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Ahmed E. Fahid

Financial Controller


A Financial Controller, Who worked for many years as a professional financial person, enriched experience by working for several industries e.g. Agriculture, Pharmaceutical, FMCG and Petrochemicals & Mining. Practicing Finance from a single accounting entry to a complete financial plan, providing strong reports, budget processes and periods closing. With a mission to be one of the best financial/ strategic planning professionals within the upcoming years, through a complete belief that life is a continuous learning session. 


Collaborating with the organization's team as an active member; who ensures smooth, harmonic yet efficient financial strategies, plans and transactions. Using all available skills & tools to fully support the business and achieve continuous success on both aggregate & segregate levels. 

Work History

Apr 2014Present

Financial Controller 

AEL Mining Services
  • Monitoring Egypt, Ethiopia & Kenya.  
  • Reporting to Regional Financial Director - North East Africa & ME(direct), Regional MD (Dotted).
  • Responsible for the Entity's Risk & Cash Management.
  • Accountable for the whole process of Forecasting, Budgeting & Reporting: 
    • Preparation of an integrated budgeting process.
    • Crafting the automated budget model.
    • Revising major budget KPI’s; such as economic indicators, alignment with corporate strategy & 5 years strat-plan, the integrity of numbers in terms of achievability and sustainability, main production assumptions & capacity, Capital needs, cash control and demand planning module.
    • Leading the rolling forecast process on a monthly basis, in addition to the monthly actual vs. budget analysis.
  • Responsible for the Costing & Production Financial Processing.
  • Leading the Control Matrix & Internal Audit compliance process.
  • Contributing to the Entity's future strategy planning and implementation.
  • Responsible for all periodical financial closures, plus the annual Financial Statements preparation and submission.
  • Managing the Entity's Supply Chain & Warehousing Processes, Transactions and Controlling.
  • Contributing to the tactical pricing and price planning, in addition to the profit protection plans.
    • Product mix analysis.
    • Preparation of tendering interactive models.
    • Creation & submission of tender documentation.
  • Supervising a team of three.

Jan 2011Apr 2014

Assistant Financial Controller- Egypt & Libya

Danone Nutricia Early Life Nutrition
  • Reporting to Financial Controller (Egypt & Libya) - Direct
  • Monitoring & processing all the daily financial transactions.
  • Controlling spending according to Budget & Forecasts.
  • Insuring compliance with IFRS & Company’s global financial standards.
  • Controlling cash payments, transfers & receivables in order to maintain healthy cash levels.
  • Leading bank reconciliation process in order to insure safe & correct bank transactions.
  • Contributing to Budget & Rolling Forecast preparation process.
  • Reporting monthly financial results, with the necessary comments & clarifications.
  • Preparing regional P&L report in order to compare cost to benefit regarding spending activities.
  • Contributed to transforming the local office to a legal entity with full authorities to deal with organizations inside Egypt.
  • Supervising purchasing processes, negotiating and making deals & contracts with main suppliers & vendors.
  • Supervising payments & sales figures of Libya sector.
  • Preforming consolidation process of sales & expenses for all regions of responsibility.
  • Supervising a team of two.
Jul 2010Jan 2011

Senior Financial Analyst

  • Reporting to CapEx manager, dotted to Financial Planning Manager.
  • Preparing the annual CapEx budget in line with the region and sector.
  • Conducting funds allocation over several projects and prioritizing them by categories and importance to the business.
  • Handling Investment Proposals (IPs) and Capital Appropriation Requests (CARs) in order to clarify and illustrate the nature, cost and benefit for each project.
  • Creating and preparing the total depreciation forecasting exercise for the whole huge company’s assets (current and new).
  • Preparing the feasibility study for each project before raising funds and proceeding with it, in order to ensure the optimum investment spend.
  • Participating with other functions in new products launches and in action plan making.
  • Supervising one trainee. 
Jun 2008Jun 2010

Business Planning & Analysis Specialist

  • Reporting to Egypt's CFO.
  • Responsible for preparing the annual Budget and Sales Forecast and also the Periodic Latest Estimate for the financial figures.
  • Supporting the Finance and Reporting Department (FRA) by implementing some of their accounting transactions.
  • Creating models to improve the work flow for a leading Multinational Pharmaceutical Company.
  • Ensuring the data quality in all reports and matching between reporting sources to reach a zero-difference.
  • Creating Specialized Analysis Models in order to control and enhance both of Sales & Profits Performance.
  • Participating in cost reduction projects; ideas and calculations.
Aug 2007Jun 2008

Junior Financial Analyst

CPG - Americana
  • Reporting to Egypt's CFO.
  • Preparing the monthly performance report & the consolidated monthly P&L report.
  • Preparing the yearly fundamental report to assess the overall performance of the group on the aggregate level, and of every company on the segregate level.
  • Preparing the monthly bank facilities report in order to manage the financing expenses and select the better & lower financing sources.
  • Reviewing bank contracts financially.
  • Constructing feasibility studies and building compatible financial models, in order to support decision making.
  • Creating special studies & analysis as Ad-Hocs.
  • Performing accounting consolidation, for the monthly & quarterly reports and also for the financial statements.

Trainee Accountant

Misr Petrolium
  • Reporting to Consignment Head.
  • Calculating the consignment petroleum products' costs;  for products which are ready for sale at the whole-sellers' stations.
  • Applying the margin difference calculations related to subsidies granted by government to specific industries.
  • Contributing to the monthly closure, and to the governmental fiscal year's closure.


Nov 2015

IFRS Certified

ACCA Association

Reg No. AD32335



Self Study

CFA - Levels 1 & 2

Self Study

BSc of Accounting

Ain Shams University
  • Studied Accounting, Finance, Management, Economics, Production Planning & Warehousing.


SAP & Oracle

SAP 7, B1, BW Tool, BPC & EPM.

MS Excel & Other Office Suite
Computer Skills

Usage, Maintenance & Problem Solving

Microsoft Exact


  • Awarded “Egypt as the 1st company in reporting and numbers accuracy among 105 countries around the world” – Sandoz Egypt.
  • Decreased Closing period by 2/3 of the normal time. – Sandoz Egypt.
  • 2 monetary awards for timely and accurate financial statements issuance – Cairo poultry group.
  • Applied the Egyptian accounting standard no. 33 for “financial reporting for segments” – Cairo poultry group.
  • More than 60 investment projects (Growth – New launches- Energy & Sustainability- Operations- Quality & food safety) – Pepsi Cola Egypt.


  • Strategic Management.
  • Professional Communications.

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  • Exempted from military service.
  • Owns a car with a valid driving license.
  • Prefers the Non-Smoker work environment.