Cost Accountant – Manufacturing & Industrial Sectors

NAFFCO

Job Overview

Location

Dubai, United Arab Emirates

Employment Type

Full-time

Work Arrangement

On-site

Sector

Engineering & Manufacturing

Experience Level

Mid-level (3-5 years)

Application Deadline

June 25, 2026

About the Company

NAFFCO is a leading manufacturer and supplier of firefighting equipment and solutions, renowned for its commitment to quality and innovation. Operating from Dubai, UAE, the company serves a global market, providing essential safety products and services across various industries. NAFFCO prides itself on its state-of-the-art manufacturing facilities and a dedicated team of professionals who are passionate about safety and excellence. The company fosters a culture of continuous improvement and professional development, encouraging its employees to grow and excel in their careers. With a strong emphasis on research and development, NAFFCO remains at the forefront of technological advancements in the firefighting sector, ensuring that its products meet the highest international standards.

Job Description

NAFFCO is seeking a highly analytical and detail-oriented Cost Accountant to join our dynamic finance team in Dubai. This role is crucial for driving accurate product costing, conducting thorough variance analysis, and optimizing profitability within our manufacturing and industrial sectors.

You will be responsible for monitoring production costs, analyzing cost structures, and supporting strategic financial decision-making. The ideal candidate will possess expertise in standard costing, inventory valuation, and cost optimization initiatives, leveraging ERP-backed insights to enhance operational efficiency.

To apply for this role, click the Apply button on this page and follow the instructions.

Required Skills

Product CostingVariance AnalysisProfitability OptimizationStandard CostingInventory ValuationERP SystemsManufacturing FinanceBOM ValidationCost ReductionBudgetingForecastingFinancial ReportingOracleMicrosoft Dynamics

Key Responsibilities

Prepare and maintain accurate product costing models for manufactured products.
Analyze raw material, labor, overhead, and operational costs to determine product profitability.
Develop and review standard costing systems and ensure regular updates.
Conduct BOM (Bill of Materials) and routing validations for accurate costing.
Monitor cost trends and identify opportunities for cost reduction and process improvement.
Perform detailed profitability analysis by product, customer, project, and business unit.
Support management with recommendations to improve margins and operational efficiency.
Analyze production variances including material usage, labor efficiency, and overhead absorption.
Identify cost-saving initiatives and participate in continuous improvement programs.
Work closely with production, procurement, supply chain, and operations teams.
Support inventory management, stock valuation, and cycle count reconciliation.
Monitor WIP (Work-in-Progress) and finished goods costing accuracy.
Ensure compliance with accounting standards and internal financial controls.
Prepare monthly cost reports, margin analysis, and MIS reports for management.
Assist in budgeting, forecasting, and annual operating plan preparation.
Support month-end and year-end closing activities related to manufacturing accounting.
Provide financial insights for pricing strategies and investment decisions.
Maintain costing data within ERP systems such as Oracle, Microsoft Dynamics, or similar.
Improve financial reporting automation and costing methodologies.
Ensure data accuracy and integrity across costing and inventory systems.

Qualifications

Bachelor’s Degree in Accounting, Finance, Commerce, or related field.
Professional qualifications such as CMA, ACCA, CIMA, CPA, or CA preferred.
Minimum 4–8 years of experience in cost accounting within manufacturing or industrial sectors.

How to Apply

To apply for this role, click the Apply button on this page and follow the instructions.

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The manufacturing and industrial sectors in Dubai are experiencing robust growth, driven by diversification efforts and strategic investments. This role is pivotal in navigating this landscape by ensuring precise product costing, rigorous variance analysis, and strategic profitability optimization, leveraging advanced ERP insights. You will be instrumental in enhancing operational efficiency and contributing directly to the company's financial performance. Key technical areas include standard costing, inventory valuation, Bill of Materials (BOM) validation, and cost reduction initiatives. Your impact will be measured by your ability to drive profitability and support informed financial decision-making at a strategic level.