Job Opportunity: Sr. Costing Accountant at Arab Paper Manufacturing Co (WARAQ)The Senior Cost Accountant is responsible for managing, analyzing, and reporting on production costs, inventory valuation, and budgetary control, ultimately driving the company's profitability. This role is crucial in ensuring accurate financial reporting and cost management within the manufacturing environment.
Main Responsibilities:- Monitor and analyze production costs, including direct and indirect materials, labor, and overheads.
- Maintain and validate the Bill of Materials (BOM) and routing information in the ERP system.
- Perform periodic cost roll-ups and standard cost updates based on approved changes.
- Prepare detailed cost variance analysis reports, highlighting key fluctuations.
- Reconcile inventory valuation for raw materials, work-in-progress, and finished goods.
- Coordinate monthly and year-end closing activities related to the cost of goods sold (COGS).
- Analyze cost structures and recommend improvements to reduce production expenses.
- Track scrap, rework, and non-conformance costs with appropriate justifications.
- Support annual budgeting and forecasting of manufacturing cost centers.
- Perform profitability and margin analysis by product, customer, and region.
- Assist internal and external auditors with cost-related inquiries and documentation.
- Evaluate the impact of price changes, exchange rates, and utility consumption on product costing.
- Prepare reports to support pricing, quotations, and tenders for both local and export markets.
- Collaborate with warehouse, production, and maintenance teams for accurate cost inputs.
- Ensure compliance with internal controls, costing policies, and audit recommendations.
Candidate Requirements:- Bachelor’s degree in Accounting, Finance, or Industrial Management.
- Minimum of 5-8 years of experience in the same field.
- Advanced Microsoft Excel and costing tools proficiency.
- Strong knowledge of ERP systems (preferably Microsoft Dynamics AX).
- Analytical thinking with attention to detail and manufacturing cost control experience.
- Proficiency in English.
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