Summary
Eastern Province Cement Company is seeking a Cost Accountant in Khobar. The role analyzes and controls costs, maintains standard costs in the ERP system, investigates variances, and prepares cost, margin, and profitability reports. Duties also include supporting budgeting, reviewing inventory valuation, coordinating with operations and procurement, and preparing audit documentation. Applicants should have a bachelor’s degree in Finance, Accounting, or a related field, 3 to 5 years of cost or management accounting experience, and proficiency in English and Arabic.
The posting
As published on epcco.com.sa. Pulled from the employer's site and shown as they wrote it.
JOB OBJECTIVE:
To analyze and control costs by monitoring manufacturing or operational expenses, ensuring accurate cost allocation, and supporting pricing, budgeting, and profitability analysis in line with internal policies and accounting standards.
MAIN ROLES AND RESPONSIBILITIES:
• Collect and analyze data to determine costs of business activities such as materials, labor, and overhead.
• Maintain and update standard costs in the ERP system and investigate variances from actual results.
• Perform cost allocation, absorption, and reconciliation of cost accounts with general ledger.
• Prepare periodic cost reports, margin analysis, and profitability statements for products and departments.
• Support budgeting and forecasting processes by providing detailed cost information and analysis.
• Review inventory valuation, work-in-progress, and cost of goods sold calculations.
• Assist with the development and maintenance of cost accounting systems and procedures.
• Monitor cost trends and provide recommendations for cost reduction and efficiency improvement.
• Coordinate with operations, procurement, and production departments to validate cost inputs.
• Support audits by preparing cost-related schedules and documentation.
• Ensure compliance with IFRS and internal financial policies related to costing.
• Participate in periodic physical inventory and inventory valuation exercises.
• Perform any other duties assigned by the Supervisor or Finance Manager.
QUALIFICATIONS AND COMPETENCIES:
EDUCATION:
• Bachelor’s degree in Finance, Accounting, or closely related field.
• Training requirement of API Standard:
1. Quality Management System
2. Quality Objectives
3. Relevance and importance of employees’ activities and how they contribute to the achievement of the Quality Objectives
4. Job specific procedures & work instructions, forms and processes
5. Job specific and/or supplemental training.
6. Product training
7. Customer specified or supplied training, when required
8. Safety procedures, and Environmental procedures, when required
LANGUAGE:
• Proficiency in both English and Arabic Language.
SKILLS:
• Strong understanding of cost accounting principles, standard costing, and variance analysis. Familiarity
• Proficient in ERP systems and Microsoft Excel.
• Analytical mindset with attention to detail.
• Ability to communicate effectively with non-financial departments.
• Strong organizational and problem-solving skills.
EXPERIENCE:
• 3 to 5 years of experience in cost accounting or management accounting.
Note: The Job holder may be required to undertake additional duties, which may be reasonably expected and forms part of the function of the job.