1- Industrial Costing:

• Monitoring daily and weekly orders and at the end of each month to ensure they are properly posted in the correct accounting cycle.
• Prepare regular cost reports and variance analysis to identify discrepancies and areas for improvement.
• Collaborate with finance and accounting teams to reconcile inventory accounts and ensure accurate reporting of inventory valuation and cost of goods sold.
• Monitor and evaluate cost trends, highlighting potential cost-saving opportunities or risks.
• Allocate costs to appropriate cost centers or products to ensure accurate cost accounting.
• Implement cost control measures and best practices to optimize operational expenses without compromising quality.

2- Stock Controlling:

• Manage and maintain the company’s material and stocked product inventory including stock profiles and stock locations.
• Ensure proper implementation of policies and procedures set for inventory transactions.
• Follow up on imported and local purchase orders and processes, ensure continuous system update with stock level and note discrepancies upon receipt of shipments
• Conduct periodic inventory reconciliations and ensure proper accounting treatment for inventory-related costs
• Follow up with the inventory team, providing needed guidance and support as it relates to financial accounting and reporting of inventory.
• Perform month-end close activities related to inventory.
• Coordinate with procurement and supply chain teams to ensure timely procurement of raw materials and finished goods to support production and sales requirements.
• Follow up warehouse policy and procedures
• Prepare various financial analysis related to costs, inventory and expense for various products as needed for decision making support.
• Work closely with various departments such as production, procurement, and finance to gather relevant data and insights.
• Analyze inventory aging and slow-moving stock, and develop strategies to minimize obsolescence and maximize inventory turnover.
• Generate regular reports and analysis on inventory performance, including stock turnover rates, carrying costs, and obsolete inventory provisions, and provide insights and recommendations to management.
• Monitor inventory levels, sales trends, and demand forecasts to optimize stock replenishment strategies and minimize stock outs and excess inventory.