Costing Accountant

AimGulf; Riyadh; On-site; SAR 110,000 - 170,000; Full time

Job summary

AimGulf in Riyadh, Saudi Arabia, seeks a skilled Cost Accountant to manage costing data, perform period-end closings, analyze variances, and ensure adherence to costing policies. You will coordinate with production and planning to finalize activities, post costs, and deliver accurate reports.

Responsible for maintaining standard costs, plant activity rates, and master data (BOM/Routing), and preparing costing statements to support management decisions and efficient cost control.

Responsibilities

• Oversee monthly cost postings and variances.
• Coordinate with production for period-end closings.
• Analyze WIP, un-realized costs, and cost center variances.
• Maintain standard costs and plant activity rates in the system.
• Review master data (BOM & Routing) and advise planning for adjustments.
• Prepare costing reports and special costing outputs.
• Monitor actual vs budget and perform variance analysis.

Job description

This position exists to oversee and analyze cost expenditures and purchases efficiently, in timely manner and quality standards as per the defined policies and procedures to achieve departmental operational plans and developments within wider scope.

Key Responsibilities:

• Monthly Coordination with production to finalize all actual activities & Closing orders
• Monthly Checking all actual data posted by production & make required adjustment if required.
• Monthly Processing period end closing & posting (WIP, Variances, Un-realizes cost, etc.)
• Monthly posting all costing entries & provisions.
• Monthly Checking & Analyzing for the result of period end closing.
• Monthly checking expenses & make adjustment if required
• Monthly Settlement for investment internal orders to AUC & Cost center
• Design and updating distribution cycle to allocate service & General cost center costs
• General Problem Solving For Costing Issues, Supervising, Supporting, etc.
• Preparing planned costing data with agreed plant activity
• Enter standard cost & standard plant activity in the system and calculate the rate.
• Maintain & Updating activities rate for production work centers
• Regularly Check & adjusting materials master.
• Regularly Check master data (BOM & Routing) & inform planning to make required adjustment.
• Material Costing run, to calculate planned cost.
• Maintain production orders overhead percentage.
• Upload overhead costs to production orders based on that maintained percentage.
• Regularly Analyzing cost for items & coordinating with planning for any correction
• Regularly Release the cost for related items.
• Analyze WIP & provide justification for major orders.
• Analyze Un-realized cost & provide justification for major orders
• Identify and analyzing production, purchasing, and inventory variances
• Controlling on actual time posted by comparing with routing & making proper reporting to management.
• Preparing master consumption report with proper adjustments
• Controlling on actual consumption & monitoring irregularities cost for material & reporting to management
• Monthly preparation of consumption & production masters.
• Monthly preparation of costing statement per product type.
• Prepares special costing reports
• Monitoring actual vs. budget & standard costing reports & variance analysis
• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.
• Solve any related problems arise and elevate any complex operational issues.
• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.
• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
• Comply to related policy and procedures and work instructions.
• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Experience Required:

4 to 6 Years

Education Qualifications:

Bachelor in Accounting and Finance

Skills Required:

• Cost Accounting
• Cost Accounting Best Practices
• Cost Accounting Systems
• Cost Analysis
• Ability to obtain updated soft and technical skills related to the job

Employment / Job Type:

Full Time

About the Company:

A Saudi company manufacturing electrical products and delivering engineering, procurement and construction services. Its work spans power distribution, renewable energy, industrial projects and building systems for clients across the Kingdom and beyond.

Company Industry:

Manufacturing

Department / Functional Area:

Finance

Closing Date:

Not mentioned (apply as soon as possible)