Senior Specialist Cost Accounting

About the Role

CEER is seeking a Senior Specialist Cost Accounting to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for supporting product costing, inventory valuation, and manufacturing finance activities. The position involves cost analysis, inventory accounting, variance reporting, and financial reporting processes to ensure accurate cost information and compliance with accounting standards.

Role Purpose and Contribution

The Senior Specialist Cost Accounting contributes to accurate cost information, inventory valuation, and operational decision-making. This role ensures adherence to accounting standards and company policies, playing a key part in the financial integrity of manufacturing operations.

Key Responsibilities

• Maintain product cost structures, Bills of Materials (BOMs), routings, and standard costing information within approved systems and processes.
• Perform product costing activities, cost roll-ups, and standard cost updates to support accurate costing and inventory valuation.
• Analyze direct material, labor, and manufacturing overhead costs, and support cost estimate development for products and manufacturing activities.
• Conduct manufacturing variance analysis, including material, labor, overhead, and inventory variances, and investigate significant deviations.
• Support inventory valuation activities, inventory reconciliations, inventory provision assessments, and cycle count reviews.
• Monitor inventory movements, write-offs, slow-moving inventory, and obsolete inventory, providing analysis and recommendations as required.
• Support month-end and year-end closing activities through the preparation of reconciliations, journal entries, schedules, and costing analyses.
• Prepare cost, inventory, margin, and profitability reports to support operational and financial performance reviews.
• Ensure compliance with IFRS, company accounting policies, and internal controls related to costing and inventory accounting.
• Collaborate with Manufacturing, Supply Chain, Procurement, Engineering, and Finance teams to support costing activities, process improvements, and business initiatives.

Qualifications and Experience

Candidates should possess 5-10 years of relevant experience in cost accounting or a related financial role. A strong understanding of accounting standards and manufacturing finance processes is essential.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, requiring collaboration with various internal departments including Manufacturing, Supply Chain, Procurement, Engineering, and Finance teams.

Application Process

Interested candidates are invited to apply for this role to contribute to CEER's financial operations.