Company Description

Glass Rock Insulation Company is a leading manufacturer of glass wool and rock wool, located in the Sadat Free Zone Area in Egypt. Established in 2008, our facility boasts an annual production capacity of 30,000 MT of rock wool and 20,000 MT of glass wool. These high-quality insulation products are tailored for diverse applications across construction, marine, automotive, and agricultural industries. Committed to sustainability, Glass Rock focuses on energy conservation and reducing toxic emissions to support environmental protection.

Role Description

This is a full-time, on-site position for a Costing Section Head located in Sadat , Egypt. The role involves overseeing and managing all costing operations, preparing accurate cost analysis, ensuring compliance with company budgeting standards, and providing insights for financial planning. Key responsibilities include monitoring production costs, analyzing profitability, preparing detailed cost reports, and working closely with various departments to ensure cost efficiency and effectiveness.

Qualifications



- Gather and analyze financial data
- Determine standard costs and investigate variances with actual costs
- Prepare detailed reports, both periodically and ad-hoc
- Help management make important decisions based on costs and benefits (pricing changes)
- Create and manage budgets, and monitor spending
- Conduct audits on financial processes and transactions
- Monitor changes in processes or methods to calculate effects on overall costs
- Estimate product costs for existing and new products
- Forecast and analyze costs of processes, labor, and inventory
- Suggest cost-reducing or profitable solutions.
- Conduct market research to support future business planning
- Handling Inventory management, CAPEX, Logistics, and Fixed cost preparation, covering all Planning & Controlling cycles when it comes to preparing the Annual Budget, Mid Term Plan, and Rolling Forecast.
- Review all inventory transactions using System to verify the accuracy of the account, average cost of the items and fundamental analysis of the reasons for the differences.
- Determine the allocation of the Administration, Sales and Manufacturing Expenses and follow up on budget
- Compare between Standard cost & actual cost
- Analyzing product/raw material design, manufacturing methods, and services provided, to determine cost of new product, needed price list & recognize any differences that might affect the product cost
- Monitor and analyze monthly operating results against budget.
- Preparing costing statements every month
- Providing management with reports specifying and comparing factors affecting prices and profitability of products.
- Ensure that the related cycles are fully complying with company policies and Minimum Control Standards.
- Analyzing production costs and recommending changes.

Education:
bachelor’s degree of Commerce / Business/ Economics / Accounting
Experience:
6 years of finance related experience (Planning, analysis, costing and controlling background), manufacturing background is a plus
Sap user is a plus