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Group Cost Accountant Job
Posted date [03-Jul-2015]  (ID: 3459)
This post has expired! It was posted more than 365 days ago.


Purpose Statement
The Cost Accountant, under the direction of the Controller, is responsible for the on-going cost analysis, margin analysis, and tracing costs back to underlying activities. The cost accountant must also construct and monitor those cost-effective data, needed to provide an appropriate level of costing for financial statement and report preparation, and for supervision and control of the general accounting area. The employee will also be required to identify and recommend further areas for growth, expansion and cost saving

Key Accountabilities
i. Operational/Professional/Business/Financial Results
Construct data base for a cost accounting system
Create and review the necessary control points which are required for cost information system
Provide the management with weekly/monthly & yearly required cost analysis reports
Update standard cost, experience of job costing, process costing & conversion costing
Report on breakeven point for various legal entities
Report on margins by product and division
Report on periodic variance analysis and their causes
Validate the cost of goods sold as part of the month-end close
Analyse capital budgeting requests
Coordinate physical inventories counts
Liaise with Inventory group in order to avoid or dispose of obsolete inventory
Analyse and report manufacturing/selling overhead costs
Responsible for producing reports in conformity with general accepted accounting principles
ii. Leadership
Implement a standard costing method across the business in NPG
Ensure leadership and coaching culture is cascaded throughout the Finance Function, and select/develop/motivate subordinates and associates to ensure strong team spirit amongst departments/business units. Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
Provide clear leadership by demonstrating maturity, flexibility and capability of swift adjustment to market dynamics/priorities/particulars.
Attend Board (when invited) and Subcommittee meetings.
iii. Personal Attributes:
Must have strong attention to detail, excellent customer service skills, and the ability to work quickly within a fast-paced environment.
Roll-up-the-sleeves - hands-on attitude. This is not a position which delegates, but which prioritizes in a high-demand environment.
Ability to effectively organize time and workload to meet deadlines
Ability to communicate effectively with all levels of management and support staff.
Excellent written and verbal communication skills; ability to communicate well with upper levels of management.
Team player; must have experience as an active participant at the management and strategic level, with the ability to contribute to the decision making, strategy and execution of team priorities.
Strong mathematical aptitude.
iv. Relationship
Build/Maintain/Nurture healthy external business relationships and put in good use for the benefit of the Group.
Understand / is in touch with his team members opinions and anticipate their needs.
Maintain close contact with all Corporate Functions to work in synchronisation with the other Business Units worldwide.
v. Innovation
Review and benchmark the internal and external environment in order to improve the Financial policies and initiatives to enhance overall business performance.
Identify and drive the communication and sharing of learning across functions and business units to facilitate continuous improvement.

Contextual Information
i. Knowledge, Skills and Experience
ia. Functional Success Criteria

Success Criterion Level Description
Business Relationship Expert Ability to maintain good working relationships with co-workers, supervisor, management, and department head staff and various agency personnel.

Leading & Managing Change Expert Adopts change and organisational development strategies, influences and assists organisational change initiatives in support of business strategies.
Finance Delivering Excellence Expert Ensures that Financial services are provided as appropriate to business/internal & external stakeholders needs. Proactively supports business needs and expansion requirements.



ib. Other Knowledge, Skills and Experience

This position requires a bachelor's degree in Business Administration with a major in Accounting and three (10) years' experience in manufacturing or public accounting assisting a manufacturing operation; or any combination of experience, education, and training which would provide the level of knowledge, skill, and ability required. CPA, ACA or CIMA is also highly desirable.
Knowledge of technical and professional principles and skills of accounting and finance, including a strong working knowledge of cost accounting.
Knowledge of data processing capabilities and procedures, including the use of computers.
Knowledge of appropriate management and supervisory skills to supervise general accounting staff.
Ability to communicate both orally and in writing with a wide range of people.
Must possess strong working knowledge of Excel.
ii. Key Success Factors

Delivering the group costing method in the new systems and across the group
Development of group costing method and standardization
Excellent Costing experience and implementation across the various region
A healthy talent pipeline, and clear talent management plans and execution for the Finance employees.
Commitment to success and the growth of the company; "get it done" attitude
III. Working Relationships
Internal: GMs of business units
Corporate Finance team, and all finance/accounting managers across business units/end markets.

External: Major stakeholder, clients, distributors
Network of Finance professionals, audit firms and feasibility studies firms
Post Details
Job Title Group Cost Accountant
Description Purpose Statement
The Cost Accountant, under the direction of the Controller, is responsible for the on-going cost analysis, margin analysis, and tracing costs back to underlying activities. The cost accountant must also construct and monitor those cost-effective data, needed to provide an appropriate level of costing for financial statement and report preparation, and for supervision and control of the general accounting area. The employee will also be required to identify and recommend further areas for growth, expansion and cost saving

Key Accountabilities
i. Operational/Professional/Business/Financial Results
Construct data base for a cost accounting system
Create and review the necessary control points which are required for cost information system
Provide the management with weekly/monthly & yearly required cost analysis reports
Update standard cost, experience of job costing, process costing & conversion costing
Report on breakeven point for various legal entities
Report on margins by product and division
Report on periodic variance analysis and their causes
Validate the cost of goods sold as part of the month-end close
Analyse capital budgeting requests
Coordinate physical inventories counts
Liaise with Inventory group in order to avoid or dispose of obsolete inventory
Analyse and report manufacturing/selling overhead costs
Responsible for producing reports in conformity with general accepted accounting principles
ii. Leadership
Implement a standard costing method across the business in NPG
Ensure leadership and coaching culture is cascaded throughout the Finance Function, and select/develop/motivate subordinates and associates to ensure strong team spirit amongst departments/business units. Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
Provide clear leadership by demonstrating maturity, flexibility and capability of swift adjustment to market dynamics/priorities/particulars.
Attend Board (when invited) and Subcommittee meetings.
iii. Personal Attributes:
Must have strong attention to detail, excellent customer service skills, and the ability to work quickly within a fast-paced environment.
Roll-up-the-sleeves - hands-on attitude. This is not a position which delegates, but which prioritizes in a high-demand environment.
Ability to effectively organize time and workload to meet deadlines
Ability to communicate effectively with all levels of management and support staff.
Excellent written and verbal communication skills; ability to communicate well with upper levels of management.
Team player; must have experience as an active participant at the management and strategic level, with the ability to contribute to the decision making, strategy and execution of team priorities.
Strong mathematical aptitude.
iv. Relationship
Build/Maintain/Nurture healthy external business relationships and put in good use for the benefit of the Group.
Understand / is in touch with his team members opinions and anticipate their needs.
Maintain close contact with all Corporate Functions to work in synchronisation with the other Business Units worldwide.
v. Innovation
Review and benchmark the internal and external environment in order to improve the Financial policies and initiatives to enhance overall business performance.
Identify and drive the communication and sharing of learning across functions and business units to facilitate continuous improvement.

Contextual Information
i. Knowledge, Skills and Experience
ia. Functional Success Criteria

Success Criterion Level Description
Business Relationship Expert Ability to maintain good working relationships with co-workers, supervisor, management, and department head staff and various agency personnel.

Leading & Managing Change Expert Adopts change and organisational development strategies, influences and assists organisational change initiatives in support of business strategies.
Finance Delivering Excellence Expert Ensures that Financial services are provided as appropriate to business/internal & external stakeholders needs. Proactively supports business needs and expansion requirements.



ib. Other Knowledge, Skills and Experience

This position requires a bachelor's degree in Business Administration with a major in Accounting and three (10) years' experience in manufacturing or public accounting assisting a manufacturing operation; or any combination of experience, education, and training which would provide the level of knowledge, skill, and ability required. CPA, ACA or CIMA is also highly desirable.
Knowledge of technical and professional principles and skills of accounting and finance, including a strong working knowledge of cost accounting.
Knowledge of data processing capabilities and procedures, including the use of computers.
Knowledge of appropriate management and supervisory skills to supervise general accounting staff.
Ability to communicate both orally and in writing with a wide range of people.
Must possess strong working knowledge of Excel.
ii. Key Success Factors

Delivering the group costing method in the new systems and across the group
Development of group costing method and standardization
Excellent Costing experience and implementation across the various region
A healthy talent pipeline, and clear talent management plans and execution for the Finance employees.
Commitment to success and the growth of the company; "get it done" attitude
III. Working Relationships
Internal: GMs of business units
Corporate Finance team, and all finance/accounting managers across business units/end markets.

External: Major stakeholder, clients, distributors
Network of Finance professionals, audit firms and feasibility studies firms
Job Start Date TBA
Salary Offered TBA
Number of Vacancies 1
Location Job Location -> UAE
Location City Sharjah
    
Desired Candidate's Profile
Gender No Preference
Nationality Nationality -> No Preference
Candidate Current Location Job Location -> UAE
Work Experience 11+ Years
Candidate Profile Description Strong Manufacturing experience is needed for this role
Job Classification
Job Type Job Type -> Full-time
Industry Type Job Industry -> Manufacturing
Job Function Job Functions -> Accounting-Finance
Employers Details
Company National


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