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Job Description
- Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor, and Analyzing data collected and recording results.
- Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
- Implements the day-to-day operations of the cost accounting function from management of unit costs to monthly close and analysis.
- Perform the monthly closing activities including preparation of the cost statement along with supporting analysis.
- Proactive analysis of variances and communication of issues and opportunities to the rest of Finance.
- Develop metrics and tracking system for major cost drivers.
- Implement policies and procedures for all cost accounting activities.
- Responsible for Inventory accounting and reporting.
- Coordinate physical inventory counts and cycle counts.
- Investigate cycle counting variances and resolve issues.
- Review standard and actual costs for inaccuracies.
- Validate the cost of goods sold as part of the month-end close.
- Accumulate and apply overhead costs as required by generally accepted accounting principles.
- Work with the materials review board to locate and dispose of obsolete inventory.
- Preparing new &various reports and analysis ordered by manager in high flexibility & creativity
- Work closely with the accounting team to ensure accurate financial reporting and decision support.
- Evaluate financial performance by comparing and analyzing actual results with plans and forecasts & perform variance analysis to make recommendations for improvements.
- Prepare monthly/quarterly/annual unit cost and profitability analysis for the Sector.
- Preparing Feasibility studies and evaluation for new projects & expansions
Job Requirements
- Bachelor’s degree in Accounting
- Strong analytical skills
- Ability to lead, motivate and support accounting team Strong communication skills .
- 5 - 8 years of experience in cost accounting .