Basic Info

Michael Basta, CMA

3 years

Cairo, Egypt

Bachelor's Degree

Experienced

Work Experience

Senior Cost Accountant at Hayat Egypt

Experience Details

Senior Cost Accountant

Accounting/Finance

Experienced (Non-Manager)

Working as a Senior Cost Accountant with the responsibilities of:
* Supervising the monthly cost closing process on SAP for 3 factories and making sure that the process is completed smoothly and accurately.
* Factories supervised: Baby Diapers, Tissue, raw & packaging materials.
* Solving any problems that occur within the process of cost closing on SAP.
* Supervising the material maintenance process on SAP and solving issues if occurred on SAP.
* Supervising the monthly Standard Pricing process on SAP.
* Controlling Cost results. Controlling the cost of production and cost of sales through cost analysis reports.
* Controlling the purchase orders of Raw & Packaging materials to prevent huge fluctuations of cost in case of any error
* Making cost variance analysis on monthly basis between actual figures to understand why variances exist and preparing illustrative reports to top management.
* Making cost variance analysis on monthly basis between actual and budget figures.
* Calculating the production costs of new products and preparing cost study.
* Preparing forecast profitability analysis report for each SKU and sales channel on monthly base. These reports shows analysis for each SKU & Sales Channel from sales till EBITDA.
* Preparing scenarios to show profitability in case of price increase, cost increase & FX changes.
* Monitoring costs of 3 factories through SAP.
* Preparing detailed annual budget for cost of production & cost of goods sold for the 3 factories of more than 50 SKU.
* Getting in touch with purchasing, logistics, production & planning department as a part of monthly production cost control.
* Preparing excel based cost reporting packages to be presented to board.
* Creating automated excel based financial models for continuous improvement of reporting packages.
* Assisting the sales team in understanding how the promotions and trade support expenses will affect profitability.


Company Details

Hayat Egypt (multinational)

Cairo, Egypt

More than 1000 employees

FMCG, Manufacturing

N/A

Jan 2017 to present (9 months)
Cost and Budget Analyst at Hayat Egypt for Hygienic Products

Experience Details

Cost and Budget Analyst

Accounting/Finance

Entry Level

Working in the finance department & reporting directly to the subsidiary finance manager and responsible for:

* Preparing and calculating monthly Cost of Goods Sold through the CO and MM modules in SAP
* Calculating the actual cost components for each product (Materials-Labor-Overhead) with detailed analysis
* Preparing forecast for cost of goods sold with its cost components for all brands through estimating the direct Materials, direct Labor costs & allocating the Overhead
* Preparing analysis for the launching of new products or brands to see whether they will be profitable or not. These projects require the communication with all departments like sales, production, purchasing, marketing, finance ... etc. in order to collect the required detailed data for the analysis
* Responsible for costing analysis of 3 factories (Raw Material-Diapers-Tissue)
* Preparing detailed profitability analysis reports for brands and sales channels using excel models
* Currently in a long project with the Head Office to implement Profitability Analysis reports on SAP
* Preparing detailed expenses reports for analysis purposes
* Preparing corporate budgeting reports & organizing annual budget process.
* Preparing detailed cost budget for 3 factories. (Material, labor & Overhead)
* Comparing Budget vs Actual figures, (especially COGS) and preparing reports for top management to illustrate variances
* Creating, building & improving financial models on Excel for all department and for management purposes. (VBA knowledge is good in excel as well)
* Posting different types of expense using SAP – FI Module
* Assisting in the preparation of monthly cash flow statements

Also, I was chosen to be part of the team who joined a project in the Head Office in Turkey for 1 month to make consolidated files for budget and monthly actual BS and PL Statements across all subsidiaries. This project was headed by group Top Management.


Company Details

Hayat Egypt for Hygienic Products (multinational)

Cairo, Egypt

More than 1000 employees

FMCG

N/A

Mar 2014 to Jan 2017 (2 years 10 months)
Business Analyst at Archer Consulting

Experience Details

Business Analyst

Accounting/Finance

Entry Level

Working as a business analyst in Archer Consulting who is responsible for:
• Doing feasibility studies
• Financial planning
• Analyzing historical financial data and making five year forecast through informed assumption building
• Valuation for organizations
• Collect and analyze data through primary and secondary sources on companies and markets to evaluate performance


Company Details

Archer Consulting

Cairo, Egypt

1-10 employees

Financial Services

N/A

Jun 2013 to Mar 2014 (9 months)
Call Center Technical Agent (intern) at Vodafone UK

Experience Details

Call Center Technical Agent (intern)

Customer Service/Support

Student

N/A


Company Details

Vodafone UK (multinational)

Cairo, Egypt

More than 1000 employees

Information Technology Services

N/A

Jun 2011 to Sep 2011 (3 months)

Education

Bachelor's Degree in Finance

Education Details

Bachelor's Degree

Finance, Accounting, Cost Accounting

Misr International University (MIU), Egypt

A / Excellent / 85 -100%

• Banking Management • Financi

Bachelor degree accredited from MIU in collaboration with Heilbronn University in Germany.

Misr International University (MIU)
2009 - 2013
Bachelor's Degree in Finance

Education Details

Bachelor's Degree

Finance

State University of New York - Cobleskill, United States

A / Excellent / 85 -100%

scholarship abroad in SUNY Cob

N/A

State University of New York - Cobleskill
2011 - 2011
High School - IGCSE

High School Details

IGCSE

st fatima igcse

Egypt

2009

A / Excellent / 85 -100%

N/A

st fatima igcse
2009

Certifications

Certificate details

Certified Management Accountant

Dec 2016

N/A

N/A

N/A

IMA

N/A

Certificate details

Microsoft Office Specialist (MOS) - Excel Expert (In Process)

Dec 2016

N/A

N/A

N/A

Microsoft

In Process

This profile is not updated!
Last update more than 4 months ago.

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Profile Skills and Keywords

AccountingAnalyticalArabicBusiness AnalystCall Center Technical AgentCertified Management AccountantCost AccountingCost And Budget AnalystCustomer ServiceDetails-orientedEnglishFMCGFinanceFinancial ServicesHayat EgyptHayat Egypt For Hygienic ProductsInformation Technology ServicesInitiativeInsuranceLeaderListening To MusicManufacturingMicrosoft ExcelMicrosoft Office Specialist (MOS) - Excel Expert (In Process)Microsoft PowerPointMovie MakingPlaying Ping PongPresenterSAPSenior Cost AccountantSupportVodafone UKWatching Documentaries

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Microsoft Excel

Microsoft Excel

: Expert

: Extreme - I love it!

:

5-7 years

Microsoft PowerPoint

Microsoft PowerPoint

: Advanced

: Extreme - I love it!

:

5-7 years

SAP

SAP

: Intermediate

: High

:

1-3 years

Key Skills

Analytical, Leader, Presenter, Initiative, Details-oriented

Online Presence

https://eg.linkedin.com/in/michael-basta-cma-candidate-23617389

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