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Cost Accountant Job


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Job Title Cost Accountant
Job Type Job Type -> Full-time
Post Details
Profession Job Classification -> Accounting
Location Location -> United Arab Emirates -> Sharjah
Monthly Salary
Job Description Inventory & costing
Coordinate physical inventory counts and cycle counts
Investigate cycle counting variances and resolve issues
Prepare inventory spoilage/damage reports and investigate to take further actions
Review standard and actual costs for inaccuracies and assist the financial controller to improve the operation and systems
Prepare the cost of goods sold as part of the month-end close
Month end inventory costing and valuation and completeness
Accumulate and apply overhead costs as required by the company costing policy
Work with the production department to locate and dispose of damaged inventory
Work closely with the production department to identify inaccuracies and areas of improvement

Analysis & MIS
Conduct ongoing process constraint analyses
Report on financial performance and position by products, work centres, and cost centres
Report on margins by product and segment
Report on periodic variances and their causes, and assisting financial controller to focus on particular spending variances
Assist financial controller in analysing the capital budgets
Perform cost accumulation tasks as a member of the target costing group
Prepare MIS reports as required by the management and financial controller
Assisting financial controller in the analysing profit centres and investment centres
Groupwise handling of cost accounting books of the parent entity and subsidiaries

Budgeting & System Control
Prepare (monthly, quarterly and annual) cost forecasts
Review standard and actual costs for inaccuracies
Assist financial controller in budgeting reports (for the company and for each department)
Assisting in month-end and year-end closing
Identify and recommend cost-effective solutions
Review rates of depreciation, labour and overhead and suggest policy changes to improve numbers

Accounts Payable
Purchase - Imports
Process the GRN for the unloaded shipments after coordination with the GIT team.
Recoganise the purchases after determining the cost of the purchase and record in the system.
Purchase - Local
Direct Material
" Process the GRN for the unloaded shipments after coordination with Financial Controller and Operation Manager."
Recoganise the purchases after determining the cost of the purchase and record in the system.
Maintaining historical records
Warehouse Material
" Process the GRN for the unloaded items after coordination with procurement and operation department. "
Recoganise the purchases as per the LPO and record in the system.
Payment to Supplier
" Keeping track of all payments and expenditures, including purchase orders, invoices, statements, etc."
Reconciling processed work by verifying entries and comparing system reports to balances.
" Schedule to process the payment as per credit terms allowed or LPO after coordination with the
Financial Controller and decide mode of payment. "
Preparing analyses of accounts and producing monthly reports.
Continuing to improve the payment process
Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries.

Salary is AED 5,000 - 8,000

Month End
Pending Stock

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Posted date 2020-Mar-16

Inventory & costing
Coordinate physical inventory counts and cycle counts
Investigate cycle counting variances and resolve issues
Prepare inventory spoilage/damage reports and investigate to take further actions
Review standard and actual costs for inaccuracies and assist the financial controller to improve the operation and systems
Prepare the cost of goods sold as part of the month-end close
Month end inventory costing and valuation and completeness
Accumulate and apply overhead costs as required by the company costing policy
Work with the production department to locate and dispose of damaged inventory
Work closely with the production department to identify inaccuracies and areas of improvement

Analysis & MIS
Conduct ongoing process constraint analyses
Report on financial performance and position by products, work centres, and cost centres
Report on margins by product and segment
Report on periodic variances and their causes, and assisting financial controller to focus on particular spending variances
Assist financial controller in analysing the capital budgets
Perform cost accumulation tasks as a member of the target costing group
Prepare MIS reports as required by the management and financial controller
Assisting financial controller in the analysing profit centres and investment centres
Groupwise handling of cost accounting books of the parent entity and subsidiaries

Budgeting & System Control
Prepare (monthly, quarterly and annual) cost forecasts
Review standard and actual costs for inaccuracies
Assist financial controller in budgeting reports (for the company and for each department)
Assisting in month-end and year-end closing
Identify and recommend cost-effective solutions
Review rates of depreciation, labour and overhead and suggest policy changes to improve numbers

Accounts Payable
Purchase - Imports
Process the GRN for the unloaded shipments after coordination with the GIT team.
Recoganise the purchases after determining the cost of the purchase and record in the system.
Purchase - Local
Direct Material
" Process the GRN for the unloaded shipments after coordination with Financial Controller and Operation Manager."
Recoganise the purchases after determining the cost of the purchase and record in the system.
Maintaining historical records
Warehouse Material
" Process the GRN for the unloaded items after coordination with procurement and operation department. "
Recoganise the purchases as per the LPO and record in the system.
Payment to Supplier
" Keeping track of all payments and expenditures, including purchase orders, invoices, statements, etc."
Reconciling processed work by verifying entries and comparing system reports to balances.
" Schedule to process the payment as per credit terms allowed or LPO after coordination with the
Financial Controller and decide mode of payment. "
Preparing analyses of accounts and producing monthly reports.
Continuing to improve the payment process
Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries.

Salary is AED 5,000 - 8,000

Month End
Pending Stock