31 Management Accountants jobs in Saudi Arabia

Join to apply for the Director – Financial & Contract Management role at Norconsult Telematics

• Lead the financial planning, budgeting, and contract management activities within the Operations Sector.
• Ensure effective allocation, utilization, and control of operational budgets.
• Oversee the development and execution of contracts, ensuring compliance with financial and operational policies.
• Monitor vendor and contractor performance to ensure adherence to agreed terms, budgets, and timelines.
• Develop and implement strategies to enhance financial efficiency and optimize resource utilization.
• Conduct financial analysis and risk assessments to support decision-making and improve performance outcomes.
• Ensure timely and accurate financial reporting, cost control, and accountability across operations.
• Build and maintain strong relationships with internal stakeholders and external vendors for effective coordination.
• Provide leadership and direction to the Financial & Contract Management team to achieve departmental and organizational goals.
• Drive continuous improvement initiatives to strengthen financial governance and contract management practices.

• Develop and implement financial and contract management strategies aligned with operational and organizational objectives.
• Provide direction and leadership to the Financial & Contract Management Department to ensure high performance and continuous improvement.
• Contribute to operational planning, driving efficiency, transparency, and accountability across all financial and contractual activities.
• Lead preparation, management, and monitoring of budgets for the Operations Sector.
• Coordinate with finance teams to secure approvals, track utilization, and ensure adherence to budgetary controls.
• Review budget variances, financial forecasts, and performance reports; recommend corrective actions to meet financial targets.
• Ensure cost allocation and reporting processes comply with established accounting standards and internal policies.
• Conduct financial performance analysis, P&L reviews, and cost optimization assessments.
• Identify financial risks within operations and propose mitigation strategies.
• Develop financial models and reports to support strategic decisions and operational planning.
• Oversee drafting, evaluation, and execution of all operational contracts, ensuring compliance with policies and regulations.
• Ensure contracts are technically and financially sound, reflecting agreed terms and service levels.
• Coordinate with procurement and legal teams on negotiations, contract renewals, and dispute resolutions.
• Supervise vendor selection, evaluation, and performance monitoring to ensure quality and cost-effectiveness.
• Maintain strong relationships with suppliers and contractors to achieve service excellence.
• Approve payments, manage financial penalties, and oversee contract closures in alignment with agreed deliverables.
• Ensure accurate documentation and timely reporting of all financial and contractual data.
• Provide periodic financial and operational expenditure reports to management.
• Support data-driven decision-making by maintaining up-to-date records and performance dashboards.
• Review existing systems and processes to identify improvement opportunities.
• Implement new tools or practices to enhance financial efficiency and control.
• Promote knowledge sharing and training initiatives to strengthen team capability.
• Define team objectives, KPIs, and development plans aligned with departmental goals.
• Manage recruitment, performance appraisals, and employee engagement activities.
• Coach, mentor, and motivate staff to foster accountability, growth, and collaboration.
• Ensure full compliance with internal policies, audit requirements, and financial governance standards.
• Maintain integrity and transparency across all financial and contract management operations.
• Collaborate with internal teams (Finance, Procurement, Operations) for budget control, vendor evaluation, and performance reviews.
• Liaise with external vendors and contractors to monitor execution and resolve operational issues.

• Bachelor’s/Master's degree in Engineering, Business Administration, or an equivalent field is required.
• Certification in Advanced Financial Planning and Management (CFA) or any other equivalent financial certification. Additional training in Contract Management, Procurement, or Risk Management is an advantage.
• Minimum of 12+ years of relevant experience, with at least 5–6 years in a leadership or managerial role.
• Proven experience in budgeting, financial planning, and contract management within a large or complex organization.
• Demonstrated expertise in financial control, cost analysis, and budget optimization.
• Strong background in vendor and contract management, including drafting, evaluation, and negotiation.
• Experience coordinating with multiple internal and external stakeholders to ensure compliance and operational efficiency.
• Strong analytical, organizational, and problem-solving skills.
• Excellent planning, budgeting, and negotiation capabilities.
• Solid understanding of financial modeling, risk assessment, and cost allocation methodologies.
• Ability to manage multiple projects and priorities in a fast-paced environment.
• Proficiency in financial management systems and Microsoft Office Suite (Excel, PowerPoint, Word).
• Bilingual proficiency in English and Arabic (written and spoken) is required.

• Director

• Full-time

• Finance and Consulting

• Telecommunications

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Job Title: Senior Cost Accountant – Manufacturing

Department: Finance & Cost Control

Reports To: Finance Manager/CEO

Location: Jeddah, Saudi Arabia

Grade Level: Senior (10+ Years Experience)

Job Purpose

To develop and maintain accurate cost accounting systems for manufacturing operations, ensuring precise product costing, variance analysis, and inventory valuation. The position plays a critical role in optimizing cost structures, supporting decision-making, and maintaining compliance with financial reporting standards and internal controls.

Key Responsibilities

1. Product Costing & Analysis

Establish and maintain standard cost models for all manufactured products.

Review and validate Bill of Materials (BOMs) and routings for accuracy in material, labor, and overhead absorption.

Conduct variance analyses (material usage, labor efficiency, overhead absorption) and report root causes.

Provide profitability and cost-per-ton/sku analyses for management decisions.

Recommend corrective actions to improve cost efficiency and reduce waste.

1. Inventory & Cost Control

Oversee monthly inventory valuation of raw materials, WIP, and finished goods.

Perform monthly reconciliations between inventory sub-ledgers and the general ledger.

Lead periodic and annual physical inventory counts, ensuring adjustments are properly reflected.

Track and report yield, scrap, and rework ratios with cost implications.

Implement cost-control measures in collaboration with production and supply chain teams.

1. Financial Reporting & Compliance

Prepare journal entries related to manufacturing costs, production variances, and cost of goods sold (COGS).

Support monthly and annual financial closing processes with detailed cost reports.

Ensure compliance with IFRS, SOCPA, and internal cost accounting policies.

Provide management dashboards summarizing production cost trends, variances, and KPIs.

1. ERP & Process Optimization

Maintain cost accounting modules in ERP (Epicor preferred) and ensure accurate data integration between production and finance.

Support ERP enhancement projects related to cost management and process automation.

Streamline cost allocation methodologies and drive continuous improvement in data accuracy.

1. Budgeting, Forecasting & Decision Support

Contribute to annual manufacturing budgets and rolling forecasts.

Provide cost simulations for new products and capital investment feasibility.

Support management in pricing and make-or-buy decisions through detailed cost modelling.

Qualifications & Experience

Bachelor's Degree in Accounting, Finance, or Industrial Management.

CMA certification or equivalent preferred.

Minimum 10 years' experience in manufacturing cost accounting (preferably metals, fasteners, or industrial materials).

Strong technical knowledge of standard costing, variance analysis, inventory management, and ERP systems (Epicor/SAP).

Solid understanding of IFRS and SOCPA reporting standards.

Advanced Excel and data analytics skills.

Core Competencies

Analytical and detail-oriented

Financial discipline and accuracy

Cross-functional collaboration (Finance–Production–Supply Chain)

Systems thinking and ERP proficiency

Continuous improvement mindset

Integrity and confidentiality in financial reporting

Key Performance Indicators (KPIs)

KPI Category Metric Target / Benchmark

Inventory Accuracy Physical vs. system match rate ≥ 98% accuracy

Cost Variance Control Material & labor variance ≤ ±3% vs. standard

Month-End Closing Cost reports and journals completion Within 3 business days of closing

Cost Savings Initiatives Annual cost reduction achieved ≥ 2% reduction in conversion costs

ERP Data Integrity Accuracy of BOMs and routings 100% validated and updated quarterly

Reporting Timeliness Monthly cost dashboards to CFO Delivered by 5th working day

Audit Findings Cost-related audit non-conformities Zero repeat findings

Yield & Scrap Reporting Monthly variance visibility 100% of production SKUs tracked

Working Relationships

Internal: Production, Supply Chain, QA/QC, Procurement, Finance, IT.

External: Auditors, ERP consultants, and regulatory bodies (if applicable).

Qiddiya is a new master-planned city being built outside Riyadh and dedicated to the spirit of play. The city will eventually house some 600,000 residents, and comprise 12 theme parks and a wide variety of sports and entertainment assets, including the Prince Mohammed bin Salman Stadium and the Formula One hosting Qiddiya Speed Park Track, among many others.

The Qiddiya Asset Management team is seeking a dedicated Real Estate Analyst to support the management and optimization of a large, growing and diverse property portfolio. The candidate would also assist the team in oversight of a large portfolio of other entertainment assets such as theme parks and sporting facilities. The successful candidate will be responsible for conducting sensitivity analyses, feasibility studies, financial budgeting, asset valuations, performance reporting, and disposition analyses. Analyst will play a key role in data-driven decision making for real estate operations. This role is intended as a pathway to development into a Real Estate Asset Manager within the organization, offering substantial professional growth opportunities to high-performing individuals.

Qualities include:

• Outstanding analytical and quantitative capabilities with meticulous attention to detail
• Ability to work independently and collaboratively within team environments
• Initiative and resourcefulness in tackling complex problems within dynamic settings
• Commitment to professional standards, confidentiality, and ethical conduct in all activities

Requirements

• Perform detailed sensitivity analyses and feasibility studies for real estate investments and assets
• Prepare and manage annual Budgets and Business Plans, including cash flow projection, forecasting to ensure effective financial oversight. Identify key drivers of EBITDA growth
• Conduct asset and portfolio valuations using sophisticated financial models in Excel
• Contribute to periodic quarterly performance reporting, ensuring accuracy, transparency, and adherence to set timelines
• Contribute to performance tracking via dashboards
• Assist with market research for Asset Management to contribute to Development team concept design process, including providing recommendations on typology, unit mix, rental rates, market demand and comparable transactions.
• Assist with analyses for disposition strategies, including market research and scenario assessment for asset sales
• Support the team in preparing recommendations and actionable insight for Senior Management regarding optimal asset performance, including identifying potential upside opportunities and downside risks.
• Support Hotel operations oversight and performance tracking
• Support Theme Park and Sports Facilities operations oversight.

Benefits

• Bachelor's degree in Finance, Accounting, Business, Real Estate, or a related discipline
• 1-5 years of relevant work experience in analytical roles within real estate, financial services, asset management, or closely related sectors is preferred
• Advanced Excel skills with proven experience in financial analysis and modeling is essential

Associate

Full-time

Other

Qiddiya is a new master-planned city being built outside Riyadh and dedicated to the spirit of play. The city will eventually house some 600,000 residents, and comprise 12 theme parks and a wide variety of sports and entertainment assets, including the Prince Mohammed bin Salman Stadium and the Formula One hosting Qiddiya Speed Park Track, among many others. The Qiddiya Asset Management team is seeking a dedicated Real Estate Analyst to support the management and optimization of a large, growing and diverse property portfolio. The candidate would also assist the team in oversight of a large portfolio of other entertainment assets such as theme parks and sporting facilities. The successful candidate will be responsible for conducting sensitivity analyses, feasibility studies, financial budgeting, asset valuations, performance reporting, and disposition analyses. Analyst will play a key role in data-driven decision making for real estate operations. This role is intended as a pathway to development into a Real Estate Asset Manager within the organization, offering substantial professional growth opportunities to high-performing individuals.

Qualities include:

• Outstanding analytical and quantitative capabilities with meticulous attention to detail.
• Ability to work independently and collaboratively within team environments.
• Initiative and resourcefulness in tackling complex problems within dynamic settings.
• Commitment to professional standards, confidentiality, and ethical conduct in all activities

• Perform detailed sensitivity analyses and feasibility studies for real estate investments and assets.
• Prepare and manage annual Budgets and Business Plans, including cash flow projection, forecasting to ensure effective financial oversight. Identify key drivers of EBITDA growth.
• Conduct asset and portfolio valuations using sophisticated financial models in Excel.
• Contribute to periodic quarterly performance reporting, ensuring accuracy, transparency, and adherence to set timelines.
• Contribute to performance tracking via dashboards.
• Assist with market research for Asset Management to contribute to Development team concept design process, including providing recommendations on typology, unit mix, rental rates, market demand and comparable transactions.
• Assist with analyses for disposition strategies, including market research and scenario assessment for asset sales.
• Support the team in preparing recommendations and actionable insight for Senior Management regarding optimal asset performance, including identifying potential upside opportunities and downside risks.
• Support Hotel operations oversight and performance tracking.
• Support Theme Park and Sports Facilities operations oversight.

• Bachelor’s degree in Finance, Accounting, Business, Real Estate, or a related discipline.
• 1-5 years of relevant work experience in analytical roles within real estate, financial services, asset management, or closely related sectors is preferred.
• Advanced Excel skills with proven experience in financial analysis and modeling is essential.

Qiddiya is a new master-planned city being built outside Riyadh and dedicated to the spirit of play. The city will eventually house some 600,000 residents, and comprise 12 theme parks and a wide variety of sports and entertainment assets, including the Prince Mohammed bin Salman Stadium and the Formula One hosting Qiddiya Speed Park Track, among many others. The Qiddiya Asset Management team is seeking a dedicated Real Estate Analyst to support the management and optimization of a large, growing and diverse property portfolio. The candidate would also assist the team in oversight of a large portfolio of other entertainment assets such as theme parks and sporting facilities. The successful candidate will be responsible for conducting sensitivity analyses, feasibility studies, financial budgeting, asset valuations, performance reporting, and disposition analyses. Analyst will play a key role in data-driven decision making for real estate operations. This role is intended as a pathway to development into a Real Estate Asset Manager within the organization, offering substantial professional growth opportunities to high-performing individuals.

Qualities include:

• Outstanding analytical and quantitative capabilities with meticulous attention to detail.
• Ability to work independently and collaboratively within team environments.
• Initiative and resourcefulness in tackling complex problems within dynamic settings.
• Commitment to professional standards, confidentiality, and ethical conduct in all activities

• Perform detailed sensitivity analyses and feasibility studies for real estate investments and assets.
• Prepare and manage annual Budgets and Business Plans, including cash flow projection, forecasting to ensure effective financial oversight. Identify key drivers of EBITDA growth.
• Conduct asset and portfolio valuations using sophisticated financial models in Excel.
• Contribute to periodic quarterly performance reporting, ensuring accuracy, transparency, and adherence to set timelines.
• Contribute to performance tracking via dashboards.
• Assist with market research for Asset Management to contribute to Development team concept design process, including providing recommendations on typology, unit mix, rental rates, market demand and comparable transactions.
• Assist with analyses for disposition strategies, including market research and scenario assessment for asset sales.
• Support the team in preparing recommendations and actionable insight for Senior Management regarding optimal asset performance, including identifying potential upside opportunities and downside risks.
• Support Hotel operations oversight and performance tracking.
• Support Theme Park and Sports Facilities operations oversight.

• Bachelor’s degree in Finance, Accounting, Business, Real Estate, or a related discipline.
• 1-5 years of relevant work experience in analytical roles within real estate, financial services, asset management, or closely related sectors is preferred.
• Advanced Excel skills with proven experience in financial analysis and modeling is essential.

Overview

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This is a full-time on-site role for a Financial Accounting Supervisor located in Al Khobar. The Financial Accounting Supervisor will be responsible for overseeing the preparation of financial statements, analyzing financial data, ensuring compliance with financial regulations, and managing the accounting team. Daily tasks include monitoring financial transactions, preparing financial reports, and collaborating with other departments to ensure accurate financial reporting. The role also involves developing and implementing accounting policies and procedures, and providing guidance to accounting staff.

• Strong skills in preparing Financial Statements and Financial Reporting
• Proficiency in Accounting practices and procedures
• Analytical Skills to assess financial data and identify trends
• Solid understanding of Finance principles
• Excellent communication and leadership skills
• Experience with accounting software and financial management systems
• Bachelor's degree in Accounting, Finance, or a related field
• Professional certification such as CPA or equivalent is a plus

• Mid-Senior level

• Full-time

• Accounting/Auditing and Finance

• Transportation, Logistics, Supply Chain and Storage

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Company Description

MAHMOOD SALEH ABBAR CO. is organized in a standard industrial configuration and supported by highly experienced personnel. We monitor and manage branch operations across Makkah, Madinah, Riyadh, Dammam, and Khamis Mushayt. Our divisions, including MITSUBISHI H.I AIR-CONDITIONING, CASIO, REFRIGERATION, and DOMESTIC APPLIANCES, specialize in importing, distributing, and servicing a diverse range of products, from air-conditioning units and electronic products to domestic and office appliances. We offer strong after-sales support and consultancy services to ensure customer satisfaction.

Role Description

This is a full-time, on-site role located in Al Khobar for a Financial Accounting Specialist. The Financial Accounting Specialist will be responsible for preparing financial statements, analyzing financial data, managing accounting software, and supporting the finance department. Daily tasks will include maintaining accurate records, conducting financial analysis, and generating reports to inform business decisions.

Qualifications

• Proficiency in preparing Financial Statements and strong Analytical Skills
• Experience with Accounting Software and Finance-related tasks
• Excellent Communication skills
• Bachelor's degree in Accounting, Finance, or a related field
• Previous experience in financial accounting roles is an advantage
• Attention to detail and ability to meet deadlines