Management Accounts Payable

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Mohamed Fathi,CMA

Cost Controller at alfanar

***-*****@*******.***

Experience

Cost Controller at alfanar

July 2013 - Present (2 years 7 months)

Perform month-end closing for FI & CO. Monitor expenditures, analyze revenues and determine budget variances and report the same to management. Budget preparation and expense management activities. Find the proper base for distributing shared expenses and allocate them among the organization divisions. Prepare the predetermined rates for manufacturing activities to reach the most correct unit cost, machine rate preparation. Analyze factory utilization, manufacturing expenses recovery and actual manufacturing rates. Generate management accounting reports to facilitate decision making, and following the action plans among the decision taken. Maintain and support in solving SAP ERP problems in FICO & MM area. Product cost maintaining and updating monthly, and release new product cost, verifying bill of material

& Routing Allocate shared expenses between the profit centers, and also allocate other income. Checking cost reduction plans and their implementation through cooperation with concerned parties . Monitoring and reporting Manpower efficiency and hidden capacity to support in increasing the productivity or reduce the cost. Maintaining systematic production cycle (confirmation, consumption, scrap, etc…) Production variance analysis and reporting. Monitoring and reporting plant maintenance cost, and assuring that maintenance cost is assigned to the correct beneficiary cost center. Verifying all purchase orders, quotations, and contracts and assuring the implementation of the equation “best price with highest quality, fast work flow and best payment conditions”. Monitoring and reporting stock movement, stock levels, Non-moving materials, scrap reasons & percentage, highlighting financing cost for the non-delivered goods and investigating the reasons of the delivery failures. Leading physical inventories, investigate stock variances and justifications, and make the required adjustments.

Senior Accountant at SATECH trading CO.

August 2011 - July 2013 (2 years)

•Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information. •Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies. •Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries. •Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements. •Produces payroll by initiating computer processing; printing checks, verifying finished product. Completes external audit by analyzing and scheduling general ledger accounts; providing information for auditors. •Avoids legal challenges by complying with legal requirements. •Secures financial information by completing database backups.

•Protects organization's value by keeping information confidential. Page2

General Accountant at Alwarood hospital

March 2009 - August 2011 (2 years 6 months)

•Preparing monthly accounts payable reports with charts (Days of payable outstanding report, Accounts payable trend report, Top vendors report, Volume of purchase report and Advance payment reports.

•Preparing expenses report with chart (utilities, wages and other) •Analyzing the results of reports to clarify the variances. •Prepare Vertical and horizontal analysis. •Prepare top materials report and analyze the contribution of each. •Enhance the internal control and procedure for efficient and effective process.

•Oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions. •Other report’s requested by manager. Junior Accountant at Talaat Moustafa Group Holding February 2008 - February 2009 (1 year 1 month)

Preparing subcontractors Monthly statement. Monitoring actual projects cost and comparing with budget. preparing and reviewing petty cash expenses for projects Skills & Expertise

Variance Analysis

SAP

MS Excel Pivot Tables

Microsoft Excel

Financial Reporting

Financial Analysis

Budgeting

Budget Monitoring

Communication

Inventory Control

Cost Control

Asset Management

Education

Zagazig University

Bachelor’s Degree, Accounting and Finance, 2003 - 2007 Grade: Good

Certifications

CMA

IMA Institute of Management Accountants License 39076 February 2013 Organizations

IMA

February 2013 to Present

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Languages

English

Arabic

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Mohamed Fathi,CMA

Cost Controller at alfanar

***-*****@*******.***

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