financial transactions at hospital including all accounting transactions

related to patients Responsible for month-end closing process and prepared income and balance sheet Worked on the Oracle Financial System (Full Automation Accounting System) Worked with Reporting System

Highlights: Successfully designed analysis report on the system Restructured and done modifications to the inventory control system & the pharmacies inventory Identified and resolved some defects in patients accounts system Responsible to prepare the financial statements for external audit Significant contribution to the standard cost of medical services at the hospital Promoted the concept of daily analysis for expenses and set up inventory control system

Apr’06- May’08 | European Commission (Family Health Fund), Cairo –Egypt | Chief Financial OfficerKey Responsibilities: Provided in-depth supervision to all financial working in the Fund Central & all Governorates in

Egypt Maintained and prepared the financial statements of the subsidiary branches regularly Radically involved in the financial analysis of the end results and submitted to the CEO Ensured the implemented the regulations of European Commissions & other donors regarding the

procurement operations Worked with the President/CEO on the strategic vision including fostering and cultivating

stakeholder relationships on city, state, and national levels, as well as assisted in the development and negotiation of contracts

Involved in developing new business including assisting CEO & COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery

Maintained the installation of adequate controls and approval and availability of substantiating documentation such that all purchases may pass independent and governmental audits

Managed the coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets

Administered all purchasing & payroll activity for staff and participants and developed systems of internal controls to safeguard financial assets of the organization

Participated in Board and Subcommittee meetings including being the lead staff on the Audit/Finance Committee

Kept the track of banking activities of the organization andensured adequate cash flow to meet the organization's needs

Functioned as one of trustees and looked after the administration and financial reporting of the organization's Savings and Retirement Plan

Managed Accounts Payable & Accounts Receivable and ensure a disaster recovery plan is in place Developed and incorporated business insurance plans and health care coverage analysis Ensured the maintenance of the inventory of all fixed assets, including assets purchased with

government funds (computers etc.) assuring all are in accordance with Government Regulations Spearheaded the gamut of activities related to the productivity of a large number of 50 employees

Highlights: Resulted in successful negotiations with Ministry of Finance and Central Bank to get interest on

deposits Fund after it was interest-free accounts Successfully achieved 135% form budget for treatment of the target groups Instrumental contribution in setting up the central procurement department in headquarter to save

cost by 75M L.E. yearly Prepared and consolidated the financial statements of the subsidiary branches regularly Accountable for the submission of the recommendations to CEO & senior executive committee of

the fund Core involvement in developing new business, assisted the CEO and COO in identifying new funding

opportunities, managed the drafting of prospective programmatic budgets, and determined cost effectiveness of prospective service delivery

Assessed benefits of all prospective contracts and advised Executive Team on programmatic design & implementation matters

Created and maintained systems of internal controls to safeguard financial assets of the organization

Verified cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals

Radically reduced the cost by 30% and Beneficiaries raise health service by 40% Successfully managed Accounts Payable and Accounts Receivable and ensure a disaster recovery

plan is in place Handled and executed business insurance plans and health care coverage analysis Supervised the maintenance of the inventory of all fixed assets, including assets purchased with

government funds (computers, etc.) assuring all are in accordance with Gov. Regulations Created the accounting system for fund & Documentary cycle for the fund Successfully saved more than 150M L.E. from supplier’s facilities through 3 years

OthersAug’98 – Dec’05 | USAID (Health Sector Reform), Cairo –Egypt | Financial managerMar’98 – Aug’98 | EMB Company for Electrical Industries, Cairo –Egypt | Cost Accounting ManagerMar’94- Aug’98 | (USAID) Cost Recovery Heath Project (CRHP)-(USAID Project), Cairo-Egypt | Cost Accounting ManagerSept’89 – Mar’94 | ACCOR International Hotels, Alexandria - Egypt | Chief Accountant Aug’88- Aug’89 | Egyptian –Italian Co. for Catering, Alexandria –Egypt | Accounts Payables & Purchasing

Successfully completed trainings on:o Hotel Management by Egoth o Financial Management by USAIDo Material Management by USAID & ISO 9001 & 6 SIGMAo Financial planningo Strategic marketing by Arab academy

Project Management Construction Management Site Operations Quality & Safety Management

Contract Management Value Engineering Wastage Control Management Client Servicing

PROFESSIONAL TRAINING

SKILLS & ENDORSEMENT

Team Management ISO 9001/2008 KPI The design of systems, regulations & documentary cycles

English Arabic

2014 Mini MBA in Finance /management from British Academy Global2014 CFM (Certified Financial Manager) from the Institute of Certified Cost & Management Accountant (ICCA)2014 Certified Green Belt (Six Sigma) from International Quality Federation (IQF) USA2003 PG diploma of Islamic economic & finance Finance & Economics from High institute for Islamic

studies –Cairo1986 B.Sc. of commerce in Finance & accounting from Faculty of commerce – Alexandria University

Other Credential: Well versed with Oracle, ERP, SQL, SCALA Proficient in MS-Excel, Word & Power Point

LANGUAGES

EDUCATION