Critical requirement for Finance Manager
• Be responsible for all finance and accounting activites together setting up costing system and accountable for the ongoing analysis of process constraints, target costingprojects, margin analysis, and tracing costs back to underlying activities.
• Construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.
Data Collection
• Construct data accumulation systems for a cost accounting system
• Create and review the controls needed for data accumulation and reporting systems
Inventory
• Coordinate physical inventory counts and cycle counts
• Investigate cycle counting variances and resolve issues
• Update standard costs in the bill of materials
• Review standard and actual costs for inaccuracies
• Validate the cost of goods sold as part of the month-end close
• Accumulate and apply overhead costs as required by generally accepted accounting principles
• Work with the materials review board to locate and dispose of obsolete inventory
Analysis
• Conduct ongoing process constraint analyses
• Report on breakeven points by products and factories
• Report on margins by product and division
• Report on periodic variances and their causes, focusing in particular on spending variances
ERP Implementation Project: coordinate with relevant departments to set up and implement ERP project.
