Cost Accounting Analyst (FP&A, Budgeting and Forecasting)

NOV Inc; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading energy services company in Abu Dhabi seeks a cost analysis support professional for financial analysis and forecasting in Coating operations. The role involves managing the CPQ Configurator, supporting financial health across multiple plants, and requires a minimum of 3 years of cost accounting experience. Strong Excel skills and knowledge of accounting principles are essential, and the candidate should be willing to travel to Dammam for plant oversight. This role the chance to work in a dynamic environment with tight deadlines.

Qualifications

• Minimum of 3 years cost accounting experience, preferably from Oil and Gas industry.
• Experience in both Cost Accounting and FP&A is essential.
• Willing to make regular visits to Dammam for the Saudi Coating Plant.

Responsibilities

• Assist in financial analysis and decision making for coating plants.
• Implement and maintain Cost Configurator module in JDE.
• Develop and manage processes ensuring the accuracy of job costing standards.
• Produce and analyze month-end reports and variance reporting.

Skills

Strong Excel Skills

Strong accounting theory and application

Experience with Hyperion & Smartview

Experience with JDE or similar accounting system

Education

Bachelor’s degree in Accounting/Finance

Job description

NOTE: Please ONLY apply if you have sufficient experience and skills required as per job description below.

Job Summary

Tuboscope coating is in need of cost analysis support for Middle East Coating and Inspection Operations. Role will be focused on managing the CPQ Configurator as well as supporting region management with financial analysis and forecasting.

Primary Responsibilities

• Partner with Plant leadership to assist in financial analysis and decision making in support of the financial health of the two Coating plants (UAE (Abu Dhabi) and KSA (Dammam))
• Implementation and ongoing maintenance / support of Cost Configurator module in JDE for Tuboscope facilities
• Assists in developing, implementing, managing and continually measuring processes ensuring the accuracy of job costing standards, including annual and ad-hoc cost roll exercises as required
• Ensure integrity of Work Order processing from material issues, labor postings, and associated variances
• Provide insight and guidance to profitability of various functions and products within the Plant in order to partner with Management and improve results
• Review and monitor WIP and outside process clearing account and adjust as necessary
• Annual Budget and rolling Forecast to include Hours, Headcount and Production expenses (Direct and Indirect)
• Support production team with ad-hoc inquiries, requests and reporting
• Work closely with Plant management to analyze daily, weekly and monthly work in process (WIP)
• Reviews accuracy of Plant processes, including Purchased parts cost verification, Router development, Overhead cost verification, Labor rate verification
• Produces and analyzes month end reports, including variance reporting and plant Overall Equipment Effectiveness (OEE) performance
• Performs duties associated with SOX compliance, including WIP reconciliation, WIP subledger aging, Inventory reconciliation and Manufacturing Segregation of Duties
• Prepare ad-hoc data analysis and reports for operations management as needed
• All other duties as assigned
• Review balance sheet and P&L accounts and provide detailed variance explanations and resolve potential errors
• Regional FP&A Support including business performance review, forecasting and budgeting support to regional operations management team

Technical Competencies

• Strong Excel Skills
• Strong skills and knowledge of accounting theory and application of financial principles
• Experience with Hyperion & Smartview is beneficial
• Strong experience with JDE or similar accounting system as it relates to job costing

Job Specific Competencies

• Bachelor’s degree (Accounting / Finance)
• Minimum of 3 years cost accounting experience, preferably from Oil and Gas industry
• Experience in both Cost Accounting and FP&A is essential
• Willing to make regular visits to Dammam for the Saudi Coating Plant
• Ability to analyze manufacturing process costing, identify variances and drive adjustments to standards
• Skilled in identifying trends and drawing conclusions from large amounts of data
• Pro-active operating style requiring high energy level and tolerance to tight deadlines