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Costing Manager (Large Retail) - Cairo Egypt

Pillars
Cairo, Egypt
Posted 3 years ago
215Applicants for1 open position
  • 81Viewed
  • 33In Consideration
  • 6Not Selected
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Job Details

Experience Needed:
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Skills And Tools:

Job Description

  • To ensure that all inventory fixed asset acquisition are pre-approved and within budget; assets are recorded only upon full delivery and/or service received that match the specifications in the PO; fixed assets are properly depreciated over its useful life.

Responsibility:  Inventory Costing 

  • Accountability:   Ensure that Inventory purchases which are received by the requisitioner are posted accurately along with overhead allocation. Level of Responsibility

Daily Tasks:

  • Receive and review documents related to inventory shipments provided by purchasing and warehouse department, check the validity of documents and resolve any issues with the purchasing if necessary.
  • Review Pre-Pricing of inventory prior to posting by Purchasing – matching pro-forma invoice amount, validation of missing and shortages, compliance to standard brand margins,
  • Journal entry posting of inventory overhead invoice and cost allocation assignment per inventory shipment.
  • Review daily posting of inventory transfer in and out movement between shops and warehouse.
  • Random visits in warehouse to investigate and document inventory missing and shipment shortages

Monthly Tasks:

  • Journal entry posting of Inventory shipment receipt
  • Journal entry posting of Cost of Goods Sold, Damages, Missing Items and Promotions.
  • Reconciliation of ending inventory account GL versus SL balances.
  • Preparation of monthly inventory related reports:

Inventory movement summary

  • COGS performance analysis report per unit cost basis and sales mix.
  • Non-moving and slow-moving SKU’s per brand.
  • Define and update existing policies and procedures for all cost accounting and inventory activities.
  • Coordinate and lead the IT team on building and resolving cost accounting/cogs related system issues
  • Responsible for month-end close in cost accounting areas including review of related account reconciliations
  • Ability to interface with external or internal auditors and lead/assist in external audit reviews in cast accounting related aspects including Inventory valuations.
  • Take ownership in accounting or management related cost accounting projects as necessary.
  • Have practical in depth knowledge and able to build the inventory and cost accounting methodology in order to better align processes
  • Develop metrics and tracking system for major cost drivers in COGS
  • Responsible for overseeing monthly inventory and COGS analysis for reasonableness and accuracy with the ability to investigate and explain any issues to senior management
  • Responsible for Cost centers as per assigned from CFO

Responsibility:  CAPEX (Fixed Asset) Bookkeeping

  • Accountability:  Ensure that the fixed asset register is updated as to new asset addition or disposal; accurately compute monthly depreciation and amortization.Level of ResponsibilityFull

Daily Tasks: 

  • Identify all the monthly expenditures that should be capitalized into fixed asset. Determine also the department or location where the asset will be installed and used.
  • Journal entry posting of fixed asset acquisitions.
  • Journal entry posting of work in-progress for all on-going projects.
  • Fixed asset tagging for every asset acquired according by department and employee custodian.
  • Manually update Fixed Asset Register (in excel) for new acquisition of fixed assets, major refurbishing and repairs of existing tangible asset, disposal and sale of fixed assets.
  • Conduct random count of fixed asset for physical existence.

Monthly Tasks:

  • Match the G/L ledger balance against Fixed Asset Register (S/L) total for Fixed Asset and accumulated Depreciation account, reconcile both balance if difference is noted.
  • Perform and calculate monthly fixed asset depreciation and trade mark amortization only after reconciling the balance of G/L versus FAR.
  • Provide a monthly Fixed Asset Register report with an attached G/L balances to the Chief Accountant after posting the depreciation for the month.
  • Responsibility:  Consumables, Garments  & Services Purchasing
  • Accountability:  Procurement of materials, supplies and services needed by operations are obtained through canvassing and awarding the items with the best quality and the best lowest prices.

Daily Tasks: 

  • Receive purchase requisition request along with quotations of at least 2 or more suppliers.
  • Coordinate with the Internal Auditor in selecting the appropriate supplier in consideration with the cost price, quality, term of payment and lead time delivery.
  • Review of Purchase Order (PO) to supplier selected by Internal Audit. The PO must clearly describe the specification, quantity, unit cost, total amount, and cost center / department.
  • Secure the required approval of the PO based on the Company’s approval matrix. Budget control will be evaluated by Financial Analyst.
  • Coordinate with the Payable Accountant / Accounting Manager with regards to the required payment terms and supplier’s bank details.
  • Monitor status of all approved PO until such PO is fully served and delivered through the use of excel spread sheet log-book.
  • Maintain extensive filling system.

Job Requirements

  • At least 10 Years of Experience in Accounting - (Costing) 
  • Certification in Accounting is a plus (CMA/CFA) 
  • Strong Knowledge in 

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