Industrial Cost Controller

1. Product & Standard Costing • Establish, maintain, and review standard costs for raw materials, work-in-progress (WIP), and finished goods. • Develop and maintain accurate Bills of Materials (BOM) and routing operations in collaboration with Engineering and Production teams. • Perform annual cost roll-ups and periodic cost adjustments to ensure inventory valuation accuracy. • Calculate, allocate, and monitor direct labor and overhead absorption rates across manufacturing processes. 2. Variance Analysis & Cost Control • Analyze and explain monthly manufacturing variances, including material yield/price, labor rate/efficiency, and overhead volume variances. • Monitor production loss, scrap, rework, and waste, working with plant management to identify cost-saving opportunities. • Evaluate scrap sales and scrap tracking procedures to optimize material utilization. 3. Inventory Management & Valuation • Oversee month-end inventory valuation, cycle counts, and year-end physical inventory stocktakes across raw materials, WIP, and finished goods. • Perform monthly inventory reconciliation between the general ledger and Oracle ERP modules. • Identify slow-moving, obsolete, or damaged stock and compute appropriate inventory reserves/write-offs. 4. Financial Reporting & Month-End Closing • Execute month-end and year-end closing procedures for cost accounting in Oracle E-Business Suite (Cost Management, Inventory, WIP modules). • Prepare cost accounting journal entries, balance sheet reconciliations, and manufacturing cost management reports. • Develop key performance indicators (KPIs) and operational dashboards covering production efficiency, unit margins, and inventory turnover. 5. Cross-Functional Collaboration & Decision Support • Partner with Purchasing, Production, Engineering, and Logistics teams to audit operational processes and strengthen internal controls. • Assist in preparing the annual operating budget, rolling forecasts, and capital expenditure (CapEx) evaluations. • Support internal and external audit processes related to inventory, cost of goods sold (COGS), and internal accounting controls. • Bachelor's degree in Cost Accounting, Accounting, or Finance , preferably with a specialization in Cost Accounting. • Minimum of 8 years' experience in cost accounting within a manufacturing company , preferably producing steel or metal fabricated products , or a similar industrial manufacturing environment. • Strong experience in product costing, standard costing, Bills of Material (BOM), routing, overhead allocation, inventory valuation, and manufacturing cost analysis. • Excellent understanding of manufacturing processes, including raw materials, work-in-progress (WIP), finished goods, and production variance analysis. • Hands-on experience with Oracle E-Business Suite R11/R12, with strong expertise in the Manufacturing and Costing modules , particularly Cost Management, Inventory, Bills of Material (BOM), Work in Process (WIP), and purchasing. • Experience in month-end and year-end closing, inventory reconciliation, cost roll-up, and manufacturing variance analysis. • Strong analytical skills with the ability to identify cost-saving opportunities and improve manufacturing efficiency. • Experience in budgeting, forecasting, and preparing management reports and KPIs. • Ability to work closely with the Production, Purchasing, Engineering, and Finance departments to strengthen cost control and improve operational performance. • Strong knowledge of internal controls and manufacturing accounting procedures. • Advanced proficiency in Microsoft Excel and financial reporting. • Excellent communication, analytical, and problem-solving skills. • GCC experience is preferred.