Cost Accountant M.S. AL-SUWAIDI HOLDING COMPANY

Summary

Experience: 6 - 11 Years

Location:

Saudi Arabia

Education: UG - B.Com - Commerce PG - CA

Industry Type: Other

Role: Cost Accountant

Functional Area: Accounts, Finance, Tax, CS, Audit

Posted Date: 20 Jun

Desired Candidate Profile

a)Physical: strength, stamina, lifting heavy material, sorting, walking, standing, climbing, dexterity, eye-sight, hearing, height, weight, etc. – (Stamina, Eyesight, Hearing)

b)Mental: concentration, observation, alertness, calculation, reading drawings, analytical, memory, intelligence, imagination, accuracy, quick-reflexes, etc. –

(Concentration, observation, alertness, calculation, reading, analytical, memory, intelligence, imagination, accuracy)

c)Social: co-ordination, verbal expressions, written communication, organizing, supervising, motivating, teamwork, etc.

(cross functional co-ordination, verbal expressions, written communication, organizing, supervising, motivating, teamwork)

d)Special: typing, computer skills, high-speed machine, operating at difficult condition, any other special skill, etc.

(Computer Skills/ERP integrations & processing)

10. Resources Needed to Effectively Perform the Job:

a)Major: - Back up of ERP financial and Costing modules duly integrated with other modules, high-speed data transmission & retrieval,

b) Minor: - Networking like e-mail, WAN, LAN, high speed printers, VSAT.

11. Nature of Job:

- Repetitive, Innovative – (40% repetitive & 60% innovative)

 

Branch of Qualification

A professionally qualified Cost Accountant with equivalent degree like ICWA, ACA, CPA, etc.

Training in Months

Experience in Years/Hours

6-8 years + of Post Qualification experience.

English Language (understand, read, write, speak)

Understand, read, write, speak

Arabic Language (understand, read, write, speak)

Preference will be given.

Computer Skill (elementary, Microsoft office, CAD, special)

Strong ERP orientation with good MS Office exposure.

Analytical Skill – (Very High)

 

Key Competencies.

a.Strong orientation to job/product costing principles & processes preferably in a capital intensive equipment rental/project construction environment.

b.Strong analytical skills. Ability to analyse key cost & efficiency drivers in a business, interpret their trends & relationships & provide analytical inputs to business team for improved decision making.

c.In-depth cross functional knowledge of other functions of a business & their integration with costing system.

d.Ability to scan competitive environment & do benchmarking on key cost/efficiency parameters.

e.Ability to do techno/ financial viability of new investment decisions & Capex plans. Also ability to put information systems for evaluating their actual performance against such plans on periodical basis.

f.Strong system & IT orientations. Good exposure to running costing modules in an ERP environment & their integration with other modules & functions.

Job Description

 

1. 1.To implement/improve & stabilize process of Job Costing covering equipment wise, customer wise, market segment wise cost &profitability.
2. 2.To stabilize & operate system of capturing of direct costs to equipments/customers in JDE costing module on day to day basis.
3. 3.To finalize/review & update basis of identification/allocation of expenses to equipments/customers on rational basis in JDE.
4. 4.To process monthly reports on equipment wise, product group wise, customer wise & market segment wise profitability.
5. 5.To do variance analysis of profitability for improved decision making.
6. 6.To do profitability analysis of capital investment decisions against original plans.
7.  

 

 

-Duties (basic elements of the job): Daily/weekly/monthly/annually

( Whether - daily, weekly, monthly, annually, randomly )

 

1.To understand job costing module in JDE & it’s integrations with

financial accounting & other modules/functions.

2.To implement/stabilize the process of job costing in JDE to ensure

reporting of cost & profitability on:-

a) Each equipment & equipment category wise.

b) Customer wise,

c) Product /Offering wise

d) Market segment wise

3.To ensure that internal processes across functions facilitate capturing of direct costs to each equipment/customer on online basis.

4.To review, establish and improve systems, processes & basis of identification/allocation of direct & indirect expenses to product/customer groups & finally to individual equipment/customer.

5.To periodically check & ensure that process of collection, identification & allocation of costs to equipments/projects is being done correctly across functions.

6.To run monthly/periodical reports on equipment wise & customer wise cost & profitability & submit them to operating team/management for review & decision making.

7.To do monthly/ regular analysis of profitability variance on rate, utilization, expenses etc, & submit report to operating & business management for analysis & decision making.

8.To do other profitability analysis, as advised from time to time, & submit reports to management thereon.

9.To do periodical profitability analysis from new capex proposals against their original plans & submit reports to business management /Corporate finance.

10.To provide necessary costing inputs for SLA agreement with Group companies.

11.Any other duties & responsibilities that may be given from time to time

 

-.Responsibilities and Accountabilities:

1. a)Primary/Secondary: ( policy making, sanctioning, mobilizing, determining, maximizing, accounting, following, acquiring, averting, executing, improving, value adding, acquiring, resolving, reviewing, abiding, coordinating, supporting, etc.)
2. 1.Responsible for integration of job costing module in JDE with financial accounting & other modules/business processes.
3. 2.Responsible for implementation/stabilization of the process of job costing in JDE to ensure reporting of cost & profitability on each equipment, customer, product offering wise & market segment wise.
4. 3.Responsible to ensure that internal processes across functions facilitate capturing of direct costs to each equipment/customer on an online basis.
5. 4.Responsible for reviewing & establishing / improving systems, processes & basis of identification/allocation of direct and indirect expenses to product/customer groups & finally to individual equipment / customer.
6. 5.Responsible to ensure that process of collection, identification & allocation of costs to equipments/projects is being done correctly on ongoing basis.
7. 6.Will be responsible for running monthly/periodical reports on equipment wise & customer wise cost & profitability & submit them to operating team/management for review & decision making.
8. 7.Will be responsible to do monthly/ regular analysis of profit variance on rate, utilization, expenses etc, & submit report to operating & business management for analysis & decision making.
9. 8.Responsible to do other profitability analysis, as advised from time to time, & submit reports to management thereon.
10. 9.Will be responsible to do periodical profitability analysis from new capex proposals against their original plans & submit reports to business management /Corporate finance.
11. 10.Will be responsible for providing necessary costing inputs for SLA agreement with Group companies.

 

Keywords: CA,CPA,CMA,CWA ,Cost accountant

Company Profile

M.S. Al- Suwaidi Group is one of the top 100 companies in Saudi Arabia; employing more than 18,000+ people and engaged in multiple businesses and group turnover of $800 Mn plus. Its various business interests included Operation & Maintenance, Construction, Trading, Hospitality Industrial Services, Accommodation, Manufacturing and Travel & Tourism.

M.S. Al- Suwaidi Holding Company (A Corporate Body) has been formed as the apex organization in the year 1999. Under the umbrella of the Holding Company, several Strategic Business Units (SBUs) have been formed, where each SBU is being incorporated into a Limited Liability Company. In addition to providing strategic support, M.S. Al-Suwaidi Holding Co. Ltd., also provides vital assistance to its various Strategic Business Units in the areas of Finance, Human Resources, Group Planning and Business Development, Legal and Internal Audit.

Following are the companies in the group:
1. Al- Suwaidi Industrial Services Co. Ltd- Over the years this company has become one of the largest and highly efficient privately owned Construction, Maintenance, Scaffolding and Industrial Services organizations in the Kingdom of Saudi Arabia. The industries served by SIS are Oil & Gas, Petrochemical, Chemical, Fertilizer, Steel, Power, Desalination, and Metallurgical.
2. Al- Suwaidi Equipment & Transport Co. Ltd- Is engaged in offering its target market segments with a vast array of Equipment Services.
3. Al- Suwaidi Services Co. Ltd- Commenced its Catering Operations. Today, they have grown to 1200 employees in Catering Solutions and Staff Inn Divisions.
4. Precision Forgings – Forgings & Flanges
5. Intermediate Chemicals Co. Ltd- Manufactures Zinc Oxide
6. Al- Suwaidi Trading & Development- Is engaged in the supply of high quality Mechanical, Electrical & Instrumentation project materials, equipment and services to Oil & Gas plants, petrochemical companies, Utility companies.
7. Information Management Technologies Co. Ltd- is an end to end IT Solutions Provider.
8. Al- Suwaidi Real Estate Enterprises Co. Ltd- Was formed in response to the continuing development of Saudi Arabia especially in the field of Property, Land and Infrastructure Development.

For more information please log on to www.suwaidi.com

Contact Details

Company Name: M.S. AL-SUWAIDI HOLDING COMPANY

Website: https://www.suwaidi.com

Address: Not Mentioned

Telephone: Not Mentioned