Cost Accountant - Costing & Budgeting
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ABIS is looking for a diligent and detail-oriented Cost Accountant specializing in Costing & Budgeting to join our finance department. The Cost Accountant will be responsible for managing budgeting processes, analyzing cost data, and providing accurate cost reports to support financial planning and decision-making. This role plays a key part in tracking project costs, ensuring budget adherence, and identifying cost-saving opportunities.
Key Responsibilities
• Prepare and analyze cost reports, budgets, and forecasts.
• Monitor and control project costs to ensure compliance with approved budgets.
• Develop and maintain the cost accounting system, documents, and records of the organization.
• Analyze and recommend costs and cost savings.
• Prepare and complete internal cost audits.
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
• Analyze the data collected and log a detailed record of the results.
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
• Analyze costs and prepare regular reports comparing standard costs to actual costs.
• Make estimates of new and proposed costs.
• Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
• Assist in audits and general ledger preparation.
• Conduct physical inventories and monitor the cycle count program.Requirements
• Bachelor's degree in Accounting, Finance, or related field.
• Minimum of 3-5 years experience in cost accounting, budgeting, or financial analysis.
• Strong knowledge of cost accounting principles and budgeting techniques.
• Proficiency in accounting software and Microsoft Excel.
• Excellent analytical, organizational, and problem-solving skills.
• Attention to detail and ability to meet deadlines.
• Good communication and interpersonal skills to work effectively with cross-functional teams.
• Experience with ERP systems is an advantage (e.g., Microsoft Dynamics 365).
Requirements
- •Bachelor's degree in Accounting, Finance, or related field
- •Minimum of 3-5 years experience in cost accounting, budgeting, or financial analysis
- •Strong knowledge of cost accounting principles and budgeting techniques
- •Proficiency in accounting software and Microsoft Excel
- •Excellent analytical, organizational, and problem-solving skills
- •Attention to detail and ability to meet deadlines
- •Good communication and interpersonal skills
Nice to Have
- •Experience with ERP systems is an advantage (e.g., Microsoft Dynamics 365)
Responsibilities
- •Prepare and analyze cost reports, budgets, and forecasts
- •Monitor and control project costs
- •Develop and maintain the cost accounting system, documents, and records
- •Analyze and recommend costs and cost savings
- •Prepare and complete internal cost audits
- •Comply with Generally Accepted Accounting Principles (GAAP)
- •Analyze collected data and log results
- •Analyze changes affecting cost and provide management reports
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ABIS is an IT solutions and services company based in Saudi Arabia. They offer a range of services including software development, system integration, and IT consulting.
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