98 Cost Analyst jobs in Saudi Arabia

One of JobIn Clients is
Seeking a detail-oriented and analytical Cost Analysis Specialist to join our finance team. This role is key in evaluating project and operational costs, identifying areas for efficiency, and supporting management in financial decision-making. The ideal candidate should be skilled in data analysis, financial modeling, and cost optimization with strong business acumen.

Key Responsibilities:

• Analyze cost structures, financial data, and budgets to identify trends and variances.

• Prepare detailed cost reports, forecasts, and profitability analysis.

• Collaborate with procurement, operations, and project teams to monitor cost drivers.

• Conduct break-even, margin, and variance analysis for projects and operations.

• Support pricing strategies and business case development through accurate cost modeling.

• Recommend cost-saving measures and process improvements.

• Ensure compliance with internal policies and financial regulations.

• Assist in the preparation of management reports and presentations

Skills

• Strong knowledge of cost accounting principles and financial analysis techniques.
• Advanced Excel and financial modeling skills; experience with ERP systems (SAP, Oracle, etc.) is an advantage.
• 3–5 years of experience in cost analysis, financial analysis, or management accounting
• High attention to detail and organizational skills.
• Familiarity with data visualization tools (Power BI, Tableau) is a plus.
• Ability to communicate complex financial information clearly to non-financial stakeholders.

Key Responsibilities:

1. Budgeting and Cost Control:

Develop and maintain standard costing models, including the allocation of direct and indirect costs (labor, materials, overhead), and regularly update them based on operational and market changes.

Perform variance analysis (standard vs. actual costs), investigate significant deviations, and prepare root-cause reports with actionable recommendations to management.

Analyze product and process costs to find areas where we can reduce expenses.

Work closely with the Production team and have direct exposure to production operations .

Recommend cost-saving initiatives and assist with their implementation.

Develop, manage, and monitor annual budgets across departments.

Prepare regular financial reports comparing budgeted costs to actual expenditures.

Identify and analyze cost variances and recommend corrective actions.

Monitor cost-reduction initiatives and track savings.

Collaborate with department heads to align financial planning with business objectives.

Use financial models and forecasting tools to support decision-making.

Maintain detailed cost records by category (e.g., labor, materials, overhead).

Identify cost overruns and recommend corrective actions.

Assist in cost evaluation of vendor quotations and contract proposals.

Track and report actual expenditures against budgeted amounts.

Support strategic decision-making with cost forecasts and financial modeling.

Support management with data-driven insights to improve operational efficiency.

Ensure compliance with internal financial procedures and controls.

1. Inventory Management Support:

Monitor and track inventory levels, movements, and consumption patterns.

Coordinate with warehouse and procurement teams to ensure accurate inventory reporting.

Perform regular inventory costing and valuation in line with accounting standards.

Analyze inventory usage and turnover to identify slow-moving or obsolete items.

Assist in periodic physical inventory counts and reconciliation.

Support implementation and maintenance of inventory control systems (manual or ERP-based).

Ensure alignment between physical stock and recorded inventory values in the system.

1. Reporting and Analysis:

Prepare monthly and quarterly reports covering budget status, cost trends, and inventory valuation.

Provide management with actionable insights based on financial and operational data.

Key Skills:

Planning, budgeting, and management reporting

Cost and inventory control

Communication and reporting

Financial and management accounting

Knowledge of SAP is a preferable

Strategic thinking

Problem-solving

Qualifications & Experience:

Bachelor's degree in Finance, Accounting, Economics, or related field.

Professional certification such as CMA, or equivalent (preferred).

3–5 years of relevant experience in budgeting, forecasting, and cost control.

Strong knowledge of financial analysis and modeling techniques.

Experience with ERP systems, SAP is a plus.

Advanced Excel and data analysis skills.

Excellent attention to detail and analytical mindset.

Company Description
Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver the world's most impactful projects and programmes as we turn challenge into opportunity and complexity into success.

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.

We are majority-owned by CBRE Group, Inc., the world's largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.

Please visit our website:

Job Description
We have an exciting opportunity for an experienced Financial / Cost Analyst to join our Infrastructure team in Riyadh.

The Ideal Candidate Should

• Understand capex budgets, how cost data is structured and managed.
• Understand drawdown of cost against budgets and how to reconcile spend against the budget.
• Understand annual spend profiles and define annual budgets and reconcile against master budget and IMS.
• Understand capex and opex cost profiles.
• Understand basis of construction rates.
• Create cost rates database. Analysis of rates to understand the median, high/ low rates, identifier outliers etc. Identify trends in cost including CPI forecasts, inflation modelling etc.

Qualifications

• Bachelors degree in Construction, Finance, Business, Accounting, or related field.
• Experience with cost analysis, budgets, and forecasts.
• Excellent oral and written communication skills.
• Strong communication and interpersonal skills; results oriented; able to work autonomously and in a team environment.

Additional Information
Join our social media conversations for more information about Turner & Townsend and our exciting future projects:

Twitter

Instagram

LinkedIn

It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.
Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.
Join our social media conversations for more information about Turner & Townsend and our exciting future projects:

Twitter

Instagram

LinkedIn

It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.
Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver the world's most impactful projects and programmes as we turn challenge into opportunity and complexity into success.

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.

We are majority-owned by CBRE Group, Inc., the world's largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.

Please visit our website:

Job Description

We have an exciting opportunity for an experienced Financial / Cost Analyst to join our Infrastructure team in Riyadh.

The ideal candidate should:

• Understand capex budgets, how cost data is structured and managed.
• Understand drawdown of cost against budgets and how to reconcile spend against the budget.
• Understand annual spend profiles and define annual budgets and reconcile against master budget and IMS.
• Understand capex and opex cost profiles.
• Understand basis of construction rates.
• Create cost rates database. Analysis of rates to understand the median, high/ low rates, identifier outliers etc. Identify trends in cost including CPI forecasts, inflation modelling etc.

Qualifications

• Bachelors degree in Construction, Finance, Business, Accounting, or related field.
• Experience with cost analysis, budgets, and forecasts.
• Excellent oral and written communication skills.
• Strong communication and interpersonal skills; results oriented; able to work autonomously and in a team environment.

Additional Information

Join our social media conversations for more information about Turner & Townsend and our exciting future projects:

Twitter

Instagram

LinkedIn

It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.

Join our social media conversations for more information about Turner & Townsend and our exciting future projects:

Twitter

Instagram

LinkedIn

It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.

About Mozn
Mozn is a rapidly growing technology firm revolutionising the field of Artificial Intelligence and Data Science headquartered in Riyadh, Saudi Arabia and it's working to realise Vision 2030 with a proven track record of excellence in supporting and growing the tech ecosystem in Saudi Arabia and the GCC region. Mozn is the trusted AI technology partner for some of the largest government organizations, as well as many large corporations and startups.

We are in an exciting stage of scaling the company to provide AI-powered products and solutions both locally and globally that ensure the growth and prosperity of our digital humanity. It is an exciting time to work in the field of AI to create a long-lasting impact.

About The Role
We are looking for an
*FP&A Analyst – SOCPA Registered
to join our Finance team. In this role, you will combine a strong accounting foundation with forward-looking financial analysis. You will play a key part in
budgeting, forecasting, variance analysis, and performance tracking
, while also providing insights that support
data-driven strategic decisions *
.

As part of a fast-growing AI company in Saudi Arabia, you will work closely with business leaders and cross-functional teams to deliver financial intelligence that drives growth and efficiency. This position is ideal for a SOCPA-registered professional who wants to
*leverage their accounting expertise while growing into a more analytical, business-partnering capacity *
.

What You'll Do

• Work closely with cross-functional teams, including accounting, operations, and sales, to gather relevant data and insights.
• Provide financial analysis and support for special projects and initiatives as requested by senior manage-ment.
• Manage and control the internal approval process for both budget submissions and actual consumption within the FP&A team, ensuring full alignment with budget limits before requests are escalated to the pro-curement team.
• Ensure adherence to budgetary guidelines and company policies.
• Engage in the annual budgeting process, collaborating with various departments to set realistic financial targets.
• Engage in the preparation of the detailed budget documentation and facilitate budget presentations to stakeholders.
• Maintain the rolling forecasts to predict future financial performance based on historical data and market trends.
• Regularly update forecasts to reflect changes in business operations or economic conditions.
• Perform variance analysis to compare actual results against budgeted and forecasted figures, identifying trends and anomalies.
• Conduct profitability analysis on products, services, and business segments to support strategic decision-making.
• Prepare timely and accurate financial reports for management, highlighting key insights and trends.
• Develop dashboards and visualizations to effectively communicate financial performance and metrics using different BI tools.

Qualifications

• Bachelor's degree in Accounting or any related field.
• 3- 5 years of experience in a similar role.
• SOCPA registration required.
• Strong proficiency in financial modeling.
• Advanced knowledge of Excel and financial software (e.g., ERP systems, BI tools)
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Proficient in conducting and presenting research results.
• Ability to work well under pressure and meet tight deadlines.
• Self-motivated and capable of working independently with minimal supervision.
• Excellent written and verbal communication skills.
• Demonstrates integrity and professionalism.
• CMA, CFA, AFM, or FMVA certifications are preferred

Benefits

• You will be at the forefront of an exciting time for the Middle East, joining a high-growth rocket-ship in an exciting space.
• You will be given a lot of responsibility and trust. We believe that the best results come when the people responsible for a function are given the freedom to do what they think is best.
• The fundamentals will be taken care of: competitive compensation, top-tier health insurance, and an enabling culture so that you can focus on what you do best
• You will enjoy a fun and dynamic workplace working alongside some of the greatest minds in AI.
• We believe strength lies in difference, embracing all for who they are and empowered to be the best version of themselves.

Financial Planning & Analysis Manager

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You'll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Insert key local benefits that differentiate us in the market.
• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Jeddah. On site. location in the Abbott Nutrition International

Divisional Information

Nutrition

Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow to keeping adult bodies strong and active. Millions of people around the world count on our leading brands – including Similac, PediaSure, Pedialyte, Ensure, and Glucerna – to help them get the nutrients they need to live their healthiest lives.

What You'll Work On

• Provide finance expertise to support ANI Saudi organization in business partnering and strategic initiatives.
• Prepare Financial Plans, Rolling LBE's, and manage financial activities, including monthly close processes and analysis for Saudi affiliates.
• Ensure completeness and accuracy of financial data, presenting a comprehensive and well-positioned Affiliate package to senior management.
• Collaborate with internal operational personnel and external partners, advising on financial and strategic implications of proposed concepts.
• Must provide appropriate advice and strategy to Senior Management to ensure timely, comprehensive, accurate, and insightful end product.

Primary Function – Finance:

• Direct and have full responsibility for preparing the financial Plans, rLBE's within the Division with annual sales $148MM (FY25Plan).
• Supports the affiliate Finance Director on FP&A related work and ad-hoc activities
• Lead the financial aspects of Medical Nutrition business Unit
• Preparation of Internal financial reports on Periodic basis (comprising Brand P&L, Channel wise profitability, actual spends analysis on sales promotion and other SG&A).
• Preparation of various reports on periodic basis to be submitted to AREA and Division (Such as reports on Sales reports, P&L schedules and Balance Sheet).
• Ensure all the submission are timely, comprehensive, accurate with clear & concise commentary.
• Perform detailed analysis of Sales / SG&A / GTN after month end and provide tracking vs budget to each budget owner and maintain FY forecast up to date.
• Ensure financial controls are being implemented and exercised in guidance with Abbott's compliance and financial policies.
• Providing the business analytics to help drive initiatives that are critical to the ongoing growth of the company.
• Streamlining processes and identifying opportunities for savings across all areas of the business.
• Preparing key management reports, highlighting risks and opportunities and preparing contingency plans.
• Review accruals as part of monthly close activities and coordinate with CFS / ALOG to ensure accurate month close.

Commercial Business Partnering

• Work closely with MN, Hospital & Marketing teams for evaluation of various initiatives.
• Proactive in originating, participating in and executing strategies, directed towards the enhancement of the business objectives of the ANI Saudi to achieve both current and long-range objectives
• Monitor In-Market Sales and target achievements for Medical Nutrition
• Analyze the inventory on monthly basis to identify distress and risk stocks
• Provide financial input, including ROI analysis (where applicable) for commercial activities.
• Co-ordinate with demand / logistics team to ensure TMS reflects IMS updates / changes
• Co-ordinate with the distributor for various matters and resolve issues, where applicable.
• Exercise budgetary controls and monitor spending limits.
• Prepare Ad Hoc Analysis as and when required by Local Management & Area
• Identify, Analyse, and monitor issues that affect profitability, growth and productivity.
• Work with the MN team to generate and implement ideas for cost leadership / profitability
• Provide support in tender pricing process & hospital pricing process to improve margin

Required Qualifications:

• Master's degree in accounting / finance or CPA/CA.

Minimum Experience Required:

• 5-6 years' Experience in Accounting/Auditing and Financial Planning and Analysis acquired in several years of relevant on-the-job experience as a Manager / Analyst of a country organization.

Language:

• Fluent in Business English

Characteristics & Skills:

• A confident, excellent communicator, ability to work in a matrix environment.
• MS Office experience with outstanding Excel skills

Apply Now

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.

JASARA PMC is on the lookout for an experienced and analytical Financial Planning & Analyst Manager to join our dynamic finance team. This role will focus on managing the financial planning and analysis functions, ensuring robust forecasting and budgeting processes that support strategic objectives and financial health. The ideal candidate will have a strong background in financial modeling, data analysis, and team leadership.

• Lead the financial planning process, including the annual budgeting, quarterly forecasting, and long-term financial planning cycles.
• Develop and maintain financial models to project business performance, providing insights that enhance decision-making.
• Create and analyze financial reports to monitor and communicate organizational performance against budget and forecasts.
• Collaborate with cross-functional teams to gather data and ensure accuracy in financial projections.
• Analyze market trends, financial trends, and operational performance to provide strategic insights to senior management.
• Supervise and mentor a team of financial analysts, fostering a culture of continuous improvement and professional development.
• Ensure compliance with financial regulations and reporting standards.
• Participate in strategic initiatives by providing financial insights to support business growth and operational efficiency.
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency

• Bachelor's degree in Finance, Accounting, or a related field; a Master's degree or professional certification (CFA, CPA) is preferred.
• Minimum of 10 years of experience in financial planning and analysis, with at least 6 years in a managerial role.
• Expertise in financial modeling, forecasting, and budgeting processes.
• Proficient in financial analysis tools and Excel; experience with ERP systems is highly desirable.
• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Excellent communication and presentation skills, suitable for conveying financial information to diverse stakeholders.
• Demonstrated ability to lead and inspire a team, driving performance and engagement.
• Experience in the construction or project management sector is advantageous.
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency.
• Certificate in Construction Law and Dispute Resolution – RICS or similar are preferred.

JASARA PMC is on the lookout for an experienced and analytical Financial Planning & Analyst Manager to join our dynamic finance team. This role will focus on managing the financial planning and analysis functions, ensuring robust forecasting and budgeting processes that support strategic objectives and financial health. The ideal candidate will have a strong background in financial modeling, data analysis, and team leadership.

Key Responsibilities

• Lead the financial planning process, including the annual budgeting, quarterly forecasting, and long-term financial planning cycles
• Develop and maintain financial models to project business performance, providing insights that enhance decision-making
• Create and analyze financial reports to monitor and communicate organizational performance against budget and forecasts
• Collaborate with cross-functional teams to gather data and ensure accuracy in financial projections
• Analyze market trends, financial trends, and operational performance to provide strategic insights to senior management
• Supervise and mentor a team of financial analysts, fostering a culture of continuous improvement and professional development
• Ensure compliance with financial regulations and reporting standards
• Participate in strategic initiatives by providing financial insights to support business growth and operational efficiency
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency

Requirements

• Bachelor's degree in Finance, Accounting, or a related field; a Master's degree or professional certification (CFA, CPA) is preferred
• Minimum of 10 years of experience in financial planning and analysis, with at least 6 years in a managerial role
• Expertise in financial modeling, forecasting, and budgeting processes
• Proficient in financial analysis tools and Excel; experience with ERP systems is highly desirable
• Strong analytical skills with the ability to interpret complex financial data and provide actionable insights
• Excellent communication and presentation skills, suitable for conveying financial information to diverse stakeholders
• Demonstrated ability to lead and inspire a team, driving performance and engagement
• Experience in the construction or project management sector is advantageous
• Reconcile data between SAP and Prism/Unifier/BIM systems and perform validation checks to ensure consistency
• Certificate in Construction Law and Dispute Resolution - RICS or similar are preferred

The employee will be responsible to look after the financial planning and analyst with below key points and not limited to it:

• Consolidated P&L

• Sub P&Ls

• TB Spending reports, linked with cash flow analysis

• P&L deep dive analysis vs. budget & LY

• Sales performance reports

• Manufacturing Reports and variation analysis

• Allocation reports

• Inventory Reports

• KPIs trackers

• Value Chain costing analysis

• Upload FCCS financials

• quantitative analysis

• what's if & scenarios analysis

• BOD preparation details

• Monthly reports

etc.

• Minimum bachelor's degree in accounting
• Preferred a certified CMA
• Experience in similarity role with multiple companies

Job Location

Dammam, Saudi Arabia

Business Sector

Industrial & Manufacturing

Company Type

Employer (Private Sector)

Functional Area

Accounting/Banking/Finance

Work Schedule

Full time

Employment Type

Employee

Career Level

Mid Career / Experienced

Years of Experience

Min: 8 Max: 13

Degree Level

Bachelor's degree

Industrial & Manufacturing

Dammam, Saudi Arabia

الرؤية:
أن نكون روادًا في القطاع الصناعي في المملكة العربية السعودية من خلال تبني الابتكار وتعزيز التنمية المستدامة، مع السعي لنكون الشريك المفضل وصاحب العمل الأول في القطاع الصناعي.
الرسالة:
مهمتنا هي الاستفادة من خبرات فريق القيادة لتنفيذ حلول صناعية مبتكرة تساهم في تعزيز التميز والنمو المستدام، مع الالتزام بأعلى معايير الأداء والموثوقية.
القيم الأساسية:
النزاهة
الابتكار
التعاون
.

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