Cost accountant Jobs in Saudi Arabia

Position Overview
The Senior Cost Accountant is responsible for managing, analyzing, and controlling all cost-related activities within the organization. This role requires strong expertise in SAP (FI/CO, MM, PP modules), cost allocation, variance analysis, and financial reporting. The Senior Cost Accountant ensures accurate cost data, supports management decisions with analytical insights, and drives continuous improvement in cost efficiency and profitability.

Key Responsibilities

• Cost Accounting & Analysis:
  • Perform detailed cost analysis for products, projects, and services.
  • Maintain and monitor standard costs, BOM (Bill of Materials), and routing updates in SAP.
  • Conduct monthly cost variance analysis (material, labor, overhead) and investigate deviations.
  • Review and validate inventory costing, production orders, and WIP valuations.
  • Support costing for new products, new projects, and changes in manufacturing processes.
• SAP Financial Operations:
  • Manage costing activities using SAP FI/CO, MM, and PP modules.
  • Ensure accurate data flow from material master, cost centers, activity types, work centers, and BOM.
  • Perform SAP month-end closing including settlement of production orders, cost centers, and internal orders.
  • Generate and analyze SAP reports such as CK11N, CK40N, MB5B, KSB1, KSBT, S_ALR Reports, and more.
• Budgeting & Forecasting:
  • Participate in the preparation of annual budgets, rolling forecasts, and cost estimates.
  • Monitor actual costs versus budget and present monthly variance reports.
  • Assist management with cost simulations, what-if analysis, and cost reduction opportunities.
• Internal Controls & Compliance:
  • Ensure compliance with IFRS, internal policies, and audit requirements.
  • Maintain strong cost accounting controls in SAP to ensure data accuracy and transparency.
  • Coordinate with internal and external auditors on cost and inventory-related matters.
• Cross-Functional Collaboration:
  • Work closely with production, procurement, engineering, and finance teams to ensure accurate cost data.
  • Support projects related to process improvement, SAP enhancements, and system automation.
  • Provide financial insights to assist management with decision-making.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, or Cost Management (CMA or CPA preferred).
• 5–7 years of experience in cost accounting, preferably in manufacturing, industrial, or project-based environments.
• Strong SAP experience in FI/CO, MM, PP modules is mandatory.
• Strong analytical, problem-solving, and financial modeling skills.
• Proficiency in Excel (pivot tables, formulas, dashboards).
• Excellent communication and report-writing skills.

Key Competencies

• Attention to detail and high accuracy.
• Ability to work under pressure and meet deadlines.
• Strong understanding of costing concepts (standard costing, absorption costing, activity-based costing).
• Business acumen and ability to partner with operations.
• Initiative and ability to drive cost optimization.

Why Join Alfanar Projects
Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors. Our work directly contributes to sustainable development and infrastructure modernization in multiple countries. Since 1976, we have grown and diversified our business to meet the evolving needs of a changing world.

Position Overview
The Senior Cost Accountant is responsible for managing, analyzing, and controlling all cost-related activities within the organization. This role requires strong expertise in SAP (FI/CO, MM, PP modules), cost allocation, variance analysis, and financial reporting. The Senior Cost Accountant ensures accurate cost data, supports management decisions with analytical insights, and drives continuous improvement in cost efficiency and profitability.

Key Responsibilities

• Cost Accounting & Analysis:
  • Perform detailed cost analysis for products, projects, and services.
  • Maintain and monitor standard costs, BOM (Bill of Materials), and routing updates in SAP.
  • Conduct monthly cost variance analysis (material, labor, overhead) and investigate deviations.
  • Review and validate inventory costing, production orders, and WIP valuations.
  • Support costing for new products, new projects, and changes in manufacturing processes.
• SAP Financial Operations:
  • Manage costing activities using SAP FI/CO, MM, and PP modules.
  • Ensure accurate data flow from material master, cost centers, activity types, work centers, and BOM.
  • Perform SAP month-end closing including settlement of production orders, cost centers, and internal orders.
  • Generate and analyze SAP reports such as CK11N, CK40N, MB5B, KSB1, KSBT, S_ALR Reports, and more.
• Budgeting & Forecasting:
  • Participate in the preparation of annual budgets, rolling forecasts, and cost estimates.
  • Monitor actual costs versus budget and present monthly variance reports.
  • Assist management with cost simulations, what-if analysis, and cost reduction opportunities.
• Internal Controls & Compliance:
  • Ensure compliance with IFRS, internal policies, and audit requirements.
  • Maintain strong cost accounting controls in SAP to ensure data accuracy and transparency.
  • Coordinate with internal and external auditors on cost and inventory-related matters.
• Cross-Functional Collaboration:
  • Work closely with production, procurement, engineering, and finance teams to ensure accurate cost data.
  • Support projects related to process improvement, SAP enhancements, and system automation.
  • Provide financial insights to assist management with decision-making.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, or Cost Management (CMA or CPA preferred).
• 5–7 years of experience in cost accounting, preferably in manufacturing, industrial, or project-based environments.
• Strong SAP experience in FI/CO, MM, PP modules is mandatory.
• Strong analytical, problem-solving, and financial modeling skills.
• Proficiency in Excel (pivot tables, formulas, dashboards).
• Excellent communication and report-writing skills.

Key Competencies

• Attention to detail and high accuracy.
• Ability to work under pressure and meet deadlines.
• Strong understanding of costing concepts (standard costing, absorption costing, activity-based costing).
• Business acumen and ability to partner with operations.
• Initiative and ability to drive cost optimization.

Why Join Alfanar Projects
Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors. Our work directly contributes to sustainable development and infrastructure modernization in multiple countries. Since 1976, we have grown and diversified our business to meet the evolving needs of a changing world.

Join KMAS-SA as a Cost Accountant!
We are looking for a dedicated professional to implement and monitor cost collection, analysis, and recording processes to ensure the accuracy of financial data and support management in making informed, data-driven decisions.

Job Responsibilities:

• Collect cost data from all departments (Purchasing, Inventory, Production, and Human Resources).
• Classify costs into direct and indirect, fixed and variable.
• Analyze actual costs and compare them with estimated or standard costs.
• Prepare periodic cost reports and submit recommendations to management.
• Participate in preparing budgets and financial forecasts.
• Review expense documents and invoices to ensure cost accuracy and compliance.
• Monitor inventory and calculate the actual cost of goods.
• Coordinate with various departments to ensure accuracy and completeness of cost data.
• Contribute to monthly and annual closing processes.
• Record and analyze data using accounting systems (Excel or ERP).

Required Skills:

• Strong proficiency in Microsoft Excel.
• Good knowledge of accounting systems and inventory management.
• Ability to perform financial analysis and prepare reports.
• Strong communication and coordination skills with cross-functional teams.
• High attention to detail and accuracy in data entry.

Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field.
• Previous experience in cost management within the restaurant industry.

An accountant is required to work in a leading company in the field, with experience in working professionally on Al-Amin software and preparing and analyzing cost reports and identifying variances. His responsibilities include:
• Preparing estimated budgets and monitoring financial performance
• Analyzing project and product costs and making recommendations to improve profitability
• Preparing periodic reports for senior management on financial performance indicators
And all necessary accounting work without errors.

Join Farm Frites Egypt as a Cost Accountant!
We are a leading food and beverage manufacturing company in the Middle East, recognized for our high-quality frozen pre-fried French fries. Our team is pivotal in ensuring financial compliance and supporting operational efficiency.

Job Purpose: You will provide financial, administrative, and clerical support to ensure effective management of payments and expenses. Your role is crucial in maintaining the integrity of our financial data and overseeing our inventory records.

Key Responsibilities:

• ERP & Data Integrity: Ensure accuracy of inventory recording and costing data within Oracle ERP for precise financial reporting.
• Reconciliation & Reporting: Lead monthly reconciliation of Inventory GL against sub-ledgers, analyze consumption costs, and prepare periodic costing reports.
• Variance Analysis: Conduct analysis on material usage, purchase price, and resource usage to enhance cost savings in production.
• Inventory Control: Monitor stock levels for high-turnover raw materials and frozen goods to support the supply chain.
• Risk Management: Analyze stock aging to mitigate inventory risks and reduce write-offs for perishable items.
• Auditing: Conduct physical counts and cycle counts, rectify discrepancies, and enforce documentation across factory stores.

Qualifications:

• Bachelor’s degree in Business Administration, Economics, or Finance.
• 1-3 years of relevant experience; food or beverage manufacturing experience is a plus.
• Knowledge of international accounting standards, strong MS Office skills, and good analytical abilities.
• Proficiency in English (intermediate level).

Join us and be part of a team dedicated to producing the finest French fries in the region!

Job Purpose:
This position exists to oversee and analyze cost expenditures and purchases efficiently, ensuring timely execution and adherence to quality standards in alignment with defined policies and procedures to achieve departmental operational plans and developments within a wider scope.

Key Accountability Areas:

• Actual Costing:
  • Coordinate with production monthly to finalize all actual activities and closing orders.
  • Check all actual data posted by production and make required adjustments.
  • Process period-end closing and posting (WIP, Variances, Unrealized cost, etc.).
  • Post all costing entries and provisions monthly.
  • Analyze and check results of period-end closing every month.
  • Check expenses monthly and make adjustments as required.
  • Manage settlement for investment internal orders to AUC and cost centers.
  • Design and update distribution cycles to allocate service and general cost center costs.
• Standard Costing:
  • Prepare planned costing data with agreed plant activity.
  • Enter standard costs and plant activity in the system and calculate the rate.
  • Maintain and update activity rates for production work centers.
  • Regularly check and adjust materials master and master data (BOM & Routing) and inform planning for required adjustments.
  • Run material costing to calculate planned cost.
  • Maintain production orders overhead percentage and upload overhead costs to production orders based on that maintained percentage.
• Costing & Controlling Analysis:
  • Analyze WIP and provide justification for major orders.
  • Analyze unrealized costs and provide justification for major orders.
  • Identify and analyze production, purchasing, and inventory variances.
  • Prepare master consumption reports with proper adjustments.
  • Monitor actual consumption and report irregular costs to management.
• Monthly Controlling ORM & Financial Reports:
  • Prepare monthly consumption and production masters.
  • Prepare costing statements per product type.
  • Prepare special costing reports and monitor actual vs. budget and standard costing reports with variance analysis.

HR Proficiency:
Ability to maintain updated technical skills related to this job.

Delivery:
Perform planned activities to meet operational targets as per delivery schedules, utilizing resources effectively. Provide periodic reports detailing deviations from planned tasks.

Problem-Solving:
Solve related problems and escalate complex operational issues.

Quality and Compliance:
Ensure quality standards and compliance with policies and procedures. Adhere to health, safety, and environmental management procedures within defined work areas.

Academic Qualification:
Bachelor's Degree in Accounting and Finance or any relevant field.

Work Experience:
2 to 4 Years.

Technical/Functional Competencies:
Cost Accounting, Cost Analysis, Industrial Cost Analysis.

Join Amber Hospitality as a Cost Accountant!
We are seeking a skilled Cost Accountant to manage and optimize our financial operations regarding hospitality services. With a commitment to exceptional service and guest satisfaction, come be a part of a leading hospitality brand in Riyadh.

Requirements:

• 3 to 4 years of experience in Cost Accounting, preferably in hospitality or real estate.
• Proficient in Microsoft Office; familiarity with accounting systems is a plus.
• Strong analytical skills to prepare financial and cost reports.
• Good understanding of financial policies and internal control systems.
• Effective organizational and time management abilities.
• Ability to work collaboratively within a team.
• Proficiency in English.

Key Responsibilities:

• Determine cost center expenses related to hospitality and housekeeping.
• Monitor daily operating costs and compare them against the budget.
• Analyze variances between actual and planned costs, reporting to management.
• Track utility consumption and prepare periodic reports.
• Oversee operational inventory and implement control systems.
• Coordinate with the Procurement Department on purchasing processes.
• Participate in budget preparation and monitor waste for efficiency improvements.

An accountant is required with sufficient experience in calculating quantities and the cost of manufacturing products, preparing budgets and financial statements, managing salaries, submitting tax returns, and analyzing data.

Join Farm Frites Egypt as a Cost Accountant!
We are a leading food and beverage manufacturing company in the Middle East, recognized for our high-quality frozen pre-fried French fries. Our team is pivotal in ensuring financial compliance and supporting operational efficiency.

Job Purpose: You will provide financial, administrative, and clerical support to ensure effective management of payments and expenses. Your role is crucial in maintaining the integrity of our financial data and overseeing our inventory records.

Key Responsibilities:

• ERP & Data Integrity: Ensure accuracy of inventory recording and costing data within Oracle ERP for precise financial reporting.
• Reconciliation & Reporting: Lead monthly reconciliation of Inventory GL against sub-ledgers, analyze consumption costs, and prepare periodic costing reports.
• Variance Analysis: Conduct analysis on material usage, purchase price, and resource usage to enhance cost savings in production.
• Inventory Control: Monitor stock levels for high-turnover raw materials and frozen goods to support the supply chain.
• Risk Management: Analyze stock aging to mitigate inventory risks and reduce write-offs for perishable items.
• Auditing: Conduct physical counts and cycle counts, rectify discrepancies, and enforce documentation across factory stores.

Qualifications:

• Bachelor’s degree in Business Administration, Economics, or Finance.
• 1-3 years of relevant experience; food or beverage manufacturing experience is a plus.
• Knowledge of international accounting standards, strong MS Office skills, and good analytical abilities.
• Proficiency in English (intermediate level).

Join us and be part of a team dedicated to producing the finest French fries in the region!

A company operating in the food and restaurant sector announces its need to hire a cost accountant to work in Al-Yasmeen neighborhood. Requirements: Previous experience in the field, preferably in the food and restaurant sector. Good knowledge of cost accounting principles and financial data analysis. High skills in using accounting software and Excel.