Sr. Costing Accountant📣 Job Ad

Role Overview

Arab Paper Manufacturing (WARAQ), located in Dammam, Eastern Region, is seeking a Sr. Costing Accountant for a full-time position. This role is central to managing, analyzing, and reporting on production costs, inventory valuation, and budgetary control to enhance company profitability.

Core Responsibilities

• Monitor and analyze production costs, including direct and indirect materials, labor, and overheads.
• Maintain and validate Bill of Materials (BOM) and routing information within the ERP system.
• Perform periodic cost roll-ups and standard cost updates based on approved changes.
• Reconcile inventory valuation for raw materials, work-in-progress, and finished goods.
• Coordinate monthly and year-end closing activities related to cost of goods sold (COGS).

Financial Analysis and Reporting

• Prepare detailed cost variance analysis reports, highlighting key fluctuations.
• Analyze cost structures and recommend improvements to reduce production expenses.
• Track scrap, rework, and non-conformance costs with appropriate justifications.
• Perform profitability and margin analysis by product, customer, and region.
• 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.

Budgeting, Compliance, and Collaboration

• Support annual budgeting and forecasting of manufacturing cost centers.
• Assist internal and external auditors with cost-related inquiries and documentation.
• Collaborate with warehouse, production, and maintenance teams for accurate cost inputs.
• Ensure compliance with internal controls, costing policies, and audit recommendations.

Experience Requirements

Candidates for the Sr. Costing Accountant position should possess 5-8 years of relevant experience in cost accounting or a similar financial role, preferably within a manufacturing environment.

Work Environment and Location

This full-time role is based at Arab Paper Manufacturing (WARAQ)'s facilities in Dammam, Eastern Region. The successful candidate will work within a dynamic team focused on optimizing financial performance and operational efficiency.