Cost Accountant📣 Job Ad

About the Cost Accountant Role

Matar Al-Baqami Holding is seeking a detail-oriented Cost Accountant to join its team in Dammam, Eastern Province. This full-time role is crucial for supporting accurate product costing, inventory valuation, cost analysis, and financial reporting. The successful candidate will be responsible for maintaining cost data, analyzing production and purchase cost variances, monitoring bills of materials and standard costs, and providing timely cost and margin insights to support operational reporting and commercial decision-making.

Key Responsibilities

• Maintain and review product cost structures, including raw material, packaging, labor, manufacturing overhead, and other relevant production costs.
• Review Bills of Materials (BOMs), costing versions, and related master data to ensure accurate and approved costing information is maintained in the ERP system.
• Monitor raw material prices, landed costs, purchase price movements, and their impact on product costs and margins.
• Analyze material usage, purchase price, production, yield, and other manufacturing variances, identifying key drivers of cost movements.
• Support accurate inventory valuation and reconcile inventory quantities and values between operational records, costing reports, and the general ledger.
• Coordinate with the production team and other users responsible for recording inventory-related entries, ensuring completeness and accuracy in the recording cycle.
• Perform costing activities and reconciliations required for month-end closing, including review of production costs, inventory movements, and cost of goods sold.
• Conduct monthly stock counts at the locations of the Group companies, reconciling stock records, investigating, resolving, and reporting unreconciled variances.
• Work closely with Production, Procurement, Supply Chain, Sales, and R&D to evaluate the financial impact of recipe/BOM changes, purchase prices, production changes, and new products.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related discipline.
• CMA, ACCA, CA Intermediate, or an equivalent professional qualification is preferred.

Required Experience

• Minimum of 5-7 years of relevant experience in cost accounting, management accounting, manufacturing finance, or a similar role.

Work Type and Location

This is a full-time position based in Dammam, Eastern Province. The role involves working collaboratively with various departments, including Production, Procurement, Supply Chain, Sales, and R&D, within the Group companies.

Application Process

Candidates who meet the above requirements are encouraged to apply. We thank all applicants for their interest.