Job Description
Responsible for ensuring that the functionality and performance of the cost system meet both current and future business needs.
Key KPIs include:
- Periodic inventory review.
- Periodic closure and updates of projects.
- Updated costing sheet/project.
- Preparing monthly cost of sales figures by analyzing materials and direct expenses.
- Assisting the cost section head in preparing monthly journal entries for the cost of sales.
- Maintaining a weighted average cost inventory system and following the established valuation method.
- Assisting in the quarterly and year-end physical inventory process.
- Reviewing and auditing the costing system, including costs for purchased material inventory.
- Preparing a report for the cost section head and recommending necessary changes.
- Reviewing the costing of all inventory items.
- Analyzing inventory to ensure transactions are recorded accurately.
- Analyzing and reviewing inventory costing, verifying the reasonableness of standard and weighted average costs.
- Actively participating in the implementation of the company’s inventory cycle count program.
- Applying revenue recognition in coordination with IFRS 15.
- Allocating landed costs related to shipments.
- Assisting in the closing of financial statements.
- Reviewing work orders for accuracy and participating in implementing the company’s inventory cycle count, serving as an essential link between operations and accounting.
Personal Skills
- Good communication skills
- Excellent analytical skills
- Strong report writing skills
- People management skills
- Proficient in Microsoft Word and Excel
- Good command of English
Technical Skills
- A Bachelor’s degree in Commerce and a Post Graduate Certificate in Finance or Accounting are an asset.
- Knowledge of cost management concepts and terminologies.
- Experience in budget development and implementation.
- Strong understanding of International Financial Reporting Standards (IFRS).
- 2-3 years of experience in the finance or accounting field.