Cost Accountant
Role Overview
To calculate and monitor production and inventory costs, analyze variances, and provide accurate reports to support cost control and improve profitability.
Department: Finance Department. Reports To: Accounting Manager.
Key Skills for This Role
Full Job Posting
Job Purpose
To calculate and monitor production and inventory costs, analyze variances, and provide accurate reports to support cost control and improve profitability.
Department: Finance Department. Reports To: Accounting Manager.
Key Responsibilities
- Calculate product costs, including raw materials, direct labor, and manufacturing overhead.
- Monitor production costs and control material consumption, scrap, and waste.
- Review inventory balances and participate in periodic stock counts.
- Analyze variances between actual and standard costs and identify their causes.
- Prepare periodic cost, production, and profitability reports.
- Assist with monthly and annual closing of cost accounting and inventory accounts.
- Coordinate with the Production, Warehouse, and Procurement departments.
- Recommend cost-reduction measures and improvements in production efficiency.
Qualifications and Experience
- Bachelor's degree in Accounting or Finance.
- 2-5 years of experience in cost accounting, preferably in a manufacturing environment.
- Proficiency in Microsoft Excel and accounting systems; ERP experience is preferred.
- Good knowledge of inventory valuation and cost analysis.
Required Skills
- Accuracy and financial analysis.
- Report preparation.
- Ability to identify cost variances and analyze their root causes.
- Effective communication and coordination with different departments.
Key Performance Indicators
Accuracy of product cost calculations.
Timely submission of monthly reports.
Accuracy of inventory records.
Timely identification and analysis of cost variances.
Contribution to reducing production costs.
Compensation
- Salary: 3,000.00 SAR per month.
Work Location
- Work location: in person.
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