Industry: Building and Construction
Location: Dubai
1) Defining Policies, Procedures, methodologies, time frames in relation to Costing activities.
2) Setting of Standard Costs and periodical Variance analysis with actual costs, finding out variances, inquiring reasons, taking corrective steps and to ensure future compliance. Material / Labour / Overhead variances. Also, cost estimations by various techniques.
3) Cost estimations / Selling price estimation using alternative situations and methods – Based on Company policy.
4) To advise management on make / use own resources or buy /outsource decisions .
5) Decisions to Expand or Contract operations and up to what levels
6) Analysis such as break-even point / point of indifferences , OEE, Activity Ratios, Efficiency Ratio, Capacity Ratio. Discount Policies / Labour Incentive Policies etc. Performance measurements.
7) Inculcating colleagues on Cost Accounting Standards and to ensure it is consistently followed.
8) Inventory Management – Fixing re-order levels / minimizing stock holdings but by avoiding stock out losses etc.
9) Budgeting – Ensuring that funds are made available to all departments.
10) Structuring Finance from Banks both for Capital Budgeting needs and Working Capital. Estimating Working Capital Requirements. Long Term / Short Term / Bridge finance etc. / Hedging of foreign currency exposure.
11) Ensure that accounts are entered in time, if possible on real time basis under appropriate heads of accounts . Coordinating collection activities. Implementing Information System Controls.
12) Drawing up of financial statements – P & L account / Balance Sheet etc. liaison with Internal (if there is) / External Auditors.
13) Tax Compliances and correspondences (Only VAT in UAE) with Tax department / meeting of Statutory and Regulatory compliances relating to Accounts & Finance department
14) Liaison with Lawyers in case of disputes with customers on collections. / Liaison with Clients on Collections
[ Apply at: [javascript protected email address] ]