Finance & Costing Manager – Manufacturing

Overview

Job Summary

Financial Management

• Manage the company's day-to-day finance and accounting operations.
• Prepare monthly, quarterly, and annual financial statements.
• Ensure accuracy of general ledger, accounts payable, accounts receivable, and bank reconciliations.
• Maintain compliance with UAE financial regulations and company policies.
• Manage cash flow, working capital, and financial planning activities.

Costing & Manufacturing Finance

• Develop and maintain product costing models for all products.
• Calculate and analyze direct and indirect manufacturing costs.
• Monitor material consumption, labor costs, and production overheads.
• Conduct variance analysis between actual and standard costs.
• Identify cost-saving opportunities and improve operational efficiency.
• Prepare profitability analysis by product, category, and department.

Inventory Management & Control

• Oversee inventory valuation and inventory accounting.
• Ensure accurate stock reconciliation between physical inventory and system records.
• Work closely with production and warehouse teams to minimize inventory discrepancies.
• Monitor slow-moving, obsolete, and excess inventory.
• Establish inventory control procedures and reporting mechanisms.

Budgeting & Forecasting

• Lead annual budgeting and periodic forecasting exercises.
• Develop financial models to support strategic decision-making.
• Monitor budget performance and recommend corrective actions.
• Provide financial insights to improve profitability and resource allocation.

Reporting & Analysis

• Prepare management reports and financial dashboards.
• Analyze key business performance indicators.
• Present financial performance reports to management.
• Support management with financial planning and strategic initiatives.
• Deliver timely and accurate financial reports and recommendations.

Process Improvement & Compliance

• Develop and implement finance SOPs, controls, and workflows.
• Improve financial reporting systems and automation processes.
• Ensure compliance with audit requirements and internal controls.
• Coordinate with external auditors, banks, and regulatory authorities.
• Support ERP and accounting system implementation and optimization.

Team Leadership

• Lead and mentor finance and accounting team members.
• Establish KPIs and performance standards for the finance department.
• Ensure finance operations are efficient, accurate, and scalable.
• Foster a culture of accountability and continuous improvement.

Requirements

• Bachelor's Degree in Accounting, Finance, Commerce, or related field.
• Professional qualification such as ACCA, CPA, CMA, or CA is preferred.
• Minimum 5–8 years of finance experience, including manufacturing finance.
• Strong experience in product costing and inventory management.
• Advanced knowledge of budgeting, forecasting, and financial analysis.
• Experience managing full-cycle accounting operations.
• Strong understanding of manufacturing cost structures and inventory controls.
• Excellent analytical and problem-solving skills.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Experience with ERP systems, Zoho Books, Odoo, SAP, Oracle, or similar systems is an advantage.

Preferred Experience

• Fashion manufacturing, garment manufacturing, retail, FMCG, or production environment.
• Experience managing inventory costing and production cost analysis.
• Experience implementing SOPs and internal controls.
• Familiarity with VAT compliance and UAE financial regulations.

Key Performance Indicators (KPIs)

• Accuracy of financial statements and reporting.
• Product costing accuracy.
• Inventory variance and stock reconciliation accuracy.
• Budget adherence and forecasting accuracy.
• Cash flow management effectiveness.
• Reduction in production and operational costs.
• Timely completion of month-end and year-end closing.
• Audit compliance and internal control effectiveness.

Working Conditions

• Full-time position.
• Manufacturing and production environment.
• Occasional overtime may be required during month-end, audits, budgeting, and reporting periods.

To Apply