Cost Accountant – Manufacturing & Industrial Se...
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Key skills for this role
About the Role
NAFFCO is seeking a Cost Accountant with 4-8 years of experience in manufacturing or industrial sectors. The role involves product costing, variance analysis, profitability optimization, and ERP-backed insights.
Key Skills for This Role
Responsibilities
- 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 and routing validations for accurate costing
- Monitor cost trends and identify opportunities for cost reduction and process improvement
- 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
- Work closely with production, procurement, supply chain, and operations teams
- Support inventory management, stock valuation, and cycle count reconciliation
- Monitor WIP and finished goods costing accuracy
Requirements
- 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
Full Job Posting
Join NAFFCO as Cost Accountant
- 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.
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 & Role
- Department: Finance
- Role: Cost Accountant – Manufacturing & Industrial Sectors
- Locations: Dubai UAE
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