Manager of Cost Control Department
Profession Aluminum Company
Total years of experience :18 years, 3 Months
1- Develops adequate policies, procedures and processes for the Cost Control function to maintain efficient operational excellence.
2- Reviews project drawings, specifications, BOQs and other contract documents in order to prepare an accurate & comprehensive workable budget and cost control plan.
3- Ensures communicating with Operation, Procurement and Engineering functions during the preparation of the detailed budget.
4- Monitors, regularly, the detailed construction progress of the project to ensure full adherence to work plans within agreed budget and resources.
5- Recommending corrective actions based on the status and summary reports to requesting management on material, machines and labor requirement of the project against agreed plans.
6- Assesses and analyses all amendments to the project as a result of change orders and takes necessary actions to amend budget.
7- Providing expert advice on cost and budgeting issues related to current projects to project managers, conducting analysis of actual performance against plan.
8- Notifying project managers of any under- or over-run in project costs, recommending courses of action and coordinating progress with the Planning Department.
9- Preparing cost trending & forecasting analysis for project costs, communicating these to all related parties, highlighting concerns and heeds, recommending necessary measures, actions and methods
10- Preparing regular monthly reports and reviews of projects cost performance, providing all concerned parties with regular feedback and advice.
11- Participating in weekly meetings for reviewing project progress and current cost position.
12- Performs other duties and tasks as assigned.
Deliverables:
• Responsible of formulating project budgets and ensuring completion within the set budget, time frame and quality.
• Involved in reviewing funding sources for projects, preparing invoicing and recording revenue and accounts receivable.
• Managing the project payment requests against project budgets for ensuring sufficient funding.
• Processing payment requests and reviewing project payroll for proper allocation among funding sources.
• Analyzing project budgets against actual revenue and expense, and reviewing banks reconciliations.
• Analyzing and forecasting budget revenue and expense and preparing budget revisions.
• Responsible for preparing cost analysis reports relating to project.
Accomplishments:
• Commended for effectively performing compliance audits for applicable grants and contracts.
• Successfully initiated follow-up on outstanding receivables.
Deliverables:
• Assigned responsibility of preparing the annual and quarter financial statements, month-end closing and maintaining the chart of accounts.
• Responsible for completing bank reconciliation, preparing annual budget & monitoring actual vs. budgeted.
• Monitoring daily financials and related system reports for timely, accuracy & completeness.
• Accountable for reviewing daily vouchers and process payroll in a timely manner.
• Involved in developing accounting policies & procedure and provide financial analysis on required basis.
Career Graph:
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Section Head, Feb 2011 - Oct 2012
Senior officer, Nov 2009 - Jan 2011 Officer, Jan 2008 - Oct 2009
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As Section Head
Deliverables:
• Entrusted with the responsibility of devising and implementing policies and procedures for Loans & Bills department.
• Liaise and coordinating with the external auditors for resolving inquires.
• Assigned responsibility of reviewing accounting entries executed for the operation department for loans, deposits etc and assisting I T Department in testing new products (Test environment) for proper functioning
Accomplishments:
• Appreciated for providing useful advice in Annual budget setting.
• Successfully planned and developed useful forms/sheets for departments using Macros.
As Senior Officer
Deliverables:
• Responsible for receiving loan applications and promissory notes from branches.
• Scrutinizing of applications received, verified and the fulfilling the requested amount prior to implementation.
• Responsible of approving the Banking System and the signing of the transaction of the class B.
• Ensuring the fulfillment of commission and fees for stamps and the local administration correctly.
• Checking for correct calculation of interest and reporting to the credit management for initiating corrective actions.
• Resolving the follow-up inquiries and disputes from customers and branches, and following up inquiries and audit reports from the internal control unit of Central operations.
• Responsible for executing loan applications and promissory notes on Banks System (Discounted bills, corporate loans, Syndicated Loans, Personal Loans, Car Loans, Professional Loans, and Staff Loans).
• Preparing monthly report of the stamps and fees for the local administration, and the monthly report for Matured, Arrears and Settled Bills for credit management.
Deliverables:
• Assigned responsibility of managing invoices, journal vouchers, employee reimbursements and statements.
• Updating various data by retrieving the changes from automated systems and retrieving system reports.
• Reviewing daily transactions for changes and accuracy, and correcting errors.