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Senior Cost Accountant - Industrial
T&D DesignCairo, EG15 days ago
Job descriptionDevelop 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 & then monthly closing with the reconciliation entries. 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 . Administrate cost of importing plans and compare it with actual results to identify, explain, and highlight variances as appropriate. Liaise with warehouse staff and other internal teams to ensure products status upon delivery and storage conditions. Maintain stock analysis reports for warehouses. 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. Bachelor’s Degree in Accounting, finance or a related field. Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role in a manufacturing or production environment and having industrial costing experience is a must. Strong analytical skills with the ability to interpret complex financial data and perform cost analysis. In-depth understanding of Generally Accepted Accounting Principles (GAAP) Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables) Excellent analytical skills with an attention to detail Strong time management skills Integrity, with an ability to handle confidential information Experience in dealing with ERP accounting systems is a must. Ability to meet deadlines.
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Senior Accountant • Cairo, EG