37 Cost Accountant jobs in Saudi Arabia

Qualifications

1. Bachelor's degree in Accounting or Finance.
2. 5 years of experience in the manufacturing industry is preferred.
3. Analyze changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
4. Research material costs to ensure the accuracy of information in the company's accounting system.
5. Evaluate the Bill of Material (BOM) for each product.
6. Prepare budgeting reports for the company and each department.
7. Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
8. Examine costs to determine the most efficient methods.
9. Review standard and actual costs for inaccuracies.
10. Recommend cost efficiencies and initiate corrective actions to resolve cost discrepancies.
11. Participate in physical inventory counts to ensure the accuracy of inventory records.
12. Analyze and report profit margins internally.
13. Prepare monthly, quarterly, and annual cost forecasts.
14. Assist with monthly and year-end close processes, ensuring compliance with accounting standards.
15. Excellent in Microsoft Excel.

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Responsibilities:

1. Prepare monthly journal entries manually or by initiating electronic creation through our software program.
2. Review journal entries carefully for anomalies and inconsistencies.
3. Prepare monthly and quarterly accounting reports for management submission.
4. Conduct inventory reserve analysis quarterly and generate reports for senior management.
5. Assist the Staff Accountant in suggesting policy or procedural changes to increase cash flow.
6. Review depreciation rates, labor, and overhead costs; suggest policy improvements.
7. Classify costs accurately.
8. Generate and analyze PPV reports.
9. Establish and update standard costs as appropriate.
10. Maintain and review the general ledger; reconcile balance sheets.
11. Analyze raw material and supply costs; create cost-benefit analyses for vendor changes.

Language Skills:

• Arabic - Native / Mother Tongue
• English - Very Good

• Own a car.
• Have a valid driving license.

• Bachelor’s Degree in Accounting or related field.
• At least 3 years of experience in general or cost accounting.
• Familiarity with the medical industry preferred.
• Experience in a manufacturing warehouse or facility is a plus.

About The Company: (Details not provided)

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Job Description

Ensure accurate tracking, calculation, and analysis of production costs, enabling management to make data-driven decisions to increase operational efficiency and reduce waste.

Responsibilities

• Collect and record data related to raw material costs, direct labor, and manufacturing overhead.
• Prepare and review production cost reports on a regular basis.
• Analyze variances between actual and planned costs and recommend corrective actions.
• Monitor production orders and calculate the cost per unit produced.
• Participate in preparing cost budgeting and forecasting.
• Monitor resource utilization to minimize waste and improve efficiency.
• Prepare periodic reports showing cost indicators for senior management.
• Collaborate with production and warehouse departments to ensure accurate material and consumption data.
• Ensure compliance with approved accounting policies and procedures.

Qualifications

Education

• Bachelor’s degree in Accounting, Financial Management, or a related field.

Experience:

• Minimum 3 years of practical experience in cost accounting, preferably in an industrial environment.
• Good knowledge of ERP systems and accounting software.

Required Skills

• Familiarity with local and international accounting standards.
• Proficiency in using computers and spreadsheets (Excel) for data entry and analysis.
• Strong analytical skills and attention to detail.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Accounting/Auditing and Finance
• Industries Maritime Transportation

Jeddah, Makkah, Saudi Arabia 20 hours ago

Jeddah, Makkah, Saudi Arabia 19 hours ago

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Provide financial advice, support, and consultation to the assigned departments to ensure alignment with set financial plans and policies. Develop financial reports and analyses to identify financial impact and performance, supporting decision-making processes for the departments or business functions.

Accountabilities

• Lead financial evaluations for assigned departments’ projects, including developing and reviewing financial models, data, KPIs, and stakeholder alignment.
• Act as a financial partner to departments by providing support, financial knowledge, budgets, forecasts, and communicating business needs to the Finance division to ensure interdepartmental alignment.
• Issue periodic financial reports, reviewing actual progress against plans to assess financial performance.
• Perform financial analyses to identify deficiencies and areas for improvement to support decision-making.
• Follow up on decisions and corrective actions with stakeholders, assessing financial impacts.
• Collaborate with departments to develop, update, and document processes, procedures, and SOPs, ensuring standardization and financial compliance.
• Lead and participate in automating financial analysis reports with IT to enhance efficiency, timeliness, and accuracy.
• Serve as a key advisor to business units, providing strategic financial insights to aid decision-making.
• Drive finance team performance, ensuring alignment with business objectives and fostering a culture of continuous improvement.

Employee duties are not limited to these accountabilities; additional duties may be assigned.

Work Environment

• Indoors: 90%
• Outdoors: 10%
• Working Days: 5 days/week
• Days Off: 2 days/week
• Working Hours: 8:00 AM – 6:00 PM (including 1-hour break)

Job Requirements

Education

• BSc in Finance or Accounting

Experience

• 3+ years in a similar role (for MG), 5+ years (for SMG)

Computer Skills

• MS Office Suite

Languages

• English
• Arabic

Internal Job Title:Assistant Manager (Financial Analysis & Reporting)

Business: Lucy Switchgear Arabia

Job Reference No: 4165

Job Purpose

•To provide timely & accurate financial information and reports

•Payroll Administration & Management

•Assist the FM in all matters related to Compliance, Reporting and Audit

Job Dimensions

Number of Staff Supervised:Direct Reports:One

Key Accountabilities

Monthly, quarterly and annual closure and preparation of management reports and financial statements are undertaken in a timely manner to meet strict group reporting deadlines. - Timeliness and accuracy

In coordination with the FM preparation and analysis of periodic cash forecasts, exceptional reporting, inventory & general provisioning. - Timeliness and accuracy

Process the employee payroll on a monthly basis and posting the same to appropriate general ledger accounts. - Timeliness and accuracy

Analyzing the collated data and filing of periodic VAT return and in coordination with the FM liaising with the consultant wherever needed. - Timeliness, accuracy and compliance

Controller and custodian of company’s GL and chart of accounts - Accuracy & correctness

Collaborate with the FM in the detailing and data accumulation work for the preparation of monthly reporting, quarterly forecasts, annual budgets by extensive excel based analytical reporting including dashboards. - Timeliness and accuracy

Work alongside the FM for any ad-hoc deliverables to support both internal and external financial and analytical reporting requirements. - Timeliness and accuracy

Collaborate with the FM in managing the yearly statutory audit process by preparation of schedules and coordinating with the auditors for smooth completion of audit. - T imeliness and accuracy

Assist the FM in ensuring compliance with all legal and statutory requirements and the ongoing development and implementation of internal controls and procedures across the business. - Timeliness, accuracy and compliance

Collaborate with the FM in liaising with the AX team for any AX related requirements as and when the need arises. - Value Addition to the existing process

Managing and mentoring the accountants

Job Context

The position is responsible to:

•Participate as a finance stake holder for the business in cross functional teams.

•Work well with stakeholders as well as with a variety of people and personality types.

Minimum Qualifications and Knowledge:

Degree in recognized accounting qualification (ACCA / ACA / CMA)

Minimum Experience: 10 years in a similar role

Job-Specific Skills: Financial Acumen, Eye for Details, Tech Savvy, Decisiveness, Analytical Thinking, Manage Deadlines, Methodical Approach, Accuracy, Effective Verbal & Written Communication, Innovation & Creativity, Commercial Awareness, Planning & Organizing, Maintain High Degree of Confidentiality.

Behavioral Competencies: Integrity & Ethics, Self-Motivation, Teamworking, Agility & Adaptability, Cultural Intelligence, Engaging & Developing People, Interpersonal sensitivity

Does this sound interesting? We would love to hear from you. Our application process in quick and easy. Apply today!

Qiddiya Investment Company is seeking a strategic and experienced Senior Manager - Financial Analysis to join our finance team. This pivotal role involves providing in-depth financial insights and analysis to support decision-making and strategic planning across our innovative projects. You will lead financial modeling, forecasting, and performance analysis to ensure the financial health and success of Qiddiya's initiatives.

Key Responsibilities:

• Develop and maintain complex financial models for various projects and initiatives within Qiddiya.
• Conduct thorough financial analysis and provide insights on key performance metrics.
• Assist in the preparation of budgets, forecasts, and long-term financial plans.
• Work closely with project managers to understand financial implications of strategic decisions.
• Prepare and present detailed financial reports to stakeholders, including senior management.
• Identify trends, risks, and opportunities for improvement in financial performance.
• Support investment evaluation processes by assessing financial viability and potential returns.
• Lead the financial due diligence process for potential acquisitions or partnerships.
• Collaborate with other departments to ensure financial alignment with organizational goals.
• Mentor and develop junior financial analysts within the team.

· Bachelor's degree in Finance, Accounting, or a related field (Master's degree or professional certification such as CFA or CPA preferred).

· Minimum of 9 -12 years of relative experience in financial analysis, investment analysis, or corporate finance within a large organization.

· Proven experience in financial modeling and forecasting.

· Strong analytical and problem-solving skills with an ability to provide strategic insights.

· Excellent verbal and written communication skills, with the capacity to present complex financial information clearly.

· Proficiency in financial software and advanced Excel skills.

· Strong understanding of accounting principles and financial regulations.

· Ability to manage multiple projects and priorities in a fast-paced environment.

· Experience in the entertainment, tourism, or infrastructure sectors is desirable.

Offering a comprehensive compensation and benefits package.

Qiddiya Investment Company is seeking a strategic and experienced Senior Manager - Financial Analysis to join our finance team. This pivotal role involves providing in-depth financial insights and analysis to support decision-making and strategic planning across our innovative projects. You will lead financial modeling, forecasting, and performance analysis to ensure the financial health and success of Qiddiya's initiatives.

Key Responsibilities:

• Develop and maintain complex financial models for various projects and initiatives within Qiddiya.
• Conduct thorough financial analysis and provide insights on key performance metrics.
• Assist in the preparation of budgets, forecasts, and long-term financial plans.
• Work closely with project managers to understand financial implications of strategic decisions.
• Prepare and present detailed financial reports to stakeholders, including senior management.
• Identify trends, risks, and opportunities for improvement in financial performance.
• Support investment evaluation processes by assessing financial viability and potential returns.
• Lead the financial due diligence process for potential acquisitions or partnerships.
• Collaborate with other departments to ensure financial alignment with organizational goals.
• Mentor and develop junior financial analysts within the team.

· Bachelor's degree in Finance, Accounting, or a related field (Master's degree or professional certification such as CFA or CPA preferred).

· Minimum of 9 -12 years of relative experience in financial analysis, investment analysis, or corporate finance within a large organization.

· Proven experience in financial modeling and forecasting.

· Strong analytical and problem-solving skills with an ability to provide strategic insights.

· Excellent verbal and written communication skills, with the capacity to present complex financial information clearly.

· Proficiency in financial software and advanced Excel skills.

· Strong understanding of accounting principles and financial regulations.

· Ability to manage multiple projects and priorities in a fast-paced environment.

· Experience in the entertainment, tourism, or infrastructure sectors is desirable.

Offering a comprehensive compensation and benefits package.

INSPIRE | EXHILARATE | DELIGHT

For over seven decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories.

Every step at Chalhoub Group is taken to build a future where luxury dreams become reality — bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse — the Group’s innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally.

Chalhoub Group fosters a people-at-heart culture rooted in diversity, equity, and inclusion, and a workplace catalysed by forward thinking and future-proofing. Today, it brings together over 16,000 talented professionals across eight countries in the Middle East, with a presence in LATAM. Their collective efforts have earned the Group the Great Place to Work certification in several markets.

Sustainability is at the core of the Group’s strategy, guided by a clear commitment to people, partners, and the planet. Chalhoub Group is proud to be a member of the United Nations Global Compact, a signatory of the Women’s Empowerment Principles, and to have pledged to reach Net Zero by 2040.

What you'll be doing

• Develop trustworthy relationship with the Business Units to drive financial management and processes.
• Support operations in preparing P&L projection, analysis of financial viability of new investments and budget follow-up.
• Organize internal and external reporting; make constructive proposals and act as an internal consultancy to Managing Director, Finance Director and Business units’ Managers to monitor the business.
• Evaluate business proposals with complete analysis of economic impact on business Analyze financial information to produce forecasts of business, industry and economic conditions for use in making decisions.
• Assist in developing Financial Strategic Planning such as the 3-Y Plan Review purchase cycle and analyze the Cash Flow and stock position on regular basis to provide corrective actions if necessary.
• Prepare variance analysis and recommendations on monthly financial figures from business units compared to budget and last year and issue reports as required by the management.
• Follow up and control the capital expenditure budgets allocated to the business unit.
• Monitor the cost structure of the companies’ business units and prepare business profitability analysis.
• Arrange, observe and control the P&L, balance sheet and recommend action.
• Provide Internal Control and ensure compliance with all Group Policies and Procedures Prepare and monitor the performance of internal rate of return (IRR) studies for proposed outlets and new products.
• Prepare the Monthly dashboard, budget revisions and close follow up on: collections, payables, stock, sales and net margin. challenge assumptions and propose revisions.
• Drive month end closing by analyzing trial balances, researching general ledger activity and variances to budget and prior year.
• Develop and improve processes related to expenditure, appropriate financial methods to beer evaluate and measure performance
• Provide analytical support as required to various cross-function initiative and ad hoc projects (e.g. preparing business plans, study of the cash flow and P&L)
• Instigate and participate in all process improvement initiative related to the Business Unit
• Participate in relevant projects and community activities as and when needed
• Monitoring and managing the organization’s bank relationships and liquidity management
• Forecasting of medium and long- term funding and hedging requirements Daily cash management
• Debt facilities management

What you’ll need to succeed

• Master/BA in Finance.
• Minimum of 8-10 years' experience in Financial Planning positions of increasing responsibility.
• Excellent analytical skills with demonstrated experience with financial statement analysis, financial metrics.
• Advanced knowledge of Microsoft Office, primarily Excel and Dashboard.
• Proven track record of demonstrating intellectual curiosity, problem solving, business acumen and enthusiasm.
• Excellent communication and organizational skills. Proven ability to collaborate across teams, functions and departments.
• Ability to work well with a team and also thrive independently.
• Attention to accuracy and detail required

What we can offer you

With us,you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.

We recognise the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employeediscounts.

We Invite All Applicants to Apply

It Takes Diversity Of Thought, Culture, Background, Differing Abilities and Perspectives to truly Inspire, Exhilarate and Delight our customers. At Chalhoub Group, we are committed to inclusion and diversity.

We welcome all applicants to apply and be part of our exciting future. We ensure equal opportunity for all our applicants without regard to gender, age, race, religion, national origin or disability status.

Assist in the preparation of financial forecasts, budgets, and long-term plans.

Conduct financial modeling and analysis to support investment decisions and evaluate capital projects.

Collaborate with cross-functional teams, providing financial insights and guidance to improve profitability and

performance.

Prepare monthly, quarterly, and annual financial reports, highlighting key findings, trends, and recommendations.

Monitor key financial indicators and performance metrics and provide ongoing analysis to identify areas for

improvement.

Support the development and implementation of financial policies, procedures, and systems.

Assist with risk assessment and management, ensuring compliance with regulatory requirements and industry

best practices.

Support the preparation of monthly, quarterly, and annual financial forecasts.

Prepare comprehensive financial reports and presentations for management and stakeholders.

Conduct variance analysis and identify key drivers of financial performance.

Collaborate with cross-functional teams to understand business drivers and support financial planning initiatives.

Provide financial insights and analysis to support decision-making across departments.

Build strong relationships with stakeholders to ensure alignment of financial plans with organizational goals.

Identify opportunities to streamline financial processes and improve efficiency.

Participate in initiatives to enhance financial planning tools, systems, and reporting

Education Bachelor's degree in business, finance, or a related field.

Experience 0-3 years of experience in revenue management, pricing analytics, or a similar role, preferably within the hospitality

and entertainment sectors

Skills

Proficiency in data analysis tools such as Excel, SQL and Tableau is a plus.

Strong analytical and problem-solving skills.

Excellent communication and presentation skills.

Ability to work independently and collaboratively in a fast-paced environment.

Detail-oriented and highly organized, with the ability to manage multiple priorities effectively.

Languages: Fluent in English and Arabic.

Core

Competencies

Self-Actualization & Fulfilment: Proficiency Level – ADVANCED

Team Synergy & Development: Proficiency Level - ADVANCED

Entrepreneurial Mindset & Drive: Proficiency Level - ADVANCED

Business Acumen & Diligence: Proficiency Level - ADVANCED