Hi, I’m
Hamdy Al-Wakeel
Al Mubarraz,Eastern Province
Summary
Accomplished Cost Control Manager with vast experience in analyzing and controlling costs for organizations. Expert in using cost analysis tools and software. Self starter works independently to scope to drive successful outcomes.
Overview
12
years of professional experience
Work history
Sinjar Mountains Food Co. Al Hufuf, Eastern Province
Head of Costing & Quality control sector
04.2023 - Current
Job overview
- Advised management on financial details related to business operations, inventory levels and budgets.
- Assisted with developing and ongoing control of costing and pricing systems for business goods.
- Analysed budgets and financial projections for accurate reporting of company performance.
- Installed internal controls and set up standard procedures for business costing systems.
- Organised and carried out month-end, quarterly and year-end processes.
- Investigated suspected cases of fraud and theft involving small numbers of transactions or complex systems.
- Trained new employees on cost standards and company procedures.
- Developed and implemented cost control systems to ensure that projects stayed within budget.
- Implemented new procedures as necessary in order to improve efficiency within the Cost Control Department.
- Resolved any discrepancies between actual costs incurred versus those estimated during the planning stages of projects.
- Managed team of 3 cost analysts responsible for tracking all invoices received from vendors and suppliers against allocated budgets.
- Key achievements: 2.3% cost reduction in 6 months.
Blaban Co. for dairy products Alexandria, Egypt
Director of cost control
12.2021 - 04.2023
Job overview
- Proposed cost-cutting and profit-generating alternatives to increase revenues and profits.
- Provided recommendations and executed strategies to grow organisational revenues.
- Tracked changes in procedures and methods to determine impact on total expenses.
- Conducted trend and attribution analysis to provide market forecasts and benchmark reports.
- Determined and investigated variance between standard costs and actual expenses.
- Oversaw day-to-day aspects of campaigns to optimise outcomes.
- Tracked costs associated with campaigns for adherence to budgets and profit goals.
- Created and facilitated training modules and sessions for new and current employees.
- Documented process flows and implemented requirements for functional improvements.
- Helped management make important investments and market growth decisions based on costs and benefits.
- Identified internal and external benchmarking data to provide insights into cost-saving opportunities.
- Employed established organisational procedures to calculate, prepare and issue bills and invoices.
- Automated operational workflow by implementing new processing platform.
- Recruited high-achieving team members for enhanced department performance (35 Employee in cost control deportment sections)
- Provided training sessions for staff on best practices related to cost management and financial controls.
- Key achievements: Building the inventory & cost control systems overall the company during 3 months till reaching the detailed & summarized consolidated reports.
T.H.M group for trading and projectsAlexandria, Egypt
Cost Control Manager
11.2018 - 11.2021
Job overview
- Created and facilitated training modules and sessions for new and current employees.
- Helped management make important investments and market growth decisions based on costs and benefits.
- Documented process flows and implemented requirements for functional improvements.
- Oversaw day-to-day aspects of campaigns to optimise outcomes.
- Tracked changes in procedures and methods to determine impact on total expenses.
- Identified internal and external benchmarking data to provide insights into cost-saving opportunities.
- Determined and investigated variance between standard costs and actual expenses.
- Worked closely with other departments, such as Procurement, Accounts Payable, and Human Resources, to ensure accurate budgeting procedures were followed.
- Provided cost analysis reports to upper management on a weekly basis.
- Conducted regular meetings with department managers to review current and projected expenses.
- Implemented new procedures as necessary in order to improve efficiency within the Cost Control Department.
- Performed monthly audits of accounts payable transactions to verify accuracy in billing amounts and coding classifications.
- Managed team of 7cost analysts responsible for tracking all invoices received from vendors and suppliers against allocated budgets.
- Analyzed financial data and identified potential areas of cost savings or inefficiencies.
- Trained staff on the use of various software programs used in the Cost Control Department.
- Implemented Materials Control ORACLE software in only 40 days.
- Improved 12 reports in MC ORACLE software with the mother company in USA.
- Key achievements: Implementing MC ORACLE system in only one month - 1.8% cost reduction.
Arabian Co. for food servicesAlexandria, Egypt
Cost control manager
08.2016 - 11.2018
Job overview
- Oversaw day-to-day aspects of campaigns to optimise outcomes.
- Proposed cost-cutting and profit-generating alternatives to increase revenues and profits.
- Created and facilitated training modules and sessions for new and current employees.
- Managed team of 5 cost analysts responsible for tracking all invoices received from vendors and suppliers against allocated budgets.
- Implemented new procedures as necessary in order to improve efficiency within the Cost Control Department.
- Resolved any discrepancies between actual costs incurred versus those estimated during the planning stages of projects.
- Worked closely with other departments, such as Procurement, Accounts Payable, and Human Resources, to ensure accurate budgeting procedures were followed.
- Monitored vendor contracts for competitive pricing, quality assurance, and timely delivery of goods and services.
- Analyzed financial data and identified potential areas of cost savings or inefficiencies.
- Created detailed spreadsheets to track project costs and budgets.
- Maintained up-to-date knowledge of accounting principles related to budgeting processes.
- Trained staff on the use of various software programs used in the Cost Control Department.
- Negotiated new contracts with vendors for better prices or improved services.
- Provided cost analysis reports to upper management on a weekly basis.
- Reviewed existing internal controls over financial reporting activities ensuring compliance with Generally Accepted Accounting Principles.
- Performed monthly audits of accounts payable transactions to verify accuracy in billing amounts and coding classifications.
T.H.M group for trading and projectsAlexandria, Egypt
Assistant cost control manager
11.2011 - 08.2016
Job overview
- Determined and investigated variance between standard costs and actual expenses.
- Employed established organisational procedures to calculate, prepare and issue bills and invoices.
- Conducted trend and attribution analysis to provide market forecasts and benchmark reports.
- Participated in process improvement meetings to provide recommendations for expediting issue resolution.
- Analyzed financial data and identified potential areas of cost savings or inefficiencies.
- Conducted regular meetings with department managers to review current and projected expenses.
- Developed and implemented cost control systems to ensure that projects stayed within budget.
- Managed team of 7 cost analysts responsible for tracking all invoices received from vendors and suppliers against allocated budgets.
- Created detailed spreadsheets to track project costs and budgets.
- Worked closely with other departments, such as Procurement, Accounts Payable, and Human Resources, to ensure accurate budgeting procedures were followed.
Education
IMA - Institute of management accountants USA
Diploma from CMA
Faculty of commerce, University of AlexandriaEgypt
Bachelor of Commerce from Accounting & auditing
Skills
- Strategic thinker
- Numerical controls understanding
- Manufacturing leadership
- Food & beverages production strategy
- Staff development plans
- Account management
- Internal control management
- Cost and revenue analysis
- Standard operating procedure development
- Pricing and costing
- Excel proficiency
- ERP Software knowledge
- Oral and written communication
- Mentoring and coaching
- Self-motivated
- Cost & inventory Account reconciliations
- Closing processes
- V-lookups
- Oracle proficiency
- Accounts Payable
- Month-end processes
- Self-motivated professional
Languages
Arabic
Native
English
Upper intermediate
Accomplishments
- Supervised team of 35 staff members.
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Documented and resolved voids & cancelation orders which led to reducing costs by 1.7% in my current job.
Timeline
Head of Costing & Quality control sector
Sinjar Mountains Food Co.
04.2023 - Current
Director of cost control
Blaban Co. for dairy products
12.2021 - 04.2023
Cost Control Manager
T.H.M group for trading and projects
11.2018 - 11.2021
Cost control manager
Arabian Co. for food services
08.2016 - 11.2018
Assistant cost control manager
T.H.M group for trading and projects
11.2011 - 08.2016
IMA - Institute of management accountants
Diploma from CMA
Faculty of commerce, University of Alexandria
Bachelor of Commerce from Accounting & auditing
Similar Profiles
Liam GattLiam Gatt
Kitchen Hand and Waiting Tables at Blue Mountains Food ServicesKitchen Hand and Waiting Tables at Blue Mountains Food Services
Victoria IanualeVictoria Ianuale
Behavioral Health Technician at Moving Mountains RecoveryBehavioral Health Technician at Moving Mountains Recovery
Dave NelsonDave Nelson
Association Property Manager at Georgia Mountains YMCAAssociation Property Manager at Georgia Mountains YMCA
Abdullatif AlsaleemAbdullatif Alsaleem
Muezzin at Employment program for imams, muezzinsMuezzin at Employment program for imams, muezzins
Hadeel Bo.KhamseenHadeel Bo.Khamseen
Administrative Supervisor at Ozone Medical CenterAdministrative Supervisor at Ozone Medical Center