Mohamed Megawer, MBA, CMA, CertIFR

Experience

• 

  Banque Misr

  Apr 2006 - Jun 2007

  Credit Officer

  Credit Officer, 6/2006 to 6/2007Customer Service Representative, 4/2006 to 5/2006June 2006: June 2007:- Develop branch business in connection with existing accounts as well as potential customers to meet and exceed the targets. - Serve as a primary point-of-contact for customers requesting Individual Banking products. - Receive and process card and loan applications, funds transfer, collections, standing orders, bank drafts and other means of payments.- Administer loans to the assigned group of individuals.- Takes advantage of every opportunity to delight customers, sell the Bank's product, and demonstrate interest of providing other services.- Ability to achieve immediate and long-term goals and meet operational deadlines- Excellent understanding of banking services and products on corporate Level.- Issuing, renewing, and liquidating Letters of guarantee (LGs).- Preparing monthly and periodic reports. April 2006: May 2006:- Meet new customers and Serve as the customer contact point for their general requests. - Open and process all types of customer accounts, maintain account conditions. - Handles branch mail and all customers correspondence. - Perform a range of office duties under request of the branch manager.- Guides customers to other points of services.- Excellent interpersonal and communication skills with good ability to understand the requirements of the customer and provide appropriate counsel.- Experienced in dealing with all kinds of the customers. Show less

• 

  Kharafi National

  Jun 2007 - Jun 2012

  Senior Accountant

  Joined the organization as Accountant, moved on upward career trajectories, to merit promotion to the position of Senior AccountantDesignation Chronology:  January2010 - June 2012: Senior Accountant June2007 - December 2009: AccountantAccomplishments:• Embraced technology, implemented ERP - Enterprise resources planning - (Oracle application).• Demonstrated ERP Financial modules across the subsidiary companies in Kuwait, UAE, Lebanon, and Egypt.• Presided over the day-to-day management of accounting, financial and cash controls for the business and lead the ongoing improvement of systems, procedures and control frameworks with the accounting department.• Collated monthly cost status report and analyses for variance between budgeted performance and actual performance. Show less

• 

  Hilti Group

  Jul 2012 - Apr 2014

  Financial Controller / Credit Controller

  Accomplishments:• Served as trusted advisor to the Senior Management Team, provided best-in-class financial feasibility studies/ finance modelling solutions subsequent to assessment of benefits of all prospective new projects and expansion.• Administered accounts payables, accounts receivables, payroll, and inventory as well as credit management and development of the company policies and procedures.• Implemented SAP by Design financial modules.Responsibilities: Executive Vision & Direction• Generated monthly financial reports - Income statement, balance sheet and cash flow statement and variance analysis.• Devised/ implemented all aspects of financial control, analysis and reporting to optimize company’s cash flows and managing working capital requirements.• Produced weekly and monthly management, sales and gross margin reports as well as customer profitability reports to ensure analytical insights are delivered.Financial champion providing best-in-class solutions • Developed credit proposals subsequent to assessing customer credit risk, supported by a comprehensive justification report to General Manager according to the guidelines of the credit and collection policy.• Conducted periodic review and assessment of existing customers through credit engine module based on customer potential, sales trends, risk rating, dunning level and payment history.• Monitored and reconciled inter-company accounts and prepare their payments on monthly basis. Show less

• 

  Almutlaq Holding

  May 2014 - Apr 2017

  Planning, Budgeting and Reporting Manager

  Accomplishments:• Drove, shaped and improved annual budgeting, forecasting and reporting process, as well as long-range strategic planning.• Evolved the Financial Planning, Analysis and Reporting process to aid decision making and alignment of strategy across the Company.• Successfully led implementation of ERP - Enterprise resources planning - (Oracle application R12).• Analysis expert - Conducted multi-functional value-added financial analysis such as brands profitability, new brands financial projections and profit improvement studies. Reviewed variances to take corrective action to improve it.• Prepared/presented monthly and quarterly business review, provided feedback and recommended improvement and corrective actions to senior management as necessary to ensure company financial and operational targets are met. Responsibilities: Financial Budgeting and Planning:• Shouldered full responsibility for the annual budgeting cycle, quarterly and rolling forecast and the provision of all financial and analytical analysis including financial statements, detailed commentaries, presentation packs and Key Performance Indicator dashboards. • Robust ownership and management of Opex and Budgeting processes. Defined the budget calendar, managed preparation of budget templates, and ensured the adequacy of the templates to the company budgeting requirements.Insightful Management Reporting • Partnered with the Department and Divisions Heads to manage budgeting process. Also, discussed budget performance reports before final submission to the management & aided them to develop strategies to maximize budget efficiencies.• Monitored and controlled company cash flow, maintained petty cash fund and ensured sufficient liquidity are available to meet business needs.• Coordinated and facilitated internal and external audit and provide relevant inputs for all financial activities. Show less

• 

  United Real Estate Company (URC)

  May 2017 - Feb 2023

  Financial Controller

  Accomplishments:• Providing thought leadership, financial analysis discipline and business decision support to evaluate long and short-term strategic new business opportunities.• Adopted an ethos of continuous improvement, process standardization and automation of reporting/forecasting tools leading to enhanced productivity.• Key Member of the Procurement Committee, administered projects purchasing and subcontractors’ agreements evaluation and approval.• Steered development of finance shared service strategies: identifying continuous improvement opportunities, driving forward centers of excellence and efficiency programs.Responsibilities:Financial Stewardship• Commanding all aspect of accounting and financial control for the company subsidiaries including formulating and implementing financial strategies, objectives, policies and procedures with a primary focus of establishing internal controls, ensuring optimal utilization of Group resources.• Establishing annual budget, quarterly forecast, and long-term plans, challenging assumptions and supporting in addressing financial implications of strategic decisions.Internal Controls Framework Expert • Led improvement of internal control as well as accounts payables, accounts receivables, cash management, payroll, fixed assets, and inventory to ensure compliance with group control standards.Treasury Operations• Presiding over day-to-day operations of the Group’s Treasury function, overseeing subsidiaries cash management and corporate liquidity, nurturing banking/lending relationships for the new projects to ensure adequate fund availability to meet potential needs and bank facilities are secured with the lowest affordable rates.People Manager- High-Impact Leader• Superintending a dynamic team of Management Accountants. Training, mentoring and empowering them to be of high caliber, recognizing and utilizing throughout the business as value added business partners. Show less

• 

  AL MURJAN GROUP

  Feb 2023 - now

  Group Financial Planning and Analysis Manager

  Accomplishments:• Key Member of Group transformation team, Managing IPO Workstream as well as Group companies restructuring and key expansion projects.• Key Member of Group Executive Management team, provide thought leadership, financial analysis discipline and business decision support to the group subsidiaries to achieve overall group goals.• Embracing a culture of ongoing improvement, standardizing processes, and automating reporting/forecasting tools to drive high productivity and efficiency across all the group companies.Responsibilities:Financial Analysis and Reporting:• Prepare and analyze monthly, quarterly, and annual group consolidated financial statements.• Provide accurate and timely financial reports to senior management and stakeholders.• Conduct in-depth financial analysis for strategic decision-making.• Provide insights and recommendations to enhance business performance.Budgeting and Forecasting:• Manage end-to-end process of yearly forecasting, budgeting and long-term planning activities.• Prepare and collaborate on the group consolidated budget, monitor variances, and provide decision-making insights.• Lead the development of financial forecasts and cash flow projections.Internal Controls:• Establish and maintain effective governance, policy and procedure, and conduct regular reviews to address control weaknesses and ensure regulatory compliance.Treasury Management:• Develop and maintain strong relationships with banks to secure favorable funding options for new and existing Capex plans and projects.• Ensure sufficient funds are available to meet potential financial requirements and secure bank facilities at the most affordable rates possible.Team Leadership:• Manage and mentor a high-performing finance team across all the subsidiaries.Audit Management:• Coordinate external/Internal audits, supervise the group subsidiaries’ audit schedules, provide relevant inputs for all financial activities, and implement recommendations. Show less