Cost Accountant

International Food Industries; Fujairah City; On-site; AED 60,000 - 80,000; Full time

Job summary

A leading company in the food industry is seeking a Cost Accountant to provide accurate cost analysis and support budgeting processes. The role involves monitoring costs, preparing reports, and collaborating with production and procurement teams to ensure data accuracy. The ideal candidate will have a Bachelor’s degree in commerce or accounting and CMA certification, along with strong analytical skills and proficiency in Excel.

Qualifications

• Bachelor's degree required, CMA certification mandatory.
• Excellent analytical and quantitative skills needed.

Responsibilities

• Analyze and monitor cost variances, provide actionable recommendations.
• Prepare monthly cost reports and analyze deviations against budgeted costs.

Skills

Analytical Skills

Quantitative Skills

Education

Bachelor’s degree in commerce, Accounting, or a related field

CMA certification

Tools

Microsoft Excel

Job description

Job Description

To provide accurate and timely cost analysis, support budgeting and forecasting processes, monitor manufacturing and operational costs, and ensure proper cost allocation to support decision-making and profitability analysis.

Key Tasks/Accountabilities:

1. Analyze and monitor cost variances, investigate causes, and provide actionable recommendations.
2. Prepare and maintain cost sheets for all products and update them regularly based on raw material prices, labor rates, and overhead changes.
3. Collaborate with the production and procurement teams to ensure cost data accuracy and efficiency in operations.
4. Assist in the preparation of standard costs and conduct regular reviews to align with actual expenses.
5. Prepare monthly cost reports and analyze deviations against budgeted costs.
6. Support the Finance Manager in budgeting, forecasting, and planning activities by providing relevant cost data and analysis.
7. Participate in inventory valuation processes, including cycle counts and year-end physical inventory.
8. Ensure accurate allocation of direct and indirect costs to respective cost centers.
9. Support internal and external audits related to costing and inventory.
10. Identify and recommend cost-saving opportunities and efficiency improvements.
11. Contribute to the implementation and maintenance of cost accounting systems and ensure proper integration with ERP systems.
12. Perform any other related duties assigned by the Finance Manager.
13. Deputise for the Head of Finance Services as required.

Person Specification

Chief Accountant:

Department/Section: Finance

Job Title: Cost Accountant

Reports to: Finance Manager

Job Purpose

To provide accurate and timely cost analysis, support budgeting and forecasting processes, monitor manufacturing and operational costs, and ensure proper cost allocation to support decision-making and profitability analysis.

Qualifications/Experience:

• Bachelor’s degree in commerce, Accounting, or a related field.
• CMA certification is a must.
• Excellent analytical and quantitative skills.
• High proficiency in Microsoft Excel and data analysis tools.