Basic Info

Muhammad Abdelhafez

15 years

Cairo, Egypt

Master's Degree

Manager

Work Experience

Finance /Costing Manager at Arkan manufactring & Mining

Experience Details

Finance /Costing Manager

Accounting/Finance

Manager

• Maintain documented system of accounting policies and procedures;
• Manage and Maintain the chart of accounts;
(AP/AR/FA/GL/Budget/Banking- Cash/etc.)
• Prepare financial statements and reports;
• Sign checks;
• Sign ( POs /PRs/ SOs/Invoices/LCs/Price offers);
• Manage Payment Policy;
• Manage Collections policies;
• Manage Credit policies;
• Calculate Standard and actual costing;
• price for new products and Manage pricing and discount policies / (Assist in the determination of product pricing in relation to features offered and competitor pricing);
• forecast cash flow positions, related borrowing needs, and available funds for investment;
• Maintain banking relationship;
• Manage the preparation of the company budget; and
• Engage in ongoing cost reduction analyses in all areas.


Company Details

Arkan manufactring & Mining

Sharkia / Alasher men Ramadan, Egypt

501-1000 employees

Manufacturing

N/A

Apr 2015 to present (1 year 8 months)
Budget controler / Financial Analyst at Al – Othman Group is a multi Businesses Company (FMCG / Compounds / Hospitals / schools / contracting / others)

Experience Details

Budget controler / Financial Analyst

Accounting/Finance

Manager

1 - Cost Control
2 - Budget preparing and controlling
3- Financial analysis / Ratio Analysis

Prepare the annual budget of the company depending on the accrual basis of accounting and cost bases used
- Coordinate between departments with regard to the preparation and participation in the preparation of the annual budget
- Prepare Opex and Capex budget – (income statement /balance sheet /cash) budget
- Upload the full budget for the year on ERP system
- Prepare the monthly analytic report for Actual VS budget – reconciliations
Open and follow-up work orders
- Set-up and update material BOM of finished and semi finished products
- Allocate the costs of raw material and intermediate product to finished products
- Allocate and calculate the direct cost of raw material to finished and semi finished products
- Allocate and distribute the cost of direct expenses on cost centers to finished and semi finished products
- Allocate and distribute the cost of direct wages on the cost centers to finished and semi finished products
- Monthly / quarterly / half year and the fiscal year closing
- Calculate the COGM / COGS monthly Statements and evaluate the balance of inventory
- New products coding
- Create and monitor the standard rates for direct labor hours and operation hours of machinery on build plan
Analysis of financial performance indicator during the period and providing enough summarized and regularly information for the best indicators that reflect the strengths, and negative indicators that reflect the points that need to be developed in
Coverage area

* Horizontal and vertical analysis (monthly) / Actual VS Budget based on financial Statements (Cash flow / income statement / balance sheet)
* Predictor Accounting Ratios indicate the potential for growth or failure


Company Details

Al – Othman Group is a multi Businesses Company (FMCG / Compounds / Hospitals / schools / contracting / others)

ALKHOBAR, Saudi Arabia

N/A

Manufacturing, FMCG

N/A

Mar 2009 to Mar 2015 (6 years)
Costing & budget Section Head at Afri medical Joint-stock company a manufacturer of medical devices

Experience Details

Costing & budget Section Head

Accounting/Finance

Experienced (Non-Manager)

Budget / costing / Controling


Company Details

Afri medical Joint-stock company a manufacturer of medical devices

Cairo, Egypt

501-1000 employees

Manufacturing

N/A

May 2005 to Feb 2009 (3 years 9 months)

Achievements


Reorganizing the structure of Arkan
Resetting up the finance system
Improving the Business performance



1 – Preparing the budget of NADA within the first 3 months since I started working.
2 – Contributing on setup and upgrade many of control tools and procedures
3 - Create and upgrade many reports related to inventory, costing, budget and financial analysis
4 – Feeding the system with information related to the budget that made ability to extracting the comparative information Actual VS budget
5 - Create and upgrade costing reports and adjust cost statements.
6 – Recalculate the STD unit cost and all production rates that had made ability for making the production mix according to the Margin and profitability
7 – Linking the costing, / budgeting and financial analysis activities with one link
8 – Set up and run integration budget module in ERP System



- Reliance on costs information in pricing
2 – Handling & closing a lot of balance sheets and closing final accounts (final accounts of the business: profit and loss account and balance sheet)
3 - I made Amendments in internal costing system that removed comment of Auditor on the Cost Accounts in my company that it was before I work in afri
4 - I made Amendments in inventory system to get daily information about production QTY consumption material QTY return to vendors QTY and sold QTY
5– Modified the cycle documentary that ensures accuracy and availability cost information by request on time and up to date.



Education

College Diploma in Costing and budgeting

Education Details

College Diploma

Costing and budgeting, costing and budget accounting

Ain Shams University, Egypt

C / Good / 65 - 75%

ABC Accounting

N/A

Ain Shams University
2003 - 2005
College Diploma in Marketing and planing

Education Details

College Diploma

Marketing and planing, Planing Marketing Managing logist, logistic

Ain Shams University, Egypt

B / Very Good / 75 - 85%

N/A

N/A

Ain Shams University
2001 - 2003
Bachelors of commerce, accounting Section in accounting

Education Details

Bachelors of commerce, accounting Section

accounting

Ain Shams University, Egypt

C / Good / 65 - 75%

N/A

N/A

Ain Shams University
1997 - 2000
High School - Thanaweya Amma

High School Details

Thanaweya Amma

SHOPRA

Egypt

1996

A / Excellent / 85 -100%

N/A

SHOPRA
1996

Certifications

CMA
Aug 2016

Certificate details

CMA

Aug 2016

N/A

N/A

N/A

Under Studing Part one

Training and Courses

AX ERP at MIS
Sep 2014

Training/Course Details

AX ERP

Sep 2014

MIS

N/A

Training/Course Details

Budget / Forcesting

Nov 2012

institute.mec biz

N/A

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Profile Skills and Keywords

AX ERPAccountingAnalysisBudget / ForcestingBudget Controler / Financial AnalystBudget ControlingBusiness PlanningCMAComputerCosting & Budget Section HeadCosting AccountingCosting And Budget AccountingCosting And BudgetingERPEnglishFMCGFinanceFinance /Costing ManagerFinancial AnalystFinancial ManagementFinancial ManagmentInsuranceLogisticManufacturingMarketing And PlaningMicrosoft ExcelMicrosoft OfficeMicrosoft PowerPointPlaning Marketing Managing LogistReporting

Self-assesed Skills

Languages

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

ERP

ERP

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Office

Microsoft Office

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft PowerPoint

Microsoft PowerPoint

: Expert

: Extreme - I love it!

:

More than 7 years

Computer

Computer

: Expert

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

Analysis

Analysis

: Expert

: Extreme - I love it!

:

More than 7 years

Business Planning

Business Planning

: Expert

: Extreme - I love it!

:

More than 7 years

Financial Management

Financial Management

: Expert

: Extreme - I love it!

:

More than 7 years

Reporting

Reporting

: Expert

: Extreme - I love it!

:

More than 7 years

Financial Analyst

Financial Analyst

: Expert

: Extreme - I love it!

:

5-7 years

Financial Managment

Financial Managment

: Expert

: Extreme - I love it!

:

5-7 years

Costing Accounting

Costing Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Budget Controling

Budget Controling

: Expert

: Extreme - I love it!

:

More than 7 years

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