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Job Description
- Perform month-end close activities related to cost accounting.
- Prepare various financial analysis related to manufacturing costs, inventory and expense for various products as needed for decision making support.
- Set up new raw material and FG items; maintain production BOMs; perform periodic cost rolls/updates.
- Prepare estimates of new and proposal product costs.
- Create standard cost for products and update it
- Review the standard cost and actual cost to identify variance
- Calculating variance between standard and actual cost for process orders and their causes
- Validate the cost of goods sold as part of the month-end close
- Calculate the break-even point for every Activity &cost center to Determine the breakeven volume at which we can covering fixed cost and not realizing loss so we can the best use
- Monitor production lines to minimize costs
- Control and analyze everything that bears the cost centers
- Perform physical inventory to all material and finished product and evaluate it.
- Analyze overhead cost and revenues
- Analysis of operating expenses and general expenses, selling, distribution, and analysis of the reasons for the increase and decrease in expenses
- Directing the review of expenses in terms of runs expenses or general expenses selling and distribution
- Follow up with the purchases management by present prices offer for all purchases to make sure that this lower market price to reduce product costing
- Make product pricing decisions for local and export sales and review these prices with sales and marketing management based on competitor offers
- Prepare income statement on monthly basis
- Preparing lists of products costs
- Provide management with reports specifying and comparing factors affecting costing and profitability of products and services
- Analysis of Income Statements
Job Requirements
- Graduated from Faculty of commerce
- Accounting system: Must be hard knowable about accounting system (ERP).
- Full knowledge of common cost systems.
- Analytical
- At least 4 years of experience.
- Very good command of English language.
- Males ONLY.
