Finance Manager Cost Accounting

  • Emirates Airline
  • Dubai - United Arab Emirates
  • Jan 11, 2017
Full time General Business

Job Description

Finance Manager – Cost Accounting - 160001FJ Job Purpose The purpose of this job is to lead, analyse and report ways to improve inter business cost control & efficiency. This role will be responsible for analysing all costs data for actuals, monthly forecast and annual budget and contributing to the preparation of requisite financial statements. This job will support the Senior Manager Financial Analysis with the preparation of cost analytics to enable decision making. Key Accountabilities Proactively provide monthly cost reports to the business so that they are held accountable for their variances against forecast and budget. Work with the business to make sure that the latest forecast is as accurate as possible to ensure that variances are kept to a minimum. Review cost allocation of overheads, indirect costs and ensure it is accurate and in line with best practice and business needs. Review and analyse inventory and margin reports, conduct research and perform analytical studies in regards to cost analysis and profitability. Review company bottlenecks and recommend changes to improve the overall level of company throughput Review month end closing and reporting and identify cost trends. Investigate and report on unusual trends. Gain an understanding of each business area so as to assess the financial risks and opportunities Implement, monitor and provide continuous improvement in the standard work procedures for appropriate cost accounting procedures and methods. Conduct and analyse audits of costs and prepare reports. Maintain a documented system of costing policies and procedures Identify Food costs accounting, transfer pricing and produce reports to support SM in analysis. Prepare, analyse and report weekly, monthly, quarterly gross margin analysis by product type and customer type Analyse cost accounting data and assist with cycle count/physical inventories. Ensure internal controls are robust and active. Prepare presentations and progress reports, on food costs, yield analysis KPIs Proactively analyse data and identify trends in cost analysis, food cost and revenue trends Prepare work papers and summarise the actual spend versus budgets and variance analysis on Food costs, menu changes and laundry Support the technology strategy of finance by assisting with implementations through testing of new systems. Define & develop metrics and tracking system for major cost drivers Ensure all policies and procedures for all cost accounting activities are up to date Analyse financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets. Coordinate with IT department for system issues, maintenance and development of cost accounting system with high levels of integration with production, purchasing, and FCS Assist with cost data and analysis to aid preparation of on operational decisions with financial impact such as buy/hire, outsource/in-house. Assist with cost data and analysis to aid Procurement analysis Must support internal and external audits and perform special projects or other duties as required. Maintain a safe and clean work environment. Comply with all relevant quality, health, safety and environmental management policies, procedures and controls Qualifications & Experience Qualifications: Professional qualification in Finance, Cost Accounting (CIMA, ICWA ACA) Professional qualification in Business MBA preferred Proficient in using ERP and Excel for analysis Experience: 6 to 9 years’ progressive post qualification experience Experience in FMCG, factory accounting, hospitality and food industry are highly preferred Big four Audit and forensic accounting experience preferred Knowledge of general and cost accounting principles and practices. Strong mathematical and analytical skills. Excellent written and verbal communication skills. Ability to interact with all levels of management. Self-starter, self-directed and detailed oriented individual. Ability to clearly and concisely communicate with non-accounting professionals Job Category : Finance & Audit Primary Location : United Arab Emirates-Dubai Job Posting : 16-Oct-16, 10:36:51 AM Closing Date : 15-Nov-16, 11:59:00 PM