Senior Specialist Cost Accounting

About the Role

CEER is seeking a Senior Specialist, Cost Accounting to join their team in Riyadh. This full-time role is responsible for supporting product costing, inventory valuation, and manufacturing finance activities. The specialist will contribute to accurate cost information, inventory valuation, and operational decision-making, ensuring compliance with accounting standards and company policies.

Role Purpose

The primary purpose of this position is to manage cost analysis, inventory accounting, variance reporting, and financial reporting processes. This involves maintaining product cost structures and supporting various financial closing activities to ensure the integrity of cost data and inventory valuation.

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.
• Perform 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 where required.
• Support month-end and year-end closing activities through 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 3-5 years of relevant experience in cost accounting or a related financial role. A strong understanding of accounting standards and internal controls is essential for this position.

Work Environment

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

Application Information

Salary for this position will be disclosed during the interview process.