Summary
Overview
Work History
Education
Skills
CORE COMPETENCIES OVERVIEW
References
Interests
Timeline
Generic
Hossam Mustafa

Hossam Mustafa

Chif Financial Officer
Hofuf

Summary

Dynamic financial and manufacturing cost management professional with over 18 years of experience across diverse sectors, including furniture manufacturing, software project development costing, bakery and confectionery production, jewelry manufacturing, and food and beverage costing. Proven expertise in optimizing cost structures and enhancing profitability through strategic financial analysis and innovative solutions. Adept at navigating complex manufacturing environments to drive efficiency and support sustainable growth. Committed to leveraging extensive industry knowledge to deliver impactful results in cost management and operational excellence.

Overview

26
26
years of professional experience
2
2
Languages

Work History

Chief Financial Officer

Sinjar Mountains Food Co
10.2023 - Current
  • Company Overview: Closed Shareholding company Specialized in F&B Industry Experts in Oriental Cuisine - Central Kitchen Supplying a chain of prestigious fine-dining restaurants & Franchise Locations
  • Leading, supervising the Financial Accounting & Costing team
  • Overseeing all accounting & costing operations for Central Kitchen and restaurants to ensure that all costs & expenses remain controlled and within the boundaries of predetermined standards.
  • Guiding the Preparation process of various monthly financial & Cost reconciliation reports.
  • Review budgets, payroll, revenue reports, cash flow reports, cost reconciliation reports for all cost centers.
  • Ensure that all financial accounting & cost journal entries are accurately & timely recorded.
  • Manages and coordinates year end closing processes and procedures.
  • Supervise yearly financial audits with external auditors.
  • Leading the preparation of yearly ZAKAT & monthly VAT reports.
  • Developing accounting policies, systems, processes, and procedures.
  • Presenting financial reports to CEO
  • Accounting ERP administration (Xero Cloud ERP) https://www.xero.com/
  • Point of sale administration (Foodics Cloud POS) https://www.foodics.com/
  • Configuring & Managing API integration Between Foodics & Xero
  • Manage all day-to-day accounting & manufacturing cost activates.

Financial Controller

Valinshy jewelry
04.2023 - 09.2023
  • Company Overview: factory specialized in jewellery and diamonds manufacturing - wholesale distribution.
  • Above all the routine financial accounting & reporting operations the main objective is to control & manage all the functions related to the complete cycle of jewellery production starting from receiving client orders
  • (selected models ) & going through raw materials ( gold-diamond stoned ) purchasing & inventory movement tracking up to Final Tagging for finished product
  • Accurate daily tracking reports for all inputs & outputs for the whole production process stages ( model selection & order – 3d model design if its new model – creating rubber mold if its new model - 3d wax if its new model – casting wax model – machining – cutting - soldering - pre finishing – basic assembly – stone setting – polishing & finishing )
  • Daily tracking for Job Card & production bag ( weighs & purity & numbers - Process Transfer & Losses – rejected or broken stones )
  • Recording & Control of Losses in Casting-Setting-Finishing & all production stages.
  • Daily complete movement of Stock (row gold – stones – semi finished – weight loss – broken stones)
  • Daily Loss Report on Various production phases.
  • Issuing Monthly financial statements & cost reconciliation sheet for all production centers
  • ERP configuration & administration (tailored oracle-based ERP system designed specially as per work process requirements)

Financial & Costing Manager

AL-EID Group
05.2009 - 02.2023
  • Company Overview: Bakery and confectionery products manufacturing Bakery ingredients Importing & distributing Large Factory with 24 Bakery sales Outlets
  • Leading, supervising the accounting & costing team.
  • Overseeing all accounting & costing functions.
  • Guiding the Preparation process of various monthly reports.
  • Review budgets, payroll, revenue reports, & cash flow reports.
  • Ensure that all financial accounting & cost journal entries are accurately & timely recorded.
  • Manages and coordinates year end closing processes and procedures.
  • Work with external auditors during financial audits.
  • Leading the preparation of ZAKAT & VAT reports.
  • Developing accounting policies, systems, processes and procedures.
  • Presenting financial reports to General Manager
  • Accounting ERP administration ( FOCUS ERP ) http://www.focussoftnet.com
  • Manage all day-to-day accounting & manufacturing cost activates.

Senior Accountant

Binary Works
12.2004 - 04.2009
  • Company Overview: company whose primary products are software In the area of e-learning Solutions
  • Issue weekly , monthly & quarterly financial reports (reporting to Accounting Manager)
  • Mange cost centers and cost allocation process on various company Software projects and issuing cost reports such as variance analysis –cost analysis and other related reports.
  • Administration of the accounting System ( Almotakamel ) http://www.ofis-soft.com oracle based ERP system including ( Setting the software for the first use – building customized chart of accounts – cost centers – suppliers – customers – stores ) granting & revoking access privileges to accountants – building customized financial statements ( Balance Sheet – Income Statement. )
  • Tracking quarterly budgets and control funds allocated to these budgets and Prepare Business Unit wise variance analysis explaining the reasons for major variances in revenue & expenses between budget, actual and previous month - -reporting to Chief Accountant.
  • Prepare reports and analysis as required by the accounting manager.

Cost Controller

Arab German for Furniture
01.2002 - 10.2004
  • Company Overview: Wood furniture manufacturing & Distribution Wood importing and distribution Large furniture factory and chain of distribution outlets
  • Prepare cost estimate of materials –Labor - MOH and other expenses for various products and Work orders.
  • Performing cost analysis for products & furniture projects.
  • Checking and monitoring the consumption Qty and value. Of direct and indirect materials-labor for each production order.
  • Prepare monthly Job Performance Reports.
  • Prepare and update BOM for all products in the production line in coordination with production manager.

Junior Accountant

Al-Yaser for import & export
03.1999 - 08.2002
  • Company Overview: Wood importing & distribution
  • Prepare daily journal entries for expenses & revenues.
  • Following up cash on hand account.
  • Recording and monitoring customers and suppliers invoices.
  • Recording stock movements ( Issuing & receiving )

Education

Bachelor of Commerce -

Other Courses
Cairo - Egypt
04.2001 -

Bachelor of Commerce - Financial Accounting & Auditing

Cairo University
Cairo - Egypt
04.2001 -

Certified Management Accountant CMA Part One -

Arab Administrative Organization
Cairo, Egypt
04.2001 -

Certified Management Accountant CMA Part Two

Arab Administrative Organization
Cairo - Egypt
04.2001 -

Skills

  • Proficient in Microsoft Office suite

  • Skilled in data management with Excel and Access

  • Proficient in SAP R/3 and Oracle Financials

  • Practical knowledge of database management systems

CORE COMPETENCIES OVERVIEW

  • Financial Accounting & Reporting: - ( preparing of full set of financial Reports & Statements in accordance with generally accepted accounting principles , Developing & implementing Accounting Cycles for both Trading and Manufacturing Firms – implementing Enterprise Resource Planning Systems [ERPs] Starting from Setup screens up to issuing final Financial reports , designing ERP systems business logic & workflow , Establish internal financial controls, heading - Supporting Accounting Team , ensuring proper & accurate accounting entries, preparing & tracking Budgets).
  • Manufacturing Cost Management: - (Formulating & Controlling budgets ,Preparing Cost estimates according to each product Standard Cost-BOM, conducting variance analysis using flexible budget and other comparison tools to determine the difference between standard Costs and actual results and implementing corrective actions if needed, Developing Cost tracking Systems & tools, calculating product per unit cost by braking down product cost elements DM-DL-applied MOH , Conducting CVP Analysis to determine profitability, merging between financial and managerial accounting by generating the needed GL accounts and journal entries to reflect costing transactions on the financial statements . calculating cost percentage and contribution margin for each product unit).

References

References Available Upon Request

Interests

Computer Networking & Remote Connections, ERP systems Analysis and Design, Database applications (web & desktop) programming using Microsoft Visual Studio dotnet & SQL Server Database Engine

Timeline

Chief Financial Officer

Sinjar Mountains Food Co
10.2023 - Current

Financial Controller

Valinshy jewelry
04.2023 - 09.2023

Financial & Costing Manager

AL-EID Group
05.2009 - 02.2023

Senior Accountant

Binary Works
12.2004 - 04.2009

Cost Controller

Arab German for Furniture
01.2002 - 10.2004

Bachelor of Commerce -

Other Courses
04.2001 -

Bachelor of Commerce - Financial Accounting & Auditing

Cairo University
04.2001 -

Certified Management Accountant CMA Part One -

Arab Administrative Organization
04.2001 -

Certified Management Accountant CMA Part Two

Arab Administrative Organization
04.2001 -

Junior Accountant

Al-Yaser for import & export
03.1999 - 08.2002
Hossam MustafaChif Financial Officer