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

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Confidential Company

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