This role oversees and manages the cost accounting processes, ensuring the timely calculation, recording, and reporting of production costs. This position is essential for supporting financial decision-making by providing detailed insights into product costs, inventory valuation, and stock opname. The role also ensures that cost structures align with the organization’s financial goals and compliance standards, optimizing profitability and enabling effective inventory and expense management.
Key Accountabilities:
- New Product Development
- Providing financial insights and identifying cost optimization opportunities during the NPD process.
- Working closely with Research & Engineering, Marketing, and FP&A teams to discuss product specifications and analyze COGS changes.
- Calculating new product initiatives and changes based on bill of material (BOM) for comparison and COGS analysis.
- Collaborating with procurement to analyze costs of raw materials, packaging, conversion factors, and charges to secure competitive pricing.
- Re-Costing Standard Cost
- Periodically reviewing and updating standard costs for labor, GL, and machine costs based on historical data.
- Broadcasting final standard costs, including variance analysis comparing to previous quarters.
- Inventory Valuation and Stock Opname
- Planning and conducting regular stock opnames to verify physical inventory versus system records.
- Providing daily stock data for each stock opname.
- Supporting documentation and explanations during audits related to stock opname.
- Overseeing reconciliation processes, adjusting inventory records, and investigating root causes.
- Inventory Report and Management
- Collecting inventory data and creating regular reports and analyses.
- Collaborating with warehouse and operations to establish optimal inventory levels, reducing overstock and stockouts.
- Creating regular inventory provision reports.
Requirements:
- Bachelor's degree in Accounting, Finance, Business Management, or related fields.
- At least 3 years of experience in cost accounting, financial reporting, or analysis.
- Proficiency in accounting software and Microsoft Excel.
- Knowledge of cost accounting standards and financial reporting.
- Experience in manufacturing or production environments is advantageous.
- Strong analytical, problem-solving, and attention to detail skills.
- Excellent communication skills for cross-functional collaboration.
- Strong leadership abilities.
- Willingness to commit to a temporary 4-month contract.
Additional questions included in the description seem irrelevant to the job role and should be removed for clarity.