Cost and Budget Section Head at AHADU PLC

Cost and Budget Section Head

Employer: AHADU PLC

Employment: Full-Time | Permanent

Place of Work: Addis Ababa - Ethiopia

Posted date: 5 years ago

Deadline: Submition date is over

Purpose of the Job: To improve the controlling and management of costs and enhance operational decision making by preparing insightful, timely, accurate and relevant cost and operational analysis and reports. Main Duties and Responsibilities: - Collect and organize budget requests for work units and participate in the preparation of the annual budget. - Conduct cost studies and support the installation and maintenance of appropriate cost allocation plans/costing systems to ensure cost-effectiveness and profitability. - Prepare cost estimates of new or special products for establishing selling prices and production forecasts. - Record and analyze the cost of raw materials, spare parts, labor, overhead, and services to evaluate the cost-effectiveness and profitability of the Company. - Prepare journal entries and maintain cost accounting records for various cost items. - Organize cost reports that help as an input in the preparation of periodic financial statements. - Prepare budgeted financial statements and schedules. - Perform adjusting entries and correct errors on periodic financial reports. - Follow up the proper utilization of approved capital and operational budgets and report findings to immediate supervisor. - Prepare monthly consumption reports based on records of incoming and issued materials. - Perform various cost analyses including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysis. - Reconcile stock items with store balance (bin card) and general accounts records. - Compute the total costs of all goods in transit to prepare the cost build-up of goods. - Collect cost and operational data for the preparation of management and cost reports and reviews. Job Requirements - Bachelor’s degree in Accounting, Finance or related field with six (6) years of relevant work experience of which two (2) years should be at supervisory position