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Senior Cost Accountant - Industr...

T&D Design
New Cairo, Cairo

Senior Cost Accountant - Industrial

New Cairo, CairoPosted 1 month ago
66Applicants for1 open position
  • 66Viewed
  • 9In Consideration
  • 0Not Selected

Job Details

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Job Description

Job Purpose: Increase profitability and effectiveness by maintaining optimal stock controlling and costing through tracking shipments, overseeing inventory audits, maintaining reports of purchasing, and pricing.

 

Job Specifications:

Duty 1. Industrial / Production Costing: -

  • Develop and maintain cost accounting system that ensures accurate costing.
  • Plan, study and collect data to determine direct & indirect costs of business activities, cost drives, cost pools such as raw materials (foreign & local), finished products, purchasing invoices, shipping documents, inventory stock, labor cost per product, overheads rate per product and other operations.
  • Set standard costs of manufactured goods, review and analyze standard versus actual costs to report any variances that might arise.
  • Ensure that the Bill Of Materials for each product are same as standard and then approve the release of raw materials of each job order.
  • Determine the Cost of Goods Sold per Product, Project & Sales Order and prepare a comparison of revenue versus cost.
  • Prepare costing reports & the monthly closing with the reconciliation entries.

Duty 2. Stock Controlling: -

  • Follow up on imported purchase orders and processes, ensure system is up to date with stock levels and note any discrepancies upon receipt of shipments.
  • Manage the local inventory system by processing change of prices and change of season transactions.
  • Manage and maintain the updated balance and database with materials and products inventory including stock profiles and stock locations.
  • Ensure incoming products are receipted and managed appropriately according to company’s procedures.
  • Administrate cost of importing plans and compare it with actual results to identify, explain, and highlight variances as appropriate.
  • Ensure accuracy of inventory counts, analyze results, book-to-physical reconciliations, investigate variances, and resolve issues through use of root-cause analysis.
  • Liaise with warehouse staff and other internal teams to ensure products status upon delivery and storage conditions.
  • Ensure proper implementation of policies and procedures for inventory transactions.
  • Enter purchase details (vendors’ information, invoices, and pricing) into internal databases.

Duty 3. Reporting: -

  • Maintain stock analysis reports for warehouses.
  • Provide routine management information on inventory performance.
  • Produce weekly reports to ensure key critical areas of the stock system are controlled and any discrepancies are addressed and resolved.
  • Generate regular reports and analyses on inventory performance, including stock turnover rates, carrying costs, and obsolete inventory provisions, and provide insights and recommendations to management.

Job Requirements

Core & Technical Competencies:

  • Excellent Financial Analysis & Auditing Skills.
  • Excellent Analytical Skills.
  • Excellent Detailed Oriented Skills.
  • Excellent Communication Skills.
  • Ability to meet deadlines.
  • High degree of accuracy.
  • Following up and problem-solving skills.

 

Other Requirements:

  • Bachelor’s Degree in Accounting- preferred English section.
  • Minimum 5 Years’ experience in same position is must .
  • Proven experience as a Cost Accountant, Must in a manufacturing or production environment.
  • Proven ability to calculate, post and manage accounting figures and financial records.
  • Experience in dealing with ERP accounting systems is a must.
  • Proficient user of Microsoft office specially Excel.
  • Excellent command of English written and spoken.

 

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JobsAccounting/FinanceSenior Cost Accountant - Industrial