1- Budget Preparation & Variance Analysis

• Collect historical cost data to develop annual budget estimates.
• Analyze variances between actual costs and forecasts, recommending corrective actions.
• Provide detailed reports to management on financial performance and budget adherence.
• Develop cost optimization strategies to enhance financial efficiency.

2- Inventory Monitoring & Control

• Track inventory levels and analyze storage-related costs.
• Conduct periodic stock audits to minimize discrepancies and waste.
• Coordinate with production and procurement teams to ensure optimal material availability.
• Enhance inventory management policies to reduce costs and improve efficiency.

3- Cost Systems Development & ERP Implementation

• Design and implement a comprehensive cost accounting system tailored to production projects.
• Input and analyze financial data within the ERP system for accuracy and reporting.
• Improve accounting processes related to cost tracking for better transparency.
• Train relevant teams on ERP cost accounting functionalities for seamless adoption.

4- Pricing Strategy & Cost Analysis 

• Develop accurate pricing models based on material costs, labor, and overhead expenses.
• Conduct profitability analysis for different project types and custom orders.
• Work closely with sales and marketing teams to ensure competitive and sustainable pricing.
• Monitor market trends to adjust pricing strategies accordingly.

5- Financial Reporting & Analysis

• Prepare monthly financial reports reflecting cost and inventory performance.
• Develop financial analysis tools to support strategic decision-making.
• Provide insights into project profitability and manufacturing efficiency.
• Optimize reporting processes using advanced financial analytics tools.