Role Summary
The Cost Accountant will be responsible for managing and analysing cost information to support strategic decision-making, improve cost efficiency, and strengthen financial controls. The role requires strong hands-on experience with SAP (CO, FI, MM modules) and advanced skills in Power BI for data visualization and reporting.
Key Responsibilities
1. Costing & Financial Analysis
- Prepare and analyze product costing, standard costs, and variance analysis (material, labor, overhead).
- Support monthly/quarterly closing related to cost accounting.
- Perform WIP valuation, inventory cost reviews, and profitability analysis by product, customer, or business segment.
- Conduct cost simulations, forecasting, and budgeting exercises.
2. SAP Costing Operations
- Maintain and update costing master data in SAP
- Run cost roll-ups, cost estimates, and ensure accurate cost postings in SAP CO & FI.
- Review system errors, troubleshoot costing-related SAP issues, and coordinate with IT/SAP support teams.
- Ensure compliance with SAP financial controls and integration between CO-MM-FI modules.
3. Power BI Reporting & Data Visualization
- Build interactive Power BI dashboards for costing, budgeting, supply chain, and financial KPIs.
- Automate recurring cost reports and integrate data from SAP into Power BI.
- Provide insights through data modeling, trend analysis, and visualization for management decision-making.
4. Internal Controls & Process Improvement
- Strengthen and document cost accounting processes and SOPs.
- Identify opportunities for cost optimization and process improvements.
- Support internal/external audit requirements related to costing and inventory.
- Ensure compliance with company accounting policies and IFRS/GAAP standards where applicable.
5. Cross-functional Collaboration
- Work closely with Production, Supply Chain, Procurement, and Finance teams to ensure accurate cost data and operational visibility.
- Provide financial support for new product development, pricing, and cost-saving initiatives.
Required Qualifications & Skills
Education
- Bachelor's / Master's degree in Accounting, Finance, Cost Management or related field.
- ICMA/ACCA/CA finalist or part-qualified preferred.
Experience
- 4-6 years of professional experience in cost accounting, preferably in manufacturing or FMCG.
- Strong hands-on SAP experience (CO, FI, MM modules).
- Proven experience in developing Power BI models and dashboards.
Technical Skills
- Strong command of SAP CO (cost centers, internal orders, product costing).
- Solid understanding of inventory accounting, BOM/routing, and overhead allocation.
- Power BI expertise
- Advanced MS Excel skills.
- Good understanding of IFRS/GAAP costing standards.
Job Location
Head Office - Riyadh, KSA
