Costing Manager
Egyptian Dairy & Foodstuff Co. (EDAFCo.), Member of Danah AlSafat Group.
Total years of experience :17 years, 2 Months
Achievements:
I Handled the Financial Manager position responsibility two times for four months.
We took the advantage to create a business plan for next 5 Years and achieved for the first 2 years.
We already solved all the critical situation with VAT tax, Additional Tax, Salaries Tax and Real Estate Tax.
We helped the company to be transferred from AS400 system to Almotakamel ERP system.
Responsibilities:
Providing financial reports and interprets financial information to managerial staff while recommending further courses of action.
Advising on investment activities and provide strategies that the company should take.
Maintain the financial health of the organization.
Analyzing costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
Develop trends and projections for the firm’s finances.
Conduct reviews and evaluations for cost-reduction opportunities.
Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
Manage the preparation of the company’s budget.
Liaseing with auditors to ensure appropriate monitoring of company finances is maintained.
Corresponding with various other departments, discussing company plans and agreeing on future paths to be taken.
Manage the team of costing day to day work, supervision, training and development.
Provide objectives and appraisals on an annual basis.
Run the month end process for costs and make sure all deadlines are met.
Provide commentary and analysis of costs against Budget and latest forecast.
Run the monthly forecast process for costs and make sure all deadlines are met.
Provide details of risks and opportunities for costs.
Ensure that spending is recorded accurately in the books. Invoices are coded to the correct Nominal/Cost Centre and Project. This will ensure that variances generated are a true reflection of current financial position.
Working as a business partner with the company to provide monthly reports to the business so that they are held accountable for their variances against forecast and budget to make sure that the latest forecast is accurate as possible to ensure that variances are kept to a minimum.
Gain an understanding of each area so as to assess the financial risks and opportunities. Meet with each Budget holder on a regular basis to support them in meeting their financial targets
Provide monthly summary analysis of headcount and related costs to senior management.
Achievements:
Build a new costing system (cost centers, overhead allocation rates and job order data sheet) to achieve the fair production cost for each item.
Responsibilities:
Profitability report that is shown the actual cost for each job order (individual) and the variances vs. the standard cost (quantity, price, Labor, and cycle time) to help the top management in decision making and information flow.
Preparation of monthly cost statement, starting from raw material cost and go’s through the overhead allocation to be ended with cost of goods sold.
Hand on hand with my teamwork to control the inventory’s document cycle to avoid the weakness points before it makes any trouble.
Achievements:
Controlling the expenses and revenues to transfer the company business result from making losses to making profits for the first time in the company history.
Responsibilities:
Finalization of accounts including consolidated financial statement.
Preparation of quarterly financial position report actual vs. budget.
Preparation of monthly cost statements & cost of goods sold report.
Preparation of estimation costs for the new products & projects.
Audit on stock transactions to ensure proper allocation and documentation.
Assist the business with the annual Budget process by engaging with Budget holders to deliver Budgets within targets.
Develop a process that collects the Budgets from the business along with bottom up drivers that support the budget for each nominal.
Monthly depreciation & overhead report per unit for the finished goods product actual vs. standard. Preparing Qty. & Price variances report by input component.
Assisted in monitoring actual performance vs. budget.
Issued weekly and Monthly statistics, stock-equation for inventory progress (finished goods, raw & packing material and spare parts inventory).
Assisted in development the documentations cycle of warehouses and the relation between.
Contributed to the fine-tuning of the company’s costing system in order to have a clear and reliable picture of the cost of production.
Carried out audit tasks right from client screening to final issuance of audit report.
Assists audit team leader in various assignments ranging from service to manufacturing firms.
Assists audit team leader in auditing report preparation.
Participation in public meeting to presentation and discussion auditing report
Study audit programs, principles, practices and procedures of the Egyptian Accounting and Auditing Standards.
