ACCOUNTANT, COSTING

Requisition ID:13652 

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 Group Overview:

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design &  development centers and a host of facilities in the Middle East and other countries.

alfanar is involved in:

  • Electrical, Electromechanical and Civil Engineering Construction

  • Manufacturing and Marketing Electrical Construction Products

  • Allied Engineering Services

 Our Main Divisions:

  • alfanar electric

  • alfanar Construction

  • alfanar Building Systems

Job Purpose

This position exists to oversee and analyze cost expenditures and purchases efficiently, in timely manner and quality standards as per thedefined policies and procedures to achieve departmental operational plans and developments within widerscope.

Key Accountability Areas

Actual Costing:

• Monthly Coordination with production to finalize all actual activities & Closing orders
• Monthly Checking all actual data posted by production & make required adjustment if required.
• Monthly Processing period end closing & posting (WIP, Variances, Un-realizes cost, etc.)
• Monthly posting all costing entries & provisions.
• Monthly Checking & Analyzing for the result of period end closing.
• Monthly checking expenses & make adjustment if required
• Monthly Settlement for investment internal orders to AUC & Cost center
• Design and updating distribution cycle to allocate service & General cost center costs
• General Problem Solving For Costing Issues, Supervising, Supporting, etc.

 Standard Costing:

• Preparing planned costing data with agreed plant activity
• Enter standard cost & standard plant activity in the system and calculate the rate.
• Maintain & Updating activities rate for production work centers
• Regularly Check & adjusting materials master.
• Regularly Check master data (BOM & Routing) & inform planning to make required adjustment.
• Material Costing run, to calculate planned cost.
• Maintain production orders overhead percentage.
• Upload overhead costs to production orders based on that maintained percentage.
• Regularly Analyzing cost for items & coordinating with planning for any correction
• Regularly Release the cost for related items.

 Costing & Controlling Analysis:

• Analyze WIP & provide justification for major orders.
•  Analyze Un-realized cost & provide justification for major orders
•  Identify and analyzing production, purchasing, and inventory variances
•  Controlling on actual time posted by comparing with routing & making proper reporting to management.
•  Preparing master consumption report with proper adjustments
•  Controlling on actual consumption & monitoring irregularities cost for material & reporting to management 

Monthly Controlling ORM & Financial Reports:

• Monthly preparation of consumption & production masters.
• Monthly preparation of costing statement per product type.
• Prepares special costing reports,
• Monitoring actual vs. budget & standard costing reports & variance analysis
• Preparing best estimation costing reports

Role Accountability

Academic Qualification
Bachelor Degree in Accounting and Finance


Work Experience
2 to 5 Years


Technical / Functional Competencies
Cost Accounting
Cost Accounting Best Practices
Cost Accounting Systems
Cost Analysis
Industrial Cost Analysis