Amr Abdel Mawgood
Verified Expert in Management Consulting
Management Consulting Expert
Cairo, Cairo Governorate, Egypt
Toptal member since March 7, 2022
With over 30 years of experience in multinational companies, Amr started his freelance consultancy services and joined Toptal in anticipation of more growth and success. He provides consultancy services to growing companies and mentors young African entrepreneurs. Currently, Amr is providing his services to clients in financial services, construction, real estate development, and potentially healthcare.
Career Highlights
Education Highlights
Case Studies
Automation of an Investment Portfolio Management System
Business Plan for a Manufacturing Company
Revamping Financial Reporting Pack
Industry Expertise
- Business Services
- Management Consulting
- Insurance
- Manufacturing
- Building Materials
- Telecommunications
- Startups
- Consulting
Software Expertise
- Microsoft Excel
Other Expertise
- Accounting
- Business Planning
- Cash Flow
- Financial Planning & Analysis (FP&A)
- Investment Portfolio Management
- P&C Insurance
Work Experience
CEO
FinPro Egypt
- Consulted several clients in various industries, including insurance, construction, real estate development, and health care.
- Delivered a complete set of operational finance workflows, processes, and procedures and the ERP system's business requirements document (BRD) to a major real estate developer.
- Led a project with one client to change their license with the regulatory authority, which included managing legal, technical, financial, and tax due diligence and preparing a feasibility study for the license conversion project.
- Rolled out a complete cost control protocol for a customer operating in the construction sector.
- Provided a complete financial transformation to the finance department by creating the investment and FP&A functions and restructuring the operational finance role.
- Prepared a 3-statement projection model for a subscription-based mobile app called "On the Road," aimed at locating and promoting coffee booths around town.
CFO
AXA Egypt
- Redesigned the cost allocation model to ensure fair distribution of costs among four companies providing three lines of business, ensuring the cost allocation achieved the highest tax savings. The tax savings in VAT reached approximately $1 million.
- Restructured the finance function post-acquisition of the life insurance company, creating an additional 20% efficiency in staff cost.
- Amended the financial model to provide monthly P&L and cash flow for the general insurance business, including triangulation of reserves and auto-linking the cash flow to the P&L statement.
- Led the investment team to create a customized fixed-income benchmark that suits the company's $300 million unit-linked portfolios. The benchmark was designed to match the liability duration of the customer base.
- Contributed to the localization of IFRS 4, ensuring the inclusion of deferred acquisition costing (DAC) accounting and adding $3 million to annual profits.
- Negotiated with the regulator on including subordinated loans within the equity and solvency calculation, which added approximately €6 million to our solvency coverage and enhanced the capital structure for all participants in the Egyptian market.
Finance and Administration Director
Commercial International Life Insurance (CIL)
- Prepared a financial model for P/L projection for the life insurance business, including persistency assumptions and triangulation for reserving covering ten years of business.
- Managed a major automation project for the daily pricing of the investment portfolios, considered a turning point in the operation system.
- Initiated a digitization project of policyholder's documents, which led to savings in archiving costs of approximately $200,000.
- Laid out the investment strategy for a shareholders fund ($40 million), including guidelines and performance measurement techniques. The investment management was executed in-house by one of the teams I led.
- Restructured the general administration department with 15 service centers to achieve better quality service to the business and ensure embedding the customer service concept in the processes and procedures.
- Initiated and launched a first-of-its-kind Islamic Sharia-compliant fixed income portfolio, extending choices available to our customers into the Sharia-compliant scale. The portfolio raised approximately $6 million.
Finance Director
Bitunil
- Prepared a full business plan with a granular line-item budget for monthly and quarterly performance measuring.
- Restructured the treasury function to be more efficient by creating an automated bank position and weekly reconciliation.
- Changed the procurement policy to allow for a more dynamic process to ensure cost efficiency.
Accounting Manager
Mena Telecommunication Company (Menatel)
- Established the accounting cycle for PayPhone Business using smart prepaid cards, creating a revenue streaming methodology that added around EGP 5 million a year.
- Created a complete Excel-based payroll system for 200+ employees, covering social insurance and salaries tax treatment.
- Created a pricing model based on the elasticity of demand to increase the company's revenues according to payphones location and social class.
- Implemented Oracle Financials, including basic suite (general ledger and fixed assets) and purchasing and stock control module.
- Built a team of 16 members in Cairo and five branches.
Education
Bachelor's Degree in Business Administration, Accounting
Cairo University - Cairo, Egypt
Certifications
FLMI
LOMA
CMA
ICMA
Skills
Finance
Accounting, Management Accounting, Financial Planning & Analysis (FP&A), Internal Financial Reporting, Cash Flow, Financial Modeling, CFO, Budgeting, Financial Reporting, P&L Forecasting, Controller, Internal Audits, Investment Portfolio Management, Forecasting, Revenue & Expense Projections, Cash Management, Cash Flow Modeling, M&A (Sell-side), Three-statement Modeling, Finance Strategy, Taxation
Output Software
Microsoft Excel, Microsoft Word, Microsoft PowerPoint
Industry Expertise
Life Insurance
Geographic Expertise
Egypt, Middle East
Other
Costing, Treasury, Cost Control, Team Leadership, Interim CFO, Key Performance Indicators (KPIs), Business Plan Consulting, Excel Expert, Operations Research, Business Planning, Risk Management, Business Process Re-engineering, Investments, Management, Procurement, Administration, Financial Risk Management, Investments & Risk Management, Internal Control, Strategy, Property Insurance, P&C Insurance, Financial Ratios, FPA, Cash Flow Management, Management Consulting, Revenue Strategy, Finance, Build Processes, Financial Controls & Processes, Systems & Procedures, Processing, Manufacturing, Financial Transformation, Post-merger Integration, Fractional CFO, Economics, Risk Management in Reporting, Internal Audit Function, Cost Accounting, Asset Liability Management (ALM), Portfolio Management, Reporting, Annual Planning, Annual Budgets, Team Building, Team Management, Automation, Financial Operations & Processes, Healthcare Services
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