Costing & Budgeting Specialist

nextjobz; Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

Munshi HR Solutions Ltd. is seeking a Costing & Inventory Analyst to prepare cost sheets, track production costs, and monitor variances in a contracting role in Saudi Arabia.

You will collaborate with Production, Procurement, Store, and Finance to ensure accurate costing, inventory valuation, and periodic management reports that drive pricing and profitability decisions. Experience in accounting, costing analytics, and standard costing will help you produce reliable forecasts and budgets.

Qualifications

• 3–7 years of costing experience in accounting.
• Strong costing and budgeting skills with cost analysis.
• Familiarity with standard costing and cost accounting practices.
• Experience with inventory costing and variance analysis.

Responsibilities

• Prepare and maintain product/service cost sheets and update costing data regularly.
• Calculate material, labor, overhead, and total production costs accurately.
• Monitor actual costs against standard/budgeted costs and identify variances.
• Analyze cost variances and provide explanations and recommendations to management.
• Maintain proper records of inventory, raw materials, work-in-process, and finished goods.
• Support inventory valuation and conduct regular reconciliation between physical and accounting records.
• Prepare periodic cost reports and management reports highlighting cost trends and key findings.
• Assist in product pricing and profitability analysis based on cost and margin information.
• Coordinate with Production, Procurement, Store, and Finance teams to ensure accurate cost data.
• Support budgeting, forecasting, internal controls, and audit requirements related to costing and inventory.

Skills

costing

costing analysis

cost planning

standard costing

cost accounting

target costing

cost analysis

budgeting

Education

Accounting

Job description

Munshi HR Solutions Ltd. is seeking a Costing & Inventory Analyst to prepare cost sheets, track production costs, and monitor variances in a contracting role in Saudi Arabia.

You will collaborate with Production, Procurement, Store, and Finance to ensure accurate costing, inventory valuation, and periodic management reports that drive pricing and profitability decisions. Experience in accounting, costing analytics, and standard costing will help you produce reliable forecasts and budgets.