Product Costing Specialist

Al Ghurair; Dubai; On-site; AED 156,240 - 223,200; Full time

Job summary

Al Ghurair, based in Dubai, is looking for a Product Costing Specialist. This full-time role involves managing cost allocation, production efficiency, and variance control in the food production sector to help improve margins and operational performance.

The ideal candidate should hold a Bachelor's degree in a relevant field with 5-7 years of experience in cost accounting and a strong focus on product costing and inventory valuation. The position offers opportunities for career development within a diversified group.

Qualifications

• 5-7 years of relevant experience in cost accounting or manufacturing finance.
• Strong knowledge of product costing and inventory valuation.
• Ability to convert complex cost data into practical financial insights.

Responsibilities

• Maintain and validate standard costs and overhead absorption rates across operations.
• Perform monthly inventory valuation and reserve analysis.
• Support annual budget and rolling forecast cycles.

Skills

Product costing

Standard costing

Inventory valuation

Cost accounting

Manufacturing finance

Variance analysis

Budgeting and forecasting

Advanced Microsoft Excel

Power BI

Education

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

Professional accounting qualification (CMA, CIMA, ACCA, CPA)

Tools

ERP systems

KPI dashboards

Job description

Product Costing Specialist in Dubai, UAE within the Food Production sector is a strong opportunity for finance professionals with experience in product costing, inventory valuation, standard costing and manufacturing finance. The role supports accurate cost allocation, production efficiency analysis, variance control and business reporting across multi-process food manufacturing operations, helping management improve margins, control risks and strengthen operational performance.

Location: Dubai, UAE. Industry: Food Production. Function: Cost Estimating. Job Type: Full-time. Salary range: 14,000-20,000. Gender: Any. Nationality: Any.

Key Responsibilities

• Maintain and validate standard costs, bills of materials, routings and overhead absorption rates across food manufacturing operations.
• Perform monthly inventory valuation, reserve analysis and slow-moving or obsolete stock reviews.
• Reconcile inventory sub-ledgers with the general ledger and investigate valuation differences.
• Ensure product costing accuracy across plants, warehouses and SKUs.
• Track raw material costs, bulk SKUs, additives, discrete inventory items and related production cost elements.
• Analyze price, volume, mix, usage, yield, efficiency and overhead variances with clear root cause commentary.
• Partner with manufacturing, supply chain and commercial teams to identify cost reduction and productivity opportunities.
• Monitor savings initiatives and validate their financial impact for management review.
• Support annual budget and rolling forecast cycles for variable and fixed manufacturing costs.
• Review actual performance against budget and forecast, highlighting risks, opportunities and corrective actions.
• Develop scenario and sensitivity analysis to support operational and commercial decision-making.
• Support pricing, margin analysis and customer or product profitability reviews.
• Maintain costing, planning and reporting systems, including ERP and business intelligence tools.
• Support internal and external audits by preparing documentation, resolving issues and ensuring compliance.
• Execute month‑end closing activities related to cost of goods sold, inventory, provisions and related reconciliations.
• Prepare management reports, KPI dashboards and executive commentary with accurate financial insights.
• Conduct periodic physical counts and cycle counts with variance analysis and adjustment support.
• Lead and support process standardization, automation, controls improvement and change adoption initiatives.

Ideal Profile

• Bachelor's degree in Accounting, Finance, Cost Accounting, Business Administration or a related field.
• 5-7 years of relevant experience in cost accounting, inventory accounting, manufacturing finance or operations finance.
• Professional accounting qualification such as CMA, CIMA, ACCA, CPA or equivalent is preferred.
• Experience in food manufacturing, flour milling, oats milling, starch milling, poultry processing, oil crushing or similar production environments is an advantage.
• Strong knowledge of product costing, standard costing, inventory valuation and cost of goods sold reporting.
• Hands‑on experience with variance analysis including PPV, usage, yield, efficiency and overhead absorption.
• Good understanding of manufacturing, supply chain, production flows and inventory controls.
• Solid knowledge of IFRS and accounting standards related to inventory and costing.
• Ability to review complex cost data and convert it into practical financial insights for decision‑makers.
• Strong stakeholder management skills with the ability to work closely with finance, manufacturing, supply chain, operations and commercial teams.
• High attention to detail with a strong control, audit and compliance mindset.

Skills Set

• Product costing
• Standard costing
• Inventory valuation
• Cost accounting
• Manufacturing finance
• Variance analysis
• PPV analysis
• Yield and efficiency analysis
• Overhead absorption
• Budgeting and forecasting
• COGS reporting
• Month‑end closing
• ERP systems
• Power BI
• Advanced Microsoft Excel
• KPI dashboards
• Audit coordination
• IFRS inventory accounting
• Root cause analysis
• Process improvement
• Cost control

Why Join Us

• Opportunity to work in a specialized manufacturing finance role within Dubai's active Food Production sector.
• Exposure to multi‑process production environments, product costing systems and operational finance decision support.
• A role with direct impact on margin improvement, inventory control, cost efficiency and financial reporting quality.
• Career development potential in cost management, operations finance, supply chain finance and business performance analysis.
• Work with cross‑functional teams where accurate costing, control discipline and business insights support long‑term growth.

About the Company

Al Ghurair is a leading Dubai‑based diversified group with strong business interests across food, mobility, infrastructure, real estate and related services. The group supports the UAE economy through established operations, continuous improvement and career opportunities across important regional sectors.