Virtucruit is partnering with a leading mining company in Saudi Arabia to appoint a Cost Accountant within the Drilling Department.

The Cost Accountant is responsible for developing, maintaining, and monitoring the company's cost accounting system to ensure accurate costing of drilling operations, inventory, equipment maintenance, workshops, and support services. The role provides management with timely and reliable cost analysis, variance reports, budgeting support, and financial insights to improve operational efficiency and profitability while ensuring compliance with IFRS, company policies, and internal controls.

JOB DESCRIPTION:

• Ensures the highest level of safety, health and environmental work standards are maintained.
• Develop and maintain the company's cost accounting system.
• Monitor and analyze drilling project, rig, and equipment costs.
• Prepare monthly cost reports, variance analysis, and profitability reports.
• Monitor inventory valuation, material consumption, and stock reconciliations.
• Ensure accurate allocation of direct and indirect costs.
• Assist in budgeting, forecasting, and cost planning.
• Support month-end and year-end financial closing activities.
• Maintain cost centers, project costing, and inventory costing in Sage 300 ERP.
• Ensure compliance with IFRS, company policies, and internal controls.
• Support internal and external audits by providing costing schedules and reconciliations.
• Identify cost-saving opportunities and recommend process improvements.
• Coordinate with Operations, Procurement, Warehouse, and Maintenance to ensure accurate cost reporting.
• Prepare management reports and financial analysis for decision-making.

QUALIFICATION & REQUIREMENTS:

• Masters's degree or diploma in Accounting & Finance.
• Professional certification (CMA/ACCA/CPA) is preferred.
• 5+ years of experience in cost accounting, preferably in drilling, mining, oil & gas, or heavy equipment industries.
• Experience with Sage 300 ERP is preferred.
• Strong knowledge of IFRS, cost accounting, budgeting, and inventory management.
• Good knowledge of MS Office, especially Excel.
• Good English communication and writing skills are mandatory.
• Arabic speaking and listening, Basic.

We offer a competitive employment package with tax-free salary, accom/transpo/food at Mine Site is provided, full medical coverage, and end of service benefits.