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Cost Analyst
2 weeks ago
Company Description
Nishat Mills Ltd., the flagship company of the Nishat Group, is the largest and most modern textile company in Pakistan. Founded in 1951, it is a vertically integrated textile company that is now listed on all three stock exchanges of Pakistan. Nishat Mills is renowned for its composite setup and state-of-the-art facilities, providing high-quality textiles to a global market.
Role Description
- Prepared detailed production, cost analysis reports and forecasts to support strategic decision-making by top management.
- Analyzed variable, and fixed costs to identify areas for cost savings and process improvements.
- Participate in physical inventory counts to ensure the accuracy of inventory records.
- Perform regular reconciliations of inventory records to identify and resolve discrepancies between the Costing system and physical counts.
- Prepare detailed inventory valuation reports of Rupees Seven Billion Fabric Inventory, including variance analysis, Stock Aging Reports, and key performance indicators for management review.
- Assist with internal and external audits related to monthly, quarterly and annual inventory Valuation
- Led a team of cost analysts to prepare accurate cost estimates and budgets for Production & Marketing departments.
- Monitored and reviewed actual fabric costs against budgets, recommending corrective actions to maintain financial performance.
- Conducted monthly financial analysis including
MIS Report & Executive Summary
, identifying cost-saving opportunities and optimizing financial strategies. - Work closely with various departments to ensure cost-efficiency and support financial decision-making.
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Coordination with IT Department for improvement in current system and development of New Projects.
- Qualifications
Professional Education
ACMA
Institute of Cost & Management
Accountants of Pakistan
M.Sc. (Computer Science)
G.C.U Lahore.
