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Cost Accounting Specialist

5.00 to 7.00 Years   Saudi Arabia, Riyadh   15 Feb, 2024
Water Transmission and Technologies Co.
Job LocationSaudi Arabia, Riyadh
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther
Functional AreaNot Mentioned

Job Description

Water Transmission and Technologies CompanyRiyadhCost Accounting Specialist90000152

  • Ensure work is performed based on approved policies, processes, procedures and instructions.
  • Identify opportunities for continuous improvement of systems, processes and practices taking into account leading practices, cost reduction and productivity improvement.
  • Escalate problems to ensure case/issue is closed efficiently and in a timely manner.
  • Coordinate with Corporate Finance to assess budget/ forecast including spending risks/ opportunities for decision-making .
  • Develop standard costing templates based on best practices and international benchmarks to facilitate data gathering from different sources.
  • Design a cost structure to be base for pricing provided services.
  • Perform cost benchmarking to provide accurate costing principles for departments.
  • Review the process of reconciliation to ensure smooth operations in a timely manner.
  • Monitor payments processing (payroll, supplier payments, etc.) ensuring timely processing.
  • Review fixed assets accounting ensuring alignment to policies and procedures.
  • Monitor the closing process and the preparation of monthly, quarterly and annual accounting statements and reports ensuring accuracy and timeliness.
  • Apply a cost justification framework to support decisions about complex costs.
  • Perform complex analysis and recommend the best solution to achieve most efficient cost cutting solutions.

Keyskills :
Forecasting Cost Accounting budgeting

About Company

Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

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