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Cost Accountant

10th of Ramadan City, Sharqia

Cost Accountant

10th of Ramadan City, SharqiaPosted 20 days ago
88Applicants for1 open position
  • 29Viewed
  • 22In Consideration
  • 44Not Selected

Job Details

Experience Needed:
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Job Description

  • Collect cost information and maintain an expenses database
  • Define cost centers and operation resources, and agree on the allocation method of the general expenses.
  • Coordinate with all managers to identify allocation basis of cost elements. 
  • Review and audit Bills of Materials (BOM) to ensure they reflect the latest manufacturing practices and all costs are adjusted correctly.
  • Analyze actual labor, material, and all overhead cost against Standard/Budget.
  • Implement and apply cost accounting policies and procedures as they are derived.
  • Assist in implementing ERP processes in costing and inventory management, prepare budgets and plans, and set policies and procedures for costing and inventory management.
  • Prepare and discuss all reports about the slow moving and non moving items on monthly/quarterly basis.
  • Assist in setting the budgets and plans by cost center, cost element and product.
  • Analyze the actual results versus the planned cost of each product and attribute the variances to the root cause.
  • Advise the management on the deviations and the root causes and recommend appropriate actions.
  • Prepare reports to assist in controlling materials and work in progress, finished products and obsolete materials.
  • Ensure that the Company’s finance resources are most effectively utilized through monitoring production costs.
  • Act as central point for any revision that may become necessary to the stock- taking procedures
  • Initiate and propose amendments to existing procedures to meet the continuously changing business needs.
  • Prepare (monthly, quarterly and annual) cost forecasts
  • Assisting in month-end and year-end closing

Job Requirements

  • University degree in accounting.
  • Post graduate studies will be an asset.
  • 2-3 Year experience in the Industrial & Manufacturing costing field.
  • ERP system experience is a must.
  • MS Office good user.

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