Job Objectives

The Senior Cost Analyst will play a vital role in controlling expenses for the company by studying and analyzing actual costs.  He / She will highlight cost savings opportunities, provide guidance on the allocation of indirect costs across the company, and help management understand the true cost of jobs, services and goods that they sell to assist with pricing.

Key Roles & Responsibilities
  • Responsible for creating Cost Accounting framework for all the Business Units, enabling determination of cost per job / product, including direct as well as indirect costs and to support pricing decisions.
  • Analyze overhead cost drivers and develop a methodology for allocating these costs to specific jobs / products.
  • Create and distribute detailed monthly job cost reports to Business Units (BU) which include actual and estimated costs to-date.
  • Evaluate the key performance results and variances by product line. Evaluate and track overhead spending, material cost, and labour cost. Recommend and develop corrective actions to improve variance.
  • Responsible for the yearly planning of cost centre activities and expense budgets for all Business Units.
  • Prepare actual vs. plan (budget) analysis. Prepare various financial analysis related to job / product costs and expense information for various BU as needed for decision making support.
  • Recommends cost efficiencies in new and existing product and services.
  • Develop and maintain standard costs of goods and services in ERP system.
  • Assist in developing and documenting policies and procedures, including system requirements and internal controls.
  • Provide support for Cross selling /bundling of services by incorporating costs involved
  • Perform variance analysis between actual, budget, and historical results
Education & Professional Qualification
  • Cost Accountant’s Degree, e.g. ICWA
  • Chartered Accountant / CPA/ ACCA
  • 10+ years’ experience in driving Cost Accounting function
  • Middle East experience is preferable
  • Fluent English (must have)/ Arabic (desirable)
  • Cost Accounting framework of Standard Cost of product, variance analysis and management reporting for decision making.
  • Prior experience in Cost Accounting function / department is required.
  • Solid experiences in developing, analyzing and review the cost components of the Company, both Direct and Indirect Costs.
  • Prior experience with exposure to shipping and logistic preferred