Cost Accountant

Matar Al Baqmi Holding Company

Job Overview

Location

Dammam, Eastern Province, Saudi Arabia

Employment Type

Full-time

Work Arrangement

On-site

Sector

Finance & Banking

Experience Level

Mid-level (3-5 years)

Application Deadline

August 31, 2026

About the Company

Matar Al Baqmi Holding Company, established in 1977, is a highly diversified and reputable organization within the Kingdom of Saudi Arabia. The company operates across various critical sectors including automotive, engineering, agricultural, real estate, and logistics, maintaining an impeccable reputation built over five decades. Matar Holding is certified under stringent ISO and ASME standards, underscoring its commitment to quality and operational excellence. Its industrial division comprises Salama Radiator and Salama Engineering, which are leaders in heat-exchange and heavy-engineering solutions. In the agricultural sector, the company manages the Nafa Arabia Feed Mill and two integrated chicken farms under the Dijla brand, reflecting a strong focus on upstream value creation and national food security. Furthermore, Matar Holding provides tailored, integrated supply chain solutions through its logistics arm, catering to diverse industry needs. The company's core policy is rooted in customer satisfaction, emphasizing continuous improvement in products, processes, and systems.

Job Description

Matar Al Baqmi Holding Company is seeking a meticulous and experienced Cost Accountant to join our dynamic finance team in Dammam, Saudi Arabia.

This pivotal role involves ensuring the accuracy of product costing, inventory valuation, and comprehensive cost analysis. You will be instrumental in maintaining precise cost data, analyzing production and purchase cost variances, and monitoring Bill of Materials (BOMs) and standard costs. Your insights will directly support operational reporting and critical commercial decision-making, contributing significantly to our financial health and strategic growth.

We are looking for a detail-oriented professional with a strong understanding of manufacturing finance and a proactive approach to identifying cost drivers and improving processes.

To apply for this role, click the Apply button on this page and follow the instructions.

Required Skills

Product CostingVariance AnalysisBOM CostingInventory ValuationManufacturing AccountingERP (D365)ExcelFinancial ReportingAnalytical ThinkingAttention to DetailProblem Solving

Key Responsibilities

Maintain and review product cost structures, including raw material, packaging, labor, and manufacturing overhead.
Review Bills of Materials (BOMs), costing versions, and related master data to ensure accurate and approved costing information in the ERP system.
Monitor raw material prices, landed costs, and purchase price movements, analyzing their impact on product costs and margins.
Analyze material usage, purchase price, production, and yield variances to identify key drivers of cost movements.
Support accurate inventory valuation and reconcile inventory quantities and values between operational records, costing reports, and the general ledger.
Coordinate with the production team and other users responsible for recording inventory-related entries, ensuring completeness and accuracy.
Perform month-end costing activities and reconciliations, including reviewing production costs, inventory movements, and cost of goods sold.
Conduct monthly stock counts at Group company locations, reconciling records, investigating, resolving, and reporting unreconciled variances.
Collaborate closely with Production, Procurement, Supply Chain, Sales, and R&D to evaluate the financial impact of recipe/BOM changes, purchase prices, production changes, and new products.

Qualifications

Bachelor's degree in Accounting, Finance, or a related discipline.
CMA, ACCA, CA Intermediate, or equivalent professional qualification is preferred.
Minimum 5-7 years of relevant experience in cost accounting, management accounting, manufacturing finance, or a similar role.

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Saudi Arabia's industrial sector is experiencing significant growth, driven by Vision 2030 initiatives and diversification efforts, creating a demand for precise financial oversight. This expansion necessitates robust financial controls and meticulous cost management to maintain competitive advantage and optimize profitability. As a Cost Accountant, you will be instrumental in supporting accurate product costing, inventory valuation, and comprehensive cost analysis. Your expertise in variance analysis, BOM costing, and ERP system utilization will directly inform strategic decisions. This role involves deep dives into D365 costing modules, leveraging data analytics to provide actionable insights. You will contribute to enhancing financial reporting accuracy and supporting commercial strategy, directly impacting the company's bottom line and sustained growth within a dynamic market landscape.