Senior Accountant

4 weeks ago


الرياض, Saudi Arabia Blocks Group Full time

**Job Purpose**

Manage financial operations specific to the factory, including cost accounting, inventory management, and financial reporting, to ensure accurate tracking of production costs, compliance with accounting standards, and support for management decision-making.

**Accountabilities**
- Maintain cost accounting records to track and analyze production costs, including material, labor, and overhead expenses.
- Reconcile inventory accounts and ensure accurate valuation of raw materials, work-in-progress, and finished goods.
- Monitor factory expenditures and prepare variance analyses to identify deviations from budgets or forecasts.
- Support the preparation of monthly, quarterly, and annual financial statements for the factory.
- Assist in developing factory budgets and forecasts, providing accurate data to support strategic planning.
- Ensure compliance with tax regulations and oversee accurate filing of manufacturing-related tax returns.
- Collaborate with production teams to monitor operational efficiency and identify cost-saving opportunities.
- Conduct physical inventory counts periodically and resolve discrepancies to maintain accurate stock records.
- Prepare and present financial reports to factory management, highlighting key financial metrics and insights.
- Ensure adherence to internal controls and accounting policies specific to manufacturing operations.

**Role Requirements**

**Qualifications and Education Essential**:

- Bachelor’s degree in Accounting, Finance, or a related field.
- CPA, CMA, or equivalent professional certification (or working towards certification).

**Preferable**:

- Master’s degree in Accounting, Finance, or Industrial Management.

**Experience Essential**:

- 3-5 years of accounting experience, including cost accounting and financial reporting in a manufacturing environment.
- Familiarity with factory operations and financial processes.

**Preferable**:

- Experience with ERP systems used in manufacturing (e.g., SAP, Oracle, or Microsoft Dynamics).
- Exposure to managing multi-location manufacturing accounts.

**Training Essential**:

- Practical training in cost accounting standards and inventory valuation techniques.
- Training in manufacturing-focused accounting systems or ERP platforms.

**Preferable**:

- Advanced training in production planning and process improvement frameworks such as Lean or Six Sigma.

**Specialized Knowledge and Skills Essential**:

- Strong understanding of manufacturing cost structures, including overhead allocation.
- Advanced Excel skills for financial modeling, cost analysis, and reporting.
- Familiarity with inventory management principles and stock control.

**Preferable**:

- Knowledge of process automation tools for factory accounting tasks.
- Expertise in compliance with manufacturing-specific tax and regulatory requirements.

**Behavioral Competencies**
- Strong attention to detail and accuracy in cost tracking and reporting.
- Analytical mindset with problem-solving capabilities.
- Effective communication skills to collaborate with production and finance teams.
- Proactive and results-oriented approach to managing tasks.

**Technical Competencies**
- Proficiency in manufacturing ERP systems (e.g., SAP, Oracle, Microsoft Dynamics,Odoe).
- Advanced knowledge of cost accounting and financial analysis techniques.
- Familiarity with inventory control systems and processes.
- Competence in preparing tax filings and audit documentation for manufacturing operations.


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