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Business Partner III, Downstream Job

Work Location:  KSA > Hael


Tasnee was established in 1985 as the Saudi private sector's first fully owned joint stock industrial company, with the aim of advancing the economic diversification in Saudi Arabia.  Headquartered in Riyadh, Tasnee and its subsidiaries now span 17 countries across 5 contintents and today we are Saudi Arabia's second largest industrial company and one of the world's largest producers of titanium dioxide.  


Tasnee is strongly committed to technology and innovation and supports product innovation through its NIPRAS Center for Research and Development in Jubail Industrial City. Tasnee allocates 1% of its profits to support charitable and humanitarian projects in Saudi Arabia.






An exciting opportunity is available for Business Partner III, based in Hail and will reports directly to Manager, Finance BP - Plastics


About the role: 

To support business with costing of products, releasing of standard cost estimates running monthly closing cycles, reviewing postings, standard costing and pricing; and prepare periodic COPA and monthly reports.

In this role, you will be responsible of:   

  • Sets up, reviews and updates periodically the costing system of the company ensuring that a prudent system of costing is in place which adequately captures all aspects of costs associated with a product for purpose of valuing finished goods and WIP and releasing of monthly standard cost estimates.
  • Plans, collects data and analyses effect of changes in product design, activities, specs, manufacturing methods or services and ensures that this is adequately reflected in the standard costing system.
  • Reviews closing cost centre costs and production costs and runs the monthly closing cycles within the required timeline.
  • Reviews variances of actual against standard cost and initiates rectifying action by preparing exception reports for attention of the Finance Manager and relevant departments.
  • Ensures that all the COPA postings are reconciled with the final income statements.
  • Monitors - accuracy of inventory costing; reconciliation of physical quantities against book balances and reconciliation of inventory module balance against GL inventory value.
  • Provides reports analysing negative contribution products and advises on adequacy of pricing policies.
  • Recommends LME pricing for lead and polypropylene and advises on procurement price policies.
  • Recommends refinements in costing / operations to rationalize and optimize resource utilization.
  • Any other assignment given from time to time by the Management.


    About You:


    Minimum Qualification and Experience:

  • Bachelor’s degree in Accounting/ ICWA or Equivalent
  • 3-5 years’ experience in process manufacturing industry with specific exposure to costing in SAP environment.


    Job Specific Skills:

  • Excellent numerical, analytical and problem-solving skills.
  • Thorough in costing principles, distribution and assessment cycles in SAP.
  • Excellent computing skills, particularly in SAP and MS Office.


At Tasnee we value the contribution of all our people in making us a global market leading organization. We invest in employee development and we provide a wide range of career opportunities,  offering everyone the chance to broaden their experience and build a professionally rewarding career as we work together to deliver innovative solutions for our customers.

Job Segment: ERP, Procurement, SAP, R&D, Technology, Research, Operations

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