Posted
Ref: MP985-27
Job description / Role
Our client is leading manufacturing holding based in Jeddah, Saudi Arabia. They are seeking to appoint qualified cost supervisor who will be responsible for performing cost analyses and preparing budget reports using SAP S/4HANA software.
• The role involves extensive use of SAP's advanced analytics and database systems to track and control costs, optimize profitability, and make strategic financial decisions.
• Reporting to the CFO, the job holder shall be responsible for providing guidance and assistance to various cost canters to plan and generate the required data to design and operate an appropriate costing system.
• Record cost information for use in controlling expenditures and help establish cost standards for products and services.
• Evaluate the Bill of Material (BOM) for each product.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Review and evaluate routing for each product.
• Make settlement of production orders on timely basis to calculate the actual variance.
• Provide management with detailed reports for use in making business decisions and controlling expenditures.
• Calculate revised activity rates as per the new budget and forecasts.
• Evaluate the cost of sales and the Gross profit every month for each product line.
• Prepare customer profitability, order profitability, and product profitability.
• Assist in audits and general ledger preparation by analyzing and reconciling accounts.
• Collaborate with various departments to accumulate cost data and prepare budgetary plans.
• Analyze changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
• Recommend cost efficiencies and initiate corrective actions to resolve cost discrepancies.
• Assist with monthly and year-end close processes, ensuring compliance with accounting standards.
• Develop and maintain internal control documentation for cost accounting procedures.
• Create and review cost records and entries, including cost allocation, overhead, and inventory valuation
Requirements:
The right candidate is:
• Has a degree in accounting, finance or any related field
• Has either CMA or CPA certifications
• Experienced in cost accounting, cost analyst
• Hands-on in using SAP S/4 HANA
• Possess excellent data analysis
• Possess strong knowledge in accounting principles and cost-accounting standards
• Strong proficiency in MS Office in particular Excel
About the Company
Elbait is a boutique type of executive search & recruitment management consulting firm based in Dubai. The unique understanding about the market needs, cultural awareness and professionalism enable the firm to offer its services to diversified portfolio of clients that operates in the ME region. Elbait is committed to seek the most suitable professionals on international, regional as well as national basis.
Elbait committed to have well-defined partnership with Clients to meet their talent acquisition and executive needs on both Practice and Function basis. In addition, it committed to ensure remarkable contribution to the welfare of Stake-holders, Clients and Job-seekers.
Industries: - FMCG, Consumer goods & retail - Construction, Engineering, Oil & Gas, infrastructure (technical & non-technical) - Automotive - Property Management & Real- Estate
Functions across industries (other than above): - Sales & Marketing - HR & IT - Finance & Accounting
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