Cost Accountant

The Cove Rotana Resort - Franchised; Ras Al Khaimah; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading resort company is seeking a detail-oriented Cost Accountant to analyze costs and prepare budget reports. Responsibilities include analyzing raw material and labor costs, monitoring expenditures, and recommending cost reduction strategies. The ideal candidate holds a Bachelor's degree in Accounting or Finance and has strong analytical and communication skills, alongside experience in cost accounting. This role is vital for informed financial decisions within the organization.

Qualifications

• Proven work experience as a Cost Accountant or similar role.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.

Responsibilities

• Analyzing costs of raw materials, labor, and inventory.
• Preparing budget reports and monitoring expenditures.
• Conducting cost analysis to identify cost-saving opportunities.

Skills

Cost accounting principles

Financial analysis

Budgeting and forecasting

ERP systems

Analytical skills

Communication skills

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Accounting software

MS Excel

Job description

Summary

We are seeking a detail-oriented Cost Accountant to join our team. The Cost Accountant will be responsible for analyzing costs and preparing budget reports for our organization to help make informed financial decisions.

Job Responsibilities

• Analyzing costs of raw materials, labor, and inventory to provide accurate cost information
• Preparing budget reports and monitoring expenditures to ensure they remain within budget
• Conducting cost analysis to identify cost-saving opportunities
• Collaborating with various departments to gather cost data and improve cost efficiency
• Assisting in month-end and year-end financial closings
• Recommending cost reduction strategies to management
• Ensuring compliance with financial regulations and company policies

Candidate Requirements

• Bachelor's degree in Accounting, Finance, or related field
• Proven work experience as a Cost Accountant or similar role
• Strong analytical skills and attention to detail
• Proficiency in accounting software and MS Excel
• Excellent communication and interpersonal skills
• Ability to work well under pressure and meet deadlines
• Knowledge of financial regulations and cost accounting principles

Skills

• Strong proficiency in cost accounting principles and practices
• Advanced knowledge of financial analysis and reporting
• Expertise in budgeting and forecasting processes
• Ability to analyze financial statements and identify cost-saving opportunities
• Proficiency in ERP systems and financial software
• Excellent analytical and problem-solving skills
• Attention to detail and accuracy in financial data
• Strong communication and interpersonal skills
• Ability to work under pressure and meet tight deadlines
• Knowledge of industry regulations and compliance standards