Cost Accountant Albatha Group Sharjah
Full time @Albatha Group posted 1 month ago in Retail Shortlist Email JobJob Detail
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Job ID 22375
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Career Level Intermediate
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Experience 3 Years
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Gender Male Female
Job Description
Cost Accountant at Albatha Group plays a crucial role in analyzing and controlling the costs of manufacturing operations, ensuring accurate product costing, inventory management, and assisting in budgeting and financial reporting. This position works closely with operations, finance, and management teams to provide cost-related insights that support strategic decision-making and improve overall business efficiency. This is an Intermediate level full time job. And salary can range between 7000-15000 AED/month.
Responsibilities of Cost Accountant
- Costing & Cost Control:
- Prepare and analyze cost of goods sold (COGS) reports, including direct material, labor, and overhead costs.
- Calculate and allocate product costs (standard and actual costing methods).
- Perform cost variance analysis to identify discrepancies and suggest corrective actions.
- Develop and maintain accurate cost models for products and processes.
- Monitor and analyze cost trends, and work with production teams to control costs effectively.
- Inventory Management:
- Oversee and maintain accurate inventory valuation, including raw materials, work in process (WIP), and finished goods.
- Perform regular inventory reconciliation, identifying and investigating discrepancies.
- Monitor and manage excess and obsolete inventory, ensuring proper adjustments are made.
- Financial Reporting:
- Prepare monthly, quarterly, and annual cost-related reports for management review.
- Assist in the preparation of financial statements, focusing on accurate reporting of cost and inventory data.
- Provide financial insights and recommendations to improve profitability and cost efficiency.
- Cross-Functional Collaboration:
- Liaise with the operations and procurement teams to assess cost structures and identify opportunities for cost-saving initiatives.
- Collaborate with the sales and marketing teams to analyze pricing strategies and profitability analysis.
- Provide support to senior management in strategic decision-making related to product pricing, cost control, and profitability analysis.
Requirements for Role of Cost Accountant
- Bachelor’s degree in Accounting, Finance, or related field (required).
- Professional certification (e.g., CMA, CPA) preferred.
- 3+ years of experience in cost accounting or a related field within a manufacturing environment.
- Experience with SAP is a MUST.
Skills And Knowledge Desired
- Strong knowledge of cost accounting methods (standard costing, job order costing, process costing).
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy.
- Ability to communicate effectively with cross-functional teams.
- In-depth knowledge of cost allocation, inventory management, and financial reporting processes.
- Ability to work independently and prioritize tasks in a fast-paced environment.
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