Atif Shabbir - Cost Control Manager, AMC KSA

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Network Power<100 people

Roles

🔥100%

Startup Founder

🧑‍💼100%

C-level Executive

🏦100%

Finance

Geos

🇸🇦100%

Saudi Arabia

Work Background

Attieh MedicoProjects Analysis and Cost Control Manager

Nov. 2020Jeddah, Makkah, Saudi ArabiaSupporting Business Unit Directors and Managers in delivering business objectives (13 business units) Maintaining rolling revenue, cost, and margin. Projects’ performance analysis by preparing budget and reporting and variances. Design and deploy necessary controls in supply chain for continuous process improvement. Oversee the overall inventory management process, minimizing obsolete and off-spec material, reducing aging material, setting product-wise min\max stock level, and calculating the stock requirement. Forecast the fund requirements throughout the projects’ life cycle to help manage funds by the treasury department. Identify high-risk areas and provide alternate solutions to avoid delays that may occur because of the contingency. Prepare detailed reports to study and eliminate the causes of fluctuation in costs. Focus and dedication to the provision of insight, transparency, and actionable information related to cost. Develop process/guidelines for project cost estimate generation that sets clear expectations among the team. Controlling projects’ progress by applying various techniques (i.e., BCWP, ACWP, EVM, WBS, CPI, ETC, Gantt chart)

Attieh MedicoFinancial Analyst

Nov. 2018 - Nov. 2020Jeddah Governorate, Saudi ArabiaUnderstand and improve the project costing system which provides instant information to management. Prepared individual project budgets in coordination with different business unit heads and project managers. Ensured the cost and expenses associated with projects shall be under the approved budget. Flagged the area of concern and highlighted it to the management with suggested solutions. Established and implemented a standard costing system. Established and implemented necessary controls in project operations. Advising funds requirement on individual projects to finance department to make sure timely completions. Prepared and explained analytical reports to management and suggested corrective measures where needed.

BINZAGR FACTORY FOR INSULATION MATERIALAssistant Manager Finance

Jul. 2015 - Oct. 2018Al Khobar, Saudi ArabiaPrepared, monitored and managed company monthly financial results and give recommendations for necessary actions for managing company performance to align with management’s target. Closely worked with business units’ head to monitor the performances and provide financial solution how to maximize business efficiency. Oversee execution of accounts receivable, accounts payable, bank reconciliation and fixed assets. Monitored & analyzed project costing and revenue in line with the budget and flagging areas of concerns to the Management. Forecast fund requirement and manage them to ensure liquidity. Provided information and reports for management decision. Prepared annual Budgets and short- and long-term forecasts. Arranged reporting requirements and ensure data accuracy by communicating with the originator of data. Liaised with departmental heads to ensure smooth information flow. Coordinate internal and external auditors. Managed a team of 3 people.

BINZAGR FACTORY FOR INSULATION MATERIALSenior Accountant

Jul. 2010 - Jun. 2015Al KhobarFinalized monthly and annual accounts i.e., Balance sheet, Income statement, statements of cash flow and other schedules supports to final accounts. Accruals and payment of invoices after insuring completeness, accuracy, and authorization of document. Kept tracks of payments. Follow-up with customers for collections and developing business relations, correspond with operation department to ensure timely and correctly delivery of invoices. Prepared cash collection forecast for manager. Reconciliation of number of bank accounts with books. Record and safeguard fixed assets. Coordinated with other departments for maintaining the accuracy of records

BINZAGR FACTORY FOR INSULATION MATERIALAccountant

Sep. 2008 - Jun. 2010Al-Khobar Governorate, Saudi Arabia

Gul Ahmed Textile Mills LimitedCosting Officer

Apr. 2006 - Aug. 2008KarachiPerformed variance analysis and cost analysis to understand inefficiencies in systems. Price quotation for foreign customers according to their specific requirement. Calculate actual cost incurred in manufacturing. Prepared Analytical Reports For Manager.

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