About the role
- Production Cost Analysis: Calculate and analyze the actual cost of production (finished goods and work-in-progress) by tracking raw materials, direct labor, and manufacturing overhead (MOH). - Standard Costing Management: Establish, maintain, and periodically update standard costs for all products and components. - Variance Analysis: Identify and analyze differences between standard costs and actual costs. Investigate causes such as material waste, purchase price fluctuations, or production inefficiencies, and recommend corrective actions. - Inventory Control & Reconciliation: Monitor inventory movements (raw materials, packaging, and finished goods). Reconcile book balances with physical counts and lead periodic and annual physical inventory audits. - Scrap and Waste Monitoring: Track production scrap, waste, and spoilage rates to ensure they remain within allowable limits and report any abnormal losses. - Profitability and Break-Even Analysis: Evaluate the profitability of specific products and production lines and calculate break-even points to guide sales and pricing strategies. - Budgeting and Forecasting: Actively participate in preparing the factory’s annual budget and monthly forecasts, ensuring accurate cost projections. - Financial Reporting: Prepare weekly and monthly cost reports for corporate finance and plant management, providing clear insights and cost-saving recommendations.
Requirements
Requirements
- Work Experience
- 5-6 years of relevant experience in cost accounting within a manufacturing environment. - Hands-on experience calculating production costs and managing standard costing. - Proven experience in cost variance analysis, inventory reconciliation, and manufacturing cost control. - Experience preparing cost reports, budgets, and profitability analyses.
- Technical Skills
- Strong knowledge of manufacturing cost accounting, including raw materials, direct labor, and manufacturing overhead. - Advanced proficiency in Microsoft Excel, including formulas, Pivot Tables, data analysis, and cost reporting. - Practical experience using ERP systems such as SAP, Oracle, or Odoo. - Odoo experience is highly preferred, particularly in manufacturing, inventory management, and cost accounting modules.
- Key Competencies
- Strong analytical and numerical skills. - High attention to detail and accuracy. - Good problem-solving and investigation skills. - Ability to identify cost-saving opportunities and recommend corrective actions. - Effective communication and coordination with finance, production, procurement, and warehouse teams. - Ability to meet reporting deadlines and manage multiple tasks efficiently.
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