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Accountant, Costing

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: Alfanar
Full Time position
Listed on 2026-07-11
Job specializations:
  • Accounting
    Cost Accountant, Financial Reporting
Salary/Wage Range or Industry Benchmark: 150000 - 190000 SAR Yearly SAR 150000.00 190000.00 YEAR
Job Description & How to Apply Below
Position: ACCOUNTANT, COSTING

To perform manufacturing cost accounting, inventory accounting, and cost analysis while ensuring accurate financial reporting and effective manufacturing cost control.

Key Accountability Areas

Manufacturing Cost Accounting:

  • Record, review, and validate manufacturing cost transactions related to materials, labor, overheads, scrap, rework, and production orders.
  • Support product costing activities, including standard cost maintenance, BOM costing, routing cost validation, and cost roll-up support.
  • Monitor cost allocation to production orders, cost centers, and manufacturing activities.
  • Support monthly cost closing activities and ensure accurate cost reflection in financial records.

Inventory & Material Cost Control:

  • Support inventory valuation, material consumption analysis, and stock movement validation.
  • Review material usage against BOM and highlight abnormal consumption, wastage, or variance.
  • Support inventory reconciliations between system records, production reports, and physical stock.
  • Assist in cycle counts, stock takes, inventory adjustments, and related variance investigation.

Production Variance Analysis:

  • Analyze material, labor, overhead, scrap, rework, and under utilization variances.
  • Prepare variance reports by product, production line, cost center, and manufacturing area.
  • Coordinate with production, planning, warehouse, and engineering teams to understand variance drivers.
  • Highlight unusual cost movements and elevate risks to finance and factory management.

Manufacturing Performance Reporting:

  • Prepare regular reports on production cost, conversion cost, material cost, labor efficiency, overhead absorption, scrap, rework, and factory utilization.
  • Support preparation of cost bridges, cost trend analysis, and manufacturing KPI dashboards.
  • Provide accurate financial inputs for factory performance reviews and management reporting.
  • Track actual manufacturing cost against budget, standard cost, and forecast.

Month-End Closing Support:

  • Support month-end and year-end closing activities related to manufacturing cost accounting.
  • Validate production order settlement, cost center postings, inventory movements, and accruals.
  • Prepare supporting schedules for manufacturing cost, inventory, and variance accounts.
  • Ensure closing tasks are completed accurately within tight reporting timelines.

Controls, Compliance & Audit Support:

  • Follow approved costing policies, internal controls, SOPs, and approval workflows.
  • Support internal and external audit requirements related to inventory, costing, and manufacturing expenses.
  • Maintain proper documentation for cost calculations, reconciliations, and variance explanations.
  • Identify control gaps in manufacturing cost recording and elevate for corrective action.
Role Accountability
  • Ability to obtain updated soft and technical skills related to the job.

Delivery:

  • 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.

Problem-Solving:

  • Solve any related problems arise and elevate any complex operational issues.

Quality:

  • Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

  • Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

  • Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

  • 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.
Academic Qualification

Bachelor Degree in Accounting and Finance or Any relevant field

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