Job description

Skills and Behavioral Competencies

Communication:

• Effective verbal and written communication skills.
• Ability to communicate with employees and clients at all levels.
• Effective communication with others (colleagues, supervisors, and other departments) through the provision and exchange of information.
• Facilitate and adopt ease of access to information within the company.

Professional Abilities and Skills:

• Ability to handle various financial tasks.
• Knowledge of accounting procedures and best practices.
• Familiarity with budgeting and cash flow management.
• Ability to work under pressure.
• Good knowledge of the company's operations and possess analytical and observational skills.

Technical Skills:

• Good knowledge of the technological systems used in the accounting department.
• Must use a computer and deal with electronic programs.
• Ability to use modern technologies to enhance work.

Languages:

• Fluency in Arabic.
• Fluency in English.

Personal Skills:

• Ability to take responsibility and build trust with others.
• Teamwork skills.
• Analytical skills.
• Knowledge of labor laws.
• Punctuality.
• Accuracy, focus, and logical thinking.

Tasks and Responsibilities

• Plan and study the methods used in cost accounting.
• Identify direct and indirect cost elements.
• Periodically analyze direct and indirect costs and establish standard cost rates.
• Prepare periodic cost and pricing reports and provide recommendations.
• Develop and improve cost accounting methods and procedures.
• Prepare, organize, explain, and maintain cost accounting documents and reports.
• Prepare monthly, quarterly, and annual cost forecasts.
• Calculate and maintain standard and actual costs for the company.
• Analyze and report profit margins for the company.
• Assist in month-end and year-end closing activities.
• Collect cost information and maintain an accurate expense database.
• Develop and maintain systems for accumulating and analyzing company cost data.
• Identify and monitor fixed costs.
• Plan, record, and monitor variable costs.
• Assist in preparing year-over-year cost variance analyses.
• Identify and recommend cost-effective solutions.
• Analyze financial and cost data and prepare recommendations.
• Support budgeting and financial forecasting activities.
• Ensure the accuracy, completeness, and reliability of cost-related information and reports.
• Maintain professional ethics.
• Perform any other duties within the scope of the position as assigned by the supervisor.

Educational Qualification and Experience:

Bachelor's degree in Accounting.

Skills

Job Summary

Responsible for analyzing, monitoring, and reporting the company's costs to support accurate financial planning, pricing, budgeting, profitability analysis, and cost control. The role involves maintaining cost databases, analyzing cost variances, preparing cost forecasts and reports, and identifying opportunities to improve operational and financial efficiency.

Key Responsibilities

• Plan and evaluate methods and procedures used for cost accounting.
• Identify and calculate direct and indirect cost elements.
• Periodically analyze direct and indirect costs, establish standard cost rates, identify variances, and assess their impact on overall costs.
• Prepare periodic cost and pricing reports, provide recommendations, and submit them to the direct supervisor.
• Develop and improve cost accounting methods and procedures in line with technological and industry developments.
• Prepare, organize, explain, and maintain cost accounting documents and reports in the relevant database according to approved policies and procedures.
• Prepare monthly, quarterly, and annual cost forecasts.
• Calculate and maintain standard and actual costs for the company.
• Analyze and report the company's profit margins.
• Assist with month-end and year-end closing activities.
• Collect cost information and maintain an accurate expense database.
• Develop and maintain systems for accumulating and analyzing company cost data.
• Identify and monitor fixed costs, including salaries, rent, insurance, and other recurring expenses.
• Plan, record, and monitor variable costs, including raw material purchases and operational expenses.
• Assist in preparing year-over-year cost variance analyses.
• Identify and recommend cost-effective solutions and support effective allocation and control of company expenditures.
• Analyze financial and cost data and prepare recommendations to improve operational efficiency and profitability.
• Support budgeting, cash flow planning, and financial forecasting activities as required.
• Ensure the accuracy, completeness, and reliability of cost-related information and reports.
• Maintain professional ethics and prioritize the company's interests in all cost accounting activities.
• Perform any other duties within the scope of the position as assigned by the supervisor.

Required Skills & Competencies

• Good knowledge of cost accounting principles, procedures, and best practices.
• Strong understanding of direct and indirect cost analysis.
• Knowledge of budgeting and cash flow management.
• Strong analytical and problem-solving skills.
• Ability to analyze cost variances, profitability, and financial data.
• High level of accuracy, attention to detail, and logical thinking.
• Ability to work under pressure and meet deadlines.
• Good understanding of the company's operations and cost structure.
• Strong teamwork and communication skills.
• Ability to maintain confidentiality and handle financial information professionally.

Technical Skills

• Good knowledge of accounting and financial management systems.
• Proficiency in Microsoft Office and accounting software.
• Ability to use technology and electronic systems to improve accounting and cost management processes.
• Ability to maintain and analyze cost databases and financial reports.

Language Requirements

• Arabic: Fluent.
• English: Fluent.

Education & Experience

• Bachelor's degree in Accounting or a related field.
• Experience in cost accounting, financial analysis, or a similar role is preferred.