Cost Controller
Al-Khalij cement Company
Total years of experience :18 years, 8 Months
• Administer the preparation of the annual budget for the area(s) within the scope of responsibility.
• Collaborate with department heads to set the key annual targets and budget assumptions, and ensure proper review and consolidation of budget plans.
• Assure effective engagement with relevant parties to identify and address potential areas of cost and resources optimization.
• Assure effective coordination and follow up with the relevant external and internal parties to address matters of concerns.
• Manage and oversee the cost accounting operations ensuring their compliance with the applicable policies, procedures, statutory requirements, and standards.
• Perform analytical reconciliation of costing and budgeting; and compile & disseminate cost variance analysis reports, and provide relevant advice to Management.
• Identify and assess potential changes or trends that may impact cost, and incorporate the approved changes and deviations; and provide proposals and recommendations for cost and expenditure adjustments.
• Review documentation for purchase orders to ensure that they are in line with the DoA and the approved budget.
• Plan and implement appropriate adjustments on strategy for cost allocation and budget utilisation to meet the business needs and align with the overall business plans.
• Manage and control the valuation of inventory, project activities, and product.
• Identify, develop, and maintain a dashboard of KPIs and Score-cards to monitor the effectiveness of the deployed policies, strategy and plans.
• Perform data analysis and prepare timely and comprehensive reports.
• Partake in the preparation of financial statements, budgets and financial plans.
• Ensure that company data, information, documentations and reports are kept updated and archived physically and electronically in line with the approved policy.
• Ensure that the principal risks, including but not limited to, environmental, operational, financial, geological, legal and regulatory risks, are identified and that appropriate systems are in place which effectively monitor, mitigate and communicate those risks.
• Manage the engagement with the auditors through effective collaboration and prompt and comprehensive responses to assure the successful closure of audit observations.
• Partake in testing the effectiveness of the design and implementation of Internal Controls over financial reporting (ICoFR).
Brief: Qatari Investors Group (QIG) is a leading provider of high quality business, industrial, investment services and products in Qatar. Qatari Investors Group plays a major role in the various fields of industry and investment. QIG create value for our customers, shareholders, employees and community and enjoy an excellent reputation in the market
Select Highlights:
• To lead the corporate accountancy team and meet the team’s objectives as set out in the annual business plan.
• To manage the monthly & annual closing of accounts process and ensure that the company’s statement of accounts is prepared in accordance with accounting standards.
• To liaise with the company’s external auditor to ensure so far as possible that the company’s accounts are published and audited with a minimum of reporting of audit points of concern.
• To take the lead responsibility for advising the company on accounting and financial reporting matters and in accordance with appropriate accounting and financial standards.
• Prepare forecasts of the company’s future revenue budget position to enable the Corporate Leadership team and Members to take decisions on the Company’s Budget.
• To manage the arrangements for preparing the Company’s Budget report and in conjunction with the Departmental Heads of Finance manage the preparation of the annual revenue estimates.
• Prepare regular monitoring reports for the Corporate Leadership Team and the Company’s Executive on the revenue budget.
Brief: Ali Bin Ali Group is a privately owned company with a heritage that dates back to 1945. ABA roots began with a vision to provide quality international products and services to the people of Qatar. Today ABA Group is one of the largest retail and distribution companies in Qatar.
Select Highlights:
• Responsible for ensuring that AP, GL & FA records are kept updated perpetually
• Reconciles Accounts Payable balances with vendor statements on monthly basis.
• Independently handle correspondence with suppliers
• Ensures set off of payments against invoices to maintain open item list
• Periodic Aged Payable reports
• Accurate payment processing
• Co-ordination with Banks for payments
• Preparation of AP related MIS reports and analysis
• Adherence to Standard operating policies and procedures
• Assist in period end closing and reporting
• Supervision of the work of assistants
• Preparing and Managing Bank Guarantees i.e., Tender Bond, Performance Bond, Advance Payment Bond, Retention Bond etc
• Preparing and managing Documentary Credits
• Analysis in the field of interest on Credit Import Loan
• Preparing the CAPEX and presenting report on Fixed Assets
• Preparing stock checking report on perpetual inventory method
• Preparation of Monthly Management Accounts
• Performed related duties and special projects as assigned.
Brief: Minhaj University is dedicated to develop a well-groomed populace of Pakistan - vision is to impart education to a whole new generation of Pakistanis who have a deep sense of their national responsibilities, and can equally play their part as a citizen of today’s globalized world. Currently, 11 Faculties and 27 Departments of Mina University offer in excess of 100 degree programs. Quality higher education has assumed a pivotal role in a fast changing world which has become more competitive and dynamic in the twenty first Century.
Select Highlights:
Being the member of academic faculty, lecturer of the following Subjects:
• Principles of Accounting
• Cost Accounting
• Advanced Accounting
• Auditing
• Principles of Economics
• Financial Management.
Brief: Art Techniques (Pvt.) Ltd. is a full service advertising agency accredited with All Pakistan Newspapers Society and registered with Pakistan Television Corporation and Pakistan Broadcasting Corporation.
Its’ specialize in corporate and brand communications, media campaigns, graphic design, public relations, audiovisual production. We have successfully engaged and influenced the audience, promoted sales, created differentiation, built images and brands.
Art Techniques has a team of high caliber and seasoned professionals equipped with an unrivalled depth of industry insight and out of the box creativity.
Select Highlights:
• Dealings with banks and financial institutions.
• All matters relating to lease and insurance.
• Preparation of Budget, Cash flow statement and other “MIS” reports.
• Overall financial planning of the company.
• Control and checking of manufacturing, cost and financial accounts.
• Got audit and to present accounting records to any tax department.
• Development of computer software for financial accounting, inventory, pay roll etc. or according to any change in law, tax rules or any other needs of the management.
• Got Assessment from both income tax and sales tax departments.
• Any other dealings with both the above departments.
• Any other management or legal matter related with the Accounts or Finance.
a) Maintaining all Books of Accounts,
b) Preparing Reconciliation Statements,
c) Preparation of Final Accounts,
d) Dealing with Auditors,
e) Dealing with Financial Institutions etc.
M-COM (FINANCE) Hailey College of Commerce, University of the Punjab, Lahore
POST GRADUATE DIPLOMA IN COST & MANAGEMENT ACCOUNTS (DCMA) FROM HAILEY COLLEGE OF COMMERCE, UNIVERSITY OF THE PUNJAB, LAHORE
B-COM FROM HAILEY COLLEGE OF COMMERCE
