Bassem Iskander,CPA,Dip-IFR

Experience

• 

  Mustafa Shawki and Co -Deloitte Touche Tohamtsu International-DTTI

  Jan 1996 - Feb 1999

  Audit Senior

  Planning Phase:Preparing the audit plan according to the DTTI approach, preparing The audit work program: Testing the Internal controls to decide whether to depend on them or not and, accordingly, design the test of accountsTesting Phase:Performing all kind of tests over the accounts: whether substantive, analytical or complianceReporting Phase:Drafting the Auditors Report over the financial statements to be discussedAnd approved by the manager and partner in-charge. Together withPreparing the Management Letter (Comments report)Special Assignments:Participated in several special assignments as system specialistResponsible for systems analysis Meno dettagli

• 

  Collect-“The Egyptian Company for Collection”- Oras Invest Group

  Mar 1999 - Nov 2000

  Financial Controller

  Collect "The Egyptian Company for Collection"Collect is a company specialized in solving one of the biggest obstacles to profitability-"Bad Debts".•Performing Business plans for different projects for the group. •Producing on a timely basis accurate financial reports that presents fairly the financial position of the Company. •Maintained appropriate set of books that satisfies the reporting requirements of the company, external auditors, and the tax authorities.•To design and implement a reporting system that accommodates the decision-makers needs.•To setup & maintain the financial internal control system that provides reasonable assurance for the validity and accuracy of the company documents & records.•To incorporate a full budgetary system within the company reporting system.•To setup & design an inventory reporting system that safeguards the company investment in inventory articles and minimizes it to the least extent.•To produce on a timely Basis accurate Budget that presents fairly the prospective financial position of the company. Meno dettagli

• 

  African Export Import Bank Cairo- Egypt

  Jan 2000 - Jan 2007

  Principal Finance Officer

  Afreximbank “African Export Import Bank”Afreximbank is a Supranational Financial Institution created by African Governments, African private investors, national and regional financial institutions as well as non African financial institutions for the purpose of facilitating, promoting and expanding intra African and extra African trade.– Directly reporting to Finance Director and acting in his capacity during his absence.Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Oversee general accounting functions, including AR/AP, account reconciliation and cash management. Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.Duties•Supervising the Finance team and ensuring high level of internal control.•Preparing the monthly financial package and submitting data to top mamagement including a complete writeup analysing varaiations to the budget and internal key performance targets.•Preparing the annual budget to be approved by the BOD.•Preparing forecasted financials.•Liaise with external and internal auditors and provide them with information and clarifications as requested. •Preparing Accounts for Publication in accordance with the International Financial Reporting Standards submitted in the Annual Report.•Reviewing, analysing and evaluating financial data to ensure proper recording of transactions. •Supervising loans accounting, accounts analysis and bank reconciliations •Monitoring the treasury function. •Preparing quarterly reports to the board of directors and audit committee.•Reviewing J.Vs prepared by other team members. Meno dettagli

• 

  Marsa Alam for Touristic Investments and Marine Sports

  Jan 2007 - Nov 2008

  Deputy General Manager-Finance

  Brayka Bay resort is a five stars hotel located in Marsa Alam with a capacity of 460 rooms,with over 400 employees, owned by Marsa alam for touristic investments and marine sports.As a deputy general manager my role is to work in conjunction with the General Manager to develop a strategic plan for the hotel with particular emphasis on the Finance Department and financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Duties:•Assist the general manager in his responsibilities and deputises him in his absence.•To be responsible for the day-to-day running of the hotel, ensuring adequate Duty Management coverage and directing the daily work performed in all departments with particular focus on quality standards, cleanliness, customer liaison, security and maintenance. •Evaluate, Direct, and Supervise the Financial Manager in the financial operations, banking relations, Financial reports…etc.•Reviewing Cash flow situation of the hotel, and optimizing high cash benefit standards.•Reviewing monthly reporting and the Financial Statements compared with the budget.•To take the necessary action to maximise within range of responsibility both the revenue and the profit in order to exceed the operational budget.•Efficient management of yield for the hotel, through achieving occupancy, average room rates and Revenue. •Achieve agreed F&B GPs through analysis of F&B budgets, cost and payroll control, effective rostering and productivity management, etc. •Assist with the development and implementation of Training Plans for all departments. •Liaise with all departments throughout the hotel.•Inspire a dedicated team to achieve results while providing service excellence to our guests.•Analysis of current contracts with foreign touristic companies, evaluating their market participation over the gross revenue and compared to others, and giving advise on the new contracts terms. Meno dettagli

• 

  Real Estate Mortgage House

  Nov 2008 - Jan 2009

  CFO

  As a CFO is to work in conjunction with the CEO to develop a strategic plan for the company with particular emphasis on the Finance Department and financial management functions including development of monthly/quarterly financial statements, financial forecasts and budgets. Duties:•Supervising the Finance team and ensuring high level of internal control.•Preparing the annual budget to be approved by the BOD.•Communicate with key personnel, suppliers, customers, governmental buddies, etc.•Control, maintain and legalise the all corporate tax aspects.•Incorporate a full budgetary system, produce and update on timely basis accurate budgets and updated five years business plan that present fairly prospective financial position of the company.•Supervise maintaining appropriate sets of books that satisfy the reporting requirements, EAS, external auditors and tax authorities.•Produce on a regular basis accurate financial statements that present fairly the Company’s financials. •Produce financial analysis ratios for the financial figures. •Head of Credit Comittee-( Board assignment )•Evaluate, Direct, and Supervise the financial operations, banking relations, Financial reports…etc.•Reviewing Cash flow situation of the Company, and optimizing high cash benefit standards.•To take the necessary action to maximise within range of responsibility both the revenue and the profit in order to exceed the operational budget.•Ensure all Operational Standards and internal policies are complete and kept up-to-date at all times.•Assist the CEO in the preparation of the Annual Budget and the Investment Plan (Replacements/Investments/Projects).•If survival mode is required, cut costs immediately but prudenly where necessary in accordance with the Board's short and intermediate term goals. In addition identifying and implementing the action plan that could measurably increase short and intermediate term revenues. Meno dettagli

• 

  Ghabbour Auto

  Jan 2010 - Apr 2014

  SVP-Group Finance Director

  Develop Financial strategic plans for the group including development of monthly/quarterly consolidated financial statements for 14 companies, financial forecasts and budgets & provide leadership to the finance team.Duties:•Responsible for the entire finance department –more than 100 employees.•Issuance of quarterly and annual audited consolidated financial statements.•Responsible for setting the group financial policies, •Co-ordination on taxes and other official bodies .•Leading the Finance team and ensuring high level of internal control.•Preparing the annual budget to be approved by the BOD.•Maintaining appropriate sets of books that satisfy the reporting requirements, EAS, external auditors and tax authorities.•To take the necessary action to maximise within range of responsibility both the revenue and the profit in order to exceed the operational budget.•Produce on a regular basis accurate financial statements that present fairly the Company’s financials. •Design and setup an assets’ reporting system that safeguards the Company investments in assets and minimizes related risks to the minimum extent.•Oversees GB Auto’s accounting functions and activities, including the receivables management, payables management, costing, central accounting, budgeting & reporting, inventory control, and taxation•Coordinates with the Treasury & Risk Management Director for ensuring smooth coordination between their respective departments (notably for cash flow management)•Developing GB Auto’s accounting data, know-how, and capabilities. •Reviewing monthly reporting and the Financial Statements compared with the budget. Meno dettagli

• 

  A.N.A. Homes Real Estate Company (S.A.E.)

  Mar 2015 - Jan 2019

  Chairman & CEO
• 

  Solid Construction

  Jan 2019 - Feb 2023

  Chief Financial Officer

  • Responsible for developing, managing, and overseeing the organization’s financial plans, as well as financial models, budgets, and controls to support annual and strategic goals.• Enhanced financial reporting and forecasting methodologies allowing organization to adjust to business needs more quickly.• Lead the company to double turnover on yearly basis for the past two years out startup period.• Successfully negotiated a lease contract of 300 million for the new project• Consultant on all Finance activities, and accounting treatments including tax.• Handled all tax issues creating an updated tax situation with Millions of savings• Securing and managing funds raising more than EGP 1 billion from several banks to fund business• Developed more efficient and effective accounting team to improve operational analysis and support, improved efficiencies.• Have been responsible for company legal department, handling all legal matters, AGM, and Board. Meno dettagli

• 

  YARDEX

  Mar 2023 - Apr 2024

  Group Chief Financial Officer

  • Providing leadership, direction and management of the finance and accounting team• Providing strategic recommendations to the CEO/president and members of the executive management team• Managing the processes for financial forecasting and budgets and overseeing the preparation of all financial reporting.• Advising on long-term business and financial planning.• Establishing and developing relations with senior management and external partners and stakeholders.• Reviewing all formal finance, HR, and IT related procedures.• Responsible for developing, managing, and overseeing the organization’s financial plans, as well as financial models, budgets, andcontrols to support annual and strategic goals.• Enhanced financial reporting and forecasting methodologies allowing organization to adjust to business needs more quickly. Meno dettagli

• 

  T&C Garments

  Jan 2024 - now

  Chief Financial Officer

  • Providing strategic recommendations to the CEO/president and members of the executive management team• Managing the processes for financial forecasting and budgets and overseeing the preparation of all financial reporting.• Advising on long-term business and financial planning.• Establishing and developing relations with senior management and external partners and stakeholders.• Responsible for developing, managing, and overseeing the organization’s financial plans, as well as financial models, budgets, andcontrols to support annual and strategic goals.• Enhanced financial reporting and forecasting methodologies allowing organization to adjust to business needs more quickly. Meno dettagli