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Job Description
- Collect cost information and maintain an expenses database
- Plan and record variable costs (e.g. purchases of raw material and operations costs)
- Review standard and actual costs for inaccuracies
- Prepare budgeting reports (for the company and for each department)
- Analyze and report profit margins
- Prepare (monthly, quarterly and annual) cost forecasts
- Assisting in month-end and year-end closing
- Identify and recommend cost-effective solutions
- Monitor and update cost estimates for projects to ensure adherence to expected cost ranges.
- Review expense reports to verify the reasonableness and appropriateness of expenses in relation to project circumstances.
- Coordinate with various departments, including human resources, payroll, accounting, and finance, to ensure accurate tracking of all costs.
- Monitor budgets to prevent overspending and ensure compliance with approved spending levels
- Gather cost data from suppliers or subcontractors to track material costs associated with projects.
- Prepare bid estimates for new projects or bids on existing projects.
- Assess incoming products, resources, and services to ensure optimal pricing and cost efficiency
- Analyze invoices to verify the receipt of correct Material /services at the expected cost.
- Prepare variance analysis reports for projects and effectively communicate findings to relevant parties.
- Validate the cost of sales across all project outlets and ensure alignment with the budget and finance department.
- Conduct physical inventories and actively monitor the cycle count program
Job Requirements
- Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role
- Thorough knowledge of accounting procedures
- relevant knowledge of Generally Accepted Accounting Principles
- Experience with accounting software, like Microsoft Dynamics
- Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
- Excellent analytical skills with an attention to detail
- Strong time management skills
- Integrity, with an ability to handle confidential information
- BSc degree in Accounting, Finance or relevant study
- Construction Background will be an advantage.
- 7-10 years of Experience.
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