Cost Accountant | Electric

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.

alfanar
is involved in:

• Electrical, Electromechanical and Civil Engineering Construction
• Manufacturing and Marketing Electrical Construction Products

Our Main Divisions:

alfanar electric is the industrial arm of alfanar, manufacturing a variety of low, medium and high voltage electrical construction products.

alfanar electric operates industries in:

• Riyadh and Jubail, Saudi Arabia
• Dubai, UAE
• London, UK

alfanar has a development and engineering center in Chennai, India.

The center of alfanar’s industrial activities is alfanar Industrial Complex situated in the Third Industrial Zone on Al-Kharj Road, Riyadh.

Spread across 700,000 square meters, the Complex houses alfanar’s facilities.

The Complex has a comprehensive infrastructure including a data and communication center as well as a commercial zone.

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

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.

• Ability to obtain updated soft and…