Requisition ID: 13652
City: ((location_obj))
Group Overview:
Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.
alfanar is involved in:
- Electrical, Electromechanical and Civil Engineering Construction
- Manufacturing and Marketing Electrical Construction Products
- Allied Engineering Services
Our Main Divisions: - alfanar electric
- alfanar Construction
- alfanar Building Systems
Job Purpose This position exists to oversee and analyze cost expenditures and purchases efficiently, in a timely manner and quality standards as per the defined policies and procedures to achieve departmental operational plans and developments within a wider scope.
Key Accountability Areas Actual Costing: - Monthly Coordination with production to finalize all actual activities & Closing orders
- Monthly Checking all actual data posted by production & make required adjustment if required.
- Monthly Processing period end closing & posting (WIP, Variances, Un-realized cost, etc.)
- Monthly posting all costing entries & provisions.
- Monthly Checking & Analyzing for the result of period end closing.
- Monthly checking expenses & make adjustment if required
- Monthly Settlement for investment internal orders to AUC & Cost center
- Design and updating distribution cycle to allocate service & General cost center costs
- General Problem Solving For Costing Issues, Supervising, Supporting, etc.
Standard Costing: - Preparing planned costing data with agreed plant activity
- Enter standard cost & standard plant activity in the system and calculate the rate.
- Maintain & Updating activities rate for production work centers
- Regularly Check & adjusting materials master.
- Regularly Check master data (BOM & Routing) & inform planning to make required adjustment.
- Material Costing run, to calculate planned cost.
- Maintain production orders overhead percentage.
- Upload overhead costs to production orders based on that maintained percentage.
- Regularly Analyzing cost for items & coordinating with planning for any correction
- Regularly Release the cost for related items.
Costing & Controlling Analysis: - Analyze WIP & provide justification for major orders.
- Analyze Un-realized cost & provide justification for major orders
- Identify and analyzing production, purchasing, and inventory variances
- Controlling on actual time posted by comparing with routing & making proper reporting to management.
- Preparing master consumption report with proper adjustments
- Controlling on actual consumption & monitoring irregularities cost for material & reporting to management
Monthly Controlling ORM & Financial Reports: - Monthly preparation of consumption & production masters.
- Monthly preparation of costing statement per product type.
- Prepares special costing reports.
- Monitoring actual vs. budget & standard costing reports & variance analysis
- Preparing best estimation costing reports.
Role Accountability Academic Qualification: Bachelor Degree in Accounting and Finance
Work Experience: 2 to 5 Years
Technical / Functional Competencies: Cost Accounting
Cost Accounting Best Practices
Cost Accounting Systems
Cost Analysis
Industrial Cost Analysis#J-18808-Ljbffr
