Cost Accountant

3 weeks ago


Dubai, United Arab Emirates OIL AND GAS INTERNATIONAL FZC Full time

**Job Title: Cost Accountant**

**Company: Oil and Gas International FZC**

**Location: Dubai Silicon Oasis, Dubai, UAE**

**About Oil and Gas International FZC**:
Oil and Gas International FZC (OGI FZC) is a renowned global services provider offering a wide range of services to the Oil and Gas Industry, including Rentals, Fishing, Casing Running, Manufacture & Repair, Inspection and Pressure Control, Lifting and Rigging Safety Equipment, and Global Trading & Procurement. Strategically located in the Dubai Silicon Oasis, Dubai, UAE, OGI FZC is committed to delivering exceptional solutions to clients across the globe, maintaining the highest standards of quality and safety.

**Key Responsibilities**:

- Analyze costs associated with various projects, products, and services, identifying opportunities for cost reduction and efficiency improvement.
- Develop and maintain cost accounting systems, processes, and procedures to accurately track, monitor, and report on costs, ensuring compliance with internal policies and accounting standards.
- Prepare and analyze cost reports, variance analysis, and budget vs. actual performance to provide management with actionable insights and recommendations.
- Collaborate with cross-functional teams to understand cost drivers, pricing strategies, and revenue forecasts, contributing to the development of business plans and financial forecasts.
- Monitor inventory valuation and reconcile inventory accounts, ensuring accuracy and completeness of inventory records.
- Assist in the preparation of monthly, quarterly, and annual financial statements, including cost of goods sold (COGS) analysis and inventory valuation.
- Participate in the development and implementation of cost control measures, process improvements, and internal controls to mitigate risks and enhance operational efficiency.
- Provide support during audits and ensure compliance with statutory requirements, accounting standards, and internal policies.
- Perform ad hoc analysis and special projects as assigned by management.

**Qualifications and Skills**:

- Bachelor's degree in Accounting, Finance, or related field.
- Professional certification such as Certified Management Accountant (CMA) and/or ICAEW (Institute of Chartered Accountants in England and Wales).
- Minimum of 3-5 years of relevant experience in cost accounting, preferably within the oil and gas industry.
- Strong knowledge of cost accounting principles, techniques, and methodologies.
- Proficiency in cost analysis, budgeting, forecasting, and financial modeling.
- Advanced skills in Microsoft Excel and ERP systems (e.g., SAP, Oracle).
- Excellent analytical, problem-solving, and decision-making abilities.
- Strong attention to detail with a focus on accuracy and data integrity.
- Effective communication and interpersonal skills, with the ability to collaborate across teams and interact with stakeholders at all levels.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

**Benefits**:

- Competitive salary package with performance-based incentives.
- Comprehensive health insurance and other benefits as per company policy.
- Opportunities for professional development and career advancement.
- A dynamic and supportive work environment with opportunities for learning and growth.

**Salary**: From AED6,000.00 per month

Application Deadline: 10/04/2024


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