Cost & Inventory Accountant

About the Role Watania Steel is looking for a Cost & Inventory Accountant to join our Finance team in Riyadh. Reporting to the Financial Controller, you will play a key role in monitoring production costs and maintaining strong inventory control across our manufacturing operations. Key Responsibilities : Monitor and analyze production costs, material consumption, and cost variances. Maintain accurate inventory records and reconcile physical stock counts with system balances. Monitor raw materials, consumables, work-in-progress, and finished goods. Participate in stock counts and investigate inventory discrepancies. Prepare periodic reports on inventory movements, material consumption, and production costs. Ensure accurate recording of inventory transactions in the ERP system. Coordinate with Production, Warehouse, and Procurement teams to ensure effective cost and inventory control. Assist in budget preparation and periodic forecasting, monitor actual performance against budget, and analyze related variances. Requirements : Bachelor’s degree in Accounting or Finance. 2+ years of experience in cost accounting and inventory control, ideally in a manufacturing environment. Solid understanding of inventory accounting and cost calculation methods. Strong Excel skills and hands-on experience with ERP systems; SAP experience is a strong advantage. An analytical mindset with a sharp eye for detail. Comfort working on the shop floor and building strong relationships with operational teams. Professional fluency in Arabic and English. Show more Show less