Assistant Manager, Cost Accounting

CEER; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

CEER in Riyadh is seeking an experienced finance professional to lead cost accounting, inventory valuation and manufacturing finance activities. You will ensure accurate product costing, IFRS-compliant reporting and support continuous improvement initiatives.

You will collaborate with Manufacturing, Supply Chain, Procurement and Engineering to optimise costs, perform variance analysis, budgeting, and provide actionable insights for operational decision making within a corporate finance framework.

Qualifications

• Bachelor's degree in Finance or Accounting.
• Minimum 5 years in cost accounting, manufacturing finance or equivalent.
• Experience with IFRS and month-end close.
• Strong analytical and communication skills.

Responsibilities

• Lead cost accounting, BOMs, routings and standard costing data.
• Support cost estimates, business cases for new products and changes.
• Execute standard costing, inventory valuation and cost roll-ups.
• Analyze variances in material, labour and overhead for cost improvement.
• Coordinate inventory accounting activities including reconciliations.
• Assist month-end/year-end closing, journaling and variance analysis.
• Prepare cost, inventory, margin and profitability analyses for management.
• Ensure IFRS compliance and internal controls related to costing.
• Support ERP enhancements and finance transformation initiatives.
• Collaborate with Manufacturing, Supply Chain, Procurement, Engineering and PM teams.

Skills

Cost accounting

Inventory valuation

Budgeting

Variance analysis

Financial reporting

IFRS compliance

Cross-functional collaboration

ERP familiarity

Education

Bachelor's degree in Finance/Accounting

Tools

ERP system

Job description

Financial Planning and Reporting

Job Purpose

This role is responsible for leading and supporting cost accounting, inventory valuation, and manufacturing finance activities to ensure accurate product costing, inventory accounting, and financial reporting. This role supports cost analysis, variance reporting, budgeting activities, and continuous improvement initiatives while providing financial insights to support operational and business performance.

Key Responsibilities

• Lead the maintenance of product cost structures, Bills of Materials (BOMs), routings, and standard costing data to support accurate product costing and financial reporting.
• Support product costing activities, cost estimates, and business case evaluations for new products and manufacturing changes.
• Execute and review standard costing, cost roll-ups, inventory valuation, and actual costing activities, ensuring accuracy and compliance with established procedures.
• Analyse material, labour, overhead, and manufacturing variances, identifying trends, risks, and opportunities for cost improvement.
• Coordinate inventory accounting activities, including inventory reconciliations, provision assessments, cycle count reviews, and inventory performance analysis.
• Support month-end and year-end closing activities, including journal entries, account reconciliations, variance analysis, and costing reports.
• Prepare and review cost, inventory, margin, and profitability analyses to support management decision making and operational improvements.
• Ensure compliance with IFRS, accounting policies, internal controls, and company procedures related to costing and inventory accounting.
• Support ERP system enhancements, finance transformation initiatives, and continuous improvement activities related to costing and manufacturing finance processes.
• Collaborate with Manufacturing, Supply Chain, Procurement, Engineering, and Program Management teams to support operational and financial objectives.

Job Requirements

Education

• Bachelor's Degree in Finance, Accounting or equivalent.

Experience

• 5 years minimum in a relevant field.