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Cost Controlling Accountant

1.00 to 10.00 Years   Jeddah , Saudi Arabia   23 Mar, 2023
Basamh Industrial Co. Ltd.
1 Jobs Openings
Job LocationJeddah , Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryIndustrial Production
Functional AreaNot Mentioned

Job Description

ROLE SCOPE:Overseeing and analyzing cost expenditures and purchases within the organization. Review end-end business operations , record data, and make recommendations about cost-efficient and financially feasible cost options.KEY ACCOUNTABILITIES & ACTIVITIES˙(However, not limited to)

  • Prepare and consolidates annual budgets and business plans in coordination with the Company?s organization heads and other finance departments. Monitor the expenditure budget
  • Prepare monthly reports to the management and the shareholders as well as quarterly reports and presentations to the board.
  • Set-up of the budget and reporting process.
  • Conduct variation analysis and estimates. Challenge the business line on their submission and forecast to reduce costs.
  • Control Product Cost ? through analysis of the cost elements (Material ? Manpower ? depreciation and other manufacturing expenses. -From factory level down to product level, with alternative plans to ensure reaching the best product cost.
  • Enable management rapid decision-making based on accurate financial information in a timely manner.
  • Build capacity module to measure the capacity based on the produced items and suggest the proper mix forecast.
  • Measuring the capacity utilization and build the capacity forecast for the future period .
  • Support Product sales pricing.
  • Profitability reporting ( Factory level - -Customer ? product ? Sales order ? Channel ? Material Group )
  • Analyze and report material costs and usage including variances, analyses production variances and provides reporting and explanations.
  • Partnership with operations team to provide financial analysis and support to improve performance & productivity
  • Monitor internal processes of the finance and other operational departments, recommendation of changes to improve operations
  • Report to the management potential issues affecting expenses and cash flows & potential cost in the group
  • Review and examine financial statements before submitting to external auditors for review to ensure correctness and timeliness of reports

Keyskills :

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