Head of Cost & Budget Dept.
Sharjah Electricity & Water Authority
Total years of experience :32 years, 3 Months
- Produce the Master Budget of the company which includes:
1- Operating budget:
a- Sales forecast.
b- Production budget.
c- Manufacturing cost Budget.
d- Operating exp. budget.
e- Pro forma income statement.
2- Capital expenditure budget.
3- Raw materials purchasing budget.
4- Manpower budget.
5- Financial budget:
a- Cash budget
b- Pro forma balance sheet.
c- Pro forma cash flow statement
- Prepare the monthly performance report.
- Amend the master budget for producing the flexible budget.
- Analyze the historical financial statements for evaluating the past performance of the company by using credit tools. (Ratios, Vertical, Horizontal Analysis, Graphs.)
Prepare feasibility studies and any other reports required by the top management.
-Preparing studies required by banks to acquire a new financial facilities and agreements
-Auditing and reviewing bank interest and markup calculation before financial dept. record it
- Responsible of fixed assets Oracle module
- Analyzing, developing & designing Cost Information System.
- Designing programs or Sub-modules which help in calculating costing such as:
a- Expenses analysis report (according to cost centers.)
b- Fixed assets & depreciation calculation program.
c- Direct labor exp. calculation program.
d-Break-Even Point Analysis Program.
- Manage the team work for producing the monthly costing analysis report which includes:
a- Monthly actual production cost per product.
b- Comparison of actual cost versus standard cost per product.
c- Comparison of actual cost for the current month versus the previous month.
d- Analyze favorable & unfavorable variances and take the corrective actions.
f- Monthly calculation of gross profit per product (standard - actual).
- Responsible for organization of cost centers chart.
- Calculate the break-even point analysis.
- Update yearly standard cost.
Key Achievements:
-Designing Cost Information System
- Developing Budgeting System
-Designing Financial Analysis System
-Reducing interest rate of loans and financial agreements by 2.5%
-Reducing operating cost by reducing liquid fuel consumption and increase both of gas supplies and electricity imported from Abu Dhabi.
-Reducing cost of street lighting
-Increase authority’s revenues by adding advertising material at consumption invoices
-Developing the revenues of Zulal water factory by adding a new production line (under process)
Duties and Responsibilities:
Leading the finance team and responsible for all finance functions at the company. And submitting to management accrual and updated monthly, quarterly, and annual package of financial statements (Income Statement, Balance Sheet, Cash flow, and Financial Position Changes.
Job Outline:
- Assist the Finance and Administration Manager in all finance and accounting matters and ensure compliance with the corporate finance policy.
- Verify, facilitate, calculate, control and check on a day to day basis various types of transactions.
- Prepare, verify, calculate and organise the month - end data files / reports.
- Attend / address all queries from external / internal parties.
- Organise and facilitate annual audits and ensure audits are completed in a smooth and timely manner.
- Verify and check charges levied on the company each month within the permitted timeframes.
- Reconcile Statements.
- Assist the Finance and Admin Manager in day to day activities.
- Analyzing, developing & designing Cost Accounting System
- Designing programs or Sub-modules which help in calculating costing such as:
a- Expenses analysis report (according to cost centers.)
b- Fixed assets & depreciation calculation program.
c- Direct labor exp. calculation program.
d- Break-Even Point Analysis Program.
- Manage the team work for producing the monthly costing analysis report which includes:
a- Monthly actual job orders cost per product.
b- Comparison of actual cost versus standard cost per product.
c- Comparison of actual cost for the current month versus the previous month.
d- Analyze favorable & unfavorable variances and take the corrective actions.
e- Monthly calculation of Scraped materials and reprocessing cost.
f- Monthly calculation of gross profit per product (standard - actual).
- Responsible for organization of cost centers chart.
- Calculate the break-even point analysis.
- Update yearly standard cost.
Key Achievements:
- Developing Cost Information System
- Reducing the cost of French Fries by finding a new suppliers of fresh potato in Al-Kharj area (factory was located in Tabuk area)
- Preparing visibility study and get a bank loan to increase the capacity of the factory by four times.
Duties and Responsibilities:
Leading the finance team and responsible for all finance functions at the company. And submitting to management accrual and updated monthly, quarterly, and annual package of financial statements (Income Statement, Balance Sheet, Cash flow, and Financial Position Changes.
Job Outline:
- Assist the Finance and Administration Manager in all finance and accounting matters and ensure compliance with the corporate finance policy.
- Verify, facilitate, calculate, control and check on a day to day basis various types of transactions.
- Prepare, verify, calculate and organise the month - end data files / reports.
- Attend / address all queries from external / internal parties.
- Organise and facilitate annual audits and ensure audits are completed in a smooth and timely manner.
- Verify and check charges levied on the company each month within the permitted timeframes.
- Reconcile Statements.
- Assist the Finance and Admin Manager in day to day activities.
- Produce the Master Budget of the company which includes:
1- Operating budget:
a- Sales forecast.
b- Finished goods purchasing budget
c- Ending finished goods inventory budget
d- Operating exp. budget.
e- Cost of goods sold budget
f- Pro forma income statement.
2- Capital budget.
3- Raw materials purchasing budget.
4- Manpower budget
5- Financial budget:
a- Cash budget
b- Pro forma balance sheet.
c- Pro forma cash flow statement
- Prepare the monthly performance report.
Key Achievements:
- Designing Budgeting System.
- Designing Financial Analysis Program.
BAHGAT Group :- ( International House Appliances - IHA).
Producing Refrigerators, Gas Cookers & Automatic Washing Machines
- Analyzing, Developing and Designing Cost Accounting Information System for the company.
- Designing Financial Systems or Programs which helping in calculation Cost such as:-
1- Expenses analysis according to cost centers sub-program.
2- Fixed Assets and Depreciation calculation sub-program.
3- Direct Labor calculation sub-program.
4- Break-even point analysis sub-program.
- Manage the team work for producing the Monthly Cost Analysis Report which includes:-
1- Monthly calculation of actual job order costs by product.
2- Comparison of actual costs versus standard cost for each product.
3- Comparison of actual costs for the current month and the previous month. 4- Analysis of favorable and unfavorable deviations and corrective actions.
5- Monthly production report broken-down by job order.
6- Monthly calculation of scraped materials & reprocessing cost.
7- Monthly calculation of gross profit (standard - actual) for each product.
- Responsible for organization of cost centers chart.
- Calculate the break-even point analysis.
- Update yearly standard cost.
- Calculate L/C 'S Costs.
G. M. C. :- ( For Engineering & Feeding Industries Co.).
Producing Gas Cookers, Washing Machines, Electrical Heaters, Oil Radiator & small house appliances.
- Analyzing, Developing and Designing Cost Accounting System for the company.
- Designing Financial Systems or Programs which helping in calculation Cost such as:-
1- Expenses analysis according to cost centers sub-program.
2- Fixed Assets and Depreciation calculation sub-program.
3- Direct Labor calculation sub-program.
4- Break-even point analysis sub-program.
- Manage the team work for producing the Monthly Cost Analysis Report which includes:-
1- Monthly calculation of actual job order costs by product.
2- Comparison of actual costs versus standard cost for each product.
3- Comparison of actual costs for the current month and the previous month. 4- Analysis of favorable and unfavorable deviations and corrective actions.
5- Monthly production report broken-down by job order.
6- Monthly calculation of scraped materials & reprocessing cost.
7- Monthly calculation of gross profit (standard - actual) for each product.
- Responsible for organization of cost centers chart.
- Calculate the break-even point analysis.
- Update yearly standard cost.
- Calculate L/C 'S Costs.
Produce the Master budget of The Company which includes:- 1- Operating Budget:
a- Sales forecast.
b- Production Budget.
c- Manufacturing Cost Budget
d- Operating expense budget.
e- Budget income statement.
2- Capital expenditures budget.
3- Row Materials Purchasing Budget.
4- Manpower Budget.
5- Financial Budget (budgeted balance sheet - cash flow).
- Prepare the Monthly Performance Report.
- Preparing Quarterly Capital Budget & Manpower Utilization Report.
- Amend the Master budget for Producing the Flexible Budget.
- Analyze the historical financial statement for evaluating the past
Performance of the company for different purposes by using credit tools.
(Ratios, Vertical, Horizontal Analysis and graphs)
CMA holder, membership number in IMA (Institute of Management Accountant 7201333)
Degree CMA (Certified Management Accountant) pass Part 2 - Part 1 in progress. Institute of Management Accountant, USA. - Score 380/500 Higher Diploma in Accounting Information System (2years) - Cairo University Grade: - Good. Bachelor's degree in Accounting (4years) - Cairo University - Grade: - Good
Cairo University - May 1990. Bachelor of Commerce, Accounting Section - Grade: - Good