Manager of Cost Accounting

JOB OBJECTIVE

To supervise and monitor the preparation of the annual budget cost and resource planning for all departments and subsidiaries as well as the variance analysis between budget and actual costs to provide relevant advice to Senior Management ensuring that financial resources are utilized efficiently.

KEY ACCOUNTABILITIES

Description

Strategy Contribution and Implementation

 Contribute to the development of the departmental strategy and ensure effective cascading of departmental strategy into the costing section’s policies and procedures in line with the overall business objectives.

People Management

 Manage the effective achievement of objectives through setting individual objectives managing performance developing and motivating staff provision of formal and informal feedback and appraisal in order to maximise subordinate and the overall performance.

Organisation Structure

 Support the department head in defining an optimum departmental structure so that resources are optimally utilised and communication can take place in an efficient manner.

Budgeting amp Planning Activities

 Prepare the budget for the respective section and monitor financial performance versus the budget so that the business is aware of anticipated costsrevenues and areas of unsatisfactory performance are identified rectified promptly and potential performance improvement opportunities are capitalised upon.

 Work closely with department heads to set the key annual targets and budget assumptions for the company and ensure proper review and consolidation of budget plans.

 Coordinate the budget call across the company to ensure set budgeting processes are adhered to across the company.

 Recommend benchmarks for measuring the financial and operating performance of all sections and departments. Monitor financial performance versus the budget on monthly and quarterly bases so that the business is aware of anticipated costsrevenues and areas of unsatisfactory performance are identified rectified promptly and potential performance improvement opportunities are capitalised upon.

 Coordinate the review and adjustments to the annual organizationwide corporate plan and budget and lead the consolidation and review of the budgets and business plans for endorsement and final approval by the Board of Directors.

 Review and monitor the preparation of Budget vs. Actuals reports and coordinate budget reallocations to keep track of budget deviations at all time.

 Review documentation for direct purchases to ensure approvals are in line with spends authorities verifying that all expenses are within annual budgets.

Cost Allocation

 Plan and implement appropriate shifts in strategy for cost allocation and budget utilisation to meet the company’s needs and align with the company’s aggressive growth plans aimed at minimising the risks on various projects undertaken.

 Provide senior management with recommendations and proposals for the continuous reduction in costs of project and operations expenditure through strict control of labour materials and equipment costs at various stages of the projects and operations.

 Ensure that all appropriate cost changes are included and incorrect inappropriate changes are excluded from the cost baseline unless properly authorised in order to effectively control project costs and meet the business objectives.

Skills

QUALIFICATIONS EXPERIENCE SKILLS

Minimum Qualifications

Bachelor degree in Finance or related field.

Qualified Chartered Accountant Certification.



Minimum Experience

810 years relevant experience including at least 4 years in positions of progressively increasing managerial responsibilities in budgeting and or costing.



JobSpecific Skills

Knowledge of accounting procedures protocols and guidelines.

Knowledge of GAAP and International Financial Reporting Standards IFRS.

Strong people management skills.

Time management skills.

Accuracy and attention to detail.

Advanced numerical and analytical skills.

Excellent negotiation skills.

Excellent report writing skills.

Good communication and presentation skills.

Advanced MS office skills.

via http://qatar.tanqeeb.com/jobs-in-qatar/doha/accountant/004195199.html

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