Cost Analyst
Job
Overview
Saudi Arabia, Al Khobar, Al Bahah
- Civil, Structural and Architectural, Project Automation and IT
- Contract
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The Cost Analyst will be responsible for a wide range of financial tasks to help our client make sound business decisions. The ideal candidate will have a strong understanding of financial data analysis and cost accounting.
Key Responsibilities:
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Gathering and Analyzing Financial Data: You will be responsible for collecting financial data and conducting comprehensive analyses to identify trends and potential areas of improvement.
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Determining Standard Costs and Investigating Variances: You will establish standard costs and compare them with actual costs, investigating and explaining any variances that occur.
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Preparing Detailed Reports: You will prepare detailed financial reports on a regular basis and as needed for special projects or requests.
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Assisting Management in Decision Making: You will provide cost and benefit analyses to assist management in making critical decisions, such as investments, market growth strategies, and pricing changes.
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Budget Creation and Management: You will create and manage budgets, closely monitoring spending to ensure alignment with financial objectives.
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Conducting Financial Audits: You will conduct audits on financial processes and transactions to ensure accuracy and compliance with relevant regulations.
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Monitoring Changes in Processes or Methods: You will monitor changes in business processes or production methods to calculate their effects on overall costs.
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Estimating Product Costs: You will estimate the costs of existing and new products to inform pricing strategies and profitability analyses.
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Forecasting and Analyzing Costs: You will forecast and analyze costs of processes, labor, and inventory to inform budgeting and financial planning.
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Suggesting Cost-Reducing or Profitable Solutions: You will identify opportunities for cost reductions or profit enhancements and make appropriate recommendations.
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Conducting Market Research: You will conduct market research to inform future business planning and strategy development.
Qualifications:
- Bachelor’s degree in mathematics, Economics, Computer Science, Information Management, Statistics, or a related field.
- Proven working experience as a data analyst or business data analyst.
- Strong knowledge of and experience with reporting packages, databases, and programming.
- Knowledge of statistics and experience using statistical packages for analyzing datasets.
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
- Ability to work under pressure and meet tight deadlines.
We are an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by governing law.
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