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Cost Controller

Location:
Qibla, Kuwait City, Kuwait
Salary:
1000 KD
Posted:
September 28, 2019

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Resume:

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Ahmed Saeed Mahmoud

SUMMARY:

Total 7 Years’ experience as Cost Controller.

Responsibilities on Cost Control

Planning, developing, controlling, and forecasting the project’s budget.

Estimating cost using accounting models to help determine the price of production, the price to consumers and how much money the company can expect to make on any given product or service.

Minimize the deviation from the budget and ensure that the project is completed within the approved budget.

Assists management with building an annual operating budget for the company.

In charge of managing purchasing and labor practices in order to keep costs within budget while maintaining the company's production schedule.

Providing profit estimate reports on a regular basis.

Building reports detailing raw material and labor costs to management along with a comparison of actual versus projected production costs.

Create and review the controls needed for data accumulation and reporting systems.

Investigate cycle counting variances and resolve issues.

Update standard costs in the bill of materials.

Review standard and actual costs for inaccuracies.

Accumulate and apply overhead costs as required by generally accepted accounting principles.

Report on breakeven points by products, work centers, and factories.

Report on margins by product and division.

Report on periodic variances and their causes, focusing in particular on spending variances.

Analyze capital budgeting requests.

Perform cost accumulation tasks as a member of the target costing group.

Coordinate with the clients for any clarification related to the projects.

Attend regular meetings with the client.

EDUCATION:

Bachelor of Commerce English section (Accounting and Finance Department) – Mansoura University, Egypt – May, 2011.

Principal subjects / occupational skills covered: Principle studies included Accounting, Economics, Finance, and Statistics. Secondary studies included Business Management, Principles of Taxation, Financial Management, Financial Accounting, Financial Reporting, Audit and Assurance. Period

Designation and Budget Employer’s Name

From To

Oct 2016 Till Date

Cost Controller –

(KD140,000,000.0 Million)

KOC / STFA-IMCO

Sep 2014 Oct 2016

Cost Controller –

(KD 5000,000.0 Million)

KOC / IMCO

May 2011 April 2013 Cost Accountant

Egyptian group for

accounting and auditing

99579688

adaguo@r.postjobfree.com

Page 2 of 4

CERTIFICATIONS:

Certificate in "The basics of capital market" from The Egyptian stock Exchange, Egypt.

Certificate of Course in CMA Course (Part-1).

Certificate of International Banking Specialist from World Trade Organization Institute.

Certificate of Completion In General Accounting (Manual - computerized).

Accredited Course in Team Building Skills from American University of Sciences.

Diploma in Neuro – Linguistic Programing (NLP) from Canadian Training Center of NLP.

Accredited Course in Leadership & Coaching Skills from American University of Sciences.

Professional Diploma in Human Resources from American University of Sciences. TRAININGSS:

Certificate of practical accounting Training from Delta Company for Fertilizers and Chemical Industry.

Certificate of Training in Financial Management from Project Air – Conditioning.

Certificate of Achievement in Leadership & HR & Team Building from Mansoura University. PROFESSIONAL EXPERIENCE:

IMCO Engineering and Construction Company Oct 2016 – Till Date Project - Small Boat Harbours

Contractor - STFA DENIZ INSAATI

Company - Kuwait Oil Company

Role - Cost Controller

Highlights:

Responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded

Verification of claims from suppliers/agencies/sub-contractors.

Scheduling and monitoring.

Coordinate and work with Project Engineering team for delays/deliveries & resolve discrepancies if any.

To ensure expenditures are kept within planned monthly budget and at any given point of time.

Extensive knowledge of accounting and financial reporting principles.

Knowledge and experience in SAP & EGFS.

Responsible for Cost Center and WBS stewardship, monitoring project budgets and all project related expenses.

Perform project costing related reporting to the team and management’s review on a monthly basis to ensure that expenditures are kept within the project budget.

Estimation of total forecasts, quantity/costs and expected outcome, trend analysis.

Cash flow management on assigned projects.

Allocating the budget and establish a Cost Baseline.

Checking / approving Purchase Order / subcontract agreement with Budget.

Mapping Cost codes with Budget.

Review all costs charged to Projects in SAP on daily basis and liaise with Project Manager to ensure costs have been correctly recorded and allocated. 99579688

adaguo@r.postjobfree.com

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IMCO Engineering and Construction Company Sep 2014 – Oct 2016 Project- Installation of Telemetry Systems for Monitoring and Control of Consumers Network System

Contractor- Daelim Industrial Co Ltd

Company- Kuwait Oil Company

Role- Cost Controller

Highlights:

Analyze cost budget data and submit regular cost budget variance reports and presentations.

Determine cost budgeting strategies and Key Performance Indicators relevant to the Cost Budgeting functions.

Prepare of monthly reports, monthly forecasts and annual budgets following close liaison with functional Managers.

Contribute to Group and external audit exercise in relation to business stream accounts.

Monitors the financial progress of a project, computes operating fixed and variable costs and compares such costs to budgets.

Comparing budget amounts to actual expenses to helps senior management adjust project costs while work is still in progress.

Reports periodic financial statements to a company's finance chief and ensures that accounting procedures and systems are adequate and functional.

Involved in annual budget process.

Egyptian group for accounting and auditing May 2011 – April 2013 Role- Cost Accountant

Highlights:

Prepare all financial statements' accounts according to Accounting Standards.

Handle all accounting material and Book keeping in the Accounting records according to the accounting assumption and Egyptian Accounting standards.

Prepare and calculate the sales tax and tax return.

Prepare trial balance and financial statements according to accounting standards.

Prepare all financial statement s' accounts by Excel.

Work with internal and external customers to evaluate information necessary to resolve reimbursement requests.

Reviews claims adjustments with dealer, examines parts claimed to be Defective and approves or disapproves of dealer's claim.

Responsible to coordinate the process of gathering, preparing and analyzing Data to prepare and present a correct invoice to the customer after completion of work package.

Monitoring, controlling, correcting and expediting the claims and invoice Adjustment process in accordance with established procedures and practices.

Handles claims and invoice adjustments from assigned customers to Completion within current established procedures and controls.

Responsible for guiding claimants through the claims process and liaising with Company representatives to ensure claims are fully and properly adjudicated.

Analyzes and recommends basis for final settlement of approved claims and Invoice adjustments.

Use of systems applications are necessary including the monitoring and Controlling of claims and invoice adjustments.

99579688

adaguo@r.postjobfree.com

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PERSONAL DETAILS:

Date of Birth 01 Nov 1990

Marital Status Single

Passport No. A09351965

Nationality Egyptian

Address Mahboulla - AL Ahmadi-Kuwait

E-mail adaguo@r.postjobfree.com



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