Senior Cost Accountant

Job Summary

We are seeking a Senior Cost Accountant leads the company's cost accounting function across the group. The role is responsible for product costing, inventory valuation, variance analysis, and cost reporting that supports management decision-making and margin improvement. The Senior Cost Accountant partners with Operations, Supply Chain, and Finance leadership to drive cost efficiency and ensure accurate financial reporting.

Key Responsibilities:

• Lead the preparation and analysis of cost reports across all group entities, covering materials, labour, overheads, and finished goods.

• Develop, maintain, and annually roll forward standard costs, BOMs, and routings for manufacturing processes.

• Oversee product costing and ensure accurate allocation of costs to raw materials, work-in-progress, and finished goods.

• Review and validate standard cost updates periodically to ensure alignment with actual production and procurement conditions.

• Ensure proper inventory valuation and accurate Cost of Goods Sold (COGS) calculations across the group.

• Monitor and investigate cost variances (material, labour, overhead) and recommend corrective actions.

• Provide costing input to the annual budget and quarterly forecasts for COGS, inventory, and manufacturing overhead.

• Support internal and external audits by preparing schedules and documentation related to inventory and costing.

• Supervise and develop junior cost accounting staff; review their work and provide training on cost accounting principles.

• Ensure proper treatment and tracking of inventory provisions (e.g., slow-moving, obsolete stock).

Qualifications and Requirements:

• Bachelor's Degree in Accounting, Finance, or a related field.

• Professional certification such as CMA or ACCA is required.

• 7+ years of cost accounting experience, with at least 5 years in a manufacturing environment.

• Prior experience supervising or mentoring junior accountants.

• Strong knowledge of cost accounting principles, standard costing, variance analysis, and IFRS inventory valuation.

• Hands-on experience with ERP systems including costing modules.

• Strong analytical, problem-solving, and attention-to-detail skills.

• Excellent communication skills, with the ability to present cost analysis to non-finance stakeholders.

• Fluency in both English and Arabic (written and verbal).

• Ability to use AI tools to support cost analysis, data processing, and reporting is required.