Cost Accounting Manager

Water Transmission and Technologies Co.; Riyadh; On-site; SAR 180,000 - 280,000; Full time

Job summary

Water Transmission and Technologies Co. in Riyadh is seeking a qualified Cost Accounting professional to contribute to the division plan, develop KPIs, and implement cost accounting frameworks. The role focuses on optimizing resources and ensuring aligned budgeting and procedures across departments.

The candidate will communicate plans throughout the organization and provide recommendations for cost improvement, while coordinating with senior management on key operational decisions as needed.

Qualifications

• Bachelor's in Accounting or relevant fields.

Responsibilities

• Contribute to the development of Business Finance Division plan and develop operational plan of the Cost Accounting Function according to set objectives.
• Develop Cost Accounting Function key performance indicators and continuously monitor progress towards operational plan.
• Implement Cost Accounting Function's framework methodologies techniques and principles.
• Ensure that Cost Accounting Function operational plan is well communicated and understood at all levels.
• Optimize resources and ensure team is efficient and provide recommendations for improvement.
• Develop budget requirements for Cost Accounting Function ensuring alignment to plans and needs.
• Develop procedures ensuring all actions are conducted in a systematic manner.
• Take operational decisions and escape key decisions to senior management when required.

Skills

Cost accounting

Budgeting

KPI development

Financial analysis

Stakeholder management

Process improvement

Education

Bachelor's in Accounting

Job description

Managing cost control activities ensuring alignment with policies and procedures

Key Roles and Responsibilities

• Contribute to the development of Business Finance Division plan and develop operational plan of the Cost Accounting Function according to set objectives
• Develop Cost Accounting Function key performance indicators and continuously monitor progress towards operational plan
• Implement Cost Accounting Function s framework methodologies techniques and principles
• Ensure that Cost Accounting Function operational plan is well communicated and understood at all levels
• Optimize resources and ensure team is efficient and provide recommendations for improvement
• Develop budget requirements for Cost Accounting Function ensuring alignment to plans and needs
• Develop procedures ensuring all actions are conducted in a systematic manner
• Take operational decisions and escape key decisions to senior management when required

Key Roles and Responsibilities 2

• Develop a tailored costing methodology to provide cost insights
• Apply a cost justification framework to support decisions about complex costs
• Provide insights for price setting parameter
• Provide costing principles for departments based on previous experience and benchmarks
• Assess the spending risks opportunities of the budget for decision-making
• Ensure that the process of reconciliation is operating smoothly in a timely manner
• Ensure timely processing of payments payroll supplier payments etc
• Ensure compliance of fixed assets accounting to policies and procedures
• Provide advice and solutions to achieve most efficient cost cutting solutions
• Build and maintain solid relations with external stakeholders such as governmental entities and consultants to serve WTCO s best interest
• Approve reports and presentations related to Department activities and achievements for reporting and decision-making

Key Roles and Responsibilities 3

Job Requirements

• Bachelor s in Accounting or Relevant fields Bachelors in Finance or Relevant fields

Key Communications

Internal Stakeholders

• Corporate Finance
• General Accounting
• All Departments
• Bachelor s in Accounting or Relevant fields Bachelors in Finance or Relevant fields