Egyptian canning Co. (Americana group)
-Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
-Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
-Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
-Assisting in Month end close of the General Ledger
-Ability to prepare budgeting process starting with sales budget ending with preparation of budgeted financial statements.
-Ability to understand the industry's nature and allocating all of indirect manufacturing expenses based on reasonable cost drivers.
-Good awareness of standard accounting system through allocating the direct materials with its standard cost and the direct labor cost based on budgeted rates , then allocating variances to financials , finally investigate about variances to improve the performance.
- Good awareness of closing the Job Orders (Batches) on systems through implementing standard costing system, beginning with determination of Bill of Material (BOM) and incorporate it on the system, define the standard labor and manufacturing overhead per unit on the system, ending with clearing the WIP account by offsetting the actual labor & overhead cost with the standard built on the system for journalizing variances then investigate these variances.
- Provide financial analysis and insight into the following areas : ( product cost, product gross margin, customer gross margin, operational cost (labor & overhead), materials variance ( Quantity, Price ), capacity utilization, fixed and variable cost analysis for break-even.
-Monitor profit margin continuously through determination of the fluctuations in various cost elements (RM prices, O/H, etc...) and analyze their impact on gross margin, the impact of sales price, volume, mix (PVM analysis) and raise the highlights to senior management to support decision making.