Executive Costing IFFCO UAE

IFFCO is currently looking to hire qualified and motivated candidates for the role of an Executive Costing in Sharjah. The successful candidate will be responsible  for Costing related function for the unit including Material Pricing, Inventory Mgmt, FOH, Utility, Production report Repairs & Maintenance. This job was posted company’s career website on 6 January 2024 and is open to for all aspiring candidates.

Responsibilities of An Executive Costing

• Understand, reflect & practice IFFCO’s vision & values.
• Inventory ageing and inventory holding norms with a view of minimizing holding cost.
• Monthly Inventory verification and involvement in Cycle Count as per SOP.
• Insurance Declaration for inventory for all materials and parts.
• Preparing data and report for CFO presentation.
• Inventory adjustment report and Cycle count details for CEO & CFO presentation
• Reconciliation EAM vs Cost report.
• Line wise and Machine wise Production report.
• Cycle count adjustment process in ERP.
• Machine wise capacity utilization report.
• YTD capacity utilization report for factory.
• Tracking of near expiry and expired stock and Clearing Lot control issue.
• Prepare Consumption Report for SCM.
• Prepare commodity/raw material pricing report and update in ERP for Standard costing folder.
• Weekly checking of batch variances.
• Ensure appropriate High Sea loss on vessel purchase and claim for any excess loss from insurance co.
• Management Reporting including Capacity Utilization, Inventory Norms, Production, FOH, Utility and Other key areas.
• JV posting for expenditure of Utility and Repairs & Maintenance and AGIS to sister co.
• Accurate month end EAM closing.
• Supporting to close OPM.
• Handling external auditors in inventory & spears parts area.
• Intercompany inventory Profit element declaration.

Requirements for Role of Executive Costing

The eligibility requirements for role an Executive Costing are as under:

• MBA / CA / ICWA.
• 3+ years of experience in cost accounting or relevant experience in FMCG.

Skills & Competencies

• Documentation and reporting.
• Costing management.
• Cost accounting standards and practices.
• Financial compliance.
• Financial planning and analysis.
• Communicating effectively.
• Self and team management.
• Planning & decision making.
• Customer centricity.
• Ownership & result orientation.

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