Budget & performance manager
Wadi Group
Total years of experience :23 years, 2 Months
Budget & performance manager
Analyzing general ledger accounts and cost reports and pre-assessing financial entries
Analyze over-usage and standard price variances and communicate them to the production and commercial teams
Supervise periodic counts of raw and packaging materials, semi-finished products, and finished goods on site and reconcile with system values.
Ensure proper pricing/costing and analysis for all factory products, promotions, new activities
Calculate the profitability per SKU in Monthly basis
Sales & operation plan
Analyzing actual manufacturing costs and preparing Weekly and monthly reports comparing standard costs to actual production costs
Maintaining Cost Accounting System
Create and review the controls needed for data accumulation and reporting systems
Report variances and their root causes on weekly & monthly basis
Prepare the standard costs by Plant for all products based on budget and Manufacturing Bill of Materials.
Issue monthly Manufacturing score card (by plant) with changes vs. standards. (RM, PM, Mfg.)
Update the Manufacturing costing system for new products linked to manufacturing locations.
Assign direct overheads to manufacturing units (depreciation, maintenance etc.).
Prepare and calculate the costing run on monthly basis.
Prepare the GOGs report by factory
Analyze the reason of change in cost and Gross Profit
Prepare monthly capacity utilization report (month & YTD)
Prepare monthly productivity by employee report (month & YTD)
Allocate indirect overheads to production cost centers based on the agreed upon allocation criteria
Manage the inventory movement cycle and ensures cycle matching to inventory counts and material utilization.
Compare performance between manufacturing sites - identify opportunities for cost efficiencies.
Lead the loss analysis/cost saving monthly forums across all plants and identifies action plans to reduce cost.
Identify and lead opportunities to improve overhead cost efficiencies through better utilization of resources.
Examines and reviews unusual cost records and ensures cost data is allocated correctly.
Studies and collects data to determine standard costs of products manufactured, including raw materials, inventory and labor.
Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
Coordinate with IT department for system development
Prepare ad-hoc analysis when required
Supervise overall accounting function and operations.
Monitor the company's financial systems to ensure they are providing accurate, relevant, and timely information necessary to establish/monitor progress related to key management objectives.
Develop accounting system, participating in the preparation of the internal accounting cycles.
Solve problems that would hinder progress of company's objectives within the work scope.
Directing and monitoring the preparation of detailed analysis and reports.
Preparing and reviewing all monthly and yearly financial statements.
Reviewing the bank reconciliation on a monthly basis.
Coordinate in the preparation of the annual Budget.
Review and analyze monthly comparison between Budgeted Operating Expenses & Actual Operating Expenses Related to each Department. & Financial Statements
Responsible for preparation of accurate Financial Statements.
Coordinate month-end closing activities, and ensure that books are closed on time and accordance with Egyptian GAAP.
Coordinate the fixed assets tracking, capitalization and tagging. Ensure full control over company assets and depreciation.
Coordinate the annual fixed assets physical count and matching it with the fixed assets register.
Ensure that accounts reconciliations are prepared accurately and on time.
Coordinate with external auditors and handles their requirements.
Prepare any kind of analysis when required
Deputy for the A/P section head
Responsible for all A/P financial reports & analysis
A/P Trouble shooter
Responsible for all accruals
Responsible for all the advertising cost (supplier’s payment & GL allocate by cost center)
Responsible for fright & custom clearance account
Handel all the foreign suppliers
Handling the top ten supplier’s reconciliation
Responsible for all under construction cost (supplier’s payment & consultant fees)
Responsible to prepare the Stamp Duty tax
Responsible for Teba food industrial (one of the inter-company accounts)
Share in improve the A/P filling cycle
Negotiating & evaluating cash discounts for supplier’s early payments (discount 5 M. GBP per year)
Handling the indirect materials & accruals with total dealing amount 1 M GBP yearly
Handling all foreign suppliers on LEONI UK Sap System
Handling the inter-company account between LEONI Egypt, UK & Romania
Refunding & correcting prices discrepancies in material & indirect cost between Fors system (matching system) & sap system (payment system)
Responsible for bank & suppliers conciliations
Analyzing & reporting accounts payable financial data & reports
Achieving continued improvement process (CIP) as target for the finance
Supporting accounts payable internal control & internal auditing process
Review posting invoices on the SAP for running monthly payments to suppliers
Contact with foreign suppliers to ensure the delivery of material & solving queries
Responsibilities for withholding tax quarterly report & quarterly Payment to Government
Review freight companies & forwarder’s quotations (local - foreign companies)
Handling recharges (debits & credits) for foreign suppliers, around 200 K GBP per year
Preparing the journal entries & posting to general ledger
Supervision of all daily financial transactions
Controlling the daily cash & credit revenue of the outpatient department
Preparing budgets for revenue and expenses
Preparing salary for the foreigner employees (USD & GBP)
Implementing training course for new recruits
Responsbilities for checks under collection, prepaid expenses & Visa
Responsibilities for reviewing the main store
Responsibilities for loans & handling the monthly deduction
Participating in preparing the financial analysis reports at the end of the year
Appropriate for services ensure to obtain required authorization before posting for payment
Handling the taxes account
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