Group Costing Manager
Dhofar Food & Investment Co.
Total years of experience :17 years, 1 Months
Job Description in Management & Controlling Areas :-
To perform product costing, pricing, budgeting, variance analysis, raw material costing, cost benefits analysis.
To reconcile data for decision making purposes in the plant, in consultation with the corporate & plant finance team as & when required.
To understand the business processes and accordingly do the costing.
To maintain costing and budgeting reports for the plant.
Calculation of contribution of products.
Controlling BOM and Variable cost.
Product costing to determine cost.
Planning for cost efficiencies and managing the costs for improving margins.
Buy Vs. Make decisions.
Drive cost savings and efficiency at the plant with cross functional initiatives.
Analysis of product process and co-relate the same with related cost and prepare cost sheet.
Formulate a budgeting system and prepare or monitor budget Vs. actual costs.
Prepare & analyze customer / product / region wise profitability statements.
Preparing & monitoring various statements for the effective control over the segments performance.
Monthly costing reports of all the plants and comparisons with previous months.
Capex - new projects estimations co-ordination, preparation of budget vs. actuals in a periodical manner.
New projects - preparation of feasibility analysis, payback period, break even analysis.
Evaluation of capital expenditure proposals and ensure optimum asset utilization.
Job Description in Management & Controlling Areas :-
To ensure timely coordination and analysis of financial information including monthly financial results, budgeting.
To monitor budget v/s actual costs for the plant and report variance through MIS and discuss with the production team for the same to minimize the variance.
To perform valuation of inventory based on accounting standard.
Participate for price/contract negotiation together with purchasing team with vendors.
To ensure adherence to the costing guidelines for any costing decisions taken at the plant level during contract/rate negations.
Preparing and monitoring the various inventory analysis for the better control over working capital.
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Ageing analysis of the stock for the maintaining the inventory at the proper level.
Interact with internal and external auditors in completing audits.
Work with senior management to support development of business strategies.
Preparation of budgeting, financial reporting, forecasting functions and variance analysis, MIS.
Make recommendations for optimization of business opportunities and minimize risk/cost to the business.
To maintain costing and budgeting reports for the plant.
Ensure support to insurance team on coverage of all risks across the plant and coordinate for claims with local surveyor.
Job Description in Management & Controlling Areas :-
The actual manufacturing costs and prepares periodic reports comparing budget costs to actual production costs, this includes product analytics.
Monthly profitability reports plant wise, product wise, region wise, segment wise and at company level with proper analysis.
Maintaining the cost accounting records.
Evaluate and report actual vs planned outcomes of key strategic decisions.
Preparation of annual business plan, coordinating with all departments.
Identifying potentials cost control avenues with respect to materials, production, labor etc. and recommending various measures for improving bottom line performance.
Ensure company business requirements are met on time and to the required standards.
Provide financial analyses that derives strategic business decisions.
Formulating and implementing the costing, accounting and financial policies/procedures.
Profit planning / activity based costing/product costing/standard costing/marginal costing/process costing and inventory control.
Capex - new projects estimations co-ordination, preparation of Budget Vs. Actuals in a periodical manner.
New projects - preparation of Feasibility analysis, payback period, break even analysis.
Planning for cost efficiencies and managing the costs for improving margins.
Manage and obtain approval for all requests on capital expenditures and maintain controls on all plant processes within required budget and prepare reports to summarize all business activities.
Ensure costs, capex are within the approved budget.
Job Description in Management & Controlling Areas :-
Support in the annual business plan, forecast & actuals.
Establishment of cost data for existing and new products.
Cost Analysis - BOM analysis, Utility cost analysis, Capacity utilization, Idle time and Scrap analysis, Product wise Actual and Budgeting contribution analysis and major variance analysis.
Pricing - work for price quotation, cost settlement with vendors/contractor, fixation of price for domestic and export market.
Cost sheet and MIS cost sheet, Monthly consumption report.
To ensure the high level accuracy and timely submission of all MIS reports.
Maintenance of cost records as per prescribed by law.
Work closely with plant head, project team, commercial team at plant for strengthening internal financial controls and operating controls at plant.
Capex- new projects estimations co-ordination, preparation of budget vs actuals in a periodical manner.
New projects - preparation of feasibility analysis, payback period, break even analysis.
Preparing & monitoring various statements for the effective control over the segments performance.
Checking and maintaining the watch over the various expenses and intimating to the head of departments.
Buy Vs. Make decisions.
Drive cost savings and efficiency at the plant with cross functional cost initiatives.
Cost audit across the technical plants.
Projects economics for new projects and quote.
Job Description in Management & Controlling Areas :-
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Aging analysis of the stock for the maintain the inventory at the proper level.
Interact with internal and external auditors in completing audits.
Monthly costing reports of all the plants and comparison with previous months.
Prepare and report on cash flow statement of the plant.
Inventory management at the plants and actions on inventory ageing.
Fixed assets management at the plant.
Carry out physical verification / count of inventory on quarterly basis.
Identify all non-moving inventory and facilitate in reduction.
Purchase price analysis on monthly basis and report on the exception for actions.
Evaluation of capital expenditure proposals and ensure optimum asset utilization.
Cost And Management Accountant