Cost Accountant

2.00 to 5.00 Years   Salmiya,Kuwait   18 Mar, 2023
Job LocationSalmiya,Kuwait
SalaryNot Mentioned
Functional AreaNot Mentioned

Job Description

Cost AccountantJob Location : SalmiyaRequirements:?Years of Exp :2 to 5 years in Costing and Accounting?Qualification: Bachelor Degree in Accounting or related business disciplineDescription :?To perform plant cost accounting and reporting activities and reconciliations, and to carry out cost variance analysis in accordance with international accounting standards and Client policies and procedures.?Assist in the development, consolidation and monitoring of plant?s annual budget and ensure availability of accurate financial records to facilitate statutory and organizational requirements?Assist in evaluating business requirements and in preparing manufacturing budget in-line with business plans to ensure they meet cost and profitability targets, whilst being realistic and achievable.?Establish and maintain cost center?s structure along with data capturing model whilst apply various cost accounting techniques to conduct studies and provide detailed cost information.?Maintain detailed budgets for various cost centers and prepare costing reports, issuing variance cost and production reports to line management highlighting areas of concern. Oversee the cost allocation process based on business rules to ensure expenses and variances are properly allocated.?Create and account for fixed assets additions, deletions and write-offs as per accounting standards to ensure that fixed assets are managed in financially sound and secure manner.?Ensure accurate verification of all expenditure documents to assess if they are in accordance with all parameters of signed contracts, agreements and allocated budget prior to forwarding same to superior / delegation of authority for approval.?Inventory Verification -Fixed Assets, Finished Goods, Raw materials and Spare Parts?An accurate record of financial information in the books and SAP system and ensure that they are in adherence to regulatory accounting standards whilst reconciling cost accounting reports with financial accounts?Prepare periodical progress reports for plant and cost accounting activities and month end closing activities in order to track the achievement of targets and take corrective actions where necessary.?Coordinate with the internal and external auditors providing assistance in the discharge of their responsibilities and respond to their questions ensuring that the integrity of the?organization?s financial management practices meet their requirements.?Contribute to the identification of opportunities for continuous improvement of Cost?Accounting systems, processes and practices taking into account & international best practice & improvement of business processes, cost reduction and productivity improvement.?Comply with all relevant health, safety, security and environmental management policies, procedures and controls to guarantee employee safety, legislative compliance and a responsible environmental attitude

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