Cost Accountant

Position Summary

1) Costing & Inventory Control

• Prepare and maintain product cost sheets for building materials (cement, steel, aluminum, panels, etc.)
• Calculate standard cost, actual cost, and variance analysis
• Monitor raw material, labor, and overhead costs
• Review inventory valuation and stock movement
• Conduct periodic stock reconciliation with warehouse

2) Financial Analysis & Reporting

• Prepare monthly cost reports and profitability analysis
• Analyze production and operational expenses
• Identify cost-saving opportunities and inefficiencies
• Support budgeting and forecasting process
• Prepare management reports on cost performance

3) Budgeting & Cost Control

• Assist in preparing annual budgets
• Monitor actual expenses vs budget
• Implement cost control procedures
• Review purchase and production costs

4) Compliance & Coordination

• Ensure compliance with company policies and accounting standards
• Coordinate with production, procurement, and finance teams
• Support internal and external audits
• Maintain accurate financial and cost records

Required Qualifications

• **Bachelor’s Degree**
• in Accounting, Finance, or Cost Accounting
• **3–7 years**

experience

• as Cost Accountant (preferably in building materials / manufacturing)
• Strong knowledge of cost accounting principles
• Experience with
• ERP systems
• (SAP, Oracle, or similar)
• Good knowledge of Microsoft Excel
• Knowledge of VAT regulations in Saudi Arabia is an advantage

Key Skills

• Cost analysis and cost control
• Inventory and stock management
• Financial reporting
• Attention to detail
• Problem-solving skills
• Communication and teamwork

Preferred (Optional)

• CMA / ACCA / CA qualification
• Experience in building materials or manufacturing industry in Saudi Arabia or GCC
• Experience handling large inventory and production costing