Cost Accountant – Manufacturing & Industrial Se...

**Join NAFFCO as Cost Accountant – Manufacturing & Industrial: drive accurate product costing, variance analysis, and profitability optimization with ERP-backed insights.** We are seeking a highly analytical and detail-oriented **Cost Accountant** with strong experience in **product costing, manufacturing finance, and profitability optimization** across manufacturing and industrial sectors. The ideal candidate will be responsible for monitoring production costs, analyzing cost structures, improving operational profitability, and supporting strategic financial decision-making. The role requires expertise in standard costing, inventory valuation, variance analysis, budgeting, and cost optimization initiatives within manufacturing environments. Key Responsibilities ### **Product Costing & Cost Analysis** * Prepare and maintain accurate **product costing** models for manufactured products. * Analyze **raw material, labor, overhead, and operational costs** to determine product profitability. * Develop and review **standard costing systems** and ensure regular updates. * Conduct **BOM (Bill of Materials)** and routing validations for accurate costing. * Monitor cost trends and identify opportunities for cost reduction and process improvement. ### **Profitability Optimization** * Perform detailed **profitability analysis** by product, customer, project, and business unit. * Support management with recommendations to improve margins and operational efficiency. * Analyze production variances including material usage, labor efficiency, and overhead absorption. * Identify cost-saving initiatives and participate in continuous improvement programs. ### **Manufacturing Finance Support** * Work closely with production, procurement, supply chain, and operations teams. * Support inventory management, stock valuation, and cycle count reconciliation. * Monitor WIP (Work-in-Progress) and finished goods costing accuracy. * Ensure compliance with accounting standards and internal financial controls. ### **Reporting & Budgeting** * Prepare monthly cost reports, margin analysis, and MIS reports for management. * Assist in budgeting, forecasting, and annual operating plan preparation. * Support month-end and year-end closing activities related to manufacturing accounting. * Provide financial insights for pricing strategies and investment decisions. ### **ERP & Systems** * Maintain costing data within ERP systems such as Oracle, Microsoft Dynamics, or similar. * Improve financial reporting automation and costing methodologies. * Ensure data accuracy and integrity across costing and inventory systems. Qualifications & Experience * Bachelor’s Degree in Accounting, Finance, Commerce, or related field. * Professional qualifications such as **CMA, ACCA, CIMA, CPA, or CA** preferred. * Minimum **4–8 years** of experience in cost accounting within manufacturing or industrial sectors. Department Finance Role Cost Accountant – Manufacturing & Industrial Sectors Locations Dubai - UAE