1.Company Info
Saudi Icon is a leading company offering fit-out services and solutions in Saudi Arabia since 2014. Saudi Icon has been working on various projects such as interior design, building, carpentry, built-in furniture, electrical and motor work, and movable furniture.
2.Job Summary
This is a full-time job as a Cost Accountant at Saudi Icon Company in Riyadh. The Cost Accountant will handle daily chores such as cost accounting, analysing financial statements, writing diary entries, and managing financial operations. The job needs good logical skills and a solid understanding of business.
Key Responsibilities
1. Project Cost Accounting & Budgeting
- Prepare and manage cost estimates and budgets for each construction project.
- Track and control material, labor, equipment, and overhead costs.
- Conduct variance analysis (budget vs. actual costs) and provide cost-saving recommendations.
- Identify cost overruns and implement corrective actions to ensure project profitability.
2. Financial Planning & Cash Flow Management.
- Forecast and manage cash flow to ensure smooth project execution.
- Oversee progress billing and milestone payments from clients.
- Ensure timely payments to contractors, suppliers, and subcontractors while managing outstanding dues.
3. Taxation & Compliance (Saudi Tax Laws & VAT)
- Make sure to follow Saudi tax rules, including Value Added Tax (VAT) and Withholding Tax (WHT).
- Find out which tax breaks and discounts apply to the building industry.
- Handle Zakat, income tax, and customs duty submissions and make sure they follow the rules.
4. Financial Reporting & Auditing
- Create cash reports for each job every month and every quarter.
- Calculate depreciation and amortization of company assets (land, machinery, vehicles, etc.).
- Maintain records for internal and external audits to ensure financial transparency.
5. Contract Accounting & Payment Management
- Check the financial terms of contracts before you sign them.
- Handle retainage accounting, which means putting back part of the cash until the job is finished.
- Keep an eye on progress payments, payments to subcontractors, and client bills to prevent payment delays.
6. ERP & Accounting Software Implementation
- Set up and oversee ERP systems designed for building.
- Automate financial reports and record transactions to work more efficiently.
- Make sure to keep track of job expenses and work that is still being completed.
Qualifications and Requirements
- Cost Accounting and Financial Statements
- Analytical Skills
- Journal Entries (Accounting)
- Finance
- Attention to detail
- Strong problem-solving skills
- Proficiency in relevant accounting software
- Bachelor’s degree in Accounting, Finance, or related field
- Cost Accountant
- 4+ Experience
- On the site work
Compensation and Benefits
- Competitive salary range 5,000-8,000 per month, depending on experience.
- Housing and transportation .
- Medical insurance for the employee and family.
Work Hours
- 8:00 AM to 4:00 PM Daily (except Friday)
- Extra hours during busy financial times.
Company Details & Physical Apply
(966) 11 461 3900
contact@saudi-icon.com
Saudi Icon Company, 2nd Floor, Hamad Tower, King Fahd, , Al Olaya District, Riyadh 12584, KSA
