Cost Accountant

3 weeks ago


Dubai, United Arab Emirates Sahha and Afyah Full time

Job Summary:
Key Responsibilities:

- **Cost Analysis and Reporting**:

- Analyze and evaluate cost structures, identifying areas for improvement and cost-saving opportunities.
- Prepare regular reports detailing cost variances, trends, and key performance indicators for management review.
- Collaborate with cross-functional teams to gather relevant data and insights.
- **Inventory Management**:

- Oversee the inventory control process, ensuring accurate recording and valuation of food, beverage, and other supplies.
- Conduct regular physical counts and reconcile any discrepancies between actual and recorded inventory levels.
- Implement and maintain efficient inventory tracking systems.
- **Menu Costing**:

- Collaborate with culinary and procurement teams to calculate and update menu item costs.
- Analyze the impact of menu changes on overall food and beverage costs.
- Provide insights on pricing strategies to optimize profitability.
- **Budgeting and Forecasting**:

- Assist in the development of annual budgets and periodic forecasts related to costs.
- Monitor actual performance against budgeted figures and provide explanations for variances.
- Work with management to adjust strategies and budgets as needed.
- **Variance Analysis**:

- Investigate and explain significant variances between actual and budgeted/forecasted costs.
- Develop and implement corrective actions to address unfavorable variances.
- **Compliance and Controls**:

- Ensure compliance with accounting policies, procedures, and regulatory requirements.
- Implement and maintain strong internal controls related to cost accounting functions.
- Collaborate with external auditors during financial audits.
- **Ad-hoc Analysis**:

- Perform ad-hoc financial analysis as requested by management.
- Provide decision support through financial modeling and scenario analysis.

Qualifications:

- Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA designation is a plus.
- 3 years of Proven experience as a Cost Accountant, preferably in the restaurant or hospitality industry.
- Strong understanding of cost accounting principles, inventory management, and financial reporting.
- Proficiency in Excel and financial software. Experience with ERP systems is desirable.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work collaboratively in a fast-paced, dynamic environment.

**Job Types**: Full-time, Contract
Contract length: 24 months

**Salary**: AED6,000.00 - AED6,500.00 per month

**Education**:

- Bachelor's (required)

**Experience**:

- Cost accounting: 3 years (required)
- Restaurant: 3 years (required)


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