Ahmed Abdullah Abdelbaky

Ahmed Abdullah Abdelbaky

Work History

Work History
Mar 2012 - Present

Finance Manager

Mawared United Investment Co.(Associate for Nafais Holding Company-“ Al Wazzan Group)

Company Profile: The Company was established in Kuwait on 11/11/2006 as a Kuwaiti Closed Shareholding Company working in compliance with the Islamic principles of sharia, with the capital of KD16,995,000. Mawared is acting in all investment operations in all economic sectors through sharing or buying the specialized companies in various sectors, managing clients’ portfolios in various economic sectors and offering and preparing technical evaluating, economic studies, studying projects related to investment and preparing the necessary studies for these companies.

Highlights:

  • Reporting directly to CEO.
  • Substance of my duties was as deputy (assistant) for CEO.
  • As company is under the supervision of Capital Market Authority (CMA) and Central Bank of Kuwait (CBK) and there was some compulsory jobs should be registered with CMA, I have been registered as Internal Audit Manager.
  • Handling the board secretary duties for the Board of Directors (BOD) meetings and all other committees required by CMA and CBK.
  • Handling and discuss all legal issues with legal advisory.
  • Develops and maintains financial control systems in order to present timely and accurate financial information including financial statements for management decision making.
  • Reviewing annual budgets in close coordination with CEO and other dep. heads to form a part of the overall company’s business plan.
  • Direct and coordinate training that address personal and organizational needs of the company staff.
  • Follow up and review the day-to-day transactions and work of the various departments.
  • Ensure complete adherence to corporate governance rules and regulations.
  • Review human resource policies and procedures, recommend changes and monitor compliance.
  • Oversee payroll and leave administration procedures.
  • Supervise the preparation of end of service calculations and annual leave deductions.
  • Review the monthly payroll
  • Ensure that adequate systems and procedures are in place for complying with the CMA, CBK and other regulatory requirements.
  • Ensure copies of the regulatory circulars and correspondences are circulated through internal memos to the concerned departmental heads.
  • Handling and supervises the internal audit function with outsourced agency (ex; conducts the opening meeting with the department heads for commencement of audit work, reviews the draft audit reports prior to be issued to the audit committee) and assist in resolving issues with department heads that may arise from time to time.
  • Recommend risk management strategies to the senior management.
  • Investigate any non compliance of regulatory requirement by the concerned departments and recommend for appropriate action;
  • Perform any other tasks which may be assigned by the management from time to time.
Jan 2009 - Feb 2012

Accounting Manager

Nafais Holding Company (Part of Al Wazzan Holding Group)

Company Profile: The Company was established in Kuwait on 31 October 1984 as a Kuwaiti closed shareholding company under the name of Institute of Private Education (IPE) and was listed on the Kuwait Stock Exchange under the number of (625) on May 8, 2005. In 2007, IPE changed its name to Nafais Holding Company transforming itself into a holding company with changed objectives to operate as a holding company controlling the educational activities previously carried under IPE in a more structured manner and to further acquire other companies and businesses in various target sectors and demographic regions. Main investment exposure represented in health care, education, construction, banking, financial institution and real estates.

  Highlights:

  • Reporting to CFO
  • Manage & ensure optimal utilization of efficient procedures & resources while maintaining a high level of accuracy for smooth functioning of department work.
  • Devise and implement new procedures & features to enhance the workflow of the department.
  • Develop & maintain internal controls function to safeguard financial assets of the company.
  • Involved in budget forecasting activities and design & implement annual budget processes ensuring adequate cash flow to meet the organization's needs.
  • Aptly maintain financial reporting and general ledger structure.
  • Support CFO in the daily banking requirements.
  • Collaborate with CFO and top management to ensure a clean and timely yearend audit.
  • Ensure accurate & timely monthly, quarterly and yearend close.
  • Advise CFO/CEO on all contracts with third parties.
  • Respond to the inquiries from CFO, CEO on financial results and provide special reports as per requests.
  • Train new and existing staff as per requirement.
  • Successfully enrolled into initiating, installing and implementing new effective accounting system (Microsoft – Great Plains).
  • Part of the management team that negotiates and assist the company to restructure its debts with several financial institutions.
  • Handle capital decrease procedures with Capital Market Authority (CMA).
  • Perform any other tasks which may be assigned by the management from time to time.
Dec 2007 - Dec 2008

Senior Financial Analyst

Boubyan Bank, Kuwait

Highlights:

  • Drafted & presented daily reports & monthly reports to top management.
  • Developed and monitored budget for various departments.
  • Prepared and reviewed entire CBK (Central Bank of Kuwait) financial data & reports in compliance with CBK regulations and instructions.
Sep 2006 - Nov 2007

Senior Auditor

KPMG Safi Al Mutawa & Partners, Kuwait

Highlights:

  • Involved in planning of audit engagements and identifying audit risks.
  • Analysed clients’ internal control systems and identified key test of control procedures.
  • Prepared management letters of significant weaknesses in internal control systems.
  • Designed audit programs and carried out audit procedures on critical and significant audit areas.
Jan 2003 - Sep 2006

Auditor

KPMG Hazem Hassan, Egypt

Highlights:

  • Audited the financial statements of banks and financial institutions.
  • Discussed significant matters resulting from audit procedures and test of controls implemented.
  • Prepared the working paper including observations made from the audit.
  • Performed the test of controls procedures.

 Key Audit Assignments Accomplished:

Expertise in coordinating with regular quality audits for various operations, ensuring a high-quality customer experience, major assignment accomplished are:

  • Due diligence for MIAB (Misr International America Bank).
  • Due diligence for ECB (Egyptian Commercial Bank).
  • Prepared and reviewed data room for EAB (Egyptian American Bank) and BA (Bank of Alexandria).
  • Performed Diagnostic study for Bank Misr.

 Key Assignments handled with various clienteles are:

Banks

  • Citi Bank-Egypt branch and Kuwait branch
  • National Bank of Greece- Egypt branch;
  • Standard Chartered Bank –Jordan branch;
  • Arab African International Bank; Egypt
  • African Export & Import Bank (AFREEXIM bank);
  • Misr Iran Development Bank (MIDB).
  • Boubyan Bank - Kuwait

 Financial Institutions

  • HSBC Securities Egypt.
  • Egyptian Gulf Bank's investment fund - Egypt
  • The E.F.G. HERMS High Growth Opportunities Fund Limited - Egypt
  • MIDB mutual fund – Egypt
  • Global Investment House funds – Kuwait
  • Kuwait Syrian Holding Company - Kuwait
  • The Investment Dar Company - Kuwait
  • Arab Fund for Economic and Social Development (AFESD) - Kuwait.
  • PIFSS (Public Institute for Social Security) - Kuwait

Other Sectors:

  • Modern Agriculture Co - Pico.
  • La Poire Touristic Enterprises
  • Pico Machinery Co.
  • P.M.C – Free zone.
  • Pico For Housing & Real Estate Investment
  • Green valley for investment
  • Rowad Tourism Co.
  • Arab Co for Drug Industries & Medical Appliance.
  • Saudi Egyptian Investment & Finance Company.
  • Joint Arab Investment Co.
  • Egyptian Computer Systems.
  • National Automotive Company (Natco)
  • Engineering Automotive Company.
  • Kinden Corporation Co.
  • Al diwan for real state and tourism investment.

Education

Education
Sep 1997 - Jun 2002

BACHELORS

Minoufia University
  • Bachelor Degree in Accounting – English section
  • Grade - Good 73.4%

Certifications

Certifications

CPA (Certified Public Accountnat)

New Hampshire Board of Accountancy
◾FAR, Audit and BEC has been obtained and passed (credit). ◾Regulation (REG) exam has been scheduled on November 2014.

Cover letter

Dear Sir /Madam,

More than ever, reputed organizations need proven performers who get results in competitive environments and a tough economy. My record as a managerial level accounts & finance and audit executive speaks for itself:

 

  • In my current assignment as an Financial Manager in Mawared United Investment Company, Kuwait, handling company financial information and reporting, in addition to adherence of the company to comply with procedures and executive bulletin of various regulatory bodies such as Kuwait Capital Market Authority (CMA) and Central Bank of Kuwait (CBK) and all other related ministries and bodies to keep company in compliance with issued and announced instructions and rules. I am handling l legal issues for the company in connection with legal consultant. Also I am working as Secretary of the Board and all other committees within the company.
  • As an Accounting Manager in Nafais Holding Company, Kuwait, I have played a pivotal role in initiating, installing & implementing new effective accounting system (Microsoft – Great Plains); part of the management team that negotiates & assist the company to restructure its debts with several financial institutions and handle company profile to comply with procedures and executive bulletin of Kuwait Capital Market Authority (CMA)
  • As Senior Financial Analyst at Boubyan Bank, Kuwait, working in management accounts department and successfully prepared & reviewed entire CBK (Central Bank of Kuwait) financial data & reports in compliance with CBK regulations & instructions, budgets and any other reports asked or required by management
  • At KPMG Safi Al Mutawa & Partners, Kuwait as Senior Auditor, designed audit programs & carried out audit procedures on critical and significant audit areas
  • At KPMG Hazem Hassan, Egypt, accomplished various Audit assignments - Due diligence for MIAB (Misr International America Bank); due diligence for ECB (Egyptian Commercial Bank); prepared & reviewed data room for EAB (Egyptian American Bank) and BA (Bank of Alexandria); Performed Diagnostic study for Bank Misr and efficiently handled various audit assignments for wide range of clientele sector including Banks, Financial Institutions & other Sectors.As an experienced Accounts & Finance Management and Audit Management professional with over 11+ years, I’ve been exposed to diverse operations like accounting & finance operations, cash accounting, investment decisions, compliance issues, risk management, audit activities, costing and financial analysis, analysis of operating procedures etc. A close view of the attached resume will give you a better idea of my vast experience and competencies. I am certain that with my credentials, I can significantly value-add to your organization. During a face-to-face meeting, I would be glad to explain how I can be an asset. Looking forward to hearing from you. Thank you.

Sincerely, 

 Ahmed Abdullah Abdelbaky