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Accountant Cost Control

PPL Dynamics
On-site
Doha, Qatar
Accounting

Accountant Cost ControlLocation

: Doha, Qatar

Permanent Position

industry experience:-

should have costing experience in the steel industry or similar or Oil and Gas industry will be given preference

Qualification: :-Especially CIMA, CMA and CA would be a plus

should have specific experience in costing, inventory, and management accounting.


Key responcibility 

Monthly / Annual Closing

  • Periodic closing and opening subsequent month Cost Management and Inventory modules.
  • Overhead allocations and absorptions allocations on monthly basis.
  • Allocation of joint cost through mass allocation. Prepare books closing JV though overhead allocation. Prepare working for absorption variance and pass necessary JV before month close.
  • Monitoring of pending transaction for inventory organizations and closing all inventory organization. Clearing of various WIP accounts.
  • Monitoring expenses booking and scrutiny of trial balance. Running COGS recognition program and monitoring WIP jobs valuation.
  • Passing necessary accounting JVs for WIP and absorption variances.

Cost Control / Continuous improvement

  • Preparation of monthly product cost sheet, process wise for DRI.
  • Preparing auxiliary product cost sheets
  • Assist in collecting accurate and up-to-date product cost information for product prices.
  • Advise / suggestion on cost centre creation.

Reporting

  • To run fixed cost breakup for G&A and COGS, utility and overhead report, plant-wise depreciation report and fixed cost report by department and by GL account.
  • Preparation of data pack for IQ reporting for quarterly reporting. Data for Ministry of Economics and Statistics, yearly.
  • Data for producer price index and other external agencies
  • By product inventory details and its sales history for management reporting
  • Non-moving inventory item report and stock analysis report for leadership meetings.
  • Create discoverer report as per business requirement.

Inventory/Material Accounting functions

  • Daily running of create accounting for all inventory organizations and completing multi-period accounting. Check for stuck transactions and getting it cleared with help of IT. To check for any pending or uncosted transaction in the inventory module. Monthly Inventory/GL reconciliation (MAD Summary).
  • Running transfer general entries to GL cost management program, transfer Journal Entries to GL- receiving. Create Accounting Receiving.
  • Create absorption element as per need/required changes.
  • Raw Material landed cost management in system.
  • Overhead absorption rate update in the system
  • Debit note / credit note implication workings particularly for oxide pellet and scrap purchases and its loading on the inventory carrying cost in the system.
  • Inventory reconciliation, monthly reconciliation of inventory subledger balances with GL
  • Participate in physical stock verification process.
  • Assist with data for dealing with the statutory auditors for Half yearly and Year end audits relating to inventory and product costing.

Policies, Systems & Processes

  • Co-ordinate with the IT department for getting developed various reports for faster and correct reporting.
  • Involve at the time of system upgrade.
  • To work with IT for various automation processes