Assistant Manager Cost Accounting

About the Role

CEER is seeking an Assistant Manager, Cost Accounting to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for leading and supporting cost accounting, inventory valuation, and manufacturing finance activities. The position ensures accurate product costing, inventory accounting, and financial reporting, while providing financial insights to support operational and business performance.

Role Purpose and Contribution

The Assistant Manager, Cost Accounting will play a key role in maintaining financial integrity related to product costs and inventory. This involves supporting cost analysis, variance reporting, budgeting activities, and continuous improvement initiatives. The position is critical for providing data-driven insights that inform management decisions and enhance overall business performance.

Key Responsibilities

• Lead the maintenance of product cost structures, Bills of Materials (BOMs), routings, and standard costing data to ensure accurate product costing and financial reporting.
• Support product costing activities, cost estimates, and business case evaluations for new products and manufacturing changes.
• Execute and review standard costing, cost roll-ups, inventory valuation, and actual costing activities, ensuring accuracy and compliance with established procedures.
• Analyze material, labor, overhead, and manufacturing variances, identifying trends, risks, and opportunities for cost improvement.
• Coordinate inventory accounting activities, including inventory reconciliations, provision assessments, cycle count reviews, and inventory performance analysis.
• Support month-end and year-end closing activities, including journal entries, account reconciliations, variance analysis, and costing reports.
• Prepare and review cost, inventory, margin, and profitability analyses to support management decision-making and operational improvements.
• Ensure compliance with IFRS, accounting policies, internal controls, and company procedures related to costing and inventory accounting.
• Support ERP system enhancements, finance transformation initiatives, and continuous improvement activities related to costing and manufacturing finance processes.
• Collaborate with Manufacturing, Supply Chain, Procurement, Engineering, and Program Management teams to support operational and financial objectives.

Experience and Qualifications

Candidates for this position should possess 5-10 years of relevant experience in cost accounting or manufacturing finance. The role requires a strong understanding of financial reporting standards and internal controls.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, requiring collaboration with various internal departments to achieve financial and operational goals.

Application Process

Further details regarding the application process and salary will be disclosed to qualified candidates.