Samer El Kholy
Costing Section Head ( CMA in Progress ) at Agthia Group Egypt LLC- Claim this Profile
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English Professional working proficiency
Topline Score
Bio
Credentials
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Learning Data Analytics Part 2: Extending and Applying Core Knowledge
LinkedInOct, 2021- Nov, 2024 -
Learning Data Analytics: 1 Foundations
LinkedInOct, 2021- Nov, 2024 -
IMA Data Analytics & Visualization Fundamentals Certificate
IMA | Institute of Management AccountantsMay, 2020- Nov, 2024 -
Accounting Fundamentals Certificates
Corporate Finance Institute® (CFI)Apr, 2020- Nov, 2024 -
Reading Financial Statements Certificates
Corporate Finance Institute® (CFI)Apr, 2020- Nov, 2024 -
Statement of Cash Flow Certificates
IMA | Institute of Management AccountantsApr, 2020- Nov, 2024 -
ICDL
International Computer Driving LicenseApr, 2008- Nov, 2024 -
TOEFEL
American UniversityMar, 2008- Nov, 2024 -
(MOS) 2003
MicrosoftMay, 2003- Nov, 2024
Experience
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Agthia Group Egypt LLC
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Egypt
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Food and Beverage Services
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1 - 100 Employee
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Costing Section Head ( CMA in Progress )
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Apr 2018 - Present
•Maintain accurate costing methodology in the ERP system•Development of the costing methodology and KPI reporting for inventory & management cost reporting (P&L)•Maintain standard cost system to ensure accuracy of inventory valuation and lead annual manufacturing cost standard updates and analyzes variances to standards •Monitor inventory transactions and processes including scrap, inventory, and COGS to ensure accuracy and compliance with corporate policies•Monthly manufacturing and overhead variance research, analysis and reporting, including labor/overhead absorption by product lines and•Prepare and analyze department expense variances (actual to budgets/forecasts), monthly revenues & associated gross margin analysis•Assists senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports•Responsible for providing and verifying product costs in support of all cost-based pricing contracts, intercompany transfer pricing•General ledger reconciliation responsibility all inventory and cost of goods sold accounts•Coordinates with Materials Management on required inventory reserves and ensure compliance with periodic cycle counts and physical inventory and reconcile results•Provide support to FP&A team by forecasting/modeling quarterly absorptions based on production plan as well as purchase price variances, scrap rates, material variances, etc.•Participates in the annual budgeting process, including preparation of standard costs•Drive the development of procedures and controls that ensure meaningful and reliable product costs and accurate inventories•Assist with the documentation and compliance with Section 404 of the Sarbanes-Oxley•Prepare for and participate in internal and external reviews and audits•Involved, as time permits, in FP&A and general ledger support as well as special projects•Such other duties as assigned from time-to-time. Show less
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Supervisior Cost Accountant
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Apr 2016 - Apr 2018
•Set up new raw material, packaging, WIP, and FG items; create and maintain production•BOMs; maintain periodic cost rolls/updates•Analyzes changes in product design, raw materials, manufacturing methods, or services•Analyzes actual manufacturing expenses and prepares periodic reports comparing standard costs to actual production costs.•Review, investigate, and correct errors and inconsistencies in financial entries.•Prepares estimates of new and proposed product or service costs.•Recommends cost efficiencies in new product layouts.•Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.•Develop and maintain standard costs of finished goods and production components in a worldwide ERP system.•Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.•Lead and manage the quarterly excess and obsolete inventory review process.•Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production and work order processing.•Assist in developing and documenting policies and procedures, including system requirements and internal controls .•Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc..•Provide financial support to other functional areas of the Company:Manufacturing - works with the plant manager and production staff to identify cost savings projects, analyzes and forecasts the impact on the cost structure if implemented, and assists in the development of the business case-cost-benefit analysis for capital investments .Inventory Control – investigates inventory adjustments resulting from periodic cycle counts and annual physical inventoryPurchasing - analyzes purchase price variances & monitors material price trends to support price negotiations with vendors•Perform month end close activities related to Cost Accounting. Show less
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Cost Accountant
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Jun 2015 - Apr 2016
Jop Objective:•To manage and coordinate the cost of the business unit for ensuring timely and effective execution of all costing related activities of the business unit in accordance with the group financial policies and procedures. Key Accountabilities:•Actively coordinate daily costing activities of business unit to ensure smooth execution of business and adherence to group financial policies and procedures .•Checking detail all accounting ledger entries related to costing function to ensure their timely booking and compliance with group financial policies and procedures and international financial reporting standards .•Ensuring timely update of standard costs of inventory related items and all direct cost elements .•Monitoring and coordinate physical inventory counts across all locations of the business unit .•Monitoring and coordinating inventory levels including utilisation of financing facilities to keep business running smoothly.•Reviewing in detail inventory related invoices and ensure their accurate and timely execution.•Providing accurate and timely cost workings for sku-wise profitability assessments and formulation changes to relevant functions .•Performing month-end closure of financial books of business unit in a smooth and timely manner and in accordance with group financial policies and procedures .•Checking in detail monthly inventory reconciliations to ensure their accuracy and compliance with group financial policies and procedures .•Preparing Direct Cost portions of the annual budget, QBR and MYF financial packs with all underlying workings and reconciliations .•Assisting Finance team in execution of all financial audits .•Providing necessary reports for variance analyses and cost/expense reconciliations related to costing functions during month-end/budget/MYF/QBR/etc. and as and when requested .•Preparing and submit reports/information requested by HO Finance/Reporting function/FD in accurate and timely manner . Show less
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Harvest Foods
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Food and Beverage Manufacturing
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1 - 100 Employee
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Cost Accountant
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May 2013 - Jun 2015
Costing: •Applies principles of cost accounting to conduct studies, which provide detailed cost information. •Plan studies, and collects data to define costs of business activity, like raw material purchases, labor, and overhead. •Analyzes data obtained, records, and results. •Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to define effects on costs. •Analyzes actual manufacturing costs prepares periodic report comparing standard costs to actual production costs. •Provide management with all kinds of reports that concern costs to support decision-making. Inventory Control: •Reviewing and following-up inventories’ activities to insure adherence to company’s rules. •Setting and controlling inventory levels. •Performing monthly inventory, defining, investigating, and reconciling deviations. •Prepare monthly analysis reports for inventories. Following-up Production Activity: •Reviewing production plans. •Define, and investigate batches’ variances. •Assessing production performance according to production plans and investigating deviations. Budgeting: •Applies principles of accounting to analyze past as well as present financial operations and estimates future revenues expenditures to prepare budget. •Analyzes records of present plus past operations, trends and costs, estimated as well as realized revenues, administrative commitments plus obligations incurred to project future revenues expenses. •Documents revenues & expenditures expected. •Maintains budgeting systems, which provide control of expenditures made to carry out activities, or to project activities. •Advises management on matters, like effective use of resources assumptions underlying budget. •Interprets budgets to management. •Participate in updating product formula, production routings, and production capacity. •Perform and insure proper period opening, and closing using Oracle Financials Show less
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Orascom Training & Technology
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Egypt
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Software Development
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1 - 100 Employee
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Senior Accountant
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Aug 2007 - Apr 2013
•Accounts receivable management (credit control, invoicing, collection & debtors reconciliations)•Accounts payable management (liability recognition, payment & vendor reconciliations)•Payroll management (payroll processing, payments, accruals & reconciliations)•Inventory control (purchasing, consumption & stock reconciliations)•Cash management including cash flow forecasts & bank reconciliations•Preparation of budgets and periodic forecasts•Generation of final financial statements (P&L, balance sheet & cash flow )•Arrange monthly , quarterly and yearly physical count for all inventory items•Handled cash transaction and maintaining cashbook.•Prepare Analyze & Report weekly, monthly, quarterly gross margin analysis by product for each Sales Order.•Compare actual costs to estimates & analyze variances.•Analyzes and monitors raw material inventory.•Participate in efforts to efficiently control the Company’s expenses. •Manage all fixed assets of the company. •Process all contracts including revenue recognition, billing, tracking for both fixed and time & materials contracts. •Provide Human Resources with payroll information including commissions ,travel expenses, oversee filing of payroll taxes & payroll liabilities. •Prepare and review budget, revenue, expense, invoices, & other accounting documents.•Assist in month-end close, such as accruing expenses, reconciling bank statements, confirming all monthly entries , making corrections to general ledger. •Ensure accurate and appropriate recording & analysis of revenues & expenses.•Ensure financial records are maintained in compliance with accepted policies & procedures. •Develop and maintain financial data bases & apps.( Oracle &EL Motammem SQL Server Application, Microsoft Dynamics GP &Al-Ameen Accounting System)•Provide financial analytics & response to internal inquiries and external audits.•Interact with internal & external auditors in completing audits.•Assisted in end of year closing duties. Show less
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Senior Administrator
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Jul 2005 - Aug 2007
•Responsible for Microsoft project & Edu Egypt project.•Selecting instructors who match the criteria.•Conducting orientation seminars of the project procedures for instructors.•Scheduling the training courses with the instructors and provide them with the material.•Follow up with the instructors and solve any problem that might appear.•Gathering the courses’ papers and prepare the files.•IMC account manager.•Ensures Annual Training Schedule is up-to-date and accurate•Inform the Branch Technical (mention any Special Setting), Cafeteria, and all other facility•Preparing all Course Document Such as Registration Forms. Evaluation and Attendance depending on the Vendor and its required form.•Preparing all necessary administrative support to the Training•Teachers and Vision team in terms of communication, accommodation.•Hall training in all respects.•Payroll daily attendance roll.•Trainees attendance, reports & evaluation•Responsible of making the Instructors (Full & Part time) monthly payroll.•Responsible of following up with clients and doing courses evaluation.•Responsible of solving the clients' complains and answer their inquiries.•Responsible of making the quality assurance serves with the customers through phone.•Contributing in making branches' inventory.•Complete awareness of the Industrial Training Center (ITC) policies and procedures. Show less
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High Professional Accountant
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Helioplis
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Accountant
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Feb 2005 - Jul 2005
•Maintaining basic accounts, book keeping •Reconciliation of Bank statements •Ledger entries, journal entries •Customer relations •Invoice entries and cross checking •Prepared and analyzed financial statements •Helped in preparing tax returns •Implemented new accounting procedures and processes •Being responsible for the procurement process •Handled cash transaction and maintaining cash book •Journalized & posted entries on PC •Prepared monthly reports of (Suppliers, Customers, Bank reconciliation) •Prepared Journal Voucher (Manual & Computerized). •Prepared American Journal (Manual & Computerized). •Prepared Ledger Accounting. •Analyzed of Customers & Suppliers & Expenses Accounting •Prepared Trial Balance. •Assisted in end of year closing duties Show less
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Allied Consultant Company
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Helioplis
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Accountant
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Jul 2002 - Sep 2004
•Handled cash transaction and maintaining cash book •Journalized & posted entries on PC •Prepared monthly reports of (Suppliers, Customers, Bank reconciliation) •Prepared Journal Voucher (Manual & Computerized). •Prepared American Journal (Manual & Computerized). •Prepared Ledger Accounting. •Analyzed of Customers & Suppliers & Expenses Accounting •Handled cash transaction and maintaining cash book •Journalized & posted entries on PC •Prepared monthly reports of (Suppliers, Customers, Bank reconciliation) •Prepared Journal Voucher (Manual & Computerized). •Prepared American Journal (Manual & Computerized). •Prepared Ledger Accounting. •Analyzed of Customers & Suppliers & Expenses Accounting
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Education
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1995 - 2000
Menofeia University Faculty of Commerce
Bachelor's Degree, Accountant -
1995 - 2000
Mounofeya University
B.SC. Faculty of Commerce, Accounting and Finance -
1982 - 2000
El-Makrezy Language School
70%, Secondary High School
Community
