About the job Cost Accountant
We are seeking a detail-oriented and experienced Cost Accountant to join our manufacturing finance team. The role focuses on analyzing production costs, monitoring inventory, and supporting management in decision-making related to cost efficiency, pricing, and profitability. The ideal candidate should have strong accounting knowledge with hands-on experience in cost accounting for manufacturing operations in the UAE.
Key Responsibilities
Cost Accounting & Financial Analysis
-
Prepare and maintain detailed cost records for raw materials, labor, and overheads.
-
Monitor and analyze production costs, variances, and profitability by product line or department.
-
Assist in setting product pricing strategies based on cost and market data.
-
Conduct standard costing and variance analysis (material, labor, and overhead).
Inventory & Material Management
-
Maintain accurate inventory accounting and valuation for raw materials, WIP, and finished goods.
-
Ensure proper allocation of manufacturing costs to products and cost centers.
-
Reconcile inventory and cost accounts on a monthly basis.
Reporting & Compliance
-
Prepare monthly, quarterly, and annual cost reports for management review.
-
Support budgeting, forecasting, and financial planning activities.
-
Ensure compliance with UAE accounting standards, internal controls, and statutory regulations.
-
Coordinate with external auditors during audits and provide cost-related information as required.
Process Improvement
-
Recommend cost control measures and process improvements for manufacturing operations.
-
Collaborate with production, procurement, and finance teams to optimize costs and efficiency.
Requirements
Education & Certification
-
Bachelors degree in Accounting, Finance, or related field.
-
Professional certification (ACCA, CPA, CMA) is a plus.
Experience
-
Minimum 3 years of cost accounting experience in a manufacturing company in the UAE.
Skills & Competencies
-
Strong understanding of cost accounting principles, standard costing, and variance analysis.
-
Proficiency in accounting software and MS Excel for data analysis.
-
Analytical mindset with attention to detail.
-
Strong communication and reporting skills.
-
Ability to work independently and meet deadlines in a fast-paced environment.