The Assistant Vice President – Cost Accounting will directly report to the CEO and in his absence the CSO in liason with the CFO and is responsible for the Organization’s Financial Management System, Accounting procedures and report the annual accounts, expenditure and profit including dividends, if any and others. Calculating Consolidated Cost for financial and physical view. Monitor integrity of daily and monthly closing processes/jobs, including consolidated cost, release, inventory obsolescence and analysis and validation. The role also requires for future market capitalization as and when required by the Board of Directors to execute and administer such strategic changes.
ñ Plan, organize and direct all the activities of the cost accounting function
ñ Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by
ñ Manage day to day operations of the existing cost accounting function from management of current rates to monthly close and analysis
ñ Manage the transition from the existing cost environment to a new standard cost system
ñ Identify, hire and develop in-plant cost accountants
ñ Proactive analysis of variances and communication of issues and opportunities to Leadership team
ñ Develop metrics and tracking system for major cost drivers
ñ Assist in month-end closing, prepare journal entries as necessary, and analyze
inventory evaluation, inventory roll forward.
ñ Coordinate with IT department for system issues, maintenance and development.
ñ Financial Dashboard development and maintenance
ñ Analyze cost accounting data and assist with cycle count/physical inventories.
ñ Maintain internal control documentation and test internal controls.
ñ Compare actual costs to estimates and analyze variances.
ñ Analyzes and monitors raw material inventory.
ñ Monitor and maintain inventory costs integrity on a timely basis.
ñ Prepare detailed account analysis and reconcile cost and inventory liability
ñ Review and analyze inventory and margin reports, conduct research and perform
analytical studies in regards to cost analyses and profitability.
ñ Close jobs in a timely manner.
ñ Work in special projects as required.
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