Costing & Inventory Manager

6 months ago


Riyadh, Saudi Arabia NicheHR Global Full time

**Job Information**:
Industry
- Manufacturing

City
- Riyadh

State/Province
- Ar Riyad

Country
- Saudi Arabia

Zip/Postal Code
- 11564

**Costing & Inventory Manager ( Riyadh, Saudi Arabia)**

We are Looking for a
**Costing & Inventory Manager**
***for one of our clients based in the Kingdom of Saudi Arabia (KSA).

**Title***:
***Costing & Inventory Manager

**Location***:
***Riyadh, KSA

**Experience***: 5-7 years of experience within the finance function, last 2 years of which being in a managerial role managing costing & inventory accounting. Experience in SAP is a must.

**Job Summary**:To control the company's inventory and maintain its accuracy, reporting, and presentation in line with the Company’s strategic direction and policy and procedures compliance and sharing on a timely basis reports for decision making by management.

**Reporting to**: Director of Accounting

**No. Of reports**:
***Specialist - Costing & Inventory / Accountant (2)

**Roles & Responsibilities**:
**1. Strategic Contribution**
- Execute the annual business plan and targets and comply with the strategic agenda of the accounting to deliver the company's vision and mission.
- Translate the strategy into operational business plans for the accounting and lead the performance and execution of those plans to achieve functional objectives and deliver the Company’s strategy.

**2. Budgeting **:Participate in the preparation of the functional budget and assess financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalized.

**3**.
**Accountability**:

- Provide management with reports specifying and comparing factors affecting the cost and profitability of products.
- Work with the Operations team to develop or better understand existing metrics and KPIs that influence financial performance.
- Review work order variances with the production team and assist in the annual budgeting process and month-end close of the general ledger.
- Work with an outside auditing firm during annual audits and analyses to report variances in work orders for manufacturing.
- Direct the development and implementation of accounting and operational procedures and processes.
- Analyse costs of materials, processes, and labor to determine opportunities and methods for the reduction of production and inventory costs.
- Analyse complex data and identify patterns, recommend actions, and measure outcomes.
- Develop and/or update accounting and operational process and procedures documentation around the inventory management and costing processes.
- Ensure proper update of Inventory costs in the system.
- Ensure that all General Ledger and Subledger and integrated inventory systems are reconciled.
- Ensure that accurate inventory aging with location is available to identify slow-moving, obsolete inventory.
- Ensure that inventory values comply with International Financial Reporting Standards requirements.
- Manage payroll discrepancies by collecting and analyzing information to ensure that all payments, accruals, discrepancies, and related transactions are treated in an appropriate manner.
- Manage the process of collecting, calculating, and issuing dividends to all the shareholders to ensure providing a timely, accurate, efficient, and effective dividend distribution to the employees

**Qualification, Experience & Skills**

**Qualification**:

- Bachelor’s Degree in Finance / Accounting or any related field
- Professional qualification like CPA or CMA will be preferred
- Legal qualification will be an added advantage.

**Experience**:5-7 years of experience within the finance function, last 2 years of which being in a managerial role managing costing & inventory accounting. Experience in SAP is mandatory.

**Skills**:

- SAP
- Microsoft Office
- Project Management
- Process improvement


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