Senior Cost Accountant

About the role

The Senior Cost Accountant will lead cost accounting activities for Alfanar Group in Jubail, ensuring accurate cost data and supporting strategic decisions. This role combines deep SAP expertise with strong analytical skills to drive cost efficiency and profitability.

Key responsibilities

• Perform detailed cost analysis for products, projects, and services, maintaining standard costs, BOM and routing updates in SAP.
• Conduct monthly cost variance analysis (material, labor, overhead) and investigate deviations.
• Manage SAP FI/CO, MM, and PP modules for costing, including month‑end closing, production order settlement and report generation.
• Prepare annual budgets, rolling forecasts and cost estimates, monitoring actuals versus budget and presenting variance reports.
• Ensure compliance with IFRS and internal controls, coordinating with auditors on cost and inventory matters.
• Collaborate with production, procurement, engineering and finance teams to provide accurate cost data and support process‑improvement projects.

Required profile

• Bachelor’s degree in Accounting, Finance or Cost Management; CMA or CPA preferred.
• Minimum 5 years of cost accounting experience, preferably in a construction or industrial environment.
• Strong knowledge of IFRS and internal audit requirements.

Required skills

• Cost Analysis
• Forecasting
• Cost Allocation
• Financial Modeling
• Budgeting
• Variance Analysis
• Standard Costs
• Inventory Costing
• Financial Reporting
• SAP FI/CO/MM/PP modules
• Excel