Senior Costing Officer
AJA Pharma
مجموع سنوات الخبرة :10 years, 5 أشهر
Calculating cost of goods sold of products & sharing it with management for price determination.
To calculate Applied overhead through allocation of expenses to different cost centers.
Calculating material quantity variance through BOM & actual issuance.
Intimate management the cost effects of any change in manufacturing process or change in product design.
Create database for all information related to costing. Master data of item codes which includes details related to cost, category and other specifications.
Based on DNs received, perform costing procedure for Cost of Goods Sold reporting.
Secure hard copies for production reports completed. Batch Manufacturing Report (BMR) and Batch Packaging Report (BPR) from the Quality Assurance Department (QA).
Scrutinize completeness of reports received.
Any other task as assigned by management.
Monthly Accounts closing as per prevailing IFRS & company policies.
Preparation of Financial Statements on monthly basis.
Making monthly adjustments for various heads.
Reconciliation of Ledgers on monthly basis.
Provide data to Director Finance for budget preparation.
Comparing actual results with budgeted figures to see any variance.
Preparing and maintaining schedules for assets depreciation.
Ensure that local tax are fully complied including sales tax, Income tax.
Follow up for aged receivables balances and push sales persons for their recovery.
Ensure that there is proper book keeping of payroll, inventory, and others.
Letter of credit booking, payment and calculating imported raw material cost (LC opening charges, clearing charges, insurance charges, adhesive stamps, Taxes Freight & Final Payment).
Assisting External auditors in conducting annual audit.
Providing monthly purchasing reports for sales tax return submission.
Reviewing monthly bank reconciliation so that cheques should be cleared timely.
Any other task assigned by management.
Daily revenue management to ensure that it is properly recognized in respective heads under IAS 18.
Ensuring full compliance of accounts with policies & procedures issued by management.
Management of Finance, Accounting and reporting functions and ensure compliance with internal and regulatory requirement
Assist Management on all Financial Matters.
Annual budget preparation and submission to Director Finance for review and final submission.
Monthly review of budgeted figures to ensure that actual results meet the budgeted amounts.
Annual Capex budget preparation and submission to Director Finance for review and final submission.
Verify payments as per PO terms and conditions and fund availability.
To push purchase for procurement of Food & Beverages, General and Engineering items to meet operational needs and upcoming events.
Weekly meeting for recovery status of re
ceivables and push credit department to follow up old receivables more strictly.
Monthly accounts closing & sharing monthly financial package with management.
Monthly current accounts sharing and settlements (quarterly basis) with related parties.
Monthly management report preparation, review and sharing with management.
To review monthly payroll disbursements as per company policy and HR payroll sheets.
Transfer extra fund to Head Office so that it could be utilized for reducing markup on different facilities.
Review of monthly Income tax WH statement preparation & uploading on IRIS u/s 165.
Review of monthly sales tax return preparation and sharing it with tax consultant for final submission.
Supervising annual External Audit and semiannually internal audit.
Raising, booking & maintaining of CER (capital expenditure request).
To reconcile credit card transactions with MIS reports issued by bank on daily basis.
To deal with banks on any issue related to banking.
Recording of different invoices of suppliers as per company policy.
To ensure that payable invoices are properly approved by concerned department to verify items quantity and quality.
Payment to suppliers on the basis of Purchase order terms and conditions and funds availability.
Dispatching cheques to vendors and take proper acknowledgement of it.
To take follow up of un cleared cheques on behalf of suppliers to avoid them to be stale.
To solve any query raised by supplier in respect of payment.
Generate different reports with regards to account payable for management analysis.
Recording of different invoices of suppliers as per company policy.
To ensure that payments are made in accordance with IFRS and proper compliance with Tax Laws.
Posting of payable module entries in GL module after cross verifying entries in payable module at month end.
At month end making payment to FBR for withholding tax deducted in the month.
To upload Withholding tax statement on IRIS on monthly basis
Preparation of bank reconciliation statement on monthly basis.