Head Of Finance & Reporting.
AL-Metwali Steel Products Factories Co: Hussein Omar Al-Attas Factory
مجموع سنوات الخبرة :25 years, 9 أشهر
Preparing monthly unit (Ton or Direct labor Hour) cost analyses and compare it with its estimated cost.
Preparing line charts over periods to observe how expenses & costs affected or not by cost-factors (Tonnage used, Direct hours or expenses by month)
Advising pricing department with estimated cost of direct Labor and other over-head according to direct materials quantity and direct labor hours.
Reviewing Customer aging and following up projects billing, customer approvals, and Advance payments as per contract.
Evaluating projects profit & issuing monthly reports for all financial issues of project: completion%, collection, expected remaining cost, expected whole project profit.
Allocation each project direct & indirect cost as per the most proper cost factor.
Preparing monthly income statement for each division of products.
Preparing monthly estimated cash flow for the next month.
Analyzing variances of each month in: sales units, sales mix, profit ratios, cost of sales, direct expenses, other selling expenses, admin expenses.
Controlling accounts of General ledger: advances, accruals, allocation expenses between head office & branches, bank, Employee loans, Employee clearances, customs claims, LC costing.
Arranging priorities of payments and trying to minimize bank loan as much possible. Working in avoiding bad debits thru deep analyses of customer aging over months, customer’s sales vs collection, average collection period per customer, keeping official credit customer folder and documentary guarantees, getting advices from legal department.
Preparing monthly cost analyses to compare it with its budget, discussing variances with persons in charge, and reviewing pricing according to estimated cost, analyzing costs according to its reclassification: direct, indirect & over-head.
Working with top management to control monthly profit, fixed expenses, fixed cost, and % product margin as per monthly & quarterly plan.
My responsibilities include preparing & sending monthly analyses reports to head officers: monthly comparing gross profit with last year same month, clarifying variance of gross profit% and net profit from budget: selling price or quantity variance from budgeted values). Also yearly preparing expenses budget for each activity according to sales plan and after revising and separating direct from indirect expenses.
For the vehicle service activity: monthly calculating actual cost per hour and issuing reports to management: average cost per Man-hour sold Vs budget, Number of hours sold Vs its budget, normal & abnormal idle hours, cost of abnormal hours, average selling price per hour. Also monthly analyzing and following up service warranty claims. Dealing with insurance companies in preparing claims form to them, reconciliation outstanding balance in between, discussing of rejected claims.
For spare Parts: calculating monthly overage stock provision according with Co policy, issuing sales and GP% reports for spare parts by sales type : Brokers cash and credit, retail, workshop sales. Also reports for each type: its cost. Allocating direct expense to each of them. Compare the above results with its budget. Also managing control over credit costumers for collection issues, and issuing recommendations for additional credit limit request for current costumers according to their historical sales volume and average collection periods.
For General ledger (GL): reviewing the jobs performed from staff as a control process: for accurate journals, expense classification, expense allocations between activities, discount limit according policy, checking claims forms and its analyses, checking payments to suppliers in amounts and duties, also checking Monthly payroll register signed from each department, issuing monthly analyzing format for fixed assets movement, end of service expenses & movements, stock ending balance valuation and reconciliation, other prepayments & accruals monthly check & analyses.
My job also include direction of my staff in controlling expenses payments depending on company policy, checking payments of incentive according company policy and authorized schedule, Following up repair claim with insurance, monthly recalculating and classification of accrued incentive. Assure proper controlling cash/credit vehicle sales (approvals and delivery approval) in addition to the mentioned above.
Payroll Accountant
Sales & credit Accountant
Inventory controller
Cash control
Monitoring collection
General ledger Accountant
Review monthly direct material & labor cost
Allocating over-head & in-direct expenses on production units
Recording monthly & daily journals by cost center and activity base.
Comparing monthly revenues & expenses with its budget, and fill some comments on differences.
Certified Managerial Accountant
CMA
تقدير جيد جدا من الجامعة الاردنية Very good grade from University of Jordan