Junior Cost Accountant

Dubai, United Arab Emirates | Posted on 12/18/2025

Precision Group, comprising of two companies – Precision Dies &Tools Manufacturing Co. (L.L.C.) and Precision Plastic Products Co.(L.L.C.) – was established in Dubai, United Arab Emirates, in 1984, and is an ISO  certified pioneer and market leader in the manufacture of rigid plastic packaging products, moulds, and aluminium extrusion dies.

Precision is jointly owned by two of the most trusted corporations in UAE – Al Tayer and ARMS Group. Backed by over 750 employees working across three state‑of‑the‑art facilities, Precision caters to over two dozen of the region's leading brands, with innovative packaging and engineering solutions.

Employing state of the art technology in its production processes, and a highly skilled and committed workforce, Precision has built an enviable reputation as a reliable and high quality supplier to a diverse range of industry sectors.

Responsible for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities. Support Manager in preparing budgets and rolling forecasts, loading and unloading of costs and expenses to correct projects/jobs, participate in the audit program to facilitate the finalization of financial statements, inventory management, costing and finance projects reporting.

KEY RESPONSIBILITIES

Costing and pricing

• Develop and maintain standard costs of finished goods and production components
• Stay abreast of best cost matrices and trends in the packaging industry and advise management of same
• Pricing / costing of new and existing products and submit to GM and FM for review
• Managing price revision cycle, ensuring timely and accurate price update
• Close coordination with project manager and sales team
• Monitor key customer / product profitability, perform analysis to identify profit improvement opportunities and work cross functionally to monetize the ideas and define corrective actions to drive profit
• Responsible for tracking value generated by Cost Improvement & Value Generation activities. Identify value opportunities and cost leakages
• Develop and implement tools and processes to guarantee the maintenance of the account profitability as per contractual agreement. Including the reflection of cost variations in material and conversion, in the regularly updated price lists
• Overall responsibility of product and customer portfolio analysis. Proactively foster initiatives for portfolio optimization and support key account financial reviews
• Capex investment preparation and initial assessment against Company's KPI's

Process continuous improvement

• Support in business process improvements, implementing best practices and fully utilizing ERP system capabilities
• In close collaboration with Finance team, present tool and process improvement ideas for a faster and more accurate response to customer enquiries. Identify issues with existing procedures and use these findings to improve them or remove processes that aren’t generating value
• Oversee the planning, development, and implementation of project efforts that utilize information technology solutions, principles, standards, and best practices
• Critical assessment of processes and formats with a continuous improvement eye to enhance current practices, improve efficiency and fully embed way of working
• Develop and implement best practices, processes, and toolsets for effective portfolio/project management, and take initiatives to educate staff on best practices and effective project execution
• Ensure all documents and records are up to date and that record traceability and retrieval is upheld at all times. Ensure all processes, procedures & activities comply with ISO and management procedures
• Lead from commercial perspective the Budgeting / Forecasting processes

Management reports

• Prepare various financial analysis related to manufacturing costs, inventory, and expense information for various customers as needed for decision making support. Provide critical assessment of all cost projections
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to…