Financial Planning Management Accounting

Joseph M. Botros

CMA,CertIFR

Financial Planning & Budgeting

Cost Accountant / Controller and analytical

Irvine, CA 92614

Mobile: 714-***-****

E-mail: **************@*****.***

Objective

Seeking a career in an establishment with a professional prospect in which I can fully demonstrate and enrich my skills, abilities, and the experience background that I gained through numerous exposures to versatile areas in business enterprises.

Providing direction and guidance to team members and providing specialized advice related to all management accounting (cost, budget, and studies) tasks, which include cost planning and analysis to ensure its efficiency and effectiveness, recommending controls, finding solutions, and improving cost efficiency.

Work Experience

Chief Specialist – Cost and Budgeting Accounting

Road & Transport Authority (RTA) – Government of Dubai Feb 2014 till Feb 2025

Financial Planning and designing financial policies and procedures related to costing.

Provide best practices in cost management and streamline the costing practices across the organization.

Reconcile cost of sales and inventory accounts

Assist in month-end closing, prepare journal entries as necessary, analyze inventory valuation and prepare inventory roll forward.

Reclass costs to correct accounts as required.

Analyze production variances and propose adjustments as needed.

Report on cost metrics including product line margins and variances, labor costs and efficiencies.

Review and analyze inventory and margin reports, conduct research and perform analytical studies regarding cost analyses and profitability.

Analyze cost accounting data and assist with cycle count / annual physical inventory.

Perform the annual standard cost roll including material, labor, and overhead rate calculations.

Perform and analyze all cost accounting activities including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysis.

Apply principles of cost accounting to conduct studies, which provide detailed cost information not supplied by general accounting systems.

Provide reporting and analysis for all activities including forecasting, budgeting, absorption, and operations planning.

Providing feedback for the development of the annual budget and monthly forecasting as per prior year cost calculation and current breakeven plan.

Plan, study and variances and evaluate data to determine cost of business activities and provide suggestions for improving performance & efficiency.

Evaluate revenue generating suggestions and prepare financial studies to evaluate their feasibility.

Analyze changes in services provided to determine effects on costs.

Analyze actual costs and prepare a periodic report comparing standard costs to actual costs.

Prepare reports for management specifying and comparing factors affecting prices and profitability of services.

Provide guidance and mentorship to team members and conduct workshops whenever necessary.

Responsible for timely and accurate development, processing and reporting of internal costing data in accordance with company policies and procedures.

In charge of general costing functions, assisting with the preparation of monthly financial and standard costs.

Assist in providing the cost details to support the financial studies.

Develop and maintain cost recovery ratio and working cost models to address issues and analyze and present results to management on a routine basis.

Identify all cost elements and allocate to related cost or profit centers.

Conduct benchmarking, best practice and methods of costing and do the required comparison to measure services pricing.

Come up with strategic initiatives to improve efficiency of services / entities.

Consolidate and analyze financial data across entities to provide a holistic view of business performance.

Prepare and present reports to senior management, highlighting key financial metrics and trends in Dashboards and PowerPoint format.

Ensure all reporting aligns with internal policies and external regulatory requirements.

Ad-hoc Analysis and Special Projects

Provide support for ad-hoc financial analysis, business case development, and strategic initiatives as required by senior management.

Assist with other high-impact financial projects.

Process Improvement

Identify opportunities to streamline and enhance Financial Planning processes, including budgeting, forecasting, and financial reporting.

Recommend best practices and automation tools to improve the efficiency, accuracy, and timeliness of financial analyses and reports.

Ensure all journal entries are prepared and accurately input.

Maintain journal entry files and log sheets.

Reconcile assigned general ledger accounts.

Assist with Accounts Payable and Accounts Receivable when needed.

Sr. Financial Analyst

NBB Group (Abu Dhabi – UAE) APRIL 2009 till Feb 2014

NBB Group sectors:

-Services: Manufacturing / Facility Management / Catering Services.

Financial Planning & Analysis

Support the development and execution of the annual budget, quarterly forecasts, monthly re-forecast, and long-term financial plans.

Collaborate with various departments to gather input, align assumptions, and prepare detailed financial projections.

Develop and maintain complex financial models to support scenario analysis, sensitivity analysis, and decision-making.

Conduct in-depth variance analysis by comparing actual financial performance to budget and forecast, providing actionable insights and recommendations to senior management.

Support the preparation of financial presentations for leadership, highlighting key performance indicators (KPIs), risks, and opportunities.

Oversee accuracy of monthly sales and financial reports and provide resulting commentaries and executive summary to management regarding variances.

Partner with operational teams to identify cost-saving opportunities and enhance financial performance across the organization.

Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.

Evaluate and compare the relative quality of various securities in each industry.

Budget preparation, follow-up and expenditure variance analysis.

Analyze cost accounting data and assist with cycle count/physical inventories.

Assist in preparing an annual & long-term financial plan and budget.

Group Cost Controller.

Arrangements and recommend action plan for savings and efficiency, Co-ordinate with all user departments, cost controls and finances to ensure efficient turnaround for Purchase requests and ensure high level of ethical conduct by the staff within the procurement team.

Financial analysis of data reported in the various financial systems.

Reviews and processes routine accounting data for revenue and expenditures

Analyze control techniques in product costing.

Coordinate availability of relevant cost information from various maintenance sections and management.

Plans study and collect data to determine costs of business activity such as raw material purchases, inventory, and labor.

Analyzes data obtained and records results

Analyzes changes in product design, raw materials, and manufacturing.

Methods or services provided, to determine effects on costs.

Analyzes actual manufacturing costs and prepares periodic report comparing standard costs to actual production costs.

Records cost information for use in controlling expenditures

Analyzes audits of costs and prepares reports.

Compiles cost information to be used in operating budget preparation.

Compiles cost information to be used in operating budget preparation.

Makes estimates of new and proposed products or service costs.

Recommends cost efficiencies in new product layouts

Provides management with reports specifying and comparing factors

Affecting prices and profitability of products or services.

Develops and installs a cost accounting system.

Appraises and evaluates real property or equipment for sale, acquisition, or tax purposes

Analysis shows how to distribute salaries and industrial expenses by operating hours.

Reviews purchasing, travel, and personnel transactions for mathematical accuracy, coding and distribution of account numbers, and adherence to policy; may also originate or prepare these documents

Analysis of all industrial & Marketing and general expenses.

Following up the slow-moving items in stock and preparing quarterly reports of the items require management actions.

Inventory reporting:

Preparing the income statement.

Preparing cost statement

Monitoring and controlling inventory.

Review Stock Material Consumption, Direct Material and Low Value Material purchase, and prepare trends and analysis for abnormality control purposes.

Controlling cash payments.

Monthly analysis of the cost center spends vs. plan and reporting of this to management.

Preparing Balance sheet and Profit & loss statement.

Auditing and controlling all accounts.

Compile performance reports of Operating, Extra Ordinary, Major Maintenance and Capital Budgets for effective management control.

Monitoring accounts receivables and payables.

General ledger accounts and makes its monthly reports.

Controlling cash payments.

Prepare feasibility report for the existing / new ventures.

Business plan.

Member in purchasing committee Duties (Initially): -

• Monitor and approve the evaluation and selection of the suppliers.

• Develop national or multi-regional agreements / contracts for goods and/or

services.

• Identify and implement (where appropriate), coordination of agreements for the

benefit of the business.

• Identify and encourage regional and inter-regional contracting opportunities.

• Develop appropriate procedures and reporting mechanisms to ensure proper

recognition of the value of agreements.

• Evaluate results of current agreements (quantitative & qualitative).

Supervisor Cost Account

MIS Metal Industries FZCO (Jebel Ali FZ - Dubai – U. A. E.) Feb2007 till April 2009

Budget preparation, follow-up and expenditure variance analysis.

Preparing Balance sheet and Profit & loss statement.

Auditing and controlling all accounts.

Monitoring accounts receivables and payables.

General ledger accounts and makes its monthly reports.

Controlling cash payments.

Controlling and monitoring all expenses.

Controlling and following all accounting transactions.

Preparing the income statement.

Monitoring and controlling inventory.

Preparation of the annual budget for cost centers (profit and loss).

Expenses Analysis.

Preparing reconciles month end inventory quantities.

Fixed Assets Management.

Income/Expense statement.

Monthly analysis of the cost center spends vs. plan and reporting of this to management.

Monitoring and reporting of areas including inventory cycle counting, inventory processes, cost of goods accounts, purchase price variance, logged invoices, cost centre and capital spend, balance sheet reconciliations, expenses and other associated reports.

Section Head Account

Manufacturing Commercial Vehicles (General agent for Daimler-Chrysler AG.) March 2006 to Jan 2007

Receiving and revising payment vouchers within cash / cheeks.

Preparing private transportation Dept. monthly revenue after being checked with customer dept.

Issuing customer’s invoices and entering it to SAP.

Monitoring and following up customer’s accountants.

Preparing monthly journal vouchers of rents (Leasing) and insurance.

Preparing journal vouchers related to vendors.

Checking jobs orders (amount of laps / customers / Number of trips) of each contract.

Issuing and stating driver’s incentives by the end of the month based on number of laps done.

Generate revenues and expenses monthly reports to compare between months.

Preparing the income statement.

Responsible for working on a feasibility study for a major new project within the business.

Preparation of the annual budget for the cost center (Profit and loss).

Cost Accountant

Manufacturing Commercial Vehicles (General agent for Daimler-Chrysler AG.) Oct. 1998 till March 2006

Qualified in making all kinds of cost accounting transactions.

Making the production equation.

Estimating the cost of the product.

Deviation analysis for product cost.

Preparing cost statement.

Analysis shows how to distribute salaries and industrial expenses by operating hours.

Analysis of all industrial & Marketing and general expenses.

Following up the slow-moving items in stock and preparing a quarter report of the items requires management actions.

Inventory reporting:

* MCV Group Companies Total Inventory during the month

* MCV Group Companies Total Inventory at current year Compare with the

Pervious year.

* MCV Group Companies Total Inventory during the current year.

* Auditing the actual inventory compared with the stock balances.

Comparing the actual purchased items throughout the year with the annual testimonial budget.

Preparation of the annual budget for the company.

Cost Analysis by product / profit center.

Training Experience

Cost Analysis course in (IMC) center.

Accounting System Designing in (MIG) center.

Leadership training for Managers Program.

How to Coach Employees to Peak Performance.

Financial Analysis.

Leasing.

Education

B. commerce, Faculty of Commerce

(Accounting department) 1998

Menofia University G.P.A.: Pass

Diploma in cost accounting

Ain Shames University G.P.A.: Pass

ACCA IFRS Certificate 2016

CMA Certificate – Part 1

Skills

Computer Skills

Excellent knowledge of operating systems: - Windows 9.x, Windows 2000 pro.

Office 2000 (Word – Excel – Power Point).

Excellent knowledge of Internet use.

Excellent Experience about (SAP) and ERP/GRP systems.

Contact this candidate