COST ACCOUNTANT

Posted Yesterday
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Dammam, SAU
In-Office
Mid level
Industrial • Manufacturing
The Role
Prepare and analyze cost accounting records, reconciliations, and monthly closings; report KPIs and financial results; estimate and control product and inventory costs, including landed cost for foreign POs; support pricing, profitability, and project metrics; lead inventory reviews and prepare journal entries and executive reports.
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

  • Cost accounting experience including standard vs actual cost analysis and per-unit costing
  • Experience preparing landed cost sheets for foreign purchase orders
  • Monthly close experience for cost accounting, including cost statements and journal entries
  • Inventory monitoring, reconciliation with general ledger, and inventory review leadership
  • Experience analyzing production costs, product design changes, and recommending cost efficiencies
  • Proficiency with ERP and related accounting systems
  • Ability to prepare financial and operational reports and analyze KPIs for leadership
  • Strong data analysis skills and ability to collect disparate data and prepare decision-support reports
  • Strong verbal and written communication skills
  • Project management skills: initiate, plan, execute, monitor, and close projects with metrics
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The Company

What We Do

Napco National is involved in Packaging & Consumer Disposables Manufacturing.

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