Costing Accountant

Job Purpose

This position exists to oversee and analyze cost expenditures and purchases efficiently, in a timely manner, and quality standards as per defined policies and procedures to achieve departmental operational plans and developments within wider scope.

• Monthly coordination with production to finalize all actual activities & closing orders
• Monthly checking all actual data posted by production & making required adjustments if needed
• Monthly processing period‑end closing & posting (WIP, variances, un‑realized cost, etc.)
• Monthly posting all costing entries & provisions
• Monthly checking & analyzing for the result of period‑end closing
• Monthly checking expenses & making adjustments if required
• Monthly settlement for investment internal orders to AUC & cost centre
• Design and update distribution cycle to allocate service & general cost centre costs
• General problem solving for costing issues, supervising, supporting, etc.

• Preparing planned costing data with agreed plant activity
• Enter standard cost & standard plant activity in the system and calculate the rate
• Maintain & update activities rate for production work centres
• Regularly check & adjust materials master
• Regularly check master data (BOM & routing) & inform planning to make required adjustments
• Material costing run, to calculate planned cost
• Maintain production orders overhead percentage
• Upload overhead costs to production orders based on that maintained percentage
• Regularly analyze cost for items & coordinate with planning for any correction
• Regularly release the cost for related items

• Analyze WIP & provide justification for major orders
• Analyze un‑realized cost & provide justification for major orders
• Identify and analyze production, purchasing, and inventory variances
• Control actual time posted by comparing with routing & make proper reporting to management
• Prepare master consumption report with proper adjustments
• Control actual consumption & monitor irregularities cost for material & report to management

• Monthly preparation of consumption & production masters
• Monthly preparation of costing statement per product type
• Preparation of special costing reports
• Monitoring actual vs. budget & standard costing reports & variance analysis
• Preparation of best estimation costing reports

• Ability to obtain updated soft and technical skills related to the job

• Perform planned activities to meet operational and development targets as per delivery schedules
• Utilize resources effectively to achieve objectives within efficient cost and time
• Provide periodic formatted reports detailing deviations and execution of planned tasks

• Solve any related problems that arise and escalate 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 automation opportunities as much as possible

• Comply with related policies 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

Bachelor’s Degree in Accounting and Finance or any relevant field

2 to 4 years

• Cost Accounting
• Cost Accounting Best Practices
• Cost Accounting Systems
• Cost Analysis
• Industrial Cost Analysis

Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.

The hub of Alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000‑square‑meter complex located in Riyadh. The complex houses an array of ultra‑modern manufacturing facilities and laboratories equipped with state‑of‑the‑art technologies and staffed with highly skilled professionals.

Alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, which Alfanar considers its most valuable asset. With this in mind, Alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of Alfanar.

For more information about Alfanar, please visit