Title:  Sr. Accountant - Cost Accounting

Job Information

Job Summary

The Sr. Supervisor - Cost Accounting is responsible for ensuring accurate calculation and reporting of cost data, in addition to providing financial decision-making information by collecting, analyzing, and reporting of respective products and services of SCC.

Duties & Responsibilities

Primary Duties & Responsibilities

• Implements and ensures adherence to Finance and Accounting policies and procedures. 
• Works with operations and production managers to analyze and recover cost accounting work.
• Reviews the standard costs of new products introduced by Saudi Ceramics and ensures it has been properly established. 
• Oversees the identification and preparation of cost of operations by establishing standard costs and collecting operational data.
• Ensures timely generation of cost of production related reports based on received work orders. 
• Manages the preparation of work in progress (WIP) summary reports. 
• Conducts cost analysis process and provides trends and forecasts; explaining processes and techniques; recommending actions. 
• Initiates actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials. 
• Prepares special costing reports by collecting, analyzing, and summarizing information and trends. 
• Manages the development of best practices for the costing function in coordination with Accounting Manager. 
• Manages monthly review of accuracy in allocation of cost to the respective cost center, products, and services. 
• Supervises detailed study and reporting of company cost efficiencies and supervises and monitors cost accounting related modules. 
• Monitors collection and follow up of financial and non-financial information with other departments. 
• Directs the preparation of job costing reports and analysis for contribution margin and gross profit evaluation. 
• Ensures appropriate Identification of activities and cost drivers to the product and services. 
• Introduces procedures and strengthens internal controls over gathering and capturing information. 
• Manages provision of regular and ad hoc costing reports for various departments and entities across SCC. 
• Perform other relative tasks might be requested by his line manager. 

Communication Channel

Internal Communication

• Saudi Ceramics Corporate Departments Heads.
• Saudi Ceramics Business Units Departments Heads.

External Communication

• External Auditors.
• External Consulting Firms.

Education

Requirements

• 3 years of experience in the field of Cost Accounting within similar industry.
• Proficiency of English language is required.

Competencies

Key Performance Indicators

1. Adherence to Saudi Ceramics Finance strategies, policies, and procedures.
2. Achievement of Accounting objectives within the set budget.
3. Discrepancy between counted and recorded inventory (physical inventory/ count).
4. Accuracy and reliability of costing reports.
5. Achieve a high level of inventory records’ accuracy.
6. On time completeness of monthly, quarterly costing results.