Costing
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Job Location:
Monthly Salary:
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
- Standard Cost Maintenance: Establish and update standard costs for raw materials direct labor and manufacturing overhead within the company’s ERP system.
- Variance Analysis: Conduct regular analysis of production variances (material price labor efficiency and overhead spending) investigating root causes to identify operational inefficiencies.
- Inventory Valuation & Control: Monitor and reconcile inventory balances and perform cycle count audits to ensure records match actual stock.
- Month-End Close Support: Prepare timely and accurate journal entries and account reconciliations specifically related to the Cost of Goods Sold (COGS) and inventory sub-ledgers.
- Product Profitability Reporting: Analyze and report on gross profit margins by product category or department highlighting trends that impact overall business profitability.
- Bill of Materials (BOM) Review: Collaborate with engineering and production teams to verify the accuracy of BOMs and labor routings to prevent costing errors.
- Budgeting & Forecasting Support: Assist in preparing annual manufacturing budgets and periodic forecasts by providing historical cost data and analysis of future spending trends.
- Operational Process Improvement: Partner with plant management to identify waste and recommend cost-saving measures through process automation or structural changes.
- Audit & Compliance Liaison: Support internal and external audits by providing detailed cost schedules inventory documentation and ensuring compliance with GAAP or relevant local standards.
