Posted: 05 Jun 2021

Location: Kuwait

Leading manufacturing company is looking to add on a Finance manager with Costing back ground. This position reports to GM/CEO, and will be responsible for all Cost Accounting activities including maintaining the inventory accounting system, applying principles of cost accounting, recommending improvements in production and implementing approved recommendations. This position is also responsible for collecting outstanding payment from customers with time frame, developing, interpreting and analyzing complex financial and accounting concepts.

Responsibilities:
• Review and analyze financial information related to COGS, Gross Margin and Inventory to determine present and future financial performance, including evaluating Product Line Gross Margin results
• Prepare cost accounting, inventory entries, reconciliations, variance analysis, margin analysis, reserve review, audit support, and reporting for monthly and quarterly closes,
• Assist in preparing manufacturing budgets and forecasts.
• Interact with Production Control to ensure Bills of Materials (BOM) are accurate and up to date. Review and audit BOM’s and Recipes to ensure they reflect the latest manufacturing practices.
• Research variances and discrepancies as needed on BOMs. Broadcast results. Recommend improvements to the process to reduce variances from standard cost to actual.
• Responsible for coordinating the local plant budgeting process for COGS expenses.
• Prepares, reports actual vs. budget results on monthly and quarterly presentations. • Prepares and maintains all month end, program related general ledger account reconciliations.
• Verifies and finalizes monthly staff Payroll, Leave Salary, Indemnity, Overtime, Commissions and Benefits.
• Reviews financial statements and handles banking and cash flow management.
• Supervise staff in the Accounts Department for timely preparation and submission of accounting information for the purpose of quarterly review, audit of financial statements and providing financial information to the management as requested.
• Provides information and financial advice for planning, forecasting and budget.

Qualifications:
• Bachelor’s degree in accounting, finance or related discipline. CPA ,CA,ICWAI,CMA or MBA a plus
• At least 6-8 years’ experience in accounting, in particular 4 years in cost accounting experience in manufacturing company
• Proficient in financial ERP software
• Requires strong oral and written communications skills, computer literacy and professional presentation.
• Strong analytical skills
• Solid knowledge of accounting principles, practices, and financial reporting
• Work requires willingness to work a flexible schedule when necessary

Kindly send your Resume to [email protected]

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