Cost Analyst Manager Required in Dubai

The Cost Analyst Manager is responsible for overseeing the analysis of costs within an organization to ensure profitability and cost-efficiency in operations. This role involves managing cost control initiatives, budgeting, forecasting, and providing in-depth financial analysis to support decision-making. The Cost Analyst Manager will work closely with various departments to monitor spending, optimize resource allocation, and develop strategies to reduce costs without compromising quality. Strong financial acumen, leadership abilities, and analytical skills are essential for success in this role.

Key Responsibilities

1. Leading Cost Analysis and Financial Planning
   The Cost Analyst Manager will lead efforts to analyze the costs associated with the company’s operations, projects, and products. This includes reviewing financial data, identifying cost drivers, and preparing detailed reports that highlight cost variances and areas for improvement. The manager will also participate in long-term financial planning and help develop cost forecasts to guide budgeting decisions and support the company’s financial strategy.
2. Budgeting and Cost Control
   A major responsibility of the Cost Analyst Manager is to collaborate with department heads to establish and manage budgets, ensuring that all departments adhere to their allocated resources. The manager will implement cost-control measures, monitor actual expenditures against budgeted amounts, and provide recommendations for cost-saving initiatives. This role requires maintaining accurate financial records and ensuring accountability across all levels of the organization.
3. Developing and Monitoring Key Performance Indicators (KPIs)
   The Cost Analyst Manager will be responsible for defining and tracking KPIs related to costs and financial performance. This includes monitoring metrics such as cost per unit, overhead expenses, and gross margin, and analyzing their impact on profitability. The manager will regularly report these insights to senior management and suggest strategic adjustments to optimize business operations.
4. Conducting Cost Variance Analysis
   The manager will lead detailed cost variance analyses, investigating discrepancies between estimated and actual costs. This involves determining the reasons for variances, such as inefficiencies in production or unexpected price fluctuations, and identifying ways to mitigate them. The Cost Analyst Manager will also implement corrective actions to ensure cost targets are met in future projects or production cycles.
5. Supporting Pricing Strategies
   In collaboration with the sales and product development teams, the Cost Analyst Manager will contribute to pricing strategies by analyzing the costs of goods or services and ensuring that pricing models are aligned with profitability goals. This includes assessing the impact of cost changes on pricing, as well as evaluating the financial feasibility of product discounts, promotions, or new product lines.
6. Implementing Cost-Reduction Initiatives
   The Cost Analyst Manager will identify opportunities for cost reduction and efficiency improvements throughout the organization. This includes evaluating supplier contracts, negotiating better terms, streamlining production processes, and eliminating unnecessary expenditures. The manager will lead cross-functional teams in implementing cost-reduction initiatives while maintaining quality and operational effectiveness.
7. Collaborating with Cross-Functional Teams
   The Cost Analyst Manager will work closely with other departments, such as production, procurement, and operations, to ensure alignment on financial goals and cost-related matters. This includes attending regular meetings with department heads, providing financial insights, and offering support in resource allocation decisions. Effective collaboration is essential to ensure that cost management strategies are integrated across the organization.
8. Reporting to Senior Management
   The Cost Analyst Manager will prepare and present financial reports to senior management, summarizing key findings from cost analyses and recommending actions to improve financial performance. These reports will include insights on cost trends, budget adherence, profitability, and forecasts, providing management with the information necessary to make strategic decisions.

Qualifications and Skills

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (Master’s preferred)
• Proven experience in cost analysis, budgeting, and financial management
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data
• Experience with financial forecasting, variance analysis, and cost control
• Proficiency in financial software and enterprise resource planning (ERP) systems
• Strong leadership and team management abilities
• Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders
• CPA or CMA certification (preferred)

This role is suited for experienced financial professionals with a keen eye for detail and a passion for driving cost-efficiency within organizations. The Cost Analyst Manager plays a key role in ensuring that the company remains profitable and competitive by managing costs and contributing to strategic financial planning.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:   info.bayara@savola.com,  careers@bayara.com

Phone:  +971 4 8857478