Job Purpose: Increase profitability and effectiveness by maintaining optimal stock controlling and costing through tracking shipments, overseeing inventory audits, maintaining reports of purchasing, and pricing.

Job Specifications:

Duty 1. Industrial / Production Costing: -

• Develop and maintain cost accounting system that ensures accurate costing.
• Plan, study and collect data to determine direct & indirect costs of business activities, cost drives, cost pools such as raw materials (foreign & local), finished products, purchasing invoices, shipping documents, inventory stock, labor cost per product, overheads rate per product and other operations.
• Set standard costs of manufactured goods, review and analyze standard versus actual costs to report any variances that might arise.
• Ensure that the Bill Of Materials for each product are same as standard and then approve the release of raw materials of each job order.
• Determine the Cost of Goods Sold per Product, Project & Sales Order and prepare a comparison of revenue versus cost.
• Prepare costing reports & the monthly closing with the reconciliation entries.

Duty 2. Stock Controlling: -

• Follow up on imported purchase orders and processes, ensure system is up to date with stock levels and note any discrepancies upon receipt of shipments.
• Manage the local inventory system by processing change of prices and change of season transactions.
• Manage and maintain the updated balance and database with materials and products inventory including stock profiles and stock locations.
• Ensure incoming products are receipted and managed appropriately according to company’s procedures.
• Administrate cost of importing plans and compare it with actual results to identify, explain, and highlight variances as appropriate.
• Ensure accuracy of inventory counts, analyze results, book-to-physical reconciliations, investigate variances, and resolve issues through use of root-cause analysis.
• Liaise with warehouse staff and other internal teams to ensure products status upon delivery and storage conditions.
• Ensure proper implementation of policies and procedures for inventory transactions.
• Enter purchase details (vendors’ information, invoices, and pricing) into internal databases.

Duty 3. Reporting: -

• Maintain stock analysis reports for warehouses.
• Provide routine management information on inventory performance.
• Produce weekly reports to ensure key critical areas of the stock system are controlled and any discrepancies are addressed and resolved.
• Generate regular reports and analyses on inventory performance, including stock turnover rates, carrying costs, and obsolete inventory provisions, and provide insights and recommendations to management.