Syed Arshad Ali
Assistant Manager Costing at The IBL Group- Claim this Profile
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Bio
Experience
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The IBL Group
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Pakistan
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Investment Management
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1 - 100 Employee
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Assistant Manager Costing
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Jun 2019 - Present
• Preparation of standard product costing sheet. • Preparation of consignment wise Import costing. • Preparation of detail factory overhead working. • Department/Location wise overhead working with allocation. • Preparation of corporate wise standard costing sheet standard & actual Basis. • Suggesting design team for cost reduction with quality maintained. • Working of BOM implementation on system. • Preparation of WIP, RM & finished Goods Valuation. • Batch wise Material Issuance tracking & matching it with standard material required. • Batch wise cost calculation and matching it with actual Cost incurred. • Three way matching of budgeted overhead V/s overhead to produce v/s Actual overhead. • Review of average cost appearing in SAP V/s actual of product. • Coordinating with I.T Team for smooth integration process SAP with candela & resolving error at the time of interrupt process. • Supervise to all inventory location for control inventory & resolving daily issues. Show less
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Artistic Milliners
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Pakistan
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Textile Manufacturing
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700 & Above Employee
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Senior Executive of Cost Controller & Management Accounts & Report Analysis
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Apr 2014 - May 2019
Worked As a Senior Executive of Cost Controller & Report Analysis in Finance Department (Costing & Budgeting). During this Responsibility making Dash Board Report of cost reducing factor analysis, and decision making report and achieve target production .Target working Analysis of cost and budgeted,Targeted production and cost Comparison with month and production and making Projection,Financial statement and also work feasibility Report,Break Even Analysis. Costing & Budgeting Job Description:-• Preparation of Projected Reports of Production, Payroll, Cost Per Pc & Profit & Loss Statement.• Preparation of Daily Costing Dashboard Report (Projected per Pc Cost, Payroll, Overtime, Garment Efficiency (SAM & SMV Calculation) and Strength & Production).• Preparation of Job Order Costing.• Preparation of Inventory & WIP Valuation.• Assist in Preparation of Financial Planning. (Sales Forecasting, Production Target, Direct Labor & FOH).• Variance Analysis Report (Budget vs. Actual).• Budgeting for Cashier Expense & General Items.Financial & Reporting Job Description:-• Preparation of Monthly Profit & Loss Statement with Analysis.• Break even Analysis.• Inventory Turnover Ratio.• Assist in Preparation Of Balance Sheet on Semi and Annual Basis.• Audit of Inventory, WIP and monitoring of its Movement.• Analysis & Comparison Reports Regarding Cost, Payroll Strength, Production and FOH.• Preparation of Sales & Air Freight Report.• Miscellaneous work assigns time to time as and when Management required. Show less
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Account Executive
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Sep 2013 - Mar 2014
My responsibilities included:• Assist in implementation of ERP Oracle Financial Module.• Check, Finalize & Analysis Trail Balance P & L and Balance Sheet Codes in Monthly Basis.• Monthly Audit to salary (Like Contractor Wages and Company Employees).• To prepare and process payment of Outside Processing, Local & Import Supplier through LC.• Coordination to M.I.S Team for improving reports and sub ledger form (Data base).• Aging Analysis of Payable Suppliers.• Aging Analysis of Inventory.• Checking of Consumption Report• Sales Tax Reconciliation.• Preparation of Payable Voucher and Bank Payment.• Make Purchase Report With Categories of General & Raw Material Stores. Show less
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Yunus Textile Mills Limited
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Pakistan
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Textile Manufacturing
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700 & Above Employee
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Accounts Officer
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Aug 2009 - Sep 2013
My job responsibilities include: • Stitching Operation Management System. (SOMS). • Stitching Procurement Store System.(SPSS). • Closed All Accounts Stitching Segment Related to Fabric in Monthly Basis. • Supervised to all Stitching Units Operators & Coordinator. • Pay Roll. • Petty Cash. • Outside Stitching System. • Made & Check All Accessories Payment Advice. • Trail Balance. (Trade Payable). • Daily Stock Report of All Stitching Unit. My job responsibilities include: • Stitching Operation Management System. (SOMS). • Stitching Procurement Store System.(SPSS). • Closed All Accounts Stitching Segment Related to Fabric in Monthly Basis. • Supervised to all Stitching Units Operators & Coordinator. • Pay Roll. • Petty Cash. • Outside Stitching System. • Made & Check All Accessories Payment Advice. • Trail Balance. (Trade Payable). • Daily Stock Report of All Stitching Unit.
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Account Assistant
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Dec 2008 - Jun 2009
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Education
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Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan)
On Going, Cost & Management Accounts -
Karachi University
Bachelor's degree, Accounts & Finance -
Premier college
intermediate certificate, Accounting