Cost Accountant (Contracting Industry)

We are looking for an experienced Cost Accountant with a background in contracting and project-based environments. 

The candidate will be responsible for analyzing project costs, monitoring budget performance, and providing accurate financial insights to support effective project management and decision-making.

Key Responsibilities:

  • Analyze project-related costs including materials, labor, subcontractor invoices, equipment usage, and overhead allocations.
  • Prepare detailed project cost reports, including budget vs. actual analysis, cost forecasts, and variance explanations.
  • Monitor project budgets and support project managers in identifying cost overruns and opportunities for cost optimization.
  • Maintain accurate cost codes and ensure all costs are properly allocated to the correct projects and cost centers.
  • Perform monthly, quarterly, and annual cost reviews, ensuring compliance with company policies and accounting standards.
  • Support tendering and estimation teams by providing historical cost data and assisting in pricing new projects.
  • Evaluate subcontractor and supplier costs to ensure accuracy and alignment with contractual terms.
  • Oversee inventory and material tracking for construction sites and warehouses.
  • Prepare and analyze cost of goods sold (COGS) for contracting projects.
  • Collaborate with procurement, project management, and finance teams to ensure timely and accurate cost data flow.
  • Recommend process improvements to enhance cost control and operational efficiency.

Qualifications:

 

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Proven experience as a Cost Accountant within contracting companies (required).
  • Strong understanding of project costing, cost control.
  • Proficiency in ERP systems and advanced Microsoft Excel skills.
  • Excellent analytical, reporting, and problem-solving abilities.
  • High attention to detail and ability to work in a fast-paced, project-driven environment.
Post date: 06 Jumada al-thani 1447 - Today
Publisher: Tanqeeb.com

Post date: 06 Jumada al-thani 1447 - Today
Publisher: Tanqeeb.com