Junior Manager – FP&A Inventory & Costing

Job title: Junior Manager – FP&A Inventory & Costing

Company: IFFCO


Job description: Job PurposeThe Junior Manager – FP&A, Inventory & Costing will collaborate closely with cross-functional teams including Production, Maintenance, R&D, Quality, Supply Chain, and Warehouse. This role is focused on supporting the achievement of key manufacturing KPIs, with a particular emphasis on waste reduction, inventory optimization, and cost analysis to drive financial efficiency and operational excellence.Key Responsibilities * Manufacturing KPI Monitoring and Analysis

• Track, analyze, and report on key manufacturing KPIs, including waste reduction, BOM optimization, FOH cost, and energy consumption.
• Provide actionable insights and recommendations to drive improvements in manufacturing processes.
• Bill of Materials (BOM) Optimization

• Collaborate with Production and R&D to ensure accurate BOM costing and usage.
• Identify opportunities for BOM optimization to enhance cost-effectiveness and reduce waste.
• Fixed Overhead (FOH) Cost Management

• Analyze FOH expenses and develop strategies to improve cost-efficiency.
• Work with maintenance and production teams to manage and forecast FOH costs, ensuring alignment with budget.
• Energy Consumption Tracking

• Monitor and analyze energy consumption within manufacturing processes.
• Propose initiatives to reduce energy usage, in collaboration with the maintenance and production teams.
• Cost Absorption and Manpower Analysis

• Ensure efficient cost absorption through accurate cost allocation and analysis.
• Monitor and assess manpower usage to optimize labor costs in line with production needs.
• Raw Materials (RM) and Packaging Materials (PM) Inventory Optimization

• Work closely with Supply Chain and Warehouse teams to optimize RM & PM inventory levels, minimizing excess stock and improving cash flow.
• Conduct regular inventory analysis and implement strategies to ensure inventory accuracy and efficiency.
• Capacity Utilization Tracking

• Monitor capacity utilization and provide insights to optimize resource usage.
• Collaborate with production to align capacity planning with production forecasts and demand.
• CAPEX Business Case Preparation

• Develop and evaluate business cases for CAPEX investments to support production efficiency and growth.
• Work with finance and operational teams to ensure CAPEX projects align with financial objectives and ROI expectations.
• Gross Margin Analysis

• Analyze gross margin performance, identifying key drivers and variances.
• Collaborate with finance and operational teams to develop strategies for margin improvement.

Qualifications

• Education: Bachelor’s degree in finance, Accounting, Business, or related field; additional qualifications in Cost Accounting or Manufacturing are advantageous.
• Experience: 3+ years of experience in financial analysis, inventory management, or costing in a manufacturing environment.
• Technical Skills: Proficiency in ERP systems (e.g., SAP, Oracle), advanced Excel skills, and knowledge of costing methodologies.
• Soft Skills: Strong analytical and problem-solving abilities, effective communication, and the capacity to collaborate cross-functionally.

Key Competencies

• Detail-oriented with a strong focus on accuracy and efficiency
• Proactive in identifying areas for cost reduction and process improvement
• Ability to interpret and analyze data for effective decision-making
• Cross-functional collaboration skills to drive alignment and productivity

Business Unit: Oil & Fats – Pakistan (PKBU02)Business Group: IFFCO Pakistan (Pvt) Ltd (PK01)

Expected salary:

Location: Pakistan

Job date: Thu, 07 Nov 2024 06:24:31 GMT

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