Cost Analyst Manager - Savola

• Budgets and Plans: Contribute to the preparation of the Product Supply Section budget and monitor financial performance versus the budget so that the business is aware of anticipated costs and areas of unsatisfactory performance are identified. Support Product Supply team in preparing the Budget/Rolling Forecast/LRP plans.
• Policies Systems Processes & Procedures: Implement approved departmental policies processes procedures and instructions and monitor their adherence so that work is carried out in a controlled manner.
• Day to day Operations:
• Establish standard Manufacturing Costing Practices and uniform cost reporting for the Group.
• Provide Financial inputs on BOM at SKU creation.
• Quarterly review of all production cost vs Budget and provide corrective actions.
• Quarterly review of each element of supply chain cost vs Budget and analysis variance. e.g. Logistic Costs Freight inward and outward Insurance Export related cost etc. Monthend COGS variance analysis.
• Review Labor absorption /Production Variance.
• Manufacturing Variance Analysis for Labor Material & resources.
• Planning & Budgeting /Forecasting/Cogs for Group Quarterly and Yearly.
• Quarterly Forecasting WAC supporting to the Sales and Marketing for decision making.
• Monitor closely together with the procurement team the impact of the changes in Raw material/Packing Material prices and provide financial impact Risks and mitigations.
• Develop and implement Cost saving tracker and highlighting areas of concern.
• Monthly reports packs for KPIs related to Production logistic and procurement.
• Continuous Improvement: Contribute to the identification of opportunities for continuous improvement of systems processes and practices taking into account international best practice improvement of business processes cost reduction and productivity improvement.
• Reporting: Preparing insightful reports and financial analysis to support Product Supply team in decision making highlighting significant variances vs. Budget Forecast and previous year.
• Health Safety & Environment: Monitor the adherence to all relevant safety and environmental management procedures and controls to guarantee employee safety legislative compliance delivery of high-quality products/service and a responsible environmental attitude.
• Related Assignments: Perform other related duties or assignments as directed.

Qualifications Experience & Skills

• Education: CIMA Qualified/CPA/CA/ICMA
• Language: English
• Skills:
• Advanced or working knowledge experience with Microsoft Dynamic D365
• Ms. Office
• Effective stakeholder engagement
• Analytical & Critical thinking
• Leadership
• Problem solving
• Decision making
• Good listener & communicator
• Documentation and writing skills.
• Confident Presenter
• Experience:
• Experience in running and developing ERP and financial IT systems Microsoft Dynamics 365 Oracle Fusion.
• Ideally experience in working in a Manufacturing environment.
• A well-rounded Finance Professional with at least 4-5 years of experience who developed his/her career with blue chip companies in the food processing manufacturing or FMCG/Retail industry.
• Minimum 2-3 years of experience in Food processing/ Manufacturing/FMCG.
• Experienced in Emerging Markets (especially Middle East and Asia).

ABOUT SAVOLA

At Savola we know who we are and we know what we are doing. We are the leading strategic investment holding group in the food and retail sectors across the MENA (Middle East North Africa) region. We are proud of our Saudi heritage our current international presence and the ethical business model that sets us apart. We think that companies perform best when they play to their strengths. For us this means focusing our resources on building a strong portfolio of assets in the food and retail sectors. Through companies under our two entities Savola Foods and Savola Retail we now operate large numbers of grocery stores and produce everyday household staples loved by consumers in 50 countries. Our profits also come from stakes we hold in other companies in our core sectors and other industries.

Life at Savola

Due to our reputation as one of the Kingdom's leading employers we remain committed to ensure the welfare of all our employees reflected in a wide range of programs designed to enhance career development; recognise and reward outstanding staff and their achievements and promote a positive balanced professional environment.

Our People

At Savola we are committed to adding value for all stakeholders as our human capital philosophy does not only benefit employees but also has a direct effect on business performance and ultimately the value we offer to our shareholders. That's why investing in human capital is one of our core strategic priorities. Therefore Savola enables its employees to create professional value by acquiring and developing a highly skilled and competent workforce that will face respond and lead challenges while investing in a values-driven culture that promotes outstanding performance and fosters leadership.