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Principal Business Partner I, DS Job

Work Location:  KSA > Riyadh

An exciting opportunity is available for Principal Business Partner I, Finance based in Riyadh and will reports directly to Manager, Finance BP

 

Job purpose:

 

      To support business with costing of products, releasing of standard cost estimates running monthly closing cycles, reviewing postings, standard costing, and pricing; and prepare periodic COPA and monthly reports.

 

 

Role responsibilities:

 

  1. Sets up, reviews and updates periodically the costing system of the company ensuring that a prudent system of costing is in place which adequately captures all aspects of costs associated with a product for purpose of valuing finished goods and WIP and releasing of monthly standard cost estimates.
  2. Manages day-to-day finance support to BU ensuring active management and oversight of the BU P&L.
  3. Deliver timely financial analytics and business counsel to effectively measure business performance.
  4. Support an efficient and effective long-term planning, forecasting and analysis processes that produces accurate, achievable plans and forecasts that align with business’s strategic objectives
  5. Ensure effective communication between the BU and corporate functions on all finance-related questions.
  6. Plans, collects data and analyses effect of changes in product design, activities, specs, manufacturing methods or services and ensures that this is adequately reflected in the standard costing system.
  7. Reviews closing cost center costs and production costs and runs the monthly closing cycles within the required timeline.
  8. Review variances of actual against standard cost and initiates rectifying action by preparing exception reports for attention of the Finance Manager and relevant departments.
  9. Ensures that all the COPA postings are reconciled with the final income statements.
  10. Monitors - accuracy of inventory costing; reconciliation of physical quantities against book balances and reconciliation of inventory module balance against GL inventory value.
  11. Provides reports analyzing negative contribution products and advises on adequacy of pricing policies.
  12. Any other assignment given from time to time by the Management.

 

Qualification and Requirements:

 

  • CMA, SOCPA (Finance) or equivalent 
  • At least 5 years of professional experience out of which two years related to manufacturing industry

 

 

National Batteries Company (Battariat) is the first Saudi Arabian Automotive Battery Manufacturer, producing quality products, based on Advanced German Technology from Varta Batterie AG, Germany. The National Industrialization Company (TASNEE) holds 90% of the company’s shareholding, while the remaining shareholding is held by reputed businessmen of the country


Job Segment: Automotive

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