Hazem Grace

Accomplished Chief Financial Officer highly effective at driving strategic initiatives with solid financial backing. Eager to leverage extensive years of experience in a dynamic new role.

· Cash Management: Managed the cash flow process for the group during the financial crisis of the Egyptian currency devaluation that led to a reduction of the financial hit by 20%.

· Negotiated all loan terms and rates along with the leasing options which led to the reduction of the interest expenses total of 5%

· ERP & CRM Systems: Applied the Microsoft AX financial system and CRM software in the real estate sector increasing productivity by 50%.

· Debts Collections: Aligned with the legal department to collect aging debts of $ 2M and performed legal actions against the defaulted customers.

· Internal Control: Applied effective internal policies across all the divisions to ensure full compliance & governance factors along with contract negotiations resulting in reduced expenses by 25%.

· Mergers & Acquisitions M&A's: Represented Americana group in the due diligence process in several major acquisitions that increased the group's EBITDA by $ 50M/Annually.

Also headed the merger process of two different mergers within the group for better resource allocation while ensuring headcount optimization and savings.

Transformation & Restructuring: Directed a transformation “Fit for Growth “process which led to savings of US$ 2.5M annually.

Capital Spending: Contributed to a major capacity increase project resulting in saving more than $ 25M and a capacity increase of 70%.

Cost Savings: Reduced and controlled expenses by improving resource allocations and applying a new cost control system to monitor and analyze variances and recommended corrective actions that led to cost savings and doubled the EBITDA within the last five years.

Cash Management: Created new Receivables, Payables, and Inventory systems that enhanced the cash flow and led to the enhancement of the cash conversion cycle CCC by 30%.

Strategic Planning: Identified a key growth opportunity for the business through (Backward Integration) by adding a new packaging line to supply the needed packaging materials for all the sectors (Make vs Buy) led to savings of US$ 5M annually, which reflected positively on the EBITDA.

Process Improvement: Applied a fully integrated computer system (Oracle) and automated all company's activities and transactions, which led to enhancing the accuracy of all reports and reduced reporting delivery time from 15 to 3 days.

Internal Control & SOPs: Developed effective internal policies and DOAs framework across all the cluster functions to ensure full compliance & governance factors while ensuring workflow transparency.

Legal Status

Legal permanent resident authorized to work in the USA

References

References are available upon request.