Product Cost Analyst

Job Description

Department

Finance

Location

6th of October City

Direct Reporting Line to

Product Cost Manager

Indirect Reporting Line to

Direct Reports

Job Level

‎5

Job Purpose

• 
  

  The main objective of the role of the Product Cost Senior Analyst is to:

  
  


• 
  

  Maintain effective control over the various classifications of inventory accounts.

  
  


• 
  

  Generate a monthly accurate cost of sales report.

  
  


• 
  

  He will review & submit the new standard cost. Ensure accuracy of month-end closing journal entries. Along with applying annual physical count whether at supplier or in plant.

  
  

Key Responsibilities:

The responsibilities for this position are broken down as follows: Local
(applicable to the MEO only), Regional (applicable to GMIO) and Global
(applicable across GM-defined regions)

Local (percentage of allocated time)
* Perform cost run for parts/products on monthly basis, after reviewing new standard rates against previous one.
* Update OH, Labor, Landed Cost rates after collecting full data required.
* Perform a month-end closing journal entries according to monthly schedule by meeting due dates.
* Prepare monthly aging report for all inventory items, which may lead to forming provision for slow moving items and obsolete items.
* Analyzing goods in-transit, customs, freight, and other landed cost accounts, posting actual vs. standard variance, and accrual on monthly basis.
* Monthly analysis for inventory adjustment with direct COGS effect.
* Review and control inventory purchase requisitions for parts not under-agreements.
* Review and post cycle count according to change in BOM or API reflection.
* Accountable for communications with auditors, and annually financial review.
* Conduct physical inventory counts at GM Egypt plant and investigate cycle counts results.
* Other tasks as deemed appropriate to accomplish the job requirements

Regional (percentage of allocated time)
Global (percentage of allocated time)
Required Knowledge, Skills, Experience and Competencies

Knowledge and Experience:
* From ‎2 to ‎5 years of experience at Finance, preferable to have ‎2 years in a Product Cost Analysis position.

Education:
* Bachelor's degree in Accounting or Finance.
* CMA holder is preferred.

Skills:
* SAP Knowledge in Product Cost is preferred.
* Excellent in Microsoft Excel.
* High analytical Skills is required.
* Good communication skills.
* Speaks and writes English language fluently.

Competencies:
* Time Management
* Presentation Skills
* Problem Solving
* Action Oriented
* Choose an item.

Additional Job Description

Department

Finance

Location

6th of October City

Direct Reporting Line to

Product Cost Manager

Indirect Reporting Line to

Direct Reports

Job Level

‎5

Job Purpose

• 
  

  The main objective of the role of the Product Cost Senior Analyst is to:

  
  


• 
  

  Maintain effective control over the various classifications of inventory accounts.

  
  


• 
  

  Generate a monthly accurate cost of sales report.

  
  


• 
  

  He will review & submit the new standard cost. Ensure accuracy of month-end closing journal entries. Along with applying annual physical count whether at supplier or in plant.

  
  

Key Responsibilities:

The responsibilities for this position are broken down as follows: Local
(applicable to the MEO only), Regional (applicable to GMIO) and Global
(applicable across GM-defined regions)

Local (percentage of allocated time)
* Perform cost run for parts/products on monthly basis, after reviewing new standard rates against previous one.
* Update OH, Labor, Landed Cost rates after collecting full data required.
* Perform a month-end closing journal entries according to monthly schedule by meeting due dates.
* Prepare monthly aging report for all inventory items, which may lead to forming provision for slow moving items and obsolete items.
* Analyzing goods in-transit, customs, freight, and other landed cost accounts, posting actual vs. standard variance, and accrual on monthly basis.
* Monthly analysis for inventory adjustment with direct COGS effect.
* Review and control inventory purchase requisitions for parts not under-agreements.
* Review and post cycle count according to change in BOM or API reflection.
* Accountable for communications with auditors, and annually financial review.
* Conduct physical inventory counts at GM Egypt plant and investigate cycle counts results.
* Other tasks as deemed appropriate to accomplish the job requirements

Regional (percentage of allocated time)
Global (percentage of allocated time)
Required Knowledge, Skills, Experience and Competencies

Knowledge and Experience:
* From ‎2 to ‎5 years of experience at Finance, preferable to have ‎2 years in a Product Cost Analysis position.

Education:
* Bachelor's degree in Accounting or Finance.
* CMA holder is preferred.

Skills:
* SAP Knowledge in Product Cost is preferred.
* Excellent in Microsoft Excel.
* High analytical Skills is required.
* Good communication skills.
* Speaks and writes English language fluently.

Competencies:
* Time Management
* Presentation Skills
* Problem Solving
* Action Oriented
* Choose an item.

About GM

Our vision is a world with Zero Crashes, Zero Emissions and Zero Congestion
and we embrace the responsibility to lead the change that will make our world
better, safer and more equitable for all.

Why Join Us

We aspire to be the most inclusive company in the world. We believe we all
must make a choice every day - individually and collectively - to drive
meaningful change through our words, our deeds and our culture. Our Work
Appropriately philosophy supports our foundation of inclusion and provides
employees the flexibility to work where they can have the greatest impact on
achieving our goals, dependent on role needs. Every day, we want every
employee, no matter their background, ethnicity, preferences, or location, to
feel they belong to one General Motors team.

Diversity Information

General Motors is committed to being a workplace that is not only free of
discrimination, but one that genuinely fosters inclusion and belonging. We
strongly believe that workforce diversity creates an environment in which our
employees can thrive and develop better products for our customers. We
understand and embrace the variety through which people gain experiences
whether through professional, personal, educational, or
volunteeropportunities.

We encourage interested candidates to review the key responsibilities and
qualifications and apply for any positions that match your skills and
capabilities.