Senior Cost Controller & Inventory Accountant

Job in Jeddah, Saudi Arabia

Listing for: GUTHMI Group

Full Time position
Listed on 2026-03-02

Job specializations:

Finance & Banking
Financial Analyst
Accounting
Financial Analyst, Cost Accountant

Responsibilities

Inventory Valuation Accuracy:
Ensure precise inventory valuation and verify that all associated costs are accurately allocated to specific items.
Unit Cost Approval:
Review and approve the unit cost of items prior to posting and updating inventory records.
Procurement Coordination:
Coordinate with the Procurement Department to audit prices and review all posted costs.
GL Reconciliation:
Monitor inventory movements and ensure stock balances are fully reconciled with the General Ledger (GL).
Inventory Correction:
Resolve negative stock balances and address items with zero-cost records to ensure data integrity.
Turnover Analysis:
Analyze and report on inventory turnover ratios, while identifying stagnant and slow-moving items.
COGS Oversight:
Control the Cost of Goods Sold (COGS) and ensure it is recorded accurately and reflected in financial statements.
Variance & Margin Analysis:
Perform variance analysis on costs and profit margins (Actual vs. Expected) per branch, and report findings to the Finance Department.
Physical Stocktaking:
Participate in periodic physical counts and analyze discrepancies between system records and actual stock.
Root Cause Analysis:
Analyze inventory variances and provide strategic recommendations to address and mitigate the root causes.

Note that applications are not being accepted from your jurisdiction for this job currently via this jobsite. Candidate preferences are the decision of the Employer or Recruiting Agent, and are controlled by them alone.
To Search, View & Apply for jobs on this site that accept applications from your location or country, tap here to make a Search:
View / Apply for Jobs
Matching My Jurisdiction


Increase/decrease your Search Radius (miles)



Job Posting Language