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Cost Accountant

Description: 

Group overview:

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.

 

alfanar is involved in:

  • Electrical, Electromechanical and Civil Engineering Construction
  • Manufacturing and Marketing Electrical Construction Products
  • Allied Engineering Services

Our Main Divisions:

  • alfanar electric
  • alfanar Construction
  • alfanar Building Systems

alfanar electric

alfanar electric is the industrial arm of alfanar, manufacturing a variety of low, medium and high voltage electrical construction products.

alfanar electric operates industries in:

  • Riyadh and Jubail, Saudi Arabia
  • Dubai, UAE
  • London, UK

alfanar has a development and engineering center in Chennai, India.

Industrial Complex, Riyadh

The center of alfanar’s industrial activities is alfanar Industrial Complex situated in the Third Industrial Zone on Al-Kharj Road, Riyadh.

Spread across 700,000 square meters, the Complex houses alfanar’s facilities.

The Complex has a comprehensive infrastructure including a data and communication center as well as a commercial zone.

Job Purpose

As a Cost Accountant, your main responsibility will be to monitor, analyze, and manage operational costs, ensuring accuracy and efficiency within our organization. You will play a crucial role in budgeting, forecasting, and inventory management, while providing financial analysis and insights to support decision-making. Additionally, you will be involved in receivables management and process improvement initiatives to enhance efficiency and streamline accounting processes. Your expertise in costing, budgeting, SAP knowledge, and proficiency in Excel and PowerPoint will contribute to the overall success of our business unit. 

Functional Responsibilities

Cost Monitoring and Analysis:

  • Monitor and analyze site operational costs to ensure accuracy and efficiency. Identify cost-saving opportunities and recommend solutions to management.
  • Analyze variances between actual and budgeted costs and provide explanations for discrepancies.

Budgeting and Forecasting:

  • Assist in the preparation of annual budgets and forecasts for site operations.
  • Collaborate with cross-functional teams to gather relevant data and assumptions for budgeting purposes.
  • Monitor budget performance and provide regular updates to management.

Inventory Management:

  • Oversee inventory accounting processes, including valuation, reconciliation, and reporting.
  • Conduct periodic physical inventory counts and reconcile discrepancies.
  • Analyze inventory levels and make recommendations for optimization.

Financial Reporting:

  • Prepare monthly, quarterly, and annual financial reports for site operations.
    Provide financial analysis and insights to support decision-making.
  • Ensure compliance with accounting standards and company policies.

Receivables Management:

  • Collaborate with operations teams to resolve billing discrepancies and disputes.
  • Monitor accounts receivable aging and follow up on overdue invoices.
  • Process Improvement: Identify opportunities to streamline accounting processes and enhance efficiency.
  • Work closely with stakeholders to implement process improvements and best practices.
  • Drive initiatives to automate routine tasks and improve data accuracy.

Additional Requirements:

  • Willingness to relocate between different cities (Neom, Riyadh) as per Business Unit needs.
  • Acceptable for Saturday working as per BU Nature.

Academic Qualification

Bachelor Degree in Accounting and Finance

Work Experience

5 to 10 Years

Apply now »