Cost Accountant Sales & Admin

Oman Investment Authority

Main Tasks & Accountabilities

• Prepare, maintain, and analyze cost allocations for sales, logistics, and marketing overheads.
• Develop and update standard rates for distribution activities (transport, warehousing, delivery, etc.).
• Maintain MIS reports on distribution costs, sales overheads, and marketing expenses.

Inventory & Distribution Control

• Oversee inventory processes related to finished goods, depot stocks, and sales materials.
• Reconcile distribution inventory with GL and sales reports.
• Analyze logistics and distribution cost per unit delivered.

Analysis & Variance Reporting

• Monitor monthly results against budgets and prior year performance.
• Identify cost-saving opportunities in distribution and marketing spend.
• Support management in pricing, discount, and promotional scheme analysis.

Scheduled activities

• Support monthly closing of accounts for sales and overheads.
• Assist with statutory, internal, and tax audits.
• Participate in capital expenditure analysis (new depots, fleet, marketing assets).

Projects

• Track projects related to distribution efficiency, marketing spend, and overhead cost reduction.
• Prepare sales and admin-focused financial analyses to support management decisions (e.g., pricing, promotions, logistics contracts).

Compliance

• Ensure that prescribed accounting standards and established rules and regulations are followed while estimating standard costs for products and inventory value
• Validate integrity of financial modeling utilized
• Comply with IFRS requirements
• Comply with local, state, and federal government reporting requirements and tax filings
• Coordinate for providing information to external auditors for the annual audit

Team Building Planning, acquisition and mentoring

• Forecast staff requirements for the department, plan budget and get requisite approval
• Define knowledge/skillsets required
• Effective communication within and outside the team
• Create a supportive environment for the team members
• Contribute to the team, letting others know information that may be useful or important
• Help to create a fun, supportive work environment

People management and reporting responsibilities

• Participate in management and supervisory meetings as and when required to provide financial overview
• Ensure accurate and up to date, daily, weekly, monthly records as required by the management.
• Ensure tasks are understood by the team members, and performed responsibly and diligently
• Help others in the team if needed; Support relief staff in their duties

Main Contacts and Working Relationships

• Internal All Department Heads and Line Managers.
• External Stakeholders, customers, agencies etc.