Cost Accountant - Manufacturing Co.

Job Title: Cost Accountant

Location: Jeddah

Job Type: Full-time

Industry: Manufacturing

Job Summary:

We are seeking a highly skilled Cost Accountant to join our manufacturing company. The ideal candidate will be responsible for analyzing, recording, and controlling costs associated with production processes. They will play a critical role in cost optimization, budgeting, and financial decision-making.

Key Responsibilities:

Cost Accounting & Analysis:

• Maintain and analyze cost accounting records and prepare reports on cost variations.
• Monitor product costing, inventory valuation, and variance analysis.
• Analyze material, labor, and overhead costs to ensure accurate financial reporting.
• Identify cost reduction opportunities and suggest process improvements.

Inventory & Manufacturing Cost Control:

• Conduct monthly and quarterly inventory reconciliations and audits.
• Ensure proper valuation of raw materials, work-in-progress (WIP), and finished goods.
• Monitor waste, scrap, and by-product costs and recommend cost control measures.

Budgeting & Forecasting:

• Assist in annual budgeting and periodic forecasting for manufacturing operations.
• Analyze standard costs vs. actual costs and report variances.
• Support pricing strategies by providing accurate cost data and profitability analysis.

Compliance & Reporting:

• Ensure compliance with accounting standards (GAAP, IFRS) and cost accounting principles.
• Prepare cost reports for management, auditors, and regulatory authorities.
• Support the finance team in internal and external audits related to cost accounting.

Qualifications & Requirements:

• Bachelors degree in Accounting, Finance,
• 3-5 years of experience in cost accounting, preferably in a manufacturing environment.
• Strong understanding of costing methods (FIFO, LIFO, Weighted Average, Standard Costing, etc.).
• Experience with ERP systems (SAP, Oracle, Microsoft Dynamics, or similar).
• Advanced Excel skills for financial modeling and analysis.
• Strong analytical, problem-solving, and communication skills.

Preferred Skills:

• Experience in lean manufacturing, process costing, and variance analysis.
• Familiarity with cost allocation and absorption costing techniques.
• Ability to work with cross-functional teams in production, procurement, and finance.

Benefits:

• Competitive salary and performance-based incentives.
• Health insurance and other benefits.
• Professional development and career growth opportunities.