Senior Cost Controller
ArcelorMittal
Total years of experience :19 years, 10 Months
• Preparing required reports related to Business Unite & reporting to upper management on time.
• Preparation and reviewing the various components of Product costing sheet.
• Prepares budgets by establishing schedules, collecting, analyzing, and consolidating financial data.
• Prepare the inventory reports and analyses, variation and NRV.
• Controlling all kinds of periodical expenses.
• Prepare monthly forecasting and yearly budget.
• Analyze actual labor, material and overhead cost against Forecasting, Budget.
• Research and explain variances, Report this information monthly or as needed.
• Prepare sales order profitability.
• Guide other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
• Controls and reporting systems (SAP ERP).
• Discuss with the ERP consultants and providing data for implementation of effective ERP system, which will enhance the future system of the Company and standardizing the operating procedures.
• Work with the finance department to implement and apply cost accounting policies and procedures as they are derived.
• Standardizing of reports generated by the Production division.
• Prepare monthly management reports, quarterly Cost Behavior.
• Cost controller for many factories standard product and Non standers and calculate the cost for the products.
• Prepares special reports by collecting, analyzing, and summarizing information and trends.
• Liaise with the Production, Planning and Inspection team for data and discuss the BOM for confirming the specifications.
• Identify and analyzing production, purchasing variances.
• Managing Materials inventory, checking & analyzing Materials variances.
• Checks, release & updating standard costs for all Items.
• Maintain & Updating activities rate for production work centers.
• Calculate Work in process value for all incomplete orders monthly.
• Settle WIP & variances value to finance. Run distribution costs cycle monthly.
• Make all activities for period end closing.
• Drive business growth through perform Profitability analysis (product, customer, ).
• Interact with production control to ensure Bills of Materials (BOM) are accurate and up to date. Review and audit BOM’s to ensure they reflect the latest manufacturing practices.
• Check machine rate and compared it between actual posting and planning one and compared actual expenses posted monthly and recovery form confirm on production orders.
• Cooperation with planning, production, store departments and solve all problem faces them.
• Work with our team to finalize yearly balance sheet, and semi balance sheet, by preparing many reports for it.
• Worked in the field of payments and make reconciliation with suppliers (internal and external).
• Banking, reconciliation and documentary credits.
• Dealing with investments abroad (companies in Dubai, China and India), and follow up its work from KSA and prepare annual balance sheet as its institution.
• Follow-up several loans with the Saudi Industrial Development Fund (SIDF) by prepare the claim and deal with creditor.
• Prepare yearly budgets for many factories for many years.
• Achieves budget objectives by scheduling expenditures, analyzing variances, initiating corrective actions.
• Audit the accounts of companies and preparation of financial statements for tax purpose.
• Prepare books for submission to the Directorate of Finance.
• Office is also providing financial consultancy, preparation of budgets and evaluation company work.
• Provide training to accountants.
• The company was trading company consisting of large warehouses, manufacturing (binding of books), branches and delegates.
• Worked on daily bills and reconciliation with customer.
• Control inventory stock.
• Daily reconciliation with delegates and checking payment.
• Preparation of monthly profit and loss and the annual financial statements.
• Prepare all kind of reports required from management related to reconciliation, inventory and cash.
Graduated from the Faculty of Commerce After I finished the first degree and License Diploma in Accounting