Cost & Inventory Accountant

Watania Steel; Riyadh Region; On-site; SAR 70,000 - 110,000; Full time

Job summary

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

You will work with Production, Warehouse and Procurement to ensure accurate cost records, participate in stock counts, and support budget preparation and forecasting with variance analysis. Proficiency in Arabic and English is required.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• 2+ years of cost accounting and inventory control experience in manufacturing preferred.
• Strong Excel and ERP system skills, SAP experience is advantageous.

Responsibilities

• Monitor and analyze production costs, material consumption, and cost variances.
• Maintain accurate inventory records and reconcile physical stock with system balances.
• Monitor raw materials, consumables, work-in-progress, and finished goods.
• Participate in stock counts and investigate inventory discrepancies.
• Prepare 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 to ensure cost and inventory control.
• Assist in budgeting and forecasting and analyze variances.

Skills

Cost accounting

Inventory control

Excel

ERP systems

Analytical mindset

Arabic & English communication

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.