Cost Accountant

Job Title: Cost & Reporting Accountant

Department: Finance

Location: 6th of October - Giza

Reports To: Financial Controller

Job Purpose:

The Cost & Reporting Accountant is responsible for managing product costing, analyzing cost variances, and preparing periodic financial reports that support business decisions. This role plays a key part in ensuring cost accuracy, controlling manufacturing expenses, and providing insights to enhance profitability within a fast-paced FMCG environment.

Key Responsibilities:

1. Costing & Inventory Accounting

• Prepare and maintain accurate standard costs , ensuring updates for raw materials, packaging, labor, and overheads.
• Analyze production variances , including material usage, price variances, labor efficiency, and overhead absorption.
• Validate and reconcile inventory movements (RM, PM, WIP, FG) on a monthly basis.
• Support month-end closing activities to ensure accurate COGS reporting .
• Conduct periodic cost analysis to support pricing decisions and promotional evaluations.

2. Reporting & Financial Analysis

• Prepare monthly management reports including cost statements, margin analysis, and expense dashboards.
• Analyze trends in product margins, production efficiency, and operational KPIs.
• Support the preparation of annual budgets and forecasts related to manufacturing and supply chain costs.
• Provide financial insights to Operations, Supply Chain, Sales, and Commercial teams.

3. Internal Controls & Compliance

• Ensure compliance with company policies, accounting standards, and internal controls.
• Participate in periodic stock counts and verify the accuracy of inventory valuations.
• Maintain and review BOMs (Bill of Materials) and ensure consistent costing methodology across the business.

4. Cross-Functional Collaboration

• Work closely with the Manufacturing, Supply Chain, Procurement, and Commercial teams to understand cost drivers and operational performance.
• Support new product launches by providing costings and margin evaluations.
• Assist in system improvements (ERP enhancements, automation tools, dashboards).

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification (CMA/CPA) is a plus.
• 2–5 years of experience in costing, reporting, or management accounting—preferably in the FMCG or manufacturing sector.
• Strong knowledge of standard costing , inventory accounting, and financial reporting.
• Experience with ERP systems (SAP, Oracle, Microsoft Dynamics, or similar).
• Advanced Excel skills; knowledge of Power BI is an advantage.

Skills & Competencies:

• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Ability to work under pressure and meet strict deadlines.
• Excellent communication and presentation skills.
• Proactive, collaborative, and business-oriented mindset.