Officer- Costing
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Key skills for this role
About the Role
Integrated Plastics Packaging seeks an Officer – Costing to manage cost accounting activities, track costs, and support pricing and profitability decisions. The role requires 2-5 years of costing or audit experience and a Bachelor's degree in Accounting, Finance, or Commerce.
Key Skills for This Role
Responsibilities
- Record and monitor actual costs related to production, including raw materials, labor, and overheads
- Reconcile material consumption data with store issue records, production output, and ERP entries
- Identify and report discrepancies between recorded consumption and physical movement
- Compare actual costs against standard costs and report variances
- Analyze cost fluctuations and identify reasons for deviations
- Prepare monthly, quarterly, and annual cost reports, including standard vs. actual variance analysis and margins
- Work closely with production, stores, and procurement teams to validate consumption data
- Ensure accurate allocation of costs across departments and cost centers
- Lead or support physical stock counts for raw materials, WIP, and finished goods
- Analyze job wise, product wise, and customer wise profitability using actual cost data
Requirements
- 2–5 years of experience in costing or audit
- Strong understanding of cost accounting principles, including BOM, cost drivers, and overhead allocation
- Bachelor's degree in Accounting, Finance, Commerce, or a related field
- CA Intermediate / CMA Intermediate / CMA (ICWAI)
- Good communication skills in English
Full Job Posting
Company Overview
- Integrated Plastics Packaging (I.P.P), the manufacturing powerhouse of the LUTFI Group of Companies, has been a leading innovator in flexible packaging since 1999.
Responsibilities
- Record and monitor actual costs related to production, including raw materials, labor, and overheads.
- Reconcile material consumption data with store issue records, production output, and ERP entries.
- Identify and report discrepancies between recorded consumption and physical movement, and support correction entries where required.
- Compare actual costs against standard costs and report variances.
- Analyze cost fluctuations and identify the reasons for deviations.
- Prepare monthly, quarterly, and annual cost reports, including standard vs. actual variance analysis and margins.
- Work closely with production, stores, and procurement teams to validate consumption data.
- Ensure accurate allocation of costs across departments and cost centers.
- Lead or support physical stock counts for raw materials, WIP, and finished goods on a monthly or quarterly basis.
- Liaise with production, stores, purchasing, and planning teams to ensure data accuracy.
- Participate in monthly and annual physical stock verification exercises for raw materials.
- Analyze job wise, product wise, and customer wise profitability using actual cost data.
Requirements
- 2–5 years of experience in costing or audit.
- Strong understanding of cost accounting principles, including BOM, cost drivers, and overhead allocation.
- Highly organized, detail oriented, and able to manage multiple priorities.
- Bachelor's degree in Accounting, Finance, Commerce, or a related field.
- CA Intermediate / CMA Intermediate / CMA (ICWAI).
- Good communication skills in English.
Pay
- AED 5,000.00 AED 6,000.00 per month
Work Location
- In person
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