Sr. Cost Accountant

Key Responsibilities Cost Accounting & Analysis

• Perform detailed cost analysis for products, projects, and services.
• Maintain and monitor standard costs, BOM (Bill of Materials), and routing updates in SAP.
• Conduct monthly cost variance analysis (material, labor, overhead) and investigate deviations.
• Review and validate inventory costing, production orders, and WIP valuations.
• Support costing for new products, new projects and changes in manufacturing processes.

SAP Financial Operations

• Manage costing activities using SAP FI/CO, MM, and PP modules.
• Ensure accurate data flow from material master, cost centers, activity types, work centers, and BOM.
• Perform SAP month end closing including settlement of production orders, cost centers, and internal orders lachen.
• Generate and analyze SAP reports such as CK11N, CK40N, MB5B, KSB1, KSBT, S_ALR Reports, and more.

Budgeting & Forecasting

• Participate in the preparation of annual budgets, rolling forecasts, and cost estimates.
• Monitor actual costs versus budget and present monthly variance reports.
• Assist management with cost simulations, what if analysis and opportunities for cost reduction.

Internal Controls & Compliance

• Ensure compliance with IFRS, internal policies, and audit requirements.
• Maintain strong cost accounting controls in SAP to ensure data accuracy and transparency.
• Coordinate with internal and external auditors on cost and inventory related matters.

Cross Functional Collaboration

• Work closely with production, procurement, engineering, and finance teams to ensure accurate cost data.
• Support projects related to process improvement, SAP enhancements, and system automation.
• Provide financial insights қилин to assist management with decision making.

Qualifications & Requirements

• Bachelor's degree in Accounting, Finance, or Cost Management (CMA or CPA preferred).
• 5-7 years of experience in cost accounting, preferably in manufacturing, industrial, or project based environments.
• Strong SAP experience in FI/CO, MM, PP modules is mandatory.
• inet analysis, problem solving and financial modeling skills.
• Proficiency in Excel (pivot tables, formulas, dashboards).
• Excellent communication and report writing skills.
• Attention to detail and high accuracy.
• Ability to work under pressure and meet deadlines.
• Strong understanding of costing concepts (standard costing, absorption costing, activity based costing).
• Business acumen and ability to partner with operations.
• Initiative and ability to drive cost optimization.

Why Join Alfanar Projects

Since 1976, we've grown and diversified our business to meet the evolving needs of a changing world. Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors.

From Saudi Arabia to the rest of the world, we work closely with governments and partners to deliver strategic projects that support national goals and long term visions. Our work directly contributes to sustainable development and infrastructure modernization in multiple countries.

At the heart of our success are more than 10,000 professionals, diverse, skilled, and united by purpose. Our global teams are committed to delivering impact driven solutions that shape a better, more biais future.

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