Cost Accountant

Job in Riyadh, Riyadh Region, Saudi Arabia

Listing for: Confidential Company

Full Time position
Listed on 2026-05-31

Job specializations:

Finance & Banking
Financial Analyst, Financial Reporting, Accounting Manager
Accounting
Cost Accountant, Financial Analyst, Financial Reporting, Accounting Manager

Salary/Wage Range or Industry Benchmark: 150000 - 200000 SAR Yearly SAR 150000.00 200000.00 YEAR

Job Description

Cost Accountant –

Location:

Riyadh, Saudi Arabia – Industry: Building Materials, Manufacturing, Trading

Position Summary

The Cost Accountant will be responsible for monitoring, analysing and controlling product and operational costs in the building materials business. The role ensures accurate cost records, supports pricing decisions, and improves profitability through cost control and reporting.

Key Responsibilities

Costing & Inventory Control – prepare and maintain product cost sheets for building materials (cement, steel, aluminum, panels, etc.). Calculate standard cost, actual cost and variance analysis. Monitor raw material, labour and overhead costs. Review inventory valuation and stock movement. Conduct periodic stock reconciliation with warehouse.

Financial Analysis & Reporting – prepare monthly cost reports and profitability analysis. Analyse production and operational expenses. Identify cost‑saving opportunities and inefficiencies. Support budgeting and forecasting process. Prepare management reports on cost performance.

Budgeting & Cost Control – assist in preparing annual budgets. Monitor actual expenses versus budget. Implement cost control procedures. Review purchase and production costs.

Compliance & Coordination – ensure compliance with company policies and accounting standards. Coordinate with production, procurement and finance teams. Support internal and external audits. Maintain accurate financial and cost records.

Required Qualifications

Bachelor’s Degree in Accounting, Finance or Cost Accounting.
3–7 years experience as Cost Accountant, preferably in building materials manufacturing.
Strong knowledge of cost accounting principles.
Experience with ODDO ERP systems.
Good knowledge of Microsoft Excel.
Knowledge of VAT regulations in Saudi Arabia is an advantage.

Key Skills

Cost analysis and cost control.
Inventory and stock management.
Financial reporting.
Attention to detail.
Problem‑solving skills.
Communication and teamwork.
CMA/ACCA/CA qualification.
Experience in building materials or manufacturing industry in Saudi Arabia or GCC.
Experience handling large inventory and production cost.

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