Cost Control Manager
Mayyar United Support Services
Total years of experience :13 years, 11 Months
• Prepare monthly, quarterly, annual reports, cash flow projections and cost analysis.
• Manage the company's financial accounting, monitoring, and reporting systems.
• Prepare financial reports related to budgets, account payables, account receivables, expenses etc.
• Prepare the costing and recommend pricing of new projects from a financial perspective.
• Monitor the day-to-day financial operations within the company.
• Identify improvement changes regarding key processes for internal controls and accounting procedures.
• Responsible for the preparation and analysis of cost reports.
• Prepare management reports every month of different projects.
• Identify new opportunities for cost savings and implements initiatives to improve corporate budget oversight.
• Prepare the production variance reports to minimize the variance and get the relevant cost.
• Preparing the flash food report.
• Coordinate with purchase Manager to negotiate with supplier to purchase Grocery item, Fruit, Vegetable, General Items & Engineering item as per Market Survey Reports
• Any other duties and responsibilities as assigned by Finance Controller from time to time.
• All food and beverage orders are to be placed according to company policy liaising with Executive Chef, and F&B Manager.
• Daily contact and exchange of information with Executive Chef, Sous Chef, Head Butcher and Head Pastry.
• Deal with any variances and carry out recounts as informed by Financial Controller.
• Preparing monthly cost journal Voucher.
• Preparing monthly closing balance of all outlets, kitchens, butcher and bakery.
• Review of Market list and Purchase Requests to avoid extra purchasing of materials
• Participation in monthly market survey
• To prepare details of loss and breakage in quantities and amount
• The responsibility for the recording of liabilities, expenditure and ultimately payments.
• Checking the invoices with the purchase orders, the invoices & Documentation is referred to the purchasing agent who advises that invoice price should be accepted.
• Checking that all the delivery notes and invoices for day are posted correctly by the receiving agent.
• Daily taking Data backup from Material Control system to Sun (Back office system)
• Ensuring that there is proof of delivery or satisfactory performance evidenced on each invoices processed and that prices quoted on the invoices are in agreement with those stated on the purchase order.
• Checking the price, quantity and quality are as specified on the purchase order, so the invoice can be set up as a payment voucher and processed for payment.
• Delivery notes received without invoices is filed in special file, alphabetically by supplier name, invoices are filed separately in an unpaid invoice file.
• Making Timely statutory payments like (Electricity bills Telephone Bills, Management fees Etc.)
• Maintaining Suppliers contracts, Maintenance contract and Service Contracts Separately.
• Reconciliation of Supplier Balances, Sending Balance Confirmations Etc.
• Preparation of Bank transfer, posting them as soon as it is received from the bank, So the same should not affect the Bank reconciliation.
• Keeping the track of the cheques which is not collectd by suppliers & cancelling as it is getting expired, so the same should not affect the liability of the Hotel.
• Verifying the invoices when it is posted to the sub-ledger .Checking the invoices have been
• Posted to the correct supplier account
• Posted in the correct amount
• Posted to the correct expense (general ledger ) Code
• Posted with the correct Invoice reference and Description.
• Making timely payment to the Suppliers Month wise & Clearing the Balances.
• Making Commission Payments & Fees payments to the Travel Agents, Recruitment agency Etc.
Account Officer at Islam Medical and Dental college, Sialkot, Pakistan
From: June 2010 to Till date
From: Sep, 2009 To May 2010
Job Descriptions: ❖ Assist with preparation of the budget
❖ Implement financial policies and procedures
❖ Establish and maintain cash controls
❖ Establish, maintain and reconcile the general ledger
❖ Prepare and reconcile bank statements
❖ Establish and maintain supplier accounts
❖ Ensure data is entered into the system
❖ Prepare of payment, Receipt & Journal Vouchers
❖ Issue cheques for all accounts due
❖ Ensure transactions are properly recorded and entered into the computerized accounting system
❖ Keeping fees record of student of MBBS, BDS and D pharmacy.
❖ Preparing salary of teaching and Non teaching staff
❖ Communication with the banks for maintaining long term business relationships
❖ Master of Business Administration (Finance) (CGPA 3.02/4) 2011 Virtual University of Pakistan, Lahore.
❖ Bachelor in Commerce (Marks 978/1500) 2009 University of the Punjab, Lahore.
❖ Diploma in Commerce (839/1200) 2007 Punjab board of technical education, Lahore.
(558/850) 2005 Board of Intermediate & Secondary Education, Gujranwala