Summary: We are seeking a detail-oriented Cost Accountant to oversee cost control and inventory management in our luxury furniture business. The ideal candidate will specialize in cost accounting, focusing on evaluating and analyzing costs related to customized furniture production, and ensuring that all inventory records are accurate and up-to-date based on sales. This person will also review supplier cost prices, identify any inconsistencies, and provide insights on price differences for similar products.
Job Responsibilities:
Cost Accounting for Customized Products:

• Analyze and calculate the costs of producing customized furniture, ensuring accurate cost estimation for each item.
• Assess material, labor, and overhead costs for different products, such as beds, sofas, and other custom furniture items.
• Review production cost data regularly to ensure that the calculated costs reflect actual expenses.

Inventory Control and Cost Management:

• Maintain and update the inventory system based on sales data, ensuring that stock levels are accurate and reflect current usage.
• Track and control the cost of inventory, ensuring that any changes due to sales, stock adjustments, or production are reflected in the financial records.
• Monitor and report on inventory valuation, ensuring that cost variations are analyzed and accounted for.

Supplier Cost Comparison:

• Review and compare supplier cost prices to ensure fair and logical pricing.
• Investigate and identify reasons for cost discrepancies, particularly in cases where similar items have inconsistent pricing (e.g., a smaller item costing more than a larger one).
• Collaborate with suppliers to clarify price differences and recommend appropriate actions to resolve discrepancies.

Cost Auditing and Reporting:

• Prepare detailed cost reports for management, providing insights on product costs, inventory values, and any cost anomalies.
• Conduct regular audits of cost data and inventory records to ensure accuracy and integrity of financial information.
• Identify and report on opportunities for cost savings and improved efficiency in production and procurement.

Qualifications:

• Proven experience as a Cost Accountant, preferably within the furniture or luxury goods industry.
• Strong knowledge of cost accounting principles and inventory management practices.
• Proficiency in ERP/SAP systems and advanced Excel skills for managing and analyzing data.
• Excellent attention to detail, with strong analytical and problem-solving abilities.
• Ability to communicate effectively with suppliers and internal teams to resolve cost-related issues.
• Experience in customizing product cost calculations is highly desirable.

Skills and Competencies:

• Strong organizational skills with the ability to manage multiple tasks and deadlines.
• Keen observation skills to detect inconsistencies in cost data.
• Proactive and resourceful in identifying and addressing cost-related issues.
• Ability to work independently and collaborate with cross-functional teams, including procurement, production, and finance.

Job Type: Full-time
Ability to commute/relocate:

• Doha: Reliably commute or planning to relocate before starting work (Preferred)

Application Question(s):

• Do you have experience in Furniture Retail Industry?
• Do you have experience in Luxury Goods Industry?
• Do you have experience in ERP/ SAP?

Experience:

• Cost Accountant: 5 years (Required)

License/Certification:

• Qatar Driving License (Required)

Location:

• Doha (Required)