Sr Cost Accountant
Philips Lighting Saudi Arabia
مجموع سنوات الخبرة :20 years, 7 أشهر
Handling all aspects of Cost Accounting department
•Budgeting & costing of opex and Capex Budgets.
•Monthly review of budgets with actual in respect of operational and capital budgets.
•Fund management & cash flow planning.
•Preparing monthly financial statements like Income Statement, Cash flow & Balance sheets.
•Inventory Control -- Planning of Raw material & manpower required for various levels of operation. Setting the optimum material for stock. Ensuring the continuous availability of material.
•Continuous improvement in cost saving in operation.
•Analyze & identify areas for improvement in productivity and savings.
•Working in Dynamix AX ERP
Budget - Operational
Preparing and compiling operating budget of various Cost Centers & inputting the same in SAP.
Budget preparation - Month wise Sales Budget, Variable cost & Fixed Cost Budget, Cash flow projection.
Preparing projected Balance sheet and Income statement according to Profit centers based on assumptions/agreements/Standards/Unit consumption Ratios provided by SHARQ/SABIC
Monthly reviewing of variable & fixed costs review Variances between Actual vs. Budget.
Budgeting the Out-contractor manpower costs, Depreciation & Amortization for SHARQ for existing plant and upcoming projects/TAM/Shutdown
Budget - Capital
Compiling Capital budget of various Cost Centers.
Using the Capital Budgeting techniques namely IRR, NPV & payback period & DCF to assess the feasibility of projects.
Preparing the budgeted cash flow for 5 years to compute the fund required for Capital projects from internal accrual & outside loan.
Optimize fund rationing for effective & smooth implementation of projects.
Reviewing the progress of the Capital projects & monitoring & analyzing the variances with actual with budget.
Settling the AUC to Asset Account under proper classification for accurate depreciation.
Costing
Arriving out the Total Cost per unit, Variable Cost per unit and Fixed Cost per unit of all products manufactured on monthly basis.
Monthly analysis of price and quantity variance of Variable cost, raw materials & utilities.
Analyzing fixed costs variances and seeking their justifications
Reconciling the quantitative details of Finished Products and Raw materials with physical quantity and charging the differences in respective GLs.
For more details, please see the attached CV
ØFortnightly and monthly MIS and costing includes analysis of price variance, quantity variance on actual basis of the products manufactured.
ØBudgeting of Production and Overheads, allocation and apportionment thereof, profitability of plants/products and Company as a whole.
ØROI calculation for Capex, Expansion and Replacements.
ØInventory taking, reconciliation & Control of plant as well as job work
ØExposure in SAP
ØDid the costing function e.g. Standard Product costing, fixing MRP and Excise, Product Contributon analysis, Yield variance analysis, Pricing for Export & Transfer pricing Loan licence/Third party purpose etc., Inventory analysis and valuation, MIS on Direct and Indirect expenses on budgeted vs actual and variance analysis
ØBudgeting of Production and Overheads, allocation and apportionment thereof, profitability of products and Company as a whole.
ØPerformed supervising function of accounts as well as carrying out internal audit function. Looking after the overall functions of Accounts & Finance department. Areas include.
ØLooked after finalisation of accounts in respect of group concerns e.g. companies, partnership & Proprietary firms, associates and individuals.
ØLooked after taxation matters viz. Filing TDS returns, preparing statement of income and filing annual returns under Income Tax Act.
ØLooked after Sales Tax, Professional Tax and Provident fund matters and filing various returns within the stipulated time.
ØFiling of various returns Registrar of Companies under Companies Act.
ØCo-ordination with branches and reconciliation of stocks and accounts and consolidation of branch accounts and preparing MIS on them.
ØLiasoning with Statutory Auditors
ØDay to day banking activities and submitting monthly, quarterly and half yearly statements to lending bank in compliance with working capital needs.
Bachelor of Commerce