Project Estimator

The Senior Cost Accountant is responsible for managing, analyzing, and controlling all cost-related activities within the organization. The role requires strong expertise in SAP (FI/CO, MM, PP modules), cost allocation, variance analysis, and financial reporting. The Senior Cost Accountant ensures accurate cost data, supports management decisions with analytical insights, and drives continuous improvement in cost efficiency and profitability.

Cost Accounting & Analysis
Perform detailed cost analysis for products, projects, and services.
Maintain and monitor standard costs , BOM (Bill of Materials), and routing updates in SAP.
Conduct monthly cost variance analysis (material, labor, overhead) and investigate deviations.
Support costing for new products, new projects , and changes in manufacturing processes.
SAP Financial Operations
Manage costing activities using SAP FI/CO, MM, and PP modules .
Ensure accurate data flow from material master, cost centers, activity types, work centers, and BOM.
Perform SAP month-end closing including settlement of production orders, cost centers, and internal orders.
Generate and analyze SAP reports such as CK11N, CK40N, MB5B, KSB1, KSBT, S_ALR Reports , and more.
Participate in the preparation of annual budgets , rolling forecasts, and cost estimates.
Ensure compliance with IFRS , internal policies, and audit requirements.
Maintain strong cost accounting controls in SAP to ensure data accuracy and transparency.
Coordinate with internal and external auditors on cost and inventory-related matters.
Work closely with production, procurement, engineering, and finance teams to ensure accurate cost data.
Support projects related to process improvement, SAP enhancements, and system automation.
Bachelor’s degree in Accounting, Finance, or Cost Management (CMA or CPA preferred).
~5–7 years of experience in cost accounting, preferably in manufacturing, industrial, or project-based environments.
~ Strong SAP experience in FI/CO, MM, PP modules is mandatory.
~ Proficiency in Excel (pivot tables, formulas, dashboards).
~ Excellent communication and report-writing skills.


Business acumen and ability to partner with operations.
Why Join Alfanar Projects
Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors.
From Saudi Arabia to the rest of the world, we work closely with governments and partners to deliver strategic projects that support national goals and long-term visions. At the heart of our success are more than 10,000 professionals, diverse, skilled, and united by purpose. Mid-Senior level
Full-time