Costing Section Head at Elsewedy Electric

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.