About the Role
Napco National is seeking a Cost Accountant to join their team in Dammam, Eastern Province, Saudi Arabia. This full-time position is an opportunity for an individual with 0-1 years of experience to develop their career in cost accounting within a dynamic business environment. The successful candidate will be responsible for analyzing costs, supporting decision-making, and ensuring financial accuracy.
Role Context and Responsibilities
The Cost Accountant will be expected to understand Napco National's business environment and objectives, and to effectively apply internal policies and procedures. This role requires strong analytical skills to monitor, collect, and analyze data from multiple sources, preparing accurate reports to support strategic decision-making across the organization. Key responsibilities include:
- Analyzing changes in product design, raw materials, manufacturing methods, or services to determine their effects on costs.
- Analyzing actual production costs and preparing periodic reports comparing standard costs to actual costs.
- Recording cost information for expenditure control.
- Preparing estimates of new and proposed product or service costs.
- Recommending cost efficiencies in new product layouts.
- Apportioning costs between units of production and management.
- Consolidating the cost of manufacturing for payroll and distribution of inventory accounts.
- Determining per-unit costs through established cost accounting methods.
- Preparing costing sheets (landed cost) for Foreign Purchase Orders.
- Managing insurance files (PAR) and related monthly declarations.
- Reviewing costs and taking corrective actions to ensure profitability.
- Analyzing overall plant efficiency, effectiveness, and utilization.
- Performing monthly closing activities related to cost accounting, including cost statements and analysis.
- Monitoring inventory transactions and reconciling accounts with the general ledger.
- Preparing monthly journal entries as required.
- Leading and managing inventory review processes.
- Developing monthly financial and operational reports for executive leadership.
- Providing management with insights on pricing and profitability factors.
- Analyzing financial results to support strategic decision-making.
- Performing provision and analysis for quarantine items (inventory and capex).
- Initiating, planning, executing, monitoring, and closing projects effectively.
- Developing and implementing project metrics and measurement systems.
Qualifications and Experience
The ideal candidate will possess the ability to understand the NFP business environment and objectives, and to effectively apply internal policies and procedures. Proficiency in both national and foreign languages, spoken and written, is required. The role demands strong skills in gathering and analyzing data, responding to complex situations, and developing innovative solutions that add value.
Required Skills
- Strong communication skills, with the ability to deliver information clearly, concisely, and effectively both verbally and in writing.
- Strong organizational and planning skills to manage work and project activities efficiently and achieve short- and long-term objectives.
- Ability to effectively use standard equipment, office automation systems, software, and related accounting systems and ERP.
- Data analysis and reporting capabilities.
- Proficiency in cost accounting principles and practices.
- Experience with inventory management.
- Skills in financial reporting.
- Project management abilities.
Work Environment and Details
This is a full-time position located in Dammam, Eastern Province, Saudi Arabia. The role requires 0-1 years of experience.
