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Cost Accountant, Industrial Operations
audi Diesel Equipment Co.LtdDammam, Eastern Province, Saudi Arabia3 days ago
Job descriptionMonitor raw material, work-in-progress, and finished goods valuations. Track landed costs including import duties, freight, and logistics. Support procurement in cost benchmarking and cost-saving initiatives. Identify and report slow-moving or obsolete stock. Prepare profitability analysis by generator type, customer, or region. Assess the impact of dealer discounts, freight, and warranty costs on margins. Provide cost insights for tender submissions and customer quotations. Assist in annual budgeting and rolling cost forecasts. Perform scenario analysis on raw material prices, exchange rate fluctuations, and volume changes. Conduct break-even and contribution margin analysis for different product lines. Ensure compliance with cost accounting policies and financial controls. Support internal audits related to inventory and cost accounting. Prepare monthly management reports on cost performance and trends. Bachelor’s degree in accounting, Finance, or related discipline Professional qualification (CIMA, CMA, ACCA, or equivalent) preferred Minimum 3–5 years’ experience in cost accounting, ideally within a manufacturing or heavy engineering environment Familiarity with ERP systems (SAP, Oracle, Microsoft Dynamics, or similar). Strong MS Excel and financial modelling skills. Solid understanding of costing methodologies (Job Costing, Standard Costing, Activity-Based Costing). Analytical with high attention to detail. Strong communication skills, able to present insights to technical and non-financial colleagues. Knowledge of manufacturing operations and inventory management processes. Ability to work under pressure and meet deadlines. Success in this job will be measured on the following criteria : Accuracy of product costing vs. actual ( Timeliness and quality of monthly cost reports Reduction in material / labour variances. Contribution to gross margin improvement through actionable cost insights. Cost efficiency improvements in procurement and inventory management.
SDEC is one of the leading equipment distributors and custom industrial equipment solution provider. SDEC has a dynamic portfolio of products which is determined by the needs of our customers. SDEC culture is characterized by high customer orientation with a long-term view of relationships. We are inviting applications from candidates who have experience working as Electrical Design Engineer in heavy engineering industries for the genset manufacturing division.
Job Purpose
The Cost Accountant will be responsible for managing and analyzing all aspects of costing within the manufacturing and sales of power industrial operations. The role ensures accurate product costing, profitability analysis, and cost control to support strategic decision-making, pricing, and operational efficiency.
Main Responsibilities
Product & Manufacturing Costing
- Review standard costing models for all power industrial operations.
- Review Bills of Materials (BOMs) and monitor actual vs. standard costs.
- Calculate and monitor labour and overhead absorption rates.
- Conduct cost variance analysis (materials, labour, overhead) and highlight inefficiencies.
Inventory & Procurement Cost Control
Sales & Margin Analysis
Budgeting & Forecasting
Compliance & Reporting
Qualifications & Relevant Certifications
Knowledge, Skills & Experience
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Accountant • Dammam, Eastern Province, Saudi Arabia
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