Assistant Manager Costing

Job description

About the Role: the employer seeks an Assistant Manager Costing to join its team in Makkah, Al Jumum. The full‑time role supports product costing, inventory valuation, production and maintenance order costing, budgeting and month‑end closing. It ensures accuracy of standard and actual costs, investigates manufacturing and inventory variances, and provides reliable financial information for decision‑making. Responsibilities: Manage product, production, process, maintenance, subcontracting and inventory costing activities for accurate allocation and reporting. Review purchase orders, material and landed costs, inventory movements and budget consumption, investigating significant price and quantity variances. Monitor production orders, material usage, labor, yield, waste, scrap, rework and overhead costs, identify root causes and recommend corrective actions. Review maintenance and subcontracting costs, material consumption, stock balances and order settlements to ensure accurate accounting and timely closure. Oversee inventory valuation, provisions, physical counts, stock transfers, slow‑moving/obsolete inventory and reconciliations. Coordinate standard costing cycles-including BOMs, routings, production versions, costing runs and cost updates in SAP. Lead costing activities during month‑end close, including cost allocations, activity rates, order settlement, variance analysis, journal entries and reconciliation of costing, inventory and GL balances. Support annual budgeting, forecasting, cost baselines, expenditure monitoring and budget‑to‑actual variance analysis. Prepare new product cost estimates and provide cost analysis for pricing, profitability, make‑or‑buy and investment decisions. Develop costing reports, dashboards and management analyses, ensure data accuracy and support SAP and finance‑system improvements. Support internal and external audits and ensure compliance with accounting policies, internal controls and approval requirements. Identify cost‑reduction and process‑improvement opportunities and provide financial insights to Production, Procurement, Supply Chain, Maintenance and other functions. Provide technical guidance, coaching and work review for Costing team members and ensure timely completion of activities

Requirements

• proficient in SAP
• experience in product costing and inventory valuation
• experience in production and maintenance order costing
• knowledge of budgeting and month‑end closing
• proficient in preparing costing reports and variance analysis
• knowledge of new product cost estimation
• experience supporting internal and external audits
• proficient in collaborating with Production, Procurement, Supply Chain and Maintenance teams
• experience in identifying cost‑reduction and process‑improvement opportunities
• proficient in coaching and training Costing team members

Skills