Cost Analyst

Barns; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A renowned corporation in Jeddah seeks a Cost Analyst to provide comprehensive cost analysis supporting expense control and profitability. The ideal candidate should have a degree in Accounting or Finance, with 2-4 years of experience in cost analysis. Strong analytical skills and proficiency in ERP systems are essential. This role involves monitoring cost variances and ensuring compliance with accounting standards.

Qualifications

• 2–4 years of experience in cost analysis or industrial accounting.
• Strong knowledge of cost systems (standard, actual, variable, etc.).
• Good command of English (spoken and written).

Responsibilities

• Collect and analyze data related to direct and indirect costs.
• Prepare monthly, quarterly, and annual cost reports.
• Monitor and explain variances between actual and planned costs.
• Contribute to the development and improvement of cost systems.
• Analyze product and project costs, providing recommendations for optimization.
• Conduct feasibility studies, break-even, and cost-benefit analyses.
• Support budget preparation with accurate cost insights.
• Coordinate with different departments to identify cost-saving opportunities.
• Support inventory verification and ensure accuracy of cost records.
• Ensure compliance with accounting policies and international standards (e.g., IFRS, GAAP).

Skills

Analytical skills

Problem-solving skills

Reporting skills

Attention to detail

Education

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

Professional certification

Tools

Microsoft Dynamics

Advanced Excel

Job description

Job Purpose

The Cost Analyst will be responsible for analyzing product, service, and operational costs to provide insights that support expense control, efficiency improvements, and profitability. The role ensures compliance with accounting standards and company policies while delivering accurate cost analysis to support decision-making.

Key Responsibilities

• Collect and analyze data related to direct and indirect costs.
• Prepare monthly, quarterly, and annual cost reports.
• Monitor and explain variances between actual and planned costs.
• Contribute to the development and improvement of cost systems.
• Analyze product and project costs, providing recommendations for optimization.
• Conduct feasibility studies, break-even, and cost-benefit analyses.
• Support budget preparation with accurate cost insights.
• Coordinate with different departments to identify cost-saving opportunities.
• Support inventory verification and ensure accuracy of cost records.
• Ensure compliance with accounting policies and international standards (e.g., IFRS, GAAP).

Job Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification is preferred.
• 2–4 years of experience in cost analysis or industrial accounting.
• Strong knowledge of cost systems (standard, actual, variable, etc.).
• Proficiency in ERP systems (Microsoft Dynamics) and advanced Excel.
• Strong analytical, problem-solving, and reporting skills.
• High attention to detail.
• Good command of English (spoken and written).