Strategic Costing Analyst – WIP & Variance Control

alfanar; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

alfanar is seeking a Costing Analyst to oversee Actual Costing, Standard Costing and Controlling analyses in our Riyadh region operations. The role coordinates monthly period-end closings, validates data from production, posts cost entries and conducts variance analyses to support management decisions.

Responsibilities include preparing planned costing data, updating standard costs, analyzing WIP, and delivering regular costing reports.

Responsibilities

• Monthly coordination with production to finalize all actual activities and closing orders
• Monthly checking data posted by production and making required adjustments
• Monthly processing period-end closing and posting (WIP, variances, un-realized cost)
• Monthly posting all costing entries and provisions
• Monthly checking and analyzing results of period-end closing
• Monthly checking expenses and making adjustments as required
• Monthly settlement for investment internal orders to AUC and cost center
• Design and updating distribution cycle to allocate service and general cost center costs
• General problem solving for costing issues, supervising, supporting
• Preparing planned costing data with agreed plant activity
• Enter standard cost and standard plant activity in the system and calculate the rate
• Maintain and updating activity rates for production work centers
• Regularly check and adjusting materials master
• Regularly check master data (BOM and Routing) and inform planning to adjust
• 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 and coordinating with planning for any correction
• Regularly release the cost for related items
• Analyze WIP and provide justification for major orders
• Analyze un-realized cost and provide justification for major orders
• Identify and analyzing production, purchasing, and inventory variances
• Controlling on actual time posted by comparing with routing and making proper reporting to management
• Preparing master consumption report with proper adjustments
• Controlling on actual consumption and monitoring irregularities cost for material and reporting to management
• Monthly preparation of consumption and production masters
• Monthly preparation of costing statement per product type
• Prepares special costing reports
• Monitoring actual vs. budget and standard costing reports and variance analysis
• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it
• 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 escape 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
• 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

Job description

alfanar is seeking a Costing Analyst to oversee Actual Costing, Standard Costing and Controlling analyses in our Riyadh region operations. The role coordinates monthly period-end closings, validates data from production, posts cost entries and conducts variance analyses to support management decisions.

Responsibilities include preparing planned costing data, updating standard costs, analyzing WIP, and delivering regular costing reports.