Job Description
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Raya Foods; one of Raya’s subsidiaries, is hiring a Senior specialist costing.
What will you do:
- Perform month end close activities related to Cost Accounting.
- Prepares estimates of new and proposed product cost.
- Participate in stock counting process.
- Conduct Monthly Reports for Inventory ex. (Ending inventory, physical count, requested goods.
- Manage purchasing Prices for incoming raw material, equipment, services, and supplies.
- Ensure that all production costs are properly taken in the cost of sales and inventory costs.
- Analyzing the overhead costs and variable costs of the company to ensure smooth accountancy.
- Commit to maximizing efficiency at all levels without compromising quality.
- Review standard and actual costs for inaccuracies and analysing the variances.
- Validate the cost of goods sold as part of the month-end close.
- Analyze overhead and variable costs to identify trends, variances, and opportunities for cost savings.
- Regularly review and compare standard costs versus actual costs, investigating any discrepancies and reporting on variances.
- Work with management to implement cost-saving initiatives and process improvements without compromising product quality or operational efficiency.
- Ensure all costs are accurately included in the cost of sales and inventory valuations.
- Generate monthly reports on cost accounting activities, including inventory reports, cost breakdowns, and variance analyses.
- Provide recommendations based on cost analysis to support decision-making processes across departments.
- Ensure adherence to accounting principles, internal controls, and company policies.
