Experience

ASTRA FARMS

• Farming
• 1 - 100 Employee

• Cost Control Manager

  • May 2013 - Present

  - Building accumulated costing systems to provide all business units with accurate and reliable costing information. - Planning, developing, controlling and forecasting for preparing the budget allocation and establishing a cost baseline. - Leading cost improvement actions based on target cost approach with all participating units to reach tenders and products target cost and target price. - Setting KPIs and providing a regular performance feedbacks through a well-defined performance review program. - Checking and auditing the cost records to ensure that the cost elements of products are within the industry average. - Taking overall responsibility to lead effectively the cost control function on inventory valuation, cost of goods sold and materials loss and damage rates. - Performing comprehensive cost variances analyses, identifying their root-causes and working on reducing them. - Providing proactive solutions to avoid the causes of fluctuations in costs and suggesting cost-cutting measures. - Performing extensive analysis of cost and financial statements that includes contribution margin analysis, break-even analysis, operational leverage, cost-volume-profit analysis, productivity and efficiency rates. - Analyzing and interpreting the costing reports, detecting issues and effectively communicating the cost results and its recovery plans to the team work. - Performing special projects for supporting the management in decision making such as make vs. buy, accept or reject orders and business expansion or contraction decisions to identify its economic benefits. - Applying best practices that in compliance with company policies to ensure the cost is under control and minimize deviations versus budget. - Adapting strategic plans 3-5 years for implementing ABC model for determining the business profitability and potential cost reduction strategies. - Generating and providing accurate and timely the results in the form of reports, graphs, dashboards and presentations



Al-Babtain Power & Telecommunication Co.

• Saudi Arabia
• Appliances, Electrical, and Electronics Manufacturing
• 300 - 400 Employee

• Senior Cost Accountant

  • Feb 2003 - Apr 2013

  Cost Accounts Department: - Managed and directed the day-to-day of cost accounting functions to ensure that the cost in control. - Monitored WIP valuation, materials leftover, scrap levels, reworks and outside processing costs. - Prepared and analyzed the cost variances analyses and investigated causes to propose corrective actions. - Collaborated with production engineers on structure and validity of BOM and Routing sequences to check the product cost elements and ensure that the cost remains within the planned acceptable limits. - Performed other duties and responsibilities as assigned by the director of finance. - Worked closely with procurement and production managers to identify the major cost reduction opportunities. - Performed account reconciliations and ensured the general ledger accounts were reconciled, accurate and reliable. - Provided a company-wide dashboard for giving cost data analysis, in-depth reports and results to top management. - Developed metrics and tracking system for major cost drivers to improve product cost and stock valuation. Store Accounts Department: - Monitored all inventory transaction types. - Checked estimated landed cost to generate purchase orders rates. - Followed up closing POs receipts against Letters of credit and collections. - Led the annual physical inventory counts and valuation. - Controlled nonmoving items. - Performed month end Close and matched Oracle Inventory Module with GL Module. Fixed Assets Department: - Monitored fixed assets transaction types. - Analyzed capex for the business and ensure that capex stayed within budgeted targets. - Was responsible for monthly running depreciation and gain & loss programs for closing the periods. - Was responsible of matching Oracle Fixed Assets Module with GL Module. Budgetary Control: - Was working closely with department heads to allocate operational budgets, and established a cost baseline for measuring and assessing the cost variances.