Emad Ahmed
Senior Costing Manager at Al-Wefag Manufacturing and Trading Co- Claim this Profile
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English -
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French -
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Bio
Credentials
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CMA Part1
-Dec, 2015- Nov, 2024
Experience
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Al Wefag Trading & Manufacturing Co. Ltd
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Saudi Arabia
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Food & Beverages
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100 - 200 Employee
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Senior Costing Manager
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Jun 2014 - Present
1. Prepares cost estimates of new or special products for establishing selling prices and production forecasts. 2. Maintains responsibility for routine compilation of parts manufacturing costs for payroll, inventory accountability, and distribution of factory labor, verification of actual costs and computation of variances. 3. Calculates burden rates and sets up expense budgets for manufacturing and service departments. 4. Checks and clears data on labor and materials costs burden and expense items, inventory, and profit and loss adjustments. 5. Devises, installs or controls systems for determining unit cost of products or services. 6. Distributes costs between the various divisions of management and production. 7. Classifies production costs into wages, material and overhead. 8. Conduct ongoing process constraint analyses 9. Report on breakeven points by products, work centers, and factories 10. Report on margins by product and division 11. Report on periodic variances and their causes, focusing in particular on spending variances Analyze 12. capital budgeting requests 13. Perform cost accumulation tasks as a member of the target costing group Supervises most 14. Prepare all supporting information for the annual audit with the approved external auditor. 15. Document and maintain complete and accurate supporting information for all financial transactions 16. Provide full accounting services, including the preparation of estimates, budgetary control and final accounts for a cost center. Show less
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Mondelēz International
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United States
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Food and Beverage Manufacturing
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700 & Above Employee
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Senior Costing & Payable Accountant
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Jan 2012 - Jun 2014
1. Activities in the accounts payable function. 2. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate records and Fixed assets & inventory movement 3. Control reports. 4. Responsible for preparing accounts payable register and related reports. 5. Issuing of general ledger on a monthly basis 6. Assist in preparation of annual operating plan (budget) and monthly forecasts. 7. Supervises most activities in the accounts payable function. 8. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate records and control reports. 9. Responsible for preparing accounts payable register and related reports. 10. Issue and review month end marketing vendor balances, communicate closely with vendors to ensure reliability of balances and having one set of numbers on both parties Job description, responsibilities and accomplishments 11. Develop marketing accrual status reports and communicate with the marketing team as well as the finance commercial team to ensure spend within contract & forecast 12. Review, classify and post marketing spend and accruals 13. Support internal and auditors through supplying them with all the required data, reports and documents 14. Monitor open and overdue items and communicate and follow-up accordingly with the appropriate staff 15. Coordinating with external auditors, ensuring the annual and interim audit process run 16. efficiently and effectively 17. Perform detailed analysis on creditors balance on a monthly basis 18. Review of monthly, quarterly, annual financial reports including flash net income, Board report, Cash flow forecast, net income forecast, Department fixed cash cost reports, quarterly Egypt to US GAAP reconciliation, annual financial statements Show less
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Costing Accountant
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May 2009 - Jun 2012
1. Developing and maintain financial accounting systems for Cost management, accounts payable, accounts receivable, and petty cash. 2. Prepare and monitor cash flow projections and associated records to determine the optimum use of funds or the need to raise additional revenue. 3. Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability. 4. Implements a system of appropriate controls to manage business risks 5. Review monthly results and implement monthly variance reporting as compared to budget. 6. Updating standard costs in the bill of materials 7. Review standard and actual costs for inaccuracies 8. Validate the cost of goods sold as part of the month-end close. Issuing of general ledger on a monthly basis 9. Continually improve document processes on an on-going basis 10. Making cycle counting variances and resolve issues 11. Accumulate and apply overhead costs as required by generally accepted accounting principles 12. Work with the materials review board to locate and dispose of obsolete inventory Show less
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EICG-BD
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Financial Services
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Auditor / Senior Auditor
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Jan 2007 - May 2009
Undertaking external Audits for clients, working in the Audit team executing the audit test designed by the “in-charge auditor”, supporting managers in the execution of their work plans and guiding the lower grade auditors. Attend client audit’s checking and reconciling financial information to ensure it is accurate and a true. Ensuring that the audit documentation is kept in order and can be easily understood by others. Producing audit work papers and documentation for checking and approval by superiors. Reviewing complex financial data ensuring its integrity stands up to scrutiny. Assisting in the production of audit reports. Assisting in ensuring the firm is compliant with risk management procedures. Show less
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Education
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2014 - 2016
Institute of Management Accountants
Master’s Degree, CMA -
2003 - 2007
Banha University
Bachelor’s Degree, Accounting and Finance -
2001 - 2004
Banha
Bachelor's degree, Accounting
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