Cost Accountant

Confidential Careers; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

Confidential Careers is seeking a detail-oriented Costing Accountant to join our Finance team. You will support project and cost accounting activities, ensuring accurate cost allocation, project cost tracking, reconciliations, variance analysis, and reliable financial reporting across multiple projects.

The role requires a Bachelor's in Accounting or Finance, 3+ years in cost or project accounting, proficiency in ERP systems and Excel, and knowledge of IFRS.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of accounting/finance experience.
• Experience in Cost Accounting, Project Accounting, or Financial Accounting.
• Hands-on experience with cost allocation, reconciliations, variance analysis, and financial reporting.
• Experience using ERP / financial systems.
• Proficiency in Microsoft Excel and English.
• Knowledge of IFRS is preferred.
• Experience with CAPEX, WIP, or project cost reporting is an advantage.
• Experience in project-driven sectors such as Real Estate, Construction, Infrastructure, Entertainment, Hospitality, or Commercial Centers is desirable.

Responsibilities

• Record, monitor, and reconcile project-related costs across projects and cost centers.
• Ensure accurate cost classification and allocation.
• Prepare project cost reports and perform variance analysis against budgets and forecasts.
• Monitor project expenditures and highlight significant cost variances.
• Support CAPEX, WIP, asset additions, and capitalization activities.
• Perform project cost and balance-sheet reconciliations.
• Support month-end and year-end closing activities.
• Coordinate with Finance, Project, and Procurement teams to resolve cost-related matters.
• Ensure compliance with accounting policies, IFRS, and internal controls.

Skills

Cost accounting

Project accounting

Reconciliations

Variance analysis

Financial reporting

IFRS knowledge

Excel

ERP / financial systems

English

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

ERP / financial systems

Job description

We are looking for a detail-oriented and analytical Costing Accountant to join our Finance team.

The successful candidate will support project and cost accounting activities, ensuring accurate cost allocation, project cost tracking, reconciliations, variance analysis, and reliable financial reporting across multiple projects and business units.

Key Responsibilities

• Record, monitor, and reconcile project-related costs across projects and cost centers.
• Ensure accurate cost classification and allocation.
• Prepare project cost reports and perform variance analysis against budgets and forecasts.
• Monitor project expenditures and highlight significant cost variances.
• Support CAPEX, WIP, asset additions, and capitalization activities.
• Perform project cost and balance-sheet reconciliations.
• Support month-end and year-end closing activities.
• Coordinate with Finance, Project, and Procurement teams to resolve cost-related matters.
• Ensure compliance with accounting policies, IFRS, and internal controls.

These responsibilities reflect the JD, including project costing, reconciliations, CAPEX/WIP, variance analysis and financial closing support. Costing Accountant

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of relevant Accounting/Finance experience.
• Experience in Cost Accounting, Project Accounting, or Financial Accounting.
• Hands-on experience with cost allocation, reconciliations, variance analysis, and financial reporting.
• Experience using ERP / financial systems.
• Good command of Microsoft Excel and English.
• Knowledge of IFRS is preferred.
• Experience with CAPEX, WIP, or project cost reporting is an advantage.
• Experience in project-driven sectors such as Real Estate, Construction, Infrastructure, Entertainment, Hospitality, or Commercial Centers is highly desirable. Costing Accountant.