Cost accountant Jobs in Dammam

Join SDEC as a Cost Accountant!
Are you ready to contribute to a leading equipment distributor and custom industrial equipment solution provider? At SDEC, our culture is characterized by high customer orientation and a long-term view of relationships. We invite applications from candidates with a robust background in cost accounting, particularly in the heavy engineering sector, to support our genset manufacturing division.

Job Purpose:
The Cost Accountant will manage and analyze all aspects of costing within our manufacturing and sales operations in the power industrial sector. This role is vital for ensuring accurate product costing, profitability analysis, and cost control, supporting strategic decision-making, pricing, and enhancing operational efficiency.

Main Responsibilities:

• Product & Manufacturing Costing: Review standard costing models, monitor Bills of Materials (BOMs), and conduct cost variance analysis.
• Inventory & Procurement Cost Control: Monitor valuations of raw materials, work-in-progress, and finished goods, aiding procurement with cost-saving initiatives.
• Sales & Margin Analysis: Prepare profitability analyses and assess margins impacted by dealer discounts and freight costs.
• Budgeting & Forecasting: Assist in annual budgeting, perform scenario analyses, and conduct break-even analyses.
• Compliance & Reporting: Ensure compliance with cost accounting policies, support internal audits, and prepare management reports on cost performance.

Qualifications & Relevant Certifications:

• Bachelor’s degree in Accounting, Finance, or related discipline.
• Preferred professional qualification (CIMA, CMA, ACCA, or equivalent).
• 3–5 years’ relevant experience ideally within manufacturing or heavy engineering environments.
• Familiarity with ERP systems (SAP, Oracle, Microsoft Dynamics).
• Strong MS Excel and financial modeling skills.

Knowledge, Skills & Experience:

• Solid understanding of costing methodologies and analytical skills with high attention to detail.
• Strong communication skills to present insights effectively.
• Ability to work under pressure and meet deadlines.

Success in this role will be assessed based on accuracy of product costing, quality of cost reports, and contributions to gross margin improvements. We look forward to your application!

Position Overview
The Senior Cost Accountant is vital for managing, analyzing, and controlling cost-related activities within Alfanar. This role demands expertise in SAP, cost allocation, variance analysis, and financial reporting to ensure precise cost data that bolsters management decisions.

Key Responsibilities

• Cost Accounting & Analysis: Execute detailed cost analysis for products and services, maintain and monitor standard costs in SAP, conduct monthly cost variance analysis, and validate inventory costing.
• SAP Financial Operations: Manage costing activities using SAP FI/CO, MM, and PP modules; perform month-end closing and generate relevant reports.
• Budgeting & Forecasting: Participate in annual budgets and monitor actual costs versus budget, presenting variance reports.
• Internal Controls & Compliance: Ensure compliance with IFRS and coordinate with auditors on cost-related matters.
• Cross-Functional Collaboration: Work with production, procurement, and finance teams to ensure accuracy in cost data.

Qualifications & Requirements

• Bachelor’s degree in Accounting or Finance (CMA/CPA preferred).
• 5–7 years of cost accounting experience, preferably in manufacturing.
• Strong SAP experience is mandatory.
• Proficient in Excel and analytical skills.

Why Join Alfanar Projects
Alfanar Projects has been a leader since 1976, dedicated to offering innovative solutions that support sustainable development and infrastructure modernization globally. Join a team of over 10,000 professionals and contribute towards impactful projects that shape a sustainable future.