Summary
Overview
Work history
Education
Skills
Languages
References
Timeline
Generic

Ali AlAmoudi

AlKhobar,KSA

Summary

Accomplished expert with 17+ years in general accounting, budgeting, costing, CAPEX, analysis, reporting, and cash operations, having excelled in two prominent petrochemical and chemical organizations while showcasing exceptional leadership in directing cost accounting and fixed assets teams.

Overview

18
18
years of professional experience
4
4
years of post-secondary education

Work history

Cost Accounting & Fixed Assets Manager

Sadara Chemical Company
Jubail, Eastern Province
01.2021 - Current
  • Leading both units with 10 employees overseeing company cost of good solid, inventory and fixed Assets register for 27 manufacturing plants and support functions
  • Leading and essential member of company OPEX & CAPEX yearly budget exercise and monthly forecast.
  • Supervising preparation and execution of product costing standard and actual process covering BOM, prices, routing, direct/indirect cost.
  • Supervising month end closing activities and conduct health check analysis to ensure cost allocation, material consumption, production orders, accruals, compliance and accurate COGS, inventory and PPE.
  • Report and analyze monthly costing results and to be shared with departments and management with informative inputs showing multiple reports such as company spending, manufacturing performance, trend analysis, costing variances and related KPI’s.
  • Analyze costs of materials, manufacturing activities, maintenance and labor aiming for cost optimization and determine opportunities and to reduction cost of production.
  • Partner with manufacturing and operation departments to increase finance acumen.
  • Develop and update cost control, system, accounting process and procedures documentations
  • Exercise leadership by leading the team towards a goal, delegating tasks, fostering a positive environment, with effective communication and taking accountability for outcomes.
  • Engagement and interact with external stakeholder audits, shareholders Rep., local content, MOE, benchmark studies and others to provide costing and fixed assets requirements.
  • Supervise yearly stock count, inventory evaluation and aging reports to ensure accurate Inventory management.
  • Leading CAPEX project accounting assessment, execution, aging, analyzing expenditures, assets verification and disposal till project is capitalized and start deprecation.

Cost Accounting Specialist

Sadara Chemical Company
Jubail, Eastern Province
09.2014 - 12.2020
  • Reviewing and analyzing manufacturing variances (materials, prices, process change… etc)
  • Reviewing and analyzing cost center variances (spending, cost allocation, assessments, recharges…etc).
  • Preforming inventory stock count (monthly, quarterly or annually) and inventory reconciliation.
  • Analyzing and preforming monthly accruals and any required re- classification entries.
  • Reviewing and analyzing product cost estimate for raw material ,semi finished and finished goods.
  • Monitoring monthly closing activities.
  • Part of cost structure implantation and improvement team.
  • Part of budget preparation team.
  • preparation and analyzing multiple reporting results such as production, Materials, utilities consumption, spending and plant performance.
  • Part of commissioning and start up team.
  • Part of benchmark Team.

Budget and Cost Control

SABIC – SHARQ
Jubail, Eastern Province
01.2012 - 08.2014
  • Monitor monthly/year end production closing and ensure the accuracy of the financial impact.
  • Monitoring and reviewing balance sheet, income statements accounts and system generated reports for accuracy and compliance.
  • Monitoring and controlling actual cost fixed / variable and ensure the accuracy of the cost as well as cost allocation.
  • purchase order controller GR/IR.
  • Budget Supplement for capital project and expenses.
  • Preparation and analysis plants performance report.
  • Assists in finalizing budget to management and board members and budget distribution in the system.
  • Assists in preparation of financial reports such as financial management report, financial performance report and projects status report and facilitating requirements to Internal, external and government auditors.

Cash Operation and SAP Administration Assistant

SABIC – SHARQ
Jubail, Eastern Province
10.2007 - 12.2011
  • Executes payments(contractors, banks, employees, etc).
  • Preparation of daily / Monthly payments report.
  • Sells/Buys foreign currencies.
  • Preparation of monthly financing needs for operating activities.
  • Placement / settlement of time deposit deals.
  • Performs monthly reconciliation of bank accounts.
  • Preparation of Weekly / Monthly Reports for all activities related to Cash flow
  • SAP Maintains Site User ID through creation, modification, deletion and access.
  • SAP Maintains Authorization / Roles Assignment end-User and User cross affiliate access.

Education

Bachelor of Accountant -

King Faisal University
Al Hufuf, Eastern Province
06.2003 - 06.2007

Skills

  • Budgeting control and forecasting
  • Cost analysis and control
  • Knowledge of sap ERP
  • Constructive communication
  • Fixed assets supervision
  • Inventory management
  • Leadership

Languages

Arabic
Native
English
Fluent

References

References available upon request.

Timeline

Cost Accounting & Fixed Assets Manager

Sadara Chemical Company
01.2021 - Current

Cost Accounting Specialist

Sadara Chemical Company
09.2014 - 12.2020

Budget and Cost Control

SABIC – SHARQ
01.2012 - 08.2014

Cash Operation and SAP Administration Assistant

SABIC – SHARQ
10.2007 - 12.2011

Bachelor of Accountant -

King Faisal University
06.2003 - 06.2007

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Ali AlAmoudi