Basic Info

Mohammed ,CMA,CertIFR

5 years

Giza, Egypt

Bachelor's Degree

Experienced

Work Experience

Senior Accountant at Nile Air

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

- Review managers’ budget proposals for completeness, accuracy, compliance and help department managers in formulating their budget submissions.
- Examine capital budget requests and issuing recommendations to the approval committee after preparing required analysis.
- Consolidate individual departmental budgets into operating and capital budget summaries and review the consolidated budget model for calculation errors.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Compare actual to budgeted results at the end of each reporting period and analysis the significant variances.
- Analyzing the operation process for cost reduction purposes, recommends, and develops processes to improve the operation efficiency and resource’s utilization to convert budget cost into target cost.
- Present a details cost reduction projects to achieve the target cost and target GP.
- Controlling target cost project and issuing periodic evaluation performance reports.
- Design and develop various costing models for management reporting and decisions.


Company Details

Nile Air (multinational)

Cairo, Egypt

501-1000 employees

Airlines/Aviation

WWW.nilenir.com

Dec 2014 to present (2 years 7 months)
Cost Controller at Middle East Caravan

Experience Details

Cost Controller

Accounting/Finance

Experienced (Non-Manager)

- Planning, studying, and collecting data to determine costs of business activity and set product standard cost.
- Manages the day to day transactions that include assurance of proper documentations flow and proper accounting treatments are in place.
- Setup and implement cost control procedures.
- Ensure costing system is accurate and updated and the necessary accruals have been prepared.
- Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs and the related corrective actions.
- Determine costs for new products, contract proposals and initiate, adjust forecast models, where necessary.
- Design and develop various costing models for management reporting and decisions.
- Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
- Analyzing the operation process efficiency, capacity management, and product design for cost reduction purposes and set Target Cost plan.
- Issuing applied target cost and actual cost saving report on monthly basis.
- Aid in prepare financial statement analysis.


Company Details

Middle East Caravan

six of october, Egypt

101-500 employees

Manufacturing

www.me-caravan.com

Nov 2011 to Dec 2014 (3 years 1 month)

Achievements


I have prepared and implemented three cost reduction projects in three separate operational stages after deep studying and analysis their detailed process.

1- The first project is designed and expected to save EGP 2,450,000 (40% cost reduction) by the end of three years by redesign the process flow to cut off the resources consumption.

2-The second will save USD 808,680 (60% cost reduction) by the end of three years by insourcing an essential service instead of outsourcing.

3- The third project will be save USD 1,060,000 ( 60% cost reduction) during three years this will be achieved by developing an equipment functionality and adapting the activity process instead of purchase and running other specialized equipment.


I become a CMA in the first two year from my working there, and this improves and develops my performance as cost and budget controller


Education

Bachelor In Commerce Studies in accounting section

Education Details

Bachelor In Commerce Studies

accounting section

Cairo University, Egypt

Not specified

N/A

N/A

Cairo University
2005 - 2009

Certifications

Certificate details

Certified Management Accountant

Oct 2013

N/A

N/A

40519

Institute of Management Accountant

License# 40519

Certificate details

ACCA, Certificate in International Financial Reporting

Oct 2016

72 out of 100

N/A

AD42191

Association of Chartered Certified Accountants

ID# AD42191

Training and Courses

Training/Course Details

CPA - Part Two

Jun 2014

IPA

Complete CPA Part 2 (Financial Accounting Reports) studying and exams preparation.

IFRS at IPA
Jul 2013

Training/Course Details

IFRS

Jul 2013

IPA

INTERNATIONAL FINANCIAL REPORTING STANDER

Training/Course Details

Training

Aug 2008

Faysal Bank

Summer training course at faysal bank credit department

Training/Course Details

Cost Accounting

Nov 2016

American Chamber

N/A

This profile is fresh!
Last update 8 days ago.

Jobseeker photo

Profile Skills and Keywords

ACCA, Certificate In International Financial ReportingAccountingAccounting SectionAdaptiveAirlinesAnalyticalArabicAviationBudget Analyst / ControllerCPA - Part TwoCertified Management AccountantCost AccountingCost Analyst/ ControllerCost ControllerCreativeEnglishFinanceFinancial AnalysisFlexibleIFRSInitiativeInsuranceManufacturingMicrosoft OfficeNile AirOraclePlannerReading At Financial & Costing ReferenceSenior AccountantSwimmingTraining

Self-assesed Skills

Languages

English

English

: Fluent

: Advanced

: Fluent

: Advanced

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Microsoft Office

Microsoft Office

: Advanced

: Extreme - I love it!

:

5-7 years

Oracle

Oracle

: Intermediate

: Extreme - I love it!

:

1-3 years

Fields of Expertise

Budget Analyst / Controller

Budget Analyst / Controller

: Expert

: Extreme - I love it!

:

3-5 years

Cost Analyst/ Controller

Cost Analyst/ Controller

: Expert

: Extreme - I love it!

:

3-5 years

Financial Analysis

Financial Analysis

: Advanced

: Extreme - I love it!

:

3-5 years

Key Skills

Analytical, Planner, Creative, Initiative, Flexible / Adaptive

Online Presence

www.linkedin.com/in/mohammed-abbas-cma-ifrs-12a8157a?trk=nav_responsive_tab_profile_pic

Like Mohammed`s profile? Share it!

Get Your own Wuzzuf Profile Now !

Employer? If you're representing an organization or an enterprise, Signup here for FREE to see Mohammed 's full profile and find more great talent and professionals to join your team.