Requisition ID: 13652City: ((location_obj))Group Overview:Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.alfanar is involved in:Electrical, Electromechanical and Civil Engineering ConstructionManufacturing and Marketing Electrical Construction ProductsAllied Engineering ServicesOur Main Divisions:alfanar electricalfanar Constructionalfanar Building SystemsJob PurposeThis position exists to oversee and analyze cost expenditures and purchases efficiently, in a timely manner and quality standards as per the defined policies and procedures to achieve departmental operational plans and developments within a wider scope.Key Accountability AreasActual Costing:Monthly Coordination with production to finalize all actual activities & Closing ordersMonthly Checking all actual data posted by production & make required adjustment if required.Monthly Processing period end closing & posting (WIP, Variances, Un-realized cost, etc.)Monthly posting all costing entries & provisions.Monthly Checking & Analyzing for the result of period end closing.Monthly checking expenses & make adjustment if requiredMonthly Settlement for investment internal orders to AUC & Cost centerDesign and updating distribution cycle to allocate service & General cost center costsGeneral Problem Solving For Costing Issues, Supervising, Supporting, etc.Standard Costing:Preparing planned costing data with agreed plant activityEnter standard cost & standard plant activity in the system and calculate the rate.Maintain & Updating activities rate for production work centersRegularly 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 correctionRegularly Release the cost for related items.Costing & Controlling Analysis:Analyze WIP & provide justification for major orders.Analyze Un-realized cost & provide justification for major ordersIdentify and analyzing production, purchasing, and inventory variancesControlling on actual time posted by comparing with routing & making proper reporting to management.Preparing master consumption report with proper adjustmentsControlling on actual consumption & monitoring irregularities cost for material & reporting to managementMonthly 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 analysisPreparing best estimation costing reports.Role AccountabilityAcademic Qualification:Bachelor Degree in Accounting and FinanceWork Experience:2 to 5 YearsTechnical / Functional Competencies:Cost AccountingCost Accounting Best PracticesCost Accounting SystemsCost AnalysisIndustrial Cost Analysis
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