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Job Description
- Define policies and procedures for all cost accounting activities.
- Plan, organize, and direct all the activities of the cost accounting function.
- Identify and develop in-plant cost concepts for all departments.
- Manage day-to-day operations of the existing cost accounting function from the management of current rates to monthly close and analysis.
- Perform the monthly closing activities including preparation of the cost to operate statement along with supporting analysis and taking corrective actions.
- Development and maintenance of standard costs.
- Develop metrics and tracking systems for major cost drivers.
- Calculating the cost of the products according to the process costing system.
- Stock control and assuring compliance with procedures, identify the reorder point.
- Report on a breakeven point upon management request.
- Preparing the factory losses reports based on zero losses from one side and vs. budget losses from the other side and analyzing the losses reasons to formulation, price, and process effect.
- Following up the actual recipes for the products on daily basis and comparing them with the STD recipes and the budget recipes to do more control on the formulation effect.
- Preparing machines' performance reports to measure the efficiency and analyzing the reasons for a stoppage like a scrape, maintenance, production stopping and change over.
- Reconcile the variance between standard overheads cost and actual cost and variances allocation.
- Reviewing all the production orders cost on weekly basis and allocate the actual consumption of raw and packaging material per job order on the ERP system.
- Reviewing the bill of material (BOM) on the ERP system.
- Following up the (WIP) work in progress on daily basis.
- Preparing the monthly rolling forecast for the factory industrial result for 3 coming months.
Job Requirements
- Degree qualified in Accounting or similar.
- 10-15 years experience, minimum 5 years’ experience in similar roles.
- Good knowledge of the Manufacturing industry
- Knowledge of best cost estimation practices,Cost management Tools
- Excellent communicator verbally and in writing
- Must have analytical skills.
- Worked on the ERP Systems
