Costing Accountant

Job Purpose

Functional Responsibilities

• 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-realizes 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

General Responsibilities

• HR Proficiency:
• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it.
• Delivery:
• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.
• Problem-Solving:
• Solve any related problems arise and escalate any complex operational issues.
• Quality:
• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.
• Business Process Improvements:
• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
• Compliance:
• Comply to related policy and procedures and work instructions.
• Health, Safety, and Environment:
• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Qualification

• Bachelor in Accounting and Finance

Experience

Skills

• Cost Accounting
• Cost Accounting Best Practices
• Cost Accounting Systems
• Cost Analysis
• Industrial Cost Analysis