SR.ACCOUNTANT COSTING📣 Job Ad

About alfanar Group

alfanar Group is seeking a dedicated SR.ACCOUNTANT, COSTING to join its team in Riyadh. This full-time position is crucial for maintaining financial accuracy and supporting strategic decision-making within the manufacturing operations. The role offers an opportunity for professionals with 0-1 years of experience to contribute significantly to the company's financial health.

The Role of Senior Cost Accountant

The Senior Cost Accountant will be responsible for performing comprehensive product costing, manufacturing cost accounting, and inventory valuation. This role involves detailed cost analysis to support accurate financial reporting, robust cost control, and informed operational decision-making, ensuring adherence to company policies and accounting standards.

Key Responsibilities

• Own product costing activities for assigned manufacturing operations, ensuring accuracy of standard costs, Bills of Materials (BOMs), routings, labor rates, and overhead allocations.
• Perform standard cost roll-ups and periodic cost reviews to reflect current manufacturing conditions.
• Analyze actual manufacturing costs against standard costs and investigate cost variances.
• Review cost absorption, material usage, labor efficiency, scrap, rework, and production overheads to ensure accurate product costing.
• Manage inventory valuation, work-in-progress (WIP), production order settlements, and manufacturing-related inventory accounting.
• Review material consumption, inventory movements, stock adjustments, and investigate abnormal inventory transactions.
• Support month-end and year-end closing activities related to manufacturing costs, inventory, cost centers, and production variances.
• Prepare manufacturing cost reports, inventory reconciliations, and financial analyses for management reporting.
• Perform detailed variance analysis for material, labor, overhead, purchase price, scrap, rework, and production efficiency.
• Assist in the preparation of annual budgets, forecasts, and manufacturing cost plans, monitoring actual costs against them.

Operational Support and Compliance

• Support cost reduction initiatives by identifying opportunities to improve manufacturing efficiency and cost performance.
• Provide meaningful financial insights to support production planning, capacity utilization, and operational decision-making.
• Partner with production, warehouse, procurement, planning, engineering, and quality teams to improve cost visibility and operational performance.
• Provide financial analysis and costing support for new products, process improvements, and operational initiatives.
• Collaborate with cross-functional teams to improve inventory accuracy, production reporting, and cost management practices.
• Ensure compliance with company policies, accounting standards, and internal controls related to manufacturing costing and inventory.
• Maintain accurate documentation for costing calculations, reconciliations, inventory adjustments, and financial analyses.
• Support internal and external audits, inventory counts, and cost audit requirements.
• Review and improve costing procedures, reconciliations, and financial reporting processes to strengthen operational controls.

Required Experience

Candidates should possess 0-1 years of relevant experience in costing or accounting roles. This position is suitable for a professional eager to develop expertise in manufacturing finance and cost management within a dynamic environment.

Application

If you meet the above requirements and are looking to contribute to a dedicated team, we encourage you to apply for this full-time position in Riyadh.