Job Description

Purpose statement-Support the company in optimizing our cost transactions by cross-checking material consumption with the standard. Margin Analysis of the products on actual and standard thereby supporting the sales department to set product pricing. Ensuring controls on inventory by ensuring periodic/surprise inventory count is done and thereby can be insured. 

Duties & Responsibilities:

• Manages the preparation of monthly COGS & Overhead reports.

• Comply with monthly Group reporting requirements in terms of different operational and performance-related reports to be prepared compiled and submitted promptly, such as benchmark reporting & Precision Reporting. 

• Prepare annual COGS & Overhead reports for audit by external auditors timely and accurate.

• Monthly margin analysis report to be prepared and circulated at least a week before the margin committee meetings.

• Update on standard costing weekly based on the revised prices of the materials procured.

• Preparation of budget document and its presentation to the local management by November of each year for the next budget year. 

• Ad hoc reports to the management team from time to time on various areas to closely monitor them.

• Reviewing the Consumption of Raw Material & Packing material from standard consumption and advising the senior accountant for corrective measures.

• Investigating the production department in excess or under usage of material consumption and should be reported to the top management immediately. 

• Timely apportionment of Overhead expenses to the individual product.

• Analyze the overhead expenses including but not limited to repair & maintenance, fuel, labor, and other expenses based on individual cost centers, and identify the reason for such expenses.

• Verify the utility consumption and rate based on the standard consumption & rate.

• Cross-checking the payroll data and incorporating it into the SAP system.

• Preparing cost buildup sheet for import of products and its reconciliation (if any)

• Cross-checking Performa invoices with the inventory cost charged into SAP as and when there is a change in material prices.

• Cross-checking the classification of cost centers for all the material consumption and overheads to ensure costs are charged to the correct product SKU.

• Ensuring proper controls are in place for material issuance, consumption, and return to the warehouse and timely recording into the system.

• Conducting the inventory count each month identifying the variation from the system and physical and reporting to the senior management along with the reasons for variation by the 3rd of each month relating to the closing of the previous month.

• Checking stock movement periodically.

• Ensuring the Purchase Order & Sales Order are duly closed in the SAP system every week.

• Ensuring Production Orders are also closed timely in the SAP system.

• Surprise inventory count on different locations in a month.

• Closely monitors and ensures accurate and up-to-date accounts and financial records are maintained based on Company financial policy and procedure and a standardized procedure.

• Ensures that information on the financial status of the Company is readily at hand whenever required.