Cost Accountant
- Jeddah, Saudi Arabia
Posted 26 days ago
About the role
- 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
- Required Experience:
- Entry/Mid-Level: 1+ years in cost accounting, inventory control (Preferably in Manufacturing Co.)
- 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
- Special Skills:
- Problem solving skills, Innovative and productivity, Teamwork
- Languages Required:
- English, Arabic
- Competencies
- Cost Accounting & Analysis
- Inventory & Manufacturing Cost Control
- Analytical & Problem-Solving Skills
- Financial Reporting & Reconciliation
- Attention to Detail