Please turn on your javascript Mohamed Mustafa - Senior Cost Accountant - BITUMAT COMPANY LIMITED - Dammam, Saudi Arabia

Summary

I'm Senior Cost Accountant and working as Accounting Assistant Manager at BITUMAT LIMITED CO. I have a high diploma in Cost accounting from Ain Shams University in 2011, after B. Sc. of Commerce in Accounting Section from Ain Shams University in 2006, and I've membership in an Institute Management Accounting and succeeded in part2 CMA (Certified Management Accountant) Exam. And I'm preparing for part one.
I have eleven years experiences in Costing and financial Accounting in manufacturing companies, And also, I have awareness and experience in SAP ERP system FICO module, I'm seeking of new opportunity in the field of costing, financial and managerial accounting that is consistent with my experiences and qualifications.

Experience

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Senior Cost Accountant
BITUMAT COMPANY LIMITED
Dec 2016 - Present | Dammam, Saudi Arabia

-Interacting with Production and Quality Control to ensure Bills of Materials (BOM) are accurate and up to date.
-Coordinating product cost process including calculating, reviewing and analyzing machine and labor hours, overhead costs and allocation, production activity rates, raw material costs, and manufacturing process change.
-Updating standard cost of finished products monthly and reflect gain or loss in the P/L.
-Analyze actual manufacturing expenses and prepare periodic reports comparing standard costs to actual production costs, analyzing changes in product design, raw materials, manufacturing methods or services provided to determine effects on the cost.
-Processing the GL entries regarding all cost and production transactions including raw materials, bill of materials, variances between standard and actual costs according to SAP ERP system procedures so that all transactions are recorded in a timely and accurate manner.
-Assess all incoming products, resources, and services to ensure the best price.
-Work in conjunction with all departments to ensure minimum cost and maximum profitability
-Designing and understanding cost flow to determine proper product costing.
-Reconciliation Data CO & FI in SAP ERP system, settlement of the production orders, calculating WIP, analyzing and solving the system errors.
-Providing analysis and technical support for pricing initiatives that include the setting of list prices, discount practices, support new product introduction.
-Reviewing and analyzing the sales performance by item and category, and customer responses to pricing strategies to identify possible issues, improvements and provide management with recommendations and solutions.

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Senior Cost Accountant
Al-Wasail Industrial Co.
Jun 2013 - Dec 2016 | Buraydah, Saudi Arabia

- Establish cost flows, structure, collection procedures and business rules to ensure consistent accounting records
- Responsible for maintaining all costing activities in the organization, manage cost centers maintenance, produce all required costing reports to the management.
- Ensure update price of raw material and packing material and kit parts and affect that on cost products.
- Monitor performance against budgets and ensure that budgetary controls are in line with business objectives and company commitments.
- Establish sales price list for all products with taking into account market price.
- Follow update BOM on AX system and related it with products.
- Provide Suggest ways of reducing costs, conduct research and perform analytical studies with regards to costs and profitability, and use analytical skills to improve cost accounting systems.
- Improve the productivity and the production costs using the detailed analysis costing reports.
- Establish new performance reports and Develop procedures for implementation taking into account work environment
- Provide timely and accurate financial reports to management
- Examined changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Evaluated actual manufacturing costs and prepared periodic reports comparing standard costs to actual production costs and analysis variances and corrective actions
- Provided management with reports comparing factors affecting prices and profitability of products explaining.

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Senior Cost Accounting analyst
Asfour Crystal International
Jan 2009 - Jun 2013 | Cairo, Egypt

- -Conducting studies and research work on the production lines in factories for optimal economic operation of these lines, with clarifying possible alternatives to replacement products between different lines to reduce cost and achieve optimum utilization of time and energy machinery available.
- Follow-up to production management in the production of new products, as well as follow-up tests and continuous modernization and development in the machinery and production lines and to clarify the impact on the cost by doing the necessary studies before and after the amendment.
- Top level analysis of plans, peer group analysis, efficiency analysis and track against business plan.
- Implement and suggest ways of reducing costs, conduct research and perform analytical studies with regards to costs and profitability, and use analytical skills to improve cost accounting systems.
- Prepare reports for capital budget for future investment, and account cash inflows and cash outflows using the time value of money (P.V), and that in relation to investment decisions.
- Preparation of reports relating to decision-making (make or buy-drop investment- special order) to assist management in making the right decision.
- Examine changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Preparation reports comparing factors affecting prices and profitability of products explaining.

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Senior cost accountant
Asfour Crystal International
Oct 2007 - Jan 2010 , Egypt

- Prepare and analyze periodical reports / and analysis for Corporate and Manufacturing functions.-- Ensure the accuracy and timeliness of cost controls and keep track of cost analysis.-- Establish basis of cost allocation across plants/ subsidiaries and different products.-- Ensure accurate recording of expenses by analyzing spending to identify trends and ensuring management understand and take proper actions to have spending under control-- Examine changes in product design/ raw materials/ and manufacturing methods to determine effects on costs.-- Evaluate actual manufacturing costs and prepared periodic reports comparing standard costs to actual production costs.-- Provide management with reports comparing factors affecting prices and profitability of products explaining..-- Prepare items income statements.-- Comparing between the standard and actual costs and preparing the variances reports.-- Comparing between the actual cost and historical cost and explains the cause of variances.-- Sharing to prepare cost centers manual in new Branch.-- Review and validate inventory valuation.

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Cost Accountant
Asfour Crystal International
Nov 2007 - Jan 2010 | Cairo, Egypt

- Prepare and analyze periodical reports, and analysis for Corporate and Manufacturing functions.
- Ensure the accuracy and timeliness of cost controls and keep track of cost analysis.
- Establish basis of cost allocation across plants, subsidiaries and different products.
- Ensure accurate recording of expenses by analyzing spending to identify trends and ensuring management understand and take proper actions to have spending under control
- Examine changes in product design, raw materials, and manufacturing methods to determine effects on costs.
- Evaluate actual manufacturing costs and prepared periodic reports comparing standard costs to actual production costs.
- Provide management with reports comparing factors affecting prices and profitability of products explaining..
- Prepare items income statements.
- Comparing between the standard and actual costs and preparing the variances reports.
- Comparing between the actual cost and historical cost and explains the cause of variances.
- Sharing to prepare cost centers manual in new Branch.
- Review and validate inventory valuation.

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Financial Auditor
Hossam Chartered Accountants and Tax Consultants
Jun 2006 - Oct 2007 | Giza, Egypt

- Auditing financial statements for clients according to Egyptian accounting standards.
- Participation in the preparation of financial statements reports (trial balance-balance sheets and income statement) for some clients, with commitment of Egyptian's laws and regulation.
- Inspect clients' accounting records and express an opinion as to whether financial statements are presented fairly.
- transferred the accounts from manual system to computerize system. At all this period.
- ensure that companies apply financial and accounting procedures and policies properly.

Education

Ain Shams University
Diploma, Faculty of Commerce‎
Cost Accounting
Completed
2011
Ain Shams University
Bachelor, Bachelors, Bachelors in Commerce, Faculty of Commerce‎
Accounting
Percentage 66%
2006

Skills

Expert Work well under pressure
Expert Benefit Cost Analysis
Beginner Competitive Cost Analysis
Beginner COSO
Expert Cost Accounting Standards
Expert Cost Allocation
Expert Cost Basis Reporting
Expert Cost Control
Intermediate Financial Statement Analysis+
Beginner Korean Teaching
Intermediate Planning and Budgeting
Expert Washroom Maintanance

Languages

Intermediate English
Expert Arabic

Companies Followed