COST ACCOUNTANT📣 Job Ad

About Napco National and the Role

Napco National is seeking a Cost Accountant to join its team in Dammam, Eastern, Saudi Arabia. This full-time position is designed for an individual with 0-1 years of experience who is eager to contribute to the company's financial operations through detailed cost analysis and reporting. The role plays a crucial part in monitoring expenditures, optimizing costs, and supporting strategic financial decisions.

Core Cost Accounting Responsibilities

• Report and analyze operational metrics and Key Performance Indicators (KPIs).
• Analyze changes in product design, raw materials, manufacturing methods, or services to determine cost effects.
• Analyze actual production costs and prepare periodic reports comparing standard costs to actual costs.
• Record cost information for use in controlling expenditures.
• Prepare estimates of new and proposed product or service costs.
• Recommend cost efficiencies in new product layouts.
• Apportion costs between units of production and management.
• Consolidate manufacturing costs for payroll and distribution of inventory accounts.
• Determine per-unit cost using established cost accounting methods.
• Prepare costing sheets (landed cost) for Foreign Purchase Orders.
• Perform monthly closing activities related to cost accounting, including cost statements and analysis.
• Prepare monthly journal entries as required.

Financial Analysis and Strategic Support

• Review costs and take corrective actions to ensure profitability.
• Analyze overall plant efficiency, effectiveness, and utilization.
• Develop monthly financial and operational reports for executive leadership.
• Provide management with insights on pricing and profitability factors.
• Analyze financial results to support strategic decision-making.
• Perform provision and analysis for quarantine items (inventory and capex).

Inventory and Project Management

• Manage insurance files (PAR) and related monthly declarations.
• Monitor inventory transactions and reconcile accounts with the general ledger.
• Lead and manage inventory review processes.
• Initiate, plan, execute, monitor, and close projects effectively.
• Develop and implement project metrics and measurement systems.

Required Experience

Candidates for the Cost Accountant position should possess 0-1 years of relevant professional experience. This role is suitable for individuals at the entry to early career stage who are keen to develop their expertise in cost accounting within a manufacturing or industrial setting.

Location and Employment Type

This is a full-time position based in Dammam, Eastern, Saudi Arabia. The successful candidate will work as part of the Napco National finance team, contributing to the company's operational efficiency and financial health.