Director of cost management for 5 Factories
INSUTECH GROUP
Total years of experience :19 years, 11 Months
• daily report content production ratios
• weekly report content weekly production VS Budget And VS Forecast
• Cost Statement per SKUS
• Income Statement total factory and Net profit per SKUS
• BEP per products by ( volume & Price )
• BEP per branch if we have
• CM ( Contribution margin ) per SKUS & CVP per products
• Solve any Pb if we have any bottleneck
• Non-usage capacity cost
• Item Master file: Finished Products and Raw & Packing materials
• OPM File Review : Finished Products, Raw & packing materials by ( Routing & Recipe )
• Cost Allocation Maintenance
• Material Purchase Price Variance
• FTE Report
• Maintaining a standard cost system, analyzing cost variances and preparing reports, assisting in month end close as well as conducting physical inventories.
• Interface with external and internal auditors to ensure Balance Sheet integrity
• Prepare monthly reporting and fluctuation analyses.
• Analyze and forecast foreign exchange currency rate impacts on inventory and reserves.
• Prepare senior executive management cost reports based on budget, commitments, actual cost, and forecasts in order to properly control company costs
• Determine the position of employer in respect of project execution and highlight profits or losses in due time for management to take corrective action.
• Develop a work breakdown structure to track budgets and costs at the project level.
• Manage Cost Control personnel to review contractors’ cost proposals, and make the relevant recommendations
• Analyze cost variances, review cost performance data and monitor actual cost against budget.
• Combine multiple contract budgets and forecasts to determine cost mitigation strategies
• Implement the Cost Management system to ensure all costs are accounted for in a clear and concise manner
• Reconcile relevant accounting records to Cost Management System ensuring actual,
Forecast and commitments are balanced.
• Assist the Finance Department to ensure periodical budgets are in line with project
Forecasts.
• Liaise between Project Managers and the Finance Department in respect of all cost
• Information and performance issues.
• Collect all details new assumptions for the budget.
• Issue memo to all production Mgrs. to send their review of recipes & routings
• Collect from purchasing new prices of all raw & packing materials.
• Update landed cost of all raw & packing materials.
• Prepare Cost of sales (Prime cost) based on the new sales budget.
• Update Prod bud volume by factory by month after sales budget approval.
• Extract routing hours by factory.
• Prepare allocation worksheet based on agreed bud expenses, prepare spread sheet by cost centers for direct and indirect expenses.
• Update Facility rates in the system and run F. Product costing.
• Update Transfer all cost information data from Test mode to live mode before any new transaction manufacturing cost/Cost of sales in the system.
• In new budget year.
• Make CS transaction as a last transaction of the year and see variance between new and old stand. Cost based on inventory.
• Prepare query report for the income statement purpose - Prime cost, cost of sales, by factory, by month, by product group for manufacturing & by depots for sales.
• Prepare Product Profitability report, comparison report etc.
• Get the monthly result
• Follow the production on daily basis
• Stock controller responsibilities
• Overhead analysis on cost centers
• Report the monthly result to CFO & Head office
• Start Work As Cost Accountant & Stock Controller
• Also Work On WIP Follow up on daily basis
• Follow up the ERP System To Get the monthly result