Manager Cost Inventory and Fixed Asset

Job Details

Job Description

Job Purpose:

• To improve the controlling and management of costs, inventory and fixed assets and enhance operational decision making by preparing insightful, timely, accurate and relevant reports

Duties and Responsibilities

Generic Duties:

• Plans, leads, organizes, staffs & controls department’s overall activities.
• Designs and implements procedures, systems, and tools to maximize departmental operating efficiency.
• Assesses risks by following industry trends to ensure profitability, company survival and provide solutions.
• Coaches, mentors, and develops employees through periodic performance evaluations and ongoing performance dialogue and feedback.
• Ensures adherence to company policies and procedures and undertake disciplinary actions if the need arises.

Main Duties & Responsibilities:

• Develops, implements, and monitors the Department’s strategic, operational plans and budgets.
• Develops a deep understanding of business cost drivers to promote meaningful forecasts.
• Leads change projects to improve systems, processes and outputs related to cost, inventory and fixed asset management.
• Develops and maintains metrics and tracking system for major cost drivers.
• Oversees the integrity of inventory controls and accuracy of all categories of inventory.
• Develops and recommends policies and procedures regarding fixed asset management, and ensures proper documentation for each step in the process.
• Oversees monthly cost of goods sold, purchase price variance and manufacturing variance journal entries.
• Oversees daily/monthly stock count of all inventories (raw materials, work in progress, and finished goods), reviews/understands variances, and timely resolves variance issues.
• Develops and checks a fixed asset inventory process, including recommendations for disposals of fixed assets, useful life assignment, and depreciation schedules.
• Monitors and maintains current inventory levels, ensuring quantities that appear in the system match what is available physically.
• Ensures proper management of slow moving and obsolete stock.
• Actively tracks and monitors all fixed asset purchases, asset tagging, quarterly capitalization, and disposal.
• Manages fixed assets end to end; ensure all required purchasing documents (I.e., customs clearing documents, invoices, approval permits) are properly filled within finance and ensure all new assets are properly tagged before use.
• Manages random audits of fixed assets to ensure assets are not obsolete or lost.
• Performs other duties assigned by the immediate supervisor.

Education

• BA or MA Degree in Accounting, Accounting and Finance, Management, Business Administration, or related fields.
• 14 years for BA
• 12 years for MA

Key Requirement:Candidates need a minimum of three years of managerial experience in a conglomerate setting. This involves overseeing operations, aligning strategic objectives, coordinating among diverse business units, and exhibiting leadership, strategic planning, financial management, and communication skills tailored to complex organizational structures. Adaptability in dynamic environments is crucial for driving growth and operational excellence within the conglomerate.

Skills

• Advanced computer skills on MS Office, accounting software and databases.
• High attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Sound understanding of accounting principles.
• Solid cost systems background.
• Supervisory and leadership skills.

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