Senior Cost Controller

6 days ago

Jeddah, Makkah Province, Saudi Arabia GUTHMI Group Full time

Inventory Valuation Accuracy: Ensure precise inventory valuation and verify that all associated costs are accurately allocated to specific items.

Unit Cost Approval: Review and approve the unit cost of items prior to posting and updating inventory records.

Procurement Coordination: Coordinate with the Procurement Department to audit prices and review all posted costs.

GL Reconciliation: Monitor inventory movements and ensure stock balances are fully reconciled with the General Ledger (GL).

Inventory Correction: Resolve negative stock balances and address items with zero-cost records to ensure data integrity.

Turnover Analysis: Analyze and report on inventory turnover ratios, while identifying stagnant and slow-moving items.

COGS Oversight: Control the Cost of Goods Sold (COGS) and ensure it is recorded accurately and reflected in financial statements.

Variance & Margin Analysis: Perform variance analysis on costs and profit margins (Actual vs. Expected) per branch, and report findings to the Finance Department.

Physical Stocktaking: Participate in periodic physical counts and analyze discrepancies between system records and actual stock.

Root Cause Analysis: Analyze inventory variances and provide strategic recommendations to address and mitigate the root causes.

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