COST ACCOUNTANT

Napco National


Date: 6 hours ago
City: Dammam
Contract type: Full time
Job Description

ACQUIRED COMPETENCIES BASED ON JOB ROLE:

  • Ability to understand the NFP business environment, objectives, and apply internal policies and procedures effectively
  • Strong communication skills with the ability to deliver information clearly, concisely, and effectively both verbally and in writing
  • Ability to monitor, collect, and analyze data from multiple sources and prepare accurate reports to support decision-making across NFP
  • Proficiency in using both national and foreign languages, spoken and written
  • Strong organizational and planning skills to manage work and project activities efficiently and achieve short- and long-term objectives
  • Ability to effectively use standard equipment, office automation systems, software, and related accounting systems and ERP
  • Skilled in gathering and analyzing data, responding to complex situations, and developing innovative solutions that add value to NFP
  • Reporting and analyzing operational metrics and KPIs (Key Performance Indicators)
  • Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs
  • Analyzes actual production costs and prepares periodic reports comparing standard costs to actual costs
  • Records cost information for use in controlling expenditures
  • Prepares estimates of new and proposed product or service costs
  • Recommends cost efficiencies in new product layouts
  • Apportions costs between units of production and management
  • Consolidates cost of manufacturing for payroll and distribution of inventory accounts
  • Determines per-unit cost through cost accounting methods
  • Prepares costing sheets (landed cost) for Foreign Purchase Orders
  • Manages insurance files (PAR) and related monthly declarations
  • Reviews costs and takes corrective actions to ensure profitability
  • Analyzes overall plant efficiency, effectiveness, and utilization
  • Performs monthly closing activities related to cost accounting, including cost statements and analysis
  • Monitors inventory transactions and reconciles accounts with the general ledger
  • Prepares monthly journal entries as required
  • Leads and manages inventory review processes
  • Develops monthly financial and operational reports for executive leadership
  • Provides management with insights on pricing and profitability factors
  • Analyzes financial results to support strategic decision-making
  • Performs provision and analysis for quarantine items (inventory and capex)
  • Initiates, plans, executes, monitors, and closes projects effectively
  • Develops and implements project metrics and measurement systems

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