Cost Accounting Specialist

Water Transmission and Technologies Company

Riyadh – HQ

Supervising cost control activities ensuring alignment with policies and procedures.

• Ensure work is performed based on approved policies, processes, procedures and instructions.
• Identify opportunities for continuous improvement of systems, processes and practices considering leading practices, cost reduction and productivity improvement.
• Escalate problems to ensure cases/issues are closed efficiently and in a timely manner.
• Coordinate with Corporate Finance to assess budget/forecast including spending risks/opportunities for decision‑making.
• Develop standard costing templates based on best practices and international benchmarks to facilitate data gathering from different sources.
• Design a cost structure to be used as a basis for pricing provided services.
• Perform cost benchmarking to provide accurate costing principles for departments.
• Review the process of reconciliation to ensure smooth operations in a timely manner.
• Monitor payments processing (payroll, supplier payments, etc.) ensuring timely processing.
• Review fixed assets accounting ensuring alignment to policies and procedures.
• Monitor the closing process and the preparation of monthly, quarterly and annual accounting statements and reports ensuring accuracy and timeliness.
• Apply a cost justification framework to support decisions about complex costs.
• Perform complex analysis and recommend the best solution to achieve most efficient cost‑cutting solutions.
• Provide input for the development of reports regarding operations, activities and achievements for reporting and decision‑making.

• Education:
  
  Bachelor’s degree in Accounting, Finance, or a related field.
• Experience:
  
  4–6 years of relevant experience.

• Corporate Finance
• General Accounting

• N/A

The above job description is meant to describe the general nature and level of work being performed; it is not intended to be constructed as an exhaustive list of all responsibilities, duties, and skills required for the position. Accordingly, there is no way this Job Description states or implies that these are the only duties to be performed by the employee in this position.

Employees will be required to follow any other job-related instructions and to perform other job-related duties.