Cost Accountant

1. Job Responsibilities

Direct Role:

• Maintain standard costing for products, including materials, labor, and overheads.

• Monitor production costs and perform material, labor, and overhead variance analysis.

• Review and maintain Bills of Materials (BOMs), production routes, and costing data.

• Analyze raw material consumption, scrap, wastage, and production efficiency.

• Monitor and ensure timely financial closure of production work orders and RAF transactions.

• Perform monthly inventory valuation, FIFO costing, and inventory closing in the ERP system.

• Coordinate physical inventory counts, investigate variances, and improve inventory accuracy.

• Prepare inventory reconciliations and inventory-related journal entries.

• Assist with month-end closing, WIP reconciliation, and general ledger reconciliations.

• Prepare product costing, profitability, and manufacturing cost analysis reports.

• Support product pricing decisions through accurate cost analysis.

• Ensure compliance with costing policies, internal controls, and IFRS requirements.

• Support internal and external audits by providing costing and inventory information.

• Perform other duties assigned by management within the scope of the role.

• Role Qualifications:

2.1 Required Education:

• Bachelor's degree in Cost Accounting

1. Required Experience:

• Entry/Mid-Level: 1+ years in cost accounting, inventory control (Preferably in Manufacturing Co.)

1. Technical Skills:

• Standard Costing & Variance Analysis

• BOM & Routing Management

• Inventory Valuation (FIFO)

• ERP Systems (Dynamics AX/D365)

• Advanced Microsoft Excel

• Financial Reporting & General Ledger

• IFRS and Cost Accounting Principles

1. Special Skills:

• Problem solving skills, Innovative and productivity, Teamwork

1. Languages Required:

• English, Arabic

1. Competencies

• Cost Accounting & Analysis

• Inventory & Manufacturing Cost Control

• Analytical & Problem-Solving Skills

• Financial Reporting & Reconciliation

• Attention to Detail