COST ACCOUNTANT

Posted Yesterday
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Dammam, SAU
In-Office
Entry level
Industrial • Manufacturing
The Role
Prepare and analyze product and production costs, monitor inventory and reconcile with the general ledger, perform monthly cost accounting closings and journal entries, develop management reports and KPIs, recommend cost efficiencies, prepare landed cost for foreign POs, manage insurance files, perform quarantine provisions, and lead inventory review and project management activities.
Summary Generated by Built In

ACQUIRED COMPETENCIES BASED ON JOB ROLE:

• Ability to understand the NFP business environment, objectives, and apply internal policies and procedures effectively
• Strong communication skills with the ability to deliver information clearly, concisely, and effectively both verbally and in writing
• Ability to monitor, collect, and analyze data from multiple sources and prepare accurate reports to support decision-making across NFP
• Proficiency in using both national and foreign languages, spoken and written
• Strong organizational and planning skills to manage work and project activities efficiently and achieve short- and long-term objectives
• Ability to effectively use standard equipment, office automation systems, software, and related accounting systems and ERP
• Skilled in gathering and analyzing data, responding to complex situations, and developing innovative solutions that add value to NFP

• Reporting and analyzing operational metrics and KPIs (Key Performance Indicators)
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs
• Analyzes actual production costs and prepares periodic reports comparing standard costs to actual costs
• Records cost information for use in controlling expenditures
• Prepares estimates of new and proposed product or service costs
• Recommends cost efficiencies in new product layouts
• Apportions costs between units of production and management
• Consolidates cost of manufacturing for payroll and distribution of inventory accounts
• Determines per-unit cost through cost accounting methods
• Prepares costing sheets (landed cost) for Foreign Purchase Orders

• Manages insurance files (PAR) and related monthly declarations
• Reviews costs and takes corrective actions to ensure profitability
• Analyzes overall plant efficiency, effectiveness, and utilization
• Performs monthly closing activities related to cost accounting, including cost statements and analysis
• Monitors inventory transactions and reconciles accounts with the general ledger
• Prepares monthly journal entries as required
• Leads and manages inventory review processes

• Develops monthly financial and operational reports for executive leadership
• Provides management with insights on pricing and profitability factors
• Analyzes financial results to support strategic decision-making
• Performs provision and analysis for quarantine items (inventory and capex)
• Initiates, plans, executes, monitors, and closes projects effectively
• Develops and implements project metrics and measurement systems


Skills Required

  • Understanding of NFP business environment, objectives, and internal policies
  • Strong verbal and written communication skills
  • Ability to monitor, collect, analyze data from multiple sources and prepare accurate reports
  • Proficiency in national and foreign languages (spoken and written)
  • Strong organizational and planning skills for managing work and projects
  • Proficiency using office automation systems, accounting systems, and ERP
  • Experience reporting and analyzing operational metrics and KPIs
  • Cost accounting experience: analyze product design/raw material/manufacturing changes and their cost effects
  • Prepare and analyze production costs; compare standard costs to actual costs
  • Prepare estimates for new/proposed product or service costs and costing sheets (landed cost) for foreign POs
  • Monitor inventory transactions, reconcile inventory accounts with the general ledger, and lead inventory reviews
  • Perform monthly closing activities related to cost accounting and prepare required journal entries
  • Analyze plant efficiency, utilization, and profitability; recommend corrective actions
  • Manage insurance files and monthly declarations
  • Provide pricing and profitability insights and develop financial and operational reports for leadership
  • Provision and analysis for quarantine items (inventory and capex)
  • Project management skills: initiate, plan, execute, monitor, and close projects and develop project metrics
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The Company

What We Do

Napco National is involved in Packaging & Consumer Disposables Manufacturing.

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