Assistant Manager, Finance & Cost Management

ACCA Careers; Pasir Gudang; Hybrid; MYR 180,000 - 240,000; Full time

Job summary

ACCA Careers in Malaysia seeks a senior accounting professional to drive costing, stock valuation, and product profitability reporting for a manufacturing portfolio. You will lead budgeting, segment P&L analysis, and rolling forecasts, while strengthening internal controls and compliance with MFRS/IFRS and SST regulations.

You will mentor junior staff, coordinate audits, and collaborate with Operations, Procurement, and Finance to optimize cost structures and financial governance across palm oil

Qualifications

• Degree in Accounting, Finance, or related field.
• Professional accounting qualifications (ACCA, CIMA, CPA, MIA) are highly preferred.
• Minimum 5 years of costing/accounting experience in a manufacturing environment.
• Strong knowledge of MFRS/IFRS and Malaysian tax regulations (Income Tax, SST, Withholding Tax).

Responsibilities

• Costing, stock valuation & product profitability management.
• Plan, organize, and monitor costing systems and inventory reporting.
• Prepare monthly stock valuations and costing for WIP and finished goods.
• Maintain cost allocation bases for raw materials, production costs, and factory overhead absorption rates.
• Analyze product profitability across groups and highlight cost risks to management.
• Prepare segment P&L reporting and support budgeting and rolling forecasts.
• Review payments, invoices, and audit readiness; strengthen internal governance.

Skills

Costing

Budgeting

Financial analysis

Internal controls

Education

Degree in Accounting/Finance

ACCA/CIMA/CPA/MIA preferred

Tools

ERP systems

MS Excel

Job description

Key Responsibilities

• Costing, Stock Valuation & Product Profitability
• Assist in planning, organizing, and monitoring product costing systems, stock valuations, and inventory reporting.
• Prepare and review monthly stock valuations and costing for work-in-progress (WIP) and finished goods.
• Maintain cost allocation bases for raw materials, production costs, and factory overhead absorption rates.
• Analyze product profitability across product groups (including distilled, fractionated, and hydrogenated fatty acids, glycerine, and other segments).
• Highlight negative-margin contracts, abnormal variances, and cost control risks to management.

Management Reporting & Budgeting

• Prepare segment P&L reporting, support annual budget formulation, and perform rolling forecast variance analyses.
• Monitor key cost drivers, inventory movements, and production cost trends to recommend corrective actions.

Payments, Financial Controls & Risk Management

• Review payment proposals, supplier invoices, POs, delivery orders, weight tickets, and receiving vouchers for accuracy and procedural compliance.
• Identify control gaps, strengthen internal governance, and ensure department readiness for internal/external audits.
• Coordinate corporate insurance renewals and ensure coverage adequately protects company assets.

Accounting, Tax & Statutory Compliance

• Oversee transaction recordings, journal classifications, and month-end/year-end accounting closures.
• Review accounting schedules, reconciliations, accruals, and provisions.
• Assist with statutory financial statement preparations and coordinate audit query responses.
• Liaise with tax agents and regulatory authorities on corporate income tax, Sales and Service Tax (SST), and withholding tax computations and submissions.

Inventory Governance & Team Leadership

• Review stock write-offs, stock adjustments, and high-level/slow-moving inventory risks alongside Operations, Procurement, and Warehouse teams.
• Directly supervise, guide, and develop junior team members.

Job Requirements

• Education: Degree in Accounting, Finance, or a related discipline. Professional accounting qualifications (ACCA, CIMA, CPA, MIA, or equivalent) are highly preferred.
• Experience: Minimum 5 years of relevant working experience in costing, accounting, or management reporting within a manufacturing environment. Experience in palm oil refining, oleochemicals, chemicals, or process manufacturing is highly preferred.
• Technical Knowledge:
• Strong foundation in standard costing, product margin analysis, inventory controls, budgeting, and variance analysis.
• Hands-on understanding of internal control frameworks, payment verification procedures, and audit readiness.
• Sound knowledge of MFRS/IFRS accounting standards and Malaysian statutory tax regulations (Income Tax, SST, Withholding Tax).
• Systems & Soft Skills:
• Proficiency in accounting/ERP systems and Microsoft Office applications.
• Strong analytical, problem-solving, and cross-functional communication skills.
• Demonstrated team leadership, attention to detail, and a continuous improvement mindset.