Cost Accountant📣 Job Ad

• Develop and maintain standard costs for products, including raw materials, labor, and overhead.
• Conduct variance analysis to identify cost deviations and propose corrective actions.
• Analyze cost trends and recommend opportunities for cost reduction.
• Prepare and analyze cost reports, focusing on product profitability and inventory valuation.
• Assist in the development and implementation of effective cost accounting systems and procedures.
• Support the budgeting and forecasting process with accurate cost data.
• Collaborate with production and operations teams to optimize cost efficiency.

• Bachelor's degree in Accounting or Finance.
• A minimum of 3 years of experience in cost accounting.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Ability to work independently as well as collaboratively within a team.

• Experience in the manufacturing industry.
• Knowledge of inventory management principles.
• Certification in Cost Management.

• Posting purchasing documents and related accounting entries including local and foreign material invoices.
• Supporting inventory accounting activities and contributing to reconciliations.
• Calculating the Cost of Production accurately and timely.
• Assisting in both system‑based and manual costing processes.
• Conducting cost variance analysis across materials, labor, overhead, and production.
• Preparing basic cost reports and summarizing them for management, identifying potential cost‑saving opportunities.
• Communicating efficiently with finance, procurement, supply chain, and production teams to ensure smooth processes.

• Experience with Foodex and familiarity with local ERPs (*, Rahkaran).
• Knowledge of production workflows including Bill of Materials (BOM) and cost allocation methods.
• Understanding of fixed vs. variable costs and their impact on operational reporting.

Job Objective: Analyze and determine the costs of production or services, and monitor financial deviations to assist in making accurate pricing decisions and enhancing profitability efficiency.

Tasks and Responsibilities:

• Collect and analyze data to determine the costs of business activities (raw materials, labor, indirect expenses).

• Prepare Variance Analysis reports comparing actual and standard costs.

• Monitor inventory movements and conduct periodic inventory assessments.

• Provide recommendations to reduce waste and improve cost efficiency in operational processes.

• Contribute to the preparation of budget estimates for projects or production lines.

Requirements and Qualifications:

• Nationality: Saudi (preferred).

• Qualification: Bachelor’s degree in Accounting.

• Experience: At least five years of experience.

• Skills: High analytical ability, extreme accuracy in dealing with numbers, and a deep understanding of the manufacturing/operating cycle.

• Additional Features: CMA certification (Certified Management Accountant).