Cost Accountant📣 Job Ad

• 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).