Position:  Accountant (Cost Control)

Location: Doha, Qatar

Duration: Permanent

Job Purpose: Responsible for collection, analysis and presentation of financial and accounting data, both internally and externally. Provide professional advice and guidance relating to a broad spectrum of accounting, management accounting and financial reporting, demonstrating a sound understanding of the underlying principles, concepts and standards.  

Minimum Qualification: Bachelor’s Degree in Finance plus CA, CMA or CIMA would be preferred.

Minimum Experience: Minimum 6 years’ working experience in Management Accounting in a manufacturing organization with big 4 company is a must. Steel Industry experience would be preferable.

Salary: Approx. QAR 23,000 per Month Based on experience Including Housing + Other Benefits as per Qatar Labor Law.

Key Responsibilities:

Monthly / Annual Closing 

Periodic closing and opening subsequent month Cost Management and Inventory modules. Overhead allocations and absorptions allocations on monthly basis. Allocation of joint cost through mass allocation. Prepare books closing JV though overhead allocation. Prepare working for absorption variance and pass necessary JV before month close. Monitoring of pending transaction for inventory organizations and closing all inventory organization. Clearing of various WIP accounts. Monitoring expenses booking and scrutiny of trial balance. Running COGS recognition program and monitoring WIP jobs valuation. Passing necessary accounting JVs for WIP and absorption variances.

Cost Control / Continuous improvement 

Preparation of monthly product cost sheet, process wise for DRI, steel making and rolling mill. Preparing auxiliary product cost sheets for Lime, Dolo Lime, RBQ, etc. Assist in collecting accurate and up-to-date product cost information for product prices. Advise / suggestion on cost center creation.

Reporting

To run fixed cost breakup for G&A and COGS, utility and overhead report, plant-wise depreciation report and fixed cost report by department and by GL account. Preparation of data pack for IQ reporting for quarterly reporting. Data for Ministry of Economics and Statistics, yearly.  Data for producer price index and other external agencies. By product inventory details and its sales history for management reporting. Non-moving inventory item report and stock analysis report for leadership meetings. Create discoverer report as per business requirement.

Inventory/Material Accounting functions

Daily running of create accounting for all inventory organizations and completing multi-period accounting.  Check for stuck transactions and getting it cleared with help of IT.  To check for any pending or uncosted transaction in the inventory module. Monthly Inventory/GL reconciliation (MAD Summary). Running “transfer general entries to GL cost management program, “transfer Journal Entries to GL receiving”. “Create Accounting Receiving”. Create absorption element as per need/required changes. Raw Material landed cost management in system. Overhead absorption rate update in the system. Debit note / credit note implication workings particularly for oxide pellet and scrap purchases and its loading on the inventory carrying cost in the system. Inventory reconciliation, monthly reconciliation of inventory subledger balances with GL. Participate in physical stock verification process. Assist with data for dealing with the statutory auditors for Half yearly and Year end audits relating to inventory and product costing.

Policies and Procedures

Development of costing system for new products & processes. Preparation of procedure document for activities related to costing, inventory etc.

Overseas Candidates are Welcome to apply

For Overseas candidates Flight Tickets and Visa will be provided.

Salary: Approx. QAR 23,000 per Month Based on experience Including Housing + Other Benefits as per Qatar Labor Law.

Only shortlisted candidates will be contacted for interviews.