Financial & Cost Controller Head
AJE Big Cola
Total years of experience :15 years, 11 Months
Contribute to the development of annual Budgeting, Planning and reporting plan ensuring that it is aligned with the overall finance plan.
•Provide reports to management and each department head with financial results and variance analysis reports for revenues, cost, and cash flows to ensure critical issues are identified and appropriate recommendations are carried out.
•Handled the accounting procedures, beginning with posting journal entries, maintaining general ledger, reconciling GL accounts with sub modules (AP/AR/Inventory), reconciliation with intercompany, preparing trial balance of books along with various financial reports concluded with financial statements.
•Monitor and analyze monthly operating results against budget.
•Providing periodic reports of project/product margin, cost variances (Actual Cost Vs Standard),
•Preparing monthly Actual & budget variance analysis reports.
•Monitors the financial progress of a project, computes operating fixed and variable costs and compares such costs to budgets.
•Prepare work order/batch or project costing reports and details.
•Regular checking of raw materials, consumables spare parts, WIP/GIP and finished inventory movements and reconcile inventories versus general ledger.
•Work consultatively with the respective departments on cost reduction initiatives
•Creates a detailed budget that accounts for each estimated expenditure.
•Review all Purchase Orders to ensure that they are within project budget and financial limits of authority. In the event that budget is overrun, seek approval accordingly
•Arranging cost data to calculate production cost for each product by cost element (Materials, Labor, manufacturing overhead and classifying cost elements in accordance with Variable, fixed, direct and indirect cost.
•Prepare financial reports as well as provide detailed analysis around key business drivers, financial KPI, revenue, gross margin, SG&A expenses, headcount and working capital.
•Finding ways to reduce costs, and effectively producing a quality product at the best cost possible.
•A break-even analysis is done frequently with products and their costs to determine the most efficient quantity made of an item at the most efficient cost.
•Ensures the efficiency and effectiveness of all activities relating to costing and managerial accounting.
•Provided in depth analysis and breakdown for all chart of accounts and conducting analysis of the financial statements.
•Preparing and analyzing of key performance indicators, identified key cost drive.
•Assist with monthly forecast and prepare annual budget process, working with various functions.
•Manage the tracking of actual performance against budget for each budget center on a monthly, quarterly and annual basis.
•Preparing sales trend analysis (value and volume) and COGS analysis, preparing contribution margin and operating income analysis.
•Providing management with monthly, quarterly & annual financial data and providing assistance to the external auditors.
•Ensuring accuracy of accounting data that all financial and accounting transactions are recorded in compliance with IFRS.
•Preparing monthly Actual & budget variance analysis reports.
•Maintaining a system of controls over accounting transactions.
•Maintaining a documented system of accounting policies and procedures.
•Valuation of WIP/GIP and Finished Goods Inventory and calculation of Cost of Goods Sold/Cost of Revenue
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•Responsible for timely closing and analysis of all financial statements.
•Preparing month - end closing procedure, including review of GL entries, preparing accruals, Monthly amortization of prepaid expense, Monthly provision and other closing journal as necessary.
•Handled the accounting procedures, beginning with posting journal entries, maintaining general ledger, reconciling GL accounts with sub modules(AP/AR/Inventory), reconciliation with intercompany, preparing trial balance of books along with various financial reports concluded with financial statements.
•Assist with monthly forecast and annual budget preparation, working with various functions.
•Ensures the efficiency and effectiveness of all activities relating to costing and managerial accounting
•Provided in depth analysis and breakdown for all chart of accounts and Conducting analysis of the financial statements.
•Preparing and analyzing of key performance indicators (ROI, RI, Turnover days), identified key cost drive
•Preparing sales trend analysis (value and volume ) and COGS analysis, preparing contribution margin and operating income analysis.
•Providing management with monthly, quarterly & annual financial data and Providing assistance to the external auditors.
•Ensuring accuracy of accounting data that all financial and accounting transactions are recorded in compliance with GAAP.
•Preparing monthly Actual & budget variance analysis reports.
•Maintaining a system of controls over accounting transactions.
•Maintaining a documented system of accounting policies and procedures.