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Chief Accountant - Inventory, Manufacturing & Fixed Assets

Al Khobar, Saudi Arabia

Job Description

  • Oversee inventory valuation, costing, and reconciliation processes.
  • Ensure accurate tracking of inventory transactions (receipts, issues, transfers, adjustments).
  • Coordinate cycle counts and physical inventory counts; analyze and resolve variances.
  • Monitor internal controls and policies related to inventory, MFG & Fixed Assets.
  • Develop and maintain standard costs for all products; analyze variances and production efficiency.
  • Partner with operations to monitor production cost drivers and identify cost-saving opportunities.
  • Track work-in-process (WIP) and finished goods inventory in alignment with production schedules.
  • Ensure accurate recording of manufacturing overhead, labor, and material costs.
  • Maintain fixed asset register and ensure proper capitalization, depreciation, and disposal of assets.
  • Conduct periodic asset audits and reconcile to general ledger.
  • Ensure compliance with accounting standards for asset classification and depreciation.
  • Capital expenditure reviews (CAPEX) .
  • Prepare monthly, quarterly, and annual financial reports related to inventory, manufacturing, and assets.

Skills

  • Bachelor’s degree in accounting - CMA is a plus
  • 5–10 years of accounting experience, including 3+ years in a manufacturing environment.
  • Strong understanding of cost accounting, inventory valuation, and fixed asset accounting.
  • Proficient in ERP systems
  • Advanced Excel skills.
  • Excellent analytical, problem-solving, and communication skills.
  • Strong leadership and organizational abilities.

Job Details

Job Location
Dammam, Saudi Arabia
Business Sector
Industrial & Manufacturing
Company Type
Employer (Private Sector)
Functional Area
Accounting/Banking/Finance
Work Schedule
Full time
Employment Type
Employee

Preferred Candidate

Career Level
Management / Supervisor
Years of Experience
Min: 5 Max: 10
Degree Level
Bachelor's degree

About This Company

AlRashed Group Industrial

Industrial & Manufacturing
Dammam, Saudi Arabia
الرؤية: أن نكون روادًا في القطاع الصناعي في المملكة العربية السعودية من خلال تبني الابتكار وتعزيز التنمية المستدامة، مع السعي لنكون الشريك المفضل وصاحب العمل الأول في القطاع الصناعي. الرسالة: مهمتنا هي الاستفادة من خبرات فريق القيادة لتنفيذ حلول صناعية مبتكرة تساهم في تعزيز التميز والنمو المستدام، مع الالتزام بأعلى معايير الأداء والموثوقية. القيم الأساسية: النزاهة الابتكار التعاون ...
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