CHIEF SPECIALIST - Finance
Dubai Roads And Transport Authority (rta)
Total years of experience :25 years, 7 Months
• Financial Planning and designing financial policies and procedures related to costing.
• Provide best practices in cost management and streamline the costing practices across the organization.
• Analyze the initiatives presented by the agencies to prepare and update the breakeven Plan to meet the strategic objectives of RTA.
• Perform and analyze all cost accounting activities including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysis.
• Apply principles of cost accounting to conduct studies, which provide detailed cost information not supplied by general accounting systems.
• Provide reporting and analysis for all activities including forecasting, budgeting, absorption, and operations planning.
• Providing feedback for the development of the annual budget and monthly forecasting as per prior year cost calculation and current breakeven plan.
• Plan, study and variances and evaluate data to determine cost of business activities and provide suggestions for improving performance & efficiency.
• Analyze changes in services provided to determine effects on costs.
• Analyze actual costs and prepare periodic report comparing standard costs to actual costs.
• Prepare reports to management specifying and comparing factors affecting prices and profitability of services.
• Develop and install manual and cost accounting system to meet the strategic objectives of RTA as following:
- Improving the decision-making processes through automation in costing and
profitability analyses processes.
- Traceability in costing and profitability analyses.
- Flexible and powerful analysis through the use of multi-dimensionality.
- Helping line agencies monitor the performance of their services with the details that are overseen otherwise.
• Using benchmark KPIs, RTA will be able to set revenue, cost and profit performance objectives more precisely and effectively across all the agencies
• Provide guidance and mentorship to team members and conduct workshops whenever necessary.
• Responsible for timely and accurate development, processing and reporting of internal costing data in accordance with company policies and procedures.
• In charge of general costing functions, assisting with preparation of monthly financials and standard costs.
• Assist in providing the cost details to support for the financial studies.
• Develop and maintain cost recovery ratio and working cost models to address issues and analyze and present results to management on a routine basis.
• Identify all cost elements and allocate to related cost or profit centers.
• Conduct benchmarking, best practice and methods of costing and do the required comparison to measure services pricing.
• Come up with strategic initiatives to improve efficiency of services / entities.
NBB Group sectors:
- NBB Workers City.
- Industrial.
- Financial.
- Tourism.
- Rent Car.
- Services: Media vision / Facility Management / Catering Services.
• Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
• Evaluate and compare the relative quality of various securities in a given industry.
• Budget preparation, follow-up and expenditure variance analysis.
• Analyze cost accounting data and assist with cycle count/physical inventories.
• Assist in preparing annual & long term financial plan and budget.
• Group Cost Controller.
• Arrangements and recommend action plan for savings and efficiency, Co-ordinate with all user departments, cost controls and finances to ensure efficient turnaround for Purchase requests and Ensure high level of ethical conduct by the staff within the procurement team.
• Financial analysis of data reported in the various financial systems.
• Reviews and processes routine accounting data for revenue and expenditures
• Analyze control techniques in product costing.
• Coordinate availability of relevant cost information from various maintenance sections and management.
• Plans study and collects data to determine costs of business activity such as raw material purchases, inventory, and labor.
• Analyzes data obtained and records results
• Analyzes changes in product design, raw materials, manufacturing.
• Methods, or services provided, to determine effects on costs.
• Analyzes actual manufacturing costs and prepares periodic report comparing standard costs to actual production costs.
• Records cost information for use in controlling expenditures
• Analyzes audits of costs and prepares reports.
• Compiles cost information to be used in operating budget preparation.
• Compiles cost information to be used in operating budget preparation.
• Makes estimates of new and proposed product or service costs.
• Recommends cost efficiencies in new product layouts
• Provides management with reports specifying and comparing factors
• Affecting prices and profitability of products or services.
• Develops and installs cost accounting system.
• Appraises and evaluates real property or equipment for sale, acquisition, or tax purposes
• Analysis show how distribute salaries and industrial expenses by operating hour.
• Reviews purchasing, travel, and personnel transactions for mathematical accuracy, coding and distribution of account numbers, and adherence to policy; may also originate or prepare these documents
• Analysis all industrial & Marketing and general expenses.
• Following up the slow moving items in stock and preparing a quarter reports of the items requires management actions.
• Inventory reporting:
• Preparing the income statement.
• Preparing cost statement
• Monitoring and controlling inventory.
• Review Stock Material Consumption, Direct Material and Low Value Material purchase, and prepare trends and analysis for abnormality control purposes.
• Controlling cash payments.
• Monthly analysis of cost centre spends vs. plan and reporting of this to management.
• Preparing Balance sheet and Profit & loss statement.
• Auditing and controlling all accounts.
• Compile performance reports of Operating, Extra Ordinary, Major Maintenance and Capital Budgets for effective management control.
• Monitoring accounts receivables and payables.
• General ledger accounts and making its monthly reports.
• Controlling cash payments.
• Prepare feasibility report for the existing / new ventures.
• Business plan.
• Member in purchasing committee Duties (Initially):-
• Monitor and approve the evaluation and selection of the suppliers.
• Develop national or multi-regional agreements / contracts for goods and/or
services.
• Identify and implement (where appropriate), coordination of agreements for the
benefit of the business.
• Identify and encourage regional and inter-regional contracting opportunities.
• Preparing Balance sheet and Profit & loss statement.
• Auditing and controlling all accounts.
• Monitoring accounts receivables and payables.
• General ledger accounts and making its monthly reports.
• Controlling cash payments.
• Controlling and monitoring all expenses.
• Controlling and following all accounting transactions.
• Preparing the income statement.
• Monitoring and controlling inventory.
• Preparation the annual budget for cost centers (profit and loss).
• Expenses Analysis.
• Preparing reconcile month end inventory quantities.
• Fixed Assets Management.
• Income/Expense statement.
• Monthly analysis of cost centre spends vs. plan and reporting of this to management.
• Monitoring and reporting of areas including inventory cycle counting, inventory processes, cost of goods accounts, purchase price variance, logged invoices, cost centre and capital spend, balance sheet reconciliations, expenses and other associated reports.
Performs other related functions as may be required by Management.
• Receiving and revising payment vouchers within cash / cheeks.
• Preparing private transportation Dept. monthly revenue after being checked with customer dept.
• Issuing customers invoices and entering it to SAP.
• Monitoring and following up customer’s accountants.
• Preparing monthly journal vouchers of rents (Leasing) and insurance.
• Preparing journal vouchers related to vendors.
• Checking jobs orders (number of laps / customers / Number of trips) of each contract.
• Issuing and stating driver’s incentives by the end of the month based on number of laps done.
• Generate revenues and expenses monthly reports in order to compare between months.
• Preparing the income statement.
• Responsible for working on a feasibility study for a major new project within the business.
• Preparation the annual budget for the cost center (Profit and loss).
• I‘m qualified in making all kinds of cost accounting transactions.
• Making the production equation.
• Estimating cost of product.
• Deviation analyses for product cost.
• Preparing cost statement.
• Analysis show how distribute salaries and industrial expenses by operating hour.
• Analysis all industrial & Marketing and general expenses.
• Following up the slow moving items in stock and preparing a quarter reports of the items requires management actions.
• Inventory reporting:
* MCV Group Companies Total Inventory during the month
* MCV Group Companies Total Inventory at current year Compare with the
Pervious year.
* MCV Group Companies Total Inventory during the current year.
* Auditing the actual inventory compared with the stock balances.
• Comparing the actual purchased items through out the year with the annually testimonial budget .
• Preparation the annual budget for the company.
• Cost Analysis by product / profit center.
B.commerce, Faculty of Commerce (Accounting department) 1998 Menofia University G.P.A.: Pass DIPLOMA IN COST ACCOUNTING Ain Shames University G.P.A.: Pass CMA certificate 2018