Senior Accountant Costing and Inventory

AL-AYUNI; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading construction company in Riyadh is seeking an experienced Senior Cost Accountant. The role involves conducting detailed cost analysis, monitoring inventory, and preparing financial reports. An ideal candidate has a bachelor's degree in Accounting or Finance, a minimum of 5 years of relevant experience, and proficiency in ERP systems such as SAP or Oracle.

Qualifications

• Minimum 5 years of relevant experience in Senior Cost Accountant.
• Strong understanding of inventory management and cost allocation.
• Experience with financial reporting.

Responsibilities

• Perform detailed cost analysis of products and materials.
• Monitor and maintain inventory integrity and COGS.
• Prepare monthly and quarterly cost reports.

Skills

Attention to detail

Analytical skills

Problem-solving skills

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

ERP systems (e.g., SAP, Oracle, Microsoft Dynamics)

Microsoft Excel

Job description

Key Responsibilities:

1. Perform detailed cost analysis of products, materials, and processes to ensure accurate standard costing.

   
   

2. Monitor and maintain the integrity of inventory and cost of goods sold (COGS) in the financial system.

   
   

3. Review and analyze inventory transactions (receipts, transfers, adjustments, scrap, etc.) to ensure proper accounting treatment.

   
   

4. Prepare monthly and quarterly inventory and cost reports, including variance analysis and reconciliations.

   
   

5. Support monthly closing activities related to cost accounting, including journal entries and inventory adjustments.

   
   

6. Conduct periodic physical inventory counts and cycle counts, and reconcile with the general ledger.

   
   

7. Identify cost-saving opportunities and inefficiencies in the supply chain or manufacturing process.

   
   

8. Collaborate with supply chain, procurement, and production teams to align operational and financial data.

   
   

9. Assist in budgeting, forecasting, and cost estimation activities.

   
   

10. Ensure compliance with internal controls, accounting standards, and company policies related to inventory and costing.

    
    

11. Participate in audits and provide necessary costing and inventory documentation as needed.

    
    

Qualifications:

1. Bachelor’s degree in Accounting, Finance, or a related field.

   
   

2. Minimum 5 years of relevant experience in Senior Cost Accountant.

   
   

3. Strong understanding of inventory management, cost allocation, and financial reporting.

   
   

4. Experience with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics).

   
   

5. Proficient in Microsoft Excel and other financial analysis tools.

   
   

6. Attention to detail, strong analytical and problem-solving skills.

   
   

7. Ability to work under pressure and meet deadlines.