Cost Management and Financial Analysis:

• Implement an Activity-Based Costing (ABC) system to ensure accurate cost allocation.
• Prepare estimated budgets for cost components, including materials, wages, and industrial expenses.
• Monitor actual costs, analyze variances, and recommend corrective actions.
• Conduct analytical studies, such as break-even analysis, profitability margins, and feasibility analysis for expansion.
• Monitor and control raw material consumption to reduce waste and spoilage.
• Prepare and analyze the cost of goods sold (COGS) and new product costs.
• Identify unutilized capacity and analyze its causes to improve operational efficiency.
• Perform variance analysis for direct materials, direct labor, and variable and fixed costs.
• Implement Cost-Volume-Profit (CVP) analysis to support pricing and profitability decisions.
• Determine the total cost of imported materials and the cost per direct labor hour.
• Prepare industrial cost studies and apply appropriate loading rates.
• Verify the cost of goods sold as part of monthly closing procedures.

Budget and Financial Planning:

• Prepare and monitor the master and flexible budgets.
• Oversee the budget preparation process and guide the budget control team.
• Support investment decisions by preparing capital budget evaluation models.
• Prepare income statements by product line, operational unit, and product group.
• Analyze financial statements and ratios, and provide recommendations to senior management.

Inventory and Procurement Control:

• Monitor inventory levels to ensure they meet operational requirements.
• Control purchasing operations to align with cost objectives.
• Supervise daily, weekly, and monthly inventory counts.

ERP Systems and Reporting:

• Work with ERP systems such as Microsoft Dynamics AXAPTA and SAP ONE.
• Design the financial dimension structure to ensure accurate accounting records and support analytical reports.
• Prepare weekly and monthly reports for senior management.
• Review variances between standard and actual costs and analyze product contribution margins.

Leadership and Team Development:

• Recruit, guide, and evaluate the costing and budget team to ensure high performance.
• Promote a culture of financial discipline and continuous improvement within the team.
• Collaborate with other departments (Production, Procurement, Sales) to ensure the necessary information flows for analysis.