Cost Accountant

Masimo; Johor Bahru; On-site; MYR 60,000 - 90,000; Full time

Job summary

Masimo in Malaysia seeks a Cost Analyst to support FP&A with product costing, standard cost setup, monthly costing, stock reviews and the monthly close process.

You will collaborate across departments to prepare forecasts, budgets, and cash flow projections, providing insights for decision making. A minimum of 3 years in accounting/finance with manufacturing cost accounting is required, with strong Excel and ERP skills.

Qualifications

• Good command of English along with strong interpersonal skills.
• Strong cost accounting knowledge.
• Minimum 3 years of experience within accounting/finance with specialty in manufacturing cost accounting.

Responsibilities

• Investigate and follow up the largest material variations identified on the weekly report.
• Develop and maintain scorecard reports to track key performance indicators related to costs and financial performance.
• Review and analyze monthly job costing reports to track actual costs against budgeted costs.
• Conduct monthly stock reviews to ensure accurate valuation and reporting.
• Support on monthly closure process.
• Prepare quarterly reports required for internal and external audits.
• Involvement in standard cost preparation and preparation of underlying data and analysis
• Coordinate inventory related activities with management and Inventory Control, including analysis, reporting, cycle count activities (such as blind counts); inventory adjustment needs; and help ensure overall inventory accuracy.
• Multi department cooperation to ensure inventory processing is completed timely and accurately
• Ad-hoc duties as assigned.

Skills

English and interpersonal skills

Cost accounting knowledge

Manufacturing cost accounting

Teamwork

Education

Bachelor's degree in finance, Accounting, Business

Tools

Oracle ERP

Expandable

Job description

Job Summary

Job Description

The Cost Analyst is a key contributor to the financial planning and analysis team, specializing in product costing, standard cost setup, and detailed cost analysis. This role involves meticulous review of monthly job costing, stock assessments, and collaboration with various departments to prepare accurate forecasts, budgets, and cash flow projections. The Cost Analyst plays a pivotal role in providing valuable insights for decision-making and maintaining financial accuracy within the organization. Supports the accountant in the monthly closure process and supports on the preparation of reports required for internal and external audits.

Duties & Responsibilities

• Investigate and follow up the largest material variations identified on the weekly report.
• Develop and maintain scorecard reports to track key performance indicators related to costs and financial performance.
• Review and analyze monthly job costing reports to track actual costs against budgeted costs.
• Conduct monthly stock reviews to ensure accurate valuation and reporting.
• Support on monthly closure process.
• Prepare quarterly reports required for internal and external audits.
• Involvement in standard cost preparation and preparation of underlying data and analysis
• Coordinate inventory related activities with management and Inventory Control, including analysis, reporting, cycle count activities (such as blind counts); inventory adjustment needs; and help ensure overall inventory accuracy.
• Multi department cooperation to ensure inventory processing is completed timely and accurately
• Ad-hoc duties as assigned.

Minimum Qualifications

• Good command of English along with strong interpersonal skills.
• Has strong cost accounting knowledge.
• Minimum 3 years of experience within accounting/finance with specialty in manufacturing cost accounting

Preferred Qualifications

• Experience with intercompany profit and inventory management
• Advanced proficiency in Microsoft Excel and financial modeling.
• Knowledge/experience in Oracle ERP system and Expandable.
• Knowledge of accounting procedures and practices, preferably in a manufacturing environment. A strong understanding of cost accounting principles and attention to detail is required.
• Possess good analytical and reporting skills, have good understanding in manufacturing cost structure.
• Ability to teamwork with other departments.

Education

Bachelor's degree in finance, Accounting, Business, preferably with costs area knowledge.

Physical Requirements/Work Environment

This position primarily works in an office environment. It requires frequent sitting, standing and walking. Daily use of a computer and other computing and digital devices is required. May stand for extended periods when walking in the facilities and audit cycle counts in the warehouse.