Cost Accounting Specialist

Overview

Supervises cost control, budgeting, standard costing, and financial reporting.

Key Responsibilities

• cost structure
• cost analysis
• cost benchmarking
• budget forecast
• payments processing
• cost control

Tasks

Supervising cost control activities ensuring alignment with policies and procedures. -Design a cost structure to be base for pricing provided services. -Perform complex analysis and recommend the best solution to achieve most efficient cost cutting solutions. -Provide input for the development of reports regarding operations, activities and achievements for reporting and decision-making. -Ensure work is performed based on approved policies, processes, procedures and instructions. -Monitor the closing process and the preparation of monthly, quarterly and annual accounting statements and reports ensuring accuracy and timeliness. -Identify opportunities for continuous improvement of systems, processes and practices considering leading practices, cost reduction and productivity improvement. -Review fixed assets accounting ensuring alignment to policies and procedures. -Apply a cost justification framework to support decisions about complex costs. -Escalate problems to ensure case/issue is closed efficiently and in a timely manner. -Coordinate with Corporate Finance to assess budget/ forecast including spending risks/ opportunities for decision-making. -Develop standard costing templates based on best practices and international benchmarks to facilitate data gathering from different sources. -Perform cost benchmarking to provide accurate costing principles for departments. -Monitor payments processing (payroll, supplier payments, etc.) ensuring timely processing. -Review the process of reconciliation to ensure smooth operations in a timely manner.

Requirements

• bachelor's
• accounting
• finance
• 4-6 years

What You Bring

-Bachelor’s degree in accounting, Finance, or in any related field. -4 to 6 years of relevant experience.

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About شركة نقل المياه Water Transmission Company

-Entirely state-owned, it took on the mammoth task of transporting desalinated freshwater across the kingdom. -Manages end-to-end operations: developing, operating, dispatching and planning water transmission and storage. -Operates on commercial principles—boosting asset efficiency, optimizing costs, and securing national water supply. -Supports both public and private partners with cutting‑edge water‑tech research and solutions. -Headquartered in Riyadh, it stands as the world’s largest water‑transmission entity by network length.

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