Budgeting and Cost Control Manager
Abdullah A. M. Al-Khodari Sons Company
Total des années d'expérience :18 years, 5 Mois
• Inform department managers of due dates for the submission of budget information.
• Act as an advisor to department managers in formulating their budget submissions and review proposed budget submissions for accuracy and completeness.
• Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas.
• Propose enhancements to the budget model.
• Examine capital budget requests and issue recommendations to the approval committee.
• Review the budget model for calculation errors.
• Create a consolidated budget version for management approval.
• Propagate the approved budget throughout the organization and explain issues as requested.
• Compare actual to budgeted results at the end of each reporting period, and report on significant variances.
• Update the budget model as requested to account for significant changes in the business environment.
• Maintain the budgeting policies and procedures manual.
• Estimating and managing the cost to provide services.
• Managing purchasing and labor practices in order to keep costs within budget.
• Build reports detailing services’ provision expenses to management along with a comparison of actual versus projected Services’ provision costs.
• Provide profit estimate reports on a regular basis.
Accounting section head, Green clean for complementary services S.A.E, Sep 2012 - Present
• Reviews general ledger accounts, balance sheet and income statement schedules and the required adjusting journal entries prepared by accounting staff for accuracy and completeness.
• Interprets various accounts related data, analyzes financial reports and recommends and/or initiates the necessary actions to be taken.
• Set up a cash flow plan monthly and follow up of the situation accordingly.
• Maintains cash flow by monitoring bank balances and cash requirements; investing excess funds.
• Following up customers' collections and Organize supplier's payment according to cash flow plan.
• Following up banks balances and transaction and fixed assets situation.
• Revising monthly financial statements and reconcile them with tax authorities and auditing partner.
• Revise and approve important journal entries prepared by subordinates.
• Set up a cost control plan on a yearly basis according to the needs of different departments and approve monthly purchase orders accordingly.
• Revise financial feasibility studies presented at each tender.
• Prepares summary reports of accounts activities.
• Reconciles budget and expense statements with accounts of different departments.
• Revise month-end accrual entries including monitoring accruals for accuracy and preparing schedules for accrual accounts.
Senior General Accountant, Veolia Environmental Services, Oct 2010 - Aug 2012
• Closing of supplier's accounts: * Review balances, issues checks and solve different problems related to liabilities accounts.
• Closing of customer's accounts: * Review aging of accounts and follows up the collection process calculate and proceed with bad debt process and provisions, issue and record invoices for continuing customers.
• Fixed asset & insurance policies: * Follow up assets selling process and proper treatment of their disposal from accounts, follow up closing of insurance policies and collect pending claims.
• Treasury section: * Reconcile Company's safe on daily basis and responsible for the in & out Cash transactions'.
• Generating different reports concerning the shutdown process' costs and effects on financial statements for the external parties' reviews (auditors, tax authority and Veolia HQ)
Accounts payable & inventory accountant, Veolia Environmental Services, Sep 2007 - Sep 2010
• Recording supplier's invoices, maintaining and reviewing foreign and local supplier's balances.
• Recording daily inventory movement and physical counting of inventory on weekly basis.
• Monthly closure of both inventory and liabilities accounts according to accrual basis and generating monthly activity and operational reports.
• Assess and collect potential market data, negotiate and follow up on new deals and generate monthly sales and marketing reports
• Maintaining customer's account, issuing invoices and handling paper work for each operation.