Industrial Accountant

Prime Plastic Industries L.L.C.; Abu Dhabi; On-site; AED 60,000 - 120,000; Full time

Job summary

An established industry player is seeking an Industrial Accountant to oversee and analyze financial operations within manufacturing. This pivotal role focuses on cost accounting, budgeting, and financial reporting, ensuring that the organization maintains accurate records while adhering to industry standards. The ideal candidate will possess a strong background in accounting, particularly within the manufacturing sector, and will be adept at using accounting software and Excel. This opportunity offers a chance to significantly impact cost efficiency and profitability, making it perfect for someone passionate about finance and operational excellence.

Qualifications

• Bachelor’s degree in Accounting or Finance; professional qualification is a plus.
• Proven experience in a manufacturing environment, especially in cost accounting.

Responsibilities

• Manage financial records related to manufacturing and conduct cost analyses.
• Prepare financial reports and ensure compliance with accounting standards.

Skills

Analytical Skills

Problem-Solving

Communication Skills

Attention to Detail

Education

Bachelor’s degree in Accounting

Professional accounting qualification (CPA, CMA, ACCA)

Tools

SAP

Oracle

Excel

Job description

Location: Abu Dhabi, UAE
Department: Finance/Accounting
Reports To: Finance Manager/Chief Financial Officer (CFO)

Job Overview:
The Industrial Accountant is responsible for managing and analysing the financial aspects of manufacturing operations within the company. This role involves cost accounting, budgeting, financial reporting, and supporting the management team with insights to drive cost efficiency and profitability in the production process. The Industrial Accountant plays a critical role in ensuring accurate financial records and compliance with industry standards.

Key Responsibilities:

• Maintain and manage all financial records related to manufacturing operations, including cost accounting and inventory management.
• Prepare detailed cost analyses for production activities, including material, labour, and overhead costs.
• Monitor and analyse variances between actual production costs and budgeted costs, providing insights and recommendations to management.
• Develop and manage the budgeting process for manufacturing operations, ensuring alignment with overall company financial goals.
• Prepare and present financial reports, including profit and loss statements, balance sheets, and cash flow analyses, specific to manufacturing operations.
• Conduct periodic inventory audits and ensure accurate valuation of raw materials, work-in-progress, and finished goods.
• Collaborate with the production and procurement teams to identify opportunities for cost reduction and efficiency improvements.
• Ensure compliance with local and international accounting standards, as well as industry-specific regulations.
• Assist in the preparation of financial forecasts and support decision-making with relevant financial data.
• Coordinate with external auditors during financial audits and provide necessary documentation and explanations related to manufacturing costs.
• Implement and maintain effective internal controls to safeguard company assets and ensure accurate financial reporting.

Desired Candidate Profile

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; a professional accounting qualification (e.g., CPA, CMA, ACCA) is highly desirable.
• Proven experience as an Industrial Accountant or Cost Accountant in a manufacturing environment, preferably within the plastic or HDPE industry.
• Strong understanding of cost accounting principles and practices.
• Proficient in accounting software (e.g., SAP, Oracle, or similar) and advanced Excel skills.
• Excellent analytical and problem-solving abilities.
• Strong organizational skills with attention to detail.
• Ability to communicate financial information clearly and effectively to non-financial managers.
• Knowledge of local tax laws and regulations in the UAE is an advantage.