Cost Analyst

2 weeks ago

Lahore, Punjab, Pakistan Nishat Mills Ltd. Full time 900,000 - 1,200,000 per year

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.

·   
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.

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