Operations & Cost Accountant

Job Description: Operations & Cost Accountant1. Job Purpose

The Operations & Cost Accountant is a pivotal role designed to ensure the financial integrity and efficiency of the company’s daily operations. This position oversees three critical pillars: (1) The Procurement-to-Pay cycle, (2) Payroll & Benefits Administration, and (3) Cost Accounting & Analysis. The primary objective is to maintain rigorous internal controls, optimize operational spending, and provide accurate financial data to support strategic decision-making.

2. Key Responsibilities

A) Procurement & Payables Management:

• Manage the full procurement-to-pay cycle, ensuring a 3-way match between Purchase Orders (POs), invoices, and Goods Received Notes (GRNs).
• Perform regular reconciliations of vendor statements and manage aged payables to optimize cash flow.
• Collaborate with the procurement team to evaluate vendor performance and negotiate better payment terms.

B) Payroll & Compensation Management:

• Execute accurate monthly payroll processing, including the calculation of overtime, deductions, bonuses, and social insurance contributions.
• Manage employee end-of-service benefits (EOSB) and final settlements in compliance with local labor laws.
• Coordinate with Human Resources to audit attendance records and ensure seamless financial integration of payroll data.

C) Cost Accounting & Inventory Control:

• Analyze production or service costs to determine precise unit costs and overhead allocation.
• Perform Variance Analysis (Standard vs. Actual costs) and provide actionable reports to management on cost-saving opportunities.
• Oversee periodic physical inventory counts, reconcile variances, and identify slow-moving or obsolete stock.

D) Financial Reporting & Internal Audit:

• Prepare monthly operational expenditure (OPEX) reports and labor cost analysis.
• Enforce internal control policies to mitigate financial leakage, fraud, or errors in operational spending.

3. Qualifications & Experience

• Education: Bachelor’s degree in Accounting or Finance. Professional certifications (e.g., CMA, ACCA, or SOCPA) are highly preferred.
• Experience: 5–7 years of progressive experience, with at least 3 years in an operational environment (Manufacturing, F&B, or Retail).
• Technical Skills: Advanced proficiency in ERP systems (SAP, Oracle, Odoo, or Microsoft Dynamics) and expert-level MS Excel skills.

4. Core Competencies

• Numerical Accuracy: Exceptional attention to detail when handling complex data and large-scale payroll.
• Integrity & Confidentiality: High ethical standards regarding sensitive salary information and vendor contracts.
• Analytical Thinking: The ability to interpret financial trends and translate them into operational improvements.
• Time Management: Proven ability to meet strict deadlines for payroll closing and monthly reporting.

5. Key Performance Indicators (KPIs)

• Payroll Accuracy Rate: Maintaining a 0% error rate in monthly salary disbursements.
• Procurement Efficiency: Percentage of early payment discounts secured through diligent payables management.
• Cost Variance Margin: Keeping the gap between actual and budgeted costs within a +/- 3% range.
• Reporting Cycle Time: Delivering month-end operational reports within [X] business days of the closing.

Job Type: Full-time

Pay: QAR2,000.00 - QAR4,000.00 per month

Experience:

• accounting: 9 years (Required)

Work Location: In person