Job Responsibilities

1. Product Costing

• Calculate standard cost for each sheet size, thickness, and grade.

• Track raw material costs. 

• calculate the conversion costs for each production line. 

• Monitor utility and overhead allocations per production line.

• Update Bill of Materials (BoM) and Routing in the ERP system.

2. Inventory Valuation & Control

• Monitor raw material, WIP, and finished goods inventories.

• Perform monthly stock reconciliations and cycle counts.

• Valuate inventories using the weighted average method.

• Flag slow-moving or obsolete inventory.

3. Cost Variance Analysis

• Analyze actual vs standard cost variances for:

• Direct Materials

• Direct Labor

• Factory Overheads

• Investigate abnormal scrap rates or machine downtime costs.

• Recommend corrective actions with the production team.

4. Budgeting & Forecasting

• Assist in preparing manufacturing budgets (annual/monthly).

• Collaborate with production and procurement to estimate future cost trends.

• Track budget vs actual expenses and report deviations.

5. Production Efficiency Monitoring

• Track KPIs like cost per kg/sheet, machine efficiency, and yield rates.

• Support lean manufacturing and cost-saving initiatives.

• Identify cost drivers and areas for process improvement.

6. Cost Reporting

• Prepare cost of production reports (daily, weekly, monthly).

• Provide cost breakdown for different sheet specifications (e.g., UV-protected, colored, embossed).

• Support management with cost-related inputs for pricing decisions.

7. Support for Financial Reporting

• Coordinate with financial accountants for accurate:

• COGS calculation

• Closing entries for WIP and inventory

• Ensure compliance with IFRS standards.The candidate must have 2-3 years of experience in the plastic manufacturing industry.