Cost & Inventory Accountant

Watania Steel; Riyadh; On-site; SAR 90,000 - 140,000; Full time

Job summary

Watania Steel is seeking a Cost & Inventory Accountant to join our Finance team in Riyadh. You will monitor production costs and maintain inventory control across our manufacturing operations, reporting to the Financial Controller.

You will analyze variances, reconcile stock counts, and collaborate with Production, Warehouse, and Procurement teams to ensure accurate costing and inventory records within our ERP system. Bilingual Arabic/English preferred, with strong Excel skills.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 2+ years of experience in cost accounting and inventory control, ideally in a manufacturing environment.
• Solid understanding of inventory accounting and cost calculation methods.
• Strong Excel skills and hands-on experience with ERP systems; SAP experience is a strong advantage.
• Analytical mindset with a sharp eye for detail.
• Comfort working on the shop floor and building strong relationships with operational teams.
• Professional fluency in Arabic and English.

Responsibilities

• Monitor and analyze production costs, material consumption, and cost variances.
• Maintain accurate inventory records and reconcile physical stock counts with system balances.
• Monitor raw materials, consumables, work-in-progress, and finished goods.
• Participate in stock counts and investigate inventory discrepancies.
• Prepare periodic reports on inventory movements, material consumption, and production costs.
• Ensure accurate recording of inventory transactions in the ERP system.
• Coordinate with Production, Warehouse, and Procurement teams to ensure effective cost and inventory control.
• Assist in budget preparation and periodic forecasting, monitor actual performance against budget, and analyze related variances.

Skills

Cost accounting

Inventory control

Excel

ERP systems

Analytical mindset

Arabic & English fluency

Education

Bachelor's degree in Accounting or Finance

Tools

SAP

Job description

Watania Steel is looking for a Cost & Inventory Accountant to join our Finance team in Riyadh. Reporting to the Financial Controller, you will play a key role in monitoring production costs and maintaining strong inventory control across our manufacturing operations.

Key Responsibilities

• Monitor and analyze production costs, material consumption, and cost variances.
• Maintain accurate inventory records and reconcile physical stock counts with system balances.
• Monitor raw materials, consumables, work-in-progress, and finished goods.
• Participate in stock counts and investigate inventory discrepancies.
• Prepare periodic reports on inventory movements, material consumption, and production costs.
• Ensure accurate recording of inventory transactions in the ERP system.
• Coordinate with Production, Warehouse, and Procurement teams to ensure effective cost and inventory control.
• Assist in budget preparation and periodic forecasting, monitor actual performance against budget, and analyze related variances.

Requirements

• Bachelor's degree in Accounting or Finance.
• 2+ years of experience in cost accounting and inventory control, ideally in a manufacturing environment.
• Solid understanding of inventory accounting and cost calculation methods.
• Strong Excel skills and hands-on experience with ERP systems; SAP experience is a strong advantage.
• An analytical mindset with a sharp eye for detail.
• Comfort working on the shop floor and building strong relationships with operational teams.
• Professional fluency in Arabic and English.