Cost Accounting Specialist: Inventory Valuation & Variances

Ceer; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Ceer is seeking a Cost Accounting professional in Riyadh to support product costing, inventory valuation and manufacturing finance processes. You will analyze direct materials, labour and overhead, perform variance analysis and ensure IFRS compliance while collaborating with Manufacturing, Supply Chain and Finance to drive accurate costing and informed business decisions.

The role involves maintaining BOMs and standard costing data, preparing reconciliations and cost reports for month-end and

Qualifications

• Bachelor's degree in Finance, Accounting or equivalent.
• 3 years minimum in a relevant field.

Responsibilities

• Maintain product cost structures, BOMs, routings and standard costing information within approved systems and processes.
• Perform product costing activities, cost roll-ups and standard cost updates to support accurate costing and inventory valuation.
• Analyse direct material, labour and manufacturing overhead costs and support cost estimate development for products and manufacturing activities.
• Perform manufacturing variance analysis, including material, labour, overhead and inventory variances and investigate significant deviations.
• Support inventory valuation activities, inventory reconciliations, inventory provision assessments and cycle count reviews.
• Monitor inventory movements, write-offs, slow-moving inventory and obsolete inventory and provide analysis and recommendations where required.
• Support month-end and year-end closing activities through preparation of reconciliations, journal entries, schedules and costing analyses.
• Prepare cost, inventory, margin and profitability reports to support operational and financial performance reviews.
• Ensure compliance with IFRS, company accounting policies and internal controls related to costing and inventory accounting.
• Collaborate with Manufacturing, Supply Chain, Procurement, Engineering and Finance teams to support costing activities, process improvements and business initiatives.

Skills

Cost accounting

Inventory valuation

Variance analysis

IFRS compliance

Financial reporting

Cross-functional collaboration

Education

Bachelor's Degree in Finance, Accounting or equivalent

Job description

Ceer is seeking a Cost Accounting professional in Riyadh to support product costing, inventory valuation and manufacturing finance processes. You will analyze direct materials, labour and overhead, perform variance analysis and ensure IFRS compliance while collaborating with Manufacturing, Supply Chain and Finance to drive accurate costing and informed business decisions.

The role involves maintaining BOMs and standard costing data, preparing reconciliations and cost reports for month-end and