JOB DESCRIPTION / ROLE
Job Purpose
As a Cost Accountant, your main responsibility will be to monitor, analyze, and manage operational costs, ensuring accuracy and efficiency within our organization. You will play a crucial role in budgeting, forecasting, and inventory management, while providing financial analysis and insights to support decision-making. Additionally, you will be involved in receivables management and process improvement initiatives to enhance efficiency and streamline accounting processes. Your expertise in costing, budgeting, SAP knowledge, and proficiency in Excel and PowerPoint will contribute to the overall success of our business unit.
Functional Responsibilities
Cost Monitoring and Analysis:
- Monitor and analyze site operational costs to ensure accuracy and efficiency. Identify cost-saving opportunities and recommend solutions to management.
- Analyze variances between actual and budgeted costs and provide explanations for discrepancies.
Budgeting and Forecasting:
- Assist in the preparation of annual budgets and forecasts for site operations.
- Collaborate with cross-functional teams to gather relevant data and assumptions for budgeting purposes.
- Monitor budget performance and provide regular updates to management.
Inventory Management:
- Oversee inventory accounting processes, including valuation, reconciliation, and reporting.
- Conduct periodic physical inventory counts and reconcile discrepancies.
- Analyze inventory levels and make recommendations for optimization.
REQUIREMENTS
Financial Reporting:
- Prepare monthly, quarterly, and annual financial reports for site operations.
- Provide financial analysis and insights to support decision-making.
- Ensure compliance with accounting standards and company policies.
Receivables Management:
- Collaborate with operations teams to resolve billing discrepancies and disputes.
- Monitor accounts receivable aging and follow up on overdue invoices.
- Process Improvement: Identify opportunities to streamline accounting processes and enhance efficiency.
- Work closely with stakeholders to implement process improvements and best practices.
- Drive initiatives to automate routine tasks and improve data accuracy.
Additional Requirements:
- Willingness to relocate between different cities (Neom, Riyadh) as per Business Unit needs.
- Acceptable for Saturday working as per BU Nature.
Academic Qualification
- Bachelor Degree in Accounting and Finance
Work Experience
- 5 to 10 Years
ABOUT THE COMPANY
alfanar builds efficient energy systems & solutions of the present and sets up infrastructures for a brighter future.
We assist utility sector partners & customers in transforming cities into sustainable, habitable, and inclusive Smart Cities by harnessing renewable energy resources from wind, solar, and waste heat energy. Promoting the transition to a sustainable eco-conscious future.
Using world-class technologies, we develop unrivaled quality electrical solutions & products from our manufacturing facilities, to solve the world’s major energy challenges and make the world a better viable place.
Diligence, Efficiency, and Innovation are the key criteria our teams adopt in order to continuously provide effective solutions. We’re constantly equipping our teams with the tools they need to expand their horizons and reach higher grounds.
Being in an ever-changing environment with a crucial impact on their surroundings, our employees are nurtured to become keen thinkers with highly refined skills and a consistent outlook on the future, working together on finding the next big innovation.
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