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Mohammed Salah, Chief Cost Accountant

Mohammed Salah

Chief Cost Accountant·Interstate Paper Industries (IPI) – INDEVCO Group

Egypt

Diploma, Accounting And Cost Controlling

Work experience

Total years of experience: 16 years, 3 months

Chief Cost Accountant

June 2024 - Present

Interstate Paper Industries (IPI) – INDEVCO Group

Menoufia, Egypt

June 2024 - Present

• Lead the full cost accounting cycle, including accurate product costing, proper allocation of materials and operational inputs,
and compliance with internal controls and ISO standards.
• Update and maintain Standard Cost, perform cost roll processes, and support annual budgeting and rolling forecasts by
analyzing Budget vs. Actual and providing actionable insights.
• Analyze product profitability, Gross Margin, and Contribution Margin; identify deviations, root causes, and improvement
opportunities across production lines.
• Review and approve accounting entries, consumption transactions, and cost allocations to ensure accuracy and proper
financial treatment.
• Monitor RM, WIP, and FG inventory accuracy (physical vs. system); analyze discrepancies, evaluate non-moving stock, and
propose corrective actions to warehouse and production teams.
• Conduct operational and financial assessments, reviewing production performance, BOM vs. actual consumption, waste levels,
and machine efficiency; report findings and recommend improvements to management.
• Prepare cost analyses for projects, waste operations, RM replenishment, and investment decisions including return-on-assets
evaluations.
• Generate cost simulations and replacement-cost analyses to support performance measurement and pricing decisions.
• Review and update Landed Warehouse Cost Sheets (LWCS), validate item cost changes, compare PO vs. actual cost, and update
ERP systems accordingly.
• Analyze and reconcile production output, waste reports, and consumption deviations; verify waste-related transactions and
reconcile monthly broke sales and waste reports.
• Participate in daily production meetings, highlight KPI deviations, and coordinate with cross-functional teams on corrective
actions.
• Analyze machine data via Capstone, report deviations, follow up on corrective measures, and reassess performance post
implementation.
• Participate in cost-reduction commitees by evaluating suggested initiatives and tracking results after execution.
• Support internal and external audit activities by preparing comprehensive costing and financial documentation, ensuring full
compliance with internal control standards and facilitating a smooth audit process.
• Lead the annual physical inventory coordination with Logistics, Customs, and the General Authority for Investment (GAFI),
ensuring accurate stock validation, resolving discrepancies, and signing off final inventory results.

Company industry:
Paper & Paper Product Manufacture
Job role:
Accounting and Auditing

Lead Auditor – Quality Assurance

January 2011 - Present

Interstate Paper Industrias- INDEVCO GROUP

Menoufia, Egypt

January 2011 - Present

• Lead internal quality audits across all departments in alignment with ISO 9001, ISO 14001, and ISO 45001 requirements,
ensuring full adherence to QHSE standards.
• Develop audit plans and tailored checklists based on process risk assessment and performance indicators.
• Conduct on-site audits, identify non-conformities, and evaluate process effectiveness, documentation accuracy, and
compliance gaps.
• Issue detailed audit reports highlighting findings, root causes, and practical improvement actions for department heads.
• Oversee Corrective & Preventive Actions (CAPA), follow up on implementation progress, and verify effectiveness before
closure.
• Provide guidance to department leaders on strengthening quality controls and enhancing compliance readiness for external
audits.

Company industry:
Paper & Paper Product Manufacture
Job role:
Quality Control

Senior Cost & Payable Accountant

January 2021 - May 2024

Interstate Paper Industrias - INDEVCO Group

Menoufia, Egypt

January 2021 - May 2024

• Analyzed monthly maintenance, chemical consumption, and heavy-vehicle costs, improving cost visibility, allocation accuracy,
and preventing unnecessary spending.
• Calculated landed cost for imported pulp and spare parts, enhancing pricing precision and standard-cost updates.
• Validated raw-material transactions and reconciled production output vs. consumption, reducing discrepancies and improving
inventory reliability.
• Monitored project costs, prepared variance reports, and streamlined payment workflows, enabling timely corrective actions
and reinforcing internal control compliance.
• Managed supplier accounts, reconciliations, payments, withholding tax, and prepared detailed supplier analyses, supporting
financial accuracy, regulatory compliance, and strategic purchasing decisions.
• Supported internal and external audits with complete documentation, ensuring smooth cycles and ISO alignment.

Company industry:
Paper & Paper Product Manufacture

General Accountant & Cost / Payable Accountant

March 2010 - December 2020

Interstate Paper Industrias - INDEVCO Group

Menoufia, Egypt

March 2010 - December 2020

Company industry:
Paper & Paper Product Manufacture

Education

American Board of Professional Studies

October 2025

October 2025

Diploma, Accounting And Cost Controlling

Egypt

Menofia University

May 2008

May 2008

Bachelor's degree, Accounting

Egypt

Skills

Material Flow
Expert
Material Flow
Expert
ERP
Expert
ERP
Expert
Variance Analysis
Expert
Variance Analysis
Expert
Cost Control
Expert
Cost Control
Expert
Cost
Expert
Cost
Expert
Costing
Intermediate
Costing
Intermediate
Cost
Expert
Cost
Expert
Accounting
Expert
Accounting
Expert
Microsoft Excel
Intermediate
Microsoft Excel
Intermediate
Cost Control
Expert
Cost Control
Expert
Budgeting
Intermediate
Budgeting
Intermediate
Administration
Intermediate
Administration
Intermediate
Management
Intermediate
Management
Intermediate
Auditing
Intermediate
Auditing
Intermediate

Social profiles

Languages

Arabic

Native Speaker

English

Intermediate