Cost Analyst
Resume:
ABDUL MUHITH BOLAR
Contact: +974-********~ E- Mail: ***********@*****.***
MIDDLE MANAGEMENT PROFESSIONAL
Cost Control & Management ~ Project Management
A versatile cost control professional with abilities in strengthening companies to lead in highly competitive situations
PROFILE SNAPSHOT
A result-oriented professional offering 7 years of experience in managing all facets of cost accounting including budgeting, forecasting, financial analysis, variance reporting, cost control, product costing and so on for job order and process costs.
Proven track record of excellence in developing and executing the cost tracking methodology for budgeting, labour, material costs and overheads; skilled in performing detailed cost and gross margin analysis.
Conversant with ERP, JD Edwards, MS Office Suite, Word Processor, Financial Management, etc.
Demonstrated abilities in developing, implementing and leading numerous conversion projects which were successful in improving product costing, inventory analysis, overhead allocation, variance analysis and financial reporting.
Proficiency in preparing and reviewing monthly variances and cost center spending with all levels of unit staff to improve accuracy of standard costing; gained exposure in managing projects and achieving the profitability of the project assigned.
Efficient organizer, motivator, team player and a decisive leader with the ability to motivate teams to excel and win.
CORE COMPETENCIES
Cost Management & Control Budgeting/Allocation Contract Management/ Variance/Cost Analysis MIS/Reporting Cash-Flow Management
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ORGANISATIONAL EXPERIENCE
Cost Analyst at Al Wataniya Concrete Company W.L.L, Qatar
(Since Aug’16)
Key Result Areas:
Ensure that all costs are properly allocated to relevant Cost Centers.
Check and verify the General Purchase Orders.
Monitor cost centers actual cost, determine and analyze cost variance.
Prepare Monthly and Quarterly Cost Reports.
Maintain records of actual cost elements (materials, equipment, manpower etc.) to use in the Project Close-Out Report and to provide feedback to tendering department.
Develop cost trends and projections using the Budgeted Cost and Actual Cost for Work Scheduled, Budgeted Cost and Actual Cost for Work Performed and Cost Performance Index.
Participate in preparing budgets and current estimates.
Liaise with project different sections in cost allocation, accounting and control matters.
Perform any other related duties as assigned.
Highlights:
Coordinate with account department for account codes and cost center.
Design cost forms for monitoring.
Measuring Actual cost.
Assign actual cost on cost centers.
Comparing actual cost with target.
Monitoring Time Schedule.
Identify actual cost for actual executed items.
Identify planned cost for actual executed items.
Identify planned cost for planned items.
Identify Time schedule deviations.
Preparing Corrective actions report.
PREVIOUS EXPERIENCE
Saudi Binladin Group as Cost Controller-King Abdul-Aziz International Airport Project, Jeddah - Saudi Arabia (Feb’11 – July-16)
Highlights:
Processing the sub-contractors payment in line with contracts and work order.
Ensuring that all cost activities are prepared, reported and tracked accordingly.
Allocating budget for the contracts while processing the contracts as per the approved project budget.
Preparing cash flow forecast for the project, quarterly project progress report for the bank and additional requirements from the bank.
Collaborating with Engineers, Project Manager & Deputy Project Manager and ensuring that accurate and timely cost data are available for the preparation of cost reports.
Overseeing and ensuring the cost coding system are properly applied and information flow is correct and complete.
Prepare Monthly Cost Reports using JD Edward an Oracle based Accounting Software.
Coordinated with subcontractors regarding their status of payment & assist them in order to avoid future conflicts and delay of payments.
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Abdul Samad Financial Consultant as Assistant to Chartered Accountant, Mangalore-India
(May’09 – Jan’11)
Highlights:
Played a key role in preparation of trial balance, trading profit & loss a/c and balance sheet, periodical presentation of income & expenditure statement, physical verification of accounts and reconciling bank transactions.
Maintained monthly sales & purchase entry of clients like Medical Companies using Tally ERP 9.0
Carried out secretarial works like assisting in accounts, handling office petty cash and functioning as Assistant to Auditor.
PROJECT HANDLED
Title: A study on investor’s perception and expectation from Mutual Funds. Place: Mangalore.
Description: Studied investor’s awareness, satisfaction, perception and expectation from Mutual Funds.
Key Result Areas: Even though the mutual funds are good source of income, the people lack awareness increase the
awareness among the people especially the rural
people.
Title: Consumer Behaviour towards Hero Honda Vehicles. Organization: Tribhuvan Motors, Mangalore.
Description: Studied the consumer’s opinion on Hero Honda Vehicles regarding its features like appearance, price etc. Key Result Areas: Ensured that consumers are happy with price, mileage and technology of Hero Honda vehicles but have to drastically improve on the looks to satisfy the customer’s.
PERSONAL DETAILS
Date of Birth: 29th
September 1988
Nationality: Indian
Languages: English & Arabic (beginner)
Marital Status: Married
Passport No.: J3006984 / Valid Upto 10/2020
Visa Details: Residence Visa – Company Sponsorship Driving License: Qatar, Saudi Arabia & India
Present Address: Doha, Qatar
Permanent Address: Mangalore, India
*Pls. refer annexure for other details
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ANNEXURE
IT SKILLS
Diploma in E-Business from Manipal Institute of Computer Education, Mangalore-India (2011).
Conversant with MS Office (Word, Advanced Excel & PowerPoint), Tally, Peach- Tree, Dac-Easy & MS-Access.
ACADEMIC DETAILS
2017 MBA - Masters of Business Administration with specialization in Financial Management, Sikkim Manipal University of Distance Education-India. 2010 BBM - Bachelors of Business Management from Mangalore University-India. REFERENCE
Will be pleased to provide upon request.
Contact this candidate