Job Description
Industrial Accountant
Location: Abu Dhabi, UAE
Department: Finance/Accounting
Reports To: Finance Manager/Chief Financial Officer (CFO)
Job Overview:
The Industrial Accountant is responsible for managing and analysing the financial aspects of manufacturing operations within the company. This role involves cost accounting, budgeting, financial reporting, and supporting the management team with insights to drive cost efficiency and profitability in the production process. The Industrial Accountant plays a critical role in ensuring accurate financial records and compliance with industry standards.
Key Responsibilities:
- Maintain and manage all financial records related to manufacturing operations, including cost accounting and inventory management.
- Prepare detailed cost analyses for production activities, including material, labour, and overhead costs.
- Monitor and analyse variances between actual production costs and budgeted costs, providing insights and recommendations to management.
- Develop and manage the budgeting process for manufacturing operations, ensuring alignment with overall company financial goals.
- Prepare and present financial reports, including profit and loss statements, balance sheets, and cash flow analyses, specific to manufacturing operations.
- Conduct periodic inventory audits and ensure accurate valuation of raw materials, work-in-progress, and finished goods.
- Collaborate with the production and procurement teams to identify opportunities for cost reduction and efficiency improvements.
- Ensure compliance with local and international accounting standards, as well as industry-specific regulations.
- Assist in the preparation of financial forecasts and support decision-making with relevant financial data.
- Coordinate with external auditors during financial audits and provide necessary documentation and explanations related to manufacturing costs.
- Implement and maintain effective internal controls to safeguard company assets and ensure accurate financial reporting.