Sabry Omar

Head of Costing & Budgeting Department

• Job Details:Prepared daily sales performance reports and conducted variance analysis to support agile decision-making and optimize operational efficiency. Conducted in-depth profitability analysis by product segment, leveraging insights to drive revenue growth and cost optimization strategies. Closed monthly financials with meticulous attention to job order details and variance reconciliation, ensuring compliance with financial standards and regulatory requirements. Led annual budgeting processes and monthly forecasting exercises, aligning financial projections with strategic objectives and market dynamics. Managed cross-functional teams including costing and finance, providing leadership in cost control initiatives and optimizing inventory management practices. Analyzed production costs comprehensively, including materials, labor, and overhead, to identify cost reduction opportunities and operational improvements. Identified and analyzed deviations between actual and standard costs, pinpointing inefficiencies and implementing corrective actions to enhance cost control. Established and maintained standard costs for materials, labor, and overhead, ensuring accuracy and relevance to manufacturing processes and market conditions. Applied CVP analysis to evaluate cost, volume, and profit relationships, determining breakeven points, assessing profitability, and guiding pricing strategies. Oversaw the enhancement and maintenance of costing systems, ensuring accurate cost allocation and adherence to accounting standards and company policies. Identified opportunities to streamline costing processes, improve data accuracy, and implement best practices to optimize operational efficiency and reduce costs. Maintained accurate inventory records, monitored stock movements, and recommended actions on obsolete or slow-moving inventory to optimize working capital. Analyzed and prepared cost-related financial reports, including monthly, quarterly, and annual cost reports. Contributed to budgeting, forecasting processes, and provided timely cost-related information to management. Maintained compliance with IFRS standards and internal controls. Supported audits by providing documentation and resolving audit-related issues. Worked closely with production, procurement, and finance teams to ensure effective cost allocation, control, and communication of cost-related.

Senior Cost Accountant

• Job Details:Conducted comprehensive cost analysis on production processes, identifying inefficiencies and implementing strategic cost-saving measures that achieved a 10% reduction in overall expenses without compromising product quality. Designed and executed cost control initiatives, ensuring alignment with organizational financial objectives and maintaining consistent profitability through meticulous expense management. Collaborated with cross-functional teams including production, procurement, and quality assurance to optimize resource allocation, streamline operations, and uphold high product quality standards. Generated detailed financial reports and cost forecasts, providing actionable insights and recommendations to senior management to support strategic planning and enhance cost-efficiency. Executed and managed financial transactions and records with high accuracy, improving financial integrity by 15% through meticulous processing of invoices, payments, and reconciliations. Prepared and analyzed comprehensive financial statements on a monthly, quarterly, and annual basis, delivering actionable insights to senior management for strategic planning and ensuring regulatory compliance. Developed and enforced robust internal control systems, effectively safeguarding company assets, mitigating financial risks, and maintaining strict adherence to corporate financial policies and procedures. Coordinated with external auditors and regulatory authorities, facilitating successful audits, and ensuring full compliance with both local and international financial reporting standards. Conducted detailed expense analysis to manage cost fluctuations and seasonal earnings variations, ensuring budget adherence and financial stability. Performed COGS breakdowns to optimize cost management strategies and enhance profitability. Valued inventory (FG&WIP) meticulously to uphold accurate financial reporting and compliance standards. Managed GL reconciliation with precision, overseeing warehouse operations for streamlined inventory control and cost efficiency. Developed standardized costing systems and control reports across multiple sectors including manufacturing of water tanks, manhole covers, and injection molding. Implemented costing systems using Microsoft Dynamics and ERP systems, overseeing activities such as standard cost development and margin analysis. Conducted breakeven analysis and monitored monthly breakeven points, informing pricing decisions and enhancing financial performance. Managed annual physical inventory and cycle count procedures, ensuring accurate financial reporting and timely budget preparations.

Senior Cost Accountant