Cost Accountant

9 hours ago


Dubai, Dubai, United Arab Emirates Peergrowth Consultancy Co. Full time

We are seeking a detail-oriented and experienced Cost Accountant to join our manufacturing finance team. The role focuses on analyzing production costs, monitoring inventory, and supporting management in decision-making related to cost efficiency, pricing, and profitability. The ideal candidate should have strong accounting knowledge with hands-on experience in cost accounting for manufacturing operations in the UAE.

Key Responsibilities Cost Accounting & Financial Analysis
  • Prepare and maintain detailed cost records for raw materials, labor, and overheads.

  • Monitor and analyze production costs, variances, and profitability by product line or department.

  • Assist in setting product pricing strategies based on cost and market data.

  • Conduct standard costing and variance analysis (material, labor, and overhead).

Inventory & Material Management
  • Maintain accurate inventory accounting and valuation for raw materials, WIP, and finished goods.

  • Ensure proper allocation of manufacturing costs to products and cost centers.

  • Reconcile inventory and cost accounts on a monthly basis.

Reporting & Compliance
  • Prepare monthly, quarterly, and annual cost reports for management review.

  • Support budgeting, forecasting, and financial planning activities.

  • Ensure compliance with UAE accounting standards, internal controls, and statutory regulations.

  • Coordinate with external auditors during audits and provide cost-related information as required.

Process Improvement
  • Recommend cost control measures and process improvements for manufacturing operations.

  • Collaborate with production, procurement, and finance teams to optimize costs and efficiency.

Requirements Education & Certification
  • Bachelors degree in Accounting, Finance, or related field.

  • Professional certification (ACCA, CPA, CMA) is a plus.

Experience
  • Minimum 3 years of cost accounting experience in a manufacturing company in the UAE.

Skills & Competencies
  • Strong understanding of cost accounting principles, standard costing, and variance analysis.

  • Proficiency in accounting software and MS Excel for data analysis.

  • Analytical mindset with attention to detail.

  • Strong communication and reporting skills.

  • Ability to work independently and meet deadlines in a fast-paced environment.


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