The TenCate Thiolon Middle East LLC, UAE is Part of Royal Ten Cate Group, Netherlands; one of the oldest & most reputed groups in Europe, with a major manufacturing setup for producing artificial grass for any sports and landscaping surface, with trade activities across the world. The plant in Dubai is one of the largest with a production capacity of Kgs 30 million per year.
General Accounting functions :
•Senior member of the team that is responsible for all financial and fiscal management aspects of the company’s operations.
•Monthly preparation of financial reporting pack which includes Balance sheet, Profit and Loss, Cash Flow and major schedules under IFRS, to be reported to The Netherlands through COGNOS.
•Preparation of annual Budgets for the plant with the production capacity of 30 million kgs and annual revenues of approximately Aed 375 million with sales in all the major regions of the world.
•Forecasting the on a quarterly basis for the year, to aid strategic decision making.
•Preparation of Management Commentary for quarterly and yearly financial reporting, quarterly Forecasts and Annual Budgets; to interpret the financial position, financial performance and cash flows.
•Conduct review/analysis of monthly and other periodical management reports on revenues and expenditure for controls and to provide insight into the business to help management in making strategic decisions.
•Risk assessment and contingency analysis on product portfolios and identifying areas of potential risk to assets, working capital, earning capacity and overall business.
•Working across departments to enable joint decision making based upon financial data. Ensuring that the decision makers in the firm understand the financial implications of the missions they set for their company for any specific period.
•Coordinate the development and implementation of policies, systems, procedures and controls for various departments like sales, production, credit control and insurance, costing, etc.
•Monitoring and coordinating all banking activities involving trade services relating to import/export, treasury, factoring, and liaising with the relationship department.
•Analysis of monthly and cumulative variances from budget, identifying and reporting the same with reasons.
•Oversee and approve the processing of revenue and expenditures.
•Part of the ERP team that created formats of the source documents and reports to be generated, reviewed possible impacts of an activity in various modules relating to production and inventory, sales and debtors, costing and general ledger, and suggested types of in built controls within the ERP system.
•Establish and maintain appropriate internal control safeguards.
•Independently leading the team and interacting with the Auditors for the interim and final audits.
Cost Accounting and Inventory Management :
Maintaining full charge of all cost accounting functions for the entire manufacturing plant:
•Developing and maintaining actual and standard costs for the entire product portfolio.
•Performing comprehensive variance analysis and determining the root cause of each significant variance originating from purchase prices, material usage, direct labour, absorption and other variances.
•Performance and profitability analysis of the product categories and evaluation of the cost and related pricing.
•Contribution analysis and production planning for special orders.
•Monitor the Budgeted Overhead allocation to products based on machine hours.
•Coordinating and monitoring periodical stock checks, inventory reconciliations and aged inventory.
Capital Expenditure and Project Analysis :
•Breakeven analysis of production manufacturing lines with respect to each product category.
•Net Present Value and payback analysis for new Capital Investment decisions.
•Marginal analysis for new products introduced or for existing products approved for penetration of new markets or regions.
- Company industry:
- Industrial Production
- Job role:
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Accounting and Auditing
