Accountant.Management Accounting

Qatar Steel Company; Qatar; On-site; QAR 100,000 - 150,000; Full time

Job summary

A leading steel manufacturing firm in Qatar is seeking a Management Accountant with at least 6 years of experience in management accounting within a manufacturing organization. The candidate should hold a degree in Finance and preferable qualifications like CA, CMA, or CIMA. Responsibilities include managing cost management modules, preparing product cost sheets, and conducting GL reconciliations. Strong skills in Excel and Oracle are required. The role offers the opportunity to contribute to quality and safety standards in an innovative environment.

Qualifications

• 6 years’ experience in Management Accounting in a manufacturing organisation.
• Steel Industry experience would be preferable.

Responsibilities

• Manage periodic closing and opening of cost management and inventory modules.
• Allocate joint costs and prepare monthly product cost sheets.
• Monitor inventory transactions and conduct GL reconciliation.

Skills

Good in Excel

Experience in Oracle system

Planning and organising skills

Basic Supervisory skills

Communication skills (written and verbal)

Education

University Degree in Finance

CA, CMA or CIMA qualification

Job description

• 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, steel making and rolling mill
• Preparing auxiliary product cost sheets for Lime, Dolo Lime, RBQ, etc
• 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
• Contribute to the identification of opportunities for continuous improvement and sustainability
  of systems, processes and practices considering global standards, productivity improvement
  and cost reduction.

Quality, Health, Safety & Environment

• Follow the HSE rules, regulations and procedures of the company, and report any HSE concerns and incidents to the responsible person

Other

• Carry out any additional tasks as required by the Management.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications:

• University Degree in Finance
• CA, CMA or CIMA qualification would be preferable.
• 6 years’ experience in Management Accounting in a manufacturing organisation. Steel Industry experience would be preferable.

Job-Specific Skills (Generic / Technical):

• Computer skill - Good in Excel and Power point
• Experience in Oracle system
• Good standard of written and spoken English and well developed report writing ability
• Planning and organising skills
• Basic Supervisory skills
• Ability to work as part of a team
• Communication skills – written and verbal

About Us

Qatar Steel Company was formed in 1974 as the first integrated steel plant in the Arabian Gulf. Today Qatar Steel is widely recognized as a foremost leader in the Steel Industry. As our business grows to shape new horizons for both our own people and the communities which we serve, we remain committed to our philosophy of producing high quality products which comply with the highest international standards.

Qatar Steel builds and cherish long‑term relationships – with employees, customers, and the communities it works in. Through trust and dedication QS work openly together to plan and build the future. QS succeeds through the success of these relationships and of our partners. Qatar Steel thrives on the diversity of its employees and value it as one of its greatest strengths. Qatar Steel employes manpower from a wide range of regions, countries and cultural backgrounds. To achieve the company’s ambitions, Qatar Steel management will continue to recruit and retain the best talent worldwide while applying its Fair Employment Practices Policy in the strictest terms. "Qatar Steel values the personal, social and cultural differences that defines the working culture."