Abdallah Fouda
Budgeting & Costing Manager
Alexandria
Summary
- Budgeting, and financial analysis across diverse industries. Adept at designing and implementing effective pricing strategies, conducting detailed cost analysis, and optimizing financial performance. Proficient in Advanced Excel and Power BI for data analysis, visualization, and reporting, enabling informed decision-making. Experienced in collaborating with cross-functional teams to develop comprehensive business plans and improvement strategies. Strong track record in identifying inefficiencies, driving cost-saving initiatives, and ensuring financial alignment with organizational goals.
- CMA in progress under the guidance of Dr. Mohamed Abdo.
Overview
9
9
years of professional experience
4
4
years of post-secondary education
Work History
Budget & Cost Control Manager
Sharaf Global
01.2024 - Current
- Prepare project budgets and identify potential weaknesses that may lead to reduced profitability or losses.
- Develop and implement mechanisms to mitigate risks, optimize profits, and reduce costs.
- Supervise the execution of budgets and cost-control strategies, ensuring alignment with financial goals.
- Monitor and analyze monthly company performance reports, including cost tracking and overall financial performance.
- Conduct market comparisons and assess company performance against budgeted targets.
- Regularly review and adjust budgets and financial strategies to adapt to market changes and business needs.
- Discuss all work steps with the Board of Directors and provide in-depth financial analysis.
- Utilize analytical and visualization tools such as Power BI to create insightful reports and presentations.
- Analyze cost elements for all company products and services to ensure accurate pricing aligned with market trends and Board of Directors' financial objectives.
- Ensure continuous improvement in budget accuracy and cost efficiency through periodic evaluations.
Budget & Cost Control Manager
Sharaf Corporation - EAMW
07.2023 - Current
- Prepare project budgets and identify potential weaknesses that may lead to reduced profitability or losses.
- Develop and implement mechanisms to mitigate risks, optimize profits, and reduce costs.
- Supervise the execution of budgets and cost-control strategies, ensuring alignment with financial goals.
- Monitor and analyze monthly company performance reports, including cost tracking and overall financial performance.
- Conduct market comparisons and assess company performance against budgeted targets.
- Regularly review and adjust budgets and financial strategies to adapt to market changes and business needs.
- Discuss all work steps with the Board of Directors and provide in-depth financial analysis.
- Utilize analytical and visualization tools such as Power BI to create insightful reports and presentations.
- Analyze cost elements for all company products and services to ensure accurate pricing aligned with market trends and Board of Directors' financial objectives.
- Ensure continuous improvement in budget accuracy and cost efficiency through periodic evaluations.
Cost Accounting Supervisor
Alfouad Automotive Spare Pates
09.2022 - 05.2024
- Established the Cost Management Department from scratch in a factory that previously relied on experience and competitor pricing.
- Conducted a comprehensive study of all factory products, including automotive spare parts and lighting fixtures.
- Analyzed raw materials, production processes, and indirect expenses to determine accurate cost structures.
- Identified inefficiencies in the manufacturing process and implemented improvements to reduce production costs.
- Developed a product pricing strategy based on precise cost calculations, ensuring competitiveness and profitability.
- Created a structured pricing list for all products, ensuring alignment with market conditions and business goals.
- Monitored actual production costs to ensure they matched standard costs used for pricing.
- Identified cost variances and reported them to relevant departments, facilitating corrective actions
Cost Accountant
Black stone tours
12.2019 - 09.2022
- Monitored and controlled the costs of domestic and international tours, ensuring alignment with budgeted plans.
- Developed and implemented pricing strategies for various tourism packages, including domestic tours, international trips, Hajj, and Umrah programs.
- Analyzed cost structures for travel services, accommodations, transportation, and other operational expenses.
- Ensured that actual tour costs matched planned budgets, identifying and addressing variances.
- Collaborated with suppliers, hotels, and transport providers to optimize pricing and cost efficiency.
- Reviewed and updated tour pricing periodically to remain competitive in the market.
Senior Project Accounting Manager
Raqouda
10.2019 - 09.2022
- Managed financial accounts for the Raquda Tower construction project.
- Oversaw all financial transactions related to clients, suppliers, and contractors.
- Managed cash flow operations for the project, ensuring efficient fund allocation.
- Prepared and reviewed supplier account statements to ensure accuracy and compliance.
- Created and verified contractor payment certificates (progress payments).
- Conducted cost analysis for each project component to determine the precise cost per unit.
- Ensured financial records aligned with project budgets and actual expenditures.
Cost & Budgeting Specialist
Abdulaziz Al-Otaibi Consulting, Training & Develop
05.2018 - 02.2019
- Worked under a team of industry experts in the Accounting & Cost Control Department.
- Participated in business development projects for contracted companies, focusing on financial planning and cost management.
- Conducted comprehensive studies of client companies, analyzing their operations and market environment.
- Developed and implemented budgeting plans, ensuring accurate financial forecasting.
- Identified and tracked company costs, ensuring alignment with strategic development goals.
- Monitored the execution of budgets, comparing actual expenditures with planned figures.
- Provided financial insights and variance analysis to support decision-making and business improvement strategies.
Accountant
Al-Ahram Accounting Firm
05.2018 - 02.2019
- Worked in the Audit Department, focusing on reviewing company budgets and financial accounts.
- Conducted comprehensive audits of company financials, ensuring compliance with accounting standards and regulations.
- Assisted in preparing external audit reports, summarizing findings, and presenting audit recommendations to clients.
- Analyzed financial discrepancies and identified areas for improvement in financial reporting and accounting practices.
- Provided support to senior auditors in the review process and collaborated on ensuring the accuracy and transparency of financial statements.
Accountant
Dammanhour Tours
01.2016 - 02.2017
- Monitored and controlled the costs of domestic and international tours, ensuring alignment with budgeted plans.
- Developed and implemented pricing strategies for various tourism packages, including domestic tours, international trips, Hajj, and Umrah programs.
- Analyzed cost structures for travel services, accommodations, transportation, and other operational expenses.
- Ensured that actual tour costs matched planned budgets, identifying and addressing variances.
- Collaborated with suppliers, hotels, and transport providers to optimize pricing and cost efficiency.
- Reviewed and updated tour pricing periodically to remain competitive in the market.
Education
Bachelor's degree - Accounting and Finance
Alexandria University
Alexandria, Egypt 01.2013 - 01.2017
Skills
- Advanced Excel Proficiency
- Advanced Power BI
- Data Analysis
- Financial Analysis
- Cost reporting
- Cash flow management
- Cost reduction strategies
- Cost analysis
- Problem-solving
- Team management
- Time management
Timeline
Budget & Cost Control Manager
Sharaf Global
01.2024 - Current
Budget & Cost Control Manager
Sharaf Corporation - EAMW
07.2023 - Current
Cost Accounting Supervisor
Alfouad Automotive Spare Pates
09.2022 - 05.2024
Cost Accountant
Black stone tours
12.2019 - 09.2022
Senior Project Accounting Manager
Raqouda
10.2019 - 09.2022
Cost & Budgeting Specialist
Abdulaziz Al-Otaibi Consulting, Training & Develop
05.2018 - 02.2019
Accountant
Al-Ahram Accounting Firm
05.2018 - 02.2019
Accountant
Dammanhour Tours
01.2016 - 02.2017
Bachelor's degree - Accounting and Finance
Alexandria University
01.2013 - 01.2017
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