Cost Accountant & Inventory controller

Confidential Company

Employer Active

Posted on 12 May

Experience

5 - 8 Years

Monthly Salary

SAR 4,500 - 5,000 ($1,216 - $1,351)

Job Location

Riyadh - Saudi Arabia

Education

Master of Commerce(Commerce), Inst. of Cost & Works Accountants(Cost & Works Accountant)

Nationality

Indian, Saudi Arabian, Pakistani, Filipino

Gender

Male

Benefits

Accomodation, Annual Leaves As Per Labour Law, Medical Insurance, Visa

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

  • Analyze and interpret cost data, preparing reports to pinpoint areas of cost reduction and efficiency gains, providing actionable insights for management.
  • Oversee inventory valuation and control, ensuring accuracy in inventory records and implementing strategies to minimize obsolescence and shrinkage.
  • Conduct monthly, quarterly, and annual closing activities, including the preparation of journal entries, reconciliations, and financial statements related to cost accounting and inventory.
  • Develop and maintain standard costs for materials, labor, and overhead, and analyze variances to identify and address discrepancies.
  • Manage and reconcile inventory transactions, including receipts, issues, and adjustments, to maintain accurate inventory levels.
  • Participate in physical inventory counts and cycle counts, investigating and resolving any discrepancies found.
  • Collaborate with production, purchasing, and sales teams to gather data and provide costing information for decision-making.
  • Develop and implement inventory control procedures and policies, ensuring adherence to best practices and regulatory requirements.
  • Prepare cost analyses for new products, projects, or processes, providing valuable information for pricing decisions and profitability assessments.
  • Support internal and external audits, providing necessary documentation and explanations related to cost accounting and inventory.

Desired Candidate Profile

  • Possesses a Bachelor's degree in Accounting, Finance, or a related field; a Master's degree or professional certification (e.g., ACA, ACCA, CPA) is a plus.
  • Holds a minimum of 5 years of progressive experience in cost accounting, preferably within a manufacturing or production environment in Nigeria.
  • Demonstrates a strong understanding of Nigerian accounting principles (e.g., IFRS) and relevant tax regulations.
  • Exhibits proficiency in using accounting software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) to manage cost data.

Employment Type

    Full Time

Company Industry

  • Hotels
  • Hospitality

Department / Functional Area

  • Accounts
  • Taxation
  • Audit
  • Company Secretary

Keywords

  • Financial Analyst Costing
  • Cost Analysis
  • Financial Reporting
  • Accounting Supervisor Cost
  • Production Cost Analyst
  • Variance Analysis
  • Budget And Cost Accountant
  • Standard Costing
  • Inventory Control

Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information. We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at abuse@naukrigulf.com

Confidential Company

Similar Jobs

Accountant

Confidential Company

  • 1 - 5 Years
  • Dammam , Riyadh , Ras Tanura - Saudi Arabia

Senior Accountant

Hill City Real Estate L.L.C

  • 5 - 10 Years
  • Dubai - United Arab Emirates (UAE)

Senior Auditor / Senior Accountant / Accountant

Confidential Company

  • 6 - 12 Years
  • Doha , Al Khor , Rayyan - Qatar

Accountant

MODERN ARAB COMPANY FOR CONSTRUCTION WEST - L.L.C

  • 2 - 7 Years
  • Abu Dhabi - United Arab Emirates (UAE)

Accountant General

Dara Gulf

  • 1 - 6 Years
  • Riyadh - Saudi Arabia
View All