Costing Accountant
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Key skills for this role
About the Role
Alfanar seeks a Costing Accountant to perform manufacturing cost accounting, inventory accounting, and cost analysis. The role involves recording manufacturing cost transactions, supporting product costing, analyzing variances, and preparing performance reports.
Key Skills for This Role
Responsibilities
- Record, review, and validate manufacturing cost transactions related to materials, labor, overheads, scrap, rework, and production orders.
- Support product costing activities including standard cost maintenance, BOM costing, routing cost validation, and cost roll up.
- Monitor cost allocation to production orders, cost centers, and manufacturing activities.
- Support monthly cost closing activities and ensure accurate cost reflection in financial records.
- Analyze material, labor, overhead, scrap, rework, and underutilization variances.
- Prepare regular reports on production cost, conversion cost, material cost, labor efficiency, overhead absorption, scrap, rework, and factory utilization.
Requirements
- Bachelor Degree in Accounting and Finance or any relevant field
- 2 to 4 years of work experience
- Knowledge of cost accounting best practices and systems
- Industrial cost analysis skills
Full Job Posting
Job Purpose
- To perform manufacturing cost accounting, inventory accounting, and cost analysis while ensuring accurate financial reporting and effective manufacturing cost control.
Key Accountability Areas
- Record, review, and validate manufacturing cost transactions related to materials, labor, overheads, scrap, rework, and production orders.
- Support product costing activities, including standard cost maintenance, BOM costing, routing cost validation, and cost roll up support.
- Monitor cost allocation to production orders, cost centers, and manufacturing activities.
- Support monthly cost closing activities and ensure accurate cost reflection in financial records.
- Support inventory valuation, material consumption analysis, and stock movement validation.
- Review material usage against BOM and highlight abnormal consumption, wastage, or variance.
- Support inventory reconciliations between system records, production reports, and physical stock.
- Assist in cycle counts, stock takes, inventory adjustments, and related variance investigation.
- Analyze material, labor, overhead, scrap, rework, and underutilization variances.
- Prepare variance reports by product, production line, cost center, and manufacturing area.
- Coordinate with production, planning, warehouse, and engineering teams to understand variance drivers.
- Highlight unusual cost movements and escalate risks to finance and factory management.
Qualifications
- Bachelor Degree in Accounting and Finance or Any relevant field
- 2 to 4 Years work experience
- Technical / Functional Competencies: Cost Accounting, Cost Accounting Best Practices, Cost Accounting Systems, Cost Analysis, Industrial Cost Analysis
Profile Description
- Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of low, medium, and high voltage electrical products, as well as conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital so
- The hub of alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square meter complex located in Riyadh.
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