Sr. Specialist Accountant - Cost Accounting

About This Role

External Job Description About AL TARIQ Established in 2012, AL TARIQ is the first UAE-based manufacturer of precision-guided systems for conventional aerial munitions. AL TARIQ is a regional leader in precision-guided munition kits, matching the quality of global manufacturers at a smaller and faster scale. AL TARIQ leverages the latest advanced technologies in the field of optics and propulsion systems and has built up its engineering expertise through continuous innovation to deliver new products as well as production process improvements.

Job Summary: To work on costing, budgeting, forecasting and monthly closing areas of Al Tariq.

Performs financial functions related to the accuracy, recording, analysis and presentation of Al Tariq's financial operations.

Key Accountabilities:

• Project costing – Full understanding of the different specific projects that the company is undertaking. Understand the contract 100% and be able to explain the financial result for each project. Prepare on time monthly financial statements for each project and clearly explain the results for the month, year to date and project to date. Business partner of the different Project Managers responsible for the projects.
• Prepare the Estimated at Completion cost calculation (EAC) for each project.
• Product costing – prepare and validate product costing for all products included into each project
• Full knowledge of the manufacturing accounting system. This is a key responsibility to understand the performance in the floor and evaluate the monthly financial results expected
• Coordinate and prepare the annual budget and forecast process for the company
• Prepare monthly management reports for senior management including monthly BOR
• Upload monthly management report on timely basis to Hyperian and EDGE portal
• Create new asset in SAP and check the same from approved Capex budget
• During monthly closing process, ensure proper classification of expense with respect of proper cost center, transferred expenses which related to WIP specific to projects, transferred general expenses to WIP general, calculation of finished goods based on EAC and calculation of cost variance based on real WIP available on production floor compared with GL.
• Prepare cash flow forecasting to monitor inflows and outflows
• Prepare letter of credit / letter of guarantee and coordinate with banks and other department in company
• Variance analysis between budget vs actual cost.
• Provide assistance and co-ordination to auditor with respect to interim and full year audit.
• Provide assistance to other team members in achieving their day to day task (if require)
• To work and promote team work to ensure timely achievement of objectives and KPI not only finance department but only organization as whole
• Costing, budgeting and forecasting
• Help in monthly closing to ensure timely availability of monthly MIS
• Prepare monthly and ad hoc report for senior management.

Experience & Education Qualifications:

• Bachelor’s degree in finance or accounting
• Professional qualifications: CMA/CIMA or its equivalent qualifications
• Minimum 10 years of experience in costing and budgeting in manufacturing industry
• Experience in costing and budgeting in manufacturing industry

#ALTARIQ

Internal Job Description About AL TARIQ Established in 2012, AL TARIQ is the first UAE-based manufacturer of precision-guided systems for conventional aerial munitions. AL TARIQ is a regional leader in precision-guided munition kits, matching the quality of global manufacturers at a smaller and faster scale. AL TARIQ leverages the latest advanced technologies in the field of optics and propulsion systems and has built up its engineering expertise through continuous innovation to deliver new products as well as production process improvements.

Job Summary: To work on costing, budgeting, forecasting and monthly closing areas of Al Tariq.

Performs financial functions related to the accuracy, recording, analysis and presentation of Al Tariq's financial operations.

Key Accountabilities:

• Project costing – Full understanding of the different specific projects that the company is undertaking. Understand the contract 100% and be able to explain the financial result for each project. Prepare on time monthly financial statements for each project and clearly explain the results for the month, year to date and project to date. Business partner of the different Project Managers responsible for the projects.
• Prepare the Estimated at Completion cost calculation (EAC) for each project.
• Product costing – prepare and validate product costing for all products included into each project
• Full knowledge of the manufacturing accounting system. This is a key responsibility to understand the performance in the floor and evaluate the monthly financial results expected
• Coordinate and prepare the annual budget and forecast process for the company
• Prepare monthly management reports for senior management including monthly BOR
• Upload monthly management report on timely basis to Hyperian and EDGE portal
• Create new asset in SAP and check the same from approved Capex budget
• During monthly closing process, ensure proper classification of expense with respect of proper cost center, transferred expenses which related to WIP specific to projects, transferred general expenses to WIP general, calculation of finished goods based on EAC and calculation of cost variance based on real WIP available on production floor compared with GL.
• Prepare cash flow forecasting to monitor inflows and outflows
• Prepare letter of credit / letter of guarantee and coordinate with banks and other department in company
• Variance analysis between budget vs actual cost.
• Provide assistance and co-ordination to auditor with respect to interim and full year audit.
• Provide assistance to other team members in achieving their day to day task (if require)
• To work and promote team work to ensure timely achievement of objectives and KPI not only finance department but only organization as whole
• Costing, budgeting and forecasting
• Help in monthly closing to ensure timely availability of monthly MIS
• Prepare monthly and ad hoc report for senior management.

Experience & Education Qualifications:

• Bachelor’s degree in finance or accounting
• Professional qualifications: CMA/CIMA or its equivalent qualifications
• Minimum 10 years of experience in costing and budgeting in manufacturing industry
• Experience in costing and budgeting in manufacturing industry

#ALTARIQ