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Cost Controller

4 hours ago

Riyadh, Ar Riyāḑ, Saudi Arabia Alkhorayef Water & Power Technologies (AWPT) Full time

Cost Accountant – Job Description

Job Summary

Detail-oriented Cost Accountant with 3 years of experience in analyzing financial data, preparing cost reports, developing cost-control systems, and supporting strategic decision-making. Skilled in cost allocation, budgeting, variance analysis, and improving financial accuracy to enhance operational efficiency and profitability.

Key Responsibilities

  • Collect, classify, and analyze cost information related to production, operations, and company activities.
  • Prepare monthly and quarterly cost reports, including cost summaries, variances, and financial performance insights.
  • Monitor cost centers and ensure accurate allocation of direct and indirect costs.
  • Conduct variance analysis between actual and budgeted costs and provide corrective action recommendations.
  • Support the development of annual budgets and financial forecasts based on historical data and operational needs.
  • Assist in pricing decisions by calculating product/service costs and evaluating profitability margins.
  • Review and reconcile inventory records, including raw materials, WIP, and finished goods.
  • Coordinate with procurement, production, and finance departments to ensure cost accuracy and consistency.
  • Participate in internal audits and ensure compliance with accounting policies and internal controls.
  • Maintain financial documentation and support management with actionable cost-saving insights.

Key Achievements

  • Improved cost accuracy by implementing standardized cost allocation methods.
  • Reduced operational expenses through identifying inefficiencies and recommending corrective measures.
  • Enhanced monthly closing time by streamlining cost reporting procedures.

Skills & Competencies

  • Cost Analysis & Cost Control
  • Budgeting & Forecasting
  • Standard Costing
  • Variance Analysis
  • Financial Reporting
  • Inventory & Stock Control
  • ERP Systems (SAP / Oracle / Odoo)
  • Advanced Excel (Pivot Tables, VLOOKUP, Power Query)
  • Strong Analytical & Problem-Solving Skills
  • Accuracy & Attention to Detail