Cost Control Specialist

Mattex Group; Jeddah; On-site; SAR 100,000 - 150,000; Full time

Job summary

A manufacturing company in Jeddah is seeking a Cost Control Specialist to enhance decision-making through in-depth analysis of sales performance and product costing. This role entails preparing comprehensive sales margin insights, supporting pricing strategies, and conducting inventory analysis. The ideal candidate holds a Bachelor's in accounting with over 5 years in a similar role and is proficient in ERP systems like SAP and MS Dynamics. Strong Excel skills are essential for success in this position.

Qualifications

• Bachelor’s degree required.
• 5+ years of cost accountant experience in manufacturing.
• Professional certification such as ACMA or CMA.

Responsibilities

• Prepare sales margin analysis.
• Support pricing decisions with product cost calculations.
• Perform production order variance analysis.
• Conduct periodic physical inventory counts.
• Reconcile Sales and COGS to the general ledger.

Skills

Sales performance analysis

Cost analysis

Inventory analytics

Variance analysis

Financial reporting

ERP systems experience

Excel expertise

Education

Bachelor’s degree in accounting and finance

Professional certification in Cost & Management accounting

Tools

SAP

MS Dynamics

Infor

MS Office

Job description

Job Title

Cost Control Specialist

(Manufacturing/Industrial Environment)

Reporting Line

Financial Controller

Role Purpose

To support commercial and manufacturing decision-making through Sales performance analysis, sales margin analysis, accurate product costing, production variance analysis, inventory analytics. Ensuring integrity of cost of goods sold (COGS), margins, and financial reporting in a multi-plant manufacturing environment.

The role acts as a bridge between Sales, supply chain, production and finance, providing actionable cost and margin insights while maintaining strong control over manufacturing and commercial finance processes.

Key Responsibilities

Commercial Finance & Sales Support

• Prepare sales margin analysis by product, customer, and market.
• Support pricing decisions through estimated product cost calculations for new and existing products.
• Assist sales and management teams with Sales performance insights. (Sales Price & volume variances analysis vs Budgets by product, segment and market.
• Support in preparation and compilation of annual Sales budgets by BU.

Manufacturing Costing & Production Accounting

• Perform production order variance analysis and closure for manufacturing orders across plants.
• Analyse material, labour, overhead, and machine hour variances, identifying root causes and corrective actions.
• Review and validate Bills of Materials (BOMs) in coordination with R&D and production teams.
• Calculate and periodically update applied overhead rates by work centre.
• Run monthly standard cost calculations, including:
• Actual cost based on average raw material prices
• Simulated cost scenarios incorporating current RM prices and rebate factors

Inventory Analysis & Control

• Prepare and review inventory ageing reports, highlighting slow-moving and obsolete inventory risks.
• Support inventory valuation accuracy and coordination with stores supply chain teams.
• Perform periodic physical inventory counts.

Monthly end closing activities

• Reconcile group wide Sales to General ledger on a monthly basis.
• Reconcile COGS to general ledger on a monthly basis.
• Calculate and post export freight cost & logistics cost accruals, including:
• Differential freight cost vs system freight module
• Periodic review and validation of freight accrual balances
• Calculate and manage accruals for:
• Customer rebates and incentive schemes
• Sales commissions
• Export freight, customs duty, and marine insurance on sales
• Product claims, quality complaints, and customer provisions
• Ensure accurate scheduling, reconciliation, and clearance of accrued balances.
• Contribute to monthly closing activities and adherence to month end targets.
• Ensure compliance with authority matrix and internal control requirements.

Qualifications & Professional Experience

• Bachelor’s degree in accounting and finance
• Professional certification in Cost & Management accounting (ACMA, CMA or equivalent.)
• 5+ years of experience in cost accountant role within a manufacturing industry.

Computing & Technical Skills

• ERP functional experience. (Infor, MS Dynamics, SAP, etc.)
• MS office (Excel, power point, Word) – Expert
• Hands on experience with Charts and Graphs.