Senior Cost Accountant

- Ensuring of receive all materials that included in PO & comparing material received in stores with material in PO as QTY & Value.
- Review all inventory transactions on ERP system and ensuring that all transaction that done on system actually posted to right cost centers & accounts.
- Assisting in month-end and year-end closing.
- Construct data accumulation systems.
- Provide profit margins report.
- Prepare report for cost manager and recommends changes. 
- Prepare monthly cost of sales figures by analyzing material and direct expenses.
- Prepare monthly journal entries for cost of sales and scrap.
- Determine fixed costs (e.g., salaries & rent).
- Record variable costs (e.g., purchases material & Projects operations costs).
- Identify and recommend cost-effective solutions.
- Reviews and audits the costing system including costs for purchased material inventory. 
- Review costing of all working process Inventories items.
- Review inventory costing, verify reasonableness of standard and weighted average cost.
- Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers.
- Item pricing with receiving documents.
- Allocate the landed cost which relates to shipment.
- Monitor the machines capacity to evaluate the industrial shortage.
- Manage the cost center.
- Indicate the cost driver.
- Estimate cost sheets for new product.
-Prepare cost and expenditure statements as calculating the direct and indirect cost of each machine and other necessary documentation at regular intervals for the duration of the project.