Main Duties and Responsibilities:
- Cost Analysis: Calculating the costs of raw materials, labor, and indirect expenses for each product or service [1, 4].
- Budget Preparation: Assisting in the preparation of annual financial estimates and comparing actual costs with estimated ones to identify variances [1, 5].
- Inventory Control: Monitoring inventory movement and conducting periodic valuations to ensure the accuracy of financial data [1, 5].
- System Development: Designing and improving cost accounting systems to increase the accuracy of expense tracking [1].
- Financial Reporting: Providing periodic reports to management on profit margins, cost of sales, and operational efficiency [3, 4].
Required Qualifications and Skills:
- Education: Bachelor's degree in Accounting or Finance [2].
- Technical Skills: Proficiency in working with ERP software such as SAP or Oracle, and advanced skills.
- Analytical Skills: High ability to analyze numbers and extract logical results to improve performance [4].
- Accuracy: Meticulous attention to detail to ensure the correctness of cost entries [4].
Skills
Technical Skills (Hard Skills)
- ERP System Proficiency: Ability to work with enterprise resource planning software like SAP, Oracle, or Microsoft Dynamics [1, 2].
- Advanced Excel Skills: Building financial models, using Pivot Tables, and complex functions for data analysis [1, 5].
- Knowledge of Accounting Standards: Deep understanding of International Financial Reporting Standards (IFRS) or local standards related to cost and inventory accounting.
- Cost Allocation Methods: Experience in applying different costing methods such as (ABC) or (Standard Costing) [4, 5].
Analytical Skills
- Variance Analysis: Ability to detect differences between actual and estimated costs and interpret their causes [1, 3].
- Profitability Analysis: Evaluating profit margins for products and services to identify the most viable ones [4].
- Problem Solving: Finding innovative ways to reduce waste and improve spending efficiency [3].
Personal Skills (Soft Skills)
- Extreme Accuracy: Paying attention to the finest financial details, as a small error can affect major pricing decisions.
- Effective Communication: Ability to explain complex financial reports to non-accountants (such as production managers) in a simplified manner [5].
- Time Management: Adherence to strict deadlines for monthly and annual account closings [2].
