Senior Cost Accountant

3 weeks ago

Cairo, Egypt T&D Design Full time

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 companyâs 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 (vendorsâ 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.
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:Bachelorâs Degree in Accounting- preferred English section.Minimum 5 Yearsâ 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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