Accountant Cost Control

ELEVUS ‑ PEOPLE & BUSINESS RESULTS, LDA; Doha; On-site; QAR 182,000 - 255,000; Full time

Job summary

A leading consultancy firm in Doha is looking for a skilled inventory accountant with experience in costing and management accounting. The role involves periodic closing processes, monitoring expenses, managing inventory accounting, and assisting auditors. Ideal candidates will possess qualifications such as CIMA, CMA, or CA and have experience in related industries like steel or oil and gas.

Qualifications

• Experience in costing, preferably in steel or oil and gas industries.
• Familiarity with periodic close and opening subsequent month Cost Management modules.
• Ability to prepare monthly product cost sheets and monitor expenses.

Responsibilities

• Conduct monthly and annual closing processes.
• Manage inventory accounting and perform reconciliations.
• Assist with statutory auditor data for inventory and product costing.

Skills

Costing experience

Inventory management

Management accounting

Education

CIMA, CMA or CA qualification

Job description

Job Requirements and Experience

Should have costing experience in the steel industry or similar, or Oil and Gas industry will be given preference. Qualification, especially CIMA, CMA and CA would be a plus. Should have specific experience in costing, inventory, and management accounting. Monthly / Annual Closing.

Monthly / Annual Closing

• Periodic closing and opening subsequent month Cost Management and Inventory modules.
• Overhead allocations and absorptions allocations on monthly basis.
• Allocation of joint cost through mass allocation. Prepare books closing JV through overhead allocation. Prepare working for absorption variance and pass necessary JV before month close.
• Monitoring of pending transaction for inventory organizations and closing all inventory organization. Clearing of various WIP accounts.
• Monitoring expenses booking and scrutiny of trial balance. Running COGS recognition program and monitoring WIP jobs valuation.
• Passing necessary accounting JVs for WIP and absorption variances.
• Preparation of monthly product cost sheet, process wise for DRI.
• Preparing auxiliary product cost sheets
• Assist in collecting accurate and up-to-date product cost information for product prices.
• Advise / suggestion on cost centre creation.

Reporting

• To run fixed cost breakup for G&A and COGS, utility and overhead report, plant-wise depreciation report and fixed cost report by department and by GL account.
• Preparation of data pack for IQ reporting for quarterly reporting. Data for Ministry of Economics and Statistics, yearly.
• Data for producer price index and other external agencies
• By product inventory details and its sales history for management reporting
• Non-moving inventory item report and stock analysis report for leadership meetings.
• Create discoverer report as per business requirement.

Inventory/Material Accounting functions

• Daily running of create accounting for all inventory organizations and completing multi-period accounting. Check for stuck transactions and getting it cleared with help of IT. To check for any pending or uncosted transaction in the inventory module. Monthly Inventory/GL reconciliation (MAD Summary).
• Running transfer general entries to GL cost management program, transfer Journal Entries to GL- receiving. Create Accounting Receiving.
• Create absorption element as per need/required changes.
• Raw Material landed cost management in system.
• Overhead absorption rate update in the system
• Debit note / credit note implication workings particularly for oxide pellet and scrap purchases and its loading on the inventory carrying cost in the system.
• Inventory reconciliation, monthly reconciliation of inventory subledger balances with GL
• Participate in physical stock verification process.
• Assist with data for dealing with the statutory auditors for Half yearly and Year end audits relating to inventory and product costing.
• Co-ordinate with the IT department for getting developed various reports for faster and correct reporting.
• Involve at the time of system upgrade.
• To work with IT for various automation processes