Senior Costing Accountant

About the Role

alfanar Group is seeking a Senior Costing Accountant to join their team in Riyadh. This full-time position involves performing product costing, manufacturing cost accounting, inventory valuation, and cost analysis. The role supports accurate financial reporting, cost control, and informed operational decision-making in accordance with company policies and accounting standards.

Key Responsibilities

• Manage product costing activities for assigned manufacturing operations, ensuring accuracy of standard costs, Bills of Materials (BOMs), routings, labor rates, and overhead allocations.
• Perform standard cost roll-ups and periodic cost reviews to ensure costing reflects current manufacturing conditions.
• Analyze actual manufacturing costs against standard costs and investigate cost variances.
• Review cost absorption, material usage, labor efficiency, scrap, rework, and production overheads to ensure accurate product costing.
• Support cost reduction initiatives by identifying opportunities to improve manufacturing efficiency and cost performance.

Inventory and Reporting

• Manage inventory valuation, work-in-progress (WIP), production order settlements, and manufacturing-related inventory accounting.
• Review material consumption, inventory movements, stock adjustments, and investigate abnormal inventory transactions.
• Support month-end and year-end closing activities related to manufacturing costs, inventory, cost centers, and production variances.
• Prepare manufacturing cost reports, inventory reconciliations, and financial analyses for management reporting.
• Ensure timely and accurate reporting of manufacturing financial results in accordance with company policies and accounting standards.

Required Experience

• Candidates should have 5-10 years of relevant experience.