Job Description

Designation: Assistant Cost Manager

Department: Accounts & Finance

Salary : negotiable

Desired Years of Experience: 2-5years of experience in costingand finance roles is desirable. This can include experience in budgeting, financial analysis, financial reporting, costing-margin analysis, or related areas.

Industry: Food and Hospitality

Desired Educational Qualification: Post Graduate degree in related field

ROLE

Responsible for overseeing the costing, pricing, and financial aspects of products and services. This role involves analyzing costs, developing pricing strategies, running costs and price on the system, and related jobs.

DESIRED PROFILE

Understanding of financial statements, general ledger, accounts payable and receivable, taxation, and financial reporting.

Strong knowledge of accounting principles, practices, and procedures.

Proficiency in using accounting software and tools is important.

Attention to detail, accuracy and experience in financial reporting, costing, and pricing calculations.

High ethical standards and integrity in handling financial data, maintaining confidentiality, and adhering to accounting regulations and standards.

Ability to prioritize and work on multiple projects simultaneously.

Excellent Communication, Writing, Interpersonal and Leadership skills.

Proficient in using MS Office and other related computer software's/ tools to operations.

Previous experience in costing, pricing, financial analysis, or related roles within the Food and Beverage industry, preferably in restaurants, hotels, catering, or food service establishments.

JOB DESCRIPTION

Financial Management & Reporting

a. Assist the Senior Management in decision-making process by providing authentic financial data in timely manner.

b. Assisting in timely preparation of financial statements and monthly income statements.

c. Ensuring MIS is timely available and reviewed before the monthly review meeting.

d. Adherence to proper accounting standards.

e. Ensuring timely completion of month-end activities including but not limited to:

a. Variance reporting

b. Sales Analysis reporting

c. Inventory Valuation Report

d. Discount, Scheme & FOC Report & Analysis

f. Analyze, review and suggest structural improvements in existing processes and formats in ERP.

g. Analyze financial data and provide reports to support strategic decision-making for the organization.

h. Review of variance analysis report periodically to identify the items having measurable gap that require rectification in the system.

Costing and Pricing

a. For the new items generating item creation request after verification of BOM item codes, creation of BOM in system and thereafter location wise BOM linking.

b. Undertaking the costing and pricing of the new products based on the BOM and system margin list, getting the same approved and linked in system.

c. Undertaking the BOM review of the existing and new items with the training department and making revisions as and when necessary.

d. Undertaking pricing of import containers and ensuring the system margins are followed.

e. Updating transfer and retail price of items.

f. Undertaking item wise and category wise margin review month-on-month and undertake variance analysis to identify the gap.

g. Resolving the pricing-related queries of the outlets.

h. Running the standard costing batch run.

i. Continuously working with management to update the BOMs and costing in system and calibrate margins to understand the gap of requirement vs reality and ways to mitigate the same.

Job Type: Full-time

Experience:

• assistant Cost Manager: 4 years (Required)

Language:

• hindi, malayalam, (Preferred)

Location:

• Dubai (Preferred)

Application Deadline: 30/06/2024