Qatar Job Openings
That's Living Group - Qatar
Cost Accountant (Product Development Department)
Doha
FULL TIME
October 9, 2024
Summary: We are looking for an experienced Cost Accountant to join our Product Development Department (PDD) in a luxury furniture business. The ideal candidate will be highly observant, proactive, and detail-oriented when it comes to managing and analyzing costs. This role requires a strong ability to assess supplier pricing, identify discrepancies, and ensure fair and competitive pricing for materials and products.
Job Responsibilities:
Cost Management and Analysis:
Ability to commute/relocate:
Job Responsibilities:
Cost Management and Analysis:
- Monitor and evaluate all costs associated with product development, ensuring alignment with company budgets and financial goals.
- Analyze supplier quotes and compare them with historical data to ensure fairness and accuracy in pricing.
- Investigate and resolve discrepancies in cost variations between suppliers and internally.
- Ensure all cost data is accurate, up-to-date, and properly allocated to each product.
- Negotiate and challenge suppliers on pricing to ensure the company receives the best value without compromising on quality.
- Maintain strong communication with suppliers to understand their pricing structures and any changes that might impact cost.
- Review cost-related documents such as invoices and purchase orders to verify accuracy and reasonableness of pricing.
- Prepare detailed cost reports, including cost-benefit analyses, to support decision-making in the PDD department.
- Conduct regular audits of product costing to ensure financial accuracy and identify any potential areas for cost-saving.
- Collaborate with the finance team to ensure all costs are accounted for in the company’s financial statements.
- Actively review and investigate any price differences between suppliers, identifying the root cause and ensuring transparency.
- Recommend actions to rectify pricing anomalies, ensuring fair and consistent pricing across all products.
- Work closely with the product development team to ensure that cost considerations are taken into account during the design and production process.
- Provide cost insights during new product introductions, ensuring alignment with company profitability goals.
- Proven experience as a Cost Accountant, preferably in the luxury furniture or related industry.
- Strong knowledge of cost accounting principles and financial reporting.
- Excellent negotiation skills with the ability to challenge and question supplier pricing effectively.
- Proficiency in accounting software, ERP/SAP systems, and advanced spreadsheet management.
- Sharp analytical skills with the ability to identify cost-saving opportunities.
- Active, intelligent, and able to work independently with minimal supervision.
- Observant and detail-oriented with a proactive approach to cost management.
- Strong communication and interpersonal skills, able to engage in fair and constructive discussions with suppliers.
- Ability to work under pressure and meet strict deadlines in a fast-paced environment.
- Smart, intelligent decision-maker who can analyze complex cost scenarios and provide actionable insights.
- Strong Personality and Fast Learner.
Ability to commute/relocate:
- Doha: Reliably commute or planning to relocate before starting work (Required)
- Do you have experience in Luxury Furniture Industry?
- Do you have experience in ERP/ SAP?
- Cost Accountant: 5 years (Required)
- Doha (Required)
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