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About Candidate
Cost Controlling and Analysis:
• Monitor and analyze the operational costs to ensure accuracy and efficiency of manufacturing processes. Identify cost-saving opportunities and recommend solutions to management.
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
• Analyze manufacturing/project costs and prepare regular reports comparing standard costs to actual production costs.
• Monitor and analyze factory-specific costs, such as raw materials, labor, and monthly overheads expenses, to identify areas for cost optimization.
• Cost controlling & monitoring all production departments regarding monthly estimated cost to actual cost. Record and report on daily basis.
• Making monthly up to date purchased average cost. and analyze the finished goods manufactured actual cost on monthly basis.
• Analyze variances between actual and budgeted costs and provide explanations for discrepancies.
• Plan and record variable costs (e.g. purchased of raw material and operations costs)
• Preparing costing and variations of monthly raw material purchased/sale and consumed.
• Analyzing the variances between the standard cost and the actual cost to identify reasons in collaboration with Operation managers.
• Strong hand on purchasing raw material, control the production process, analyze the wastage %age on daily basis.
Standard Costing
• Implement and maintain standard costing systems, conduct regular cost audits, and investigate discrepancies in cost allocations.
Budgeting and Forecasting:
• Assist in the preparation of annual budgets and forecasts for production/ site operations.
• Collaborate with cross-functional teams to gather relevant data and assumptions for budgeting purposes.
• Preparing & monitor actual performance against budget and provide regular variance analysis to management.
Inventory Management:
• Monitor inventory levels, including raw materials, work in progress, and finished goods, to ensure accurate costing and valuation.
Financial Reporting:
• Prepare monthly, quarterly, and annual financial reports for site operations in accordance with IFRS and local KSA regulations.
Provide financial analysis and insights to support decision-making.
• Ensure compliance with accounting standards and company policies.
• Prepare various financial reports from ERP and through spreadsheet to determine monthly expenditures, costs and other project data.
Financial Management:
• Manage and oversee financial transactions related to manufacturing operations.
• Ensure accurate cost accounting, including tracking production costs, inventory valuation and expense allocation.
Receivables Management:
• Collaborate with operations team to resolve billing discrepancies and disputes.
• Monitor accounts receivable aging and follow up on overdue invoices.
Collaboration
• Work closely with other departments, such as production, procurement, and sales, to understand cost drivers and provide financial insights for business decisions.
Month-End Close
Preparing with month-end closing procedures and reconciliations related to cost of goods sold, inventory, and other cost accounts.
Audit Performance:
• Completion of external and internal audits with minimal findings or required adjustments.
Salary
Nationality
Looking for Job Title
Iqama
Location
Education
MBA Accounting and Finance
Work & Experience
Cost Controlling and Analysis: • Monitor and analyze the operational costs to ensure accuracy and efficiency of manufacturing processes. Identify cost-saving opportunities and recommend solutions to management. • Analyze any changes in goods or services provided in order to determine what effect it has on the cost. • Analyze manufacturing/project costs and prepare regular reports comparing standard costs to actual production costs. • Monitor and analyze factory-specific costs, such as raw materials, labor, and monthly overheads expenses, to identify areas for cost optimization. • Cost controlling & monitoring all production departments regarding monthly estimated cost to actual cost. Record and report on daily basis. • Making monthly up to date purchased average cost. and analyze the finished goods manufactured actual cost on monthly basis. • Analyze variances between actual and budgeted costs and provide explanations for discrepancies. • Plan and record variable costs (e.g. purchased of raw material and operations costs) • Preparing costing and variations of monthly raw material purchased/sale and consumed. • Analyzing the variances between the standard cost and the actual cost to identify reasons in collaboration with Operation managers. • Strong hand on purchasing raw material, control the production process, analyze the wastage %age on daily basis. Standard Costing • Implement and maintain standard costing systems, conduct regular cost audits, and investigate discrepancies in cost allocations. Budgeting and Forecasting: • Assist in the preparation of annual budgets and forecasts for production/ site operations. • Collaborate with cross-functional teams to gather relevant data and assumptions for budgeting purposes. • Preparing & monitor actual performance against budget and provide regular variance analysis to management. Inventory Management: • Monitor inventory levels, including raw materials, work in progress, and finished goods, to ensure accurate costing and valuation. Financial Reporting: • Prepare monthly, quarterly, and annual financial reports for site operations in accordance with IFRS and local KSA regulations. Provide financial analysis and insights to support decision-making. • Ensure compliance with accounting standards and company policies. • Prepare various financial reports from ERP and through spreadsheet to determine monthly expenditures, costs and other project data. Financial Management: • Manage and oversee financial transactions related to manufacturing operations. • Ensure accurate cost accounting, including tracking production costs, inventory valuation and expense allocation. Receivables Management: • Collaborate with operations team to resolve billing discrepancies and disputes. • Monitor accounts receivable aging and follow up on overdue invoices. Collaboration • Work closely with other departments, such as production, procurement, and sales, to understand cost drivers and provide financial insights for business decisions. Month-End Close Preparing with month-end closing procedures and reconciliations related to cost of goods sold, inventory, and other cost accounts. Audit Performance: • Completion of external and internal audits with minimal findings or required adjustments.
Cost Controlling and Analysis: • Monitor and analyze the operational costs to ensure accuracy and efficiency of manufacturing processes. Identify cost-saving opportunities and recommend solutions to management. • Analyze any changes in goods or services provided in order to determine what effect it has on the cost. • Analyze manufacturing/project costs and prepare regular reports comparing standard costs to actual production costs. • Monitor and analyze factory-specific costs, such as raw materials, labor, and monthly overheads expenses, to identify areas for cost optimization. • Cost controlling & monitoring all production departments regarding monthly estimated cost to actual cost. Record and report on daily basis. • Making monthly up to date purchased average cost. and analyze the finished goods manufactured actual cost on monthly basis. • Analyze variances between actual and budgeted costs and provide explanations for discrepancies. • Plan and record variable costs (e.g. purchased of raw material and operations costs) • Preparing costing and variations of monthly raw material purchased/sale and consumed. • Analyzing the variances between the standard cost and the actual cost to identify reasons in collaboration with Operation managers. • Strong hand on purchasing raw material, control the production process, analyze the wastage %age on daily basis. Standard Costing • Implement and maintain standard costing systems, conduct regular cost audits, and investigate discrepancies in cost allocations. Budgeting and Forecasting: • Assist in the preparation of annual budgets and forecasts for production/ site operations. • Collaborate with cross-functional teams to gather relevant data and assumptions for budgeting purposes. • Preparing & monitor actual performance against budget and provide regular variance analysis to management. Inventory Management: • Monitor inventory levels, including raw materials, work in progress, and finished goods, to ensure accurate costing and valuation. Financial Reporting: • Prepare monthly, quarterly, and annual financial reports for site operations in accordance with IFRS and local KSA regulations. Provide financial analysis and insights to support decision-making. • Ensure compliance with accounting standards and company policies. • Prepare various financial reports from ERP and through spreadsheet to determine monthly expenditures, costs and other project data. Financial Management: • Manage and oversee financial transactions related to manufacturing operations. • Ensure accurate cost accounting, including tracking production costs, inventory valuation and expense allocation. Receivables Management: • Collaborate with operations team to resolve billing discrepancies and disputes. • Monitor accounts receivable aging and follow up on overdue invoices. Collaboration • Work closely with other departments, such as production, procurement, and sales, to understand cost drivers and provide financial insights for business decisions. Month-End Close Preparing with month-end closing procedures and reconciliations related to cost of goods sold, inventory, and other cost accounts. Audit Performance: • Completion of external and internal audits with minimal findings or required adjustments.


