Cost Accountant (Business Partner)
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Key skills for this role
About the Role
Xad Technologies seeks a Cost Accountant – Business Partner to deliver accurate costing, profitability analysis, budgeting, and financial insights. The role partners with operational and commercial teams to drive profitability and cost optimization.
Key Skills for This Role
Responsibilities
- Develop, maintain, and enhance project, product, and service costing models
- Monitor actual costs against budgets, forecasts, and cost standards; analyze variances and recommend improvements
- Partner with operations, procurement, commercial, and project teams to improve profitability
- Provide financial guidance for pricing decisions, tenders, proposals, and contract evaluations
- Support preparation of annual budgets, forecasts, and long term financial plans
- Perform break even, sensitivity, and scenario analyses to support strategic planning
- Prepare accurate management reports, KPI dashboards, and financial analyses
- Ensure compliance with company policies, accounting standards, and internal controls
Requirements
- Bachelor's Degree in Accounting, Finance, Cost Accounting, or related discipline
- Professional qualification such as CMA, ACCA, CPA, CA, or equivalent
- Minimum 5–8 years of relevant experience in Cost Accounting, FP&A, Commercial Finance, or Business Partnering
- Strong knowledge of Standard Costing, Actual Costing, and Activity Based Costing
- Proficiency in ERP systems such as Microsoft Dynamics 365 Business Central, SAP, Oracle, or equivalent
- Advanced Microsoft Excel skills including financial modeling, data analysis, and reporting
- Experience with Power BI or other business intelligence tools
- Knowledge of IAS/IFRS (IAS 2, IFRS 15, IAS 36, IFRS 8)
Full Job Posting
Position Summary
- The Cost Accountant – Business Partner is responsible for delivering accurate costing, profitability analysis, budgeting, forecasting, and financial insights to support operational and strategic decision making across the organization.
- The role acts as a key finance business partner to operational, commercial, and project teams, ensuring reliable financial information to drive profitability, cost optimization, and sustainable business growth.
Key Responsibilities
- Develop, maintain, and continuously enhance project, product, and service costing models.
- Monitor actual costs against budgets, forecasts, and established cost standards.
- Analyze cost variances and provide recommendations to improve financial performance.
- Review and validate overhead allocation methodologies and cost absorption rates.
- Identify cost saving opportunities and support initiatives aimed at improving operational efficiency.
- Ensure accurate allocation of direct and indirect costs across projects and business units.
- Partner closely with operations, procurement, commercial, and project teams to improve profitability and business performance.
- Provide financial guidance and commercial support for pricing decisions, tenders, proposals, and contract evaluations.
- Support management in evaluating strategic initiatives, business opportunities, and investment decisions.
- Deliver meaningful financial insights and recommendations to support informed decision making.
- Support the preparation of annual budgets, forecasts, and long term financial plans.
- Conduct budget versus actual analysis and investigate significant variances.
Qualifications & Experience
- Bachelor's Degree in Accounting, Finance, Cost Accounting, or a related discipline.
- Professional qualification such as CMA, ACCA, CPA, CA, or equivalent is highly preferred.
- Minimum 5–8 years of relevant experience in Cost Accounting, FP&A, Commercial Finance, or Business Partnering roles.
- Experience within contracting, engineering, telecom, technology, manufacturing, or project based organizations will be considered a strong advantage.
Technical Skills
- Strong knowledge of Standard Costing, Actual Costing, and Activity Based Costing (ABC).
- Proven experience in project costing, profitability analysis, and margin management.
- Ability to review BOQs, contracts, commercial agreements, and pricing structures.
- Advanced budgeting, forecasting, and financial modeling skills.
- Proficiency in ERP systems such as Microsoft Dynamics 365 Business Central, SAP, Oracle, or equivalent.
- Advanced Microsoft Excel skills including financial modeling, data analysis, and reporting.
- Experience with Power BI or other business intelligence tools.
- Strong understanding of commercial finance principles and financial controls.
- Knowledge of IAS/IFRS: IAS 2, IFRS 15, IAS 36, IFRS 8.
Compensation Note
- The salary budget for this position is fixed and restricted within the company's approved compensation structure.
- Candidates are encouraged to apply only if their salary expectations align with the allocated budget.
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