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ACCOUNTANT, COSTING
full-time•Riyadh
About this role
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Job Purpose
Tracking, analyzing, and managing cost expenditures and purchases. Ensure that the company maintains profitability by accurately assessing the costs involved in business. Provide detailed reports for cost control and efficiency improvements.
Key Accountability Areas
Cost Calculation & Analysis:
- Develop, monitor, and update standard costs for materials, labor, and overhead.
- Analyze cost variances by comparing actual costs to standard costs and investigating discrepancies.
- Prepare detailed cost analysis reports to help management understand the financial performance of products or services.
Budgeting & Forecasting:
- Collaborate with the finance and operations teams to prepare annual budgets and forecasts for costs.
- Provide periodic cost forecasts and conduct variance analysis to ensure the organization stays within budgetary constraints.
Inventory Management:
- Monitor inventory levels and costs to ensure that inventory is accurately valued.
- Analyze inventory turnover and assess the impact of inventory management practices on overall cost performance.
Reporting:
- Generate periodic cost reports , providing detailed insight into cost behavior, profit margins, and areas for improvement.
- Present cost trends, make recommendations on cost control measures, and assist in pricing decisions based on cost data.
Internal Controls:
- Ensure that all cost-related processes adhere to company policies and financial regulations.
- Conduct internal audits to verify the accuracy and integrity of cost records and reports.
- Collaborate with the audit team to ensure that cost records comply with external regulations and audit standards.
Compliance & Documentation:
- Ensure all costing records and reports are well-documented, easily accessible, and compliant with relevant accounting standards.
- Assist in the preparation of year-end financial statements by providing cost-related information.
Role Accountability
HR Proficiency:
- 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 escalate 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
Work Experience
2 to 5 Years
Technical / Functional Competencies
Cost Accounting Best Practices
Cost Accounting Systems
Cost Analysis
What you'll do
- The accountant will track, analyze, and manage cost expenditures and purchases to ensure company profitability. They will prepare detailed reports for cost control and efficiency improvements.
About alfanar
DAR Engineering is a leading multidisciplinary consultancy firm providing design, architecture, engineering, project management, construction management and planning services across a broad range of sectors. We assist national governments, international organizations, and private sector companies by delivering comprehensive solutions with global expertise.
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Frequently Asked Questions
What does a ACCOUNTANT, COSTING do at alfanar?
As a ACCOUNTANT, COSTING at alfanar, you will: the accountant will track, analyze, and manage cost expenditures and purchases to ensure company profitability. They will prepare detailed reports for cost control and efficiency improvements..
Is the ACCOUNTANT, COSTING position at alfanar remote?
The ACCOUNTANT, COSTING position at alfanar is based in Riyadh, Riyadh Region, Saudi Arabia. Contact the company through Clera for specific work arrangement details.
How do I apply for the ACCOUNTANT, COSTING position at alfanar?
You can apply for the ACCOUNTANT, COSTING position at alfanardirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.