Ihab Alameldin
Ottawa,ON
Summary
Financial Executive and Business Consultant with proven experience in business development, from startup to $ 100 mm in annual revenues. Offering keen financial acumen to lead businesses to profitability in both lean times and periods of growth.
Decisive leader and forward-thinking manager with excellent attention to detail and a hardworking mentality.
Investment Banker offering fifteen years of financial industry experience combined with superior leadership skills and business acumen. Aggressively builds solid business plans and drives revenue growth.
Overview
36
36
years of professional experience
Work History
Internal Auditor
World Universities Services of Canada (a Global Affairs Canada fund)
Ottawa , ON
01.2022 - Current
- Identified management control weaknesses and provided value added suggestions for remediation.
- Facilitated more than 15 financial audits and fraud investigations, working with internal and external managers to communicate recommendations or issues surrounding audits.
- Introduced internal controls to monitor critical areas of financial control and corrective actions to address risks or deficiencies.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walk throughs and process mapping for forty documented processes.
- Reported audit findings, covering compliance issues related to International Financial Reporting Standards (IFRS) and corporate regulations.
Founder
Business Dome Limited
Ottawa , ON
01.2015 - Current
- Educated clients on various financial matters and provided professional recommendations on investment opportunities, products and services based on individual needs.
- Performed more than 15 due diligences and 20 valuation processes.
- Assisted 8 clients in making beneficial and strategic decisions regarding investments, low-cash financing and sourcing overseas partners.
- Introduced new ERP systems of organization to streamline company changes.
- Produced detailed and relevant reports for use in making business decisions.
- Conducted thorough reviews of financial process to devise and deploy improvement strategies for three non-profit organizations funded by Global Affairs Canada (GAC)
Financial Consultant
Care Canada (a Global Affairs Canada fund)
Ottawa , ON
04.2021 - 07.2021
- Review of International Rapid Response Team (RRT) funding agreements of $ 20 mm, including developing and reviewing budgets and financial clauses
- Reported to RRT Manager on key issues, including financial analysis, projections, and variances from established budget and reasons for those variances and assisted RRT Manager on periodic fund allocation decisions
- Implemented more efficient monthly account reconciliation process (Donor Payables, Deferred Liabilities, Accounts Receivable, Cash, etc.) and saved monthly closing cycle by 2 days
- Improved monthly aged receivables review and follow-up process on outstanding intercompany balances with country offices and liaise with RRT Management.
Controller
Terra20
Ottawa , ON
06.2020 - 02.2021
- Prepared corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
- Worked with 9 executives to create annual budget and track actual expenses against projected expenses.
- Use Yardi and Microsoft GP Dynamics to prepare external audit documentation and financial reports to assist management in operational planning and key decision making.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing and sales tax returns.
- Accurately completed financial statement audits for 2018, 2019 & 2020 thoroughly reviewed results.
- Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
- Managed payroll data entry and processing for 52 employees using ADP platform to comply with predetermined company guidelines.
Vice President of Investments
Gulf Capital
Dubai , United Arab Emirates
01.2008 - 06.2020
- Developed and presented detailed analysis of investment performance, portfolio attributes and benchmark composition to evaluate investment strategies.
- Assessed and reported on performance attribution on monthly and quarterly bases.
- Validated existing accounting management and reporting systems to assess quality and conformance, identify problems and implement corrective actions.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Evaluated investment potential of companies with thorough assessments of historical data, operational activities and future objectives.
- Managed $200 million portfolios of direct investments, equity long/short, in healthcare and education.
- Managed due diligence for secondary transactions up to $150 million in net asset value.
- Led the transformation of the healthcare portfolio company from a local diagnostic imaging company to a regional player with operations in five countries through bolt-on acquisitions and a solid expansion plan.
- Served as interim-CEO for five years, quadrupled revenue, and increased profit margin by 13 points over 4 years by implementing revenue diversification and cost-saving initiatives that addressed long-standing problems.
- Led the transformation of the healthcare portfolio company from a local diagnostic imaging company to a regional player with operations in five countries through bolt-on acquisitions and a solid expansion plan.
- Led and oversee key functions of a transaction including financial modeling, investor presentations, due diligence frameworks (financial, legal, operations, insurance, benefits, IT, and HR), and lender presentations.
- Assisted in negotiations with potential partners including, but not limited to letters of intent, purchase agreements, credit agreements, and executive employment agreements
- Created deal flow databases by identifying potential targets and preparing company specific due diligence reports and analysis
- Prepared and reviewed investment memos, term sheets, letters of intent and present investment opportunities/findings to the Access team and investors
- Saved 20% from direct cost by implementing cost-saving initiatives that addressed long-standing problems.
Senior Financial Analyst
Canada World Youth (a Global Affairs Canada fund)
Ottawa , ON
04.2017 - 08.2018
- Set up and improved accounting systems and processes to meet organizationneeds and optimiza operational processes.
- Assisted team members in transitioning to QuickBooks through extensive training and one-on-one support.
- Served as the liaison between the countries’ offices and the head office in Ottawa by influencing without direct authority to achieve reporting deadlines and annual spending budget.
- Performed spending analysis and partnerships to refine policies and develop recommendations for improvement.
- Identified improvement changes regarding key processes for internal controls and accounting procedures.
- Prepared quarterly financial update as part of the donors newsletters
Chief Operating Officer
Metamed (Gulf Capital Healthcare SPV)
Dubai , United Arab Emirates
05.2015 - 02.2017
- Refined organizational structure to consolidate, streamline and delineate necessary functions.
- Oversaw business-wide changes to modernize procedures and organization.
- Oversaw operations and coordinated with managers to increase quarterly profits by 10%.
- Made large-scale financial decisions and supervised company spending to reduce material cost by $ 2mm and maximize profits by $ 1 mm annually.
- Quadrupled operating margins and revenues over six years through new service offerings, better pricing strategies and organizational restructuring.
- Negotiated and drafted contracts with business partners and vendors, saving company over $ 3 mm over three years.
Internal Audit Supervisor
General Electric-GE
Dubai , United Arab Emirates
05.2005 - 01.2008
- Prepared working papers, reports and supporting documentation for audit findings.
- Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits.
- Evaluated design and operating effectiveness of audit areas.
- Enhanced audit controls by improving planning and testing processes.
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Performed Sarbanes-Oxley (SOX) compliance testing to mitigate operational risks.
- Led the development of the initial Audit Plan. Manage audit prioritization and resource allocation throughout the year
- Ensure audit priority, scope, and issue ranking decisions are risk-based and support GE's strategic objectives.
Regional Finance Manager
General Electric-GE
Dubai , United Arab Emirates
02.2004 - 04.2005
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Created documents to display financial reports and data using Oracle
- Completed year-end close processes through effective supervision of financial functions and regular treasury transactions.
- Reviewed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
Senior Financial Analyst
General Electric-GE
Paris , France
08.2001 - 01.2004
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts.
- Prepared financial reports and streamlined operations to increase productivity and company profits.
- Collected data from country offices to support quarterly forecasts.
- Performed complex financial and budget analyses to determine requirements and justify requested funding.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
- Led the implementation of Oracle across the four direct GE-Healthcare entities in the Middle East region.
- Managed the preparation process of an annual budget of $300 million for the Middle East and Africa.
Chief Accountant
General Electric-GE
Cairo , Egypt
12.1999 - 07.2001
- Prepared monthly journal entries and reconciliations.
- Led team members in transitioning from Microsoft Great Plains Dynamics to Oracle new system through extensive training and one-on-one support.
- Drafted variance reports, regulatory filings and related schedules.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Prepare financial statements and consolidations after reconciling general ledger accounts.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Managed the relationship with the banks, external auditors, and tax consultants.
- Collaborated with bank representatives to negotiate and draft a financing facility for $ 5 million.
Financial Analyst
Lokma Group
Cairo , Egypt
12.1999 - 09.2000
- Promoted successful investment plans with well-organized and smooth presentations.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
- Consolidated financial data and materials for key leadership meetings.
- Analyzed revenues, costs and expenses for operating construction projects.
- Analyzed financial information related to payroll, capital projects, operating expenses, professional service contracts and office supplies and equipment to examine budget needs.
External Auditor
PriceWaterhouseCoopers-PwC
Cairo , Egypt
08.1997 - 12.1999
- Assessed company controls and potential risks against benchmarks.
- Completed audit papers by thoroughly documenting audit tests and findings.
- Prepared working papers, reports and supporting documentation for audit findings.
Education
MBA - Management
Strayer University
Washington, DC. USA06.2023
Bachelor of Science - Accounting And Finance
Ain Shams University
Egypt1997
Skills
- Performance Optimization Strategies
- Executive Leadership
- Portfolio Management
- Change and Growth Management
- System Installation Management
- Acquisition Integration
- Mergers and Acquisitions
- Business Consulting
- Budgeting and Variance Analysis
- Corporate Strategy and Development
Timeline
Internal Auditor
World Universities Services of Canada (a Global Affairs Canada fund)
01.2022 - Current
Financial Consultant
Care Canada (a Global Affairs Canada fund)
04.2021 - 07.2021
Controller
Terra20
06.2020 - 02.2021
Senior Financial Analyst
Canada World Youth (a Global Affairs Canada fund)
04.2017 - 08.2018
Chief Operating Officer
Metamed (Gulf Capital Healthcare SPV)
05.2015 - 02.2017
Founder
Business Dome Limited
01.2015 - Current
Vice President of Investments
Gulf Capital
01.2008 - 06.2020
Internal Audit Supervisor
General Electric-GE
05.2005 - 01.2008
Regional Finance Manager
General Electric-GE
02.2004 - 04.2005
Senior Financial Analyst
General Electric-GE
08.2001 - 01.2004
Chief Accountant
General Electric-GE
12.1999 - 07.2001
Financial Analyst
Lokma Group
12.1999 - 09.2000
External Auditor
PriceWaterhouseCoopers-PwC
08.1997 - 12.1999
MBA - Management
Strayer University
Bachelor of Science - Accounting And Finance
Ain Shams University
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