Cost Analyst
Emirates Glass LLC & Lumi Glass LLC (wholely owned by Dubai Investment)
Total des années d'expérience :14 years, 5 Mois
• Cost Analyst. Emirates Glass LLC and Lumi Glass LLC.
• Responsible for:
• Conducting time and motion studies to identify value added and non value added activities.
• Responsible for establishing product cost, Process Cost, Pricing and ensuring that they are
• The costing parameters are being implemented.
• Responsible for identifying and advising corporate management on cost planning opportunities.
• Evaluating quotations and approving those that will ensure that organizational resources are well utilized.
• Interpretation of Financial statements is advising on the appropriate cost method to be used.
• Responsible for ensuring that the total cost of the company is computed and incorporated in all it’s product costing.
• Responsible for Reviewing and approving cost sheets.
• Responsible for preparing costing and management reports to submit to the Executive president.
• In- charge of the whole Finance Team and Department.
• Risk identification, Assessment, Evaluation, management & monitoring.
• Reporting on the corporate performance of the group
• Managing relationships with Banks, credit card Companies and other stakeholders.
• Attending weekly management meetings to present a weekly financial highlight.
• Prepared Budgets, Cash flow projections & Budget Forecast for the next two Years.
• Determination of capital structure and advising on the company’s dividend policy.
• Payroll Management, Credit control and working together with the Purchase department.
• Succeeded in Setting a sound system of internal controls & authorizing controls for all payments.
• Preparation of Financial Statements in accordance with IFRS.
• Overseeing & taken part in internal Audit responsibilities
• In charge of the whole Process;
• Cost control & Overtime management;
• Preparation of Costing Records & Setting Transfer prices.
• Scheduling Inventory counts & management;
• Cost control, allocation & apportionment;
• Posting of key transactions into the accounting system;
• Training and mentoring team members;
• Weekly and monthly financial highlights on Cost;
• Budgeting and forecasting;
• Preparation of various MIS reports upon request for decision making;
• Review of internal control systems;
• Recommending new controls where control weaknesses are noticed;
• Bank and control account reconciliation;
• Relationship management with key contractors and suppliers;
• In charge of the whole cycle
• Achieved a 20% drop in operating expenses.
• Reviewed and reduced Receivables collection period by 15% & payables period increased by 10%.
• Achieved better profit abilities & improved decision making via Cost Volume profit analysis
• Investment appraisals (IRR, NPV, ARR).
• Cash management & forecasting
• Payroll and administrative activities (payments).
• Preparation of Financial Statements in accordance with IFRS, IAS& OHADA
• Prepared & reviewed prior budgets & took action.
• Handling bank reconciliation and control accounts reconciliation.
• Preparing monthly, quarterly and annual budgets
• Cash management and account reconciliation, Credit Control
• Write chart of accounts, Preparation of monthly management Financial Reports.
• Management of petty cash under the imprest system and Posted Invoices in the system.
• Provision of necessary documentations to the external auditors during external audits.
• Achieved a great improvement in Suppliers management.
• Maintaining proper accounting records according OHADA & IFRS
• Participate in the Review of performance using variance analysis and KPIs
• Participate in Internal audit reviews
• Participate in Receivables, Payables, Inventory & cash management
• Calculation and payment of VAT & other taxes to the appropriate authorities.
• Prepared daybooks, business documentations.
Financial Accounting, Management Accounting, Accountants in Business, Corporate & Business Law, Performance management, Taxation, Financial Reporting, Audit & Assurance, Financial Management, Governance Risk & Ethics, Corporate Reporting, Business Analysis, Advance Audit & Assurance
ACCA F1 to F9