Cost Control Accountant
- Recruiter
- Bayt.com
- Location
- Saudi Arabia
- Salary
- Competitive
- Posted
- 11 Oct 2017
- Closes
- 12 Oct 2017
- Job role
- Accountant, Financial accountant
- Sector
- Accounting - Public practice
• An exciting opportunity is available for an Accountant, Cost Control based in Jubail and will report directly to Section Head, Cost Control.
About the role:
In this role, you will be responsible to calculate and compare financial and operating data, budget vs. actual performance to provide reliable and timely information for cost control and Management decision making. The challenges in the job relate to accuracy of input, timeliness of input and capabilities of the existing system- SAP - to meet and handle requirements.
Day to day activity:
• Work & assist in preparation of annual budgets, help & assist other departments for budget preparation & Investigation of cost variances
• Ensure proper utilization of available resources & ensure internal control along with procedures are adhering to.
• Assist in preparation of monthly cost reporting & analytical review of cost + other assignments and ad hoc responsibilities as required.
• Provide guidance, assistance and training to budget coordinators in the various departments in the use of the computer system, SAP, in the process of preparing the yearly budget.
• Review and compare budget submittals with previous years' budgets and actual to determine variations, prepare report and submit to supervisor.
• Coordinate with Coordinators and Management to produce final budget submittal and guide them in preparation of the budget presentation.
• Prepare summary of approved budget for each area and double check to ensure that approved budget has been properly uploaded into the system and that it has been locked.
• Provide data such as fuel cost, chemical cost, fuel receipts, etc to General Ledger for posting to the relevant accounts in the accounting system.
• Complete all quantitative reconciliations for production and sales in a timely and effective manner. Includes explaining the reasons for variations and extending reconciliations to fuel consumption.
• Monitor the financial performance of a given area of activity versus budgets so that areas of unsatisfactory performance are identified and rectified promptly and potential performance improvement opportunities are capitalized upon.
About the role:
In this role, you will be responsible to calculate and compare financial and operating data, budget vs. actual performance to provide reliable and timely information for cost control and Management decision making. The challenges in the job relate to accuracy of input, timeliness of input and capabilities of the existing system- SAP - to meet and handle requirements.
Day to day activity:
• Work & assist in preparation of annual budgets, help & assist other departments for budget preparation & Investigation of cost variances
• Ensure proper utilization of available resources & ensure internal control along with procedures are adhering to.
• Assist in preparation of monthly cost reporting & analytical review of cost + other assignments and ad hoc responsibilities as required.
• Provide guidance, assistance and training to budget coordinators in the various departments in the use of the computer system, SAP, in the process of preparing the yearly budget.
• Review and compare budget submittals with previous years' budgets and actual to determine variations, prepare report and submit to supervisor.
• Coordinate with Coordinators and Management to produce final budget submittal and guide them in preparation of the budget presentation.
• Prepare summary of approved budget for each area and double check to ensure that approved budget has been properly uploaded into the system and that it has been locked.
• Provide data such as fuel cost, chemical cost, fuel receipts, etc to General Ledger for posting to the relevant accounts in the accounting system.
• Complete all quantitative reconciliations for production and sales in a timely and effective manner. Includes explaining the reasons for variations and extending reconciliations to fuel consumption.
• Monitor the financial performance of a given area of activity versus budgets so that areas of unsatisfactory performance are identified and rectified promptly and potential performance improvement opportunities are capitalized upon.