Cost Accountant

ICHOR Systems; Kampung Biong; On-site; MYR 287,000 - 489,000; Full time

Job summary

A manufacturing company in Malaysia seeks a detail-oriented Cost Accountant to analyze costs, support financial decisions, and maintain inventory accuracy. The ideal candidate has a Bachelor's degree in accounting and 3–5 years of experience in a manufacturing environment. Responsibilities include analyzing variances, preparing cost estimates, and working with cross-functional teams to implement cost-saving initiatives. Competitive compensation and strong benefits like PTO and health care plans are offered.

Benefits

3 weeks annual PTO

Strong health care plans

Employee Stock Purchase Plan

401(k) Match

Tuition Reimbursement

Qualifications

• 3–5 years of experience in cost accounting required.
• Strong cost accounting experience in a manufacturing environment required.
• Solid understanding of cost accounting, inventory valuation, and manufacturing processes.

Responsibilities

• Analyze manufacturing variances including work order variance, scrap, purchase price variance.
• Gather and compile cost information and maintain a database concerning expenses.
• Prepare cost estimates for new or proposed products and manufacturing processes.

Skills

Cost accounting expertise

Analytical skills

Attention to detail

Collaboration

Education

Bachelor’s degree in accounting or business administration

Tools

Microsoft 365

Oracle ERP

Job description

Ichor Systems is seeking a detail-oriented and analytical Cost Accountant to join our team at our Sauk Rapids, MN facility. In this on-site role, you will play a key part in analyzing manufacturing costs, maintaining accurate inventory valuations, and supporting financial decision-making across the organization. The ideal candidate will bring strong cost accounting expertise within a manufacturing environment, excellent analytical skills, and a passion for driving efficiency and cost improvements. If you thrive in a fast-paced, collaborative setting and enjoy turning data into actionable insights, we want to hear from you!

What We Offer

• PTO – 3 weeks annually, with accrual starting day one
• Strong health care plans available for both individuals and family
• Employee Stock Purchase Plan (ESPP) – Buy company stock at a discount through payroll deductions
• 401(k) Match – Ichor Systems will match 50% of your contributions up to 8%
• Vesting is immediate, ensuring you have full ownership of both your contributions and the matching funds from the company
• Dental, Vision, Disability Insurance – Plus paid holidays, including a floating holiday
• Tuition Reimbursement – For approved professional development
• Competitive Pay – Includes shift differentials for swing shift and weekends

What You will Do:

• Analyze manufacturing variances including work order variance, scrap, purchase price variance, etc., and prepare regular reports highlighting these costs and identify inaccuracies
• Gather and compile cost information and maintain a database concerning expenses
• Review and close work orders while communicating the drivers of any variances to the management team
• Prepare cost estimates for new or proposed products and manufacturing processes
• Work closely with production, engineering, and procurement teams to identify and implement cost‑saving initiatives
• Analyze cost of operations including standard margin by part#, product line and customer
• Oversee cycle and physical count programs; investigate and explain adjustments needed
• Assist in month‑end and year‑end closing by posting journal entries related to revenue, inventory, COGS, accruals, etc.
• Assist in the preparation of monthly financial statements, ensuring cost‑related accounts are accurate and properly stated
• Review, analyze, and report actual profit margins
• Determine and recommend cost‑saving solutions
• Assist in yearly standard cost updates ensuring accuracy in inventory valuation

What You Will Bring

• Bachelor’s degree in accounting or business administration required
• 3–5 years of experience in cost accounting required
• Strong cost accounting experience in a manufacturing environment required
• Solid understanding of cost accounting, inventory valuation, and manufacturing processes
• Excellent verbal and written communication skills
• Proficient in Microsoft 365 or related software as well as accounting and ERP systems such as Oracle
• Thorough understanding of accounting procedures
• Thorough understanding of Generally Accepted Accounting Principles (GAAP)
• Excellent analytical, organizational and time‑management skills, with close attention to detail
• Ability to work collaboratively with others in identifying resources and sharing the allocation of resources; anticipate potential problems as they develop and escalate appropriately
• Ability to work independently, with minimal supervision
• Ability to manage confidential information

For candidates based in Minnesota, the pay range for this salaried exempt position is $70,300 - $119,500.

Ichor Systems Inc. is an Equal Employment Opportunity Employer

ITAR ONLY – The business site where this position is located is an ITAR‑compliant operation. Due to ITAR regulations, Ichor Systems is only able to employ US Persons. A US person is a lawful permanent resident (immigrant with "green card" permanent authorization to work document) or who is a protected person (a citizen, a national, a refugee, or a person granted asylum). Non‑citizens with other visas are not eligible for hire at this location.