Be Part of a Leading Maritime Group – Apply Now for Cost & Asset Accountant Role
 

Responsibilities:

• Develop, implement, and maintain robust cost accounting systems tailored for depot operations, including direct and indirect cost allocation for handling, storage, and particularly Maintenance & Repair (M&R) activities.
• Conduct in-depth variance analysis comparing actual operational costs against standard costs, budgets, and historical data for services, labor, and materials (especially M&R parts). Investigate significant variances and report findings.
• Provide detailed cost-of-service analysis to support pricing strategies for various depot services and to identify profitable and unprofitable areas.
• Analyze M&R job costs, comparing repair estimates against actual expenditures for labor, spare parts, and third-party services, identifying areas for efficiency improvements.
• Support the development of operational budgets and forecasts by providing accurate cost data and projections.
• Manage the perpetual inventory system for all spare parts, tools, and materials used in depot operations, ensuring accurate and up-to-date records of quantities, values, and movements.
• Implement and oversee inventory valuation methods (e.g., FIFO, weighted average) in compliance with accounting standards.
• Coordinate and participate in periodic physical inventory counts (e.g., cycle counting, annual inventory), reconciling physical counts with system records and investigating any discrepancies.
• Monitor inventory levels to prevent obsolescence, overstocking, or shortages, collaborating with procurement and operations teams.
• Manage the full life cycle of fixed assets (e.g., reach stackers, forklifts, office equipment, land improvements), from acquisition and capitalization to depreciation, impairment, and disposal.
• Ensure accurate recording of fixed asset details, including cost, useful life, depreciation method, and location.
• Perform timely and accurate depreciation calculations and record related journal entries.
• Conduct periodic physical verification of fixed assets to confirm existence, condition, and location, reconciling with asset registers.
• Provide analysis on capital expenditure proposals and asset utilization.
• Prepare various detailed cost-related reports for management, highlighting key cost drivers, trends, and areas for improvement.
• Generate regular inventory valuation reports, aging reports, and fixed asset schedules.
• Ensure strict compliance with internal controls related to inventory and fixed assets, safeguarding company assets.
• Support internal and external audit activities related to cost, inventory, and fixed assets.

Qualifications:

• Education: Bachelor’s degree in accounting, or Finance. Professional certification (CMA) is a plus.
• Experience: 3-5 years of progressive experience in cost accounting, inventory management, or fixed asset accounting, with a strong preference for experience in                       manufacturing, logistics, heavy equipment, or a similar industrial/depot environment.
• Exceptional analytical and quantitative skills with the ability to interpret complex financial data and operational metrics.
• In-depth knowledge of cost accounting principles, inventory valuation methods, and fixed asset accounting rules (IFRS/GAAP).
• Advanced proficiency in ERP systems (specifically modules for Costing, Inventory Management, and Fixed Assets) and expert-level Microsoft Excel skills (including advanced formulas, pivot tables, and data modeling).
• Strong attention to detail and a high degree of accuracy.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with operations, procurement, and other non-finance departments.
• Proactive problem-solver with an ability to identify and implement efficiency improvements.

Job Details:

• Employment: full-time
• Location: Alexandria’ Depot