With a rich background in cost and inventory management, I bring to the table a unique blend of analytical skills and strategic execution. My expertise stretches from streamlining procurement cycles to enhancing financial accuracy and improving operational efficiency. Here's a glimpse into my professional journey:Procurement & Inventory: Successfully implemented purchase, receipt, and issuance cycles, ensuring efficient stock turnover. Regularly audited inventory and maintained real-time valuation.Cost Analysis & Budgeting Management: Spearheaded initiatives to reconcile F&B costs, identified discrepancies, and took proactive steps to maintain a balance between actual and potential costs for various departments. Regularly generated comprehensive cost control reports, emphasizing transparency and accuracy.Operational Excellence: Collaborated closely with executive chefs in recipe formulation, product specifications, and menu engineering. Ensured adherence to established production standards through periodic checks.Financial Oversight: Actively participated in the monthly closing process, prepared a comprehensive set of reports, and coordinated the company's budgeting process in alignment with financial objectives.Price Strategy & Software Proficiency: Mastered the art of pricing strategies, including special menu formats and predicting influencing factors. Familiar with a suite of P.O.S software and ERP system, including Sap, Oddo, MC, CIM, Foodics, Aloha, and MS Dynamic 365.Throughout my journey, I've been a fervent advocate for operational excellence, ensuring that all processes, whether directly related to F&B or the wider FMCG sector, are optimized for efficiency and profitability.
Sanad Business Foundation
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Financial And Cost Planning DirectorSanad Business FoundationCairo, Cairo Governorate, Eg
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Financial & Cost Planning DirectorSanad Business Foundation May 2024 - PresentSaudi ArabiaFinancial Acumen: Assisting clients in grasping the financial intricacies of the F&B domain. This encompasses cost comprehension, pricing strategies, financial projections, and budgeting, ensuring informed business decisions.Cost Management: Scrutinizing expenses meticulously to identify cost-saving avenues. Our strategies prioritize profitability without compromising quality or consumer satisfaction.Capital Expenditure & Budgeting: Offering guidance on capital expenses, from equipment acquisitions to budgeting, ensuring sound financial planning.Accounting Prowess: Meticulously managing and organizing accounting ledgers, from transactions to cash flows, embodying precision and accuracy.Comprehensive Financial Reporting: Producing exhaustive financial reports, facilitating informed, data-backed decision-making.VAT Services: Streamlining tax procedures, from VAT registration to expert advice, ensuring hassle-free tax management.Internal Auditing: Assessing and augmenting risk management, controls, and governance, ascertaining compliance and operational efficacy.Operational Mastery: Augmenting the efficiency of F&B operations, identifying improvement potentials, and implementing apt solutions.Process Design: Tailoring operational processes to optimize efficiency and productivity, ensuring alignment with business objectives.Resource Optimization: Overseeing the effective allocation and deployment of resources, from manpower to materials, guaranteeing optimal resource utility.Quality Control & Regulatory Compliance: Ensuring adherence to the highest quality standards and assisting clients in navigating through relevant F&B regulations and licenses.
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Cost Control ManagerMind & Premier Restaurants Group " Villa Caracas - Marzipan -Il Loft - Gala " Oct 2023 - Jun 2024Cairo, EgyptIn my role as a Cost Control Manager, I've been at the forefront of implementing efficient cost management and inventory strategies tailored for high-paced industries:Inventory Oversight: Managed and maintained optimal physical inventory levels. Regularly ran inventory reports (daily, weekly, monthly) and ensured accurate monthly inventory checks across warehouses and branches.Cost Analysis: Spearheaded efforts to determine standard and actual production costs, factoring in raw material procurement and other associated costs. Diligently analyzed and recorded financial data, offering insights to optimize costs and streamline processes.Operational Evaluation: Assessed changes in product designs, manufacturing methods, and raw materials to forecast their financial impact, ensuring products are priced profitably and competitively.Financial Reporting: Regularly liaised with senior management, offering detailed reports on cost discrepancies, product profitability, and monthly budget variances. Additionally, prepared comprehensive financial statements, including Reconciliation, Menu Engineering, and Analysis Reports.Collaboration & Strategic Planning: Worked cohesively with various departments, ensuring alignment in cost planning and financial strategies.Through my tenure, I've successfully combined my deep knowledge of the F&B sector with the adaptability required for the FMCG industry, ensuring a holistic approach to cost management.
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Financial & Cost Planning DirectorGrowth Steps Consultancy ( F&B - Fmcg) Apr 2023 - Oct 2023BahrainFinancial Acumen: Assisting clients in grasping the financial intricacies of the F&B domain. This encompasses cost comprehension, pricing strategies, financial projections, and budgeting, ensuring informed business decisions.Cost Management: Scrutinizing expenses meticulously to identify cost-saving avenues. Our strategies prioritize profitability without compromising quality or consumer satisfaction.Capital Expenditure & Budgeting: Offering guidance on capital expenses, from equipment acquisitions to budgeting, ensuring sound financial planning.Accounting Prowess: Meticulously managing and organizing accounting ledgers, from transactions to cash flows, embodying precision and accuracy.Comprehensive Financial Reporting: Producing exhaustive financial reports, facilitating informed, data-backed decision-making.VAT Services: Streamlining tax procedures, from VAT registration to expert advice, ensuring hassle-free tax management.Internal Auditing: Assessing and augmenting risk management, controls, and governance, ascertaining compliance and operational efficacy.Operational Mastery: Augmenting the efficiency of F&B operations, identifying improvement potentials, and implementing apt solutions.Process Design: Tailoring operational processes to optimize efficiency and productivity, ensuring alignment with business objectives.Resource Optimization: Overseeing the effective allocation and deployment of resources, from manpower to materials, guaranteeing optimal resource utility.Quality Control & Regulatory Compliance: Ensuring adherence to the highest quality standards and assisting clients in navigating through relevant F&B regulations and licenses.
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Cost Control ManagerTrès Bon Restaurant Nov 2021 - Apr 2023Cairo, EgyptIn my role as a Cost Control Manager, I've been at the forefront of implementing efficient cost management and inventory strategies tailored for high-paced industries:Inventory Oversight: Managed and maintained optimal physical inventory levels. Regularly ran inventory reports (daily, weekly, monthly) and ensured accurate monthly inventory checks across warehouses and branches.Cost Analysis: Spearheaded efforts to determine standard and actual production costs, factoring in raw material procurement and other associated costs. Diligently analyzed and recorded financial data, offering insights to optimize costs and streamline processes.Operational Evaluation: Assessed changes in product designs, manufacturing methods, and raw materials to forecast their financial impact, ensuring products are priced profitably and competitively.Financial Reporting: Regularly liaised with senior management, offering detailed reports on cost discrepancies, product profitability, and monthly budget variances. Additionally, prepared comprehensive financial statements, including Reconciliation, Menu Engineering, and Analysis Reports.Collaboration & Strategic Planning: Worked cohesively with various departments, ensuring alignment in cost planning and financial strategies.Through my tenure, I've successfully combined my deep knowledge of the F&B sector with the adaptability required for the FMCG industry, ensuring a holistic approach to cost management. -
Cost Control ManagerVl Hospitality & Investment Group Mar 2019 - Nov 2021Cairo, EgyptIn my role as a Cost Control Manager, I've been at the forefront of implementing efficient cost management and inventory strategies tailored for high-paced industries:Inventory Oversight: Managed and maintained optimal physical inventory levels. Regularly ran inventory reports (daily, weekly, monthly) and ensured accurate monthly inventory checks across warehouses and branches.Cost Analysis: Spearheaded efforts to determine standard and actual production costs, factoring in raw material procurement and other associated costs. Diligently analyzed and recorded financial data, offering insights to optimize costs and streamline processes.Operational Evaluation: Assessed changes in product designs, manufacturing methods, and raw materials to forecast their financial impact, ensuring products are priced profitably and competitively.Financial Reporting: Regularly liaised with senior management, offering detailed reports on cost discrepancies, product profitability, and monthly budget variances. Additionally, prepared comprehensive financial statements, including Reconciliation, Menu Engineering, and Analysis Reports.Collaboration & Strategic Planning: Worked cohesively with various departments, ensuring alignment in cost planning and financial strategies.Through my tenure, I've successfully combined my deep knowledge of the F&B sector with the adaptability required for the FMCG industry, ensuring a holistic approach to cost management. -
Cost Controller ManagerQuality Group Egypt Nov 2014 - Mar 2019Cairo - 5Th SettlementIn my role as a Cost Control Manager, I've been at the forefront of implementing efficient cost management and inventory strategies tailored for high-paced industries:Inventory Oversight: Managed and maintained optimal physical inventory levels. Regularly ran inventory reports (daily, weekly, monthly) and ensured accurate monthly inventory checks across warehouses and branches.Cost Analysis: Spearheaded efforts to determine standard and actual production costs, factoring in raw material procurement and other associated costs. Diligently analyzed and recorded financial data, offering insights to optimize costs and streamline processes.Operational Evaluation: Assessed changes in product designs, manufacturing methods, and raw materials to forecast their financial impact, ensuring products are priced profitably and competitively.Financial Reporting: Regularly liaised with senior management, offering detailed reports on cost discrepancies, product profitability, and monthly budget variances. Additionally, prepared comprehensive financial statements, including Reconciliation, Menu Engineering, and Analysis Reports.Collaboration & Strategic Planning: Worked cohesively with various departments, ensuring alignment in cost planning and financial strategies.Through my tenure, I've successfully combined my deep knowledge of the F&B sector with the adaptability required for the FMCG industry, ensuring a holistic approach to cost management. -
Cost Controller ManagerGlobal Gourmet Company – Leila Mn Lebanon Restaurants Nov 2012 - Nov 2014Cairo - 6Th Of OctoberIn my role at Global Gourmet Company, I managed financial and inventory aspects of the business to ensure optimal operations and cost efficiency. My responsibilities and achievements included:Inventory Management: Established procedures to maintain ideal inventory levels across warehouses and branches. Consistently monitored stock through daily, weekly, and monthly reports, ensuring a balance between potential and actual costs.Cost Analysis: Systematically studied and assessed standard vs. actual production costs. This encompassed raw material procurement, manufacturing considerations, and more. Used data analytics tools to derive insights and optimize spending.Operational Insights: Evaluated impacts of changes in product designs, raw materials, and manufacturing methods, ensuring cost-effective operations without compromising product quality.Financial Reporting & Collaboration: Produced detailed financial statements, including Menu Engineering and Analysis Reports. Worked collaboratively with senior management, delivering comprehensive insights on price, profitability, and monthly budget discrepancies.Cross-departmental Collaboration: Engaged with various departments to ensure alignment in financial strategies and to achieve overarching cost planning targets.In this role, I successfully amalgamated my expertise from the F&B sector, emphasizing skills and strategies that are universally essential in the FMCG landscape.
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Cost AccountantTouristic Investments Company – Crave Restaurants Jan 2007 - Nov 2012Cairo - El-ZamalekDuring my tenure at Crave Restaurants, part of the Touristic Investments Company, I championed various cost accounting initiatives that not only optimized the company's financial position but also ensured its competitive stance in the market. Here's a snapshot of my contributions:Inventory Oversight: Systematized inventory management processes, ensuring the right balance between physical stocks and demand. Regularly analyzed inventory data, providing real-time insights into stock levels across warehouses and branches.Cost Analysis & Management: Delved deep into the assessment of standard versus actual manufacturing costs, taking into account every detail from raw material purchases to end-product creation. Extracted actionable insights from data to streamline budget allocations and reduce unnecessary expenditures.Operational Efficiency: Kept a vigilant eye on changes in product design, raw materials, and production methodologies. This ensured that any alterations were cost-efficient, maintaining our high-quality standards without escalating expenses.Financial Reporting: Developed and presented a suite of financial reports, from reconciliations to in-depth analysis documents. Regularly liaised with senior management, providing them with clear insights into product profitability and monthly budget variances.Collaborative Strategies: Fostered a strong collaborative environment by actively engaging with various departments. This holistic approach ensured alignment in financial objectives and paved the way for achieving company-wide cost planning targets.By bridging the best practices from the F&B sector with the strategic demands of the FMCG industry, I've been able to implement a multifaceted approach to cost accounting, driving both profitability and operational excellence.
Usama Sayed Education Details
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Commerce, Accounting, Business Administration
Frequently Asked Questions about Usama Sayed
What company does Usama Sayed work for?
Usama Sayed works for Sanad Business Foundation
What is Usama Sayed's role at the current company?
Usama Sayed's current role is Financial and Cost Planning Director.
What schools did Usama Sayed attend?
Usama Sayed attended Ain Shams University.
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Usama Sayed
Student At Faculty Of Computer And Artificial Intelligence Helwan UniversityCairo, Egypt -
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Usama Sayed
Cairo
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