Full Time
Cairo
Posted 4 weeks ago
Pillars Recruitment

Vacancy : Costing Manager- (Large Retail)

Job Summary

To ensure that all inventory fixed asset acquisition are pre-approved and within budget; assets are recorded only upon full delivery and/or service received that match the specifications in the PO; fixed assets are properly depreciated over its useful life.

Inventory Costing

Accountability:   Ensure that Inventory purchases which are received by the requisitioner are posted accurately along with overhead allocation. Level of Responsibility

Daily Tasks:

  • Receive and review documents related to inventory shipments provided by purchasing and warehouse department, check the validity of documents and resolve any issues with the purchasing if necessary.
  • Review Pre-Pricing of inventory prior to posting by Purchasing – matching pro-forma invoice amount, validation of missing and shortages, compliance to standard brand margins,
  • Journal entry posting of inventory overhead invoice and cost allocation assignment per inventory shipment.
  • Review daily posting of inventory transfer in and out movement between shops and warehouse.
  • Random visits in warehouse to investigate and document inventory missing and shipment shortages.

Monthly Tasks:

  • Journal entry posting of Inventory shipment receipt
  • Journal entry posting of Cost of Goods Sold, Damages, Missing Items and Promotions.
  • Reconciliation of ending inventory account GL versus SL balances.
  • Preparation of monthly inventory related reports:

Inventory movement summary

  • COGS performance analysis report per unit cost basis and sales mix.
  • Non-moving and slow-moving SKU’s per brand.
  • Define and update existing policies and procedures for all cost accounting and inventory activities.
  • Coordinate and lead the IT team on building and resolving cost accounting/cogs related system issues
  • Responsible for month-end close in cost accounting areas including review of related account reconciliations
  • Ability to interface with external or internal auditors and lead/assist in external audit reviews in cast accounting related aspects including Inventory valuations.
  • Take ownership in accounting or management related cost accounting projects as necessary.
  • Have practical in depth knowledge and able to build the inventory and cost accounting methodology in order to better align processes
  • Develop metrics and tracking system for major cost drivers in COGS
  • Responsible for overseeing monthly inventory and COGS analysis for reasonableness and accuracy with the ability to investigate and explain any issues to senior management
  • Responsible for Cost centers as per assigned from CFO

Responsibility: CAPEX (Fixed Asset) Bookkeeping

  • Accountability: Ensure that the fixed asset register is updated as to new asset addition or disposal; accurately compute monthly depreciation and amortization.
  • Daily Tasks:
  • Identify all the monthly expenditures that should be capitalized into fixed asset. Determine also the department or location where the asset will be installed and used.
  • Journal entry posting of fixed asset acquisitions.
  • Journal entry posting of work in-progress for all on-going projects.
  • Fixed asset tagging for every asset acquired according by department and employee custodian.
  • Manually update Fixed Asset Register (in excel) for new acquisition of fixed assets, major refurbishing and repairs of existing tangible asset, disposal and sale of fixed assets.
  • Conduct random count of fixed asset for physical existence.

Monthly Tasks:

  • Match the G/L ledger balance against Fixed Asset Register (S/L) total for Fixed Asset and accumulated Depreciation account, reconcile both balance if difference is noted.
  • Perform and calculate monthly fixed asset depreciation and trade mark amortization only after reconciling the balance of G/L versus FAR.
  • Provide a monthly Fixed Asset Register report with an attached G/L balances to the Chief Accountant after posting the depreciation for the month.
  • Responsibility: Consumables, Garments  & Services Purchasing
  • Accountability: Procurement of materials, supplies and services needed by operations are obtained through canvassing and awarding the items with the best quality and the best lowest prices.

Daily Tasks:

  • Receive purchase requisition request along with quotations of at least 2 or more suppliers.
  • Coordinate with the Internal Auditor in selecting the appropriate supplier in consideration with the cost price, quality, term of payment and lead time delivery.
  • Review of Purchase Order (PO) to supplier selected by Internal Audit. The PO must clearly describe the specification, quantity, unit cost, total amount, and cost center / department.
  • Secure the required approval of the PO based on the Company’s approval matrix. Budget control will be evaluated by Financial Analyst.
  • Coordinate with the Payable Accountant / Accounting Manager with regards to the required payment terms and supplier’s bank details.
  • Monitor status of all approved PO until such PO is fully served and delivered through the use of excel spread sheet log-book.
  • Maintain extensive filling system.

Key Responsibilities

Responsibilities

  • Plan and coordinate all installations (telecommunications, heat, electricity etc.) and refurbishments Solving Major Engineering & Work’s Problems
  • Manage the upkeep of equipment and supplies to meet health and safety standards
  • Inspect buildings’ structures to determine the need for repairs or renovations
  • Review utilities consumption and strive to minimize costs
  • Supervise all staff facilities staff (custodians, technicians, groundskeepers etc.) and external contractors
  • Control activities like parking space allocation, waste disposal, building security etc.
  • Allocate office space according to needs
  • Handle insurance plans and service contracts
  • Keep financial and non-financial records
  • Perform analysis and forecasting
  • Head of the following Section’s Heads Construction Section for all new expansions Facilities  Management for all Existing Branches Real State (New Location  & Contract Renewal) Volume of work 
  • Developping Yearly Business Plan
  • Budgeting & Cash Flow
  • Reporting System & Work Process
  • Assigning  Contractors Review  and  approve all invoices
  • Planning  & Follow up all Job  Tasks VS. Yearly Business Plan
  • Held Periodical Meeting  with Subordinate and  Attend all Top Management Meetings & Present all Updates

Reports to– CFO

Other Vacancies

proven Experience in Managing Production Lines
Experience in Food production
Experience at Least 6 years in Food Ideally to be in Meat , Poultry , or Fish
HACP and ISO Experience is a plus

Our Partners:
Solvochem
Continental
Vinavil
Smash Management
Pierre Fabre
IDH
ETTC
Le saffre
Masria Cards
Ameron Egypt
Bedaya Packing
Medica Middle East
Foam Industries Egypt
US Dairy Export Council
Total
HSBC
Post for Systems
Sedra
Maadi Narmer School
Raya
Sarie El-Din & Partners
Integrated Smart Solutions
A.T.LEASE
EG Med
Lokma Group
SkyWalk
Danisco
Roche
Total
Egypt Bakery Stores
Orrani Consulting
Petromin
Mapei
EGY Serv
Bel Group
WAW Designs
BI technologies
ARB Bearings
DOTT SERVICES
Arkas Shipping
CATEC Egypt
Dairiconcepts
Dejavu
Dupont
Narmer American College in Egypt
Al Mashata Beauty Center & SPA
New Genration School
Radical Minds
Quest
Youssef-Allam-Group
Etisalat

Job Features

Job CategoryFinance - Accounting
Job LevelSenior Managers , Directors & Executives
LocationCairo
FunctionFinance
Reporting toCFO

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