Assistant Manager, Cost Accounting (Saudi Arabia) Riyadh

Requirements

A bachelor’s degree in Finance, Accounting, or an equivalent field is required. At least five years of relevant experience is required.

Job Summary

Job Purpose:
This role is responsible for leading and supporting cost accounting, inventory valuation, and manufacturing finance activities to ensure accurate product costing, inventory accounting, and financial reporting. Th is role supports cost analysis, variance reporting, budgeting activities, and continuous improvement initiatives while providing financial insights to support operational and business performance.
 
Key Responsibilities:

 Lead the maintenance of product cost structures, Bills of Materials (BOMs), routings, and standard costing data to support accurate product costing and financial reporting.
Support product costing activities, cost estimates, and business case evaluations for new products and manufacturing changes.
 Execute and review standard costing, cost roll-ups, inventory valuation, and actual costing activities, ensuring accuracy and compliance with established procedures.
 Analyse material, labour, overhead, and manufacturing variances, identifying trends, risks, and opportunities for cost improvement.
 Coordinate inventory accounting activities, including inventory reconciliations, provision assessments, cycle count reviews, and inventory performance analysis.
Support month-end and year-end closing activities, including journal entries, account reconciliations, variance analysis, and costing reports.
Prepare and review cost, inventory, margin, and profitability analyses to support management decision making and operational improvements.
Ensure compliance with IFRS, accounting policies, internal controls, and company procedures related to costing and inventory accounting. 
Support ERP system enhancements, finance transformation initiatives, and continuous improvement activities related to costing and manufacturing finance processes. 
Collaborate with Manufacturing, Supply Chain, Procurement, Engineering, and Program Management teams to support operational and financial objectives. 

 
Job Requirements:
Education

Bachelor’s Degree in Finance, Accounting or equivalent.

 
Experience

5 years minimum in a relevant field.

Responsibilities

Lead product costing, standard costing, inventory valuation, and manufacturing finance activities, ensuring accurate accounting and financial reporting. Analyze costs and variances, support closing and budgeting, maintain compliance, and collaborate across operational teams to improve business performance.

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