Costing Accountant📣 Job Ad

About the Role

Alfanar is seeking a dedicated Costing Accountant to join our team in Riyadh, Saudi Arabia. This full-time position is crucial for performing manufacturing cost accounting, inventory accounting, and comprehensive cost analysis. The role ensures accurate financial reporting and supports effective manufacturing cost control across our operations. Candidates should possess 5-10 years of relevant experience in a similar capacity.

Core Responsibilities: Cost Accounting and Inventory

• Record, review, and validate manufacturing cost transactions related to materials, labor, overheads, scrap, rework, and production orders.
• Support product costing activities, including standard cost maintenance, Bill of Material (BOM) costing, routing cost validation, and cost roll-up.
• Monitor cost allocation to production orders, cost centers, and manufacturing activities.
• Support inventory valuation, material consumption analysis, and stock movement validation.
• Review material usage against BOM and highlight abnormal consumption, wastage, or variances.
• Support inventory reconciliations between system records, production reports, and physical stock.
• Assist in cycle counts, stock takes, inventory adjustments, and related variance investigations.

Analysis, Reporting, and Closing Support

• Analyze material, labor, overhead, scrap, rework, and underutilization variances.
• Prepare variance reports by product, production line, cost center, and manufacturing area.
• Coordinate with production, planning, warehouse, and engineering teams to understand variance drivers.
• Highlight unusual cost movements and escalate risks to finance and factory management.
• Prepare regular reports on production cost, conversion cost, material cost, labor efficiency, overhead absorption, scrap, rework, and factory utilization.
• Support preparation of cost bridges, cost trend analysis, and manufacturing KPI dashboards.
• Provide accurate financial inputs for factory performance reviews and management reporting.
• Track actual manufacturing cost against budget, standard cost, and forecast.
• Support month-end and year-end closing activities related to manufacturing cost accounting.
• Validate production order settlement, cost center postings, inventory movements, and accruals.
• Prepare supporting schedules for manufacturing cost, inventory, and variance accounts, ensuring timely completion within reporting timelines.

Controls, Compliance, and Process Improvement

• Follow approved costing policies, internal controls, Standard Operating Procedures (SOPs), and approval workflows.
• Support internal and external audit requirements related to inventory, costing, and manufacturing expenses.
• Maintain proper documentation for cost calculations, reconciliations, and variance explanations.
• Identify control gaps in manufacturing cost recording and escalate for corrective action.
• Coordinate well-defined written systems, policies, procedures, and seek automation opportunities.
• Ensure compliance with relevant safety, quality, and environmental management procedures and controls.

Candidate Profile and Experience

• A minimum of 5-10 years of experience in a costing accountant role, preferably within a manufacturing environment.
• Demonstrated ability to acquire and apply updated soft and technical skills relevant to the job.
• Proven capability to perform planned activities to meet operational and development targets as per delivery schedules.
• Strong problem-solving skills, with the ability to address issues and escalate complex operational concerns effectively.
• Commitment to quality, ensuring the development of effective quality control and processes.
• Adherence to company policies, procedures, and work instructions.

Application Process

Interested candidates are encouraged to apply, providing a detailed overview of their qualifications and experience relevant to this role.