Specialist - Product Costing

Job Description

Support Financial Strategy Execution

• Contribute to the implementation of financial strategies aligned with business objectives, ensuring operational cost efficiency and operational efficiency targets.
  
  

Product Costing & Inventory Valuation

• Maintain and validate standard costs, BOM's, routings, and overhead absorption rates
• Perform monthly inventory valuation, reserves, and slow moving/obsolete stock analysis
• Reconcile inventory sub ledgers to GL and investigate valuation differences
• Ensure costing accuracy across plants, warehouses, and SKU's
• Driving and maintaining Activity-Based Costing (ABC) through close coordination with plant operations and cross-functional teams for accurate cost allocation and timely decision-making.
  
  

Cost Control & Variance Analysis

• Track Product cost (RM, Bulk SKU's, additives & discrete inventory items, etc.)
• Analyze price, volume, mix, efficiency, and yield variances with root cause commentary
• Partner with operations to identify cost reduction and productivity opportunities
• Monitor savings initiatives and validate financial impact
• Prepare actionable variance dashboards for management review
• Develop and track key financial KPIs (conversion cost, yield, wastage, inventory holding, etc.) and support leadership with actionable insights for performance management.
  
  

Budgeting, Forecasting & Performance Analysis

• Support annual budget and rolling forecast cycles for operations finance (Variable & Fixed cost)
• Update & Analise actuals vs. budget/forecast and highlight risks and opportunities
• Develop scenario and sensitivity analyses to support decision making
• Ensure alignment between operational plans and financial targets
  
  

Operational Support

• Act as finance business partner to supply chain, manufacturing, and commercial teams
• Support pricing, margin analysis, and customer/product profitability reviews
• Support system setup for new units and establish end-to-end operational and process flows & identify and monitor inventory risks; implement appropriate controls during stabilization.
• Translate operational performance into financial outcomes for stakeholders
• Act as a finance business partner to plant operations, supply chain, and procurement teams to drive data-driven decision-making and performance improvement.
• Identify and recommend improvements in financial processes, systems, and reporting frameworks to enhance efficiency, accuracy, and scalability.
  
  

Systems, Controls, Risk, Audit & Compliance

• Ensure adherence to internal controls, accounting policies, and SOP's
• Support internal and external audits, including documentation and issue resolution
• Maintain and improve costing, planning, and reporting systems (e.g., ERP, BI tools)
• Identify control gaps, process inefficiencies, and automation opportunities
• Conduct periodic physical counts and cycle counts with variance analysis and adjustment.
• Ensure compliance with IFRS/local regulations related to inventory and costing
• Support the development and strengthening of internal controls across operational finance processes to mitigate financial and operational risks.
  
  

Data & Analytics Support

• Leverage financial and operational data to provide advanced insights (variance analysis, trend analysis, scenario modeling) supporting strategic decisions.
  
  

Month End Closing, Reporting & Management Information

• Execute timely month end close activities reconciliation, related to COGS, inventory, and provisions, etc.
• Prepare management reports, KPI's, and dashboards with clear insights
• Ensure accuracy, completeness, and consistency of reported
• Provide variance explanations and executive level commentary
• Prepare & Support ADHOC, monthly and annual financial reporting requirements
  
  

Cross-functional Alignment

• Ensure alignment between finance, operations, supply chain, and commercial teams to achieve overall business targets and operational excellence.

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