Titan Materials Group
Global cement producer and concrete supplier
Accounting Manager
About the job
- Bachelor's degree in Accounting, Finance, or a related field.
- At least 7 years of cost accounting experience, preferably in a manufacturing or industrial setting.
- Experience with public company reporting and compliance, including Securities and Exchange Commission regulations and Sarbanes-Oxley compliance.
- Proficiency in enterprise resource planning systems such as SAP, Oracle, or Microsoft Dynamics.
- Advanced Excel skills and familiarity with financial reporting tools such as Hyperion and OneStream.
- In-depth knowledge of Generally Accepted Accounting Principles, Securities and Exchange Commission regulations, and Sarbanes-Oxley compliance requirements.
- Strong analytical and problem-solving abilities.
- Excellent communication skills to present financial data to non-financial stakeholders.
- High attention to detail and ability to manage multiple priorities under tight deadlines.
- Manage and maintain accurate standard and activity-based costing systems.
- Conduct cost analysis to determine profitability by product line, customer, or division.
- Monitor and report on cost variances and their underlying drivers, including material, labor, and overhead.
- Ensure accurate valuation of inventory, including raw materials, work in process, and finished goods, following International Financial Reporting Standards and public company reporting requirements.
- Collaborate with operations to establish inventory levels, reduce waste, and streamline production processes.
- Oversee cycle counts and physical inventory processes to maintain accurate records.
- Prepare detailed cost analysis reports for management and external stakeholders.
- Support the preparation of quarterly and annual financial statements, ensuring compliance with Securities and Exchange Commission regulations.
- Collaborate with auditors during internal and external audits, including Sarbanes-Oxley compliance reviews.
- Assist in the development and monitoring of budgets and forecasts related to production costs and overhead.
- Provide actionable insights and recommendations to achieve financial objectives.
- Identify and implement improvements to cost accounting processes and reporting.
- Drive cost-saving initiatives across production, supply chain, and procurement teams.
- Leverage enterprise resource planning systems and automation tools to enhance data accuracy and efficiency.
- Lead and mentor a team of cost accounting professionals, providing guidance, training, and professional development.
- Foster a culture of collaboration and accountability within the finance and operations teams.
- Experience with integrated enterprise resource planning system implementations or upgrades.
- Knowledge of International Financial Reporting Standards in addition to Generally Accepted Accounting Principles.
- Experience working in a multinational company with cross-border operations.
- Certified Public Accountant, Certified Management Accountant, or Master of Business Administration qualification.
About the company
Titan Materials Group produces cement and ready-mix concrete, with an integrated supply chain from quarry to construction materials. Its operations include cement manufacturing, clinker grinding, and the production and distribution of ready-mix concrete through a global network of plants, terminals, and subsidiaries. Unlike some competitors, Titan grows by acquiring and integrating cement assets and expanding its geographic footprint, building a multinational production footprint that includes Greece, Europe, and the United States. Its strategic goal is to supply reliable construction materials at scale, grow its production capacity and reach through acquisitions and listings, and strengthen its position as a global cement and concrete provider.
Company Size
51-200
Company Stage
IPO
Headquarters
Athens, Greece
Founded
1902
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Simplify's Take
What believers are saying
- H1 2026 sales rose 6.9%; EBITDA rose 8.7% despite energy costs.
- Florida data centers and infrastructure offset weak housing, supporting U.S. volumes.
- Titan upgraded 2026 guidance to high-single-digit sales growth and margin expansion.
What critics are saying
- U.S. residential softness persisted through Q2 2026, delaying recovery until 2027.
- Keystone, Traçim, and Vracs integration raises execution risk after €700 million acquisitions.
- North Carolina cement litigation proved Titan America vulnerable to permit-driven project cancellations.
What makes Titan Materials Group unique
- Titan controls quarry-to-concrete integration across US, Greece, Balkans, and Eastern Mediterranean.
- Titan America IPO on NYSE in February 2025 funded accelerated expansion.
- 2026 acquisitions Traçim, Keystone, and Vracs de l’Estuaire deepen geographic and product reach.
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Benefits
Health Insurance
Flexible Work Hours
Professional Development Budget
Company News
Titan SA announced that its Annual General Meeting on 8 May 2026 approved all agenda items, including a gross dividend of €1.10 per share. The ex-dividend date is 1 July 2026, with payment on 7 July 2026. The meeting also approved the renewal and appointment of 12 board members for a one-year term, including Dimitri Papalexopoulos as non-executive director, Marcel Cobuz, Michael Colakides, Leonidas Kanellopoulos and Alexandra Papalexopoulou as executive directors, and seven independent directors. Titan Group is a Belgium-registered building materials company employing over 6,000 people across four continents, with operations in the United States, Europe and the Eastern Mediterranean. The company is listed on Euronext Brussels, Paris and Athens.
Titan SA reported record earnings for 2025, with EBITDA reaching €606 million and group sales of €2.67 billion, representing 6.4% like-for-like growth. The company's EBITDA margin expanded by 60 basis points to 22.7%, whilst return on capital employed hit a record 18.2%. Operating free cash flow increased to over €500 million from €414 million in 2024. The company proposed a dividend of €1.1 per share, up 10%, and reduced net debt to €214 million with a leverage ratio of 0.4x. US operations delivered record results across revenue, earnings and cash flow, whilst Greek sales grew 13%. Egyptian earnings quadrupled, driven by exports. The company achieved a 12% reduction in CO2 emissions versus 2020 levels. However, Southeast Europe faced pressure from Turkish imports and cost headwinds.
Suma Capital has invested €1 million in OPTIMITIVE to complete its €5 million Series A round, in which Cemex Ventures and TITAN Cement Group also participated as strategic co-investors.
Suma Capital has invested €1 million in Optimitive, a Vitoria-based technology company specialising in industrial process optimisation through artificial intelligence. The investment completes a €5 million Series A round, which also included participation from Cemex Ventures and Titan Cement Group. Optimitive's Optibat platform applies AI algorithms and machine learning to optimise manufacturing processes in energy-intensive sectors including cement, chemicals, paper and metallurgy, aiming to reduce energy consumption and improve operational performance. The Basque firm employs 40 staff and operates in plants across Europe, the United States, Mexico, India and Egypt. The funding will support workforce expansion, international growth, platform enhancement and client base consolidation.
Belgian Titan Group acquires Traçim cement for USD 190 million. Titan SA announces that it has entered into a share purchase agreement, subject to conditions precedent, to acquire 100% of Traçim Çimento Sanayi ve Ticaret Anonim Şirketi, a company located in the greater Istanbul market, one of the most attractive and dynamic cement and cementitious materials markets of Türkiye. The assets in the transaction include a modern integrated cement plant with an annual production capacity of approximately 2.5 million tons of cement. The plant serves the growing local market and has the capability to export to the neighbouring countries and to the US; there is also a plan for a prospective joint large solar power project with the sellers. This strategic investment enables TITAN to strengthen its existing core heavy materials business in Western Türkiye, where the Group already has an established presence through a cement grinding plant in the Marmara region and a pozzolana quarry, while complementing its export assets to the USA. The acquisition is consistent with the 2029 TITAN FORWARD Strategic Priorities, focusing on footprint optimization and accelerating inorganic growth. The purchase price for the acquisition of 100% of the company's shares corresponds to approximately $190 million and the transaction is expected to be completed in the first quarter of 2026, subject to customary legal procedures and regulatory approvals. The acquisition is anticipated to contribute to sales above $140 million, to EBITDA above $50 million, and to be EPS accretive in 2026, with further performance improvement from synergies in subsequent years. About Titan Group TITAN Group is a Belgium-registered company and a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs more than 6,000 people and serves customers in over 25 markets, on four continents. It holds prominent positions in the United States, Europe - including Greece, the Balkans, the United Kingdom, Italy, and France - and the Eastern Mediterranean. The Group also has joint ventures in Brazil and India. With more than 120 years of history, TITAN has always fostered a family and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO[2] reduction targets validated by the Science Based Targets initiative (SBTi). The Group is listed on Euronext Brussels and Paris, and the Athens Exchange, and its US business is listed on the NYSE.