Hussein Elsayed

During my tenure as a capital market manager, I was able to manage +10 transactions in FY24 Identifying significant improvement in financial reporting and Internal controls, helping clients to raise equity/debts with an acceptably lower level of risk from different shareholders and public.

As a Capital Market Manager at EY Middle East, I specialize in reviewing financial statements for companies preparing for IPOs or raising capital through Sukuk or Euro Medium Term Notes. My role involves:
• Assessing financial statements to ensure compliance with regulatory and market requirements.
• Challenging EY audit teams on significant risk areas to confirm key audit procedures are properly executed.
• Collaborating with EY regional quality partners to discuss and address critical audit concerns.
• Coordinating with legal teams to review the prospectus, conducting tick-and-tie procedures to safeguard EY’s independence and ensure financial accuracy.

• In one of my engagements, I have Identified a material deficiency in the client's operational process, and I prepared a detailed clear description of the issue and provided a recommendation to the management and as a result the CFO has praised my contribution during the audit closing meeting,
• Leading teams on challenging PCAOB and UK listed clients from planning to completion
• Reviewing financial statements to ensure its IFRS compliant
• Recently have won audit quality award for having one of my engagements reviewed by UK regulator "QAD" and the audit file was given the score of 1 which means no significant issues found by the reviewer.
• Day to day management of field teams, including reviewing work of staff members.
• Improved one of my engagement financial metrics by involving the offshore teams more throughout the engagement which led to decreased cost in the engagement by 15% compared to prior year.
• Liaison with key client staff providing timely reporting and management information.
• Trained and mentored staff to perform best audit practices and improve quality standards.

• Participating in the hiring process with the talent team by conducting technical interviews with applicants
• Guide and mentor team members and review their work to ensure high quality, accurate, and efficient results and service delivery to stakeholders
• Managing timely involvement of executives as well as risk management of the engagements, developing and maintaining strong relationships with stakeholders
• Provide guidance and mentoring of junior team members on their personal growth and career progression.

Major Audits that I participated in during my secondment in Riyadh: Marriott Hotels, Crowne Plaza and Dur Hospitality.

• Ensure market compliance with Nestlé & Local guidelines, policies & regulations
• Evaluate internal controls and perform operational audits and provide business sound recommendations to relevant stakeholders
• Participate and evaluate important local projects/initiatives
• Perform follow up audits for agreed upon recommendations and respective action plans
• Perform special ad-hoc reviews (Fraud investigations, Operational analysis)
• Key Outputs: Revise together with Head of Nestle North Africa Region a formal yearly risk assessment of the country of his/her responsibility in the region.
• Conduct Audits and Ad Hoc Reviews of the operating companies or overall processes based on the risk assessment in compliance with Nestle Audit methodology and guidelines.
• Review the internal control environment through checks on the basis of the Nestle's Control Monitoring Systems
• Conduct specific investigations.
• Proper stakeholder management through involvement during the audit planning stage to consider concerns on timing and audit scope, during audit progress to inform on audit results through clear and concise communication and getting commitment on action plans to address the improvement areas identified
• Report findings and reviews in line with the Nestle group audit reporting schedule.
• Ensure a regular follow up of all Nestle group audit recommendations / action plans.

• Contribute technical insights to audit client engagements and internal projects
• Actively establish, maintain and strengthen internal and external relationships, execute complex assurance procedures, supervise junior engagement team members and help define the audit strategy
• Monitor the engagement team's progress against the plan and alter it when needed
• Execute work and present its findings to the client and their stakeholders
• Anticipate and identify risks and escalate issues as appropriate
• Work closely with colleagues, determine whether the work plan is properly executed, documented and concluded in compliance with Quality & Risk Management guidelines
• Create a positive learning culture, coach and counsel junior team members and support them on their professional and personal development.