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Costing Section Head at Elsewedy Electric
Job title: Costing Section Head
Department: Finance
Company: Elsewedy Electric
Job Purpose:
Overseeing the organization’s cost management processes, ensuring accurate financial reporting and analysis of costs associated with products and services, developing and implementing cost control strategies, preparing detailed budgets, and providing insights to support strategic decision-making. collaborates with cross-functional teams to optimize profitability, improve operational efficiency, and maintain compliance with financial regulations.
Key Accountabilities
- Cost Analysis: Evaluate and analyze cost data to identify trends, variances, and opportunities for improvement.
- Budget Development: Prepare and manage departmental budgets, ensuring alignment with overall business objectives.
- Reporting: Generate and present financial reports on cost performance to senior management.
- Cost Control: Implement cost control measures to monitor expenditures and maximize resource utilization.
- Collaboration: Work closely with production, procurement, and finance teams to assess and refine cost structures.
- Compliance: Ensure compliance with relevant accounting standards and regulatory requirements.
- Process Improvement: Identify and implement process improvements to enhance efficiency in cost tracking and reporting.
- Processing & Warehousing control: involves overseeing and optimizing the financial aspects related to the storage and handling of goods within a warehouse (Cost Tracking, Budgeting and Forecasting, Inventory Valuation, Efficiency Analysis, Performance Metrics, Cost Reduction Strategies, …etc.)
- Pricing and profitability control: ensuring that products are priced appropriately and that the organization maintains healthy profit margins (Cost Analysis, Pricing Strategy, Profit Margin Monitoring, Sales and Profitability Forecasting, Promotional Pricing Analysis, Performance Metrics, Cross-Functional Collaboration, Continuous Improvement, …etc.)
Desired Outcomes
- Enhanced accuracy and reliability of cost data.
- Improved profitability through effective cost management.
- Increased efficiency in budgeting and forecasting processes.
- Strategic insights that drive informed decision-making.
Personal Skills
- Communication Skills: Excellent verbal and written communication to convey complex financial concepts to non-financial stakeholders.
- Leadership: Capability to lead and mentor junior staff, promoting a culture of continuous improvement.
- Critical Thinking: Capacity to evaluate situations objectively and make informed decisions that align with business goals.
- Negotiation Skills: Proficiency in negotiating cost agreements with related parties and stakeholders to optimize expenses.
- Time Management: Strong organizational skills to manage multiple projects and deadlines efficiently.
- Problem-Solving: Proactive approach to identifying issues and developing effective solutions.
- Attention to Detail: Strong focus on accuracy, ensuring precise financial reporting and analysis.
- Team Collaboration: Ability to work effectively with cross-functional teams, fostering a collaborative environment.
Qualification & Education:
- Bachelor’s degree Finance/commerce/Accounting in or a relevant discipline.
- From 7 to 10 years of experience in a business field /CPA or ACCA will be an added advantage.
- Experience in factory and operational environments, not in trade companies.
- Good in Microsoft Office suite.
- Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly presentations.
- Business fluency in English.
Apply Through: [email protected]
Deadline : 29th October 2024.
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