Cost Accountant

MYFutureJobs; Johor; On-site; MYR 45,000 - 60,000; Full time

Job summary

A recruitment agency is seeking a qualified Cost Accountant for a manufacturing environment in Johor, Malaysia. This role involves maintaining cost accounting systems, performing variance analysis, and preparing budgets. Candidates should have a Bachelor’s Degree in Accounting or Finance and a minimum of 3–5 years of relevant experience. Familiarity with ERP systems such as SAP or Oracle is preferred. Interested individuals should apply via the provided email address.

Qualifications

• Minimum 3–5 years of experience in cost accounting, preferably in a manufacturing environment.
• Strong knowledge of costing methods and variance analysis.
• Familiarity with ERP systems is highly preferred.

Responsibilities

• Maintain and update cost accounting systems and BOMs.
• Perform detailed cost analysis for production processes.
• Assist with annual budget preparation and performance monitoring.

Skills

Cost analysis

Variance analysis

Inventory management

Budgeting

Cross-functional collaboration

Education

Bachelor’s Degree in Accounting, Finance, or a related field

Tools

SAP

Oracle

Microsoft Dynamics

Job description

We are hiring on behalf of our client.

Job Description

1. Cost Accounting & Analysis

• Maintain and update cost accounting systems, cost standards, and BOMs (Bills of Materials).
• Perform detailed cost analysis for materials, labor, overhead, and production processes.
• Prepare and update standard costs and review variances regularly.

2. Inventory & Production Costing

• Track inventory movements, perform stock valuations, and ensure accurate cost of goods sold (COGS).
• Conduct monthly and annual inventory reconciliations and cycle counts.
• Monitor WIP (Work in Progress) and ensure accurate costing of finished goods.

3. Variance Analysis & Reporting

• Analyze material, labor, and overhead variances, and report root causes.
• Prepare monthly cost reports and dashboards for management review.
• Provide insights to support budgeting, forecasting, and cost control initiatives.

4. Budgeting & Forecasting Support

• Assist with annual budget preparation, cost projections, and performance monitoring.
• Work with department heads to identify cost-saving opportunities and efficiency improvements.

5. Compliance & Internal Controls

• Ensure compliance with accounting standards, company policies, and audit requirements.
• Support internal and external audits by preparing cost-related schedules and documentation.
• Maintain proper internal controls related to cost accounting and inventory management.

6. Cross-Functional Collaboration

• Liaise with production, procurement, warehouse, and finance teams for accurate cost and inventory data.
• Support new product costing, feasibility studies, and pricing decisions.

Qualifications & Experience

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Minimum 3–5 years of experience in cost accounting, manufacturing accounting, or inventory costing.
• Strong knowledge of costing methods, BOM structures, standard costing, and variance analysis.
• Experience working in a manufacturing environment is highly preferred.
• Familiarity with ERP systems (SAP, Oracle, Microsoft Dynamics, or equivalent).

If you are interested, please send your email to [e-mail].