*Cost and Budget Manager 36 views

GENERAL DUTIES AND RESPONSIBILITIES

The Cost & Budget manager will report to the financial director and expected to establish, coordinate, and administer management plan for the control of operations including, annual budget & profit planning, programs for capital investing and financing, sales forecasts, expense budgets, and setting up of cost standards, together with the lead, plan, and placement of necessary controls the department.

The cost and budget head is also responsible for Analysis, interpretation and development of revenue and expenditure projections for the use in preparing operating and capital budgets, forecasts, schedules, and other management reporting information. The manager is responsible for the preparation of balance sheets and income statements on a regular basis that are used for internal operational reporting. Specific activities to get done by the cost and budget manager are inclusive of.

Ø  Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs and report on periodic variances and their causes,

Ø  Providing management with reports specifying and comparing budget vs actual and profitability by SKU, and acting as a business partner for the departments, participating and advising management in commercial and strategic priorities.

Detailed Duties and Responsibilities

Ø  Supervise and coordinate cost & budget/business control section lead the professional under to effective and successful accomplishment of departmental objectives,

Ø  Develop budget preparation process by coordinating with related business functions and procedure standing budget plan adequately reflect the activity of the company,

Ø  Checks and verifies the accuracy of Cost Sheets of produced items.

Ø  Checking & Verifying posting of all store documents and reconciliation of Finish Goods and Raw Materials.

Ø  Monthly Stock Count, reconciliation and rectification of imbalance and input / output analysis.

Ø  Prepare periodic reconciliation of subsidiary ledger against general ledger of inventory items.

Ø  Prepare periodic management report that depicts the operational and financial standing of the company and its operational activity!

Ø   Responsible for variance analysis, profitability, follow up and control budget, evaluate KPI and recommend departments on measures of effectiveness, ensure optimization of company resource are adhered in conducting the business.

Ø   Control over company business operation (actual performance VS plan) including variance analysis and recommend cost saving initiatives.

Ø  Periodically prepare Financial and other management Reports enabling management to make informed decisions.

Ø  Implement systems and procedures for the registration and protection of Company property/ asset management.

Ø  Run monthly stock recalculation and check the accuracy of moving average cost.

Ø  Control stock adjustment, write-off, and disposal as per the procedure.

Ø  Control periodic and surprise physical count to mitigate risks.

Ø  Assure cost analysis and contribution by SKU are properly done.

Ø  Create important reports formats to be used by the management team.

Ø  Responsible for all management information required for strategic business decisions.

Ø  Control and ensure compliance of company sales procedure, price policy and other governing instruments.

Ø  Provide financial analysis as needed, for capital investments, pricing decisions, and contract negotiations.

Ø  Support the finance director in developing workflow and procedure for finance function and set timetable for processes in terms of the reporting requirements and deadline.

Ø  Ensure the efficient and accuracy of company warehouse and inventory stock,

Ø  Ensure the procurement and sales process are per the set company policy and ensure presence of proper registration,

Perform other duties up on wants of affiliated departments and instruction of senior officials