Hamdy Al-Wakeel ,CMA - IFRS DIP - Data Analysis

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. Created a professional dynamic Excel workbook for all daily, weekly and monthly transactions. Leading the implementation project of SAP B1 (Project manager). Analyzed budgets and financial projections for accurate reporting of company performance. Installed internal controls and set up standard procedures for business costing systems. Organized and carried out month-end, quarterly and year-end processes. Implemented the manufacturing cost procedure which include direct & in-direct costs. 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 the budget. Implemented new procedures as necessary to improve efficiency within the Cost Control Department. Resolved any discrepancies between actual costs incurred versus those estimated during planning stages of projects. Managing the cost control team in KSA, UAE & Jordan. Managing team of 8 cost controllers, 4 cost analysts & 22 production controllers. Key achievements: 2.3% cost reduction in 6 months.

Proposed cost-cutting and profit-generating alternatives to increase revenues and profits. Provided recommendations and executed strategies to grow organizational 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 optimize 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 implements 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 organizational 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.

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 implements requirements for functional improvements. Oversaw day-to-day aspects of campaigns to optimize 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 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 7 cost 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.

Oversaw day-to-day aspects of campaigns to optimize 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 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.

Opulent company owns two brands of restaurants, the first is MAAWARD and it works specifically in Syrian food, the second is KIWAN and it is a smart fine dining restaurant specified in Lebanese cuisine.

Recipe holding, menu costing, menu pricing, and stock control system Training 3 accountants to follow up what have been done