Bayt.com
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Job Description

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.

Skills
  • Result Orientation.
  • Operational Awareness.
  • Building Networks.
  • Coaching & Mentoring.
  • Customer Centricity.

Technical Skills:
  • Hands-on experience with accounting software.
  • Excellent knowledge of Oracle system.
  • FMCG Experience is preferable (Food & Beverage).

Education
Bachelor's degree (B.A.) in Accounting, Finance, Business Administration or any related discipline.
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