Abbas ismail cv 20 10-2015

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C.V.: Abbas Mohamed Ismail Affan Page 1 of 3 Abbas Mohamed Ismail Affan Financial Director Mobil: +2-01001010890 | +2-01063596415 E-mail : abouaffan@hotmail.com | abbas.affan @hotmail.com SUMMARY OF ACHIEVEMENTS, SKILLS AND WORK EXPERIENCES: 33 years of experience in managing the Financial and Administration Section in contracting and construction industry in many multi-national construction companies and Oil & Gas Companies (German, American, Arabian, Egyptian and Chinese) specialized in construct mega projects ( Power plants, Oil & Gas, infrastructure, Water & wastewater treatment plants, and public hospitals, administrative buildings projects executed by multiple consortium and J.V. companies My experiences and skills consist (but not limited) to: Managing and Preparing periodic financial reports that summarize actual and forecast cost and financial statements, such as monthly and annual income statements, balance sheets, Cash flow, cost reports and annual Budget process, according the company policy, guidelines and schedules. Handling various banking financial facilities e.g. (L/C , L/G & Credit O.D Facilities) and oversee the cash management and treasurers and direct the financial objectives, within the budgets (Company and projects) Directing, leading and performance manage the financials of the Company and accounting team. Management of the accounting and financial day to day activities and compliance with statutory audits. Awareness with insurance requirements relevant to construction agreements and manage associated risks as well as prepare the insurance claims Development and implementation of internal control procedures, financial policies, internal audit systems, management reporting systems Supervision and carries out a variety of internal audit activities which includes developing implementation of internal audit procedure in accordance to the established audit policies and analyzing and auditing financial statements, projects, contracts, tenders and quality of internal control, reviews & comments on audit finding and co-ordinates with other internal auditors and external auditors Strategic financial modeling, budgeting, valuations, due diligence and financial / business advisory Ensure compliance with statutory and budgetary reporting requirements. Develop and direct the implementation of the financial strategic business and/or operational financial plans for the projects, programs, and systems. Establish and implement short and long-range financial goals, objectives, policies, and operating the company procedures and Ensuring that appropriate systems and internal controls are implements and maintained. Coordinate and Review of strategic financial plans for the operations and projects. DETAILS OF THE WORK EXPERIENCES AND EMPLOYERS: Employer: (MEGAS) Mediterranean Gas Co. S.A.E, Subsidiary of Costrozioni Dondi Co. (2nd period) Profession : General Manager of Financial & Administrative Affairs (Nov. 2013 July 2015) RESPONSIBILITIES: Provide necessary consultations related to financial, accounting and cost control works which mentioned during the initial work period with MEGAS Co. before working with Al Arrab Contracting Co (ACC). Employer: Al Arrab Contracting Co (ACC), A wholly owned subsidiary of Al Rajhi Holding Profession: Financial Business Director (Nov 2010 - Nov.2013) For the Consortium of ASC - AI Arrab Contracting Co. and SEPCOIII Electric Power Construction Corporation (SEPCOIII), established for execution US $2.4 Billion EPC construction contract to build the 2,800-Mega Watt Power Generation unit of the Power Complex at (Ras Al-Khair Industrial City) for the favour of Saline Water Conversion Corp (SWCC) in KSA. RESPONSIBILITIES: Manage overall financial and accounting tasks, and maintaining highest degrees of transparency between the partners of the consortium, includes managing internal controls ensuring that the official accounting records are up to date and accurate, safeguarding the assets to minimize risk of financial loss; besides develop and maintaining robust costing systems and reporting tools to provide high-quality financial information that supports the Company strategic management. OTHER ACHIEVEMENTS: Coordination with internal and external auditors for preparing and approving the yearly closing and balance sheet Implement the financial terms of all agreements with client, suppliers and subcontractors with oversee the cash management and treasurers and direct the financial goals within the budgets of (company / projects) Follow-ups issuance the monthly payment certificates, and submitting to the consultant and client and report the overdue receivables to proceed collection the payments dues Supervise preparing monthly payroll and accruals commitment cost. Managing and review the settlement and accounts of the foreign and local suppliers and subcontractors and verify the recording along with accounts payable proving and follow-up the schedule of payments for them moreover prepare and update data master for the commitment agreements with them. Ensuring all contractor payments are made and withholding tax applied in accordance with regulations and the construction contracts mailto:abouaffan@hotmail.com%20%7C%20abbas.affan%20@hotmail.comPage 2 of 3 Preparing matrix of the staff delegations of authority Establishing appropriate accounting policies and procedures both during the construction and reports structures that lead to improve efficiency of operations and control of funds Starting the Implementation and Testing accounting cycle on SAP system Employer: (MEGAS) Mediterranean Gas Co. S.A.E, Subsidiary of Costrozioni Dondi Co. (1st period) Profession : General Manager of Financial & Administrative Affairs (Mar. 2009 Oct. 2010) Leading company for execution the EPC Project for distribution network of the Natural Gas and its facilities to Domestics, Commercial & Manufacturers Customers in Kafr El-Zayyat City , Zifta City and Meet Ghamer City in Egypt RESPONSIBILITIES: Managing, supervise and follow-ups all financial, accounting and commercial activities with the objective of maximizing the natural gas sales and operating profits In addition to but not limited to: Managing Credit Bank Facilities agreements with banks as well as Issuance required L/C.s, L/G.s. Contribute in Preparing the BOT Projects Feasibility studies and calculating the Internal Return Rate (IRR) along with Budget, Cash Flow and Forecast for the projects activities and the Cost and profit Centers Managing the financial and accounting team and steering the Accounts Receivable collection moreover recording the accounts using Alfa system and Manage the Accruals, Provisions and capitalization the Work in Process (WIP) Handling Financial Statement Balance Sheet, Cash Flow and maintain the fixed assets register and Coordination with external auditors besides manage business Taxes plus Preparing the financial Ad hoc reporting for the partners board. Employer: Hassan Allam Sons (Misr Sons Development) Profession : Commercial & Administration Manager (Nov. 2007 Feb. 2009) For the Consortium of: Misr Sons Development (MSD) & Consolidated Contractors International Co. S.A.L. (CCC), Established to build the civil works of Al-Atf Power Plant Station 750 MW Combined Cycle Project, in Egypt RESPONSIBILITIES: Managing all finance and administrative affairs which includes but not limited: Managing treasury and conducting getting credit facilities from the banks, dealt with L/C, L/G and over draft. Prepared Monthly, Quarterly and yearly financial Reporting and cash flow and Coordinate with external auditors Manage business Taxes: Sales Tax, Income Tax, Payroll Tax, and Vendor Tax for maximize company Tax Profit. Supervise the payroll and personnel affairs system and Preparing Project Manpower Budget. Employer : Al-Kharafi Group (Mohamed Abdul Mohsin Al-Kharafi & Sons W.L.L) - Egypt Region Profession : Financial and Administrative Controller (April 2004 - Nov.2007) For Regional of the Financial and Administration Control Department (Industrials & Investment Co.s) RESPONSIBILITIES: Conducting and managing the internal control over the group companies (industrial, construction, trade and investment) to make sure that documents and payments cycles is achieved in accordance with the organization and internal circulars and regulations and decisions taken, and the preparation of reports to the Governing Council on the results of the audit and inspection. Prepare the Presentation reports for evaluation the adequacy and effectiveness of the internal control system and quality of performance in carrying out assignment responsibilities in the industrials and Constructions companies. Reporting the results of annual and Periodic inventories after verifying and ensure the existence of all kind of assets (Fixed / Current) over group companies Compared and analyze the actual costs and revenues to estimated figures in the financial budget for the Investments, industrials and Constructions companies and Reporting the audit and analyses results. Evaluating the overall financial position of the business, analysing and reporting external economic trends, including effects of government legislation, and assessing the financial effect on the companies Prepare Presentation the internal financial and administration bylaws and regulations and Bookkeeping system for the region's new established companies. ..etc. Employer : Kharafi National For Mechanical And Electrical Works - SAE one of Al-Kharafi Group in Egypt Profession : Financial & Administrative Manager (Oct.1999 March 2004) one of amongst and largest of Al-Kharafi property development companies in the region of Execution the Natural Gas pipe lines Distribution Projects & Infrastructure utilities Projects, Plus O&M Projects Such As : O&M Elec. Power Station, O&M Water& Wastewater Pump Station.etc., with 1500 employees RESPONSIBILITIES: Managing all finance and administrative affairs of the company which includes but not limited: Treasury activities and dealing with bank credit facilities. Managing accounting team of 10- 15 employees and Coordinate with external and internal auditors for preparation of the annual financial reports and Prepare the activity annual report to board of director and handling all Taxes files. Preparing annual budget for all the profit centers and cost centers and preparing the consolidated Budget along with cash flow statement and preparing the yearly fixed assets budget Manage all insurance-related matters such as: all risks and property insurance and the preparation of claims losses Preparation and processing for board meetings, writing reports and official documentation in the Commercial Register Office and liaising with the shareholders to support budgeting finance and take legal action to raise capital Page 3 of 3 Supervision personnel section, payroll system, with the development and implementation of personnel policies in accordance with local labor laws, and the formulation of job descriptions and employment agreements. Employer: (MK) Morrison Knudsen Corporation / URS Corporation Profession: Financial Business Manager (March 1993 June1999) USA Company for execution Port Said Wastewater Treatment Plant Project, with 2500 employees and Cost $ 357 million RESPONSIBILITIES: Managing and supervise all business of financial, accounting and administrative affairs including: Implement financial controls, processing accounts for all payables and Receivables accounts with Preparing Monthly / quarterly financial and cost reports and financial yearly end closing Handling all aspects of HR and personnel affairs including hiring & termination, payroll, tax, social insurance, labor office. Supervise all aspects of the local procurement and custom clearance of the imported materials and supervise all aspects of warehouses works and the project Security. Employer: HWC- Helwan Wastewater Contractors Co. [WTB-Walter Thosti Boswau Bau & Alfred Kunz & NGCC Profession : Financial and Commercial Manager (FCM) (Dec. 1991 Mar. 1993) Deputy Commercial & Financial manager (Dec. 1986 Dec. 1991) German Egyptian J.V. established for execution three contracts of wastewater projects at Helwan City -South Cairo - consists mainly of 10 Km main sewer pipes 3400 mm and 3 three big pumping station being a key project for all the whole Helwan wastewater scheme. With @ 2500 employees, tenders cost (DM 65.00 million + LE 74.5 million). RESPONSIBILITIES: Same tasks in MK Co. (Managing and supervise all business of financial, accounting & administrative affairs plus Conduct the settlement of taxes, contract social insurance and custom fees with the concerned authorities Employer : (NGCC) El- Nasr General Contracting Co. (Hassan Mohamed Allam) Profession : Project Cost Accountant (Oct.1980 : Nov. 1986) RESPONSIBILITIES: Prepare monthly cost reports for For Ain Shams Specialized Hospital Project and the Navigation of Cairo Air Port Traffic Control System Project Summary of previous jobs and employers: From To Employer / Company field Position Feb-2014 Now Mediterranean Gas Company (MEGAS) Oil & Gas Financial & Admin. Consultant Nov-2010 Nov-2013 Al-Arrab Contracting Company Constructions Financial Business Director Mar-2009 Oct-2010 Mediterranean Gas Company (MEGAS) Oil & Gas General Financial & Admin. Manager Nov-2007 Feb-2009 Consortium of : MSD (Hassan Allam Sons) Constructions Commercial & Administrative Manager Apr-2004 Nov-2007 El-Kharafi Group Co.'s In Egypt Constructions Financial & Administrative Controller Oct-1999 Mar-2004 Kharafi National For Mech.& Elect. Works Co. S.A.E Oil & Gas Financial & Admin. Manager (FAM) Mar-1993 Dec-1999 Morrison Knudsen Corporation Co. Inc, Constructions Financial Business Manager Dec-1991 Dec-1986 Mar-1993 Dec-1991 Helwan Wastewater Contractors [WTB-Walter Thosti Boswau Bau-GmbH, Alfred Kunz GmbH] and NGCC Constructions Commercial manager Deputy Commercial manager Oct-1980 Nov-1986 NGCC-Nasr General Contracting Co. (Hassan Allam) Constructions Projects Cost Accountant QUALIFICATION: Bachelor of Commerce in Accounting 1978 - Faculty of Commerce, Al-Azhar University TRAINING COURSES CERTIFICATES: 1. Construction Cost Accounting 2. Cost Accounting & Financial Management 3. Project Management 4. Materials Management 5. Projects Management 6. Social Insurance Workshop 7. Effective Communication Skills 8. Stock Market Technical Analysis 9. IFRS and Egyptian Accounting Standards 10. Planning and Managing Human Resources 11. Mini MBA COMPUTER SKILLS: Experienced to use ERP Accounting Systems. (ATS (in house software), Alfa and Comsys (ORCAL) Share the Implementation and Testing accounting cycle on SAP system Microsoft office (Excel/Word/Power Point). LANGUAGES: Arabic: Native and English: Fluent ADDRESS: 44B El-Mazraha St. Flat No. 24 New Nirco Buildings, New Maadi, Cairo, Egypt POSTAL CODE: 11742 NATIONALITY: Egypt . MARITAL STATUS: Male, Married, 4 Children MEMBERSHIP: Member of the Egyptian Syndicate of Commercial ASSESSMENT CERTIFICATES: (1) for year 1981 from El-Nasr General Contracting Co. Hassan Allam. (2) for year 1998 from Morrison Knudsen Corporation Inc. Abbas Mohamed Ismail Affan - Financial Director