Costing Manager
Saudi Fisheries Company
Total years of experience :14 years, 4 Months
Overseeing of Aqua Culture Operations of Fish Farm, Shrimp Farm Costing, Vessel
Performance, Costing and Restaurant Menu Costing.
Managing a team of Accountants working under AP-AR-GL and Cash Management and
ensuring the Month, Quarter and Year End.
Preparing Monthly Operating Results along with Segmental performance of business units.
Analyze actual manufacturing costs and preparing periodic reports comparing standard costs to
actual production costs, recording cost information for use in controlling expenditures.
Maintaining of Production BOM’ for Fish, Shrimp & Restaurant Menu.
Evaluate biological assets.
Supervise counting of fixed assets, Evaluation of CWIP and Capitalization of Assets.
Review & Approve Monthly payroll, and all its accruals.
Closing Books of Accounts on periodically basis for Accruals, Deferred, Prepaid and
Depreciation of Assets.
Managing the External and Internal audit process
• Overseeing of Breeder, Hatchery, Broiler & Poultry Processing Operations with adherence to IAS-41.
• Analyze actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs; Recording cost information for use in controlling expenditures.
• Maintaining of Production BOM’ for Hatchery, Broiler & Poultry Production Plant and report the difference between Standard & Actual.
• Assists in manufacturing related monthly, quarterly, and yearly closing activities.
• Capitalization of Fixed Asset in the System.
• In-depth understanding of the cost accounting, general accounting, and financial planning and forecasting.
• Evaluation of Supplier Agreements for purchase, with effect of minimizing the cost of purchases.
• Costing of Breeder, Hatchery, Broiler & Finished Products in terms of Poultry and its Finished Products.
• Assist in preparing and analyzing estimated cost of new and proposed product.
• Calculation of Product Cost at different levels of operations, analyzing standard with actual cost of production.
• Develop inventory analysis reports and analyze variances, WIP; Monitor inventory transactions; Audit monthly physical inventory/cycle counts; Reconcile and analyze inventory accounts to the general ledger;
Working as an Accountant in Saudi Innova Group, Health House & Health Kingdom Pharmacy Division - Riyadh- Saudi Arabia.
Job Responsibilities:
• Book keeping and checking of all financial entries to the General Ledger, Accounts payables Accounts Receivable.
• Reconciling creditors account.
• Audit cash and bank accounts and cash flow reports and bank reconciliation.
• Audit cash and bank payments and journal entries and recommend for cost reductions.
• Control and audit inventory accounts and sales and cost of sales reports
• Control and audit Suppliers accounts, credit facilities & periods and payments schedules.
• Control and audit receivable, credit limits and debts aging and follow up collection.
• Make reports about internal control weakness and recommend how to strength them.
• Closing Books of Accounts on periodically basis for Accruals, Deferred, Prepaid and Depreciation of Assets.
• Prepare periodical financial reports and analysis for business activities status.
• Allocation of POS Terminals to Pharmacies.
• Reconciliation of Bank Point of Sales Terminals and communicating the discrepancies of Master, Visa & Span transaction with Bank.
Worked as Cost & Management Accountant in Premier Foods Company sister concern of Al- Jammaz Group, One of high profile Establishment in corporate sector of KSA.
• Maintain up-to-date billing system.
• Follow up, collection and allocation of payments.
• Carry out billing, collection and reporting activities according to specific deadlines.
• Reconciliation of accounts.
• Coordinate the Journal Vouchers to enter in the Data Base System.
• Prepared the Debit Notes and Credit Notes for the stakeholders.
• Prepared the Payrolls and Salaries for the Staff.
• Petty cash management, handle all the Petty Cash, and Reimbursement Payments invoices.
• Monitoring customer account details for non payments, delayed payments and other irregularities.
• Maintain accounts receivable customer files.
• Prepare bank deposits.
• Control Manufacturing Costs accounting system for process and job order systems.
• Assist in setting and designing standard cost system for cost controlling and analysis.
• Analyze variances between standard and actual cost and recommend corrective actions.
• Control LC accounts to import raw materials and determine cost of goods imported.
• Control raw materials inventory accounts and delivery orders to production.
• Prepare cost of goods manufactured statements for both process and job order systems.
• Control finished goods inventory accounts and prepare cost of goods sold statements.
• Analyze overhead cost by cost centers and comparing with budgets.