Costing Accountant - Temporary Contract

Costing Accountant - Temporary Contract

Department: Finance

Employment Type: Temporary

Location: Riyadh - Lifera

Description

A career at Lifera is more than a job - Lifera’s mission is to enable the Saudi National Biotech Strategy, help achieve biopharma resilience in Saudi Arabia, and establish Lifera as a leading global biopharma company. A career at Lifera is an opportunity to change the future, contribute to enabling Saudi Arabia’s Vision 2030 and change lives.

Lifera is building a sustainable network of high-tech, end-to-end manufacturing assets and at-scale multiomics capacity to enable therapeutic discovery. Lifera aims to enable Saudi biopharma resilience through local manufacturing across priority essential and life-saving medicines, enable scientific discovery through multiomics, and ultimately to increase access to medicines and health for all. Career training and upskilling are key to what we offer employees. Lifera plans to train a few hundred individuals in specialized biopharma and genomics areas through 2029. Qualified applicants will receive consideration for employment in alignment with the HR policies and procedures deployed at Lifera. Requests for reasonable accommodation can be made at any stage of the recruitment process.

Lifera offers employees a robust total rewards program which is thoughtfully designed to support our employees across multiple needs. We encourage you to apply and start a conversation with one of our recruiters.

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Main Purpose and Key Responsibilities

Before applying to the job, please note that this role is a temporary contract for 4-6 months. Main Purpose:

The Costing Accountant will play a crucial role in developing procedures / controls including costing methodology for analyzing, monitoring, recording and optimizing costs associated with our company's core operations. Key Responsibilities:

• Cost Analysis: Conduct comprehensive analyses of production costs, materials, labor, overhead, and other expenses to identify areas for improvement and cost-saving opportunities.
• Developing Controls / Standards: Assist in designing procedures / processes / controls relevant for recording of Cost of Goods Solds in line with costing and accounting standards as applicable to the company. Develop / enhance the costing methodology to bring transparency / consistency in recording / analyse cost.
• Cost Control: Implement cost control measures and procedures to ensure adherence to budgetary constraints and achieve cost-efficiency targets.
• Process Improvement: Continuously evaluate existing processes and systems to identify inefficiencies and recommend improvements to streamline operations and reduce costs.
• Reporting: Prepare / design regular reports and presentations on cost performance, variance analysis, and cost-saving initiatives for management review.
• Compliance: Ensure compliance with relevant regulations and internal policies related to costing and financial reporting.
• Cross-functional Collaboration: Work closely with departments such as finance, procurement, production, and sales to gather data, share insights, and drive cost optimization initiatives.

Skills, Knowledge and Expertise

Educational qualifications:
Bachelor's degree in Accounting, Finance, Business Administration, or related field. Experience:
2-4 years of experience in cost accounting of a manufacturing concern. Skills:

• Strong analytical skills with the ability to interpret complex data and generate actionable insights.
• Proficiency in Microsoft Excel and other relevant software applications for data analysis.
• Knowledge of cost accounting principles, budgeting, and financial analysis techniques is preferred.
• Experience with ERP systems is a plus.