Leading Steel Company at East Africa
Role & responsibilities :
This role is crucial for efficient financial management and cost optimization and plays a pivotal role in ensuring the financial health and competitiveness of the steel manufacturing plant. This position involves overseeing various aspects related to cost accounting, budgeting, and financial analysis within the context of steel production. The position requires a combination of financial expertise, strategic thinking, and effective leadership skills to drive cost efficiency and support the organization's overall objectives.
1. Cost Analysis and Reporting:
- Conduct cost analysis for different stages of the steel manufacturing process.
- Prepare and analyze cost reports to identify variances and areas for improvement.
- Provide regular and ad-hoc reports to senior management on cost performance.
2. Budgeting and Forecasting:
- Develop and manage the annual budget for the steel manufacturing plant.
- Collaborate with different departments to gather relevant data for budgeting.
- Monitor actual performance against the budget and provide variance analysis.
- Assist in forecasting future costs based on industry trends and plant operations.
3. Cost Control Strategies:
- Implement cost control strategies to optimize production costs without compromising quality.
- Identify areas of waste or inefficiency and recommend corrective actions.
- Work closely with production teams to streamline processes and reduce costs.
4. Product Costing:
- Develop and maintain accurate product costing models for different steel products.
- Analyze the cost components of each product to ensure pricing competitiveness.
- Collaborate with sales and marketing teams to set competitive and profitable prices.
5. Financial Analysis:
- Conduct financial analysis on various projects, investments, and cost-saving initiatives.
- Evaluate the financial viability of new products or process improvements.
- Provide insights and recommendations to support strategic decision-making.
6. Compliance and Reporting:
- Ensure compliance with accounting standards, regulations, and internal policies.
- Prepare and submit financial reports to regulatory bodies as required.
- Work with auditors during financial audits and address any audit findings.
7. Continuous Improvement:
- Continuously seek opportunities for cost reduction and process improvement.
- Implement best practices in cost accounting and financial management.
- Stay informed about industry trends and benchmarking to identify areas for improvement.
8. Team Leadership:
- Supervise and lead a team of cost accountants and financial analysts.
- Provide guidance, training, and support to ensure the team's effectiveness.
- Foster a culture of accountability, accuracy, and efficiency within the team.
9. Communication and Collaboration:
- Collaborate with cross-functional teams, including production, procurement, and finance.
- Communicate effectively with senior management to provide insights and recommendations.
- Foster strong communication channels with other departments to enhance overall operational efficiency.
10. Risk Management:
- Identify and assess financial risks associated with cost control and costing.
- Develop and implement risk mitigation strategies.
- Monitor and report on potential financial risks to senior management.
Net savings in the range of $2000-$2500 + Accommodation + Food + Transport + Air tickets + All Expat Benefits
