Job Details
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Job Description
- Perform month end close activities related to Cost Accounting
- Prepare actual vs. plan (budget) analysis.
- Prepare various financial analysis related to manufacturing costs, inventory, and expense information for various customers as needed for decision making support
- Set up new raw material, packaging, WIP, and FG items; create and maintain production BOMs; maintain periodic cost rolls/updates
- Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs. Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs
- Records cost information for use in controlling expenditures.
- Prepares estimates of new and proposed product or service costs.
- Recommends cost efficiencies in new product layouts.
- Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.
- Develop and maintain standard costs of finished goods and production components in ERP system.
- Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.
- Job order processing on daily basis.
- Conduct physical stock count to ensure the accuracy of stock entries closing on monthly and yearly basis.
- Conduct costing and issue the cost reports for the stock of raw materials, spare parts, utilities, transported goods, and manufactured goods on a monthly basis.
- Accurately calculate product costs
- Monitor, analyze ,and discuss production variances including PPV , MUV , and Volume mix ( absorption)
- Ensure the proper closing of the production entries on monthly basis.
- Audit the pricing of purchased raw materials and imported finished goods
- Analyze cost variances, when and if they occur, and report findings
- Analyze profitability of each item and each production line and develop the margin analysis report
- Prepare weekly and monthly production waste reports and Rework
- Analyze and report on possible and potential causes of waste in production, and weekly align with management
- Work closing with the marketing and supply chain on evaluating the financials of product innovation.
- Assess Go To Market model and work out channel profitability.
- Proactive analysis of production variances and communicate issues and opportunities to supply chain director.
- Development and maintenance of standard costs, price structures and intercompany pricing.
- Lead scenario modeling efforts for the development and growth of the portfolio.
- Influence decision making, identify finance priorities and validate ROI on business proposals (Marketing activities, Capital expenditure).
- Review trade offers and compare it to actual trade spending by month end
