Job Description
Costing
Product Costing:
- Calculate and monitor product cost (weighted average cost).
- Ensure cost accuracy and update regularly in the system.
- Analyze cost variance and provide insights into price deviations.
Budgeting & Forecasting:
- Assist in preparing cost budgets and forecasts.
- Monitor and control expenses to ensure adherence to budgets.
Process Improvements
- Identify inefficiencies in the costing process and recommend improvements.
- Collaborate with cross-functional teams to optimize cost structures.
Reporting
- Prepare detailed costing reports for management review.
- Provide cost breakdowns and profitability analysis for decision-making.
Stock Control
Inventory Monitoring
- Maintain accurate stock levels and perform regular reconciliations.
- Investigate discrepancies in inventory and recommend corrective actions.
Stock Valuation
- Perform periodic stock valuations in compliance with company policies and accounting standards.
- Ensure proper categorization of inventory
Cycle Counting & Physical Stock
- Plan and execute regular cycle counts and annual physical stock takes.
- Document and resolve stock variances and liaise with warehouse teams for accuracy.
Inventory Aging and Expiry Management:
- Track aging inventory to minimize obsolescence and write-offs.
- Implement measures to control inventory expiry and slow-moving items.
Systems and Documentation
- Ensure all stock movements are recorded accurately in ERP or inventory management systems.
- Maintain and audit inventory documentation, including Goods Received Notes (GRNs), stock transfer records, and stock issuance documents.
Collaboration
Cross-Departmental Coordination
- Work closely with MD, Demand Planner and Warehouse teams to ensure smooth material and inventory flow.
- Partner with Accounting to ensure alignment of costing and stock valuation methods.
Compliance & Reporting:
- Ensure compliance with internal controls, company policies, and applicable accounting standards.
- Provide reports and insights for financial audits or external reviews.
Requirements
- Bachelor’s degree in Accounting, Finance, Supply Chain Management, or a related field.
- Minimum 3-5 years of experience in costing, inventory control, or related roles.
- Experience in manufacturing, FMCG, or retail sectors is preferred.
- Proficiency in inventory and costing systems (Oracle Netsuite, or other ERP systems).
- Advanced Excel skills for data analysis and reporting.
- Knowledge of accounting standards related to PSAK 14 (Inventory) PSAK 1 (Presentation of FS), PSAK 48 (Impairment Asset), PSAK 72 (Revenue from contract with Customers)
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Good communication and interpersonal skills for cross-functional collaboration.
- Professional certifications such as CA, CMA or equivalent are a plus.
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