Assistant Manager Costing

About the Role

Modern Mills Company is seeking an Assistant Manager Costing to join their team in Makkah, specifically in Al Jumum. This full-time role supports the management of product costing, inventory valuation, production and maintenance order costing, budgeting, and month-end closing activities. The position ensures the accuracy of standard and actual costs, investigates manufacturing and inventory variances, and provides reliable financial information for operational and management decision-making.

Role Context and Collaboration

The Assistant Manager Costing works closely with various departments including Production, Maintenance, Procurement, Supply Chain, Quality, Information Technology, and Finance teams. This collaboration is essential to ensure that all manufacturing transactions are accurately recorded, allocated, analyzed, and reported, contributing to effective cost control across the company's operations.

Key Responsibilities

• Manage product, production, process, maintenance, subcontracting, and inventory costing activities to ensure accurate cost allocation and reporting.
• Review purchase orders, material costs, landed costs, inventory movements, and budget consumption, investigating significant pricing and quantity variances.
• Monitor production orders, material usage, labor, yield, waste, scrap, rework, and overhead costs, identifying root causes and recommending corrective actions.
• Review maintenance and subcontracting costs, material consumption, stock balances, and order settlements to ensure accurate accounting and timely closure.
• Oversee inventory valuation, provisions, physical counts, stock transfers, slow-moving/obsolete inventory, and inventory reconciliations.
• Coordinate standard costing cycles, including BOMs, routings, production versions, costing runs, cost roll-ups, and standard cost updates in SAP.
• Lead costing activities during month-end close, including cost allocations, activity rates, order settlement, variance analysis, journal entries, and reconciliation of costing, inventory, and GL balances.
• Support annual budgeting, forecasting, cost baselines, expenditure monitoring, and analysis of budget-to-actual variances.
• Prepare new product cost estimates and provide cost analysis to support pricing, profitability, make-or-buy, and investment decisions.
• Develop costing reports, dashboards, and management analyses, ensuring data accuracy and supporting SAP and finance-system improvements.
• Support internal and external audits and ensure compliance with accounting policies, internal controls, procedures, and approval requirements.
• Identify cost-reduction and process-improvement opportunities and provide financial insights to Production, Procurement, Supply Chain, Maintenance, and other business functions.
• Provide technical guidance, coaching, and work review for Costing team members and ensure timely completion of assigned activities.

Company Culture and Environment

Modern Mills Company offers a work environment focused on career growth and learning through structured training, mentorship, and cross-functional development. Employees contribute to initiatives supporting food security, sustainability, and digital transformation within an inclusive culture that values teamwork and collaboration. The company provides a competitive salary, comprehensive medical and life insurance, health benefits, and programs designed to support work-life balance. There is also access to advanced technology, process automation, and modern operations that drive operational excellence.

Application Process

Candidates interested in this full-time Assistant Manager Costing position are encouraged to apply. Further details regarding the application process will be provided upon inquiry.