Senior Cost Accountant

Job SummaryWe are seeking a Senior Cost Accountant leads the company’s cost accounting function across the group. The role is responsible for product costing, inventory valuation, variance analysis, and cost reporting that supports management decision-making and margin improvement. The Senior Cost Accountant partners with Operations, Supply Chain, and Finance leadership to drive cost efficiency and ensure accurate financial reporting. Key Responsibilities:• Lead the preparation and analysis of cost reports across all group entities, covering materials, labour, overheads, and finished goods.• Develop, maintain, and annually roll forward standard costs, BOMs, and routings for manufacturing processes.• Oversee product costing and ensure accurate allocation of costs to raw materials, work-in-progress, and finished goods. • Review and validate standard cost updates periodically to ensure alignment with actual production and procurement conditions.• Ensure proper inventory valuation and accurate Cost of Goods Sold (COGS) calculations across the group.• Monitor and investigate cost variances (material, labour, overhead) and recommend corrective actions.• Provide costing input to the annual budget and quarterly forecasts for COGS, inventory, and manufacturing overhead. • Support internal and external audits by preparing schedules and documentation related to inventory and costing. • Supervise and develop junior cost accounting staff; review their work and provide training on cost accounting principles. • Ensure proper treatment and tracking of inventory provisions (e.g., slow-moving, obsolete stock). Qualifications and Requirements:• Bachelor’s Degree in Accounting, Finance, or a related field.• Professional certification such as CMA or ACCA is required.• 7+ years of cost accounting experience, with at least 5 years in a manufacturing environment.• Prior experience supervising or mentoring junior accountants.• Strong knowledge of cost accounting principles, standard costing, variance analysis, and IFRS inventory valuation. • Hands-on experience with ERP systems including costing modules.• Strong analytical, problem-solving, and attention-to-detail skills. • Excellent communication skills, with the ability to present cost analysis to non-finance stakeholders.• Fluency in both English and Arabic (written and verbal). • Ability to use AI tools to support cost analysis, data processing, and reporting is required.