Cost Accountant / Cost Analytics (Oil & Gas)

Job Summary

We are seeking a highly analytical and detail-oriented professional specializing in manufacturing cost accounting and profitability analysis. This role will support our facility in JAFZA Free Zone, Dubai, by managing and optimizing cost structures, ensuring accurate cost tracking, and delivering insightful profit and loss evaluations.

Key Responsibilities

· Develop, implement, and manage cost accounting systems for manufacturing operations (materials, labor, overhead).

· Calculate standard and actual Cost of Goods Manufactured (COGM) and analyze variances (material, labor, overhead); prepare detailed cost variance and margin reports.

· Support month-end close for inventory and COGS, ensuring accurate journal entries and reconciliation to general ledger.

· Perform budgeting, forecasting, and profitability analyses by product, customer, and region; provide cost insights for pricing and quoting.

· Conduct physical inventory audits including cycle counts, and manage inventory valuation, reserves, and flow compliance.

· Collaborate with manufacturing, supply chain, and planning teams; educate stakeholders on cost drivers and improvement areas.

· Prepare monthly/quarterly gross margin, product profitability, cost allocation, and operational KPI reports.

· Analyze changes in BOMs, raw materials, production methods; evaluate impacts on costs and advise operations accordingly.

· Ensure internal compliance (e.g., SOX, IFRS/UAE standards) and support audit processes.

· Drive continuous improvement in cost systems, processes, and efficiency metrics through automation tools or ERP platforms.

Qualifications & Skills

· Education: Bachelor’s degree in Accounting, Finance, or a related field. (MBA or professional certification like CMA, CPA, or CMA India is a plus).

· Experience: Minimum 3 years in manufacturing cost accounting or related analytics role; experience in cost structures, analysis, and inventory accounting required.

· Technical Skills: Advanced Excel (pivot tables, v-lookups), ERP familiarity (SAP, JDE), systems-savvy with tools for costing and reporting.

· Analytical & Detail-Oriented: Strong analytical mindset to dissect variances, cost drivers, and inefficiencies.

· Communication: Excellent ability to present complex cost data clearly and work collaboratively with cross-functional teams.

· Regulatory Awareness: Knowledge of UAE accounting standards, VAT, and relevant compliance frameworks.

· Proactive & Improvement-Focused: Enthusiasm for refining cost processes, tools, and cost visibility across operations.

Desirable (Nice to Have)

· Certification such as CMA, CPA, or CMA (India).

· Exposure to Lean Manufacturing, Six Sigma, or other process improvement methodologies.

· Experience working in a GCC or free zone manufacturing environment, understanding local regulations and cost drivers.

Job Type: Full-time

Pay: AED10,000.00 - AED15,000.00 per month