Join a leading Saudi holding company driving large-scale EPC telecom infrastructure projects across the Kingdom.
The Cost Accounting Manager will lead the project cost accounting function, ensuring accurate cost allocation, project profitability analysis, budgeting, and financial reporting across telecom infrastructure and EPC projects. The role requires a hands-on finance professional with strong expertise in project cost control from project initiation through final close-out, supporting operational and executive decision-making through timely, accurate, and insightful financial reporting.
Key Accountabilities:
- Lead the project cost accounting function across multiple telecom infrastructure and EPC projects.
- Manage the complete project cost accounting lifecycle from project setup, budget allocation, cost accumulation, monitoring, forecasting, project close-out, and final financial reconciliation.
- Monitor project budgets, actual costs, commitments, and cost variances, ensuring accurate financial tracking throughout the project lifecycle.
- Prepare weekly, monthly, and executive project cost reports, highlighting financial performance, cost overruns, risks, and corrective actions.
- Perform project profitability analysis, gross margin analysis, and cost-to-complete (CTC) forecasting.
- Coordinate with Project Managers, Procurement, Engineering, and Finance teams to ensure accurate cost capture and project financial performance.
- Ensure proper allocation of direct and indirect project costs in accordance with accounting policies and IFRS requirements.
- Review project contracts and support revenue recognition, Work-in-Progress (WIP), accrued costs, and project billing activities.
- Support project budgeting, forecasting, CAPEX planning, and cash flow forecasting for ongoing projects.
- Monitor subcontractor costs, purchase orders, variations, change orders, and project commitments.
- Develop and enhance project costing models, reporting dashboards, and financial analysis tools to improve decision-making.
- Ensure compliance with company policies, internal controls, IFRS, and Saudi regulatory requirements, including ZATCA-related financial compliance where applicable.
- Support monthly, quarterly, and annual financial closing activities related to project accounting.
- Collaborate with external auditors during financial and project-related audits.
- Drive continuous improvement initiatives to strengthen project cost controls, reporting accuracy, and financial processes.
- Utilize ERP systems (preferably Microsoft Dynamics, SAP, or Oracle) to ensure accurate project accounting, reporting, and financial data integrity.
- Lead, mentor, and develop the Cost Accounting team while promoting a culture of accountability, accuracy, and continuous improvement.
Knowledge, Skills, and Experience:
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification such as CPA, CMA, ACCA, SOCPA, or equivalent is highly preferred.
- Minimum 8 years of progressive experience in Cost Accounting, Project Accounting, or Project Finance.
- Strong experience within telecom, EPC, infrastructure, engineering, construction, or project-based organizations.
- Proven experience managing the complete project cost accounting lifecycle from project initiation through final project delivery and close-out.
- Strong expertise in project budgeting, forecasting, cost control, WIP, revenue recognition, and project profitability analysis.
- Experience preparing executive-level project cost reports, financial dashboards, and variance analysis.
- Solid understanding of IFRS, project accounting principles, and financial reporting standards.
- Experience with Saudi financial regulations and ZATCA requirements is preferred.
- Strong hands-on experience with ERP systems, preferably Microsoft Dynamics, SAP, Oracle, or similar ERP platforms.
- Advanced Microsoft Excel skills, including financial modeling, Power Query, PivotTables, and reporting automation.
- Strong analytical, problem-solving, and business partnering capabilities.
- Excellent communication and stakeholder management skills, with the ability to work closely with Project Managers and senior leadership.
- High attention to detail, strong organizational skills, and the ability to manage multiple projects simultaneously in a fast-paced environment.
- Demonstrated ability to improve costing processes, strengthen internal controls, and enhance reporting efficiency.
