Costing Manager (Large Retail) - Cairo Egypt
Pillars -
Cairo, EgyptPosted 3 years ago215Applicants for1 open position
- 81Viewed
- 33In Consideration
- 6Not Selected
Job Details
Experience Needed:
Career Level:
Education Level:
Salary:
Job Categories:
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
Featured Jobs
Similar Jobs
- Accounting ManagerGlobal Academic Foundation Hosting University of Hertfordshire UH - New Capital, Cairo4 days ago