5 Cost Lead jobs in Jeddah

1. Job Responsibilities

Direct Role:

• Maintain standard costing for products, including materials, labor, and overheads.
• Monitor production costs and perform material, labor, and overhead variance analysis.
• Review and maintain Bills of Materials (BOMs), production routes, and costing data.
• Analyze raw material consumption, scrap, wastage, and production efficiency.
• Monitor and ensure timely financial closure of production work orders and RAF transactions.
• Perform monthly inventory valuation, FIFO costing, and inventory closing in the ERP system.
• Coordinate physical inventory counts, investigate variances, and improve inventory accuracy.
• Prepare inventory reconciliations and inventory-related journal entries.
• Assist with month-end closing, WIP reconciliation, and general ledger reconciliations.
• Prepare product costing, profitability, and manufacturing cost analysis reports.
• Support product pricing decisions through accurate cost analysis.
• Ensure compliance with costing policies, internal controls, and IFRS requirements.
• Support internal and external audits by providing costing and inventory information.
• Perform other duties assigned by management within the scope of the role.

• Role Qualifications:

2.1 Required Education:

• Bachelor's degree in Cost Accounting

1. Required Experience:

• Entry/Mid-Level: 1+ years in cost accounting, inventory control (Preferably in Manufacturing Co.)

1. Technical Skills:

• Standard Costing & Variance Analysis
• BOM & Routing Management
• Inventory Valuation (FIFO)
• ERP Systems (Dynamics AX/D365)
• Advanced Microsoft Excel
• Financial Reporting & General Ledger
• IFRS and Cost Accounting Principles

1. Special Skills:

• Problem solving skills, Innovative and productivity, Teamwork

1. Languages Required:

• English, Arabic

1. Competencies

• Cost Accounting & Analysis
• Inventory & Manufacturing Cost Control
• Analytical & Problem-Solving Skills
• Financial Reporting & Reconciliation
• Attention to Detail