Cost Accountant
Confidential Company
5–10 years of experience
Job description
Job Description – Cost Accountant
Location: Riyadh, Saudi Arabia
Industry: Building Materials / Manufacturing / Trading
Position Summary
The Cost Accountant will be responsible for monitoring, analyzing, and controlling product and operational costs in the building materials business. The role ensures accurate cost records, supports pricing decisions, and improves profitability through cost control and reporting.
Key Responsibilities
1) Costing & Inventory Control
- Prepare and maintain product cost sheets for building materials (cement, steel, aluminum, panels, etc.)
- Calculate standard cost, actual cost, and variance analysis
- Monitor raw material, labor, and overhead costs
- Review inventory valuation and stock movement
- Conduct periodic stock reconciliation with warehouse
2) Financial Analysis & Reporting
- Prepare monthly cost reports and profitability analysis
- Analyze production and operational expenses
- Identify cost-saving opportunities and inefficiencies
- Support budgeting and forecasting process
- Prepare management reports on cost performance
3) Budgeting & Cost Control
- Assist in preparing annual budgets
- Monitor actual expenses vs budget
- Implement cost control procedures
- Review purchase and production costs
4) Compliance & Coordination
- Ensure compliance with company policies and accounting standards
- Coordinate with production, procurement, and finance teams
- Support internal and external audits
- Maintain accurate financial and cost records
Required Qualifications
- Bachelor’s Degree in Accounting, Finance, or Cost Accounting
- 3–7 years experience as Cost Accountant (preferably in building materials / manufacturing)
- Strong knowledge of cost accounting principles
- Experience with ODDO ERP systems
- Good knowledge of Microsoft Excel
- Knowledge of VAT regulations in Saudi Arabia is an advantage
Key Skills
Cost analysis and cost control
Inventory and stock management
Financial reporting
Attention to detail
Problem-solving skills
Communication and teamwork
CMA / ACCA / CA qualification
Experience in building materials or manufacturing industry in Saudi Arabia or GCC
Experience handling large inventory and production costin