Senior Costing Analyst

About MBRF and Role Overview

Join one of the world's leading food companies dedicated to innovating and delivering quality products with a global vision and local focus. MBRF, part of a vast global team with over 100,000 employees, values ethics, transparency, and innovation in all its commitments including sustainability. We actively promote diversity and inclusivity, inviting candidates, including persons with disabilities, to apply.

Key Responsibilities

• Analyze and report on production costs, identifying deviations from budgets and month-on-month trends to assist in decision-making and optimize production expenses.
• Manage routine cost planning including defining factory cost allocation criteria, evaluating changes in recipes, raw materials, and production methods for cost impact.
• Simulate costs of new SKUs and production plans, and assess costs related to activities such as rework, material write-offs, stoppages, trials, losses, and make-or-buy decisions.
• Monitor category profitability to highlight risks and opportunities for maximizing profits.
• Develop and maintain advanced financial models for forecasting performance, assessing new investments, and scenario planning.
• Ensure adherence to financial regulations, statutory and managerial financial projections, and define transfer pricing strategies.
• Collaborate across departments to deliver insightful financial analysis and business recommendations.
• Support compliance with sustainability policies and align daily activities with environmental, social, and governance goals to promote sustainable development.

Required Qualifications and Skills

• Minimum of three years experience in industrial plant environments, handling production data entry and inventories.
• Bachelor's degree in Business Management or related fields; professional qualification in Cost Accounting such as CMA or CIMA preferred.
• Strong knowledge of budget and costing evaluation, cost accounting, and analysis principles.
• Proficient in IFRS standards and financial consolidation processes.
• Experience using SAP ERP modules and advanced MS Excel, PowerPoint, and Power BI.
• Good planning, organization skills, adaptability, strong communication, and interpersonal abilities.

Core Competencies

• Expertise in cost analysis, variance management, and product costing including standard versus actual cost and material, labor, and overhead variances.
• Analytical thinking with the ability to perform root cause analysis and develop data-driven solutions for cost, inventory, and production variances.
• Effective business partnering and stakeholder engagement with cross-functional teams to influence operational decisions through financial insights.
• Experience in budgeting, forecasting, KPI monitoring, cost reporting, and ensuring data accuracy.
• Commitment to continuous improvement through identifying cost reduction opportunities, enhancing costing processes, and supporting profitability initiatives.

Employment Benefits

• Work in a collaborative and dynamic multinational environment.
• Engage in a strong corporate culture dedicated to customers, employees, and environmental stewardship.
• Access vertical, horizontal, and cross-functional career advancement opportunities.
• Competitive remuneration package.