Senior Cost Analyst

Emirates Flight Catering; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading airline catering service is looking for a Senior Cost Analyst in Dubai. The candidate will be responsible for conducting detailed cost analysis, optimizing production costs, and supporting decision-making processes with financial insights. Applicants should have a strong financial background, a minimum of 6 years of experience, and relevant professional qualifications. The position involves collaboration with various teams to align cost structures and improve financial performance.

Qualifications

• Professional qualifications in Business MBA required.
• Professional qualifications in Finance, ACA, CPA, CFA are preferred.
• Minimum 6 years of related work experience.

Responsibilities

• Review and validate Bills of Materials for existing and new products.
• Analyze cost variances and provide recommendations for corrective actions.
• Identify and recommend cost-saving opportunities across sourcing and production.
• Design reports and dashboards using available tools like Power BI.
• Conduct system analysis and assist in designing new tools for cost processes.

Skills

Financial market trends knowledge

ERP proficient

Excel for analysis

Problem solving ability

Strong team player

Excellent interpersonal skills

Planning and organizational skills

Education

Professional qualification in Business MBA

Professional qualification in Finance, ACA, CPA, CFA

Tools

Power BI

ERP Systems

Job description

EKFC is seeking a Senior Cost Analyst who would be responsible for research and analysis of the cost elements, production results and monitoring of financial impact to support costing department with analytics and recommendations to enable decision making.

The role will be involved in complex cost analysis & a high volume of challenging manual processes to track, evaluate, and optimize food production, inventory, and delivery costs while ensuring accuracy and efficiency in financial reporting.

Key Responsibilities

1. Review, validate, and update Bills of Materials (BoMs) for existing and new products to ensure cost accuracy and compliance with the policies.
2. Analyze cost variances, identify key drivers, and provide recommendations for corrective actions to optimize cost savings.
3. Identify and recommend cost-saving opportunities across sourcing, production, and menu design without compromising quality or company standards.
4. Utilize any available tools such as Power BI to design easy-to-understand reports and dashboards, providing teams with valuable insights to support cost-related decisions.
5. Conduct system analysis and assist in designing and testing new tools or updates to ensure they meet costing process requirements and improve efficiency.
6. Assist in drafting, reviewing, and updating costing policies to ensure alignment with organizational goals, industry standards, and regulatory requirements.
7. Lead process improvement initiatives, track their implementation, and develop recommendations to enhance EKFC's financial performance.
8. Partner with Operations, Culinary, Procurement, Finance, and Pricing teams to align cost structures with business requirements.
9. Conduct ad-hoc financial analysis, such as cost impact assessments for recipe changes or strategic projects, to support leadership decisions.
10. Lead and develop junior team members, encouraging a collaborative environment focused on achieving cost efficiency and driving continuous improvement within the department.

Education Qualification

• Professional qualification in Business MBA
• Professional qualification in Finance, ACA, CPA, CFA

Work Experience

• Minimum 6 years of related work experience
• Work experience with Big Four Audit firms and forensic accounting experience is preferred.
• Proven knowledge of financial forecasting and diagnosis, corporate finance and information analysis

Skills

• Well-versed in current financial market trends and the business landscape
• Proficient in using ERP, Excel for analysis
• Problem solving ability
• Strong team player
• Excellent interpersonal skills
• Good planning and organizational skills