Assistant Costing Manager

Bizlink Group; Permatang Pauh; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading manufacturing company in Penang is seeking a Costing Manager to lead a high-performing team, manage the costing process, and provide detailed financial analysis. The ideal candidate will have a Bachelor's degree in accounting or finance and at least 5 to 7 years of experience in manufacturing cost accounting, along with strong SAP Co module knowledge. This is an opportunity to make impactful cost-saving improvements in a dynamic environment.

Qualifications

• Minimum 5 to 7 years of hands-on experience in manufacturing cost accounting.
• Proven in-depth knowledge with SAP Co module.
• Strong understanding of accounting principles and costing reporting.

Responsibilities

• Lead and develop the costing team to ensure high performance.
• Manage the Company’s actual costing process including material costs.
• Provide in-depth cost analysis and reporting to Accounts Department Head.

Skills

SAP Co module expertise

Cost analysis

Inventory valuation

Team leadership

Education

Bachelor’s degree in accounting or finance

Tools

SAP

Job description

Responsibilities

• Lead, mentor, and develop the costing team to ensure high performance and compliance with corporate requirements.
• Manage and execute the Company’s actual costing process, including the calculation and analysis of material costs and finished goods inventory.
• Perform month-end closing activities related to costing including WIP settlement, variance analysis and final cost runs.
• Maintain standard cost, performing annual/quarterly cost rolls and bloating actual costs to standard costs to identify key drivers of variances.

Inventory and valuation

• Ensure the accurate valuation of raw materials, WIP and finished goods inventory.
• Analyze and track inventory movements, obsolescence and reserves.
• Conduct and oversee the physical inventory count process and reconcile any discrepancies with the SAP system records.

SAP and system expertise

• Work closely with accounts team and IT to optimize costing processes within SAP and support new system implementations or upgrades.
• Work closely with SAP team to develop and maintain custom SAP reports to analyze cost of goods sold and cost variances.

Financial analysis and reporting

• Provide in‑depth cost analysis and reporting to Accounts Department Head, including profitability by product, customer, etc.
• Prepare and complete internal and external cost audits.
• Support the annual budgeting and forecasting processes by providing detailed cost inputs and assumptions.
• Partner with operations and supply chain teams to identify and track cost saving opportunities and process efficiencies.
• Perform any other duties or special assignments as required by senior management.

Qualifications

• Bachelor’s degree in accounting, finance or related field. Experience
• Minimum 5 to 7 years of hands‑on experience in costingаркны and manufacturing cost accounting, preferably within manufacturing environment.
• Proven in‑depth knowledge with SAP Co module, product costing and actual costing.
• Strong understanding of accounting principles, costing reporting and regulatory