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Job Description

DWP Group is seeking an individual for a position of Manager Budgeting, Planning and Product Costing for one of its Business Divisions. The ideal candidate for this position must have Strong Budgeting & costing, financial planning, rich analytical, communication and organizational skills. The suitable candidate will be working closely with Factory Management while regularly reporting to C level management at Group HO level.

Main Responsibilities:

  • Develop policies, procedures and MIS for financial budgeting, standard costing and cost control function to ensure efficient operational excellence.
  • Develop and implement internal controls and processes to ensure real time data accumulation, analysis and reporting.
  • Coordinating with operations, procurement, engineering and production functions for preparation of departmental budgets ensuring correctness, completeness and conformance of data with established policies and organizational objectives.
  • Prepare annual master budget and undertake periodic reviews of actual performance of business operations identifying Key Budget Performance Indicators.
  • Review Product specifications, BOQs and BOMs to prepare an accurate and comprehensive product costing system and cost control measures.
  • Responsible for collection data including but not limited to Materials, Labor and Overhead to workout internal manufacturing costs for various cost centers, products, services and cost rates.
  • Conducting budgets vs. standard vs. actual cost analysis on all segments of business operation and reporting of results.
  • Recommending corrective actions for any under- or over-run in budgeted costs, standard costs (material, machines hours, labor and overheads) and coordinating progress with concerned departments.
  • Preparing and reporting costs trends & forecasting analysis for procurement, production and projects.
  • Developing and maintain optimum stock levels of raw material, supplies and finished goods. Defining Reorder levels and Economic Order Quantities for Raw Material Items.
  • Ensuring and coordinating with Internal Audit teams for periodic physical inventory counts and cycle counts.
  • Work with the materials review committee to identify and dispose of obsolete inventory items, production waste and scrap as per company policies.
  • Preparing monthly reports including cost of production and reviews of cost performances of all heads of accounts including raw material items for the period for departmental review.
  • Rendering financial advice to the operational management to maintain efficiency while ensuring smooth business operation.
  • Assisting HO in financial projections, forecasting and planning, taking into consideration the projects undertaken by the business division.
  • To perform other duties and tasks as assigned.

Job Requirement:

  • Should be a CA/CMA/ACCA with minimum 3 years post qualification experience in the industry. 
  • Must have strong interpersonal & communication skills with ability to work with multi-department teams. 
  • Computer proficiency and MIS development skills is a must.
  • Will be required to travel across Pakistan to various business locations.
  • Market competitive compensation will be offered.

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Full Time/Permanent
Job Location:
40 - 45 Years
Minimum Education:
Degree Title:
Career Level:
Experienced Professional
Minimum Experience:
3 Years
Apply Before:
Jul 13, 2018
Posting Date:
Jun 13, 2018
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Digital World Pakistan Pvt Ltd

Electronics · 2001-2500 employees - Lahore

DWP Group is a leading provider of products, service and solutions in the field of Consumer Electronics & Technology. Globally acclaimed, highly reliable products with cutting-edge technology from the world’s best engineered companies and experts uniquely position us to deliver comprehensive solutio ...Read More