Cost accountant Jobs in Saudi Arabia

• Monitoring financial data to identify cost-saving opportunities
• Preparing reports and forecasts while conducting variance analysis for senior management
• Coordinating closely with project managers and department heads to track costs
• Reviewing financial transactions for compliance and conducting audits to resolve discrepancies
• Supporting the training and development of cost control staff
• Collaborating with teams to drive efficiency initiatives
• Staying updated on industry best practices and providing guidance on cost control matters

• Monitor and analyze production costs, direct and indirect materials, labor, and overheads.
• Maintain and validate Bill of Materials (BOM) and routing information in the ERP system.
• Perform periodic cost roll-ups and standard cost updates based on approved changes.
• Prepare detailed cost variance analysis reports, highlighting key fluctuations.
• Reconcile inventory valuation for raw materials, work-in-progress, and finished goods.
• Coordinate monthly and year-end closing activities related to cost of goods sold (COGS).
• Analyze cost structures and recommend improvements to reduce production expenses.
• Track scrap, rework, and non-conformance costs with appropriate justifications.
• Support annual budgeting and forecasting of manufacturing cost centers.
• Perform profitability and margin analysis by product, customer, and region.
• Assist internal and external auditors with cost-related inquiries and documentation.
• Evaluate the impact of price changes, exchange rates, and utility consumption on product costing.
• Prepare reports to support pricing, quotations, and tenders for both local and export markets.
• Collaborate with warehouse, production, and maintenance teams for accurate cost inputs.
• Ensure compliance with internal controls, costing policies, and audit recommendations.

• Bachelor’s degree in Accounting, Finance, or Industrial Management.
• Minimum of 5-8 years of experience in the same field.
• Advanced Microsoft Excel and costing tools skills.
• Strong knowledge of ERP systems (preferably Microsoft Dynamics AX).
• Analytical thinking and attention to detail.
• Proficiency in English.

• Analyze changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
• Research material costs to ensure accuracy in the company’s accounting system.
• Evaluate the Bill of Material (BOM) for each product.
• Prepare comprehensive budgeting reports for the company and its departments.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Examine costs to determine the most efficient methods.
• Review standard and actual costs for inaccuracies and recommend cost efficiencies.
• Participate in physical inventory counts to ensure accuracy.
• Analyze and report profit margins internally.
• Assist with monthly and year-end close processes, ensuring compliance with accounting standards.

• Bachelor’s degree in Accounting or Finance.
• 5 years of experience in the manufacturing industry is preferred.
• Excellent proficiency in Microsoft Excel.

• Develop and maintain standard costs for products, including raw materials, labor, and overhead.
• Conduct variance analysis to identify cost deviations and implement corrective actions.
• Analyze cost trends and recommend opportunities for cost reduction.
• Prepare and analyze cost reports, including product profitability and inventory valuation.
• Assist in the development and implementation of cost accounting systems and procedures.
• Support the budgeting and forecasting process with accurate cost data.
• Collaborate with production and operations teams to optimize cost efficiency.

• Bachelor's degree in Accounting or Finance.
• Minimum of 3 years of experience in cost accounting.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Ability to work independently and as part of a team.

• Experience in the manufacturing industry.
• Knowledge of inventory management principles.
• Certification in Cost Management.

📣 Job Announcement: General Accountant

A major national company in the Eastern Region (Khobar/Dammam) announces its need to appoint a competent accountant to join its financial team and manage accounting and tax operations.

🎯 Job Objective:

To organize the entire documentation cycle, ensure the accuracy of financial reports, and comply with tax and legal requirements.

📋 Tasks and Responsibilities:

• Manage entries: Enter invoices and daily entries and follow up on supplier and customer accounts.

• Bank reconciliation: Perform periodic bank reconciliations and ensure the integrity of balances.

• Tax declarations: Prepare and submit VAT declarations accurately and on time through the "ZATCA" portal.

• Financial statements: Prepare trial balances and periodic financial statements (income statement, balance sheet).

• Archiving and documentation: Organize and archive accounting documents in a way that facilitates the auditing process.

✅ Requirements:

• Qualification: Bachelor’s degree in Accounting or Finance.

• Experience: At least two years of experience in general accounting within the Kingdom of Saudi Arabia.

• Skills:

• Full familiarity with the VAT system and financial laws in the Kingdom.

• Proficiency in accounting software (ERP Systems) and advanced Excel skills.

• High accuracy in dealing with numbers and speed in performance.

• Language: Proficiency in Arabic and English (for correspondence and reports).

🎁 Benefits:

• A monthly salary determined according to experience.

• A professional and organized work environment.

• Opportunities for professional development as the company grows.

📩 To apply:

Please send your CV with the title "General Accountant" in the subject line:

• Email: a@********************

• WhatsApp: 05********

• Monitor and analyze production costs, direct and indirect materials, labor, and overheads.
• Maintain and validate Bill of Materials (BOM) and routing information in the ERP system.
• Perform periodic cost roll-ups and standard cost updates based on approved changes.
• Prepare detailed cost variance analysis reports, highlighting key fluctuations.
• Reconcile inventory valuation for raw materials, work-in-progress, and finished goods.
• Coordinate monthly and year-end closing activities related to cost of goods sold (COGS).
• Analyze cost structures and recommend improvements to reduce production expenses.
• Track scrap, rework, and non-conformance costs with appropriate justifications.
• Support annual budgeting and forecasting of manufacturing cost centers.
• Perform profitability and margin analysis by product, customer, and region.
• Assist internal and external auditors with cost-related inquiries and documentation.
• Evaluate the impact of price changes, exchange rates, and utility consumption on product costing.
• Prepare reports to support pricing, quotations, and tenders for both local and export markets.
• Collaborate with warehouse, production, and maintenance teams for accurate cost inputs.
• Ensure compliance with internal controls, costing policies, and audit recommendations.

• Bachelor’s degree in Accounting, Finance, or Industrial Management.
• Minimum of 5-8 years of experience in the same field.
• Advanced Microsoft Excel and costing tools skills.
• Strong knowledge of ERP systems (preferably Microsoft Dynamics AX).
• Analytical thinking and attention to detail.
• Proficiency in English.

• Monitor and analyze production costs, direct and indirect materials, labor, and overheads.
• Maintain and validate Bill of Materials (BOM) and routing information in the ERP system.
• Perform periodic cost roll-ups and standard cost updates based on approved changes.
• Prepare detailed cost variance analysis reports, highlighting key fluctuations.
• Reconcile inventory valuation for raw materials, work-in-progress, and finished goods.
• Coordinate monthly and year-end closing activities related to cost of goods sold (COGS).
• Analyze cost structures and recommend improvements to reduce production expenses.
• Track scrap, rework, and non-conformance costs with appropriate justifications.
• Support annual budgeting and forecasting of manufacturing cost centers.
• Perform profitability and margin analysis by product, customer, and region.
• Assist internal and external auditors with cost-related inquiries and documentation.
• Evaluate the impact of price changes, exchange rates, and utility consumption on product costing.
• Prepare reports to support pricing, quotations, and tenders for both local and export markets.
• Collaborate with warehouse, production, and maintenance teams for accurate cost inputs.
• Ensure compliance with internal controls, costing policies, and audit recommendations.

• Bachelor’s degree in Accounting, Finance, or Industrial Management.
• Minimum of 5-8 years of experience in the same field.
• Advanced Microsoft Excel and costing tools skills.
• Strong knowledge of ERP systems (preferably Microsoft Dynamics AX).
• Analytical thinking and attention to detail.
• Proficiency in English.

• Prepare and analyze periodic cost and profitability reports.
• Calculate recipe and product costs, and monitor waste and variances.
• Analyze differences between actual and standard costs.
• Oversee periodic inventory counts and ensure proper stock control.
• Monitor operational expenses and enhance cost efficiency.

• Bachelor’s degree in Accounting or equivalent.
• 3–5 years of experience in restaurants, cafés, or food manufacturing.
• Proven experience with ERP systems and accounting software.