Costing and Budgeting Manager
LACTALIS
Total years of experience :20 years, 7 Months
Costing and Budgeting Manager for the Group business in Egypt
- Manage and control Annual budget with the monthly follow up of achieving .
- variance analysis for the effects and working on the gaps development by analyzing the main ratio like ( contribution margin , pricing power, ...) and working with the team to solve the problems.
- control the factories cost and analyzing the main ratios for the manufacturing
Main target for this position is to control the Production, Supply Chain, Purchasing & Sales cost for the group factories in Egypt (5 Factories) by controlling all the KPIs for each part in the company.
Key Role Responsibility:
1-Annual Budget and three years plan
Preparing three years plan with global view for Capex needs and volumes.
Drive annual budget preparation with all Department for all Details and ratio analysis
o Operating Budget :
Sales Volume.
Full industrial budget results with all the variance analysis verses previous periods with all the KPIs As :
Raw and pack cost by creating all recipes and BOM.
Overhead fixed and variable mainly head count and cost amount, Utilities, Chemicals, Maintenance and others Expenses.
Margin level need.
ITP for the SKUs.
o Financial Budget :
Sales Turnover
COGS
Non-Manufacturing cost to get operating income.
2-Regular follow up
Costing and inventory.
Pricing and calculate the Profitability for new products.
Monthly net Margin per SKU.
Rolling forecast results - To Calculate estimation results for next quarter.
Full Monthly Closing for industrial and P&L (Results and variance analysis Vs. Budget and Last Year) For the Group.
Control and review Monthly inventory and cost closing with all the details As (Cost of production and Cost of sales with variance analysis for the cost per line)
Benchmark between the factories for Main Ratios and analyses the gaps.
Saving plan follow up and recommend new saving projects.
Purchase price variance (PPV) follow up
OEE Follow and saturation with highlight the main reasons by using Pareto graph.
Weekly follow up for the factories between ( Production volume & Sales volume, raw material usage, Main raw material stock and coverage Days, factory losses & OEE and Head count )
Supply Chain support.
Monthly rolling forecast volume (production and sales) compared with the actual capacity and saturation per line for the production.
Demand of raw and packing material &coverage days and stock level.
Control purchase prices.
Key Role Responsibility:
Build the annual budget with the factory management (Factory manager, production, quality, and maintenance and admin managers).
Responsible for following up the KPIs on daily, weekly and monthly basis like productivity, efficiency compared with the monthly budget and raw material, packing material consumption, working hours and efficiency.
Justify the deviations from the budget and split this variance effects between (process, formulation and price effect), explain with the losses reasons & the responsible departments and effects on the total company results, then make actions plan to be back on the right path and follow the plan implementation.
Analyze the use of resources and how to optimize the production formulas to ensure efficient use of resources as reflection of raw materials prices change.
Preparing the monthly results and comparing it to the monthly budget then explain the deviations if any differences.
Identifying the total industrial costs till the industrial transfer price.
Review and check the production orders cost on the ERP system (Microsoft AX2009), and allocation of direct materials per order.
Review the monthly cost of labor and working hour’s indicators (EGP/hour, seconds/KG).and monthly effect versus flexible budget.
Calculate the monthly contribution margin by category, market and item.
Key Role Responsibility:
A-COST ACOUNTANT
Daily flow up for production and usage from material and quantity produce.
Pricing raw materials used and make actual cost for batch.
Allocate the overheads to make actual cost for each batch.
closing the month (prepare actual cost statement)
B- INVENTORY CONTROL
Flow up for usage and close the inventory quantity in the end of the month
C- OTHER FIELDS Experience
Control the new investment cost based on the material, machine and suppliers invoices
Working in bank accounts.
Working in Account payable to review supplier’s invoices and the payment to him.
Record necessary journal entries.
Compile & record the revenue statement.
Record the detail of transfer in the fixed asset register at the headquarter
Prepare the sales tax report for government.