Cost Efficiency Specialist

17 hours ago


Kuwait City, Al Asimah Lumière Co. Full time
Job Overview

Lumière Co. is seeking a highly skilled Cost Efficiency Specialist to join our team. As a key member of our finance department, you will play a crucial role in optimizing financial performance and ensuring cost efficiency in our food manufacturing operations.

Responsibilities
  1. Cost Monitoring & Analysis:
  • Track and analyze raw material, packaging, and production costs.
  • Identify cost variances and recommend corrective actions.
  • Evaluate the cost impact of process inefficiencies and waste.
Budgeting & Forecasting:
  • Assist in preparing cost budgets and forecasts.
  • Compare actual costs to budgeted figures and analyze discrepancies.
  • Provide insights on cost trends to optimize financial planning.
Inventory & Waste Control:
  • Monitor stock levels and ensure accurate costing of inventory.
  • Identify and reduce material wastage in production.
  • Work closely with procurement and production teams to optimize inventory usage.
Reporting & Compliance:
  • Prepare cost reports, including production cost summaries and variance analysis.
  • Ensure compliance with internal financial policies and external regulations.
  • Support audits by providing accurate cost data and documentation.
Process Improvement & Cost Reduction:
  • Recommend process improvements to enhance cost efficiency.
  • Analyze supplier pricing and procurement strategies to reduce costs.
  • Work with cross-functional teams to implement cost-saving initiatives.
Requirements
  • Education: Bachelor's degree in Accounting, Finance, Business, or a related field.
  • Experience: Proven experience in cost control within food manufacturing or FMCG.
  • Skills: Strong understanding of cost accounting principles and financial analysis.
  • Software: Proficiency in ERP systems and financial reporting tools.
What We Offer
  • Competitive Salary: Based on experience.
  • Paid Time Off: And other benefits.
  • Career Development: Opportunities for growth and professional development.

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