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 position involves supporting the management of product costing, inventory valuation, and production and maintenance order costing. The role also contributes to budgeting and month-end closing activities, ensuring the accuracy of standard and actual costs.

Role Purpose and Collaboration

The Assistant Manager Costing is responsible for investigating manufacturing and inventory variances, supporting effective cost control, and providing reliable financial information for operational and management decision-making. This position requires close collaboration with Production, Maintenance, Procurement, Supply Chain, Quality, Information Technology, and Finance teams to ensure manufacturing transactions are accurately recorded, allocated, analyzed, and reported.

Key Accountabilities

• 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; investigate significant pricing and quantity variances.
• Monitor production orders, material usage, labor, yield, waste, scrap, rework, and overhead costs; identify root causes and recommend 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; ensure data accuracy and support 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.

Work Environment

This role is based in Al Jumum, Makkah, and operates on a full-time schedule. The position involves working within a collaborative environment, engaging with various departments across the company to achieve financial accuracy and support strategic decision-making.

Application Process

Candidates interested in this Assistant Manager Costing position are encouraged to apply. The salary for this role will be disclosed during the interview process.