Cost Accountant

National Aluminium Products Company; Muscat; On-site; OMR 10,000 - 15,000; Full time

Job summary

National Aluminium Products Company in Muscat is seeking a qualified Cost Accountant to join their Finance team. You will be responsible for analyzing costs, controlling budgets, and providing management with accurate financial data to enhance efficiency and profitability.

The successful candidate will establish standard costs, conduct variance analyses, and prepare financial forecasts, ensuring adherence to regulatory standards and international accounting principles.

Qualifications

• Proven experience as a Cost Accountant or similar role.
• Expertise in cost accounting methods and financial regulations.
• Strong analytical skills and attention to detail.

Responsibilities

• Establish and maintain standard costs for materials, labor, and overhead.
• Analyze actual costs versus standard costs and investigate variances.
• Prepare and distribute production and variance reports.

Skills

Cost accounting

Budget control

Financial analysis

ERP systems (e.g., Oracle)

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Excel

Activity-based costing (ABC)

Job description

National Aluminum Products Co. SAOG based in Muscat, is one of the fastest growing and leading aluminium extrusion companies in the Middle East with an annual production capacity in excess of 36,000 MT.

We are seeking a qualified and experienced Cost Accountant to join our Finance team. The successful candidate will be responsible for analyzing costs, controlling budgets, and supporting management with accurate financial data to improve efficiency and profitability.

• Employment: Full Time

Key Responsibilities

• Establish and maintain standard costs for materials, labor, overhead, and secondary finishing processes.
• Analyze actual costs versus standard costs; investigate variances by die, product line, or order.
• Review and update standard cost rolls annually to reflect changes in product design and material pricing.
• Develop and maintain cost accounting systems for both process-based and job-based costing.
• Design and implement activity-based costing (ABC) models for extrusion processes and product variants.
• Manage cost rollouts and ensure seamless integration with ERP systems (e.g., Oracle).
• Prepare and distribute daily, weekly, and monthly production and variance reports.
• Monitor cycle counts, physical inventories, and inventory reserves; reconcile finished goods accurately.
• Validate cost of goods sold (COGS) and generate gross margin reports by profile, customer, or plant.
• Assist in the preparation of annual budgets and financial forecasts for the plant.
• Support monthly and year-end closing activities, including journal entries, ledger reconciliations, and inventory adjustments.
• Conduct variance analyses and provide cost-volume-profit (CVP) insights into management.
• Collaborate with production teams to align Bills of Materials (BOMs) and control production variances.
• Partner with manufacturing to minimize scrap, optimize tooling utilization, and enhance cost efficiency.
• Recommend process improvements, identify cost drivers, and support product pricing strategies.
• Maintain robust internal controls, ensure compliance with regulatory standards, and prepare audit documentation.
• Guarantee accuracy and adherence to International Accounting Standards (IAS) and relevant guidelines.