Senior Cost Accountant

confidential; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading manufacturing corporation located in Saudi Arabia is seeking a Senior Cost Accountant to enhance financial health and operational efficiency. This pivotal role involves analyzing costs, preparing budgets, and providing insights that drive profitability. The ideal candidate will possess strong analytical skills and a background in industrial cost accounting. Opportunities for mentorship and career progression within the company make this an exciting full-time position for those looking to advance their careers.

Benefits

Professional development opportunities

Career progression pathway

Qualifications

• Experience in cost accounting within manufacturing environments.
• Proficient in financial data analysis and reporting.
• Strong capability to work with cross-functional teams.

Responsibilities

• Prepare and analyze product cost reports for management.
• Develop and maintain cost accounting systems.
• Assist in the preparation of annual budgets.

Skills

Industrial & Manufacturing cost accounting background

Strong analytical skills to interpret financial data

Proficiency in cost accounting principles and practices

Excellent communication skills

Advanced Excel skills

Experience with accounting software and ERP systems

Ability to mentor and train junior staff

Strong problem-solving skills

Job description

The Senior Cost Accountant position offers a unique opportunity for experienced professionals to contribute to the financial health and operational efficiency of factory in the Sudair Region. This role is pivotal for strategic decision-making, as you will be responsible for analyzing costs, preparing budgets, and providing insights that drive profitability. Your expertise will not only enhance our financial reporting but also support various departments in achieving their performance goals.

In this role, you will work closely with cross-functional teams, fostering a collaborative environment that encourages innovation and continuous improvement. We believe in investing in our employees, providing them with opportunities for professional development and growth. As a Senior Cost Accountant, you will have the chance to mentor junior staff, sharing your knowledge and experiences to build a strong finance team that can adapt to the ever-changing market landscape.

The ideal candidate will possess a strategic mindset and a passion for numbers, enabling you to identify trends and areas for improvement. You will play a crucial role in shaping our financial strategies, ensuring that we remain competitive and profitable. With a focus on career progression, this position offers a clear pathway to leadership roles within the organization, making it an exciting opportunity for those looking to advance their careers.

Responsibilities

1. Prepare and analyze product cost, and cost reports, ensuring accuracy and providing insights that guide management in decision-making processes.
2. Develop and maintain cost accounting systems, ensuring compliance with regulatory requirements and internal policies.
3. Collaborate with various departments to gather data, analyze variances, and recommend cost‑saving measures that align with the company's financial goals.
4. Assist in the preparation of annual budgets, including forecasting and tracking expenses to ensure alignment with strategic objectives.
5. Conduct regular audits of inventory and production costs, identifying discrepancies and implementing corrective actions as necessary.
6. Provide training and mentorship to junior accounting staff, fostering a culture of learning and professional growth within the finance team.
7. Monitor and report on key performance indicators (KPIs) related to cost management, providing actionable insights to senior management.
8. Support the preparation of financial statements and reports, ensuring that all cost‑related data is accurately reflected in the organization's financial position.
9. Engage in continuous improvement initiatives, leveraging technology and best practices to enhance the efficiency of cost accounting processes.

Skills

• Industrial & Manufacturing cost accounting background.
• Strong analytical skills to interpret financial data and provide actionable insights.
• Proficiency in cost accounting principles and practices, ensuring accurate financial reporting.
• Excellent communication skills for effective collaboration with cross‑functional teams.
• Advanced Excel skills for data analysis and reporting purposes.
• Experience with accounting software and ERP systems to streamline financial processes.
• Ability to mentor and train junior staff, fostering a collaborative team environment.
• Strong problem‑solving skills to identify cost‑saving opportunities and drive efficiency.