Cost Accounting Manager - EPC Telecommunication Company | Saudi Arabia
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Key skills for this role
About the Role
A leading Saudi holding company seeks a Cost Accounting Manager to lead project cost accounting for large-scale EPC telecom infrastructure projects. The role involves cost allocation, profitability analysis, budgeting, and financial reporting.
Key Skills for This Role
Responsibilities
- Lead the project cost accounting function across multiple telecom infrastructure and EPC projects.
- Manage complete project cost accounting lifecycle from setup to close out.
- Monitor project budgets, actual costs, commitments, and cost variances.
- Prepare weekly, monthly, and executive project cost reports highlighting financial performance and risks.
- Perform project profitability analysis, gross margin analysis, and cost to complete forecasting.
- Coordinate with Project Managers, Procurement, Engineering, and Finance teams.
- Ensure proper allocation of direct and indirect project costs in accordance with IFRS.
- Review project contracts and support revenue recognition, WIP, accrued costs, and billing.
- Support project budgeting, forecasting, CAPEX planning, and cash flow forecasting.
- Monitor subcontractor costs, purchase orders, variations, change orders, and commitments.
- Develop and enhance project costing models, reporting dashboards, and financial analysis tools.
- Ensure compliance with company policies, internal controls, IFRS, and Saudi regulatory requirements.
Requirements
- Bachelor's degree in Accounting, Finance, or related field
- Professional certification such as CPA, CMA, ACCA, SOCPA, or equivalent
- Minimum 8 years of progressive experience in Cost Accounting, Project Accounting, or Project Finance
- Strong experience within telecom, EPC, infrastructure, engineering, construction, or project based organizations
- Proven experience managing complete project cost accounting lifecycle
- Strong expertise in project budgeting, forecasting, cost control, WIP, revenue recognition, and project profitability analysis
- Experience preparing executive level project cost reports and dashboards
- Solid understanding of IFRS and project accounting principles
- Strong hands on experience with ERP systems (Microsoft Dynamics, SAP, Oracle, or similar)
- Advanced Microsoft Excel skills including financial modeling, Power Query, PivotTables
- Strong analytical, problem solving, and business partnering capabilities
- Excellent communication and stakeholder management skills
Full Job Posting
Job Overview
- Join a leading Saudi holding company driving large scale EPC telecom infrastructure projects across the Kingdom.
- The Cost Accounting Manager will lead the project cost accounting function, ensuring accurate cost allocation, project profitability analysis, budgeting, and financial reporting.
- The role requires a hands on finance professional with strong expertise in project cost control from project initiation through final close out.
Key Accountabilities
- Lead the project cost accounting function across multiple telecom infrastructure and EPC projects.
- Manage the complete project cost accounting lifecycle from project setup, budget allocation, cost accumulation, monitoring, forecasting, project close out, and final financial reconciliation.
- Monitor project budgets, actual costs, commitments, and cost variances, ensuring accurate financial tracking throughout the project lifecycle.
- Prepare weekly, monthly, and executive project cost reports, highlighting financial performance, cost overruns, risks, and corrective actions.
- Perform project profitability analysis, gross margin analysis, and cost to complete (CTC) forecasting.
- Coordinate with Project Managers, Procurement, Engineering, and Finance teams to ensure accurate cost capture and project financial performance.
- Ensure proper allocation of direct and indirect project costs in accordance with accounting policies and IFRS requirements.
- Review project contracts and support revenue recognition, Work in Progress (WIP), accrued costs, and project billing activities.
- Support project budgeting, forecasting, CAPEX planning, and cash flow forecasting for ongoing projects.
- Monitor subcontractor costs, purchase orders, variations, change orders, and project commitments.
- Develop and enhance project costing models, reporting dashboards, and financial analysis tools to improve decision making.
- Ensure compliance with company policies, internal controls, IFRS, and Saudi regulatory requirements, including ZATCA related financial compliance where applicable.
Knowledge, Skills, And Experience
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification such as CPA, CMA, ACCA, SOCPA, or equivalent is highly preferred.
- Minimum 8 years of progressive experience in Cost Accounting, Project Accounting, or Project Finance.
- Strong experience within telecom, EPC, infrastructure, engineering, construction, or project based organizations.
- Proven experience managing the complete project cost accounting lifecycle from project initiation through final project delivery and close out.
- Strong expertise in project budgeting, forecasting, cost control, WIP, revenue recognition, and project profitability analysis.
- Experience preparing executive level project cost reports, financial dashboards, and variance analysis.
- Solid understanding of IFRS, project accounting principles, and financial reporting standards.
- Experience with Saudi financial regulations and ZATCA requirements is preferred.
- Strong hands on experience with ERP systems, preferably Microsoft Dynamics, SAP, Oracle, or similar ERP platforms.
- Advanced Microsoft Excel skills, including financial modeling, Power Query, PivotTables, and reporting automation.
- Strong analytical, problem solving, and business partnering capabilities.
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