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Cost Accountant - FMCG Industry

A Leading International Private Investment Company in the UAE.

Dubai, UAE

Ref: LP855-48

Job description / Role

* Prepare monthly journal entries manually or by initiating electronic creation through our software program
* Review JEs carefully for anomalies and other inconsistencies
* Prepare monthly and quarterly accounting reports for submission to management
* Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management
* Assist the Senior Accountant with suggesting changes to policies or procedures to increase cash flow
* Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers
* Classify costs accurately
* Generate PPV reports and analyze findings
* Establish standard costs and update them as appropriate
* Maintain and review the general ledger and reconcile balance sheet

Requirements

* Bachelor’s Degree in Accounting or related field required
* 6+ years’ experience in general accounting or cost accounting
* General familiarity with the beverages industry preferred
* Experience in a manufacturing warehouse or facility a plus

Working Experience & Skills

Data Collection
* Construct data accumulation systems for a cost accounting system
* Create and review the controls needed for data accumulation and reporting systems

Inventory
* Coordinate physical inventory counts and cycle counts
* Investigate cycle counting variances and resolve issues
* Update standard costs in the bill of materials
* Review standard and actual costs for inaccuracies
* Validate the cost of goods sold as part of the month-end close
* Accumulate and apply overhead costs as required by generally accepted accounting principles
* Work with the materials review board to locate and dispose of obsolete inventory

Analysis
* Conduct ongoing process constraint analyses
* Report on breakeven points by products, work centers, and factories
* Report on margins by product and division
* Report on periodic variances and their causes, focusing on spending variances
* Analyze capital budgeting requests
* Perform cost accumulation tasks as a member of the target costing groupa

About the Company

A leading international private investment company in the UAE.

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Cost Accountant salaries in UAE

Average monthly compensation
AED 6,500

Breakdown available for industries, cities and years of experience