Cost Accountant / Inventory & Asset Accountant | Pan Marine Shipping Services

Alexandria, Egypt

Be Part of a Leading Maritime Group – Apply Now for Cost & Asset Accountant Role

Responsibilities

Develop, implement, and maintain robust cost accounting systems tailored for depot operations, including direct and indirect cost allocation for handling, storage, and particularly Maintenance & Repair (M&R) activities.
Conduct in-depth variance analysis comparing actual operational costs against standard costs, budgets, and historical data for services, labor, and materials (especially M&R parts). Investigate significant variances and report findings.
Provide detailed cost-of-service analysis to support pricing strategies for various depot services and to identify profitable and unprofitable areas.
Analyze M&R job costs, comparing repair estimates against actual expenditures for labor, spare parts, and third-party services, identifying areas for efficiency improvements.
Support the development of operational budgets and forecasts by providing accurate cost data and projections.
Manage the perpetual inventory system for all spare parts, tools, and materials used in depot operations, ensuring accurate and up-to-date records of quantities, values, and movements.
Implement and oversee inventory valuation methods (e.g., FIFO, weighted average) in compliance with accounting standards.
Coordinate and participate in periodic physical inventory counts (e.g., cycle counting, annual inventory), reconciling physical counts with system records and investigating any discrepancies.
Monitor inventory levels to prevent obsolescence, overstocking, or shortages, collaborating with procurement and operations teams.
Manage the full life cycle of fixed assets (e.g., reach stackers, forklifts, office equipment, land improvements), from acquisition and capitalization to depreciation, impairment, and disposal.
Ensure accurate recording of fixed asset details, including cost, useful life, depreciation method, and location.
Perform timely and accurate depreciation calculations and record related journal entries.
Conduct periodic physical verification of fixed assets to confirm existence, condition, and location, reconciling with asset registers.
Provide analysis on capital expenditure proposals and asset utilization.
Prepare various detailed cost-related reports for management, highlighting key cost drivers, trends, and areas for improvement.
Generate regular inventory valuation reports, aging reports, and fixed asset schedules.
Ensure strict compliance with internal controls related to inventory and fixed assets, safeguarding company assets.
Support internal and external audit activities related to cost, inventory, and fixed assets.

Qualifications

Education: Bachelor’s degree in accounting, or Finance. Professional certification (CMA) is a plus.
Experience: 3-5 years of progressive experience in cost accounting, inventory management, or fixed asset accounting, with a strong preference for experience in manufacturing, logistics, heavy equipment, or a similar industrial/depot environment.
Exceptional analytical and quantitative skills with the ability to interpret complex financial data and operational metrics.
In-depth knowledge of cost accounting principles, inventory valuation methods, and fixed asset accounting rules (IFRS/GAAP).
Advanced proficiency in ERP systems (specifically modules for Costing, Inventory Management, and Fixed Assets) and expert-level Microsoft Excel skills (including advanced formulas, pivot tables, and data modeling).
Strong attention to detail and a high degree of accuracy.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with operations, procurement, and other non-finance departments.
Proactive problem-solver with an ability to identify and implement efficiency improvements.

Job Details

Employment: full-time
Location: Alexandria’ Depot

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