Prepare detailed financial reports and presentations, offering comprehensive insights into cost performance, budget compliance, and strategic financial planning for decision-making purposes.
Generate detailed financial reports and presentations, providing comprehensive insights into cost performance, budget adherence, and strategic financial planning to support decision-making.
As a Cost Controller, your primary focus will be on formulating and executing cost control measures to enhance overall fiscal efficiency.
Skills
To assist and advice senior management with the following costing techniques:
Absorption (Fixed & variable costs) and marginal costing (Variable costs)
Activity based costing (ABC) - Assigns costs to the activities that are the real cause of the overhead and then assigns the cost of those activities only to the products that are actually demanding the activities.
Throughput and period costing – Under throughput costing, only direct materials are recorded as inventory costs while all other manufacturing costs (including direct labor and variable factory overhead) are expensed as period costs. Selling and administrative costs are expensed as period costs as well.
To ensure that cost data is allocated correctly, and preparation and analysis of cost reports are in accordance with the standard operating procedures.
To review and analyze inventory and margin reports, conduct research, and perform analytical studies in regard to cost analyses and profitability.
To provide support and assistance for internal department reporting requirements such as audit schedules, tax schedules and others.
To assist senior management in planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
To keep, always, fully updated reconciliation file of finished goods inventories and perform related accounting entries.
To coordinate physical inventory counts and cycle counts.
To assist in establishing and implementing inventory policies and procedures and assisting in the improvement of internal controls related to inventory.
To be able to understand different types of inventory methods such as the average cost method; and first- in, first-out (FIFO) and assist in choosing the best method for AGH
To be able to understand what constitutes in the costs of purchase, costs of conversion of inventories and other costs incurred in bringing the inventories to present condition and location.
To perform periodic physical stock checks/counts at all sites and highlight variances to the management.
To coordinate with Operations all product costs are properly taken in the cost of sales and inventory costs.
To ensure that finished goods sent to the customers are matched with the actual invoices issued to the customers in the ERP system.
To coordinate with operation team to implement and safeguard control systems to reduce damage, breakage, and inventory obsolescence.
To coordinate with operations and ensure that, at all times, inventory is being measured at lower of costs and net realizable value (NRV)
To ensure that the carrying amount of inventories (when inventories are sold) are being recognized as an expense in the period in which the related revenue is recognized;
To assist finance in the preparation of detailed list of carrying amount of inventories – fair value less cost to sell.
AGH is the owner/operator of multiple restaurant brands within the KSA in areas such as Riyadh, Khobar, Dammam, and more.
Fast growing, fun, live and loveable are traits that describe AGH restaurants, thanks to our team who's growing daily.
