Cost Accountant

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

Job summary

Masimo Corporation in Malaysia is seeking a Cost Analyst to support the financial planning and analysis team. The role focuses on product costing, standard cost setup, monthly job costing, stock reviews, and cross-department collaboration to prepare forecasts, budgets, and cash flows.

The position also supports month-end closure, audits, and the creation of cost-focused dashboards. Proficiency in cost accounting, Excel, and ERP systems is required in a manufacturing setting.

Qualifications

• Strong cost accounting knowledge and manufacturing cost structure understanding.
• Able to analyze and report cost data with attention to detail.
• Experience with financial modeling is desirable.

Responsibilities

• Investigate largest material variations identified on the weekly report.
• Develop and maintain scorecard reports to track cost KPIs.
• Review monthly job costing reports against budgets.
• Conduct monthly stock reviews for accurate valuation.
• Support monthly closure process and audit reporting.
• Prepare quarterly reports for internal and external audits.
• Coordinate inventory activities with Inventory Control and management.
• Collaborate across departments to ensure timely inventory processing.
• Ad-hoc duties as assigned.

Skills

Cost accounting

Interpersonal skills

Analytical skills

Teamwork

Education

Bachelor's degree in finance, Accounting, Business (costs knowledge)

Tools

Oracle ERP

Expandable

Microsoft Excel

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 & Preferred Qualifications and Experience

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.