Sr. Officer, Costing

Hikma Quality

Key Responsibilities:

Costing:

Execute costing activities and ensure timely, accurate, and reliable reporting.

Develop, maintain, and review standard cost models for products and operations.

Analyze variances between actual and standard costs and provide detailed root cause analysis and recommendations.

Oversee and approve the inventory scrapping process by reviewing supporting documents and conducting the necessary investigations.

Coordinate with procurement, production, supply chain, and finance teams to collect and validate cost-related data.

Monitor inventory valuation and costing controls to ensure accuracy and compliance with accounting standards.

Identify cost-saving opportunities and provide recommendations to management.

Support budgeting, forecasting, and financial planning activities related to costing.

Ensure compliance with internal controls, policies, and procedures.

Fixed Assets Accounting & Control:

Maintain and update the fixed asset register in compliance with company policies and applicable accounting standards.

Perform monthly, quarterly, and annual fixed asset closing activities, including depreciation, disposals, transfers, capitalization, and impairment reviews.

Reconcile fixed asset general ledger accounts with the fixed asset register and resolve discrepancies in a timely manner.

Prepare fixed asset reports and disclosures to support financial reporting.

Monitor Assets Under Construction (AUC) and ensure timely and accurate capitalization.

Lead periodic physical verification and inventory counts of fixed assets, track asset movements and verify asset existence, location, and investigate identified variances.

Support internal and external audits by providing required asset documentation, analysis, and explanations.

Support budgeting, forecasting, and financial planning activities related to CAPEX.

Qualifications:

We are looking for candidates whose experience and skills align closely with the qualifications outlined below:

Bachelor s degree in accounting, Finance, or a related field.

2 5 years of experience in costing and/or fixed assets accounting, preferably within the manufacturing or pharmaceutical industry.

Strong knowledge of costing principles, inventory accounting, and fixed asset accounting.

Familiarity with ERP systems such as SAP or Oracle is preferred.

Strong analytical, problem-solving, and communication skills.

Good command of Microsoft Excel and financial reporting tools.

Ability to work independently and collaboratively in a fast-paced environment.

Knowledge of IFRS and internal control practices is an advantage.