Head of Cost Accountant

Job Description

Title: Head of Cost Accountant

Company Name: Unitex Group

Vacancy: --

Age: 40 to 50 years

Job Location: Dhaka (GULSHAN 2)

Salary: Negotiable

Experience:

• 10 to 15 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), LPG Gas/Cylinder Gas

• Master of Business Administration (MBA) in Cost & Management Accounting

• 10 to 15 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), LPG Gas/Cylinder Gas

• Age 40 to 50 years
• Only Male

• A qualified cost accountant (FCMA) and a minimum of 5 years of post-qualified working experience are mandatory.

• 10–15 years of working experience and should have 4 years of working experience as the head of the cost accountant.

• Good knowledge of several types of costing and cost standards.

• Should have FMCG industry working experience for a minimum of 3 years.

• Ascertain costs for products using appropriate costing methods and use them to establish prices.

• Overall cost analysis includes materials, labor, overhead ranges, inventory valuation, product costing, and product pricing.

• Analyze the standards and budgets of various activities and compare them with actuals to explain differences.

• Evaluating the pricing strategy for individual SKUs (stock-keeping units) within the product list.

• Assessing factors like cost, demand, competition, and market trends to determine the optimal price for each SKU to maximize profitability and sales.

• Prepare and analyze cost reports, including variance analysis and projections.

• Conduct a cost analysis and provide recommendations for cost savings.

• Review the normal losses with the standard losses as per industry norms.

• Developing and analyzing cost standards.

• Review all overhead costs and develop and implement standard operating procedures for enhancement of operational efficiency.

• Recommending changes to the company’s processes and policies to reduce costs and maximize profit.

• Prepare the annual raw materials and standard cost roll-up as part of the annual budgeting process.

• Assist with the annual physical inventory & cycle count programs.

• Lead process improvement initiatives within the organizations to achieve productivity and efficiency gains

• Reviews and analyzes inventory, cost of sales

• Variance analysis based on budget vs. actual

• Preparing and analyzing capital expenditure requests

• Performs other related duties and tasks as required – bills of material, production routings, etc.

• Responsible for the cost accounting function within the Accounting Team

• Collect, analyze, evaluate, and present data about the company’s financial performance

• Work with the CFO to resolve standard cost issues and product costing and pricing.

• Some cost analysis includes materials, labor, overhead costs, inventory valuation, product costing, and product pricing

• Salary Review: Yearly
• Festival Bonus: 2

Weekend: Friday with Alternative Saturday.