Senior Cost Accountant

Job description / Role

• Costing Accuracy
- Coordinate with logistic, warehousing and production all activities related to item master update, BOMS and Routing
- Provide business insight on product cost flux, product loss and SKU variances
- Coordinate with Chief Accountant fixed asset validation efforts
- Ensure proper cost tracking for overheads, raw material and labor
- Ensure accurate cost element allocation to each product and category
- Provide weekly/monthly/quarterly and annual cost reporting to management
- Regular visits to production floor and verification of receipts, shipping and scrap
- Coordinate with intercompany/affiliates product movements, freight and record in-transit inventory
- Receive and review daily report from production and ensure this agrees with invoicing
- Enter goods returns are updated properly in SAP
- Monitor scrap, quality loss and returns
- Ensure all costing activities for goods received, produced or in-transit are reflected correctly in the GL and Subledgers
- Drive automations and coach no financial professionals with best practices
- Monitor GRIR, freight and expense accruals
- Perform item master monthly audits/reviews

• Inventory Accuracy
- Ensure that quantities ordered in the pipeline are not more than the average stock holding capacity (as per agreed norms). Keep a track on pricing of products by comparing with the last quoted pricing from the suppliers and suggest the department
- Analyze any variances between the quantity ordered in the purchase order and accrual received. Report this variance to the chief accountant, department and ensure a prompt action by the vendor or transporter.
- Maintain and update the stock cards and master list of items. Ensure to conduct a periodic review and validation check for codes and description of all non-active items.
- Supervise inventory at an overall level for various purposes, like, cycle count, wall-to-wall count, segregation of the inventory and disposal procedures.
- Conduct planned and ad-hoc inventory audits for all inventories for all locations in UAE. Ensure to conduct a physical count against the entries in the books.
- Drive monthly cycle counting and semi-annual physical inventory count
- Ensure proper inventory cut-offs

• Managing Risks
- Run the inventory aging report and compute the monthly provision. Monitor the adequacy of the reserve towards the aged inventory.
- Monitor near-expiry items and obsolete items in accordance with corporate policies. Generate a report for the use of the management on such inventory items, proposed liquidation plan. If approved, execute the proposed plan and adjust the books accordingly.

• Other Activities
- Coordinate and work closely with the customs clearance unit and logistic to establish the landed costs for all received goods and update the system accordingly.
- Process all transactions related to the inventory such as adjustments, transfers and monitoring of returns.
- Reconcile the inventory sub-ledgers with the main ledger accounts. Highlight in the reconciliation and pending transactions and ensure to take action in the following months.
- Prepare and submit monthly reports for the divisions with the total inventory levels and projections.
- Prepare and submit such other reports as may be requested for submission to the Chief Accountant or the Finance Manager.

Requirements

- Accounting qualification
- Strong excel knowledge
- Time Management skills
- Ability to prioritize and organize
- Leadership skills
- Strong Analytical techniques
- Excellent knowledge of IFRS
- Good knowledge in SAP
- FMCG Experience
- Fluency in English

About the Company

Del Monte Foods (U.A.E) FZE is a part of Fresh Del Monte Produce, one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages, snacks and desserts in Europe, the Middle East and Africa. Fresh Del Monte Produce markets its fresh products worldwide under the Del Monte brand, a symbol of product quality, freshness and reliability for more than 120 years.