Cost Accountant (Business Partner)

Position Summary

Cost Management

• Develop, maintain, and continuously enhance project, product, and service costing models.
• Monitor actual costs against budgets, forecasts, and established cost standards.
• Analyze cost variances and provide recommendations to improve financial performance.
• Review and validate overhead allocation methodologies and cost absorption rates.
• Identify cost-saving opportunities and support initiatives aimed at improving operational efficiency.
• Ensure accurate allocation of direct and indirect costs across projects and business units.

Business Partnering

• Partner closely with operations, procurement, commercial, and project teams to improve profitability and business performance.
• Provide financial guidance and commercial support for pricing decisions, tenders, proposals, and contract evaluations.
• Support management in evaluating strategic initiatives, business opportunities, and investment decisions.
• Deliver meaningful financial insights and recommendations to support informed decision-making.

Budgeting & Performance Management

• Support the preparation of annual budgets, forecasts, and long-term financial plans.
• Conduct budget versus actual analysis and investigate significant variances.
• Develop profitability, margin, and performance reports for management review.
• Monitor key business drivers and recommend actions to achieve financial objectives.
• Assist business units in developing realistic financial targets and performance measures.

Financial Analysis

• Perform break-even, sensitivity, and scenario analyses to support strategic planning.
• Evaluate new business opportunities, investment proposals, and operational improvement initiatives.
• Develop financial models and business cases to support management decisions.
• Identify trends, risks, and opportunities impacting financial performance.

Reporting & Compliance

• Prepare accurate and timely management reports, KPI dashboards, and financial analyses.
• Ensure costing and profitability reports are aligned with business and reporting requirements.
• Support internal and external audits by providing required schedules, reconciliations, and supporting documentation.
• Ensure compliance with company policies, accounting standards, and internal control procedures.
• Support continuous improvement initiatives within finance and business operations.

• Gross Margin Improvement

• Budget vs. Actual Accuracy

• Cost Savings Achieved

• Project and Service Profitability
• Forecast Accuracy
• Timeliness and Accuracy of Management Reporting

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, Cost Accounting, or a related discipline.
• Professional qualification such as CMA, ACCA, CPA, CA, or equivalent is highly preferred.
• Minimum 5–8 years of relevant experience in Cost Accounting, FP&A, Commercial Finance, or Business Partnering roles.
• Experience within contracting, engineering, telecom, technology, manufacturing, or project-based organizations will be considered a strong advantage.

Technical Skills

• Strong knowledge of Standard Costing, Actual Costing, and Activity-Based Costing (ABC).
• Proven experience in project costing, profitability analysis, and margin management.
• Ability to review BOQs, contracts, commercial agreements, and pricing structures.
• Advanced budgeting, forecasting, and financial modeling skills.
• Proficiency in ERP systems such as Microsoft Dynamics 365 Business Central, SAP, Oracle, or equivalent.
• Advanced Microsoft Excel skills including financial modeling, data analysis, and reporting.
• Experience with Power BI or other business intelligence tools.
• Strong understanding of commercial finance principles and financial controls.
• Knowledge of IAS/IFRS
• IAS 2 – Inventories
• IFRS 15 – Revenue from Contracts with Customers
• IAS 36 – Impairment of Assets
• IFRS 8 – Operating Segments

Core Competencies

• Commercial Acumen
• Business Partnering
• Strategic Thinking
• Analytical and Critical Thinking

• Financial Modeling & Decision Support

• Problem Solving

• Communication & Presentation Skills

• Stakeholder Management
• Professional Skepticism

Additional Application Requirements

• To support the evaluation process, applicants are requested to provide the following information:
• Do you have any additional experience, certifications, achievements, or relevant expertise that is not reflected in your CV? If yes, please provide details.
• Please confirm your current salary and salary expectations.

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