Cost Accounting Manager
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Key skills for this role
About the Role
Lead project cost accounting for telecom and EPC projects, ensuring accurate financial reporting, budgeting, and compliance with IFRS and Saudi regulations.
Key Skills for This Role
Responsibilities
- Lead the project cost accounting function across multiple telecom infrastructure and EPC projects
- Manage the 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
- 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
- Support project budgeting, forecasting, CAPEX planning, and cash flow forecasting
- Develop and enhance project costing models, reporting dashboards, and financial analysis tools
- Lead, mentor, and develop the Cost Accounting team
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 the complete project cost accounting lifecycle
- Strong hands on experience with ERP systems (Microsoft Dynamics, SAP, Oracle, or similar)
- Advanced Microsoft Excel skills
Full Job Posting
Job Overview
- The Cost Accounting Manager will lead the project cost accounting function, ensuring accurate cost allocation, project profitability analysis, budgeting, and financial reporting across telecom infrastructure and EPC projects.
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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